Welcome Guest! In order to take advantage of all the great features that Waterloo Region Connected has to offer, including participating in the lively discussions below, you're going to have to register. The good news is that it'll take less than a minute and you can get started enjoying Waterloo Region's best online community right away. Click here to get started.


Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
General University Area Updates and Rumours
(06-14-2017, 03:20 PM)panamaniac Wrote: I think we can assume that he meant to refer to the owner(s).

Funny enough, I think this architecture studio is owned by the developers!
Reply
So which student tower(s) won't be ready as promised for their September 1 move in date this year?

:-)
Everyone move to the back of the bus and we all get home faster.
Reply
City of Waterloo Finance agenda (page 66) has a report on student housing.

Predicts a potential surplus of 1,060 beds with an additional potential of 7,114 beds still coming down stream.


Also mentions the assembly of parcels for two new parks (Hickory @ Sunview, and Hickory @ Hemlock) in Northdale (page 53) that I think were previously announced.
Everyone move to the back of the bus and we all get home faster.
Reply
That's a decent analysis.  A 1,060-bed surplus is not unreasonable, it would be something like a 5% vacancy rate.  8,000+ beds would be quite different though.

But I do wonder about the counting:

Quote:Low-density rental licensing number generated by averaging two figures:
• 1. Counted 90% of licensed beds in catchment area and 25% beds outside catchment area
•2. CBRE Limited analysis figure

Is the "licensed beds" counting all rental aparments?  Barrel Yards, for example, is within the catchment area, and is (I think) primarily catering to the non-student population.
Reply
If apartment growth surpasses university growth, perhaps there is hope for the 3000+ name waiting list for affordable housing in the Region.
Reply
(10-13-2017, 08:13 AM)tomh009 Wrote: That's a decent analysis.  A 1,060-bed surplus is not unreasonable, it would be something like a 5% vacancy rate.  8,000+ beds would be quite different though.

But I do wonder about the counting:

Quote:Low-density rental licensing number generated by averaging two figures:
• 1. Counted 90% of licensed beds in catchment area and 25% beds outside catchment area
•2. CBRE Limited analysis figure

Is the "licensed beds" counting all rental aparments?  Barrel Yards, for example, is within the catchment area, and is (I think) primarily catering to the non-student population.

I'm pretty sure they're counting Barrel Yards as 90% student occupancy, which is pretty absurd. They also assume 25% of all other multi-residential beds in the city, which seems high. I doubt there's that many students living far enough from campus they're outside the catchment area.

I continue to believe we're not at oversupply. The students towers seem to still be displacing a lot of unlicensed low rise rentals, which are returning to non-student uses. As a result student housing growth should be viewed in the context of Waterloo's overall population growth, rather than just student enrollment growth, at least until we've achieved 80%+ displacement of unlicensed low rise rentals. A lot of the new buildings are also friendly to younger staff/researchers at the university that are without families, and would like a 1 bedroom apartment close to work.
Reply
(10-16-2017, 03:07 PM)taylortbb Wrote: A lot of the new buildings are also friendly to younger staff/researchers at the university that are without families, and would like a 1 bedroom apartment close to work.

Yeah, basically every grad student I knew considered a 1-bed apartment to be the ideal living situation. And they used to be in fairly short supply.
Reply
I can see some of the current student-oriented buildings becoming popular with larger families that don't want or can't afford a house. How often do you find an apartment where a family of four could give each kid their own room?
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)