Waterloo Residences Operating budget 2016/17 Fiscal year

CONTEXT 5,298 beds 3 rd largest Canadian campus housing op. 80% of 1 st year students live in residence $34 million in annual revenue 1.9 million square feet – 20% of UW space ~100 full-time staff ~250 student staff V1 opened in 1965

MY UNDERLYING GOAL IS… …to inspire you to live in residence again.

PURPOSE OF THIS PRESENTATION Share the 16/17 residence financial forecast with residents to raise awareness, seek input, and answer questions.

CHOOSE YOUR OWN ADVENTURE Our FocusThe ImpactThe Money Our Surroundings The End NRB

DISCUSSION Anything surprise you in these slides? Any advice for the department? Are you inspired to return to residence next year? My contact info: Glen Weppler Director of Housing

CHOOSE YOUR OWN ADVENTURE

THE STATE OF STUDENT HOUSING IN THE CITY OF WATERLOO

TIMES ARE CHANGING

BENEFITS OFFERED OFF-CAMPUS Fully-furnished units Ensuite bathrooms Granite countertops Incentives to sign lease Free month rent Free big screen TV Free internet Source:

Potential surplus of housing beds *see data limitations 1,196 * Supply/Demand Study Outcome

MAKING THE RIGHT CHOICE Students in Waterloo have more choice in where to live than anywhere else in Canada.

Comparing Features Fee per termDiscount OCHUW ResidencePremium OCH ~ $ per term$2,200$2,600$3, mo lease req’dMost HousekeepingX Utilities includedSomeX Close to classX Internet includedX IT support serviceX Public common spaceXX Floor common areasX Organized eventsX Meals availableX Gym, study room, etcXX 24-hour securityXX Tutoring availableX 200+ Job opportunitiesX

CHOOSE YOUR OWN ADVENTURE

OUR FOCUS IS YOUR LEARNING

EDUCATING OUTSIDE THE CLASSROOM Our students Student Development & Residence Life Marketing & Admissions Residence Facilities Office of the Director of Housing Learn where you live Facilitate learning & development Fill the beds Provide beds/space Clarity, coordinati on & culture

THE OFF CAMPUS HOUSING MODEL Our students Student Development & Residence Life Marketing & Admissions Residence Facilities Office of the Director of Housing Learn where you live Facilitate learning & development Fill the beds Provide beds/space Clarity, coordinati on & culture

NON-TRADITIONAL EDUCATORS Dons / Residence Life Program Velocity residence Living-Learning Program Academic based Coop-LLC – pilot Waterloo Entrepreneurship Residence Connection (WERC) – pilot Learning does NOT happen by chance!

CHOOSE YOUR OWN ADVENTURE

THE IMPACT OF RESIDENCE USING EVIDENCE

GENERAL RESEARCH FINDINGS Extracurricular activities participation Perception of campus social climate Satisfaction w PSE experience Personal growth and development Frequency of peer/faculty interactions Persistence to graduation

RETENTION RATE Retention Rate Subgroup HousingNot in Housing Difference (% points) Statistically Different Overall 93.4%87.1%6.3Yes Applied Health Science 93.7%92.1%1.6No Arts 91.1%84.9%6.2Yes Engineering 94.3%93.5%0.8Yes Environment 92.1%90.5%1.6No Mathematics 94.2%76.7%17.5Yes Science 93.3%91.3%2.0Yes Male 93.3%87.4%5.9Yes Female 93.5%86.8%6.7Yes Domestic 93.6%90.0%3.6Yes International 90.6%60.0%30.6Yes Table 1 – Difference in retention rates of subgroups (of those who first registered for study in a term between academic years 2005/2006 and 2010/2011)

OVERALL IMPACT Does living on-campus positively impact a students decision to return to University? According to most students… yes!

HIGH IMPACT PRACTICES: DONS We hire and train amazing Dons that students appreciate:

HIGH IMPACT PRACTICES: LLC The Co-op Living Learning Community aids students through the co-op process: Fall 2015 Oct 22 – Oct 30 data – Only Engineering Students (Eng N=671) Engineers who reported they are NOT in LLC: Engineers who reported they ARE in co-op LLC:

THE IMPORTANCE OF PERSONAL INTERACTIONS Not in LLC: In LLC:

CHOOSE YOUR OWN ADVENTURE

WATERLOO RESIDENCE FINANCIAL HIGHLIGHTS

Money management principles 98% of revenue from residence fees Designed to break-even financially. Including: Debt payments Capital renewal Must be financially sustainable over time Not a profit-centre for the university University contributes no funds to residence

OCCUPANCY TREND BY TERM

Housing and Residences Budget

16/17 Capital Renewal Plans Focus is on V1 renewal of a house. –Pilot which may evolve into multi-year project –$2.3M project includes: Roof Windows Flooring Bathrooms Painting

Student Villages (2-term fee) 2016/17 $ Monthly $ Dorms: Single6, Interconnecting5, Double5, Suites: Single (4-bdrm suite)7, Minota Hagey (1-term fee) 2016/17 $ Monthly $ Single (dorms)3, Columbia Lake Village 2016/17 $ Monthly $ Single room – 1 term (2-bdrm townhome) 2, Single room – 2 terms (4-bdrm townhome) 5, bdrm - unfurnishedn/a1,241 UW Place (Suites) (2-term fee) 2016/17 $ Monthly $ Double Room (Beck Hall)5, Single room (2-bdrm suite) 6, Single room (3 or 4-bdrm suite) 6, Residence Fees

CHOOSE YOUR OWN ADVENTURE

NEW RESIDENCE BUILDING

NEW UW REZ OPENING SUMMER 2017

DESIGN VALUES Personal interactions The 3 rd place Personalizing the space Tried, tested & true infrastructure New Residence – Opening 2017

LOCATION AT UWP New Residence – Opening 2017

SITE PLAN New Residence – Opening 2017

COMMUNITY CENTRE New Residence – Opening 2017

FLOOR LAYOUT New Residence – Opening 2017

ROOM LAYOUT New Residence – Opening 2017

NRB SUSTAINABILITY HIGHLIGHTS Shadow LEED ® Silver Interior bike room ICF Exterior walls (R40 value) Building envelope 2% better than energy code Bedroom controlled heating/cooling Occupancy sensors to control lighting

CHOOSE YOUR OWN ADVENTURE

RESOURCES Slides after this one will only be shown if need in the Q&A portion

NO ONE FOCUSES ON (AND MEASURES) PERSONAL INTERACTIONS LIKE US

OUR FOUNDATION Own FY market Proximity Part of UW Decades of history Campus partners New residence Evidence Team culture

THE CHANGING LANDSCAPE Competition Need to market rez Aging buildings Mental health Speed of sharing info Online education Expectations rising Parental involvement

Student Housing Supply On-Campus Beds# beds available on-campus in Waterloo9,140 Low-rise Licensed Rentals# beds citywide in low rise rental units+11,225 Multi-Residential Beds # newly constructed beds in catchment area (since 2000) +11,760 Rental Charges # charges before the courts for operating rental property without a licence (assuming min. 1 rental bed per property) +500 Total Rental Beds Available# on- and off-campus beds32,625 Total Off-Campus Beds # licensed and new multi-residential beds and properties with rental charges 23,485 Source: Presentation to Waterloo City Council in June 2015

Student Housing Demand Total Undergraduate Enrolment # FT UG students at UW and WLU Waterloo campuses 35,616 Total Graduate Enrolment #FT Grad students at UW and WLU Waterloo campuses +4,433 Local Co-op Work Term Students # students working within driving distance+1,392 Non-tenant/Commuter Waterloo Students # students not renting in city, residing at home or traveling to campus-10,012 Total Potential Student Tenants # total Waterloo students less non-tenant/commuter students 31,429 Total Potential Off-Campus Tenants # total potential student tenants less on-campus beds22,289 Source: Presentation to Waterloo City Council in June 2015

Data Limitations Low-density rental numbers are citywide –Not all being rented by students –Not all low rise rentals are licensed Multi-residential beds outside catchment area and prior to 2000 are not included –Beds not tracked in BP system prior to mid-2008 Exact % of non-tenant/commuter Waterloo students not known Does not include potential future beds coming down stream