Key Economic Indicators

Waterloo Region's Gross Domestic Product (GDP) consistently achieves annual growth greater than two per cent and growth is projected to be within the Top 5 metropolitan areas in Canada. The region's growth is supported by various factors, including the construction of ION Light Rail Transit, increased business investment and population growth.

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With the exception of the 2008 financial crisis, job growth in Kitchener, Cambridge and Waterloo has been robust and steady for over 15 years.

See Job Growth in Kitchener-Cambridge-Waterloo
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The value of building permits has experienced strong growth in the last decade. Much of this growth is attributed to the ION LRT project, job growth and evolving demographics which is supporting development along the Region's Central Transit Corridor.  

For more information see the annual Building Permit Activity Report (2020).

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See Percent of Units in Built Up Area
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