In a recent speech at the World Economic Forum in Davos, Switzerland. Prime Minister Justin Trudeau praised Waterloo University as a Canadian economic hub rich with “brilliant minds and brilliant ideas.” Trudeau also highlighted comments from President of Y Combinator that mentioned “one school that stood out as a source of graduates with sparkling new ideas was Canada’s Waterloo University.” View more of his speech here.
For years REITs, pension funds and other institutional investors understand that student housing close to colleges and universities provide a consistent high performing investment. The proposition is simple, buy near a major post secondary institution and rent to students who require accommodations.
The average Toronto area re-sale home price rose 1.7 per cent year over year in January to $748,328, including single-family homes and condos, according to the Toronto Real Estate Board (TREB), which is forecasting a 4 per cent annual price increase for 2019.
Looking for a pad within walking distance of Toronto's subway system? Good call. You'll get around the city a lot cheaper and faster than you would by taking a car—you just may have to pay a bit more for your home upfront.