Metropolitan Outlook 2: Kitchener–Cambridge–Waterloo—Winter 2017

Document Highlights

Real GDP is forecast to rise 2.8 per cent in 2017, following 3.2 per cent expansion in 2016.

We expect employment growth to hit 1.5 per cent in 2017, up from 1.1 per cent in 2016. Kitchener’s unemployment rate is forecast to dip to 5.3 per cent in 2017, from 5.5 per cent in 2016.

Housing starts will drop 25 per cent to roughly 2,700 units in 2017.