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Student accommodation

UVic attributes the financial strain to a sustained decline in international student admissions, which poses a significant challenge for a university heavily reliant on revenue from foreign student tuition fees.

Housing Minister Sean Fraser is contemplating implementing a cap on the number of international students admitted to Canada as a means to alleviate pressure on housing prices. This consideration arises in the context of Canada’s recent decision to raise its immigration target, with a goal of admitting 500,000 individuals in 2025.

With a 13-percent year-on-year increase in rental costs, students are compelled to find accommodation in distant parts of the city where living costs are lower but commuting to campus and work becomes challenging. Salmassi warns of an imminent housing crisis with some students already resorting to living in cars due to the lack of affordable housing options.

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