Condos in Kitchener

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Manisha Sharma
Real Estate Professional

REMAX Real Estate Centre Inc. Brokerage

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Why Should You Invest In Kitchener Real Estate?

Kitchener is a surging city in Southern Ontario that’s building toward the future. They’re historically known as a manufacturing centre in, but it has since diversified its economy on a massive scale to become one of the most exciting cities in the region.
It’s part of the Tri-City system located to the west of the GTA, and it is intrinsically connected to the municipalities of Waterloo and Cambridge. It’s in the middle of its sister cities, with Waterloo to its northwest, and Cambridge to its southeast. With a population of 233,700, Kitchener is the largest of the Tri-Cities.
The city is seeing tremendous growth, and it’s influencing the local government’s commitment to revitalize its downtown core, particularly around the King Street corridor, where they’ve implemented new street lighting and expanded the sidewalks, making it much more walkable. It was a hugely successful project, and it was awarded the International Community Places Award, which particularly noted the city’s efforts to draw people into the downtown core. It is built for a sustainable future too, demonstrated by Tree Canada recognizing it as a Green Street.
The savvy investor will be excited to see the level of real estate development coming to this emerging market. The city is seeing tremendous growth since the hugely successful redevelopment along King Street, and this can be seen in the $1.2 billion in building permits the surrounding area. This is exactly the type of thing investors should be looking for: an emerging market that’s received a huge investment. There’s no doubt that there’s a higher ceiling here than most of Southern Ontario.
Kitchener has become one of Southern Ontario’s tech industry centres too. This new tech sector is centred around a building with symbolic and historic importance. The Lang Tannery building is a massive industrial building that was acquired by Cadan Inc. in 2007, and they’ve since converted it into a hub for digital media companies, including the industry giant Google Inc. among its tenants. In 2018, downtown Kitchener became home to Google's largest R&D office in Canada.
Its medical industry is also starting to emerge as a major economic driver in the city, as two medical campuses have recently opened in the area. University of Waterloo School of Pharmacy and McMaster University Michael G. DeGroote School of Medicine are both in the city’s limits, as well as Grand River Hospital, St. Mary’s General Hospital, and Cambridge Memorial Hospital.