> rent growth slowed, with the average two-bedroom, purpose-built apartment increasing 5.1% to $1,550, down from faster growth a year earlier
Isn’t that a good thing? AFAIK Canada’s cost of housing vs salary is notorious, allegedly even worse than countries where housing is most people’s #1 cost complaint. Increased demand from international students is one of the causes.
> Fewer international students also mean less tuition revenue for post-secondary institutions and reduced spending in local economies that grew around student populations.
Those are real problems, and we can even argue whether Canada’s international student policy was a net benefit (although the vast majority of Canadians seem to think it was way too permissive, hence the rollback).
But framing a decrease (not even stop) in rent inflation as bad, is odd.
> rent growth slowed, with the average two-bedroom, purpose-built apartment increasing 5.1% to $1,550, down from faster growth a year earlier
Isn’t that a good thing? AFAIK Canada’s cost of housing vs salary is notorious, allegedly even worse than countries where housing is most people’s #1 cost complaint. Increased demand from international students is one of the causes.
> Fewer international students also mean less tuition revenue for post-secondary institutions and reduced spending in local economies that grew around student populations.
Those are real problems, and we can even argue whether Canada’s international student policy was a net benefit (although the vast majority of Canadians seem to think it was way too permissive, hence the rollback).
But framing a decrease (not even stop) in rent inflation as bad, is odd.