. “I know the current National Housing Strategy policies are prioritizing some of the most vulnerable segments of our population, but I also would say that we should be including students in those priorities — especially considering increases in enrolment and the increased pressure of international students returning to the market as well.”
“This is a market that is very much underserved. In all of Canada, based on the number of beds that are available, I believe the current inventory serves only 15% of the post-secondary population,” he says. And in times of supply-demand disparity, private entities, such as corporate landlords or financial institutions, are much more likely to get involved.
“Right now, you have demand outpacing supply, and as a result, students are being forced to compete with the interests of those particular segments of the rental market. So it doesn’t present a very good environment,” says Lewis. “I know some universities have been taking steps to build new housing, but the problem is that they’re not building enough to keep up with the current demand for housing.”.
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