Canada s new limit on visas for international students will cool the high demand for rental units and slow the rate of rent hikes, but it won t necessarily be a big factor in solving the country s housing affordability crisis, observers say.
The report, released Wednesday, found the vacancy rate now sitting at 1.5 per cent, the lowest recorded rate since 1988 when the CMHC began recording a national vacancy rate.
Several international students in Toronto who CBC spoke to say they hope limiting study permits will make it easier for them to find housing and employment. But Kewal Shah says other changes to the international student system could upend his life plan.
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