), international students drive up rents because they are prepared to rent rooms in larger apartments or houses, and even share rooms with flatmates, bringing the overall possible rent of a unit to levels that are totally unaffordable for a local family.
It is my contention that this is not the case, and I would actually argue the opposite: International students are saving both the average Canadian homeowner and the Canadian banking system. How is that? hikes and their galloping mortgage payments. This, in turn, helps the banking system, as it grapples with the rising risk of defaults.with higher borrowing costs, several Canadian banks have allowed borrowers to extend their mortgage amortizations to more than 55 years in an effort to keep the loans afloat and allow households to keep up their payments.