Student Housing in Waterloo

A Hub for Growth

The City of Waterloo has been an incubator for growth in the Waterloo Region. With post-secondary institutions booming, and startups staying local, Waterloo is surpassing provincial and national averages in growth. Both universities have been blossoming in the midst of the fastest growing city in Ontario, outside of the Greater Toronto Area. Both universities have experienced greater than expected growth in the past five years. With new expansions coming to completion and growing joint programs between each university and Conestoga College, Waterloo is ready for even more growth.

“Waterloo is an excellent case study of how private developers, educational institutions and municipal governments can work together to foster a nurturing environment for purpose-built student housing.”— DEREK LOBO, ROCK ADVISORS

Students are savvy consumers, expecting high standards from their university experience. That means students expect modern amenities and a quality experience from their accommodation. Purpose-built student condos meets this demand, providing safe, secure, comfortable and affordable housing near universities for students to live in.

Student enrolment generally rises in tough economic environments, as students wish to up-skill and remain competitive in the labour market. Add to that the bonus of short-term lease structures typically found in student housing, and the opportunity for frequent rent increases at turnover, student condos are the ultimate opportunity in any economy.

0.171 beds per full-time student
With only 0.171 beds per full-time student, off-campus housing is the primary option for students. Adding approximately 515,000 square feet of new academic space in short range horizon
BASED ON UW SIXTH DECADE PLAN, UW WEBSITE and UW PLANT OPERATIONS
0.266 beds per full-time student
With only 0.266 beds per full-time student, off-campus housing is the primary option for students. Adding approximately 474,000 square feet of new academic space in short range horizon
BASED ON CAMPUS MASTER PLAN, WILFRID LAURIER AND IBI GROUP

Academic Certainty Outweighs Economic Uncertainty

Ontario attracts the largest number of international students amongst all provinces and territories. The province welcomes almost 40% of all international students in Canada. No matter what economic instability might come our way, the following will not change: a high quality student residence in a popular university city that is well-managed will always experience high demand. Whether we’re in a boom or in a recession, there will always be students looking for modern, safe, comfortable and convenient accommodations.

Waterloo has seen an exponential increase in purpose-built student accommodations to keep pace with the growth of international students.