The Kitchener-Waterloo is a culturally diverse area located in southern Ontario. While many see it as a technological hub of innovation and the future of business sectors, the area also boasts an impressive history along with its outstanding post-secondary institutions, which is home to several world-renowned research sectors.
Here are some sectors you may want to consider investing in:
1. Real Estate
Back in February 2016, Kitchener-Waterloo home sales took a huge leap which isn’t all that surprising considering the relatively affordable prices and low interest rates. In fact, investing in real estate within the area can also give your business and advantage as it’s only an hour away from major surrounding cities like Toronto, Hamilton, London, Mississauga, and Oakville.
2. Information and Communications Technology
The Waterloo Region is considered to be home to several business and technology initiatives. It also houses an impressive workforce and is a top recruiting ground for companies like Google, Apple, Facebook, and OpenText. One example for when it comes to investing in the Waterloo ICT Sector is the fact that its corporate tax rate is lower than the G8 and G20 average while its labour costs are the lowest among the G7.
Not surprisingly, Waterloo’s impressive research sectors have expanded towards the automotive industry where the institutions located at the Waterloo Region are the forefront researchers in the green revolution’s convergence with the auto industry.
4. Advanced Manufacturing
This sector covers about a quarter of the economic value created in the Waterloo Region in 2012 and has since continued to be a driving force of the local economy. Due to its access to a population of highly skilled and educated technicians, engineers, and professionals; the sector has since steered away from traditional means of manufacturing and is embracing a more modern and automated approach.
5. Business and Financial Services
As a key partner of the Toronto-Waterloo Corridor, which is the second largest technology cluster in North America, the region provides access to one of the fastest growing financial technology (FinTech) markets in the world and is Canada’s largest business and financial hub. Companies located in Waterloo aim to change the way the world handles money through the development of innovative decentralized applications and other financial solutions.
There are, of course, several industries that are worth investing once we make a move to settle in the Kitchener-Waterloo region. Some of these sectors include Food Processing, Artificial Intelligence, Quantum and Nanotechnology, and Security.
When it comes to investing in a particular sector, one must be aware of the potential developments it may have on the future and its benefits to consumers while also taking note of the potential risks. However, some may choose to diversify their investments by looking into several sectors, which also requires intensive research. Thankfully, the Kitchener-Waterloo region recognizes the significance of research, which is reflected in the constant development in their respective sectors, making it easier for you to make a financial decision.