Thanks for the question.
In fact, the international student program is demand-driven, so there is no cap on applications for study permits per se.
It's demand-driven and, in fact, moreover, they do tend to, in very large numbers, apply for permanent residence through express entry, often based on their ability to find work through a post-graduate work permit thereafter.
To answer the question directly, there are no caps on the intake of international students. Many of them reside in residence as well.