Duke Tower Kitchener | 39 fl | completed

[tomh009]

I could see if affecting rent prices if none-students start renting student units, but would anyone actually do that? As for regular rental units, the market is still tight. But if incomes are down, then I could see market price reductions, but it would be given as a subsidy of sorts. That way they could go back up to regular rates once things get bette.

I think that's exactly the most likely scenario. A landlord would likely much rather offer first four months free than discount the rent by 25% (which would effectively be permanent).