Waterloo Region Houses A Good Deal

The Waterloo Region in south central Ontario is one of the fastest growing and most economically advantaged areas in Canada. People thinking about relocating to this community will find all the important big city opportunities you are likely to find in a larger city like Toronto without having the overly fast pace of life, extensive time spent commuting and extravagant cost of living. For example, while Kitchener-Waterloo real estate is currently considered one of the hottest purchases in Canada, Waterloo Region real estate selling prices are still a fair bit lower than in more populous cities such as Toronto, Mississauga or Ottawa.

The Regional Municipality of Waterloo is strategically located pretty much in the centre of Southern Ontario, about 70 miles or 100 kilometers from Toronto, 100 miles or 160 kilometers from the U.S. border at Buffalo, and 185 mi or 300 km from the U.S. border between Windsor and Detroit.

The main geographical feature of the Region is the Grand River that runs through its heart and has played a major part in the way the region has developed.

In the census taken in 2006, the Region's population was a bit more than 450,000 and it was the eleventh most populous census metropolitan area 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 municipality in Waterloo Region and where the Regional Municipal government is headquartered. In the 2006 census the Kitchener's population was was just under 205,000. The City of Waterloo situated right next to Kitchener has a population of just under 100,000. Waterloo also has more than 20,000 seasonal college and university students registered at its universities and regional colleges. The two cities are located side-by-side and together are typically called Kitchener-Waterloo or K-W.

The city of Cambridge is located in the southern part of Waterloo Region and has a population of just over 120,000. Cambridge was formed in 1973 by the merging of the municipalities of Galt, Preston, Hespeler and Blair. Many local people felt the merger was a "shotgun marriage" pushed on them by the Province of Ontario.

Today The Waterloo area is one of the most vibrant and fastest growing areas in Canada because it has some of the best farm land in Ontario, two well respected Universities, a strong financial sector, diversified industrial production and a burgeoning high tech sector centered around Research in Motion and numerous spinoff businesses from the region's two univeristies.

Families thinking about moving into the Region will find excellent employment opportunities, an exciting and varied cultural life, and unmatched educational facilities. K-W real estate is also quite a bit cheaper than similar homes in other major cities such as Toronto.

Indeed, residents and businesses in Waterloo Region have the best of both worlds. They have the more friendly and pleasant atmosphere found 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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