Waterloo Real Estate

Prices from $254,900 CAD to $899,900 CAD Listings last updated 12/16/2017

Houses for Sale in Waterloo:

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Real estate roundup: Waterloo, ON housing market overview

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There are 152 houses for sale in Waterloo, ON.

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CITY GUIDE
WATERLOO, ONTARIO

Waterloo is the smallest of the three cities that compromise the "Regional Municipality of Waterloo."

The population according to a 2011 census is 98,780. The city covers a 24.71 square mile radius. The city is adjacent to Kitchener.

Kitchener and Waterloo are so blended together they are called "KW". There have been attempts made to combine the two cities into one but thus far all the attempts have failed.

Waterloo originated on a parcel of land that covered 675,000 acres.

This land was given to the Iroquois in 1784 as a gift from the British. The British compensated the Iroquois for their wartime alliance with England during the ‘American Rebellion’ (later known as the American Revolution).

The city has a strong knowledge and service-based economy which is thriving in these current times.

They have formidable insurance and high-tech industries, the biggest employers are Sun Life Financial, the University of Waterloo, Manulife Financial, BlackBerry,Sandvine and Wilfried Laurier University. It is deduced from these prominent employers that the economy is strong in the technological, insurance and educational fields.

Waterloo also has three famous think tanks: the Perimeter Institute for Theoretical Physics, the institute for Quantum Computing, and the Center for International Governance Innovation, which add to the wide diversity of the Waterloo economy.

These prominent tech companies give the city of Waterloo one of the strongest-technological-based economies in Canada.

Waterloo’s economy will remain strong for years to come because of their strong technology focus.

KEY FACTS:

Waterloo, Ontario

Waterloo, Ontario
  • Country: Canada

  • Province: Ontario

  • Nickname(s): -

  • Population: 98,780 

  • Area:

    Land: 308.03 km2  

Economic

Economic

The city has a strong knowledge and service-based economy which is thriving in these current times.

They have formidable insurance and high-tech industries, the biggest employers are Sun Life Financial, the University of Waterloo, Manulife Financial, BlackBerry,Sandvine and Wilfried Laurier University. It is deduced from these prominent employers that the economy is strong in the technological, insurance and educational fields.

Waterloo also has three famous think tanks: the Perimeter Institute for Theoretical Physics, the institute for Quantum Computing, and the Center for International Governance Innovation, which add to the wide diversity of the Waterloo economy.

Notable High-Tech companies in Waterloo:
• Dalsa
• Descartes Systems Group
• Maplesoft
• MKS Inc.
• Open Text Corporation
• BlackBerry
• Sandvine
• Kik Messenger
• Vidyard

These prominent tech companies give the city of Waterloo one of the strongest-technological-based economies in Canada. Waterloo’s economy will remain strong for years to come because of their strong technology focus.

Education

Entertainment

Waterloo is a very attractive place to live. With two of the finest colleges in the world and its prominent ethnic mixture, Waterloo is a very alluring place to visit and live. Waterloo has an ample amount of research institutes and think tanks. There are also top-notch educational, recreational and cultural facilities. Waterloo is also known as a thriving college town. It has a little bit of everything to offer to people from all walks of life.

Entertainment
Neighbourhoods

Neighbourhoods

There are a number of neighbourhoods to consider in the Township of Waterloo and City of Waterloo area.

Neighbourhoods

Real Estate Market

Currently, the Waterloo housing start market is expected to slow down going into the near future, but it should remain stable in the future. The numbers of single-detached homes will slightly increase in numbers as land becomes available for new construction.

Single-detached home construction will continue to increase remaining stable in the near future. The buying force behind this increase is from move-up/repeat buyers. Among these classes of buyers, the demand for these houses is strong. Helping the increase of land made available for single-detached construction is the fact restraints have been removed. With this, in view single-detached home construction will continue to increase over the next couple of years. Prices for these single-detached homes are predicted to increase slightly. Conversely, prices for single-detached homes dropped beyond the boundaries of Waterloo. The resale supply in the area has diminished which will translate into overspill in demand for new homes.

Demand for moderately priced homes has driven the townhouse starts to increase. Young couples who cannot afford the higher priced homes find the townhouses meet their needs. The townhouses are an affordable alternative to single-detached homes. The townhouses still have a ground-oriented entrance but they do remain bigger than apartments.

Apartments are continuing to drop in demand as stated earlier. Condominium styled apartments are expected to see the hardest decline in the market over the next year or so. Builders are expected to hold off on future construction of these apartments. Construction will be put on hold until current projects are finished. Finished condominium apartments are being bought by investors who in turn rent them out to students.

  • Average Home Price: $308,479
  • Average Rent Price: $960.62  
  • Average Condo Price: $209,568  
  • Average Detached Home Price: $452,799
Home Style Average Price
2 storey $373,437
Bungalow $324,563
Condo $209,568

The following table, based on data taken from the Canadian Real Estate Association (CREA’s) National MLS® Report for April 2016 (the latest information available), demonstrates how homes in LSTAR’s jurisdiction continue to maintain their affordability compared to other major Ontario and Canadian centres.

Education

Education

Historically, Waterloo had no high schools until the 1960’s. Around 1958 Waterloo was given the green light to build its own high school, and $1,247,268 was set aside to build it. Eventually, the high school was built on a 20 acre-lot. The school was named the Waterloo Collegiate Institute and opened on September 6, 1960. This construction opened the flood gates sort of speak. Waterloo opened several high schools in the 1960’s.

Moving on to the K-12 education system Waterloo has one of the best. Ontario (of which Waterloo is apart) has one of the best K-12 educational systems in the world. Students in their system rank high in science, mathematics and reading. The OECD’S Program for International Student Assessment gathers these international rankings; they decipher that students from Ontario consistently rank high. Also, recently, in McKinsey’s report “How the World’s Most Improved School Systems Keep Getting Better” chose Ontario as one of the best school systems in the world. They also commented in the report “that (Ontario) has achieved significant, sustained, and widespread gains in student outcomes on international and national assessments from 1980 onwards.”This speaks volumes for how good Waterloo’s K-12 educational system really is. Parent’s living in the Waterloo area can be certain their kids are attending some of the finest schools in the world.

John Helliwell,of “PC Mag”, wrote in 1985, that Waterloo is as close to a college town as you will find in Canada. He cited the 22,000 students from the University of Waterloo and Wilfrid Laurier as support for this observation. Helliwell went on to say that these two universities were good business for Waterloo. Many businesses spun off from the University’s presence there and Waterloo has a thriving college community.

Education