Waterloo area best for real estate: report

Toronto ranks 8th on list

Friday, October 2, 2009 | 8:43 PM

CBC News

The Kitchener-Waterloo-Cambridge area is the best place in Ontario to buy a house or invest in a business property with hopes of making money, according to a report released Friday.

The report was issued by the Real Estate Investment Network, a consulting organization that provides investors with property information. It assessed the potential for real estate properties to appreciate in value in communities across Ontario.

The reputation of the Kitchener-Waterloo-Cambridge area’s reputation as a technology hub is responsible in large part for its desirability, said Don Campbell, head of the Real Estate Investment Network (REIN).

“You’re seeing [BlackBerry maker] RIM and seeing the high-tech industries still continue to grow and hire,” he said. “And at the same time, they’re revitalizing the downtown of the old cities of Cambridge and Kitchener and now they’re talking about [light rapid transit],” he said.

No longer a surprise to anyone reading this blog, but still a nice reminder

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