Making the Move from Toronto to Kitchener-Waterloo
It’s not an easy decision to move, especially if you have a family. So, why move from Toronto to Kitchener-Waterloo?
With Toronto, you already know that you have ease of access to a large number of schools, career options, and world-renowned entertainment and events. However, with the convenience of these amenities, there often comes an increased cost of living.
Did you know that the cost of renting in Toronto is a whopping 47.01% higher than in Waterloo? These numbers are just as far apart when it comes to homeownership.
Even when you consider the commute if you work in Toronto, you still would be saving your hard-earned money. Making the move from Toronto to Kitchener-Waterloo is an easy win-win option.
Still not convinced? You may be after this blog.
3 Reasons To Move From Toronto to Kitchener-Waterloo
There are plenty of reasons to make the move. We’re going to check out the top 3 reasons we hear from Torontonians turned Kitchenerite and why they made the move to Kitchener-Waterloo.
1. Plenty of Space
When you’re browsing for a home, what sort of space do you envision yourself in?
You may prioritize a large yard or a location close to parks and recreation, safe zones for school, and ease of access for your commute to work. Are you a growing family looking for a strong community presence.
Or, maybe you’re a professional couple ready for a home with a spacious office and patio?
Kitchener-Waterloo is a close-knit community maintaining dozens of large public parks. You will have plenty to explore, like Victoria, McLennan, Waterloo & RIM Park. Plus, there are a ton of nature trails and conservation areas to explore.
Between friendly animal pens, splash pads, outdoor playgrounds, skateparks, baseball diamonds, soccer fields and picnic shelters, a resident will have no trouble finding an enjoyable space just steps from their own home.
Space In Your Budget
In addition to the spacious amenities your new neighbourhood would offer, you’d notice a huge increase in your monthly savings from the drop in mortgage and utility expenses.
The Toronto homes regularly hit the market at $1 million. That’s just the listing price, let alone the bidding wars that happen once you’ve put in an offer.
Looking at the average for detached homes in Kitchener-Waterloo, you’re looking at under 700K. Think about the budget you have now living in Toronto, wouldn’t it be nice to have more discretionary income each month?
Whether you want to continue to better your career with educational courses or have more income to create better memories with your family, the reason questions you have to ask yourself is:
“Is the commute worth the long-term financial gain?”
2. Career Development
KW is suggested to be the newest tech hub, and is often called “Quantum Valley“.
This powerhouse of career growth follows the footsteps of Silicon Valley, promising to revolutionize the generations to come. This tech hub is among only three startup ecosystems in the world that are strong in four of the hottest areas:
- Financial technology
- Artificial intelligence-big data
- Life sciences
- Advanced manufacturing-robotics
With these top-rated career sectors, KW offers many pathways and job opportunities for newcomers.
You’re saving big when you move into either the world-class university destination of Waterloo or the tech-hub home in Kitchener. Kitchener has landed tech leaders such as Google, Communitech and Shopify.
3. Central to Amenities
KW remains a popular member of the GTA with incredible public transit connecting you back to Downtown Toronto in less than two hours.
Many career-focused couples admit they live in Toronto due to the difference in salary, although they don’t favour the chaotic lifestyle. A move to Kitchener doesn’t have to mean a career change, especially considering today’s transportation advances.
It’s not just GO Transit or VIA Rail that makes the commutes in and outside of the city easier. KW boasts a modernized and high-efficient rail system of its own, the iON light rail, making it more accessible than ever to enjoy all parts of the region.
The Waterloo Region is also home to various popular destinations including the region’s only ski and summer resort, Chicopee. If you’re looking to get away or have family members coming in, there is also an international airport close by.
Imagine not having to go to Pearson Airport to get away in the winter.
Make The To Kitchener-Waterloo
Between top-rated universities and colleges, two full-service library systems, and a thriving St. Jacobs Farmer’s Market, the city offers a continuous flow of learning, connecting and growing.
Along with endless opportunities for personal and career growth, there is also plenty of time to relax and enjoy everything that KW has to offer.
Whether you have a passion for the arts, a desire to attend some of Ontario’s best festivals or you enjoy the local multi-cultural food markets, there’s something for everybody in the heart of KW.
Let us be your tour guide of the Waterloo Region. Learn how to get the most for your money and how you don’t have to sacrifice culture just because you are downsizing your city.
Check out our neighbourhood guides for more details.