Thinking of an investment in Kitchener-Waterloo? Here is what you need to know.
The market for condos is booming in Kitchener-Waterloo, and with so many interested customers, Condos have become a popular topic of discussion because of many new pre-construction projects under progress. So, if you are planning to search for a Condo for sale in Kitchener-Waterloo, we have put together some good reasons why an investment in Condo can be a great opportunity.
- Kitchener-Waterloo has the highest density of Tech-starts ups in Canada and, at the same time, the second highest in the world. Among the numerous international digital huge companies with headquarters in Kitchener-Waterloo are Google, Shopify, D2L, Christie Digital, Vidyard, Thalmic Labs, OpenText, Miovision, Communitech, and Square.
- Great employment opportunities open the door for many graduates. There is accessibility to top educational institutions, including the University of Waterloo, Laurier University, and Conestoga College, among many others, as well as facilities of the best quality that support technological, creative, and cultural advancements.
- Investment in Condo properties is a great option as they need low maintenance and they can be easily rented. When buying a Condo, you do not need to worry about the management of the property, like removal of snow, maintaining the water systems or keeping the sidewalks clear. You can save a huge number on maintenance expenses, and Condos are also found to be cost-effective compared to other major cities in the country.
- As real estate in Kitchener continues to grow, it is found that Condos are in great demand. Many people choose to have an easy lifestyle, good walk scores and a place close to work. You can make an investment in the property and provide a great solution for people looking to have such facilities or for yourself.
- Condos are also one of the attractive options to get first-time home buyers onto the market with lower down payments and carrying costs. For a couple who is about to retire or is already retired, a condo is the most preferable option. Many retired couples don’t need or desire their existing house, and they might prefer to travel more or do less regular home maintenance.
- With the growing demand, this is the right moment to invest in Condo. The market value of high-rise condos has grown year over year in the Waterloo Region. Condos will be more in demand than ever as the population expands and more people are drawn to the downtown area.
- Kitchener-Waterloo’s transportation system has recently undergone significant changes. Additionally, the transportation minister has declared that two-way, continuous GO trains will run between Kitchener and Toronto by 2024.
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These cities can be an excellent opportunity for all investors looking for houses for sale in Canada. With population growth, employment opportunities, expansion of infrastructure and development of businesses, the city is advancing in every sector. This can result to be huge security for the future and for your home ownership goals.
