02-29-2016, 09:38 PM
(02-29-2016, 01:26 PM)nms Wrote: I'm not sure if there ever has been a full census of how many beds there of the "stuff-a-house" variety given the difficulty of tracking them. If you assume that those 8300 new beds are going to soak up 8300 tenants out of those houses, that might mean between 1000 (8 to a unit) and 2000 (4 to a unit) rental houses or apartment units would be empty. Regardless, given that UW, WLU and Conestoga themselves are only predicting single-digit growth in the coming years, the gap is only going to widen.
I've seen several single detached homes convert from rental to... owned (not sure what word I'm looking for here) in the further from the university areas. I suspect that trend will continue for the future and the "student zone" will contact signifgantly towards the University.