It’s crunch time for UBC students who want on campus housing.
Nearly 6,000 students are waiting for a roof over their head come September.
UBC’s managing director of student housing and hospitality Andrew Parr says the waitlist is getting longer year after year.
And the school’s stock of 12,000 units just isn’t enough.
“We’re in the midst right now of growing our housing inventory by about 3,500 beds between 2015 and 2020. We’ve opened two new complexes in the last couple years that have added about 2,300 beds to the campus and we have three other projects on the go.”
But by the time the school starts, Parr says around 5,800 students will be left in the cold.
46% of students housed are international, the remainder Canadian.
Parr says rents can go from $600 to $1,200 a month.
Meanwhile, Realtor Steve Saretsky says he’s not surprised students want on campus housing.
But he says student or not, he’s been getting some odd calls lately.
Saretsky says he’s been getting calls from friends and random people to help find rental units in the city’s tight market.
“Basically just asking me to help them find rentals, because they’re struggling. The rental field is almost as competitive as maybe buying a place.”
Saretsky says as a realtor he can’t help them out, but adds in all the years he’s been a realtor he’s never had people calling to help them for rent.
The city’s rental vacancy rate sites below one percent