Cambridge, Ontario, is located at the intersection of the Grand River, a Canadian Heritage River, and the Speed River in southwestern Ontario in the Waterloo region. Cambridge is a small lively city with historic architecture, spectacular natural attractions, and numerous entertainment opportunities.
It has four distinct centers: Galt, Hespeler, Preston, and Blair. The city is well-known for its historic limestone buildings from the mid-1800s, enriching it with history and walking you through 19th-century architecture.
The city has more than 50 km of natural and urban trails, some of them along its waterfront of the Speed and Grand rivers offering marvelous views for a scenic hike. If you prefer pedaling through the city, Cambridge is one of the best places to do so. The City of Cambridge has been awarded Bicycle Friendly status at the Bronze level. All newcomers to Cambridge are welcome with their bikes on 230 km of bike lanes, paved shoulders, wide-shared use lanes, and signed routes for on-road cycling.
Cambridge, Ontario, is home to 129,920 people, and its population keeps growing at a 1.18% rate per year. The city attracts newcomers with its charming architecture, character, history, lower cost of living than larger Canadian cities, and proximity to Toronto. The largest Canadian metropolis is only a 1-hour drive away from Cambridge. And of course, various amusing and mesmerizing local attractions which include:
- Hamilton Family Theater
- Cambridge Butterfly Conservatory
- Puslinch Lake
- McDougall Cottage Historic Site
- Grand Trunk Trail
- Riverside Park
- Fashion History Museum
- Mill Race Park
The abundance of attractions will excite visitors of any kind, and it’s an excellent destination to visit all year round.
Cambridge has one of Canada’s fastest-growing and most robust economies, which has experienced strong growth over the last decade in both output and employment. On average, $244 million has been invested annually in building construction in the last decade, with about one-third towards the new residential sector. Over the previous census period, the employment growth has been 3% annually, and business establishment has increased 3.4% annually. Cambridge has a thriving business climate, which is why many companies are moving and expanding here.
According to Statistics Canada, there are 11,726 businesses in all sectors in Cambridge, with a 7.3% increase from 2015. Small businesses (with nine or fewer employees) employ about 70% of the labor force in the city.
The largest industry in Cambridge is manufacturing, employing about 20% of the workforce. The city has more than 10,000 business establishments, and 5% of them are manufacturers.
Numerous other companies support the largest sector through services like
- Technical consulting
Some of the major employers in Cambridge include:
- Arriscraft International
- Automation Tooling Systems Inc.
- Cambridge Memorial Hospital
- Grand River Foods
- Toyota Motor Manfacturing Canada Inc.
Cambridge is in a highly industrialized area of Canada and has easy access to Toronto, southern Ontario, and bordering regions of the U.S. through the MacDonald Cartier Freeway (Highway 401). In addition, its location provides businesses in Cambridge with access to a consumer market of 1 million people within a 30-mile radius, 6 million people within 65 miles, and 130 million people within one day’s trucking.
Cambridge has a consumer market of over 500,000 people who live and work in the region. It is one of the best places to do business in Ontario for the following reasons:
- Cambridge is the most industrialized area within southern Ontario.
- It is strategically located in Canada’s Technology Triangle, known for a significant number of science and technology companies.
- It is right on Highway 401 for ready access to markets and major metropolitan areas.
- It’s a North American transportation hub.
- It has a skilled labor force of 70,050 people, and the surrounding region has a workforce of 283,680, with over 25% of the labor force being employed in manufacturing.
- It is an excellent place to invest.
- It has an entrepreneurial and diverse economy.
- It is a green entrepreneurial city.
- It is a safe and family-friendly community.
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