Kitchener-Waterloo area will see tremendous population growth
of 52% with projected job growth of 32%.
Homes to 2 World Class Universities attracting
the world's best brains to the area and transforming them
to be Canada's future leaders.
The University of Waterloo has 36,670 students enrolled
with Wilfrid Laurier University enrolls 20,151 students yearly.
High Tech Industry
Home to Google, Microsoft, Shopify, and over 2,700 tech startups.
This area is known as silicon valley north. 8,400 tech jobs
were added from 2011-2016. Large tech companies are attracted
by world-class talent being produced
by the nearby University of Waterloo.
Rental Growth
Rental rates in Kitchener appreciated at the 2nd fastest rate
in Canada! Rental rates grew by 15% last year alone.
The demand is the strongest for new condos in the downtown core.
Transportation
The new ION Light Rail Train, which is the first
of it's kind outside Toronto, is now open.
An $868 million investment it now spans
19 stations connecting all of Kitchener-Waterloo.
Connecting local transit to Go trains
and buses. $1.2 Billion invested
in Kitchener corridor Go Train Line.
First-Mover Advantage
Strong growth in demand In Kitchener has created vacancy rates
of condos downtown of only 0.7%. The strongest growth
is renters with a household income of $80,000 and over.
Strong real estate price growth of 20% year over year
due to increased demand. Kitchener needs more affordable options
such as condominiums. This condo will be an attractive option
for young professionals in the downtown core.