These aren’t the article I saw but along the same lines re: effect on a lower tier of colleges:
“ The bad news from Ontario colleges came slowly, then all at once. In October, nine months after the federal government put a cap on international students, Seneca Polytechnic announced it was shuttering its Markham campus. A month later, Sheridan College suspended 40 programs. In January, Mohawk College cut over a hundred staff members, St. Lawrence College discontinued almost 40 percent of its offerings, and Centennial suspended 49 programs—axing everything from construction project management to court support services to journalism.”
After the International Student Gold Rush | The Local.
And
“ But already institutions across the country are reporting significant declines in foreign enrolment, typically in the range of -30% to -50% … The impact of these declining numbers of foreign students has been both immediate and dramatic," writes the arbitrator, William Kaplan. “By the spring of 2025, more than 600 programmes were cancelled [or] suspended, or their cancellation/suspensions announced, and four colleges have closed campuses or announced their closure. The list of programme cancellation/suspensions disclosed in these proceedings is, in a word, alarming.” “
Measuring the impacts of the first full year of Canada's foreign student enrolment cap - ICEF Monitor - Market intelligence for international student recruitment.