# Student housing deals reshape Canadian education

> Canada’s universities partner with developers to build student housing amid housing shortages.
- Title: Student housing deals reshape Canadian education | Shortify
- Summary: Canada’s universities partner with developers to build student housing amid housing shortages. Canadian universities partner with developers to build student…
- Keywords: university of toronto, student housing, canada, tricon living, ontario government, foreign student enrolment, money, business, Student, housing, deals, reshape
- Source: Financialpost — https://financialpost.com/real-estate/private-public-deals-reshaping-canadian-student-housing
- Read time: 1 min
- Topics: university of toronto, student housing, canada, tricon living, ontario government, foreign student enrolment, money, business
## U of T faces housing shortage
The University of Toronto, like many Canadian post-secondary schools, struggles with a student housing shortage.
## U of T’s housing plan costs $300k per bed
U of T’s plan to build 5,500 student beds by 2036 costs about $300,000 per bed.
## U of T partners with developers
U of T chose to partner with a developer to build student housing instead of funding it themselves.
## First projects add 1,200 beds
The first two projects at U of T’s downtown St. George campus will add more than 1,200 student beds.
## Presidential advisor says housing plan works
Scott Mabury, U of T’s real estate advisor, says the plan delivers more housing efficiently with less capital.

> substantially more housing, more efficiently and with significantly less capital required from the university
## Foreign student surge strains housing
Canada’s foreign student enrolment peaked in 2023, increasing pressure on local housing markets.
## Key takeaway

Canadian universities partner with developers to build student housing as foreign student numbers surge.