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Another Canadian real estate headwind: International students told to delay plans

from Better Dwelling

Another Canadian real estate headwind: International students told to delay plans Better Dwelling Canadian real estate is seeing another demand side factor disappear — international students. Immigration, Refugees and Citizenship Canada (IRCC) data shows international student permit holders admitted, made a sharp decline in Q2 2020. The decline will continue into the fall, or drop further, as the government warns students may not be admitted due to the pandemic. Canada typically has hundreds of thousands of international students, which applies demand pressures on housing. With their extended absence, hundreds of thousands of homes will be sitting empty. READ MORE

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