The hike in the house rents and homesteads is turning into a menace. Let us look at Kamloops, it can be seen that 46.8% of renters and 13.7% of homeowners are living in unaffordable housing. That situation is worse for the students, international students particularly. Even though new apartments are being built, the rents remain far beyond reach for any students.

Increasing costs of housing has made the lives of students in Kamloops and its environment most difficult due to the struggles of finding a house. Xavier Gomes, a student of Thompson rivers university asks a question: if education is meant to be accessible, why are the students being forced to choose between housing and basic needs? Many students are now working multiple jobs, living in overcrowded spaces or delaying studies just to make rent.

Students who lack sufficient funds for expensive rentals must choose between substandard shared rental homes. Should students accept the living circumstances as their final accommodation solution?

What Needs to Change?
Student housing cost must decrease 10% to meet the budgets which students can afford. Academic housing development should expand with affordable rates for students. The government needs to lower interest rates on mortgages since this will increase the number of rental opportunities.

The high cost of education should not force students into financial pressure and live in temporary housing conditions. The central issue becomes how students can afford their education when they cannot afford basic housing.

Sources:

Mukherjee, P. (2024, Sept 30). Canada’s housing affordability crisis may persist for years despite rate cuts. Reuters. https://www.reuters.com/world/americas/canadas-housing-affordability-crisis-may-persist-years-despite-rate-cuts-2024-09-30/ 

Kamloops Housing Report. Housing Needs Assessment Final Report 2020|Final. https://www.kamloops.ca/sites/default/files/2022-02/scd_27500_kamloopshousing_needs_assessment_final_oct2020.pdf