Real Estate Investment Condos in Kitchener, Ontario, Canada

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A Top Tier Entrepreneurial Ecosystem Exists Here

Kitchener, home to DTK Condos, is part of the greater Waterloo Region is a unique community built on innovation, education, and collaboration, offers one of the most dynamic economies in North America.

This Region’s thriving economy is reflected in industries of advanced manufacturing, information and communications, automotive, business and financial services. Located approximately an hour west of Toronto, Waterloo Region is a key partner within the globally recognized Toronto-Waterloo Innovation Corridor.

The University of Waterloo, Wilfrid Laurier University and Conestoga College offer world-class research and idea generation for industries operating here. These leading facilities produce some of the highest caliber talent in the world, generating a deep talent pool of professionals who continually regenerate our local economy and labour force.

In 2016 Canadian Real Estate Wealth Magazine conducted two polls asking participants both which province, and specific market they believe offers the best investment opportunities. An astounding 50% of those surveyed agreed Ontario offers the ultimate investment opportunities. Within the Ontario market an overwhelming, 22% of those polled voiced Kitchener-Waterloo as being the best place to invest. The GTA followed second at 16%.

Over $2 Billion Invested to improve the way you move here.

The City of Kitchener in collaboration with Metrolinx continues to invest in major transit corridor and infrastructure improvements for an extensive Regional Express Rail Plan that comes right to your front door at DTK Condos. 

In addition to expanded GO and Express Rail service, 868 million was invested into developing KW’s ION Rapid transit system. Ion will streamline transit within the Region. The 19 station route spans from Conestoga Mall in Waterloo to Fairway in Kitchener. DTK Condos is located mere steps away from the Frederick Street ION stop

The Provincial government has pledged $11 billion* for KW high-speed rail link to Toronto. This will shave travel time from the Kitchener Transit Hub to the Toronto station to well under an hour. DTK is 2 quick stops to the future Kitchener Transit Hub.

Ideas Happen Here

Kitchener is the new choice for many of today’s top talent. Major players are planting roots in this city that offers a booming economy and a deep pool of talent to fish from. Get to know your neighbouring businesses a bit better here.

Waterloo Region is a hub of tech triumphs. Google is here. Blackberry is here. Microsoft is here. Shopify is here, Communitech is here. Great ideas are born everyday here.

Above Average in So Many Ways.

Waterloo Region’s growth rate was 5.5%, between 2011-2016, a figure which exceeded both provincial and national growth rates of 4.6% and 5% respectively. Ontario’s Growth Plan projects that Waterloo Region’s population will grow by 185,000 people over the next 15 years.

Population increase of 185,000 anticipated over the next next 15 years

People Are Flocking Here

People are moving here. Data collected by the KW Association of Realtors in 2017 illustrates that the average sale price for a home in Kitchener Waterloo increased by 20.7 per cent year-over-year. This meant an increase from $387,291 to $467,513.

Real Estate Market Growth 

Never before has Kitchener’s real estate market been more robust.  2017 was the first time average sale prices jumped above $400,000, just six years after exceeding the $300,000 threshold. An increase to $500,000 within one year is foreseeable, as RE/MAX has forecasted an average sale price of $499,233 for Waterloo Region in 2018.

Population And Dwelling Census Counts

 K-W CambridgeRegionOntario

Source: Statistics Canada, 2016 Census. Region includes: Woolwich, Wellesley & Wilmot Township

All housing types had increases of at least 20% in 2017 over 2016

Detached homes sold for an average price of $549,046 in 2017, an increase of 21.5 per cent over 2016. This rapid increase has made home ownership unaffordable. Condominiums now present the only affordable and practical option for many first time home-buyers.

Demand & Growth Are Here

Rental Market Demands Increases

The need for both urban and affordable condominium and rental accommodations is evident. Demand for rental accommodations across the Region increased by a record setting 7% while vacancy rates dropped to a very low 1.9%.

Kitchener Vacancies Plummet

Between July 2016 and June 2017, 1,293 condominium apartments were completed with 30.3% of those being rentals. The rental condominium apartment vacancy rate was a mere  0.7% in September 2017, indicating a lack of supply and a high demand for luxury rental options in new buildings with more amenities. 

Rental Households Skyrocket

Since 2011, the increase in number of rental households by income has been staggering. Propensity to rent can be attributed to aging populations and market changes.

Source: Rental Market Report Kitchener-Waterloo-Cambridge CMA, CMHC

Rental Condominium Apartments and Private Apartments Total Vacancy Rate By Building Size

SizeRental CondominiumApartment Rentals
October 2016October 2017October 2016October 2017
3-19 Units2.52.0
20-49 Units0.
50-99 Units2.
100+ Units0.

Apartments in the Rental Market Survey(RMS) includes only those units in purpose build buildings with at least three rental units. SourceK CMHC Rental Market Report 2017

Rental Condominium Apartments and Private Apartments Total Vacancy Rate By Building Size

SizeRental CondominiumApartment Rentals
October 2016October 2017October 2016October 2017
3-19 Units2.52.0
20-49 Units0.
50-99 Units2.
100+ Units0.

Source: Statistics Canada 2016 Census