Reasons to Invest in Waterloo

Reasons to Invest in Waterloo

August 24, 2020

It is no secret that Waterloo’s potential is endless. It meets every point on the list of what makes a location a smart choice for real estate investment. With a growing population, a number of well-respected post-secondary institutions, a thriving workforce, and incredible infrastructure, Waterloo is showing no signs of slowing down in the race to the top. So why exactly is Waterloo the best place to make an investment?

  1. Waterloo is the fourth largest community in Ontario, with a population of approximately 601,200 people. It is a diverse community, and thanks to Wilfred Laurier University, University of Waterloo, and Conestoga College, it attracts young people from all over Ontario.

  2. The economy in Waterloo is prosperous, with $27B GDP and an unemployment rate of only 5.5%. Overall, the median household income in Waterloo is higher— not only compared to the GTA, but to Ontario as a whole.

  3. With big names like Google, Blackberry, and Shopify putting roots down in Waterloo, the region has earned itself the spot of 3rd fastest tech opportunity market in North America, according to the CBRE.

  4. Living along the Highway 401 corridor makes Waterloo undeniably convenient, and so does living within 2 hours of 4 different International Airports including the Region of Waterloo International Airport and Toronto Pearson International Airport.

  5. When it comes to real estate, Waterloo is thriving! According to the Canadian Real Estate Association, the average annual residential real estate appreciation is 11%.

  6. There was a 26% increase in rent between 2015 and 2019 according to the CMHC.

  7. To match the low unemployment rate, there is an impressively low vacancy rate in the region. The City of Waterloo reported only a 1.6% vacancy rate in 2019 according to the CMHC.

  8. There is a stunningly low land transfer tax of only 0.4 for first time homebuyers and 1.3% for repeat homebuyers.

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