EconomyForex

Canada considering foreign student visa cap to address housing shortage

1 Mins read













PRAVEEN KUMAR NANDAGIRI-UNSPLASH

OTTAWA — The Canadian government, under pressure over the rising cost of housing, could consider capping foreign student visas, which have rocketed in recent years, new Housing Minister Sean Fraser said on Monday.

Official data show there were more than 800,000 foreign students with active visas in 2022, up from 275,000 in 2012. Canada is a popular destination for international students since it is relatively easy to obtain a work permit.

Fraser, who was immigration minister before taking up his job last month, said the sharp rise in the number of students was putting pronounced pressure on some housing markets.

Asked whether a cap could be imposed on the number of foreign students, he said, “I think that is one of the options that we ought to consider.” The government has not yet made a decision, he added.

“We’ve got temporary immigration programs that were never designed to see such explosive growth in such a short period of time,” Fraser told reporters on the sidelines of a cabinet retreat in the Atlantic province of Prince Edward Island.

The official opposition Conservative Party, ahead in the polls of a federal election which must be held by October 2025, say the Liberal government of Prime Minister Justin Trudeau is not doing enough to tackle the housing issue.

Canada, which has a population of around 39.5 million people, plans to take in a record 500,000 new permanent residents in 2025. Fraser said limiting the number of newcomers was not the answer. — Reuters

Neil Banzuelo




Related posts
EconomyForex

Groups flag P633 billion corruption risk in bicam-approved 2026 budget

2 Mins read
HANDOUT COURTESY OF OFFICE OF SEN. GATCHALIAN Multisectoral groups on Monday raised their recommendations on the P6.793-trillion national budget approved by the…
EconomyForex

US fighter jet, helicopter crash in South China Sea during routine drills

1 Mins read
US fighter jet, helicopter crash in South China Sea during routine drills – BusinessWorld Online                                    …
EconomyForex

Samsung Care+ Premium is the perfect addition to make household investments last

3 Mins read
Samsung ensures your TVs and appliances stay at their best with extended protection and proactive, expert care As premium devices become essentials…
Power your team with InHype
[mc4wp_form id="17"]

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *