I think I've seen some nice street level photos of that area shared recently here. But the above pics (and the smokey weather doesn't help) make the area look gloomy - as if the Waterloo student towers were clearcut leaving wood frame construction stumps. It's definitely a more affordable way to build with less risk, but it could really do with a better mix of styles, height and variety - but not expecting or saying Vancouver or UBC style housing towers would be the answer here either.
As for the Winnipeg renderings of Southwood Circle, quite nice overall, more aspirational and may not come to pass but I like the concept.
Near the University of Victoria there is also an increase of six-storey wood frame construction. I don't mind it mixed in but would not want an ocean of them, unless there was significant variety and high design/build quality.

The Podium under construction with University Heights in the background - Feb 14, 2026 by
JohnnyJayEh, on Flickr

University Heights - September 3, 2025 by
JohnnyJayEh, on Flickr
Across the street from University Heights is Podium:
UVic is also planning to develop a mixed used neighbourhood called
Cedar Hill Corner.
The plans are based on UVic's 2023 Real Estate Strategy which states the "the primary purpose is to contribute to a vibrant and distinct campus community, while generating long-term revenue for the university." Southwood Circle at the University of Manitoba and UniverCity at Simon Fraser University are both referenced as case studies by UVic.
UVic is overlapped by the municipalities of Oak Bay and Saanich, the latter r
ecently rejected on a technicality a 349 unit rental project next to the university while complaining of a provincial funding delay for a 17-storey student tower at UVic.

Housing Proposals near UVic by
JohnnyJayEh, on Flickr