Monday, October 7, 2019

International Students are Driving Canadian Rents Costs UP

Foreign students in Canadian universities and colleges is up 119 % from 2010 to 2017, according to the Canadian Bureau for International Education (CBIE), which estimates there were 435,415 international students in Canada at the end of 2018.

In Canada, the supply of urban housing near post-secondary schools is
estimated at 3% other countries that have seen a flood of international students, such as the U.S. and U.K. are at 10 and 12%.

Data from REIN, Financial Post and Huffpost estimate largest city student housing shortages are in Montreal, Toronto and Ottawa.

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