Canada has long been a favored destination for Indian students, attracting hundreds of thousands annually. However, recent shifts in housing affordability have significantly impacted their stay, prompting many to reconsider their plans.
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- Rising housing costs in Canada are making it increasingly difficult for international students, including those from India.
- Ottawa, a hub for students and professionals alike, has seen a surge in demand for housing amidst escalating prices.
- Currently, over 9 lakh international students contribute to Canada’s diverse educational landscape, with Indians comprising about 37% of the total.
- The housing crunch has led to a substantial increase in rental prices, placing severe financial strain on students.
- Job opportunities for students have also dwindled recently, adding to the challenges of living in Canada.
- Many Indian tech professionals and students, interviewed by the BBC, are contemplating returning to India due to exorbitant living costs.
- Rent for a one-bedroom apartment in major Canadian cities often consumes half of a monthly salary, making savings difficult.
- The number of Indian students going to Canada has declined by about 35% this year compared to 2023.
- A recent survey by Angus Reid Institute highlighted the significant impact of housing and currency fluctuations on expatriates.
- Despite Canada’s allure, many are now facing tough decisions about their future amidst these economic realities.
