Waterloo

Small city · Ontario · Population 121,436

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Housing and jobs

Housing costs, rents, incomes and jobs in Waterloo, with comparisons and sources.

Affordability

5 · Poor

Average monthly rent$1,440/month

ON: $1,408/month · Canada: $1,209/month · 2006: $1,128/month · 2016: $1,264/month (in 2021 dollars) · Statistics Canada, 2021

Average rent, bachelor apartmentPurpose-built rentals, CMHC October survey.$1,255/month

Metro area average · CMHC, 2025

Average rent, 1-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,546/month

Metro area average · CMHC, 2025

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,816/month

Metro area average · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,861/month

Metro area average · CMHC, 2025

Rental vacancy rateShare of purpose-built rental apartments empty and available in October.4.2%

Metro area average · CMHC, 2025

Median dwelling value (owner-estimated)$750,000

ON: $700,000 · Canada: $472,000 · 2016: $441,118 (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing24%

ON: 24.2% · Canada: 20.9% · 2006: 22.9% · 2016: 24.5% · Statistics Canada, 2021

Economy

57 · Average

Median household income$94,000

ON: $91,000 · Canada: $84,000 · 2006: $91,319 · 2016: $89,867 (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)15.7%

ON: 5.8% · Canada: 5.2% · 2016: 6.3% · Statistics Canada, 2021

Unemployment rate12%

ON: 12.2% · Canada: 10.3% · 2006: 5.5% · 2016: 6.9% · Statistics Canada, 2021