he twin cities of tracts of land from the natives.
Kitchener and Waterloo are These lands became the basis of
located in the region of large productive farms, and
Waterloo in Ontario, Canada. Also eventually the cities of
including the neighbouring city Kitchener, Waterloo and
of Cambridge, this region has one Cambridge.
of the most prosperous and most
vibrant economies in Canada, with The majority of these early
one of the highest standards of settlers were Mennonite families
living and lowest unemployment with a distinctive "old order"
rates in the entire country. way of life. The area around
Elmira and St. Jacobs is still
The Waterloo Region of Ontario famous for its Mennonite
has a rich history and unique heritage. Off the main highway it
cultural flavour. Before the area is a common occurrence to see
was populated by European these folk drive by in their
settlers it was the fertile horse-drawn buggies.
homeland of North American native
tribes who lived along the Grand In more recent years Waterloo
River for hundreds of years. Region has developed a much more
diverse culture. These changes
Much of the Grand River Valley have been the result of
was subsequently given to Five immigration from all corners of
Nations native tribes who had the globe. People are drawn to
fought on the British side during the area by the prosperous
the American Revolutionary War. economic activity of the region
and the presence of two highly
The original European settlers respected Universities.
migrated from Pennsylvania in the
early 1800s and purchased large Historically local industry was
anchored in automotive parts and largest urban area - Waterloo
tire manufacturing, meat Region - with a combined
processing, furniture making, and population of 387,319.
insurance.
In the 2001 census, the City of
As elsewhere in North America, Waterloo was the 25th largest
the manufacturing sector has city in Ontario with a population
declined in importance in the of 86,543.
last twenty years, and has been
largely replaced by high tech and Kitchener-Waterloo has a very
service industries. To a large vigorous economy with strong
degree this has been due to the manufacturing, agricultural, high
influence of two universities in tech, and service sectors.
Waterloo -- The University of Waterloo Region has one of the
Waterloo and Wilfrid Laurier highest average standards of
University. The University of living in Canada.
Waterloo is one of North
America's most important schools The region also has a dynamic
for engineering, science, and real estate market with thousands
computer science, while Wilfrid of new homes in all price ranges
Laurier University boasts a being built in the last decade.
highly regarded School of Homes are priced significantly
Business. lower than similar homes in the
Toronto area.
** Kitchener-Waterloo facts
** Cambridge is the other major
Kitchener was the 9th largest center in the Region of Waterloo
city in Ontario with a population
of 190,399 as of the 2001 census. In the 2001 census, Cambridge was
It is the centre of the 4th the 18th largest city in Ontario
with a population of 110,372. Not surprisingly, Cambridge has a
Population in 2006 is estimated very active real estate market.
at 122,000 - an increase of about It is centrally located between
10% within the last 5 years. Toronto, Kitchener-Waterloo, and
London, so a significant number
Cambridge has a very bouyant of Cambridge residents work in
economy with strong and communte to those cities. And
manufacturing, insurance, and because homes are priced
service sectors. Its location on significantly lower than similar
the major highway between Toronto homes in the Toronto area, it
and Detroit give it strategic attracts buyers from the entire
importance as a communication and Greater Toronto Area.
transportation centre.
About the Author:
Rick Hendershot publishes Linknet News | For Kitchener, Waterloo and Cambridge relocation info | Quality real estate investing course
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