Waterloo Real Estate

Waterloo's city centre is near the intersection of King and Erb streets. Since 1961, the centrepiece has been the Waterloo Town Square shopping centre, which underwent a thorough renovation in 2006. Much of the mall was torn down and has been replaced by buildings that emphasize street-facing storefronts.

Residents refer to the Waterloo city centre as "uptown" (often capitalized), while "downtown" is reserved for the Kitchener city centre, as Kitchener had been the dominant centre, and Waterloo was a small town on the Kitchener's north side. Waterloo surged into a significant City in the third quarter of the 20th Century, due in large part to its role as a university city. It has also benefited from the growth of insurance companies. Waterloo has prospered with the relationship between the Tech Sector, which has blossomed, and the University of Waterloo whose technology graduates have excelled. Blackberry, formerly Research In Motion, is the best example.

Waterloo is a city in Southern Ontario, Canada. It is the smallest of the three cities in the Regional Municipality of Waterloo, and is adjacent to the city of Kitchener.Kitchener and Waterloo are often jointly referred to as "Kitchener-Waterloo" (K-W), or "the Twin Cities", although they have separate city governments. There have been several attempts to amalgamate the two cities (sometimes with the city of Cambridge as well), but none have been successful. At the time of the 2011 census, Waterloo had a population of 98,780.Waterloo was built on land that was part of a parcel of 675,000 acres (2,730 km²) assigned in 1784 to the Iroquois alliance that made up the League of Six Nations. Almost immediately-and with much controversy-the native groups began to sell some of the land. Between 1796 and 1798, 93,000 acres (380 km²) were sold through a Crown Grant to Richard Beasley, with the Six Nations Indians continuing to hold the mortgage on the lands.The first wave of immigrants to the area was Mennonites from Pennsylvania. They bought deeds to land parcels from Beasley and began moving into the area in 1804. The following year, a group of 26 Mennonites pooled resources to purchase all of the unsold land from Beasley and discharge the mortgage held by the Six Nations Indians.The Mennonites divided the land into smaller lots; two lots initially owned by Abraham Erb became the central core of Waterloo. Erb is often called the founder of Waterloo, as it was his sawmill (1808) and grist mill (1816) that became the focal point of the area.
Listed by: Chestnut Park Realty Southwestern Ontario Ltd., Brokerage
Listed by: Shaw Realty Group Inc.
Listed by: Keller Williams Innovation Realty

Waterloo Listings Summary

Waterloo - Town vs. Region Stats

Avg Price in Waterloo: $796,800 / Region Avg $899,400

89%

Avg Sq. Ft. in Waterloo: 1,448 / Region Avg 1,631

89%

Avg Price per/sqft in Waterloo:$550 / Region Avg $551

100%

Avg Walkscore in Waterloo: 63 / Region Avg 49

129%

Avg Year Built in Waterloo: 2002 / Region Avg 1995

100%

Avg Days on Website in Waterloo: 40 / Region Avg 51

78%

Waterloo Real Estate Market Health

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