Join the Scotiabank StartRight® Program designed for Newcomers‡ and get up to $2,200* in value in the first year.
Written By
Corinna Frattini
Mar 10, 2025
•Choosing a City
Ontario
Waterloo
Moving to Canada is a big decision, and so is choosing the right city to settle in. Selecting the right city with a good job market and an affordable housing market can help you build financial success in Canada. Discover what the Kitchener-Waterloo region offers and what makes it so appealing with this helpful guide.
Researching your destination city in Canada is vital. Importantly, you need to understand the local job and housing markets. Specifically, you must know what jobs are in demand in the local labour market to secure a job. And, you need to understand housing prices. Housing costs in Canada vary, but prices are substantially higher in Vancouver and Toronto. Living in a more affordable housing market can lower your cost of living, allowing you to rent or buy a larger house for you and your family.
The Kitchener-Waterloo region is an active, thriving place to live, work, study and invest. Immigrants come from around the world to make their home in Canada. It has a thriving technology sector, is located along a major highway and is the 4th largest Census Metropolitan Area (CMA) in Ontario. Commonly referred to as KW or the Tri-cities, the CMA includes the three urban centres of Kitchener, Waterloo, and Cambridge plus, four scenic rural townships: North Dumfries, Wellesley, Wilmot, and Woolwich.
KW is a popular and affordable alternative to living in Toronto and offers a mix of big-city benefits and small-town charm. From KW, you can drive to the nearby cities of Toronto, London, Brampton, and Hamilton in about one hour. The area is close to nearby airports including the Region of Waterloo International Airport, London International Airport, and Toronto Pearson International Airport.
Over 623,000 people live in Kitchener-Waterloo-Cambridge (as of 2020). More than half live in Kitchener. The population has been increasing by about 1.5% – 2% per year. However, over the past few years, it has been one of the fastest-growing regions in Ontario. It is expected to reach 729,000 people by 2031.
The KW region has a diverse economy with sectors from manufacturing to high-tech. The area historically also has one of the lowest unemployment rates in Ontario.
The region is home to world-class employers and has one of the highest employment rates in Ontario. With a strong manufacturing base and other industries to provide meaningful employment, it is also a fast-growing hub for:
The KW region has many large employers, such as Sun Life Financial, the University of Waterloo, Manulife Financial, Sandvine, and Wilfrid Laurier University.
The city is also home to three well-known think tanks: the Perimeter Institute for Theoretical Physics, the Institute for Quantum Computing, and the Centre for International Governance Innovation. Together with Kitchener and Cambridge, Waterloo is part of Canada’s Technology Triangle (CTT), a joint economic development initiative that markets the region internationally.
Some of the top employers are:
The job growth rate is on the rise. Total employment is close to 290,000 (2017). The region has the 10th largest workforce and the 4th largest manufacturing workforce in Canada. The top industries that are hiring are technology, manufacturing, insurance, and health care.
You can search for jobs through local recruiters such as Randstad Canada, RobertHalf, Biznets Professional Recruitment, Adecco Staffing, and MaxSys.
A key priority when moving to KW includes finding the perfect place to call home. And, it’s common for new immigrants to rent or live in a short-term rental before buying a house in KW.
Waterloo has a range of housing types with various sizes, characteristics, and prices. Relatively, you’ll find that housing prices are affordable, lower than in Toronto and the surrounding area, but higher than in some other southern Ontario communities located away from Toronto.
To better understand rental prices, it’s best to research the rental housing market before you arrive. You can use online rental sites such as Rentals for Newcomers to search for available rental units in the KW area. Here, you can also find current rental prices. This is helpful since prices can change often.
However, it’s best to search for rental housing when you arrive in Canada to view the apartment and meet with the landlord physically. This is also the best way to avoid rental scams.
| CITY | AVERAGE RENT 1-BEDROOM APARTMENT (Year-over-Year Change) | AVERAGE RENT 2-BEDROOM APARTMENT |
|---|---|---|
| ONTARIO | $2,118 (-5% Y/Y) | $2,573 (-4% Y/Y) |
| Kitchener | $1,859 (-3.4%) | $2,246 (-4.4) |
| Waterloo | $2,038 (0.6%) | $2,566 (5.5%) |
| Cambridge | $1,906 | $2,333 |
When you rent a home or apartment, buying renter’s insurance can protect your family, belongings, and finances from unforeseen events and liability. While renters’ insurance is optional, many landlords require it as part of your lease agreement. Get more information about renting a home: Renting in Canada: What Newcomers Need to Know
Housing in the KW region is more affordable than Vancouver and Toronto, Canada’s largest cities.
| CITY | SINGLE-FAMILY DETACHED HOME MEDIAN PRICE (As of February 2025) |
|---|---|
| Kitchener-Waterloo-Cambridge | $729,900 |
| Vancouver | $1,185,100 |
| Toronto | $1,073,900 |
To buy a home, contact a local realtor who will guide you through the home-buying process. Find out more about buying your first home in Canada: First Time Home Buyer: Newcomer Tips
Kitchener-Waterloo is conveniently located near Highway 401, providing quick access to other major cities in the region. Highways 7 and 8 also pass through the area. It is common for residents to commute to work.
Drivers must have a valid Ontario driver’s licence. You must be at least 16 to drive and pass the graduated licensing system to get a full G licence. You require a Class A or D licence to operate commercial vehicles.
Getting Your Drivers License in Ontario
Driving Test in Canada: A Full Guide
Tips for Winter Driving to Ensure Your Safety
Getting Your Driving License in Canada
The Grand River Transit system operates a bus and light rail system within the KW region. For maps, routes, and schedules, click here.
The cost to ride public transit varies depending on the route, method, and distance. Click here for fares and routes. And with GO Bus and Train services, you can live in the region and still have quick and convenient access to Toronto.
The KW area is diverse and welcomes immigrants from around the globe. You can find settlement agencies across the region to help you adapt to your new community and access other services. Refugees and new immigrants can use services such as:
Kitchener-Waterloo Multicultural Centre.
If you want to have your English language skills assessed or get language support, you can access many local programs. For example, Conestoga College, St. Louis Adult Learning Centres, English at First, and Renison University College offer Language Instruction for Newcomers to Canada (LINC) classes. Work-specific programs are also available.
All local banks in Waterloo have programs to help newcomers open a bank account and get a credit card. You can learn about getting a mortgage, personal loans, and investments. Visit a local bank branch to start the process.
Get more banking tips for newcomers:
Top 10 Financial Steps to Take Before You Leave for Canada
Move to Canada | Transferring Cash & Valuables
Open a Bank Account Before Arriving in Canada
There are many learning opportunities for your children in the Kitchener Waterloo Region. There are separate boards for catholic and public education.
Waterloo region has 121 schools – 103 elementary schools and 16 high schools. There are 46 Catholic elementary schools and five Catholic high schools. In addition, Kitchener-Waterloo has several private, adult, and continuing education institutions.
The region is home to two universities and one technical college:
University of Waterloo is well known for its computer science, and mathematics, and is the top Canadian university for engineering.
Wilfrid Laurier University is known for its business and economic programs.
Conestoga College is consistently rated as one of the best colleges in Ontario.
Read more about education in Canada:
Schooling in Canada | A Look at the Education System
Higher Education Offers Benefits to Newcomers
Four hospitals serve the KW region including Grand River Hospital, Freeport Campus, St. Mary’s General Hospital, and Cambridge Memorial Hospital.
In case of an emergency call 9-1-1. This number is the same no matter where you live in Canada.
For prescription medications and services that the Ontario Health Insurance Plan (OHIP) does not cover, you can buy private insurance.
Some employers offer third-party health insurance as part of their benefits package. Otherwise, you can take out an individual policy. For more information about health care in the Kitchener-Waterloo region, click here.
The KW region, like many other areas in Ontario, has a shortage of doctors, so finding one can be difficult. Start looking for a physician who is taking new patients as soon as you arrive in the region. Register with Health Care Connect to find a doctor. Learn more about health care in Canada: Steps to Access Free Health Care in Canada
Waterloo is a great place to work, attend school, and raise a family. There are many things for new immigrants to do for fun and leisure. The region has historic landmarks, a broad selection of excellent restaurants, thriving farmers’ markets, art galleries, museums, antique shops, and factory outlets.
The top attraction in the region is Kitchener-Waterloo Oktoberfest. Each year people since 1969, people love to celebrate the second-largest Oktoberfest in the world. It is also home to many other events such as the Kitchener-Waterloo Multicultural Festival, Kitchener Blues Fest, and Kultrun World Music Festival.
The KW area is filled with diverse restaurants, pubs, and bars. There are many locations featuring European and German cuisine. The downtown areas in Kitchener, Waterloo, and Cambridge are great places to get a bite to eat.
Waterloo Region has many parks and trails along the Grand River for residents and visitors to explore. Larger parks, like Waterloo Park and RIM Park, have ball diamonds, sports fields, picnic areas, public washrooms and access to transit and parking.
The region is home to the Kitchener Rangers of the Ontario Hockey League and the KW Titans of the National Basketball League of Canada. The entertainment scene offers a wealth of live theatre, concerts by local and visiting artists, and performances by the Kitchener-Waterloo Symphony.
According to the 2021 Statistics Canada census, 146,575 immigrants live in the Waterloo Region. The region has the 8th highest proportion of immigrants in the province. Between 3,000 and 4,000 new immigrants move to the area annually.
In the last decade, the greatest number of immigrants were Asian, of which 18,265 were from India. European-born immigrants made up 47,630 with the highest number of immigrants coming from the United Kingdom with 10,130 people.
Since the Waterloo Region has German settlement roots dating back to 1916, there is also a large German community. And, there are more than 50,000 people in the region with German ethnic origins.
Waterloo Region is home to many places of worship, providing faith communities across the city with reflective spaces. For a list of churches and other places of worship in the Waterloo Region, click here.
The region has a humid continental climate with four distinct seasons and large temperature differences. It has warm summer months and moderate winters.
Winter usually lasts from mid-December to mid-April and this is when you can expect snowfall. The average high in January is -3.1°C and in July rises to 25.9°C.
Housing in the KW area is less expensive compared to other Ontario cities. A major benefit is the average salary is comparable to what you get in big cities, so the overall cost of living is lower. There is ample opportunity to find affordable housing in KW and surrounding communities.
Kitchener-Waterloo offers new immigrants many benefits. It is a safe and affordable community and offers many great festivals and cultural events. It’s also close to other cities. You can also live in surrounding communities, with many housing options. One drawback people often express is it is a student city because of the two universities. Traffic can also be heavy during rush hour.
Many people compare cities in Ontario to Toronto when thinking about where to move. The KW region offers many of the same career opportunities as Toronto, especially in technology, but the cost of living is about 20% cheaper. You are only an hour drive from Toronto, so you can still enjoy the big city amenities without the higher cost.
WRITTEN BY
Corinna Frattini
Senior Editor, Prepare for Canada
Corinna Frattini is the Senior Editor and Content Director for Prepare for Canada. She contributes articles to help newcomers achieve their goals in key areas related to living, working, and settling in Canada. With an extensive background in human resources and leadership development, her articles focus on what Canadian employers seek and how newcomers can continue their careers in Canada.
© Prepare for Canada 2025
Living in Fredericton, New Brunswick: Everything You Need to Know
Living in Regina, Saskatchewan: Everything You Need to Know
Living in Winnipeg, Manitoba: Everything You Need to Know
Living in Prince George, BC: Everything You Need to Know