Irrespective of economic conditions, education is always in demand. In fact top education institutions have noted increases in enrolment numbers in economic downturns and recessions.
Did you know that more than 1.5 million full-time students are currently enrolled in Canadian universities and colleges?
Of these, more than 400,000 are international students and no one is building housing for them.
They collectively generate a huge demand for rental housing and, in particular in large urban centres where rents are high, present a predictable source of demand for rental units.
It is estimated that the unmet (residual) demand for student housing in Canada is more than 416,000 beds. This should hardly come as a surprise since even with millions enrolled in Canadian universities, the total number of on-campus beds is just 121,164.
And the demand for student housing in Canada is only expected to rise. The demographic realities of most regions of Canada and the increased appetite for education around the world mean that international students will comprise a larger proportion of university enrolments in the future.
Wouldn’t you now agree that Student housing is a lucrative investment opportunity!
Kitchener-Waterloo is a growing region with top universities, a thriving technology industry attracting top talent for high earning employment and over $2 Billion invested in transit infrastructure in the city. Read below to learn more about DTK Condos in Kitchener.
Known as Silicon Valley North, located one hour west of Toronto
The fourth largest population in Toronto
The fastest growing population in the province
Population expected to grow 185,000 over next 15 years or 35%
Over 2,700 tech start ups thrive here
Learn more about this region in this presentation
Why should you invest in the Kitchener-Waterloo region?
High Tech Industry: Home to Google, Microsoft, Shopify. Local companies attracted $29.1 Million in venture capital in 2017. 8,400 tech jobs were added from 2011-2016. Large tech companies are attracted by world class talent being produced by University of Waterloo.
Rental Growth: Rental rates in Kitchener appreciated at the second fastest rate in Canada. Young professionals are moving to the region for more affordable housing and strong job opportunities. The demand is the strongest for new condos in the downtown core.
Transportation: The new ION Light Rail Train which is the first of it’s kind outside Toronto, is now open. $43 million invested in a downtown Kitchener transit hub. Connecting local transit to GO trains and buses. $1.2 billion invested in Kitchener corridor GO train line.
First-Mover Advantage: DTK Condos will be among the first high-rise condos in the downtown core. It will be the tallest building in the region and will be an attractive option for young professional in the downtown core.
*Now Under Construction and ONLY a few units remaining*
Download the development brochure here
Developer: IN8 Developments
Address: 32 Duke St E, Kitchener
Nearest Intersection: Weber St E & Queen St N
Prices: Starting from the mid $300s
Storeys/ Suites: 39 storeys/ 410 suites
Suite Types: One Bedroom – Two Bedroom suites
Suite Sizes: 496 SF – 692 SF
Parking: $52,000
Locker: $3,000
Maintenance Fees: $.0.43 per SF (excludes hydro)
Extended Deposit Structure and ONLY 15% down:
$5,000 on Signing
5% minus $5,000 in 30 days
5% on July 1, 2020
5% on March 1, 2021
5% on Occupancy, May 2021
Pricing:
One Bedrooms starting $388,990
One Bed and Den starting $410,990
Two Bedrooms starting $484,990
Anticipated Rental Rates:
One Bedrooms: $1300 – $1400
One Bed and Dens: $1,450 – $1,550
Two Bedrooms: $1,600 – $1,850
Incentives:
$0 Development Charges
$0 Assignment Charges
Smart Home Technology Package (smart door, smart lights, smart thermostat)
One Year Free Property Management and Lease Service OR $2,000 upgrade credit
