YKF is growing Fast!

Region of Waterloo International Airport is Growing: What It Means for Buyers | Tyler Palubiski
Local Development  ·  Waterloo Region

Your Own Airport
is Growing Fast

By Tyler Palubiski  ·  Real Estate Broker  ·  Shaw Realty Group  ·  Cambridge, Ontario

The Region of Waterloo International Airport has gone from a regional footnote to one of the fastest-growing airports in Canada. For anyone living here, or thinking about moving here, that is a bigger deal than it sounds.

Most people in the GTA drive 45 minutes to an hour just to reach Pearson, park for a small fortune, and fight their way through one of the busiest airports on the continent. Residents of Cambridge, Kitchener, and Waterloo have a different option: a 10 to 20 minute drive to a compact, low-stress airport with direct flights to sun destinations, major Canadian cities, and growing connectivity to Pearson through a dedicated motorcoach service.

That convenience alone is a meaningful quality-of-life advantage. And with a $616 million, 20-year growth plan now approved by Regional Council, it is only going to improve. Here is what is happening at YKF and why it matters for people buying in Waterloo Region.

01 How Far YKF Has Come

Not long ago, the Region of Waterloo International Airport (airport code YKF, located in Breslau) was handling roughly 80,000 passengers a year. It was functional, but it was not a serious alternative to driving to Toronto. That changed fast.

The arrival of ultra-low-cost carriers, a terminal expansion that doubled the building from 30,000 to over 60,000 square feet, and a sharp rise in demand from residents tired of the Pearson commute combined to produce one of the more dramatic growth stories in Canadian aviation. By 2024, the airport was recording 523,210 passengers — its all-time high. In 2025, passenger numbers came in at roughly 426,500, dipping from that peak largely due to a reduction in U.S. routes, but still placing YKF among the top tier of regional airports nationally for runway activity.

554% Passenger growth since 2019
$616M 20-year approved growth plan
$220M+ Annual direct economic impact

The terminal expansion completed a few years ago brought capacity to approximately one million passengers per year. The airport is not close to hitting that ceiling yet, but the infrastructure is in place to grow into it, and the long-term plan is built around reaching it and going further.

02 Where You Can Fly
From Your Backyard

The current route network at YKF is a genuine alternative to Pearson for a meaningful portion of what most Waterloo Region residents actually travel for. Domestic and sun destinations are the core of what is on offer right now, served by Flair Airlines, WestJet, and Sunwing.

Domestic Routes

Calgary, Vancouver, Halifax, and Edmonton are all served with direct flights. For anyone with family or business connections across the country, skipping the Pearson drive is a meaningful perk.

Sun Destinations

Cancun, Punta Cana, Fort Lauderdale, Orlando, and Puerto Vallarta. Flying south for the winter from 15 minutes away instead of two hours is a quality-of-life difference that adds up every year.

Air Canada Landline

For destinations YKF does not serve directly, Air Canada operates a motorcoach connection between Waterloo Regional Airport and Toronto Pearson, running 10 return trips daily. Passengers check in at Waterloo and connect to Air Canada's full network at Pearson without needing to manage the drive themselves. It is a small thing that quietly fills a big gap in the airport's reach.

The route network will grow as passenger demand grows. The airport has been deliberate about attracting low-cost carriers, and that positioning gives it a competitive angle that larger airports cannot replicate. Travellers who are price-sensitive and live in the Region have a compelling reason to fly from Breslau rather than making the trip to Toronto.

03 The 20-Year
Growth Plan

Regional Council has approved a long-term growth plan for YKF that sets the direction for the airport over the next two decades. The $616 million plan is organized around five priorities, and together they point toward an airport that will look significantly different from what exists today.

A Future Net-Zero Terminal The long-term plan includes a new terminal building designed to net-zero standards, replacing or substantially expanding the current facility to meet projected demand as the Region grows toward a population of one million.
Runway Extension Runway 14-32 is planned to extend from 1,250 metres to 2,134 metres, enabling it to serve larger aircraft categories. The federal environmental assessment process has been completed, with no further review required. This is a foundational piece for attracting new carriers and routes.
Multimodal Transit Integration The vision for YKF includes connections to GO Transit, ION light rail, and Grand River Transit, positioning the airport as a mobility hub integrated into the Region's broader transit network, not just a standalone facility at the edge of the city.
Aerospace Campus Airport lands are being planned for an aerospace sector campus, supporting the aviation and aerospace businesses already operating at YKF and creating a cluster for industry growth through AeroWR, the Region's aerospace development initiative.
Infrastructure Ahead of Demand Rather than reacting to growth after the fact, the plan is designed to build infrastructure in advance of demand, so the airport does not hit capacity constraints that slow its development.
04 What It Means
for Buyers and Owners

Airport growth is an infrastructure story, and infrastructure investment is one of the more durable signals of long-term confidence in a region. A $616 million commitment to an airport is a statement about where the population is going and what the economy is expected to support. That is the kind of foundation that holds property values up over time.

For buyers relocating from the GTA, the airport changes the math on leaving Toronto in a specific way. One of the real hesitations people have about moving to Waterloo Region is losing convenient access to international flights. YKF does not erase that concern entirely, but it meaningfully reduces it. Direct flights to sun destinations and major Canadian cities from a 15-minute drive is a very different proposition from the Pearson commute — and it keeps improving.

A growing airport means more routes, more passengers, and more economic activity. For Waterloo Region, it is one more signal that this is not a secondary market quietly waiting to be discovered. It already has been.

The transit integration piece of the 20-year plan is also worth watching. An airport connected to ION and GO Transit is an airport that becomes accessible without a car, which changes who can use it and how often. That is a long-term play, but it is the kind of infrastructure investment that shapes neighbourhoods and commuting patterns for generations.

Waterloo Region is growing, its airport is growing with it, and the investment committed to YKF over the next 20 years is built around the expectation that both trends continue. If you are thinking about buying here, that is context worth having.

05 Neighbourhoods to Watch
Near the Airport

Two established Kitchener neighbourhoods sit just minutes from YKF and are well positioned to benefit as the airport continues to grow. Both offer genuine community character, mature streetscapes, and access to the green space and trail networks that make this part of the Region attractive to families and professionals alike.

Chicopee & Freeport

Tucked along the Grand River with direct access to the Chicopee Ski Area and a tight-knit community feel, Chicopee and Freeport are among Kitchener's most distinctive neighbourhoods. Close to the 401 and YKF, they appeal strongly to commuters and buyers who want outdoor access without sacrificing convenience.

Explore Chicopee & Freeport →

Idlewood

A quiet, established neighbourhood in east Kitchener, Idlewood offers mature lots, a strong sense of community, and easy access to major routes including the 401. Its proximity to the airport corridor makes it a smart long-term hold for buyers who want stability and convenience in the same package.

Explore Idlewood →

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