K-W Property A Good Deal
The Kitchener-Waterloo area in southern Ontario is among the fastest expanding and most economically stable areas in Canada. People thinking about relocating to this area will find virtually all the advantages one finds in a bigger urban area like Toronto without having the overly fast pace of life, long daily commutes and expensive overhead. For instance, while Kitchener-Waterloo real estate is thought to be one of the most coveted purchases in Canada, Waterloo Region real estate selling prices are still a fair bit lower than in larger cities such as Toronto, Mississauga or Ottawa.
Waterloo Region is found near the centre of Southwestern Ontario, close to 70 miles or 100 kilometers from Toronto, 100 miles or 160 kilometers from the U.S. border at Buffalo, and 185 mi or 300 km from Detroit, Michigan.
The focal point of the Waterloo Region is the Grand River running through many of the areas towns and cities and has been extremely important in its historical development.
In the Canadian census of 2006, the Region's population was a bit more than 450,000 and it was the 11th largest metro area in Canada. The major cities in the Waterloo Region are Kitchener, Waterloo, and Cambridge and it also includes numerous smaller towns and villages as well as a large and prosperous rural area.
Kitchener is the biggest city in Waterloo Region and where the Regional Municipal government is headquartered. In the 2006 census the population of Kitchener was 204,6682. The City of Waterloo located beside Kitchener has has just under 100,000 residents. In addition Waterloo has more than 20,000 seasonal college and university students registered at its two universities. The two cities actually abut each other and as a unit are often called Kitchener-Waterloo or K-W.
Cambridge, the other major city in the area is found in the southern part of Waterloo Region and has a population of just over 120,000. Cambridge came into existence in 1973 with the amalgamation of the towns of Galt, Preston, Hespeler and Blair. Many local residents resisted this amalgamation, considering it a "shotgun marriage" forced on them by the Province of Ontario.
Today The Waterloo area is among the most dynamic and diverse regions of Canada with some of the best agricultural land in Canada, two well respected Universities, a strong financial industry, numerous manufacturing plants and a rapidly expanding high tech sector anchored in enterprises like Research in Motion and other spinoff companies from the region's two univeristies.
Families thinking about moving into the Region will find many varied job opportunities, a diversified cultural life, and schools that are second to none. K-W real estate is also considerably less expensive than similar homes in other major cities such as Toronto.
Indeed, people living in Waterloo Region have an enviable combination. They have the advantages of living in a smaller urban area while being ideally situated to take advantage of the amenities of larger cities such as Toronto, Mississauga, London and Detroit.
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