BUSINESS AND INVESTMENT PROFILE

Vaughan.Open for Business.

Contents

2 Message from the Mayor

3 Message from the Chair

4 How Does Vaughan Measure Up?

5 A Growth Centre

6 Connected

7 Leader in Construction Activity

8 Robust & Diverse Economy

9 Well-Trained & Multi-Linguistic Labour Force

10 Low Cost Business Location

11 Cost Competitive Position

12 Infrastructure Investments

13 Large and Competitive Employment Lands

14 Strategic Location: Vaughan Enterprise Zone

15 Strong & Stable Real Estate

16 The Future Downtown: Vaughan Metropolitan Centre

17 Vaughan Metropolitan Centre, Well-Connected

18 Accelerating Innovation

19 Destination of Choice

1

Message from the Mayor

2

Vaughan has experienced unprecedented growth over the past two decades and there is more to come. With the addition of new employment areas to meet the demand of job growth, the City is well on its way to becoming a major urban centre. We are extremely proud of the transformation and have embraced both the opportunities and challenges that such progress presents.

Vaughan is located in the heart of Canada’s economic engine, the Greater Toronto Area, (GTA) with direct access to the North American Market. Today, Vaughan enjoys a rich social and cultural heritage, strong communities, effi cient municipal services and innovative leadership. All of these factors have contributed to attracting well-educated and talented people to settle. A creative and stable workforce in turn, draws business and investment.

Managing growth is a complex task which involves strategic planning and sound foresight. Vaughan’s commitment to economic growth is embodied in our corporate strategic plan, Vaughan Vision 20/20. The plan sets out the overall direction and guiding principles for the city’s future. Vaughan Vision will ensure the city is a safe, sustainable and environ-mentally friendly community with a competitive edge in the marketplace.

Our business community continues to thrive. From small entrepreneurial enterprises to multinational corporations, Vaughan’s proudest achievements lie in its growing and diverse economy. We are making investments in infrastructure, developing fi scal and planning policies, focusing on long-term fi nancial stability, as well as building community assets, to enable Vaughan to make the most of its investment potential for years to come.

The City’s strength is clearly demonstrated through all it has to offer – a large and diversifi ed economic base, 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 busi-nesses and residents.

On behalf of the City of Vaughan and Members of Council, I invite you to take a look at the Investment Profi le – our spotlight on Vaughan, and discover all that our great City has to offer.

Linda D. JacksonMayor

Message from the Chair

Joyce Frustaglio

Local and Regional Councillor

Chair of the Environment Committee

Peter Meffe

Ward 1 Councillor

Chair of the Offi cial Plan Review Committee

Mario Ferri

Local and Regional Councillor

Chair of the Strategic Planning Committee

Tony Carella

Ward 2 Councillor

Chair of the Intergovernmental Relations Committee

Linda D. Jackson

Mayor

Gino Rosati

Local and Regional Councillor

Chair of the Audit & Operational Review Committee

Bernie DiVona

Ward 3 Councillor

Chair of the Safe City Committee

Alan Shefman

Ward 5 Councillor

Chair of the Budget Committee

Over the past 20 years, Vaughan has transformed from a rural township into a major urban centre. Today, Vaughan remains one of the fastest growing cities. It is a city that promotes diversity, innovation and opportunity, leading with a pro-business attitude. With a diversifi ed and large economic base, the City of Vaughan is well

positioned to sustain economic fl uctuations and emerge with an unwavering potential to attract and retain business.

Vaughan is a city that is eager to meet the challenges of the future. Our focus on economic growth and prosperity is manifested in our corporate strategic plan, Vaughan Vision. Its direction and guiding principles ensure we deliver service excellence to our businesses and residents. Vaughan is proud of its rich heritage, the diversity that makes up its communities and people, its commitment to progress, investment and sustainability. Through its employees and residents, Vaughan fosters creativity and innovation which in turn, drives business growth.

I encourage you to consider the City of Vaughan as the location of choice for your next business investment.

Sandra Yeung RaccoChair of the Economic Development CommitteeCouncillor, Ward 4

3

• 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 classifi cation 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?

4

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

• Current 2009 population of 280,000 people is expected to grow to 418,000 by 2031

• Employment growth is projected to grow from 160,000+ jobs (2008) to 275,900 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

PO

PU

LAT

ION

EM

PLO

YM

EN

T

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.

5

• 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

• 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

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

LouisvilleSt. Louis

Indianapolis

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

MO

IA

WI

NJ

Vaughan

ON

QC

6

• 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

Leader in Construction Activity

2008 TOP CANADIAN CITIES BY BUILDING PERMIT VALUE

VALUE (’000s) # PERMITS

Toronto $ 5,717,258 12,457

Calgary $ 3,955,194 14,263

Edmonton $ 2,157,001 5,601

Montréal $ 1,769,129 10,935

Ottawa $ 1,698,182 6,910

Vancouver $ 1,432,822 4,139

Mississauga $ 1,054,821 3,156

Vaughan $ 1,022,478 3,796

Québec $ 983,327 9,145

Wood Buffalo $ 943,075 2,157

Winnipeg $ 897,209 6,730

Brampton $ 863,155 3,188

London $ 791,320 3,646

Hamilton $ 767,501 3,185

Saskatoon $ 608,952 3,331

Kelowna $ 517,912 1,841

Barrie $ 502,790 1,813

Source: Statistics Canada, Publication 64-001-XWF, September 2009

CONSTRUCTION ACTIVITY

Miscellaneous

Institutional

Industrial

Commercial

Residential

Valu

e of

Bui

ldin

g Pe

rmit

s ($

mil)

YEAR

7

• 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, video and computer gaming and building technologies

Robust & Diverse Economy

TOP 10 SECTORS BY EMPLOYMENT

Wholesale Trade 9.1%

Transport, Warehousing 6.9%

Accommodation & Food Services 6.5%

Professional, Scientifi c Services 5.3%

Arts & Entertainment 4.7%

Other Services 3.3%

Administration, Waste, Remediation 3.3%

Manufacturing 33.1%

Retail Trade 14.3%

Construction 13.5%

SELECTED CORPORATE HEADQUARTERS IN VAUGHAN

COMPANY NAME # OF EMPLOYEES

Adidas Canada Ltd. 100

Alfi eld Industries/Martinrea 305

Arla Foods Inc. 30

Assa Abloy Canada Inc. 65

Bausch & Lomb 107

Cara Operations Ltd. 500

Cardinal Health Canada 150

Conair Consumer Products Inc. 140

Concord Confections Inc. 450

Digital Security Controls Ltd. 320

Fred Deeley Imports Ltd. 140

Ganz 1000

Jones Apparel Group Of Canada Inc. 85

MDS Analytical Technologies 625

Miele Ltd. 138

Optech 250

The Royal Group* 10

Ruggedcom Inc. 169

St. Joseph Communications 335

Sanyo Canada Inc. 53

* Does not include all Royal CompaniesSource: contact info – YRES, October 2008 # of employees – YRES, October 2009

8

• 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 fi gure of 24%

• 20% of new residents in Vaughan are immigrants

Well-Trained & Multi-Linguistic Labour Force

EDUCATIONAL ATTAINMENT

Apprenticeship, Trades Certifi cate 7.2%

College Diploma 16.5%

University Diploma below 5.3%

Bachelor Level

University Degree 24.3%

No Certifi cate, Diploma or Degree 22.3%

High School Certifi cate 24.4%

or Equivalent

Source: Statistics Canada, Census 2006

LABOUR FORCE BY OCCUPATION

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

9

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

Industrial rate: 2.600801%Commercial rate: 2.307030%

Low Cost Business Location

SELECTED GTA INDUSTRIAL & COMMERCIAL TAX RATES

MUNICIPALITY INDUSTRIAL COMMERCIAL

Vaughan 2.600801% 2.307030%

Markham 2.592399% 2.299651%

Richmond Hill 2.608177% 2.313514%

Mississauga 2.883852% 2.518507%

Brampton 3.123736% 2.711951%

Milton 3.427789% 2.232461%

Toronto 4.010310% 3.846236%

NON-RESIDENTIAL DEVELOPMENT CHARGES

City Services $19.38/sq.m.

Region (industrial / offi ce) $107.44/sq.m.

Region (retail) $259.96/sq.m.

Education $5.60/sq.m.

Source: City of Vaughan, Finance Department Study, July 2009

Source: City of Vaughan, Finance Department, July 2009

10

• 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 signifi cantly 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’s comprehensive 2008 Competitive Alternatives study of international business costs confi rmed that Ontario business costs are among the most competitive of the G7 countries.

CORPORATE TAX RATES FOR MANUFACTURING – 2008

PERCENTSource: Ministry of Finance, May 2008

11

• 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 Hwy 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

Roads Project Year

Under Construction

2009

2010

2011

2012

2013

Roads Project Year

2014

2015

2016

2017

2018

Source: York Region, Transportation Services Department, 2008

N

12

• 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 113,700 new jobs by 2031. Of those, 30% will be offi ce, retail or service commercial jobs

• About 60% or 78,000 jobs are expected to be located on desig-nated employment lands

Large and Competitive 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. Langstaff19. 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: Henson Consulting Ltd., Dec. 2008

13

• Situated at the boundaries of Toronto, Brampton and Vaughan with direct access to Highway 427 and 407

• The Vaughan Enterprise Zone encompasses over 2,410 acres of employment land

• An environmental assessment for the extension of Highway 427 is expected to be completed by 2010, opening the Enter-prise Zone for further industrial and com-mercial developments

• Home to national head offi ces and interna-tional 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

14

• Vaughan’s supply of available greenfi eld 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 Q2 – 2009

MUNICIPALITYTOTAL

INVENTORY (SF)

OVERALL VACANCY

RATE

DIRECT WEIGHTED AVG.

NET RENT ($/SF)

DIRECT WEIGHTED AVG. SALE

PRICE ($/SF)

DIRECT WEIGHTED

AVG. TMI ($/SF)

Vaughan 88,352,533 7.6% $5.23 $88.50 $2.94

Richmond Hill 13,808,877 6.1% $6.21 $97.76 $3.27

Markham 35,829,984 8.0% $5.94 $99.52 $3.42

Mississauga 178,625,631 8.0% $5.43 $88.04 $3.05

Brampton 98,960,075 6.3% $5.06 $95.04 $2.81

Oakville 28,186,180 6.8% $5.04 $65.73 $2.84

Pickering 8,264,855 5.8% $4.91 $95.82 $3.09

Source: Cushman Wakefi eld LePage, Greater Toronto Industrial Report, Q2 2009

15

• 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 offi ces, 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.

16

• 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 downtown is expected to accommodate a resident and employment population of over 30,000

Vaughan Metropolitan Centre,Well-Connected

SUBWAY LINES

17

• 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

18

• 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 740 hectares of active parkland, 340 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 $589,683 $483,000

Maple, Woodbridge, Kleinburg $522,439 $488,500

Greater Toronto Area Average $584,631 $415,000

TYPE OF HOUSEMAPLE,

WOODBRIDGE, KLEINBURG

THORNHILL

Detached house $522,439 $589,683

Semi-detached house $373,088 $398,000

Townhouse condos $328,750 $317,500

Condo apartments $303,429 $282,365

Link house — $360,640

Attached/row $344,135 $442,429

Source: Toronto Real Estate Board, May 2008

19

CITY OF VAUGHANECONOMIC DEVELOPMENT DEPARTMENT

2141 Major Mackenzie Drive Vaughan, Ontario, Canada l6a 1t1 Tel: 905-832-8585 Email: ecdev@vaughan.cawww.vaughan.ca

Printed in Canada

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