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K-W Real Estate A Bargain
The Waterloo Region in southwestern Ontario is right there with the fastest expanding and most economically advantaged areas in Canada. People considering relocating to this district will find just about all big city opportunities found in a more populous urban area like Toronto without having the hyper fast pace of life, daily time spent in traffic jams and high cost of living. For instance, while Kitchener-Waterloo real estate is clearly one of the most coveted purchases in Canada, Waterloo Region real estate selling prices are still considerably lower than in bigger cities such as Toronto, Mississauga or Ottawa.
The Region of Waterloo is strategically located in the centre of Southwestern Ontario, close to 70 miles or 100 kilometers from Toronto, 100 miles or 160 kilometers from Buffalo, New York, and 185 mi or 300 km from the U.S. border between Windsor and Detroit.
The focal point of the Region is the Grand River which runs through the entire region and its major cities and has been extremely important in its historical development.
In the 2006 census, the Region's population was a bit more than 450,000 and it was the eleventh largest census metropolitan area in Canada. The Region includes the cities of 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 the seat of the Waterloo Regional Municipality. In the 2006 census the the number of people in Kitchener was was a shade over 200,000. The City of Waterloo situated adjacent to Kitchener has has just under 100,000 residents. In addition Waterloo has more than 20,000 seasonal post-secondary students registered at its universities and regional colleges. The two cities share a common border and together are usually referred to as Kitchener-Waterloo or K-W.
Cambridge, the other major city in the area is found in the southern part of Waterloo Region with a population of just over 120,000. Cambridge was formed in 1973 with the merging of the cities 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.
In the first decade of the new millenium The Waterloo area is right up there with the most dynamic and fastest growing regions of Canada with some of the best agricultural land in Canada, two well respected Universities, a very stable financial sector, numerous manufacturing plants and a burgeoning high tech sector anchored in enterprises like Research in Motion and other spinoff companies from the region's two univeristies.
Families thinking about settling in the Region will find excellent job opportunities, an exciting and varied 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 or Ottawa.
Indeed, residents and businesses in Waterloo Region have an enviable combination. They have the more friendly and pleasant atmosphere found 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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