Can’t afford to live in Toronto or Vancouver anymore? Have you thought about moving to Waterloo? Dreams are bigger here and home prices aren't.
Housing costs in Canada’s two largest cities are crazy, and make it nearly impossible for someone to afford a home. With an average detached home price of $380,000 and $223,000 for an apartment-style condo, Waterloo is an affordable, booming place to live. And, more importantly, if you have the right skills, there are a ton of opportunities to be found.
What can you get in Kitchener-Waterloo
The average home price in Toronto is $912,000 ($720,000 in the GTA), nearly half a million dollars more than the Kitchener-Waterloo equivalent. Vancouver is even worse: you are looking to drop $2,375,000 ($1.4m Greater Vancouver) for a single detached two-story home. Condo prices are similarly out-of-reach at $630,000 ($366,000 GTA) and $578,000 ($487,0000 Greater Vancouver) for an apartment style condo. Home prices in Waterloo are 85% less than those in Vancouver!
What Else Does Waterloo Offer?
Waterloo Region is smack dab in the middle of Southwestern Ontario, and is one of the fastest growing communities in Canada, with a mixture of urban centre and rural countryside. There are over 1,000 tech companies in the region, and it feels like a new company is opening its doors or expanding every day. These companies are some of the most innovative in Canada. They include: Google, Square, Vidyard, Kik, Aeryon Labs, Shopify, Thalmic Labs, and Sortable, just to name a few.
This region is known for its tech sector and is experiencing astounding growth, thanks to organizations like Communitech, Velocity, Accelerator Centre and The University of Waterloo, and the entrepreneurial spirit that is core to the region. There are tons of career opportunities, no matter where your expertise lies.
There are half a million people here, which means you are not going to be tripping over people in downtown. It’s quiet without being boring, with a mixture of events, festivals, craft breweries, restaurants, arts and culture. If you are looking for the latest trendy kitten cafe here…
you are not going to find it (Edit: we stand corrected. Apparently there is a kitten cafe that just opened). And if the big city lifestyle is your thing, then Toronto is closer than you might realize.
If you live or work in Vancouver or Toronto, then you know that traffic sucks. We don’t mean to brag or anything, but Kitchener-Waterloo has some of the shortest commute times in North America, and they should even get shorter with the addition of a Light Rail Transit system set to open next year. There is also quick access to the 401, GO train, Via Rail, and international flights out of YKF.
The region’s talent pool is fed by the University of Waterloo, one of the best engineering schools in the world, as well as Wilfrid Laurier University and Conestoga College. The area boasts one of the lowest unemployment rates in Canada. If you have the skills, the talent, and the drive, you should be able to find a job here in no time. If you are looking to meet new people or learn a new skill, then there are meetups like Hackernest and Communitech’s P2P sessions to get you started.
Waterloo is an affordable place to live with the cost of living sitting at around $2,300 per month, which is far less than both Toronto and Vancouver at $3,300 and $3,500 respectively. You’ll have money left over to spend on attractions like shopping at the St. Jacobs Farmers Market, seeing a show at Drayton Entertainment or the Stratford Festival, or enjoying some German festivities at Oktoberfest.
Bottom line is that Kitchener-Waterloo is a place you can afford to live in. There are a ton of tech jobs, unique people, interesting startups, and if you are thinking of moving here, Sortable wants to hire you!
The big opportunity!
Sortable, Waterloo’s fastest growing startup, is looking for smart people who are not afraid of a challenge to join our team.
We use data and machine learning to help online publishers generate greater revenue by making real-time decisions about which ad networks should fill each ad impression.
In our first year we have grown from 23 million to over 150 million unique visitors per month, and serve well over 3 billion ad impressions per month.
Sortable is an engineering-focused company, where developers form the core of our team. We are a collaborative group with minimal bureaucracy that values autonomy, taking ownership, and learning from your mistakes.
Sortable offers competitive salaries, health benefits, catered lunches, stock options, and a chance to help shape the growth of your company.
If you are are looking for a new adventure and want to solve hard problems we would love to hear from you.