Look, this was not a housing decision per se. It was a decision on the integrity of the system, based on the challenges we were seeing and the ecosystem that had been created. We can't deny the impact of the volume on affordability—notably, the cost of shelter in certain areas. Indeed, economists have said that this measure we took as a government currently to put on the cap is probably one of the most important affordability measures we have taken, so it is important, but it was not at the core of it. At the core of it was to make sure that Canadians could be proud of a system for international students.
On February 28th, 2024. See this statement in context.