Economy At A Glance*

  Download as an excel file, 2010-2015
 

The Overall Regional Economy***

2011 2012 2013 2014 2015
Real Gross Domestic Product (GDP) ($000,000's) $25,000 $25,300 $25,900 $26,400 NA
Patents per 10,000 population 19.0 15.4 NA NA NA
Census Population (Waterloo Region) 507,096 NA NA NA NA
Census Population (Kitchener-Cambridge-Waterloo CMA1) 477,160 NA NA NA NA
Total Population including students (Waterloo Region year-end) 552,000 556,400 563,000 568,500 575,000
Full-time resident student population 54,388 56,868 58,869 58,972 22,370
Median Family Total Income 
      Kitchener-Cambridge-Waterloo CMA $79,020 $80,570 82,160 84,380 NA
      Ontario $73,290 $74,890 76,510 78,790 NA
Median age    
      Waterloo Region 37.7 NA NA NA NA
      Ontario 40.4 NA NA NA NA


Labour Market**

2011 2012 2013 2014 2015
Population 400,800 406,600 412,300 417,400 421,700
Labour force 289,900 290,900 299,700 302,600 297,100
Employment 270,500 271,600 278,900 283,100 279,800
   Full-time employment 218,800 216,100 223,000 228,900 223,300
   Part-time employment 51,700 55,500 55,800 54,200 56,400
Unemployment 19,300 19,300 20,800 19,500 17,400
Not in labour force 110,900 115,700 112,600 114,900 124,500
Unemployment rate 6.7% 6.6% 6.9% 6.4% 5.9%
Participation rate 72.3% 71.5% 72.7% 72.5% 70.5%
Employment rate 67.5% 66.8% 67.6% 67.8% 66.4%


Housing***

2011 2012 2013 2014 2015
Housing Starts
Kitchener-Cambridge-Waterloo CMA 2,954 2,900 1,840 4,450 3,212
    Single-detached 1,186 871 690 869 995
    Multi-unit 1,768 2,029 1,150 3,581 2,217
Ontario 67,821 76,742 61,085 59,134 70,156
    Single-detached 26,884 25,567 23,270 23,691 24,953
    Multi-unit 40,937 51,175 37,815 70,886 90,406
New housing price index
    Kitchener-Cambridge-Waterloo CMA 107.4 110.5 111.3 112.2 114.1
    Ontario 109.9 114.4 116.8 118.7 121.7
Private Apartment Rental Rates (Kitchener-Cam bridge-Waterloo CMA) $842 $862 $906 $918 $947
Private Apartment Average Vacancy Rates (Kitchener-Cambridge-Waterloo CMA) 1.7% 2.6% 2.9% 2.3% 2.4%


Business**

Establishment counts in Waterloo Region 2011 2012 2013 2014 2015
Establishment counts in Waterloo Region
Number of businesses (Employees indeterminate)2 17,603 18,269 19,422 32,017 33,270
Number of businesses (1-4 employees) 7,457 7,479 7,957 8,051 8,295
Number of businesses (5-9 employees) 2,941 2,921 3,258 3,046 3,186
Number of businesses (10-19 employees) 1,992 2,000 2,135 1,998 2,201
Number of businesses (20-49 employees) 1,327 1,358 1,536 1,419 1,545
Number of businesses (50-99 employees) 466 478 489 467 535
Number of businesses (100-199 employees) 213 205 224 228 229
Number of businesses (200-499 employees) 123 134 117 137 138
Number of businesses (500+ employees) 44 42 39 42 45
Total 32,166 32,886 35,177 47,405 49,444


Business Real Estate and Construction**

Kitchener-Cambridge-Waterloo ICI Real Estate indicators 2011 2012 2013 2014 2015
Office: vacancy rate % 8.4 8.8 10.0 NA NA
Office: average asking lease rate (base rate) $11.33 $12.48 $12.09 NA NA
Industrial: vacancy rate % 6.6 7.1 6.6 NA NA
Industrial: average asking lease rate (base rate) $4.18 $4.30 $4.42 NA NA
Construction values (Seasonally Adjusted, $000's) 2011 2012 2013 2014 2015
Industrial
    Kitchener-Cambridge-Waterloo CMA $268,967 $78,291 $64,977 $107,418 $146,030
    Ontario $1,992,730 $2,381,154 $2,294,592 $2,285,089 $2,557,701
Commercial
    Kitchener-Cambridge-Waterloo CMA $208,904 $215,112 $192,197 $196,573 $237,340
     Ontario $5,290,730 $6,184,258 $6,894,271 $6,397,591 $5,965,696
Institutional
    Kitchener-Cambridge-Waterloo CMA $294,476 $184,806 $123,104 $254,606 $121,151
    Ontario $4,620,737 $3,600,232 $2,476,980 $3,053,396 $3,426,698




  1. The Kitchener-Cambridge-Waterloo CMA is the Census Metropolitan Area consisting of Kitchener, Cambridge, Waterloo, Woolwich and North Dumfries.
  2. Due to a broader definition of businesses included in December 2014 and onward, Statistics Canada cautions that data comparisons to previous Canadian Business Patterns should not be made. Establishments in the "Employees indeterminate" category do not maintain an employee payroll, and may be without employees, 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.