By Condo Culture
What is it about the Waterloo Region and what makes it so great? Are we simply proud to call Kitchener-Waterloo our home because we’re born and raised in this fast-paced and growing community, or is there more behind it? If you can invest anywhere in Ontario, why would you choose Waterloo and its surrounding areas?
Waterloo.ca shared an article that capitalized on the fundamentals of the city and where it’s headed, “it started with a community, an ever-growing accumulation of technology expertise in business and academics approaching critical mass. It evolved to a need, a desire for a place to voice and share the ups and downs - the joys and heartaches of a new sector's rise. When the need for a common sounding ground became acute, a group of CEOs from the tech community gathered together to conceptualize a vision of what they wanted. That vision became today's Communitech. After a decade of tremendous growth, Communitech moves into decade number two committed to the spirit of their beginnings. In everything they do, their response is based on delivering what the tech community needs in the ways that make sense. What does that mean? A lot of listening and a lot of action.” They also shared that in addition to a low unemployment rate and a GDP of $21.5 billion of which $13 billion arises from the tech sector, the region is - simply put - a great place to live.
Waterloo EDC calls the city diverse, innovative, collaborative and entrepreneurial, also mentioning that world-leading companies from BlackBerry, to Microsoft, to Google, to Toyota, tap into this resource with direct hires, as well as by leveraging considerable R&D capability in the Region. Outstanding post-secondary educational options supplies the constant regeneration of the talent feedstock, and the spin-off of new companies leveraging intellectual property generated in the Region's academic institutions. The University of Waterloo consistently leads Canadian University Reputational Rankings, is Canada's most innovative university, and has a world-renowned Faculty of Computer Science and Engineering (gulp!) And while Wilfrid Laurier University is a hub for excellence in business, economics, music, and graduate studies, Conestoga College Institute of Technology and Advanced Learning has been Ontario's top-ranked College nine of the last 10 years! (Okay, we get it, Waterloo folks are talented and SMART!)
Now let’s get into real estate investing and why you’ll be glad you put your money into the Region. The area offers urban and country living. Waterloo, Kitchener and Cambridge are 3 locations with strong urban cores. We love focusing on urban living, where trendy lofts, revitalized warehouse districts and new buildings in downtown cores are constantly booming. One of many great examples is our CIRCA 1877 project, a Waterloo condominium development that’s far from ordinary. With rooftop pool and cabanas, an outdoor bar and BBQ area, indoor bar and residents lounge, co-working space, a stunning and large lobby, and gorgeous units, this project caters to a true urban dweller and investors dream!
So why is KW a sweet community to consider as your next investment? This one is for all of our Condo Culture stat lovers (we know you’ll love this!) Last year, Canadian Real Estate Wealth hosted two polls; the first one asking readers which province offers the best investment opportunities, and the second asking which specific Ontario market provides the best opportunities. Exactly 50% of readers agreed Ontario (woohoo) offers the best investment opportunities, followed by British Columbia at 21%, and Alberta at 10%. When it came down to the Ontario market, 22% agreed that Kitchener-Waterloo is the best place to invest. The GTA followed behind at 16%, and Hamilton at 15%.
For more than a handful of great reasons, KW is and continues to be a one of the most innovating and fastest growing regions in Ontario. If you have some questions or would like to discuss potential investment opportunities with our trusting sales team, visit your nearest CC location and we’ll be more than happy to share some valuable information with you.
Have a fabulous Friday!
Sources: https://www.canadianrealestatemagazine.ca/news/what-market-is-the-best-to-invest-in-219774.aspx http://www.waterloo.ca/en/visiting/topreasonstolivehere.asp http://www.waterlooedc.ca/en/Why-Invest-in-Waterloo-Region.asp
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