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Cambridge Ontario
 
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Economic Profile

 

Location

  • Ideal location for “Just in Time” manufacturing due to climate and road transportation network
  • Nestled along the Grand River, a Canadian Heritage River
  • Within Southern Ontario, the most industrialized area of Canada
  • Strategically located in Canada's Technology Triangle known for its significant number of technology, science, and advanced manufacturing companies
  • Right on Highway 401 for ready access to markets and major metropolitan areas
  • Within 50 to 130 km (30 to 80 miles) of Toronto including the border crossings of Niagara Falls/Buffalo
  • Within 50 minutes of Toronto's Pearson International Airport for global travel needs


Dedicated Skilled Labour Force

  • Within commuting distance of Kitchener, Waterloo, Guelph, Brantford, Mississauga, Milton, Hamilton and several communities in between

  • Cambridge has a labour force of 71,880 and the surrounding Region has a workforce of 290,430 including an excellent pool of skilled workers

  • Over 17% of the labour force is employed in skilled trades, 4% more than the provincial labour force estimates

 

Growing Population

  • 2018 population is 135,060, which is a 1.5% increase over 2017

  • An estimated 49,160 households in 2018, which is forecasted to reach 51,000 by 2019

  • Cambridge is part of the Region of Waterloo, with an estimated 2018 population of 601,220 which is forecasted to reach 607,620 by the end of 2019

  • City involvement in industrial land development and community marketing


Diverse Industrial Base

  • 10,853 businesses, of which 497 are manufacturing businesses which range in diversity from advanced manufacturing to leading edge science and technology firms

  • Strong manufacturing support system through various specialized machine shops, technology-based services and University-sponsored research opportunities


Strong Economic Growth

  • The economy of Cambridge has experienced strong growth over the past decade in both output and employment

  • Non-residential construction in 2018 was valued at $78 million.

  • Residential construction in 2018 was valued at $140 million representing 482housing starts

  • The total building permit value for 2018 was $249 million

  • Toyota Motor Manufacturing Canada is the largest employer in Cambridge with a 3.01 million square foot facility on 400 acres, employing 6,000 people

  • The City of Cambridge offers reasonable taxes


Lifestyle

  • Affordable housing. The average price for a home in Cambridge as of December 2018 was $472,000 vs. the Region of  Waterloo average of $515,000, Ontario average of $590,000 and Canadian average of $600,000.

  • Excellent schools, 12 community centers and 5 public library branches

  • Over 100 Parks covering more than 408 Hectares and 14 golf courses within driving distance

  • 140 sports fields, numerous organized sporting and leisure activities with a wide variety of cultural events

  • 7 ice surfaces, 2 private arenas, 5 indoor and 4 outdoor pools, 15 indoor soccer fields

  • Over 70 km of trails, with over half along the banks of the Grand and Speed Rivers

 

Grand River & City Scenes


BridgeMixed shots taken in the heart of Cambridge, Ont. Located by the Grand River, Cambridge offers a wonderful mix of nature and historic architecture.  More
 

Speed River Millpond & Dam


Guy SmilingSpeed River Mill Pond Dam: Early summer views of Jacob’s Landing, the Silknet Dam, Hesepler Mill Pond and the Speed River.

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Riverside Park


Happy WomanRiverside Park: The largest park in Cambridge, Riverside Park in Preston encompasses 102 hectares (256 acres) and is situated beside an 1890 millpond on the Speed River
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