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

Rental Demand From International Students Will Slow This Year, but Won’t Fall: RBC
Immigration, Refugees and Citizenship Minister Marc Miller rises during Question Period, in Ottawa, on Feb. 6, 2024. The Canadian Press/Adrian Wyld
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RBC says a 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.