As someone that lives a 1/2 hour or so from the Kitchener-Waterloo area I'm thinking it'll have a hard hitting effect on the K-W market, on par with Nortel's implosion in West Ottawa/Kanata. When I moved here I picked the location to be able to hit as many locations as possible for potential employment. With RIM going south, moving closer to Toronto is sounding like the way to go, to say nothing of the rise in competition there will be for Java/C coders