Economy At A Glance*


The Overall Regional Economy***

2011 2012 2013 2014
Real Gross Domestic Product (GDP) ($000,000's) $25,000 $25,300 $25,900 NA
Patents per 10,000 population 19.0 15.4 NA NA
Census Population (Waterloo Region) 507,096 NA NA NA
Census Population (Kitchener-Cambridge-Waterloo CMA1) 477,160 NA NA NA
Total Population including students (Waterloo Region year-end) 552,000 556,400 563,000 568,500
Full-time resident student population 54,388 56,868 58,869 58,972
Median Family Total Income 
      Kitchener-Cambridge-Waterloo CMA $79,020 $80,570 NA NA
      Ontario $73,290 $74,890 NA NA
Median age    
      Waterloo Region 37.7 NA NA NA
      Ontario 40.4 NA NA NA


Labour Market**

2011 2012 2013 2014
Population 400,800 406,600 412,300 417,400
Labour force 289,900 290,900 299,700 302,600
Employment 270,500 271,600 278,900 283,100
   Full-time employment 218,800 216,100 223,000 228,900
   Part-time employment 51,700 55,500 55,800 54,200
Unemployment 19,300 19,300 20,800 19,500
Not in labour force 110,900 115,700 112,600 114,900
Unemployment rate 6.7% 6.6% 6.9% 6.4%
Participation rate 72.3% 71.5% 72.7% 72.5%
Employment rate 67.5% 66.8% 67.6% 67.8%


Housing***

2011 2012 2013 2014
Housing Starts
Kitchener-Cambridge-Waterloo CMA 2,954 2,900 1,840 4,450
    Single-detached 1,186 871 690 869
    Multi-unit 1,768 2,029 1,150 3,581
Ontario 67,821 76,742 61,085 59,134
    Single-detached 26,884 25,567 23,270 23,691
    Multi-unit 40,937 51,175 37,815 70,886
New housing price index
    Kitchener-Cambridge-Waterloo CMA 107.4 110.5 111.3 112.2
    Ontario 109.9 114.4 116.8 118.7
Private Apartment Rental Rates (Kitchener-Cam bridge-Waterloo CMA) $842 $862 $906 $918
Private Apartment Average Vacancy Rates (Kitchener-Cambridge-Waterloo CMA) 1.7% 2.6% 2.9% 2.0%


Business**

Establishment counts in Waterloo Region 2011 2012 2013 2014
Establishment counts in Waterloo Region
Number of businesses (Employees indeterminate)2 17,603 18,269 19,422 16,629
Number of businesses (1-4 employees) 7,457 7,479 7,957 8,051
Number of businesses (5-9 employees) 2,941 2,921 3,258 3,046
Number of businesses (10-19 employees) 1,992 2,000 2,135 1,998
Number of businesses (20-49 employees) 1,327 1,358 1,536 1,419
Number of businesses (50-99 employees) 466 478 489 467
Number of businesses (100-199 employees) 213 205 224 228
Number of businesses (200-499 employees) 123 134 117 137
Number of businesses (500+ employees) 44 42 39 42
Total 32,166 32,886 35,177 32,017


Business Real Estate and Construction**

Kitchener-Cambridge-Waterloo ICI Real Estate indicators 2011 2012 2013 2014
Office: vacancy rate % 8.4 8.8 10.0
Office: average asking lease rate (base rate) $11.33 $12.48 $12.09
Industrial: vacancy rate % 6.6 7.1 6.6
Industrial: average asking lease rate (base rate) $4.18 $4.30 $4.42
Construction values (Seasonally Adjusted, $000's) 2011 2012 2013 2014
Industrial
    Kitchener-Cambridge-Waterloo CMA $268,967 $78,291 $64,977 $107,418
    Ontario $1,992,730 $2,381,154 $2,294,592 $2,285,089
Commercial
    Kitchener-Cambridge-Waterloo CMA $208,904 $215,112 $192,197 $196,573
     Ontario $5,290,730 $6,184,258 $6,894,271 $6,397,591
Institutional
    Kitchener-Cambridge-Waterloo CMA $294,476 $184,806 $123,104 $254,606
    Ontario $4,620,737 $3,600,232 $2,476,980 $3,053,396




  1. The Kitchener-Cambridge-Waterloo CMA is the Census Metropolitan Area consisting of Kitchener, Cambridge, Waterloo, Woolwich and North Dumfries.
  2. Establishments in the "Employees indeterminate" category do not maintain an employee payroll, but may have a workforce which consists of contracted workers, family members or business owners. However, the Business Register does not have this information available, and has therefore assigned the establishments to an "indeterminate" category



*To view our data sources, please click here
**This data is updated on a semi-annual basis.
***This data is updated on an annual basis.