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The demand for post-secondary education is increasing across Canada and many post-secondary institutions are expanding and opening new satellite campuses. The federal government is supporting this expansion by committing $2 billion in funding for post-secondary education in budget 2016. The funding is meant to modernize existing infrastructure at institutions and increase student aid for low to middle income learners. While it’s getting easier to afford a university education, the stock of student housing on campuses is not keeping up with students’ demand for it. As a result of this housing shortage, investors have been buying properties and converting them to student housing.
“Condo projects located near university and college campuses were among the best-selling condos in the country over the last year, and many of my investor clients took advantage of these opportunities,” says Andrew la Fleur, a condo specialist realtor in Toronto with ReMax.
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