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Cambridge Ontario
 
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Economic Profile

 

Location

  • Cambridge covers a land area of 112.82 square kilometres and has an elevation of approximately 300 metres.
  • ideal location for "Just in Time" manufacturing due to climate and road transportation
  • within southern Ontario, the most industrialized area of Canada
  • right on Highway 401 for ready access to markets and major metropolitan areas
  • within 50 to 130 kms. (30 to 80 miles) of Toronto including the border crossings of Niagara Falls/Buffalo
  • within 50 minutes of Toronto's international airport for global travel needs
  • nestled along the Grand River, a Canadian Heritage River


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 approx. 67,225 and the surrounding Region has a workforce of 269,265 including an excellent pool of skilled workers over
  • 1/4 of the labour force is employed in manufacturing

 

Growing Population

  • 2013 yearend population estimated at 133,000 and is expected to grow to 173,000 by 2029
  • an estimated 47,770 households in 2012 which is forecasted to reach 51,000 by 2016
  • Cambridge is part of the Region of Waterloo, with a 2013 yearend population of 563,000 which is forecasted to reach 712,000 in the year 2029


Diverse Industrial Base

  • 7,512 business tenancies of which 495 are manufacturing businesses, and these range in diversity from traditional textile manufacturing to leading edge science and technology firms (Toyota Motor Manufacturing Canada, ATS Automation Tooling Systems Inc., COM DEV International Ltd., Novocol Pharmaceutical of Canada Inc., Loblaw Companies East, Canadian General Tower, and Babcock & Wilcox)
  • strong manufacturing support system through various specialized machine shops, technology-based services and University-sponsored research opportunities
  • within larger urban area, Canada's Technology Triangle (CTT), recognized for having a significant critical mass of science and technology based companies
  • City involvement in industrial land development and community marketing


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 2013 is valued at $6.7 million.
  • New residential construction in 2013 is valued at $83.2 million representing 446 housing starts.
  • The total building permit value for 2013 is $152.4 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. 2008 marked the 20th anniversary of production for TMMC, which has increased its production from the initial 50,000 units in 1988/89, to over 300,000 units (Lexus RX330/350, Corolla and Matrix models) in 2007. At the Woodstock plant, production of RAV4 vehicles is underway.
  • The City of Cambridge offers reasonable taxes.


Enviable Lifestyle

  • Affordable housing. The average price for a home in Cambridge as of March 2014 was $303,831 vs. Ontario average of $435,046 and Canadian average of $401,419.
  • Excellent schools, a number of recreational facilities and 4 public library branches.
  • More than 100 Parks covering more than 365 hectares and 14 golf courses within driving distance.
  • Numerous organized sporting and leisure activities and a variety of cultural events.
  • 7 ice surfaces, 2 private arenas, 5 indoor and 4 outdoor pools, 1 indoor and 15 outdoor soccer fields.
  • Over 70 km of trails with over half along the banks of the Grand and Speed Rivers.
 

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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