A new 'world-class' university is set to open in Ontario in the next two years

A new university is set to open in Niagara Falls in 2024. (GeorgeLouis/Wikimedia Commons)

A brand new university is set to open its doors to post-secondary students in southern Ontario in 2024.

The University of Niagara Falls Canada will be ready to welcome students in two years, now that it has gotten the green light from the provincial government.

"Our government is committed to supporting high-quality post-secondary education that provides workers with the skills they need for the jobs of today and tomorrow," Minister of Colleges and Universities Jill Dunlop said.

It will offer small class sizes, “first-class” student supports, and Global University Systems Canada, the operator of the university, says the university will provide students “with the knowledge and skills needed to excel in the 21st-Century workforce.”

Students will also get to choose between in-person, online, and hybrid-style classes.

So far, it has been granted approval to offer the following five programs:

“This is a massive windfall for the City of Niagara Falls,” Mayor Jim Diodati said in a news release.

“If there was one thing on my bucket list that we had still yet to do in a big way in our community, it was this. It has been a long road behind the scenes, with many challenges, but today makes it all worthwhile.”

Economist Dr. Roslyn Kunin says the university is expected to generate $291 million in Gross Domestic Product, $194 million in labour income, and $23 million in government tax revenue on a yearly basis.