Among the leading cities of Canada, Kitchener has emerged admirably in the past few years. It is the most sought place to move with the effortless commune, affordable living, and a stable economy. Kitchener sits in Canada’s largest province, Ontario, only 100km west of Toronto. The city was known as Berlin, but its name changed in 1916.
If you desire to buy a house in Kitchener, many new projects are coming up; all you need to do is search. Although, before that, it is necessary to understand the pros and cons of purchasing a property there. For that, let’s have a detailed look at the benefits you can avail yourself of while living or investing in Kitchener.
Attributes of Kitchener
The economy of Kitchener is stable and ever-growing. It has two of Canada’s best universities that provide talent to multinationals and local companies, developing rapidly. That’s why numerous business people and tech experts buy a house in Kitchener Waterloo. Some of the leading companies operating here are Google, Square, Tulip Retail, etc.
The enormous insurance industry is another major employer for youngsters seeking financial stability. Major insurance firms, including SunLife, Manulife, and Economical Insurance, have headquarters in Kitchener.
As mentioned earlier, Kitchener is part of Cambridge. Waterloo, Kitchener tri-city region. All three are around an hour’s drive or two hours by GO Train from Toronto. Occasionally we all want to get away from the city and break the uniformity. Kitchener provides that without taking you away from significant “international” facilities like Pearson Airport, fine restaurants, and incredible concerts.
Regardless of where you buy a house in Kitchener, Ontario, you can always enjoy the fresh air. It is because the city has 200 parks all around. You can also read a book in the historic Victoria Park while basking in the sun. And you can travel to McLennan Park, which has BMX bike parks and baseball fields. Kiwanis Park features a swimming pool and other sporting facilities for soccer and basketball.
Kitchener has hosted Oktoberfest since 1969, which highlights all of the most significant aspects of Bavarian Munich culture. Every year, over 150,000 people attend the Kitchener Blues Festival. The show goes on at the Centre in the Square. It is a renowned performing arts venue that hosts concerts, international musicals, and classic theatre. Shakespeare’s Stratford is approximately 45 minutes away by vehicle if you enjoy theatre.
Cost of Living in Kitchener
The living cost in Kitchener is affordable, especially for families. Expenses like groceries, monthly bills, transport, and eating out are reasonable. The job opportunities are also inspiring considering its vibrant economy and developed commercial industry. Although living on rent can add to your monthly budget. Therefore, it is better to buy a new house in Kitchener rather than renting it.
On-Going Housing Projects in Kitchener
Elevate Condos, 1333 Weber Street East, Kitchener, ON
Builder: Pamata Hospitality Inc
Elevate Condos is a great condo development project on Weber Street that offers residents of Kitchener cutting-edge features. It has 15 stories and 544 units. It is currently in pre-construction, and the completion is expected in 2024. If you desire to buy a condo in Kitchener, this project is ideal. It’s close to shops, offices, and restaurants. Elevate Condos has all you need to complement your active lifestyle, from recreational facilities to appealing social spaces. It’s also close to the 401 and a transportation stop, making it convenient to get to London and Toronto. It also has a co-working space, baseball court, dog run, personal storage unit, and much more.
TEK Tower Kitchener, 30 Francis Street South, Kitchener, ON
Builder: IN8 Developments and Westdale Properties
TEK Tower Kitchener is another remarkable condo development project by IN8 Developments and Westdale Properties. It has 44 stories and 532 units, currently in pre-construction; it will be complete by 2025. The amenities you can appreciate here include:
Private Dining Room
It is a cutting-edge condominium that will soon be the center of attention in the Downtown Core. It is the ideal address for today’s groundbreakers, as it sits in the heart of the Innovation District. The 44-story building at 30 Francis Street South will include front-line technology and advanced home automation in trend-setting apartments intended for the urban lifestyle.
Verde Living, 83 Elmsdale Drive, Kitchener, ON
Builder: JD Development Group and Downing Street Group
Verde Living sits at 83 Elmsdale Drive, Kitchener, ON, is a condo development project by JD Development Group and Downing Street Group. It has seven stories and 254 units. It is picture-perfect for those who want to buy a house in Kitchener, Ontario, at an affordable price.
Residents at Verde Living Condos can enjoy vast green places and explore the beautiful surrounding area. It includes the Laurentian Trail, a dog park, skatepark, and sports fields, which oversee the gorgeous and verdant McLennan Park. This area also has some of the best elementary and secondary schools in the city, making it ideal for families with small children.
Now that you identify the benefits of living in Kitchener and some fantastic ongoing projects don’t waste more time. Start your research and market analysis to make a better decision. Whether you want to invest in Kitchener or move there, thorough research will help you choose wisely.