In general, Canada will require 3.5 million more housing units on top of what’s already being built by 2030, with Ontario and British Columbia accounting for about 60% of this gap.53 The United States is experiencing a shortage of between 5.5 and 6.8 million units, with the supply and demand gap expected to widen every year.54 The UK faces a backlog of 4.3 million homes.55 And Australia will see a supply shortage of nearly 253,000 units by 2028.56
Polls indicate that a hypothetical Biden-Trump race would go down to the wire, though it’s very early in the cycle.76 Still, a Trump win could prove detrimental for the US’s international education sector.
In May 2023, the UK government announced that it would begin to limit the ability of international students to bring dependents into the country with them.82 Application volumes indicate that interest in the UK market was already softening when this policy change was announced. And many of the UK’s largest student populations have high dependent-to-main-applicant ratios, including Indian, Nigerian, Pakistani, and Bangladeshi students.83 As a result, this new policy has the potential to push a large number of students toward other destination countries.