Unlike the USA, Canada doesn't have any legal countermeasures against monopoly, duopoly or oligopoly. In many areas of Canadian life, citizens choose between one or two companies for phones, 6 or 7 banks, 5 insurance companies etc. For health care, pensions and education you're basically dealing with government programs and they are compulsory. It's all too big to fail and completely uncompetitive. For example, this huge rich telecoms in Canada could never compete outside of the country...they only survive through regulatory capture and mega corruption of the government.

A generation ago, much of the attraction of Canada was the fact that things like education, medical care and social housing were open to both native born and immigrants and the standards were good. People would move to Canada and cheerfully move down the social ladder with the idea that their kids would later have upward mobility. And life could be ok.

A lot of the social safety nets were paid for purely from population growth. They didn't have a huge pot of saved money to dip into, they take this year's taxes and pay out current year benefits. So immigrants were coming into the country and paying for elder Canadian's old age pensions and end of life health care. But at least there was a perception of a social contract and it would eventually benefit these immigrants.

However, now its clear that an entire generation of elder Canadians have pulled this ladder up behind them. Their own kids and grandkids are thrown to the lions now that all these bubbles are either exploiting workers / young people or (in the case of education and health care) popping and leaving everyone to deal with anarchy and collapse.

There is now a phenomenon where immigrants pack up and leave Canada and go back home. Sometimes their kids also leave. A lot of other nations have improved a lot and it can be better to be retired back in their place of origin rather than to face the Canadian systems and high cost of living.

In the case of this particular story, notice that nobody cares about the fact that these government registered colleges were running outright scams? Like charging students application fees, running entirely fake and low quality courses, reporting false and inflated enrollment to the government to scam extra money and all that...that was fine. It didn't matter how bad it was for these students or the native Canadians who were stuck in the same school system.

They are only fixing this to reduce demand for housing, period. A certain class of Canadians are worth something and everyone else can suffer.