Vaughan outpacing Ontario and Canada in economic growth

Yorkregion.com
Feb. 23, 2017
By Maurizio Bevilacqua

Vaughan has undergone a tremendous transformation in the last seven years and is now at a turning point in its evolution. As one of the top places to live and do business in Canada, Vaughan is a city on the move. Building on this momentum, our vision for the future is becoming a reality. We are making headlines about our progress, as well as being recognized on the national and international stage.

We are blessed that the seeds we planted over the years are bearing fruit. Vaughan continues to outpace Ontario and Canada in economic growth. In the last year alone, the City issued $1.148 billion in building construction permits - over $3 million invested in our city every day. In addition, recent statistics from York Region reveal that employment in Vaughan increased from 2015 by more than 3.6 per cent or 7,200 additional jobs. Overall, the number of businesses grew to 11,370 with small business continuing to be a significant economic driver, making up 80 per cent of all the companies in this city.

Not only is our economy thriving, major city-building projects are being realized - a downtown core is rising from the ground, a state-of-the-art hospital is under construction and a subway is opening later this year. These are just some of the reasons why Vaughan is the place where people want to live, work and play.

We are an open and accessible community that is determined to achieve excellence. Our values are rooted in hope and optimism. The tremendous success we have realized is possible because of our collective efforts. We are driven by the desire to fulfil our potential. Our willingness to embrace change has created an attitude focused on raising the bar and always aiming higher. It is through collaboration and co-operation that we are putting Vaughan on the map, not only in Canada, but around the world.

We are taking charge of our future. The progress has been impressive and it is clear that Vaughan is the city of choice. I have confidence that we will fulfil our dreams and the promise of our great city. The best is yet to come!