on Global Education Communities Corp. (CVE:GEC)
Global Education Communities Corp. Updates on Student Housing Developments
Global Education Communities Corp. (GECC) reports on its student housing portfolio and ongoing construction projects. As of October 31, 2026, occupancy rates across its properties are near full capacity, ranging between 93% and 100%. The high demand supports their development strategy.
GEC® Oakridge, strategically located in Vancouver, is ahead of schedule and under budget, with expected completion by early 2027. Its estimated value is $159 million, with projected annual rental revenue at $10 million. Nearby, GEC® Langara has received rezoning approval, allowing for a 26-storey development with projected rental revenue of $11.3 million.
GECC is rightsizing its Education Mega Center®, reducing its scope to better fit market demands and accelerate completion, projecting $19.9 million in revenue. The company is aligning its projects with anticipated growth in Canada's education sector following policy changes that favor international student enrollment.
R. E.
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