KW Region Stats

KW Region

KW Region Stats

Urban cities in Canada have never been busier and show no signs of slowing down. Overtaking even Toronto’s growth rate of 6.5 per cent over 5 years, the Kitchener-Waterloo-Cambridge area is the fastest growing region in the country. With more than a 9.5 per cent growth rate over 5 years, the metropolitan area is on the rise and shows no signs of slowing down. 

Factors contributing to Waterloo’s growth include economy, post-secondary institutions, and the city’s affordable cost-of-living. Not only that, but Waterloo is currently in the midst of a multibillion-dollar development boom with $1 billion focused in the Kitchener core and another $1 billion being spent across the region. Included in the new developments are six 20+ story towers and three new office towers providing 387,000 square feet of office space. In addition to Google, Toyota, and SAP, Canada’s three fastest-growing tech companies are all located in the heart of the city as well. 

It’s quite easy to see the driving force behind the city’s growth rate once you take a closer look at the region’s success. With world-class post-secondary institutions, a growing economy, a well-developed transit system, and a cost-of-living lower than Toronto, it’s harder to justify not moving. 




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