The K-W area in southwestern Ontario is one of the fastest growing and most economically solid areas in Canada. People thinking about moving to this community will find just about all advantages found in a larger city such as Toronto without the overly fast pace, extensive time spent commuting and high living expenses. For instance, while Kitchener-Waterloo real estate is currently considered one of the hottest real estate buys in Canada, Waterloo Region real estate selling prices are still a fair bit cheaper than in more populous cities such as Toronto, Mississauga or Ottawa.
The Region of Waterloo is conveniently located in the centre of Southern Ontario, about 70 mi or100 km from Toronto, 100 miles or 160 kilometers from the U.S. border at Buffalo, and 185 miles or 300 kilometers from the U.S. border between Windsor and Detroit.
The focal point of this part of Ontario is the Grand River which runs through its heart and has played a major part in the development of the region.
In the Canadian census of 2006, with 451,235 people, the Wateroo Region was the eleventh largest CMA in Canada. The Region includes the cities of Kitchener, Waterloo, and Cambridge as well as surrounding towns, villages and rural areas.
Kitchener is the largest community in the region and where the Regional Municipal government is headquartered. In 2006 the Kitchener's population was was a shade over 200,000. The City of Waterloo located adjacent to Kitchener has a population of just under 100,000. Waterloo also has in excess of 20,000 non-resident college and university students attending its universities and regional colleges. The two cities share a common border and by most local residents are usually referred to as Kitchener-Waterloo or K-W.
The city of Cambridge is located in the south eastern part of Waterloo Region and has a population of right around 120,000. Cambridge was formed in 1973 with the amalgamation of the cities of Galt, Preston, Hespeler and Blair. Many local people felt the merger was a "shotgun marriage" foisted upon them by the Province of Ontario.
Today The Region of Waterloo is one of the most dynamic and diverse regions of Canada because it has some of the best farm land in North America, two well respected Universities, a strong financial and insurance sector, numerous manufacturing plants and a flourishing high tech sector anchored in enterprises like Research in Motion and numerous spinoff businesses from the University of Waterloo and Wilfrid Laurier University.
Families thinking about moving into the Waterloo Region will find excellent job opportunities, a diversified cultural life, and schools that are second to none. K-W real estate is also quite a bit cheaper than similar properties in other nearby cities such as Toronto.
The fact is, residents and businesses in Waterloo Region have an enviable combination. They have the advantages of living in a smaller urban area along with the considerable amenities of major urban centres such as Toronto, Mississauga, London and Detroit.
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