Assessing New Opportunities for Workforce Housing in the Centre Region

Anecdotal signs suggest that the rental market for student housing is becoming saturated. The spike of student-focused housing occurred concurrent to the loss of several more affordably priced rental neighborhoods throughout the Region. Therefore, now is a good time to get an accurate accounting of the rental market. By obtaining precise data of the student rental market, this report attempts to assess if there could be any potential opportunities for affordable housing due to the increase of student housing. This report will outline the process and results of the assessment. This report is consistent with the 2013 Centre Region Comprehensive Plan as it is looking for a way to adequately supply housing to meet the needs of existing and future Centre Region residents.