York Region maintains strong investment performance

Newmarket – York Regional Council received an overview of 2024 Investment Activities and Performance, highlighting all 2024 investments met the requirements of investment policies approved by Regional Council and the Sinking Fund Committee.

"York Region’s strong investment program continues to outperform municipal industry standards and generate excess returns,” said York Region Chairman and CEO Eric Jolliffe. “Achieving investment objectives while consistently keeping both credit and term risk exposures at prudently low levels demonstrates fiscal responsibility and accountability to York Region residents.”

In 2024, York Region General Fund and Sinking Fund investment portfolios had a combined total value of approximately $7.57 billion. Highlights of 2024 investment activities include:

• General Fund, consisting of investments held for reserves and reserve funds, working capital and other funds of the corporation, earned $219 million on average investments of $5 billion, representing a realized rate of return of 4.38%
• Total return of 5.98% exceeded Financial Times Stock Exchange / Standard and Poor’s (FTSE/S&P) Index by 1.83%
• Sinking Fund, used to repay the principal amount of a debenture upon its maturity, earned $46 million on average investments of $1.4 billion, representing a realized rate of return of 3.25%

“The global impact of tariffs and inflation on financial markets has triggered economic uncertainty across our communities,” said Township of King Mayor Steve Pellegrini, Chair of Finance and Administration. “York Region’s Fiscal Strategy helps ensure the Region’s long-term financial sustainability through responsible management of the capital plan, reserves and debt, while also balancing the needs of current and future taxpayers to respond to economic changes.”

The Region will monitor ongoing market conditions to maintain a slightly elevated cash balance and make selective investments with varying terms for the remainder of 2025, in accordance with the Region’s Investment Policy.

To learn more about York Region’s financial information, visit york.ca/Finance

The Regional Municipality of York consists of nine local cities and towns and provides a variety of programs and services to 1.29 million residents and 57,000 businesses with approximately 624,000 employees. More information about York Region’s key service areas is available at york.ca/RegionalServices

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Media Contact

Ava Baccari, Corporate Communications,
The Regional Municipality of York
Phone: 289-716-9605,
Email: @email