Like other Ontario universities, Â鶹¹ÙÍø's is experiencing growing financial pressure due to several factors:
- A 2019 provincial tuition cut and ongoing freeze for Ontario students has cost the university an estimated $180 million as of Spring 2024.
- Â鶹¹ÙÍø’s has also experienced a decline in international student enrolment, which has further contributed to the budgetary strain.
- Additionally, the university is facing increasing costs due to inflation.
The numbers
Â鶹¹ÙÍø’s projects an operating deficit of $26.4 million. This figure marks a substantial reduction from the original deficit of $62.8 million announced two years ago, thanks to the collective efforts of our university community.
For the 2024-25 fiscal year, the university reported a projected operating budget deficit of $34.3 million, down from the initial projection of $35.7 million announced last May. The year’s finalized results will be published as part of the university’s audited consolidated financial statement in the fall 2025
Visit Â鶹¹ÙÍø’s Financial Services publications page for more information, including annual financial statements, annual budget reports, financial projects, and more.