 Goodwater's first village council was held on August 7, 1911.In 2011, Goodwater celebrated its 100-year anniversary from July 22–24 with a three-day event that included singing, two pancake breakfasts, an antique machinery show, and a performance by the BAD Boys.According to several sources, Goodwater was once called "Juell," prior to the arrival of the Canadian Northern Railway Company, circa 1909–1911.