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But this trend has shot up recently with interest rates climbing, forcing people to rent out living space to offset increases in their mortgage payments.
Canada on Monday announced a two-year cap on new international student permits after explosive growth in recent years aggravated the housing shortage.
Canada is capping international student intake for two years; for 2024, the cap will result in a decrease of 35 percent in approved study permits. New eligibility criteria for Post-Graduation Work Permit Program have also been announced.
Canada is considering a cap on the number of international students due to concerns about housing shortages. The government has been criticised for its immigration targets, which have led to a surge in temporary residents, including students and migrant workers.
Amid the growing unemployment and housing crisis in Canada, Immigration Minister Marc Miller on Saturday said he will be looking at the possibility of putting a cap on the number of international students living in the country, CTV News reported.