Business
GEC(R) Kingsway Student Housing Opens for Rental Registration
VANCOUVER, BC / ACCESSWIRE / September 4, 2024 / Global Education Communities Corp. (" GECC " or...
About this update from Global Education Communities Corp
[{"type":"text","content":"GEC(R) Kingsway Student Housing Opens for Rental RegistrationVANCOUVER, BC / ACCESSWIRE / September 4, 2024 / Global Education Communities Corp. (\"GECC\" or the \"Company\") (TSX:GEC)(OTCQX International:GECSF) is pleased to announce that online registration is now open for GEC® Kingsway, the 16th GEC® branded student rental building. GEC® properties provide safe, clean, convenient, and comfortable accommodation to students coming to study in Metro Vancouver.About GEC® Kingsway:GEC® Kingsway is located at 4589 Gladstone Street (corner of Kingsway and Gladstone), Vancouver, B.C. GEC® Kingsway will accommodate nearly 300 beds, with amenities including a fitness centre, student lounge, roof deck patio, and underground parking. Customary to all GEC® branded properties, GEC® Kingsway will be fully furnished with beds, sofas, dining room tables and chairs, kitchen utensils, bedding supplies, fibre optic internet, monitored surveillance, all utilities included, weekly housekeeping and resident caretakers. GEC® Kingsway offers several levels of long-term accommodations and pricing, ranging from affordable economy to premium units with an expansive view, fully furnished and air-conditioned.GEC® Kingsway is on a main thoroughfare, approximately an 8-minute walk to the Nanaimo SkyTrain station and 10-minute ride to downtown Vancouver, where hundreds of public and private institutions are located. In addition, GEC® Kingsway is near the geographical centre of Vancouver, with easy access to Metrotown and BCIT in Burnaby and Vancouver Community College on East Broadway. Public transit is conveniently located in front of the property, with easy access to the Vancouver International Airport, the City of Richmond, and the University of British Columbia, which is located on Vancouver's west side.\"Metro Vancouver's rental vacancy rate is at a record low of 0.9%, according to CMHC's February 2024 rental report. The situation is causing tremendous stress to local residents and on out-of-town students, both domestic and international, coming to study in Vancouver,\" commented Toby Chu, President, Chairman and Chief Executive Officer of GECC. \"We are pleased to offer our rental alternatives to students compared to conventional condo and basement rentals or homestay families. Our properties are w...