Is Student Housing The Next Sector In The Market To Increase?
As RDC (Red Deer College) gets more degree granting status we should see more interest in buying student digs as many parents look at the trade off of 4 years of rental payment verse’s the opportunity of capital growth of ownership. Student numbers have increased over the last few years and we are seeing vacancy rates drop and student housing responds opposite to the market. If the market drops and jobs tighten up student numbers increase and rents go up. I also believe that the education institutions will look at more out of province and out of country students to increase their funding and maybe in some instances some intuitions may need to sell their residences to top up there funding.