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Originally Posted by CoryB
The challenge is U of M largely attracts students from within Manitoba and more so within Winnipeg. Conservatively it costs a student about $15,000 annual to live on their own and pay for basic necessitates like food. Often students have no or minimal income so they are either taking loans to pay those costs or family is picking them up.
The other challenge U of M has with Southwood is developing the area so it benefits their community. Having a bunch of speculators come in a wild west land grab to secure future income properties is not what they need to have happen.
My vision would be to create relatively small yet independent living for students and new grads. Perhaps something that is owned by U of M or a spin-off arm that puts an age ceiling on who can live there, ie you need to be under 30 to live in this development. Not sure if they could legally pull that off My thinking is if you keep the whole demographic of the neighbourhood constantly on the young end it would naturally attract retailers, etc that are chasing that market.
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There is a large international student population at the U of M and ICM (International College of Manitoba, which is affiliated with U of M and uses the Fort Garry campus). Not sure of the numbers but it is a decent chunk of the student body, and all those students need housing. But yes, they are not the majority of the institution.