Mr. Toby Chu reports

GEC(R) KINGSWAY STUDENT HOUSING OPENS FOR RENTAL REGISTRATION

On-line registration is now open Global Education Communities Corp.'s 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 GE Kingsway

GEC Kingsway is located at 4589 Gladstone St. (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 eight-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 per cent, 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 Global Education. "We are pleased to offer our rental alternatives to students compared to conventional condo and basement rentals or homestay families. Our properties are well structured, with strictly enforced housing policies,and various levels of affordable rental rates. GEC Kingsway has air conditioning throughout the property, weekly maintenance to ensure cleanliness, an onsite caretaker, and over 60 surveillance cameras mounted in all public areas. All GEC properties are fully furnished with fibre optic Internet. Our fully furnished suites allow students to move in and out without the stress of securing furniture and then disposing of it after completing their education."

About Global Education Communities Corp.

Global Education is one of Canada's largest education and student housing investment companies focused on the domestic and global education market since 1994. Global Education operates business and language colleges, student-centric rental apartments, recruitment centres and corporate offices at 40 locations in Canada and abroad.

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