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Kitchener-Waterloo A Vibrant And Diverse Area
The K-W area in southwestern Ontario is one of the fastest growing and most economically advantaged regions of Canada. People looking at relocating to this region will find all the important advantages found in a larger city like Toronto without the very fast pace of life, long daily commutes and extravagant living expenses. For instance, while Kitchener-Waterloo real estate is currently considered one of the hottest purchases in Canada, Waterloo Region real estate prices are still quite a bit lower than in larger cities such as Toronto, Mississauga or Ottawa.
The Regional Municipality of Waterloo is conveniently located in the centre of Southern Ontario, about 70 miles or 100 kilometers from Toronto, 100 miles or 160 kilometers from Buffalo, New York, and 185 mi or 300 km from Detroit, Michigan.
The main geographical feature of this part of Ontario is the Grand River which runs through its heart and has played a major part in the way the region has developed.
In the 2006 census, the population of Waterloo Region was just over 450,000 and it was the 11th most populous 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 municipality in the region and the seat of the Waterloo Regional Municipality. In the census of 2006 the population of Kitchener was was just under 205,000. The City of Waterloo located adjacent to Kitchener has a population of just under 100,000. Waterloo also has more than 20,000 non-resident post-secondary students attending classes at its two universities. The two cities are located side-by-side and by most local residents are usually referred to as Kitchener-Waterloo or K-W.
The city of Cambridge is located in the southern part of Waterloo Region with a population of just over 120,000. Cambridge came into existence in 1973 by the amalgamation of the cities of Galt, Preston, Hespeler and Blair. Many local people felt the merger was a "shotgun marriage" pushed on them by the Province of Ontario.
In the first decade of the new millenium Waterloo Region is among the most vibrant and diverse regions of Canada because it has some of the best farm land in Ontario, two well respected Universities, a very stable financial industry, diversified industrial production and a flourishing high tech sector anchored in enterprises like Research in Motion and numerous spinoff businesses from the region's two univeristies.
Families thinking about settling in the Region will find many varied employment opportunities, a diversified cultural life, and schools that are second to none. K-W real estate is also quite a bit cheaper than similar homes in other nearby cities such as Toronto or Ottawa.
Indeed, people living in Waterloo Region have the best of both worlds. 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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