Are you interested in owning property in Kitchener-Waterloo? Great Choice. We know you want to make sure you are making the right decision. Investing in real estate is a big step. You are going to invest a significant chunk of your hard-earned money. Therefore, we have compiled a list of reasons you should buy real estate in Kitchener Waterloo. The Waterloo region is a fantastic place to live and work. Continue reading to learn why Kitchener-Waterloo is among the top spots to invest in real estate.
Economical Place to Buy a Home
Compared to the greater Toronto area (GTA) and nearby suburbs, purchasing a house in the Kitchener-Waterloo region is significantly less expensive. Properties in Kitchener are 20-30% cheaper. While the cost of living here is relatively low compared to other cities, it consistently ranks among the high-income areas of Ontario.
Better Quality of Life
Kitchener-Waterloo is experiencing consistent and rapid growth in the region. The population is not dense like other metropolitans, but all urban facilities are available here. Several residential neighbourhoods are centred on large parks and other green areas, which binds them together and makes them desirable places to live.
Robust Economic Development
This region hosts various tech players such as Shopify, Applyboard, Vidyard, D2L and Google. Kitchener-Waterloo area is home to 22% of Canada's rapidly growing tech companies. Along with a thriving IT sector, the region has developed insurance, banking, education, and manufacturing sectors hosting prestigious businesses like Toyota, Sunlife, and Manulife.
An Ideal Location for Investment
Kitchener-Waterloo location is ideal for investment. It is conveniently adjacent to HWY 401 and about an hour from the Greater Toronto Area (GTA). Accessing the nearby regions will soon be convenient after a significant transit hub linking the region to Toronto directly through the Go Train. With the iON LRT's completion, Kitchener-Waterloo's transportation system has recently undergone significant enhancements. Additionally, the transportation minister has declared that two-way, continuous GO trains will run between Kitchener and Toronto by 2024.
Kitchener area offers accessibility to top educational institutions, including the University of Waterloo, Laurier University, and Conestoga College, among many others. Furthermore, facilities of the highest calibre that support technological, creative, and cultural advancements are frequent in the area. Many of these graduates remain in the Kitchener-Waterloo area due to employment prospects. This brings us to the next point that clarifies why buying rental property in the Waterloo region is also a great option.
Best Quality Tenants
A sizable IT ecosystem offers more AAA tenants in Kitchener. These white-collar workers work from home more frequently due to the COVID-19 altered working conditions. These people are looking for bigger homes that offer extra space without too much expense outside the greater Toronto area. These people are well-educated professionals with a great profile that you can trust. Payment defaults and property damage are the two main worries that landlords have. However, the background of the professionals we rent shows that we increasingly see high-earning, highly skilled tenants with more stable employment.
Hire Mike Bolger
Hire a real estate agent in Waterloo and the surrounding areas, Mike Bolger is an expert in the Kitchener-Waterloo community. Mike Bolger has the best property knowledge and experience to help you choose and buy an ideal property in Kitchener-Waterloo.