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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
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