Ciena Corp's Planned Addition of 353 New Jobs Positive for Home Prices in Kanata

Ciena Corp announced a planned $900M investment in their central labs at their Moodie Drive facility and creation of an additional 353 new jobs over the next 5 years.

The combined effect of the Ciena expansion and DND's planned consolidation in the old Nortel Complex on Moodie Drive, will be to attract as many as 3000 or 4000 new households to the immediate area over the next several years.

This additional demand will both increase demand for new construction and for resale homes in the area, as well as contribute to higher prices.