Do you have the Kitchener-Waterloo region on your radar? You might want to take that a bit more seriously. With recent developments, investment capital and announcements about the region, it’s taking a step up and is becoming the region to be in.
High-tech enterprises, major employers and world-renowned universities are some of the reasons the Kitchener-Waterloo (KW) region boasts such high demand. Here are top 5 reasons why we think you should invest in KW:
Minutes away from a growing technology and innovation district
The Kitchener-Waterloo region is recognized as a world-renowned high tech cluster, and is one of Canada’s most intensive manufacturing communities. It is also home to the headquarters of some of the country’s largest insurance and financial companies, and startup businesses on the cutting edge of innovation.
Close to University of Waterloo and Wilfred Laurier University
The region boasts schools that house some of the most academically sought after students in North America. The University of Waterloo and Wilfred Laurier University are home to one of the best places in the world to build a technology company. It’s where investors want to be, and where students want to grow their businesses.
Within kilometres of the proposed LRT and connected transit
The Region of Waterloo rapid transit system will connect the three major urban centres of the Cities of Cambridge, Kitchener and Waterloo. Ontario has recently committed $43 million to Waterloo Region Transit Hub and all-day GO service. This will have an impact on the economy, creating jobs and strengthening the city and communities.
Driven by a diverse, innovative, collaborative and entrepreneurial spirit
Economic diversity is a defining characteristic of the region. With access to over five million people within a 100 km radius and 158 million people within one day’s drive, the Waterloo Region benefits from its proximity to the U.S. market and is supported by state-of-the-art transportation and logistics. The Toronto-Waterloo Region Corridor is a 100km stretch; the second largest technology cluster in North America.
Affordability persists and remains an attractive factor in comparison to Toronto
Kitchener-Waterloo is much more affordable than nearby cities, whether it’s for investment, or it’s your place to call home. In May 2015, the average price of a residential dwelling in Kitchener-Waterloo was around $350,000 compared to $650,000 in the GTA. Average prices are continuously 0n the rise, but now’s the best time to invest!
Think you’ll invest in Kitchener Waterloo? Team Kaur has many different builders we can introduce you to with special incentives to make your investment worthwhile. Get in touch or subscribe to our mailing list here.