Ushering in a new era in Vaughan
Vaughan is one of the best places to live, with a quality of life that is second to none. This is proven in the most recent Citizen Survey that reveals 97 per cent of residents believe that life is good here. As the largest employment centre in York Region, the City continues to excel in economic growth. New data reveals that Vaughan is now home to 11,948 businesses that employ 218,022 people. A high standard of living combined with access to employment reflects the investment demand that fuelled a record-breaking $1.969 billion of construction value in 2017.
The City’s largest and most ambitious development, the Vaughan Metropolitan Centre (VMC), continues to take shape as the subway is now open. Mayor Maurizio Bevilacqua, together with Prime Minister Justin Trudeau, Premier Kathleen Wynne, former Ontario Minister of Transportation Steven Del Duca, York Region Chairman and CEO Wayne Emmerson along with other dignitaries, unveiled the opening of the Toronto Transit Commission’s Line 1 Extension at the VMC Station on Dec. 17, 2017. Welcoming this new mode of transportation was a historic moment for the city, and it will connect communities and benefit residents and visitors for years to come.
Vaughan is the only municipality in the 905 to have a subway, linking it directly to Toronto – which sets the city apart as an ideal environment for business and talent. A project of this scale could only happen through thoughtful city-building and meaningful partnerships that have transformed this area into a bustling metropolis. The opening of the subway, the VMC bus rapid transit station and the new YRT mobility hub have given the city a true transit epicentre – making it easy for residents, business professionals and visitors to get around. For passengers, it is only a quick 7-minute subway ride from the VMC Station to York University Station and a 42-minute ride to Union Station.
The city’s evolution continues through the VMC as more than 7,000 units have been proposed or are under construction. The KPMG Tower is the first office in the new downtown and the 300 businesses now situated in the area employ approximately 800 people. Some notable companies that have located to the area include Miller Thomson, GFL Environmental, Harley Davidson and FM Global.
Mayor Maurizio Bevilacqua describes this as Vaughan’s golden era: “The City’s growth in the last eight years has been remarkable. These outstanding construction values represent a strong economy, a destination of choice and a prosperous place to live. With a well-educated workforce, diverse population, access to foreign markets and favourable location, it is clear the Vaughan Advantage continues to be attractive to businesses, and our citizens agree that life is good here. There is great energy in our community as we embrace a more prominent role in the Greater Toronto Area. Our community is an epicentre of development and entrepreneurial activity – making Vaughan one of the best places to live and do business. The year ahead will be filled with just as much optimism and promise – the best is yet to come.”
Building on this momentum, Vaughan’s vision for the future is becoming a reality. Major citybuilding projects are being realized – a downtown core is rising from the ground, a state-of-the-art hospital is under construction and the subway is now open. These are just some of the reasons why Vaughan is a place where people want to live, work, play and invest.