Westmount

Neighbourhood in Waterloo · Ontario · Population 3,056

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Approximate boundaries

Waterloo doesn't publish neighbourhood boundaries, so AreaScore draws from the Census areas nearest where the name is placed by Natural Resources Canada, Wikidata, OpenStreetMap or AreaScore's own research. The outline follows Census lines and may not match how residents draw it. Figures marked city-wide are for all of Waterloo.

Housing and jobs

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

Affordability

36 · Below average

Average monthly rent$1,634/month

Waterloo: $1,440/month · Canada: $1,209/month · 2006: $899/month (estimated) · 2016: $1,098/month (estimated) (in 2021 dollars) · Statistics Canada, 2021

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

City-wide figure for Waterloo · CMHC, 2025

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

City-wide figure for Waterloo · CMHC, 2025

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

City-wide figure for Waterloo · CMHC, 2025

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

City-wide figure for Waterloo · CMHC, 2025

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

City-wide figure for Waterloo · CMHC, 2025

Median dwelling value (owner-estimated)$812,827

Waterloo: $750,000 · Canada: $472,000 · Estimated · 2016: $498,518 (estimated) (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing13.6%

Waterloo: 24% · Canada: 20.9% · 2006: 18.2% (estimated) · 2016: 15.7% (estimated) · Statistics Canada, 2021

Economy

76 · Good

Median household income$117,281

Waterloo: $94,000 · Canada: $84,000 · Estimated · 2006: $96,713 (estimated) · 2016: $109,886 (estimated) (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)15.7%

Canada: 5.2% · City-wide figure for Waterloo · Statistics Canada, 2021

Unemployment rate9.3%

Waterloo: 12% · Canada: 10.3% · 2006: 5.2% (estimated) · 2016: 5% (estimated) · Statistics Canada, 2021