The Future Is Here!
The prices of houses in Waterloo Region are soaring and are expected to continue to rise. An influx of Toronto area buyers, who want to live and invest in a quiet and peaceful town are driving the prices up. Coupled with low borrowing rates, a booming local economy and the highly anticipated Light Rail Transit is making the region a hotspot for real estate.
The Incredibly high prices in the Toronto market are causing the spill over effect to the communities within its commuting distance, a prime example being the Waterloo Region. High demand, coupled with low availability is leading to multiple offers on properties thus causing a real competition to enter the market. In particular, in properties under 450,000 we are seeing an incredible lack of inventory. The end of 2017 saw a 24% increase in demand as compared to 2016. If you still aren’t convinced and need a reason to consider moving to Kitchener Waterloo, read on!
Location
Life is good when you have the joys of a small-town life with big town amenities. Toronto is commutable from the region, making it a convenient choice for people who want the best of both worlds. Waterloo is surrounded by breathtaking natural wonders; be it the majestic Niagara Falls, Elora Gorge or further north cottage country. Also, did I forget to mention that Grand River here is one of the best managed waterways? See for yourselves!
Work and Play
The city is home to three quality education institutions, University of Waterloo, Wilfrid Laurier University, and Conestoga College which makes it a good destination, both for living and investing due to opportunity of student rentals and a continual influx of young talent. The region also has 3000 acres of parks and 22 golf courses along with more than 60 art and cultural galleries and accompanying festivals. Pearson International is an hour’s drive, thus contributing towards the easy accessibility of the city. There is also Waterloo Region airport depending on your destination. It has a little something for everyone!
It’s all about Money, Honey!
Kitchener-Waterloo has a low unemployment rate with over 500 tech companies in the region including Google, Blackberry, Communitech and Shopify. The region is being fancied as the Silicon Valley of the North with the highest success rate for technology companies. There are opportunities to collaborate with NGO’s, tech companies or just venture into your own start up with the best minds from the top universities at your aid. Pack your bags and live your dream!
Diversity
The area offers both – Urban and country living with suburban neighbourhoods and new buildings in the downtown core. The region is also ranked 5th in terms of ethnic diversity, which means amazing food from all over the world. A multicultural and welcoming community with hot jobs and a beautiful setting; What more does one desire?
If you want to sell, this would be the time to get excellent return on your property and if you want to buy, the market is yours to choose from!! Welcome to Waterloo Region.
By: Gursimran K. Saini
Sources:
- http://www.cbc.ca/news/canada/kitchener-waterloo/the-highs-and-lows-of-waterloo-region-s-real-estate-market-1.4465228
- https://www.therecord.com/news-story/7268774-waterloo-region-home-buyers-pushed-to-the-brink/
- http://www.life-in-kw.com/moving-kw/
- http://www.waterloo.ca/en/visiting/topreasonstolivehere.asp
Image Source
- https://www.flickr.com/photos/area256/6845707190