Rental Demand From International Students Will Slow This Year, but Won’t Fall: RBC

RBC says the recently announced cap on new study permits won’t lead to an outright decrease in demand for rental housing from international students this year. But a new report from the bank about the cap finds the expected increase in rental demand from international students could fall by about 50 percent as a result of the policy. Ottawa announced a temporary cap on new study permits over the next two years as it tries to get a handle on sharp growth in international student enrolments at Canadian post-secondary institutions. The number of new visas handed out this year will be capped at 364,000, a 35 percent decrease from the nearly 560,000 issued last year....