OMG UPDATE: Question? Answer.

Updated on Friday, April 25

#6375

QUESTION: Is it just me, or is the supply of student housing in Waterloo expanding exponentially, and the price is increasing as well? Did someone break the rules of supply-demand since I last took econ?

5 comments

  1. UW itself is growing pretty quickly, so student housing must as well.

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  2. Laurier has been really increasing their student enrolment as well.

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  3. + increasing demand of housing in general as KW continues to urbanize

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  4. New housing can set prices however high they like. If people are willing to pay it, that drives the price of all housing up... prices are sticky, housing costs basically never go down.

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  5. No. It looks very bad to lower prices, but as you may notice many landlords are giving other incentives to sign a lease. Some are giving upfront $$$ to sign a lease and when the rest of the buildings are finished I would presume that the prices may fall or stay flat, especially considering that enrollment continues to rise.

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