Study reveals least and most affordable neighbourhoods in K-W
Posted Jun 14, 2019 10:30:00 AM.
This article is more than 5 years old.
A new study takes a look at some of the least and most affordable neighbourhoods in Kitchener and Waterloo.
The Zoocasa study analyzed the minimum income needed to buy the average home in each neighbourhood, and compared those numbers to the median household income of the municipality.
18 neighbourhoods in Kitchener and 13 in Waterloo were analyzed as part of the study. The findings showed that seven of the Waterloo neighbourhoods and nine of Kitchener's were in the realm of 'affordability'.
According to the study, the least affordable in Kitchener is Hidden Valley and Pioneer Tower, whereas the most afforable is Victoria Hills.
The housing prices are at their highest in Waterloo in the Upper Beechwood and Beechwood West neighbourhood, whereas Uptown Waterloo and North Ward are considered the most affordable.
