Why invest in Waterloo Real Estate?
Waterloo has been growing in a fast pace in the last years, specifically 6.25% which is higher than Toronto growth, its universities attract big companies to invest on young gifted minds. The city is considered an University town due to University of Waterloo which enrolls over 35,000 students, and is recognized as the most innovative university in Canada due to its researches. Engineering program is known as one of the best in the world, which attracts several international companies to the city.
The city is part of the Canada’s technology triangle in which Kitchener and Cambridge are part as well. Several big players in the market of many industries have come to the city attracted by the bright sector in engineering and technology. Some examples are Toyota in manufacturing industry, global high tech companies such as Open Text, Blackberry, Google, D2L among others.
This economic cycle gathering university with companies bring several opportunities for real estate due to new firms coming every year, also students looking for some place to stay during their program. Waterloo has one of the most attracting potential value in Southern Ontario in recent years.
City of Waterloo
Waterloo’s universities have an approximate influx of 50,000 students, it moves the economy and shapes the local culture as well. Many students after graduation tend to either work in companies nearby or to start their own businesses within the area. This culture has renowned the award for the World’s top intelligent community in 2007.
Government has recognized its importance in economy and is investing in several development projects to give infrastructure to the fast paced growth. Light Rail Transit system which will connect Waterloo, Kitchener and Cambridge, more condos and buildings will be built in the area to support the city as well.
King Street is the major road linking Waterloo, Kitchener and Cambridge. Using this road makes commuting very fast and easy. Grand River Transit is the public transit company that operates in the city connecting to its neighbours as well. Waterloo is also near Ontario Highway 401 which connects to major cities in Ontario and North America.
The city has been developing a major upgrade on its public transit system with ION rapid transit network which will connect northern Waterloo with southern Kitchener on its first phase. Phase 2 is intended to include Cambridge as well.
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