ChazYEG
Senior Member
Again, larger, reputable institutions are not suffering from the effects of these cut-backs nearly enough for this argument to make sense. These institutions' main sources of funding are endowment funds or provincial government transfers, not tuition.Let's be realistic. Rent in Edmonton has not increased because of international student enrollment at dozens of strip mall colleges. That kind of rhetoric isn't only silly and unwelcome, it's dangerous. The reality is, scale is needed for buildings like MacEwan's business building to be constructed. In other words, you're not constructing that building for a couple hundred students. You need lots of students for that building to make economic sense.
Read the article just posted by johnnyboy. Academic institutions are having difficulty filling the hole in their operating budgets left by the decline in international student enrollments. It's not hard to assume that the higher tuition fees paid by international students acted as a subsidy to Canadian students and now the revenue shortfall being experienced by some institutions will need to be picked up by Canadian students or their parents. Taxpayers could possibly end up making up for the shortfall. One thing that is clear, lay-offs and scaling down programs is not conducive to construction of new building.
Additionally, as me, and others here have pointed out, Edmonton is an outlier in the sense that it didn't feel the impacts of the poorly thought escalation of temporary resident numbers, but I'm cities like Vancouver and Toronto (and others in southern Ontario and the Lower Mainland) this has a substantial impact, and the government cannot create specific immigration and visa approval rules for different cities.
No one here is saying that we shouldn't have those international students, but the growth was too fast and infrastructure, not just housing, didn't keep up with it. It needs to be brought down to a point in which we can sustain the growth while maintaining affordability, job creation and quality infrastructure for everyone, including those coming here.