Cambridge Chamber of Commerce



Community Highlights

Population


  • 2016 population is 129,920 and is expected to grow to 176,000 by 2031

  • An estimated 48,640 households in 2015, 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


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


Labour


  • Within commuting distance of Kitchener, Waterloo, Guelph, Brantford, Mississauga, Milton, Hamilton and several communities in between

  • 2018 Cambridge has a labour force of 71,880 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


Diverse Industrial Base


  • 11,726 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 $156.3 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 8,000 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 Rivers


Relocating To Cambridge?

Designed for new Cambridge residents, the Relocation Guide is a service-oriented introduction to the communities, services and opportunities that are available to them as they begin a new life at home and work in Cambridge.   View the Guide.