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York Region ensures safety and reliability of infrastructure assets, enhancing quality of life

April 24, 2025
Over 90% of the Region’s assets are in fair or better condition, ensuring continued high-quality service delivery

Newmarket – York Regional Council received the 2025 Corporate Asset Management Progress Report, providing an update on the condition of York Region’s infrastructure assets, including buildings, facilities, roads, fleet vehicles, information technology and living assets like street trees.

“York Region takes pride in ensuring our assets are in a good state of repair for residents today and remain resilient for generations to come,” said Eric Jolliffe, York Region Chairman and CEO. “These assets play a critical role in delivering the programs and services that enrich daily life across York Region, while remaining safe, reliable and cost-effective.”

Key highlights in the report include:

  • Regional assets have an estimated replacement value of $28.8 billion, an increase of $3.5 billion from 2022; a 14% increase due to how asset costs are calculated and inflation
  • More than 87% of the Region’s capital plan was successfully delivered
  • Over 90% of the Region’s assets are in fair or better condition, ensuring continued high-quality service delivery
  • Projected budget to meet asset needs over the next 10 years (2023 to 2032) is $17.8 billion; this includes capital costs for existing assets ($3.8 billion), growth-related assets ($4.6 billion) and operating costs for both ($9.4 billion)
  • Water and wastewater assets contribute to 46.5% of asset replacement costs, Transportation Services assets contribute 34.5% and other service assets are 19%

"I am pleased to see the Region’s annual progress on asset management, demonstrating continued leadership and fiscal responsibility,” said Town of Aurora Mayor Tom Mrakas, Chair of Public Works - Transportation Services. "Strategies used to plan, manage and maintain infrastructure assets help lower risk of service disruption, lower overall asset lifecycle costs and keeps York Region accountable as we grow."

The progress report is a provincial regulatory requirement and the full report and 2024 Corporate Asset Management Plan are available on the Region's Corporate Asset Management web page.

The Regional Municipality of York consists of nine local cities and towns and provides a variety of programs and services to over 1.25 million residents and 57,000 businesses with more than 629,000 employees. More information about the Region’s key service areas is available at york.ca/RegionalServices

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Media Contact

Melissa Pinto, Corporate Communications, The Regional Municipality of York 
Cell: 437-997-6821
Email: @email