The Time Is Right! The Time Is Now!
Why now? Simply put, demand for purpose-built student housing is growing at a fast pace and shows no sign of easing.
That’s because Canada is in the throes of a student housing crisis thanks to factors such as population growth, a difficult job market that’s prompting many graduates to pursue second degrees, and a sharp increase in the number of international students. According to analyst estimates, the country’s post-secondary institutions will play host to more than 1 million students by 2021, but will fall 425,000 beds short of accommodating them. Worse, only 25,000 university beds have been added across the country over the past five years, with 15,000 of them located in Waterloo, Ont. This lack of investment has resulted in huge supply shortages across some of Canada’s fastest-growing campuses.