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Canadian Student Housing Overview

The Canadian student housing sector entered a pivotal phase in 2025, shaped by shifting enrolment patterns, evolving government policies, and a dynamic economic landscape. Despite macroeconomic headwinds, the sector has demonstrated resilience, outperforming many other real estate asset classes.

This report highlights key trends in enrolment, international student flows, rental performance within the larger multi-residential sector, and recent investment activity. It also explores the implications of the federal study permit cap and the evolving role of domestic and U.S. students as drivers for student housing demand.

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