I don't know Waterloo's situation but I know that money for new buildings is largely decoupled from need for capacity and is mainly tied to government make-work

I don't know Waterloo's situation but I know that money for new buildings is largely decoupled from need for capacity and is mainly tied to government make-work projects. I remember during the 2008 "economic action plan" universities got all kinds of buildings. It was entirely because the government was giving free money away to stimulate growth.