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Vaughan office space is in high demand, so the City of Vaughan is expanding the supply by offering incentives for large office developments. The CIP applies to developments of 7,000 sq. m. (75,347 sq. ft.) or larger in the Vaughan Metropolitan Centre and Weston and Highway 7 Primary Centre.
Development Charge (DC) Grant/Reduction:
Development Charge Deferral:
Tax Increment Equivalent Grant (TIEG):
Cash-In-Lieu (CIL) of Parkland Exemption/Reduction:
Podium Parking Incentives (applicable to VMC only):
Expedited Development Approvals:
Step 1: Application submission
Step 2: Application review and evaluation
Step 3: Grant approval
In addition to the financial incentives offered under Vaughan’s CIP program, office development projects may be eligible for development charge deferrals from the Region of York. For details on Regional incentives, please visit: york.ca/financialincentives.
In December 2014, the City of Vaughan initiated a CIP Study to explore the provision of financial and planning tools to encourage office development in the VMC and other intensification areas. Although the VMC enjoys superior locational advantages and direct subway connections, it was acknowledged that these advantages may be insufficient to offset the higher development costs associated with the VMC’s highly urbanized environment relative to competing office locations across the GTA.The intent of the Study was to designate a Community Improvement Plan Project area for the VMC and other intensification areas; and propose a package of financial tools that would most effectively attract office development and support the City’s economic development and employment goals for the VMC. The CIP study made recommendations for incentive tools to achieve up to 1.5 million square feet of office space, and the tools will be available for up to five years, whichever occurs first. With these parameters, the City is encouraging office development in the short-term.Led by the consulting teams, Hemson Consulting and Urban Strategies Inc., the project consisted of background research, including a review of best practices and policies, and public consultations with the York Region, the Province of Ontario, and VMC landowners. The final report was adopted by Council on Nov. 17, 2015.The CIP Study has been completed.
Consultations Public Hearing: Dec. 7, 2015 - View Report Stakeholder Consultation Session: March 4, 2015 - View Presentation Stakeholder Consultation Session: July 16, 2015 - View Presentation