New Condos in Kitchener

Welcome to Kitchener, the largest of the Tri-Cities, with Waterloo located to the North and Cambridge located to the south. Kitchener has been known for its manufacturing industry in the past, but has been surging ahead in the tech industry, with companies like Google Inc. setting up offices in the city. Kitchener is a city in Ontario that is seeing significant growth and in 2017, the city revitalized its downtown core, which is a home to many businesses and restaurants, making it more pedestrian friendly and sustainable. Tree Canada even recognized it as a Green Street. The average cost of a pre-construction condo in Kitchener in 2017 was $369,000, which is an increase of 15% from the year before, enticing developers to invest more than $1.2 billion into the area. This is very good news for investors. Kitchener is also close to two of the country’s best universities; Wilfrid Laurier and University of Waterloo. The area’s population increases by thousands every fall with students looking for housing. This is also something a wise investor can take advantage of. With the exciting addition of the ION Light Rail transit system, it will allow residents high speed commuting between Kitchener and Waterloo, making the city a great option for both young professionals and students. Kitchener also offers regional transit which services the city and surrounding areas. A GO Transit station is located in the heart of the city, allowing riders to connect to the GTA and beyond. Highway 401 is located to the south of the city, allowing residents to easily connect to east and west parts of the province, including Toronto. Kitchener is home to a very dynamic cultural scene, including the second largest Oktoberfest in the world; the annual Kitchener-Waterloo Oktoberfest, which draws over 700,000 visitors to the area every year. With the region’s emerging real estate market, Kitchener is the perfect place to call home. Search and compare Kitchener condos or contact a CondoNow certified expert today to make that dream a reality!