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Laura Hanrahan from Green Street News summarizes, "A woefully undersupplied market suggests major opportunity for investors" in Canadian student housing. Canada is in the midst of a housing shortage, and purpose-built student housing is no exception. Compared with other countries that offer similar educational opportunities, Canada is lagging in its ability to house students. The purpose-built student housing provision rate — the rate of total beds versus total students — is just 10%. In the UK, for example, that number is 30%. Canada’s student housing provision rate varies widely across cities, from 5% in Winnipeg to 35.6% in Waterloo. But even in cities with more supply, there’s still plenty of opportunity to be had for investors to build student housing near postsecondary schools. https://lnkd.in/g-QFr-WX #studenthousing #pbsa #canadianrealestate

The high cost of living in Toronto is placing immense pressure on college students, many of whom struggle to find affordable housing close to campus. A report by the Toronto Star highlights that students often spend more than half of their income on rent, leaving little for other essential expenses. This financial burden can negatively impact students' academic performance and mental health, forcing many to make tough decisions between their education and basic needs. It also contributes to a higher dropout rate and limits students' access to opportunities for growth and success. Local governments and educational institutions must collaborate to address this pressing issue. By creating affordable housing options near campuses and providing financial support for students in need, we can ease their burden and improve their quality of life. Initiatives such as subsidized housing, rent control, and student housing projects can make a significant difference. It's crucial for policymakers and institutions to work together to develop sustainable solutions that prioritize the well-being of students. source : https://lnkd.in/d8rPnFrk img created by : www.canva.com

Students and friends in Toronto, pay attention! As we try to figure out how to live in college, one important problem stays at the top of our minds: finding cheap housing. A shocking trend was found by a recent study from Ryerson University: nearly 70% of students in Toronto have living costs that take up more than half of their monthly budgets. It's not just a number; this is a problem that affects daily life and schoolwork. Toronto is known for its great schools and lively city life, but now it faces a bigger problem as rental prices go through the roof. A simple one-bedroom apartment can cost more than $2,000 a month, which is way out of reach for most students who work part-time and take classes. The consequences are bad: students cut corners on living conditions, which can make places dangerous and hurt their mental health. Also, the long commute from cheap, faraway neighbourhoods takes away important time that could be used for learning or relaxing.  But things can change! We need to keep pushing for new ideas, like Building more housing co-ops for students will provide more inexpensive and community-focused living options. Trying to get the government to step in and limit price rises and give more money to help pay for student housing. Universities and the business sector should work together to make sure that some new buildings are set aside for cheap student housing. We need your opinion! Have you had trouble finding a place to live while you were in school? What ideas do you have for making student living a system that helps students instead of one that gets in the way of their education? Take part in the chat below and share this post to get the word out. We can work together to make sure that all students can find safe, reasonable homes in the future. Let's get together and ask for action. The future, our health, and our schooling rest on it!

Some great analysis from the Grattan Institute out this week after it was confirmed that the Commonwealth Government would put a new cap on foreign student numbers. But is this really the way to solve the housing crisis and free up more homes? And what sort of impact could the cuts have on our economy more broadly? Grattan are suggesting that if any impact at all, on housing availability of affordability, it is likely to be around 1% or less. I still find it hard to believe that rents could go down in this market at all to be honest. But if that happens that would obviously be welcome news. The broader point I think the analysis shows is that perhaps immigration or migration numbers don't have the drastic impact on local housing markets as some people may think they do. More in the interview below 👇 https://lnkd.in/eMmb4b5k #HousingSupply #Availability #Affordability #Planning #EconomicActivity #PopulationPlanning #Growth #BetterTogether

Many schools are facing housing woes this fall, and the impact on students is real. Now is the time to get ahead for next year. Scion can help you develop a strategic housing plan to address capacity, affordability, and long-term sustainability.   #StudentHousing #StrategicPlanning #HigherEd #ScionAdvisory

ICYMI: Last week, George Brown College students had a unique opportunity. They joined a discussion with federal ministers to voice their concerns on housing insecurity and soaring rents. Their insights are invaluable in the ongoing conversation about making housing affordable. Learn about their impactful dialogue and explore GBC's initiatives on this critical issue: https://lnkd.in/gqkeFzc2 #College #Students #HousingCrisis #Toronto

The housing crisis is severely impacting college students in Toronto. In Emily Johnson’s article “Struggling to Stay: The Housing Crisis for Students” (2023) from The Local, Johnson discusses the skyrocketing rent prices and the challenges students face in finding affordable housing. She states, “Many students are forced to choose between paying tuition and securing a place to live” (Johnson, 2023). This article underscores the urgent need for affordable housing solutions to support the student population. Read more in the latest issue of The Local. #housingcrises #toronto

Struggling with Halifax's tough rental market, fourth-year Dalhousie student Lauren Palmer shares her concerns about finding affordable housing. With rising rents and limited options, many Canadian students are feeling the crunch - perhaps now more than ever. Intergenerational living projects, including those that the Canadian Alliance for Intergenerational Living are launching in senior homes across Calgary and Vancouver, could be one solution to this issue. In the meantime, Dalhousie students like Lauren are waiting until 2027 for a new six-storey residence to be built, part of a broader 10-year plan to increase on-campus housing. Though this residence is a step in the right direction, students are worrying it won't fully address the housing crisis in a city where rents are skyrocketing. Read the full story here: https://lnkd.in/gRXSwDUe #StudentHousing #HousingCrisis #IntergenerationalLiving #CAIL

Finding affordable housing near the University of Toronto is a significant hurdle for many international students. Charlene, from Hong Kong, and Daniela, from Venezuela, faced high rental costs and limited availability, common issues in Toronto's competitive housing market. Sparrow connected Charlene and Daniela with Letty, a welcoming host who provided a secure, supportive home - crucial for their transition and academic success. 🗣️ "Letty is like my second family - she helps me with so much, from preparing food to giving me cleaning tips. It really builds a comfortable environment where I can focus on my education," says Daniela. Why Students Use Sparrow: ✅  Affordability: Sparrow offers affordable room rentals across Canada, easing financial burdens for young students like Charlene and Daniela. ✅  Security and Compatibility: Through meticulous vetting and compatibility matching, Sparrow ensures students are placed in environments where they can feel safe and supported. ✅ Cultural and Personal Support: Sparrow’s homesharing model allows the opportunity for cultural exchange and emotional support, which are invaluable to students and young professionals adjusting to a new city. ✅ Complimentary Tenant Coverage: Sparrow provides comprehensive tenant coverage, including insurance against property damage and personal liability. Coupled with 24/7 support, this ensures students are well-protected. ✅ Rent Reporting: To help build a financial footprint in Canada, Sparrow automatically reports rent payments to Equifax. This assists students in building their credit scores, enhancing their financial profiles for future transactions like loans or additional credit. ✅ Member Perks: Sparrow renters enjoy exclusive discounts on essential newcomer services, such as moving services to reduce settling-in costs, affordable phone plans for better connectivity, and more, making the transition smoother and more affordable. Read more about their story and how Sparrow is tackling the critical issue of housing in Canada through homesharing: https://lnkd.in/gFjhsibk

Looking for housing in Vancouver as a student? Check out our latest blog post for the best tips and tricks! 👉 https://lnkd.in/dPJcY7Wz 🏠📚 #VancouverStudentLife #StudentHousing #Vancouver