Foreign Students That Own Property

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Some foreign students live on campus, others off campus. Only universities can provide break down stats. What is more, on or off campus?

However, there are students who live ‘at home’ because parents bought condos or houses in preparation for their education in Canada or United States. I used to take a break from doing research at the Toronto Public Library and stare at a condo building opposite the library. Who owns it? I used to wonder.

Well, maybe own is not the right word because it’s not a house. It’s more of an apartment building. However, nationalities or groups do favour certain condos or suburbs.

In Killarney, South Africa, the building opposite the mall used to be 60% owned by an American private church. Surfside, a condo building in Miami that collapsed mysteriously in June last year, had many U.S. and Israeli Jewish owners.

Whether it’s Toronto or Florida, overseas parents buy property for college going kids to reduce the stress of being away from home. They also have a place to stay when they fly in to check on the kids.

Immigration can be a factor. Parents hope kids will find it easier to get jobs if they are educated in Canada, U.S. or Europe. Kids also collect tax and cost of living information parents use to decide whether they want to emigrate or not.

By: Nonqaba waka Msimang. 

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