Because so many international students are putting a lot of stress on housing, Canada has put a two-year limit on the number of foreign students that can come to study there. This comes after almost a million study passes were given out last year, which is three times as many as in the previous ten years.
The new plan, made by Marc Miller, Canada’s immigration minister, will partially restrict the number of student permits that can be issued. This will indicate that only about 364,000 visas will be given out in 2024.
In addition to the visa limit, the fresh regulations will also limit foreign students’ ability to get job permits after completion, with the goal of enabling them to return to their home countries. Work permits, which were once seen as an easy way to get permanent residence, will now be regulated more closely.
People who are still in graduate or post-doctoral studies caforeign studn still get a work permit for three years. Also, spouses of foreign students in college or university programs will no longer be able to apply.Concerns about an extreme shortage of lending apartments, which leads to prices rising, have led the government to step down on the admission of foreign students.
The housing problem has made Justin Trudeau’s government less popular with voters, especially since Pierre Poilievre, the leader of the opposition, has been climbing in the polls leading up to the next election. Because of the price problem and worries about the quality of education at some schools, the government had to modify its rules and make them stricter.
The move is meant to help with housing and economic problems, but it will have an effect on the education sector, which gets about C$22 billion ($16.4 billion) a year from foreign students. It will have a big effect on Ontario, which has the most people, as well as on businesses that depend on temporary work from foreign students, like restaurants and stores.
The new rules are likely to make it harder to find temporary workers, which will make the labor gaps that many businesses, including restaurants, are already facing even worse.Canadian banks have also gained from the large number of international students. This is because each student needs to have a Guaranteed Investment Certificate (GIC) worth more than C$20,000 in order to pay for their living costs.
According to official figures from 2022, most of the foreign students (about 40%) come from India. China is the second-largest source of students, with about 12%. Schools are worried about how it will affect their campuses, but everyone agrees that there needs to be a balanced approach to student permits that takes housing and economic issues into account.
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