Education Headlines

Bank of Canada governor says cap on international student enrolments may ease rent price inflation

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 31 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 47%
  • Publisher: 63%

Economy News

Bank Of Canada,Governor,Cap

Bank of Canada governor Tiff Macklem believes that the newly announced cap on international student enrolments will help ease rent price inflation. The federal government has implemented a two-year limit on new study permits to address the strain on the housing market caused by strong population growth. While many economists agree that capping study permits may moderate rent price inflation, the extent of its impact on rental prices remains uncertain.

OTTAWA — As the debate rages on about how to tackle rapidly rising housing costs, Bank of Canada governor Tiff Macklem says the newly announced cap on international student enrolments should help ease rent price inflation. "You saw this week the government capping student visas," Macklem said in an interview with The Canadian Press.The federal government announced a two-year limit on new study permits to get a handle on a soaring international student program.

Immigration Minister Marc Miller said at a cabinet retreat in Montreal on Monday that the number of new visas handed out this year will be capped at 364,000, a 35 per cent decrease from the nearly 560,000 issued last year. The number for 2025 will be set after an assessment of the situation later this year. The decision was prompted in part due to the strain strong population growth is putting on the housing market. Many economists agree that capping the number of new study permits issued may help moderate rent price inflation, however the degree to which it could ease rental prices is unclea

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in EDUCATİON

Education Education Latest News, Education Education Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canada to Reduce International Study Permits to Address Housing ShortfallCanada will be reducing the number of international study permits for the next two years in order to alleviate pressure on housing demands. The federal government will issue 364,000 new international student permits this year, a 35% reduction from 2023. The new cap also targets 'bad actor' educational institutions.
Source: CHEK_News - 🏆 59. / 55 Read more »

Canada to Slash New Student Visas Amid Housing PressureNew visas for international students will be slashed by more than one-third this year as the federal government tries to slow a rapid increase in temporary residents that has put immense pressure on Canada’s housing system.
Source: CHEK_News - 🏆 59. / 55 Read more »