I'm from Toronto......and, no, the students are well off for the most part. Obviously not 100% of them, but the vast majority. We've had a whole problem here with international students being lured to Canada with false promises and even to attend fake schools. The numbers of students has been incredible. It's a real problem here, all around.
The immigration scams, the number of students, the fake schools, the cost of tuition for internationals, the cost of housing, the SEVERE lack of housing, and on and on. And now new immigrants are starting to leave Canada in numbers because of the absolutely deranged and unmoored from fundamentals cost of living.