One of Canada’s strongest business focused cities, Cambridge sits at 6th place as one of the most business-friendly cities in the small city category. Cambridge has attracted businesses, both large and small, to its diverse location helping the economy and population grow. The Economy stays strong with a solid average income and stable job market. The expansion of the community has resulted in growth of in-migration and will bring with it a growth in business in the air.
According to REIN (Real Estate Investment Network) Canada, Cambridge and waterloo has strong investment potential and high demand for housing due to the economic growth in the tech-sector. The young millennial population who are choosing to stay and work in the local tech sector (rather than emigrate to nearby cities) is a key investment driver in Cambridge.
Importance of Universities:
With a continuous influx of students, the city’s rental demand remains stable.
University of Waterloo: Over 60 masters’ programs, world leader in design and development of computer software, leader in environmental teachings, World-renowned school of architecture located in downtown Cambridge. Over 31K graduate students and over 5K graduate students.
Wilfred Laurier university: Specializing in arts and social sciences, music, science, social work, education and theory. Largest business co-op program in Canada and first university in Canada recognized for their benefits in volunteering and leadership. With over 19K students.
- Being a part of Southwest Ontario Development Fund plans, Cambridge can see an increase in minimum wage, better working conditions, free tuition for hundreds, better child care…
- Right on highway 401 for ready access to markets and major metropolitan areas, within 50-130 KM to Toronto, including the crossing of Niagara Falls/ Buffalo boarder
- Alongside Grand River, A Canadian Heritage River
- Population is expected to grow 23%,
- One of the highest Employment rates
- GO Train line connecting to Toronto, with the number of trains increasing every year
- LRT, access to 401 and Conestoga Parkway