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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 70,050 and the surrounding Region has a workforce of 281,600 including an excellent pool of skilled workers
  • Approximately 18% of the regional labour force is employed in manufacturing

 

Growing Population

  • 2016 population is 133,900 and is expected to grow to 176,000 by 2029
  • An estimated 48,640 households in 2016, which is forecasted to reach 51,000 by 2018
  • Cambridge is part of the Region of Waterloo, with an estimated 2016 population of 535,154 which is forecasted to reach 729,000 in the year 2029


Diverse Industrial Base

  • 11,144 businesses, of which 559 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
  • New Non-residential construction in 2016 was valued at $36.6 million.
  • Residential construction in 2016 was valued at $156.4 million representing 362 housing starts
  • The total building permit value for 2016 was $271.6 million
  • Toyota Motor Manufacturing Canada is the largest employer in Cambridge with a 3.01 million square foot facility on 400 acres, employing 4,500 people
  • The City of Cambridge offers reasonable taxes
  • City involvement in industrial land development and community marketing


Lifestyle

  • Affordable housing. The average price for a home in Cambridge as of August, 2017 was $434,471 vs. Ontario average of $517,379.
  • Excellent schools, 12 community centers and 4 public library branches
  • 100 Parks covering more than 365 Hectares and 14 golf courses within driving distance
  • 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 River
 

Grand River & City Scenes


Bridge A mix of shots taken in the heart of Cambridge, Ontario. Located by the Grand River, the city has a wonderful mix of nature and architecture.  More
 

Speed River Millpond & Dam


Guy SmilingEarly summer views of Jacob's Landing, the Silknit dam, Hespeler millpond and Speed River, bookended with relevant water quotes. More
 

Riverside Park Winter's Tail


Happy Woman The largest park in Preston (Cambridge) at 102 hectares (256 acres), Riverside is situated beside an 1890 millpond on the Speed River. 
 More

 

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