Housing costs

[plam]

Not sure if this is the right thread, but has there been any local news on what’s happening with the Waterloo rental market?  One imagines that there must be hundreds of unrented/under rented apartments in the universities area at the moment?

I have a grad student who has been looking for housing. He reported that people were trying to rent at full price until some time early last week, when there was capitulation. I think he's looking at the range $350-$525 for a room in a shared apartment, with people who are locked into leases throwing in discounts to subletters.