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K-W Property A Bargain
The K-W area in south central Ontario is one of the fastest growing and most economically advantaged regions of Canada. People looking at moving to this area will find virtually all the advantages you are likely to find in a larger city like Toronto without the very fast pace, extensive time spent commuting and expensive living expenses. For example, while Kitchener-Waterloo real estate is currently considered one of the hottest purchases in Canada, Waterloo Region real estate prices are still quite a bit cheaper than in more populous cities such as Toronto, Mississauga or Ottawa.
Waterloo Region is conveniently located pretty much in the centre of Southern Ontario, about 70 miles or 100 kilometers from Toronto, 100 miles or 160 kilometers from Buffalo, New York, and 185 miles or 300 kilometers from Detroit, Michigan.
The focal point of this part of Ontario is the Grand River that runs through its heart and has played a major part in its historical development.
In the census taken in 2006, with 451,235 people, the Wateroo Region was the 11th largest CMA in Canada. The largest cities in the Region are Kitchener, Waterloo, and Cambridge as well as surrounding towns, villages and rural areas.
Kitchener is the largest city in the region and the seat of the Waterloo Regional Municipality. In 2006 the Kitchener's population was 204,6682. The City of Waterloo located right next to Kitchener has a population of just under 100,000. Waterloo also has more than 20,000 non-resident post-secondary students attending its two universities. The two cities actually abut each other and by most local residents are typically called Kitchener-Waterloo or K-W.
The city of Cambridge is located in the southern part of Waterloo Region with a population of right around 120,000. Cambridge came into existence in 1973 with the amalgamation of the municipalities of Galt, Preston, Hespeler and Blair. Many local people felt the merger was a "shotgun marriage" forced on them by the Province of Ontario.
In the first decade of the new millenium The Region of Waterloo is one of the most dynamic and diverse areas in Canada because it has some of the best farm land in Canada, two well respected Universities, a very stable financial and insurance industry, numerous manufacturing plants and a flourishing high tech sector centered around Research in Motion and numerous spinoff businesses from the region's two univeristies.
Families thinking about settling in the Waterloo Region will find many varied job opportunities, a diversified cultural life, and unmatched educational facilities. K-W real estate is also quite a bit cheaper than similar homes in other nearby cities such as Toronto or Ottawa.
The fact is, people living in Waterloo Region have an enviable combination. They have the advantages of living in a smaller urban centre along with the considerable amenities of major urban centres such as Toronto, Mississauga, London and Detroit.
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