Canada to set a cap on international students amid housing crisis, fix 'out of control' system

livemint.com:

CTV News reported. Marc Miller mentioned that he would be looking at the possibility of setting a cap on international students to help reduce the demand for housing in both the first and second quarters of this year.

However, the extent of reduction to be made in the immigration system was not specified by the government. Marc Miller pointed out that a cap on international students would not be a "one-size-fits-all solution." Marc Miller told the publication, “This is a conversation the federal government will need to have with provincial governments to make sure that the provinces that have not been doing their jobs actually rein in those numbers on a pure volume basis." While referring to the number of international students in Canada he said, "That volume is disconcerting.

It's really a system that has gotten out of control." The Liberals aim to bring 485,000 immigrants to Canada in 2024 and 500,000 in both 2025 and 2026. On the number of international students coming to Canada, Marc Miller said, “We need to be doing our jobs and making sure that we have a system that actually makes sure people have a financial capability to come to Canada, that we're actually verifying offer letters." Around 300,000 temporary residents comprising of international students and migrant workers arrived in Canada in the third quarter of 2023.

Marc Miller also highlighted the need to study the impact of the increasing number of immigrants, both permanent and temporary residents and said, “And now it's time for us to have a conversation about volumes and the impact that is having in certain areas." Miller said that housing was only part of the calculation, the federal government also needs to bring down the average age of the workforce. M