Waterloo Real Estate

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Waterloo, Ontario Area Page

Waterloo is a city within the Regional Municipality of Waterloo. This area is sometimes called the tri-city in reference to Cambridge, Kitchener and Waterloo that make up the municipality. Because of how close the cities of Kitchener and Waterloo are to one another, the area is often called Kitchener-Waterloo, though they remain independent cities. By itself, Waterloo has a population of 104,986 people according to the 2016 census. When compared with the 535,154 population of the overall municipality, Waterloo only makes up a small amount of the overall number. Waterloo has a reputation for a strong tech sector and several excellent post-secondary institutions.  

Waterloo, Ontario Real Estate

In the past few years, Waterloo has seen a dramatic increase in real estate sales. This is because a large number of new residents are ones that have left the Greater Toronto Area in favour of a quieter and more affordable city. While the demand has been at an all time high, the housing inventory has been unable to keep up. When a desirable home is listed, the interest and competition is high and it won’t stay on the market for long. For the purpose of collecting and sharing real estate statistics, Kitchener and Waterloo are considered together in determining the average price of a home in either city. By the end of 2020, the year-to-date average price of a residential property was about $612,000. This number comes from factoring in the average of the most expensive property type: detached at about $719,000, apartment-style condos at $391,000 and the average for townhouses and semi-detached homes at about $468,000.

Waterloo, Ontario Features

Festivals and Events in and around Waterloo:

●      Oktoberfest (Kitchener)

●      Christkindl Market (Kitchener)

●      Christmas in Cambridge

●      Downtown Kitchener Ribfest & Craft Beer Show

Highlights:

●      Laurel Creek Conservation Area

●      City of Waterloo Museum

●      Earth Sciences Museum

●      Waterloo Park

●      Wilfrid Laurier University

●      University of Waterloo

●      Conestoga College

●      Conestoga Mall

●      ION Light Rail Transit

Living in Waterloo, Ontario

Waterloo attracts residents who are looking for a new job, a prestigious program or just a chance of pace. People who choose Waterloo to be their home find a welcoming city with convenient public transit, engaging activities and lively local festivals. Waterloo also boasts a key location in southern Ontario. Waterloo is about 30 minutes southwest of Guelph, 25 minutes northwest of Cambridge and access to the 401 highway and a rough total of 50 to 55 minutes northwest of the core of Hamilton.

While transportation out of the Waterloo Region relies heavily on owning a vehicle, moving around Waterloo, Kitchener and Cambridge is a lot easier thanks to public transportation. A network of bus routes serves as the primary transit link while the ION light rail currently connects Kitchener and Conestoga Mall in Waterloo on a route that passes over both cities’ downtown cores.

Waterloo is also a great hub of education. The city is serviced by four main public boards: The Waterloo Region District School Board, the Waterloo Catholic District School Board, Conseil scolaire Viamonde and Conseil scolaire catholique MonAvenir. Of the four, the two English boards are the largest with the most schools in Waterloo and the higher student populations. Access to dedicated French-language schools is a huge perk for bilingual families and the Waterloo area has some of the best. As for post-secondary options, Waterloo is home to two major Ontario universities: Wilfrid Laurier University and the University of Waterloo. There are also Conestoga College campuses in Waterloo and in Kitchener for more work-oriented programs. All post-secondary institutions are well-connected to Waterloo’s various public transit offerings making them highly accessible for locals. 

If you are looking for a home in an innovative city that is always evolving, then consider taking your search to Waterloo, Ontario. Waterloo has plenty of options from student neighbourhoods, to more mature areas of the city and beyond to up-and-coming new construction as well. Search the extensive list of properties and explore everything that this great city has to offer! 

Gearing up to buy or sell a home soon in Waterloo? Contact Team GateKey at Contact Us
Team GateKey is here to help you navigate the Waterloo real estate market.

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