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Yes I'll add this: The only student market I'm familiar with is Kitchener-Waterloo. The hayday for student properties is over here for now. Waterloo in particular has released a lot of zoning for multi-unit properties along University Ave. and Columbia St. If you had bought student property about 5 years ago and sold it 2 years ago you would have made 100-200% on appreciation while enjoying a healthy positive cash flow. 5 years ago student property had great cash flows evne with 100% financing, today it's no better than renting single family homes. If you put 25%+ down then you'll have some cash flow. Don't expect appreciation anytime soon for licensed houses. MANY investors are trying to dump their inventories, but they think the market is still 2 years ago where they could ask (and get) anything they want. I know one investor who had 16 student houses along Columbia St. and he sold them all 2 years ago right as the peak of the market because he saw the hand-writting on the wall. That warning sign was 40 PAGES of available housing in the off-campus housing directory. Conclusion: There are better markets than the K-W student housing market right now.
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