business and investment Profile

Vaughan.Open for Business.

Contents

2 members of the Council

3 How does vaughan measure up?

4 a Growth Centre

5 Connected

6 leader in Construction activity

7 robust & diverse economy

8 Well-trained & multi-linguistic labour force

9 low Cost business location

10 Cost Competitive Position

11 infrastructure investments

12 large and Competitive employment lands

13 strategic location: vaughan enterprise Zone

14 strong & stable real estate

15-18 the future downtown: vaughan metropolitan Centre

19 accelerating innovation

20 destination of Choice

1

2

Vaughan is the Magnet for Business Growth and Prosperity

Members of the Council 2010-2014

the City of vaughan is a world-class City and as you will discover is the gateway for business, goods and services. We have a vibrant and prosperous business community because we understand what businesses need. We encourage innovation and opportunity with the knowledge that the world has changed and is truly a global marketplace. vaughan has the advantage of being the gateway for economic activity in the Greater toronto area.

With a strong economic foundation, vaughan is linked to the world by extensive road, rail, air, and telecommunications networks. the City’s strength is clearly demonstrated through all it has to offer – one of the lowest commercial and industrial tax rates in the Gta, close proximity to world class research institutions, safe neighbourhoods, mixed housing choices, parks and abundant green spaces – in short, a vibrant and progressive quality of life for our businesses and residents.

We have a thriving business community that includes small entrepreneurial enterprises and multinational corporations. our proudest achievements lie in our growing and diverse economy that will enable vaughan to make the most of its investment potential for years to come.

regional Councillor

Gino Rosati

regional Councillor

Michael Di Biase

regional Councillor

Deb Schulte

Councillor Ward 1

Marilyn Iafrate

Councillor Ward 2

Tony Carella

Councillor Ward 3

Rosanna DeFrancesca

Councillor Ward 5

Alan Shefman

Councillor Ward 4

Sandra Yeung Racco

mayor

Maurizio Bevilacqua

• located in the economic engine of Canada, the Greater toronto area (Gta), vaughan has access to a labour force of more than 3.2 million

• a business-friendly jurisdiction with the second lowest industrial property taxes in the Gta

• it’s Canada’s continental gateway and distribution hub: Cn’s largest classification yards and CP’s largest inter-modal terminal are located in vaughan

• World markets are easily accessible: Pearson international airport, Canada’s busiest airport is 20 minutes away and our road distribution networks provide access to 135 million us consumers and 20 million Canadian consumers within one-day’s drive

• vaughan led the country as the municipality with the largest job increase over the 2001-2006 period, 22.2% growth

• vaughan is located in a region with a strong research & development focus – nine universities and eight colleges are within commuting distance

How Does Vaughan Measure Up?

Vaughan’s economy ranks as one of Canada’s top three cities, according to the 2010 Conference Board of Canada’s “City Magnets II” study.

3

A Growth Centre

• Historically, vaughan has been one of the fastest growing municipalities in Canada

• Current 2011 population of 298,000 people is expected to grow to 416,600 by 2031

• employment growth is projected to grow from 158,000+ jobs (2009) to 266,100 jobs by 2031

• Population-driven employment (i.e. retail, business and personal services) have been rising in response to the population growth experienced over the last decade

A Growth Centre

PoPulATIon & eMPloYMenT GRowTh PRojeCTIonS

In 2008, Canadian Business Magazine ranked Vaughan as the 12th best city in Canada in which to do business. Among the GTA cities on the list, Vaughan held the highest ranking.

4

200,000

249,300

150,000

100,000

300,000

250,000

350,000

400,000

2010 2015 2020 20252006 2031

450,000

296,000

160,000

416,600

266,100

159,200

Popu

latio

n an

d em

ploy

men

t

Population

employment

• Canada’s busiest airport, Pearson international airport is located on the western boundary of vaughan, within a 20-minute drive

• Continental gateway location for rail

• Provincial highway systems provide direct access to the us interstate highway system in less than 1.5 hours drive

• Port of toronto located just 30 km south of vaughan

Connected

Access to 135 million uS and 20 million Canadian consumers within a one-day drive.

DISTANCE TO SELECTED CITIES

City Kilometres miles drivinG time (Hrs)

Kitchener-Waterloo 107 66 1.25

niagara falls 146 91 1.75

buffalo 176 109 2.5

detroit 374 232 4.75

ottawa 460 286 5

Cleveland 486 302 5.75

Pittsburgh 528 328 6.2

montreal 552 343 6.2

new york City 808 502 9.25

Philadelphia 819 509 9.1

Washington dC 823 511 10.2

Chicago 842 523 9.25

boston 903 561 10

Charlotte 1,239 770 13.2

atlanta 1,536 954 16.3

memphis 1,569 975 16.5

Source: Mapquest400 km

(250

m)

800 k

m (5

00 m

)

1200 k

m (7

50 m

)

AtlanticOcean

Lake Ontario

Lake Erie

Lake Huron

Lake Michigan

Lake Superior

NY

PA

MI

OH

Cleveland

Toronto

Nashville

LouisvilleSt. Louis

Indianapolis

Charlotte

Raleigh

Washington DC

Buffalo

New York City

Philadelphia

Columbus

Detroit

Pittsburgh

Sault Ste. Marie

Thunder Bay

Ottawa

Milwaukee

Minneapolis

Des Moines

Duluth

Boston

Sudbury

Quebec

Montreal

Fredericton

DEMD

KY

ME

VT NH

MA

RICT

VA

WVIN

IL

NCTN

MO

IA

WI

NJ

Sept lles

Vaughan

ON

QC

5

• vaughan is one of the leading municipalities in Canada in terms of value of building permits on a per capita basis

• despite the economic softening, vaughan consistently places among the top ten Canadian municipalities for construction activity

2010 ToP CAnADIAn CITIeS BY BuIlDInG PeRMIT VAlue

value (’000s) # Permits

toronto $6,596,328 12,386

Calgary $2,868,306 14,902

edmonton $2,700,666 9,016

montréal $2,047,925 12,483

ottawa $1,860,645 6,469

vancouver $1,475,485 4,393

brampton $1,463,442 5,694

Wood buffalo $1,453,164 2,480

Vaughan $1,337,998 4,062

surrey $1,201,663 4,016

Source: Statistics Canada, Publication 64-001-XWF, March 2011

ConSTRuCTIon ACTIVITY In VAuGhAn 2000-2010

residential

Commerical

industrial

institutional

miscellaneous

valu

e of

bui

ldin

g Pe

rmit

s (m

illio

ns $

)

year

6

Leader in Construction Activity

• vaughan’s business base is comprised of 9,000 enterprises

• diverse economic base has allowed the City to successfully weather the national and international economic challenges

• vaughan’s economic base includes manufacturing, wholesale trade, transportation & logistics and construc-tion trades

• an innovative technology sector is emerging, with products ranging from communications, space laser instrumentation, green automotive technologies and building technologies

Robust & Diverse Economy

ToP 10 SeCToRS BY eMPloYMenT, 2010

manufacturing 24%retail trade 12%Construction 12%Wholesale trade 9%transportation & Warehousing 7%accommodation & food services 6%Professional, scientific services 5%arts, entertainment & recreation 5%educational services 3%other services 3%all others 14%

SELECTEd CORPORATE HEAdQUARTERS IN VAUGHAN

ComPany name # of emPloyees

ab sciex 490adidas Canada 120alfield industries / martinrea 305arla foods 30assa abloy Canada inc. 62bfi Canada 70bausch & lomb 107Cara operations 260Cardinal Health Canada 150Conair Consumer Products inc. 140Concord Confections inc. 450digital security Controls 320fred deeley imports ltd. 97Ganz 1,000Jones apparel Group of Canada inc. 85longos brothers 350miele ltd. 148optech 250Priszm brandz 350ruggedCom 215st. Joseph Communications 300sanyo Canada inc. 53smart!Centres 300toro aluminum 345vision Group of Companies 1,000

Source: City of Vaughan, Economic Development Department, YRES 2010Source: City of Vaughan, Economic Development Department, YRES 20107

• a diverse population with multi-linguistic capabilities, high educational attainment and skills training offers a competitive edge in business

• 80% are under the age 55; the median age is 35.9 years

• 30% have a university education compared with the provincial figure of 24%

• 20% of new residents in vaughan are immigrants

Well-Trained & Multi-Linguistic Labour Force

eDuCATIonAl ATTAInMenT lABouR FoRCe BY oCCuPATIon

8

apprenticeship, trades Certificate 7.2%

College diploma 16.5%

university diploma below 5.3% bachelor level

university degree 24.3%

no Certificate, diploma or degree 22.3%

High school Certificate 24.4% or equivalent

Source: Statistics Canada, Census 2006

Primary industry 0.7%Processing, manufacturing, utilities 6.0%management 13.2%business and finance 22.2%natural and applied science 7.8%Health 3.8%social services, education 8.6%art and Culture 2.7%sales and services 21.8%trades, transport 13.2%

Source: Statistics Canada, Census 2006

Vaughan has one of the lowest industrial and commercial taxes in the GTA:

Industrial rate: 2.457994% Commercial rate: 2.157674%

Low Cost Business Location

SELECTEd GTA INdUSTRIAL & COmmERCIAL TAx RATES

muniCiPality industrial CommerCial

Vaughan 2.457994% 2.157674%

richmond Hill 2.461500% 2.160722%

mississauga 2.749791% 2.384381%

brampton 2.998738% 2.586404%

milton 3.258323% 2.093411%

toronto 3.694019% 3.598304%

NON-RESIdENTIAL dEVELOPmENT CHARGES

City services $19.14/sq.m.

region (industrial / office) $124.66/sq.m.

region (retail) $246.17/sq.m.

education $5.60/sq.m.

Source: City of Vaughan, Finance Department Study, August 2010

Source: City of Vaughan, Finance Department, January 2011

9

• the City of vaughan continues to attract investors by making substantial investments in infrastructure and power utilities, offering competitive pricing on services to keep operating costs low and maintaining one of the lowest commercial and industrial tax rate in the Gta

• Canada is a source for some of the world’s most generous r&d tax credits with significantly more eligible costs than the us

• With the lowest health expenditures as a percentage of GdP than all G7 countries, Canada remains a desirable location for business investment

Cost Competitive Position

KPMG’s2010 Competitive Alternatives study of international business costs has confirmed that Canadian business costs are among the most competitive of the G7 countries. Business costs were five percent lower in Canada than the united States.

CoRPoRATe TAx RATeS FoR MAnuFACTuRInG – 2010

0

500

1,000

1,500

2,000

98 99 00 01 02 03 04 05 06 07 08

Pennsylvania

Ontario

Ohio

New York

Michigan

Illinois

California

Alberta

0 5 10 15 20 25 30 35 40 45

PerCentSource: Ministry of Finance,2010

10

• integrated public transit systems create accessibility to all extents of the Greater toronto area

• vaughan is well positioned with excellent highway accessibility including Highways 407, 400 and 427

• extensive transportation infrastructure investments are currently being planned, including the Highway 427 extension, two subways and bus rapidways

• excluding rapid transit improvements, york region has $1.2 billion of infrastructure to go into the ground within the next two years

• the yonge street subway extension project, extending the subway along the eastern boundary of vaughan is also in the planning stages

Infrastructure Investments

City ofVaughan

TRi

Concord

Maple

Thornhill

OakKing City

Kleinburg

Woodbridge

Nobleton

n

Kirby Road

Highw

ay 400

15th Sideroad8th Concessi

ion

King Road

Highw

ay 27

Weston R

oad

Langstaff Road

Kipling Avenue

Rutherford Road

Concession

Highway 7

Albion

Pine Valley Drive

Teston Road

Bathurst Street

Keele Street

Dufferin S

treet

Highw

ay 50

Major Mackenzie Drive West Yonge Street

Steeles Avenue West

Albion Vaughan Road

Thornhill

Bathurst Street

2 0 21 Km

.

Multi-Lane Provincial Highway

Municipal BoundaryRegional Boundary

Town or Village

Urban Area

Lake *

River *

Railway

Produced by:Roads - Capital DeliveryTransportation Services Department© Copyright, The Regional Municipality of York, December, 2007

*Includes © Queen's Printer for Ontario 2003-2008

RoadProvincial Highway

Intersection / Interchange Improvement

Roads Project Year

Under Construction2010201120122013201420152016201720182019

2 0 21 Km

.

Multi-Lane Provincial Highway

Municipal BoundaryRegional Boundary

Town or Village

Urban Area

Lake *

River *

Railway

Produced by:Roads - Capital DeliveryTransportation Services Department© Copyright, The Regional Municipality of York, December, 2007

*Includes © Queen's Printer for Ontario 2003-2008

RoadProvincial Highway

Intersection / Interchange Improvement

Roads Project Year

Under Construction2010201120122013201420152016201720182019

2 0 21 Km

.

Multi-Lane Provincial Highway

Municipal BoundaryRegional Boundary

Town or Village

Urban Area

Lake *

River *

Railway

Produced by:Roads - Capital DeliveryTransportation Services Department© Copyright, The Regional Municipality of York, December, 2007

*Includes © Queen's Printer for Ontario 2003-2008

RoadProvincial Highway

Intersection / Interchange Improvement

Roads Project Year

Under Construction2010201120122013201420152016201720182019

Source: York Region, Transportation Services Department, 2009

N

11

2010 - TEN YEAR ROADSCONSTRUCTION PROGRAM

City of VaughanAPPROVED BY COUNCIL DECEMBER 16, 2009

• one of the main reasons for vaughan’s strong employment growth is its long history of providing a large and competitive employment land supply

• the key employment areas are oriented to four transportation corridors: Highway 427 (vaughan enterprise Zone), Highway 407, Highway 400 and the Cn Concord rail yards

• vaughan will be home to 103,900 new jobs by 2031. of those, 36,400 will be office, retail or service commercial jobs

• 65% or 67,500 jobs are expected to be located on designated employment lands

CITY oF VAuGhAn eMPloYMenT AReAS

TOWNSHIP OF KING

25

02

25

2223 7

8

9

11

1015

16

1717

427

12

3

17

5STEELES AVE

NTS

Highway 427(Vaughan Enterprise Zone)

1. Highway 427 W2. Highway 427 E20. Nashville21. Elder Mills22. Huntington E23. Huntington W

Highway 407

3. West Woodbridge4. Pine Valley5. Emery Creek6. Steeles W13. Steeles E18. Steeles Campus

Highway 400

7. Weston 400 N8. Weston 4009. Vaughan 400 N11. Vaughan 40024. Weston Highlands25. Highway 400 N

Concord/CN Railway Lands

10. Jane N12. Jane S14. Keele15. Tudor W16. Tudor E17. Langsta�19. Maple

6 13 18

1214

19TESTON RD

MAJOR MACKENZIE DR

42

CNRAILYARDS

RUTHERFORD RD

LANGSTAFF RD

OOW DBRIDGE

CITY OF TORONTO

KLEINBURG

21

LANGSTAFF RD

HIGHWAY 7

4407

400

MAPLE

CONCORD

THORNHILL

Source: Hemson Consulting Ltd., Dec. 2008

12

Room to Grow: employment land Supply 2008 – 2031

occupied employment land: 6,152 net ac (2008)

Vacant employment land: 2,916 net ac (2008)

highway 400 north lands: 1,038 net ac

Total employment land: 10,106 net ac

Large and Competitive Employment Lands

• situated at the boundaries of toronto, brampton and vaughan with direct access to Highway 427 and 407

• the vaughan enterprise Zone encompasses 3,869 acres of employment land

• an environmental assessment for the extension of Highway 427 is expected to be completed by 2010, opening the enterprise Zone for further industrial and commercial developments

• Home to national head offices and international logistic centres, including for Conair/Cuisinart, Husky foods, sobeys and totalline transport. they are joined by manufacturers such as daco manufacturing, Jeld-Wen Windows and doors and Window seal

• Projected to accommodate employment for over 60,000 people

Strategic Location: Vaughan Enterprise Zone

13

• vaughan’s supply of available greenfield employment lands is the largest in the Gta

• vaughan enjoys one of the most dynamic industrial and commercial real estate environments in the Greater toronto area. demand for industrial space and land has remained strong and competitive

Strong & Stable Real Estate

The important factors attracting business to Vaughan include low taxes, an abundance of land, great quality of life and a pro-business attitude.

INdUSTRIAL REAL ESTATE STATISTICS fOR SELECTEd CITIES – Q4 2010

muniCiPalitytotal

inventory (sf)

overall vaCanCy

rate

averaGe asKinG lease

rate ($/sf)

averaGe asKinG sale PriCe ($/sf)

realty taxes ($/sf)

Vaughan 93,368,178 6.5% $5.03 $83.26 $3.21

richmond Hill 15,634,517 5.6% $4.99 $46.71 $3.54

markham 35,484,680 5.2% $5.74 $106.18 $3.45

mississauga 178,852,184 6.9% $5.06 $83.24 $3.20

brampton 96,687,515 6.6% $4.54 $80.93 $2.89

oakville 28,121,462 4.5% $5.25 $78.48 $3.01

Pickering 8,367,632 13.7% $3.62 $64.94 $3.01

Source: Cushman Wakefield LePage, Greater Toronto Industrial Report 4Q 2010

14

• vaughan metropolitan Centre is the future downtown for the City of vaughan, a regional centre and an urban growth centre for the province

• the planned downtown development is the largest devel-opment project in the City’s history offering all amenities of urban lifestyle including business offices, residences, entertainment and cultural facilities, pedestrian shop-ping areas and urban squares

The Future Downtown:Vaughan Metropolitan Centre

Artist concept

VAUGHAN mETROPOLITAN CENTRE LOCATION

Steeles Avenue West

Highway 407

Hig

hw

ay 400

Jane S

treet

Westo

n R

oad

Regional Road 7

vaughan metropolitan Centre node

vaughan metropolitan Centre valley lands

vaughan metropolitan Centre district

Source: EDA Collaborative Inc.

15

by the year 2031, the vaughan metropolitan Centre larger boundary area (approximately 179 hectares) is intended to accommodate:

• a minimum of 11,500 jobs

• 5,000 new office

• 1,500 new retail and service jobs

• a minimum of 12,000 residential units

16

Major Land Ownership:Vaughan Metropolitan Centre

Source: Vaughan Metropolitan Centre Secondary Plan, May 2010. Subject to change

BENTALL

MIDVAIL

MIRCOM

HW

Y. #

400

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2117969ONT. INC.

ROYAL 7DEVELOPMENTSMETRUS

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2117969 ONT. INC. c/o Zzen Developments Ltd.

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FIRST LIBERTY

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HILTON GARDEN INNTORONTO/VAUGHAN

METRUS (TERRA) PROPERTIES INC.

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RESIDENCE INN BY MARRIOTT VAUGHAN

RIVIERA PARQUE DINING, BANQUET & CONVENTION CENTRE INC.ROYAL EMPRESS GARDENS LIMITED

SMARTCENTRES

TOROMONT INDUSTRIES LTD.

2117969 ONT. INC. c/o Zzen Developments Ltd.

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FIRST LIBERTY

FIRST VAUGHAN INVESTMENT

HILTON GARDEN INNTORONTO/VAUGHAN

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RESIDENCE INN BY MARRIOTT VAUGHAN

RIVIERA PARQUE DINING, BANQUET & CONVENTION CENTRE INC.

ROYAL 7 DEVELOPMENTS

SMARTCENTRES

TOROMONT INDUSTRIES LTD.

17

artist’s rendering of the vaughan metropolitan Centre subway station exterior, scheduled to open in 2015.

• the planned subway terminal at Highway 7 and Jane street will link vaughan to downtown toronto and york university providing ease of movement for millions of residents, employees and visitors into vaughan

• the vaughan metropolitan Centre is supported by the $2.6 billion federal, provincial, and regional funded 8.6 km subway extension, which is scheduled for completion in 2015

• the $62 million provincially-funded rapid transit infra-structure plan along Highway 7 will connect vaughan to other regional centres in the Greater toronto area

Vaughan Metropolitan Centre,Well-Connected

SUbwAy LINES

18

• Creativity and innovation drives business growth. nine universities and eight colleges are within commuting distance of vaughan

• the toronto region has Canada’s largest concentration of world-class r&d centres

• modern medical services and healthcare are available in vaughan. in addition to the new vaughan Community Health Centre, the country’s leading medical researchers and world-class hospitals are within a 30-minute drive

• vaughan’s future hospital will be closely connected to the region’s strong medical devices sector, while providing specialized health services

Accelerating Innovation

optech: Manufacturer of world-class lidar solutions – Canada’s contribution to nASA’s Phoenix Mission to Mars.

POST-SECONdARy INSTITUTIONS CLOSE by

universities ColleGes

mcmaster university Centennial College

ontario College of art and design

Conestoga College

ryerson university durham College

university of Guelph George brown College

university of ontario institute of technology

Humber College

university of toronto mohawk College

university of Waterloo seneca College

Wilfrid laurier university sheridan institute of technology

york university

19

• vaughan offers an attractive lifestyle with safe and clean communities, a variety of housing choices, up-to-date recreational facilities, excellent schools, parks and extensive green space, as well as leisure and entertain-ment venues

• vaughan’s extensive green space includes 760 hectares of active parkland, 349 hectares of passive parkland and 300 acres of woodlots

• the City is home to some of Canada’s premier tourist attractions such as Canada’s Wonderland, the mcmichael Canadian art Collection and vaughan mills mall

Destination of Choice

COmPARATIVE HOUSING PRICES (SINGLE-fAmILy)

AVERAGE PRICES by TyPE ANd AREA

averaGe PriCe median PriCe

thornhill $787,932 $600,000

maple, Woodbridge, Kleinburg $622,216 $572,250

Greater toronto area average $454,423 $379,000

tyPe of HousemaPle,

WoodbridGe, KleinburG

tHornHill

detached house $622,216 $787,932

semi-detached house $442,216 $441,000

townhouse condos $336,200 $465,000

Condo apartments $311,814 $297,095

link house $346,475 $388,000

attached/row $408,260 $523,500

Source: Toronto Real Estate Board, February 2011

20

City of vauGHan eConomiC develoPment dePartment

2141 major mackenzie drive vaughan, ontario, Canada l6a 1t1 tel: 905-832-8585 email: ecdev@vaughan.cawww.vaughan.ca

Printed in Canada

© City of vaughan 201150%

Mixed Sources 50%FPO