News Real Estate Development Urbanized Vancouver is short over 14,000 student housing beds
A shortage of dedicated post-secondary student beds is exacerbating rental housing supply in Metro Vancouver, where rental vacancy rates recently reached a low of about 1%.
According to a new report by Real Estate Investment Network Canada, which compiled findings from various other studies and reports, there is currently a shortage of over 14,300 student beds in Vancouver.
Without student beds, a larger portion of the rental housing supply is increasingly being pursued and occupied by students looking for accommodations …