(905) 441 0770 allen@allenehlert.com

10 Fastest Growing Ontario Cities

by | March 7, 2025

Due to factors like economic growth, population growth, and infrastructure expansion, several cities in Ontario are expanding quickly. The fastest-growing cities often attract new residents due to job opportunities, quality of life, and relatively affordable housing compared to larger urban centres. Here are the 10 cities in Ontario that are growing the fastest:

Brampton: Part of the Greater Toronto Area, Brampton has been one of the fastest-growing cities in Ontario. Its diverse population, abundant economic opportunities, particularly in the manufacturing and logistics sectors, and close proximity to Toronto all contribute to its growth.

Milton: Also in the Greater Toronto Area, Milton has experienced rapid growth due to its location, quality of life, and relatively affordable housing options. Its population has been one of the fastest-growing in the region.

Waterloo: Known for its thriving tech sector and being part of the Toronto-Waterloo Region Corridor, Waterloo has seen significant growth. The presence of major tech companies and renowned universities like the University of Waterloo attracts young professionals and students, contributing to its growth.

Growing City: Toronto
Growing City

Guelph: Guelph is known for its robust economy, low unemployment rates, and high quality of life. These factors contribute to its rapid population growth and economic development.

Barrie: Located north of Toronto, Barrie has been growing rapidly due to its proximity to the GTA, making it an attractive location for those seeking more affordable housing options while working in or near Toronto.

Hamilton: Hamilton’s growth has been driven by its diversifying economy, with a shift from traditional manufacturing to health sciences and education sectors. Its affordability compared to Toronto also makes it an attractive destination for families and young professionals.

Ottawa: Ottawa, the nation’s capital, has been expanding steadily thanks to a thriving tech sector and stable public sector employment. The city’s high quality of life and cultural amenities also make it an attractive place to live.

London: Known for its education and healthcare sectors, London has been experiencing growth due to its economic stability, educational institutions like Western University, and its cultural scene.

Vaughan: Part of the GTA, Vaughan is known for its economic growth, particularly in construction, finance, and business services. The city has been expanding rapidly with new residential and commercial developments.

Kitchener: As part of the Kitchener-Waterloo region, Kitchener has been growing due to its burgeoning tech sector and its appeal as a more affordable alternative to the GTA.

These cities are characterized by their dynamic economies, quality of life, and in many cases, their proximity to Toronto, which remains a significant driver of growth in the province. It’s important to note that growth can bring challenges such as housing affordability and infrastructure demands, which these cities continue to address.

Mortgage and Money Radio Logo
Allen Ehlert

Allen Ehlert

Allen Ehlert is a licensed mortgage agent. He has four university degrees, including two Masters degrees, and specializes in real estate finance, development, and investing. Allen Ehlert has decades of independent consulting experience for companies and governments, including the Ontario Real Estate Association, Deloitte, City of Toronto, Enbridge, and the Ministry of Finance.

Financing Condition

Condition of Financing

When purchasing a property, buyers either pay for the entire property with their existing funds or they need to seek out financing by getting a mortgage. Previous to looking for a home, buyers need to have a relationship with a mortgage agent to create a financial...
Understanding HELOCS

Understanding HELOCS

A Home Equity Line of Credit (HELOC) is not a traditional mortgage but a type of revolving credit secured against the equity in your home. Canadians are very creative in their use of HELOCs using them for everything from investing, to debt consolidation, to using...
Liquidity

Mortgage Term: Liquidity Ratio

Discover how the liquidity ratio is used by underwriters to measure the ability of clients to meet their short-term obligations; such as their next mortgage payment.

Amortization

Understanding Amortization

When entering the world of homeownership, understanding the dynamics of your mortgage is crucial for financial planning. Among the key concepts in mortgage management is amortization. This article aims to demystify mortgage amortization, differentiate it from the...
Reasons to Break Your Mortgage

12 Reasons for Breaking Your Mortgage

Breaking Your Mortgage: Explore the implications and potential penalties for terminating your mortgage before maturity, and learn about options like portability and refinancing.

Exempt Contribution

Mortgage Term: Exempt Contribution

Learn about the implications of the exempt contribution and how it relates to registered accounts, indirectly impacting mortgages in several important ways.

Cash Back Mortgages

Understanding Cash Back Mortgages

Cash Back Mortgages. Home buying is a naturally expensive thing to be doing. You not only have to pay for the house, but you have substantial closing costs as well. You might want to make your new house ‘home ready’ by getting a few new pieces of furniture and don’t forget new window coverings like blinds, drapes, and curtains (never cheap). Wouldn’t it be nice to get a few thousand dollars back when you fund your mortgage to cover these costs?

Non-Recourse Loan

Mortgage Term: Non-Recourse Loan

Discover what a non-recourse loan is and what that means for mortgages in Canada. Is your mortgage a non-recourse loan, and what does that mean for you?

Insured Insurable Uninsurable Mortgages

Insured, Insurable, Uninsurable Mortgages Explained

Understand the differences between Insured, Insurable, and Uninsurable Mortgages for making informed decisions on your home purchase in Canada.

Zero Percent Loan

Mortgage Term: Zero Per Cent Loan

Discover what a zero per cent loan is, its unique characteristics, and how zero per cent loans relate to mortgages.