Canada’s Technology Triangle – Kitchener, Waterloo and Cambridge – has become known for being an increasingly competitive region for developing high-tech businesses. The Real Estate Investment Network has even dubbed it the ‘Economic Alberta of Ontario’.
Just over an hour West of Toronto, the Technology Triangle is within reach of Canada’s largest metropolitan population, and its largest municipal economy. A recent influx of foreign investment and foreign-owned high-tech businesses has contributed to an increasingly diverse workforce.
With the success of local companies like Research In Motion and the diverse engineering and business talent graduating from the University of Waterloo and Wilfrid Laurier University; it is no wonder why Waterloo is able to attract some of the world’s largest high-tech companies. With these companies in the area, thousands of educated workers are flocking to the region, rapidly expanding the population.
Aside from its community, the region’s competitive housing prices and reasonable tax rates continually make KWC an increasingly important area to invest in.
Further infrastructure commitments will drive improvements and transportation projects that will in turn drive the local economy and real estate markets in the area.