Thousands of students are on waiting lists to get into student housing on both UBC and SFU campuses. (Jon Hernandez/CBC)Dorm demandGlobal Education City is one of a handful of companies that are tapping into the student rental market. Its latest building — GEC Pearson on South Cambie — opened for reservations in April and is currently 70 per cent reserved. They're not so much interested to build rental housing because it ties down capital." The plan's key actions include creating more accommodations for students, as well as streamlining the permitting process for purpose-built rental housing.

Source: CBC News September 06, 2018 02:15 UTC