{"id":13910,"date":"2019-10-16T11:11:32","date_gmt":"2019-10-16T18:11:32","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=13910"},"modified":"2019-10-09T12:58:18","modified_gmt":"2019-10-09T19:58:18","slug":"the-university-effect-on-bc-housing","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2019\/10\/the-university-effect-on-bc-housing\/","title":{"rendered":"The University Effect on BC Housing"},"content":{"rendered":"<p style=\"text-align: justify;\">International students represent a powerful economic influence in Canada, according to data from the Canadian Bureau for International Education (CBIE), not the least of which is seen in the real estate sector.<\/p>\n<p style=\"text-align: justify;\">In 2017, the latest numbers available, there were 494,525 international students in Canada, a 119 per cent increase compared to 2010 and a 20% increase from a year earlier.<\/p>\n<p style=\"text-align: justify;\">US News and World Report ranked Canada the No. 1 country for education in the world in 2017, followed by the United Kingdom, Germany, Australia and the United States.<\/p>\n<p style=\"text-align: justify;\">The three top reasons why international students choose Canada, according to the CBIE, are the quality of the secondary education system, Canada\u2019s reputation as a tolerant and non-discriminatory society and its reputation as a safe country.<br \/>\n<a href=\"https:\/\/www.roryc.ca\/blog\/?attachment_id=13911\" rel=\"attachment wp-att-13911\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-13911\" src=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/international-students-288x190.jpg\" alt=\"\" width=\"600\" height=\"396\" srcset=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/international-students-288x190.jpg 288w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/international-students.jpg 750w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><br \/>\nSource : Canadian Bureau for International Education<\/p>\n<p style=\"text-align: justify;\">It is estimated that foreign students spend $8 billion annually in Canada, including tuition costs, housing costs and other living expenses.<\/p>\n<p style=\"text-align: justify;\">This translates into the creation of more than 81,000 jobs and a more than $445 million contribution to government revenue.<\/p>\n<p style=\"text-align: justify;\">Surveys have shown that 95% of international students recommend Canada as a study destination to their peers.<\/p>\n<p style=\"text-align: justify;\">While the majority of international students arrive from China, at 28% of the total, and India, representing 25% of enrolments, the foreign students came from at least 14 countries in 2017, including approximately 15,000 from the United States.<\/p>\n<p style=\"text-align: justify;\">British Columbia, which attracts an average of 115,000 students each year, is one of Canada\u2019s most popular destinations for international students. Each student pays an average of $12,000 per year on housing, part of an annual $1.8 billion in annual spending in the province. Foreign-student enrolment in BC has risen 300% in the past 10 years.<\/p>\n<p style=\"text-align: justify;\">The Real Estate Investment Network recently published a report called The University Effect, which examined the effect of large numbers of students on an area&#8217;s real estate market, and offered advice to student-housing investors.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/biv.com\/article\/2019\/10\/international-students-have-powerful-influence-real-estate-data\" target=\"_blank\" rel=\"noopener noreferrer\">International Students Have Powerful Influence on Real Estate<\/a> by Western Investor | Business in Vancouver<\/p>\n","protected":false},"excerpt":{"rendered":"<p>International students represent a powerful economic influence in Canada, according to data from the Canadian Bureau for International Education (CBIE), not the least of which is seen in the real &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2019\/10\/the-university-effect-on-bc-housing\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-13910","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The University Effect on BC Housing &#8226; 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