The Growth Plan For The Greater Golden Horseshoe
The Greater Golden Horseshoe is one of the fastest growing regions in North America. The 2006 Growth Plan was created to encourage growth by fostering economic prosperity, protecting the environment and creating vibrant communities. Investing in a condominium will be an opportunity to grow your equity.
What Are Urban Growth Centres?
The Greater Golden Horseshoe (GGH) is one of the fastest-growing regions in North America. It is the economic engine of Ontario and is widely recognized for its highly educated workforce and multicultural population that work together to contribute to the success of its economy. It’s also a place where many people reside in hopes of building a better future for themselves and their families.
The Ontario government developed an initiative known as the Places to Grow Act, 2005. This Plan was designed to support economic prosperity, protect the environment, and help communities achieve a high quality of life. This Plan was closely followed by the Growth Plan for the Greater Golden Horseshoe in 2006 and was later revised in 2017. This Growth Plan provides a framework for implementing Ontario’s vision to build stronger communities.
How The Growth Plan Affects Real Estate Investors
With a focus on urban density and building vertically, investors can expect many more condo developments to be built around the Greater Golden Horseshoe in the near future. Municipalities and the province are working with developers to create vibrant communities where people can live, work and play.
This means that there are opportunities to grow your equity as new developments in these growth centres will increase the value of your property. A prime example is the development of the Vaughan Metropolitan Centre, which is striving to create the new ‘Downtown North.’
Soon, this region will be seen as one of the most dynamic employment centres in the GGH, with access to transit and residential condominiums. The 25 urban growth centres will provide employment opportunities, transit, retail and commercial space to these areas. To learn more about each of the 25 urban growth centres, click on the links below.