Georgian College in Barrie ON Expected to Add 3000 New Students

City of Barrie to Contribute to Georgian College

The city of Barrie has finally recognized the value of having a first class medical teaching facility associated with RVH. They will contributing approximately 5 million to help build the new facility.

On top that Georgian College is expecting to grow by adding 3000 students by 2011. The question to ask is where are all these students supposed to stay, live and study? There are not many places to build a large sustainable residential housing facility in the area.

I am all for growth but the pressure being put on the local housing stock is starting to take affect. It looks great on politicians to be promoting all the new money being put into this new research/teaching facility, but what about the housing situation? The city has a clear mandate to clamp down on all illegal rental houses in the area, but where are the students supposed to go?

This is great news for investors in the area as pressure will build for the city to address this situation soon. The best thing investors can do in the Barrie area is to legalize all existing housing inventory and wait for values to go up due to increasing rental demand.

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