Kitchener Waterloo Real Estate: Amazing Opportunities for Savvy Real Estate Investors

Kitchener Waterloo Real Estate: Amazing Opportunities for Savvy Real Estate Investors

By Condo Culture

Waterloo Region's population growth and continued lack of housing supply are creating amazing opportunities for savvy real estate investors. What makes Waterloo Region such an attractive place to live and invest?

This week we explore 5 of the top real estate investment fundamentals that set Waterloo Region apart from other markets.

Population Growth

Not only is this area one of the fastest growing communities in Canada, it’s also growing leaps and bounds beyond other cities in and around the GTA.

Between 2016 and 2021, Kitchener-Waterloo grew by almost 12% and between 1.4 and 5x the growth of cities throughout the GTA.

Population Growth in Kitchener Waterloo

Supply vs. Demand

Kitchener Waterloo is 1 of only 2 cities where population growth is exceeding available supply.

A recent study published by the University of Ottawa, showcased that Waterloo Region will need 70,800 homes to keep up with the population growth expected between now and 2031.

However, looking at new housing starts over the past 10 year period, the Region averaged 4,208 new homes per year which means this Region is expected to have a significant shortage of housing.

This shortfall will create upward pressure on housing pricing.

Housing Supply and Demand - Population Growth percent and New Dwelling Growth percent

Low Vacancy Rates

Vacancy rates for condominium or apartment style rental units in Kitchener were a mere 2%, less than Mississauga, the City of Toronto, and the City of Hamilton….. and by a significant margin.

Rental Rates in Kitchener Waterloo

Growing Rental Rates

Rent Rates in Kitchener-Waterloo continue to grow and compare favourably vs. markets across the GTA, especially relative to the areas more modest purchase prices and lower deposit required to secure a unit for investment.

This past month, Kitchener posted the highest month over month increases among these cities.

Growing Rental Rates in Kitchener Waterloo

Attractive Purchase Prices

Regardless of whether you look at other projects locally or across the GTA, the purchase prices at projects such as Station Park stand out as one of the best opportunities in the market right now. $95k-$165k less for comparable sized units being offered right now in Mississauga and $650-$1000 less per square foot than recently sold and active projects in Downtown Toronto.

Station Park - New development in Kitchener Waterloo

Compelling Facts About Waterloo Region That You May Not Know

Recent Waterloo EDC reports explored a number of intriguing facts that further showcase the strengths of living and investing in Waterloo Region.


Canada's 3 fastest growing tech companies operate in Waterloo Region (Applyboard, Intellijoint, Auvik Network.)

DUO At Station Park Tech Companies - Communitech

UWaterloo is home to the largest concentration of mathematics and computer science talent in the world.

University of Waterloo Engineering Building

Image Source: Perkins and Will

Waterloo Region has the fastest growing talent pool of millennial tech talent in North America.

Millennial tech talent in North America

The Opportunity

The shortfall in supply will create upward pressure on housing pricing.

Recent shifts in interest rates have led to lower prices on existing Resale inventory and opportunities to buy before prices climb again.

Pre-construction offers an opportunity to avoid the emotion of current market interest rates and buy into a market 3 to 4 years from now where there won’t be enough housing.

This is an ideal time for buyers and investors to be bold and fearless, and secure good value properties since the long-term prospects for price growth are exceptional in the Waterloo Region. Contact our team to start touring condos and find the perfect one to buy or invest in.

Duo at Station Park in Downtown Kitchener


We are a full spectrum condo brokerage and can handle any of your needs on the selling, buying, investing, or leasing side. We have expertise in resale properties, pre-construction opportunities, and assignments - leverage our REALTORS® deep condo experience to deliver the best results. Connect with us online or better yet, visit our Uptown Waterloo store at 191 King Street South to have an engaging conversation.

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