2018 final report v8 - stratford

144
2018 Municipal Study BMA Management Consulting Inc.

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Page 1: 2018 Final Report v8 - Stratford

2018

Municipal Study

BMA Management Consulting Inc

540

Table of Contents

EXECUTIVE SUMMARY

1 INTRODUCTION

2 SOCIO‐ECONOMIC INDICATORS

3 FINANCIAL INDICATORS

4 REVENUEEXPENDITURE ANALYSIS

5 SELECT USER FEES amp REVENUE INFORMATION

6 TAX POLICIES

7 COMPARISON OF RELATIVE TAXES

8 COMPARISON OF WATERSEWER COSTS

9 AVERAGE MUNICIPAL BURDEN AS A OF INCOME

10 ECONOMIC DEVELOPMENT PROGRAMS

Municipal Study 2018

1

6

62

125

241

273

283

380

452

467

397

Municipal Study 2018

Executive SummarymdashCity of Stratford

Socio‐Economic Factors

Socio‐economic indicators describe and quantify a municipalityrsquos wealth and economic conditions and

provide insight into a municipalityrsquos collective ability to generate revenue relative to the municipalitys demand for public services An evaluation of socio‐economic factors contributes to the development of

sound financial policies An examination of local economic and demographic characteristics can identify the following situations

Changes in the tax base as measured by population property value employment or business activity

A need to shift public service priorities because of demographic changes in the municipality

A need to shift public policies because of changes in economic conditions

Socio‐Economic Factors Stratford Total Survey Average Southwest

2018 Population Density per sq km

2011‐2016 Population Increase

2017 Building Construction Value per Capita

2018 Estimated Average Household Income

2018 Weighted Median Value of Dwelling

2018 Unweighted Assessment per Capita

2018 Weighted Assessment per Capita

1165

19

2646$

84065$

272350$

117383$

142680$

547

48

3028$

102194$

340734$

154140$

156898$

439

38

2974$

102001$

302609$

152484$

143624$

Financial Indicators

The Municipal Financial Indicators section of the report includes a number of measures such as the financial

position operating surplus asset consumption ratio reserves debt and taxes receivables

KeyKey financialfinancial indicatorsindicators have been included to help evaluate each municipalityrsquos existing financial condition and to identify future challenges and opportunities A number of Industry recognized indicators that are used by credit rating agencies andor recommended by Government Finance Officersrsquo Association (GFOA) and the Ministry of Municipal Affairs and Housing have been included Indicators related to Sustainability Flexibility and Vulnerability have been included It should be noted that Water and Wastewater indicators have also been included in the WaterWastewater section of the report

The tables on the following page provide highlights from this section of the report

Executive Summary

398

Municipal Study 2018

Sustainability

The ability to provide and maintain service and infrastructure levels without resorting to unplanned increases in rates or cuts to services

2017 Sustainability Indicators Stratford Total Survey Average

Financial Position per Capita

Tax Asset Consumption Ratio

Net Financial Liabilities Ratio

(773) $

386

03

435 $

438

(04)

Vulnerability

Addresses a municipalityrsquos vulnerability to external sources of funding that it cannot control and its exposure to risks

2017 Vulnerability Indicators Stratford Total Survey Average

Reserves

Tax Reserves (less WWW) as of Taxation

Tax Reserves as of Own Source Revenues

Tax Reserves Capita

551

374

923 $

727

523

684 $

Debt

Tax Debt Charges as of Own Source Revenues

Total Debt Outstanding Capita

Tax Debt Outstanding Capita

Debt Outstanding per Own Source Revenue

Debt to Reserve Ratio

64

2082 $

1331 $

747

22

44

731 $

507 $

409

10

Flexibility

The ability to issue debt responsibly without impacting the credit rating Also the ability to generate required revenues

2017 Flexibility Indicators Stratford Total Survey Average

Taxes Receivable as of Taxes Levied

Rates Coverage Ratio

36

805

60

921

Executive Summary

399

Municipal Study 2018

Analysis of Net Municipal Levy Per Capita and Per Assessment

In order to better understand the relative tax position for a municipality another measure that has been included in the study is a comparison of net municipal levies on a per capita and per $100000 basis This measure indicates the total net municipal levy needed to provide services to the municipality This analysis

does not indicate value for money or the effectiveness in meeting community objectives Net municipal expenditures per capita may vary as a result of

Different service levels

Variations in the types of services

Different methods of providing services

Different residentialnon‐residential assessment composition

Varying demand for services

Locational factors

Demographic differences

Socio‐economic differences

Urbanrural composition differences

User fee policies

Age of infrastructure

What is being collected from rates as opposed to property taxes

As such this analysis is not an ldquoapples to applesrdquo comparison of services but rather has been included to provide insight into the net cost of providing municipal services within each municipality Further analysis would be required to determine the cause of the differences across each spending envelope and within

each municipality This analysis was completed using the most current information available ‐ net municipal levies as per the 2018 municipal levy by‐laws and the 2018 estimated populations

2018 Stratford Total Survey Average Southwest

Net Municipal Levy per Capita

Net Municipal Levy per $100000 Unweighted CVA

1701 $

1449 $

1527 $

1111 $

1497 $

1071 $

User Fees

A number of user fees have been included in the Study including the following

2018 Fees Stratford Total Survey Average Southwest

Development Charges ‐ Single Detached

Residential Building Permit Fee

13951 $

2013 $

33411 $

2270 $

20235 $

2081 $

Executive Summary

400

Municipal Study 2018

Comparison of Tax Ratios

Tax ratios reflect how a property class tax rate compares to the residential rate Changes in tax ratios affect

the relative tax burden between classes of properties Tax ratios can be used to prevent large shifts of the tax burden caused by relative changes in assessment among property classes as well as to lower the tax

rates on a particular class or classes

2018 Tax Ratios Stratford Total Survey Average

Multi‐Residential 20000 17902

Commercial (Residual) 19759 16871

Industrial (Residual) 27584 21826

Taxes and Comparison of Relative Taxes

The purpose of this section of the report is to undertake ldquolikerdquo property comparisons across each municipality and across various property types In total there are 12 property types in the residential multi ‐residential commercial and industrial classes There are many reasons for differences in relative tax

burdens across municipalities and across property classes including but not limited to

Differences in values of like properties

Differences in the tax ratios and the use of optional classes

Non‐uniform education tax rates in the non‐residential classes

Level of service provided and the associated costs

Extent to which a municipality employs user fees

Access to other sources of revenues such as dividends from hydro utilities and casino revenues

2018 Property Taxes Stratford Total Survey Average Southwest

Detached Bungalow

2 Storey Home

Senior Executive Home

Walk Up Apartment (per Unit)

MidHigh Rise (per Unit)

Neigh Shopping (per sq ft)

Office Building (per sq ft)

Hotels (per Suite)

Motels (per Suite)

Industrial Standard (per sq ft)

Industrial Large (per sq ft)

Industrial Vacant Land (per Acre)

$

$

$

$

$

$

$

$

$

$

$

$

3526

5558

6425

1856

2177

198

319

2322

1266

137

056

1321

3397 $

4524 $

6286 $

1382 $

1715 $

363 $

304 $

1602 $

1240 $

167 $

111 $

3673 $

3093 $

4322 $

6004 $

1377 $

1771 $

333 $

297 $

1521 $

1296 $

142 $

086 $

2007 $

Executive Summary

401

Municipal Study 2018

Comparison of Water and Sewer User Costs

A comparison was made of watersewer costs in each municipality The following table summarizes the costs in the municipality for water and sewer on typical annual consumption against the overall survey average

2018 WaterSewer Cost of Service Stratford

Total Survey Average Southwest

Residential ‐ 200 m3

Commercial ‐ 10000 m3

Industrial ‐ 30000 m3

Industrial ‐ 100000 m3

Industrial ‐ 500000 m3

$

$

$

$

$

772

27162

80845

268568

1341044

1074 $

36054 $

102824 $

334031 $

1647471 $

1135 $

36709 $

104178 $

331985 $

1676956 $

2018 Property Taxes and WaterWastewater Costs as a of Income

This section of the report provides a comparison of the availability of gross household income to fund municipal services on a typical household This provides a measure of affordability within each community

2018 Affordability Indicators Stratford Total Survey Average Southwest

Property Taxes as a of Household Income

WaterSewer + Taxes as a of Household Income

45 38

54 49

36

48

Economic Development Programs

A summary was completed of programs that municipalities have implemented to promote economic

development in the areas of retention and expansion downtown development and brownfield

redevelopment

Executive Summary

1

Municipal Study 2018

Executive Summary

Municipal Study 2018

SECTION 1 Introduction

Since 2000 BMA Management Consulting Inc has annually completed a municipal comparative study on behalf of participating Ontario municipalities The Executive Summary provides an overview of the analysis

contained in the comprehensive report

The study identifies both key quantifiable indicators and selective environmental factors that should be considered as part of a comprehensive evaluation of a local municipalityrsquos financial condition Use of the study over a number of years provides trends to allow decision makers to monitor selected indicators over

time Trend analysis helps to provide interpretative context In addition context can be provided by

comparing a municipalityrsquos own experience with the experience of other municipalities

108 Ontario municipalities representing in excess of 85 of the population

Number of Populations Municipalities 100000 or greater 26

30000 ‐ 99999 27

15000 ‐ 29999 24

0 ‐ 14999 31

Total 108

The analysis was completed using the most recent information available as provided by the participating municipalities including

2018 Current Value Assessment

2018 Tax Policies

2018 Levy By‐laws

2018 Development Charges

2018 WaterSewer Rates

2017 FIRs

2018 User Fees

Economic Development Programs

Executive Summary 2

Municipal Study 2018

2018 Municipalities Included in the Study

The following provides a summary of the municipalities participating by population range

Populations 15000 or less

Populations 15000 ndash 29999

Populations 30000 ndash 99999

Populations gt100000

Bancroft

Brock

Brockton

Central Elgin

Elliot Lake

Erin

Espanola

Gravenhurst

Greenstone

Grey Highlands

Guelph‐Eramosa

Ingersoll

Kincardine

Lambton Shores

Mapleton

Meaford

Minto

North Dumfries

North Middlesex

North Perth

North Stormont

Parry Sound

Penetanguishene

Puslinch

Saugeen Shores

St Marys

Tay

Tiny

Wainfleet

Wellesley

Wellington North

Bracebridge

Brockville

Centre Wellington

Collingwood

East Gwillimbury

Grimsby

Huntsville

Kenora

King

Lincoln

Middlesex Centre

Midland

Niagara‐on‐the‐Lake

Owen Sound

Pelham

Port Colborne

Prince Edward County

Springwater

Strathroy‐Caradoc

Thorold

Tillsonburg

West Lincoln

Wilmot

Woolwich

Barrie

Brampton

Brantford

Burlington

Cambridge

Chatham‐Kent

Durham Region

Greater Sudbury

Guelph

Halton Region

Hamilton

Kingston

Kitchener

London

Markham

Milton

Mississauga

Niagara Region

Oakville

Oshawa

Ottawa

Peel Region

Richmond Hill

Simcoe County

St Catharines

Thunder Bay

Toronto

Vaughan

Waterloo Region

Waterloo

Whitby

Windsor

York Region

Aurora

Belleville

Brant

Bruce County

Caledon

Clarington

Cornwall

Fort Erie

Georgina

Grey County

Haldimand

Halton Hills

Innisfil

Muskoka District

Newmarket

Niagara Falls

Norfolk

North Bay

Orangeville

Orillia

Peterborough

Pickering

Quinte West

Sarnia

Sault Ste Marie

St Thomas

Stratford

Timmins

Welland

Wellington County

Whitchurch‐Stouffville

Executive Summary 3

Municipal Study 2018

SECTION 2 Socio‐Economic Indicators

A complete assessment of a municipalityrsquos financial condition should include consideration of socio‐economic factors Socio‐economic indicators describe and quantify a municipalityrsquos wealth and economic conditions and provide insight into a municipalityrsquos ability to generate revenue relative to the municipalitys demand for public services An evaluation of socio‐economic indicators contributes to the development of sound financial policies

Land Density

Population density indicates the number of residents living in an area (usually measured by square

kilometre) Analysis of density can provide insight into the age of a city growth patterns zoning practices and new development opportunities High population density can indicate whether a municipality may be reaching build‐out as well as service and infrastructure needs such as additional public transit or street

routes The following graph provides a summary of average population density per square kilometre by geographic location

GTA

SimcoeMuskDuff

Southwest

Eastern

NiagaraHamilton

North

Population Density per Sq Km

‐ 200 400 600 800 1000 1200

Executive Summary 4

Municipal Study 2018

Population Growth

The following graph shows the change in population from 2006‐2011 and from 2011‐2016 As shown in the graph the GTA municipalities experienced the largest population percentage growth in both periods

Northern municipalities experienced the lowest percentage of population growth

‐20

00

20

40

60

80

100

2006‐2011 2011‐2016

Household Income

Household income is one measure of a communityrsquos ability to pay While a higher relative household income is a positive indicator of the overall local economy it may lead to a greater expectation for quality programs and additional challenges in balancing desired levels of service with a willingness to pay for programs and services The average household income varies by geographic location The average household income in Northern municipalities was $84288 compared with $115474 in the GTA

Eastern

North

SimcoeMuskDuff

NiagaraHamilton

Southwest

GTA

2018 Household Income

$‐ $20000 $40000 $60000 $80000 $100000 $120000 $140000

Executive Summary 5

Municipal Study 2018

Assessment Per Capita

Property assessment is the basis upon which municipalities raise taxes A strong assessment base is critical to a municipalityrsquos ability to generate revenues Assessment per capita statistics have been compared to provide an indication of the ldquorichnessrdquo of the assessment base in each municipality Unweighted assessment provides the actual current value assessment of the properties Weighted assessment reflects the basis upon

which property taxes are levied after applying the tax ratios to the various property classes to the unweighted assessment The average assessment per capita is highest in the GTA and lowest in Northern

municipalities

GTA

SimcoeMuskDuff

Southwest

NiagaraHamilton

Eastern

North

Weighted Assessment per Capita

Unweighted Assessment per Capita

$‐ $50000 $100000 $150000 $200000 $250000

Assessment Change

Assessment growth provides an indication of how the base upon which

taxes are levied is changing over time From 2017mdash2018 the assessment increased by 62 on average across the 108 Ontario municipalities The GTA geographic area experienced the largest

increase at 98

Municipalities Grouped by Location 2014‐2015 2015‐2016 2016‐2017 2017‐2018

Eastern 41 48 24 39

North 56 50 07 41

Southwest 48 45 51 60

SimcoeMuskDuff 35 35 42 65

NiagaraHamilton 42 37 44 70

GTA 64 60 87 98

Executive Summary 6

Municipal Study 2018

Residential Properties

Residential properties were broken down by property type to provide an indication of the housing mix in each municipality The following graph reflects the average assessed values for residential properties by geographic location

Average House Value (000s)

GTA

SimcoeMuskDuff

Southwest

NiagaraHamilton

Eastern

North

$‐ $100 $200 $300 $400 $500 $600

Construction Activity

The three year average of building permits per capita were analyzed to provide a measure of relative building activity in each municipality and across the geographic locations The following reflects the results from 2015‐2017

$‐ $1000 $2000 $3000 $4000

North

Eastern

Southwest

NiagaraHamilton

SimcoeMuskDuff

GTA

Construction per Capita (3 yr avg)

Executive Summary 7

0‐25 20

Municipal Study 2018

SECTION 3 Municipal Financial Sustainability Indicators

The Financial Indicators section of the report includes a number of indicators to assist municipalities in evaluating financial condition A municipalityrsquos financial position is defined as the total fund balances including equity in business government enterprises less the amount to be recovered in future years associated with long‐term liabilities A comparison was made of each municipalityrsquos overall financial position (assets less liabilities) There is a significant range in municipal financial position per capita across

Ontario from a low of negative ($2460) to a high of $4914 per capita The following graph provides the percentage of municipalities that fall within each range

Financial Position Per Capita

less than ‐$1000 12

‐$1000‐$0 13

greater than $1000 25

$0‐$1000 50

Asset Consumption Ratio

The asset consumption ratio reflects the written down value of the tangible capital assets in relation to the

historical costs of the assets This ratio seeks to highlight the aged condition of the assets and the potential asset replacement needs A higher ratio may indicate significant replacement needs However if assets are renewed and replaced in accordance with an asset management plan a high ratio should not be a cause

for concern The following graphs reflect the ratio ranges across the survey for tax water and wastewater assets

Tax Water Wastewater

26‐50 73

51‐75 22

greater than 75 greater than 75 greater than 75 1 11 51‐75 9 0‐25 4

26‐50 70

0‐25 17 51‐75 7

26‐50 75

Executive Summary 8

0‐30 23 40

2‐3 13

Municipal Study 2018

Reserves

Reserves are a critical component of a municipalityrsquos long‐term financing plan The following graphs provide the range of reserves as a percentage of own source revenues for tax supported services water and wastewater The level of reserves required will vary for a number of reasons including

Services provided by the municipality

Age and condition of infrastructure inventory of fleet and vehicles supporting municipal operations

Level of expenditures

Internal debt and reserve policies

Targets ranges established on a reserve by reserve basis

Economic conditions and projections

Tax of OSR Water of OSR WW of OSR

greater than 90 greater than 90

8 0‐30 20 0‐30 27

greater than 90 60‐90 27 43

30‐60 11

30‐60 29

60‐90 8 30‐60 45 60‐90 19

Debt Indicators

Debt indicators can reveal increasing reliance on debt decreasing flexibility sudden large increases or decreases in future debt service and the amount of debt that a community can absorb The following graphs

summarize the debt interest ratio for tax water and wastewater to provide an understanding of the percentage of municipalities within various ranges of the debt interest ratio This ratio indicates the extent

to which a municipalityrsquos operating revenues are committed to interest expenses

Tax Water WW

greater than 3 5

0‐2 9

2‐10 8

0‐2 14

greater than

2‐10 4

0‐1 51

1‐2 31

greater than 10 82 10 83

Executive Summary 9

Municipal Study 2018

Taxes Receivable as a of Taxes Levied

Every year a percentage of property owners is unable to pay property taxes If this percentage increases over time it may indicate an overall decline in the municipalityrsquos economic health Additionally as uncollected property taxes rise liquidity decreases If the percentage of uncollected property taxes increases over time it may indicate an overall decline in the municipalityrsquos economic health The following graph provides a summary of the 2017 taxes receivable as a percentage of taxes levied in each of the geographic areas

Taxes Receivables as Taxes Levied

SimcoeMuskDuff

North

Eastern

NiagaraHamilton

Southwest

GTA

00 20 40 60 80

SECTION 4 Revenue amp Expenditure Analysis

Net Municipal Levy per Capita and per $100000 of assessment

Different service levels

Variations in the types of services

Different methods of providing services

User fee policies

Different assessment composition

Varying demand for services

Locational factors

Demographic differences

Socio‐economic differences

Urbanrural composition differences

Levy per Capita Levy per $100000 of Assesment

Eastern

Southwest

GTA

NiagaraHamilton

SimcoeMuskDuff

North

$‐ $200 $400 $600 $800 $1000 $1200 $1400 $1600 $1800 $2000

An analysis of levy per capita and per $100000 of assessment does not indicate value for money or the effectiveness in meeting

community objectives Municipal levies may vary as a result of

Net municipal levy per capita was calculated using Manifold Data Mining 2018 estimated population and the

2018 municipal levies The net levy on a per capita basis ranged from $1006 to $3038 (with an average of $1527 per capita) Net levy per $100000 of assessment is also provided The net levy on a per $100000 of unweighted assessment basis ranged across the municipalities from $538 to $2328 (with an average of $1111 per $100000 of assessment)

Executive Summary 10

Municipal Study 2018

SECTION 5 Select User Fee and Revenue Information

The Select User Fee and Revenue Information section of the report includes development charges building

permit fees tipping fees and transit fares

Development Charges

The recovery of costs by Ontario municipalities for capital infrastructure required to support new growth is governed by the Development Charges Act (1997) and supporting regulations The following table

summarizes the 2018 development charges Note some municipalities do not charge development charges

Non‐

Apartment Apartment Non‐Residential Residential 2018 Development Multiples units gt=2 units lt 2 (per Commercial (per Industrial

Charges Residential Dwelling 3+ (per unit) unit) sqft) (per sqft)

North $ 13789 7645 $ 6624 $ 6624 $ 761 $ 463 $

Eastern $ 15360 11682 $ 9562 $ 7374 $ 917 $ 543 $

Southwest $ 20235 15639 $ 12058 $ 10239 $ 795 $ 627 $

SimcoeMuskDuff $ 25843 21705 $ 16842 $ 13480 $ 920 $ 731 $

NiagaraHamilton $ 27231 19513 $ 18055 $ 11481 $ 1640 $ 854 $

GTA $ 72422 59269 $ 43903 $ 32204 $ 4265 $ 2132 $

SECTION 6 Tax Policies

The relative tax burden in each class of property will be impacted by the type of tax policies implemented in each municipality As such an analysis of the 2018 tax policies that impact the relative tax position was completed The following table summarizes the range of 2018 tax ratios across the survey

2018 Tax Ratios Average Median Min Max

Multi‐Residential 17902 18831 10000 26342

Commercial 16871 16929 11000 28476

Industrial 21826 22150 11000 47186

Executive Summary 11

Municipal Study 2018

SECTION 7 Comparison of Relative Taxes

Like property comparisons were undertaken on 12 property types that were of most interest to the participating municipalities In order to calculate the relative tax burden of ldquolikerdquo properties every effort was

made to hold constant those factors deemed to be most critical in determining a propertyrsquos assessed value There are many reasons for differences in relative tax burdens across municipalities and across property

classes These include but are not limited to the following

The values of like properties vary significantly across municipalities

The tax ratios in each class and the use of optional classes

Non‐uniform education tax rates in the non‐residential classes

Tax burdens across municipalities also vary based on the level of service provided and the associated costs

of providing these services

Extent to which a municipality employs user fees or has access to other sources of revenues such as dividends from hydro utilities gaming amp casino revenues

Residential Detached Senior Industrial Standard per Vacant Land Properties Bungalow 2 Storey Executive Properties sqft Large per sqft per acre

North $ 3153 $ 4817 6570 $ North 190 $ 100 $ 2609 $

Eastern $ 3185 $ 4401 6273 $ Eastern 148 $ 119 $ 2579 $

Southwest $ 3093 $ 4322 6004 $ Southwest 142 $ 086 $ 2007 $

SimcoeMuskDuff $ 3014 $ 4037 5703 $ SimcoeMuskDuff 131 $ 103 $ 1949 $

NiagaraHamilton $ 3518 $ 4693 6328 $ NiagaraHamilton 188 $ 090 $ 3669 $

GTA $ 4188 $ 4955 6859 $ GTA 219 $ 158 $ 8602 $

Survey Average $ 3397 $ 4524 6286 $ Survey Average 167 $ 111 $ 3673 $

Survey Median $ 3345 $ 4636 6223 $ Survey Median 169 $ 108 $ 2106 $

Neigh Multi‐Residential High Rise per Commercial Shopping per Hotel per Motel per Properties Walk Up per Unit Unit Properties Office per sqft sqft suite suite

North 1329 $ 1636 $ North 301 $ 335 $ 1417 $ 1270 $

Eastern 1561 $ 2091 $ Eastern 318 $ 399 $ 1902 $ 1420 $

Southwest 1377 $ 1771 $ Southwest 297 $ 333 $ 1521 $ 1296 $

SimcoeMuskDuff 1026 $ 1615 $ SimcoeMuskDuff 278 $ 328 $ 1848 $ 1094 $

NiagaraHamilton 1618 $ 1752 $ NiagaraHamilton 280 $ 387 $ 1870 $ 1117 $

GTA 1401 $ 1544 $ GTA 341 $ 421 $ 1417 $ 1208 $

Survey Average 1382 $ 1715 $ Survey Average 304 $ 363 $ 1602 $ 1240 $

Survey Median 1365 $ 1744 $ Survey Median 305 $ 374 $ 1467 $ 1208 $

Executive Summary 12

Municipal Study 2018

SECTION 8 Comparison of WaterSewer Costs

The establishment of water and sewer rates is a municipal responsibility and the absence of standard procedures across Ontario has resulted in the evolution of a great variety of rate structure formats There was considerable diversity across the survey in terms of the costs of watersewer and how services are

charged

Residential Commercial Industrial Industrial Industrial

Volume 200 m3

10000 m3 30000 m3

100000 m3 500000 m3

Meter Size 58 2 3 4 6

Average 1074 $ 36054 $ 102824 $ 334031 $ $ 1647471

Median 1038 $ 33087 $ 96928 $ 313040 $ $ 1541796

Min 463 $ 9626 $ 22026 $ 89898 $ 370994 $

Max 2090 $ 86527 $ 186000 $ 620000 $ $ 3100000

SECTION 9 Property Taxes and WaterWastewater as a of Income

A comparison was made of relative property tax burdens and watersewer costs on comparable properties

against the median household incomes The report also calculates the total municipal tax burden as a percentage of income available on an average household

Total Municipal Burden as a of Household Income

GTA 45

Southwest 48

North 49

NiagaraHamilton 51

SimcoeMuskDuff 54

Eastern 55

SECTION 10 Economic Development Programs

Business Retention amp Expansion Programs

DowntownArea Specific Programs

Brownfield Redevelopment

Executive Summary 13

Municipal Study 2018

IntroductionmdashMunicipal Study 2018

1

Municipal Study 2018

Introduction

For the past seventeen years BMA Management Consulting Inc has annually completed a municipal comparative study on behalf of participating Ontario municipalities This report brings together a group of indicators to give an overall snapshot for each municipality The analysis was completed using the most

recent information available as provided by the participating municipalities including

2018 current value assessment

2018 tax policies

2018 levy by‐laws

2018 development charges

2018 watersewer rates

2017 FIRs (as available)

2018 user fees

Economic development programs

To facilitate the analysis given the significant volume of information included in the report the

information is also accessible through BMArsquos online password protected database This provides the

participating municipalities with the ability to select only those municipalities that are of interest and to focus on specific areas of interest The database also provides the ability to analyze trends with data available over a five year period The database can be accessed from the BMA website wwwbmaconsultcom This information can be downloaded from the website into Excel to allow municipalities the ability to track their progress over time and to focus their analysis on specific comparators which can be incorporated into reports and presentations

For more information please feel free to contact

BMA Management Consulting Inc

139 Markland St Hamilton L8P 2K3

Phone (905) 528‐3206

Fax (905) 528‐3210

bmaonaibncom

Contacts Jim Bruzzese or Catherine Minshull

Introduction 2

Municipal Study 2018

Municipal Study Database

Introduction 3

Municipal Study 2018

Why Participate in a Study

The study identifies key financial and economic indicators and factors that should be

considered as part of a comprehensive evaluation of a municipalityrsquos financial condition

Use of the study over a number of years provides trends to allow decision makers to

monitor selected indicators over time Trend analysis helps to provide interpretative context Additional context can come from comparing a municipalityrsquos own experience with the experience of other municipalities While the study includes 108 municipalities it is recommended that the users take advantage of the online database to focus on

similar municipalities

Many of the analytical techniques included in the report are consistent with approaches used by credit

rating agencies and are also used by the International CityCounty Management Association (ICMA) The information contained in this report can help local municipalities analyze and interpret financial economic

and demographic trends Trend analysis is critical to truly understand and evaluate a municipalityrsquos financial condition and to provide early warning signals of potential or emerging financial problems

It is anticipated that the consolidation of the financial and economic indicators contained in the Municipal

Study will achieve the following goals and objectives

To help municipal decision‐makers in assessing market conditions

To understand the unique characteristics of each municipality

To understand the relationship between various controllable and uncontrollable factors in addressing a municipalityrsquos competitive opportunities and challenges

To develop a database of material that can be updated in future years to assess progress and establish targets

To create awareness of the trends and the potential need to modify policies

To assist in aligning municipal decisions in property taxation with other economic development

programs and initiatives

To assist municipalities in developing a long‐term strategy for property taxation to achieve municipal competitive objectives in targeted property classes

To create a baseline source of information that will assist municipalities in addressing specific areas of concern and to gain a better understanding of how other municipalities have addressed similar concerns

To understand the impact of reassessment and growth

To identify areas that may require further review (eg service levels user fees service delivery)

Introduction 4

Municipal Study 2018

Municipalities Represented in the Study

The following summarizes the municipalities by population range

Populations 15000 or less

Populations 15000 ndash 29999

Populations 30000 ndash 99999

Populations gt100000

Bancroft

Brock

Brockton

Central Elgin

Elliot Lake

Erin

Espanola

Gravenhurst

Greenstone

Grey Highlands

Guelph‐Eramosa

Ingersoll

Kincardine

Lambton Shores

Mapleton

Meaford

Minto

North Dumfries

North Middlesex

North Perth

North Stormont

Parry Sound

Penetanguishene

Puslinch

Saugeen Shores

St Marys

Tay

Tiny

Wainfleet

Wellesley

Wellington North

Bracebridge

Brockville

Centre Wellington

Collingwood

East Gwillimbury

Grimsby

Huntsville

Kenora

King

Lincoln

Middlesex Centre

Midland

Niagara‐on‐the‐Lake

Owen Sound

Pelham

Port Colborne

Prince Edward County

Springwater

Strathroy‐Caradoc

Thorold

Tillsonburg

West Lincoln

Wilmot

Woolwich

Barrie

Brampton

Brantford

Burlington

Cambridge

Chatham‐Kent

Durham Region

Greater Sudbury

Guelph

Halton Region

Hamilton

Kingston

Kitchener

London

Markham

Milton

Mississauga

Niagara Region

Oakville

Oshawa

Ottawa

Peel Region

Richmond Hill

Simcoe County

St Catharines

Thunder Bay

Toronto

Vaughan

Waterloo Region

Waterloo

Whitby

Windsor

York Region

Aurora

Belleville

Brant

Bruce County

Caledon

Clarington

Cornwall

Fort Erie

Georgina

Grey County

Haldimand

Halton Hills

Innisfil

Muskoka District

Newmarket

Niagara Falls

Norfolk

North Bay

Orangeville

Orillia

Peterborough

Pickering

Quinte West

Sarnia

Sault Ste Marie

St Thomas

Stratford

Timmins

Welland

Wellington County

Whitchurch‐Stouffville

Introduction 5

Municipal Study 2018

Socio‐Economic Indicators

Socio Economic Indicators 6

Municipal Study 2018

Socio‐Economic Indicators

A complete assessment of local governmentrsquos financial condition should include socio‐economic factors

Socio‐economic indicators describe and quantify a municipalityrsquos wealth and economic conditions and

provide insight into a municipalityrsquos collective ability to generate revenue relative to the municipalitys demand for public services An examination of local economic and demographic characteristics can identify the following situations

A decline in the tax base as measured by population property value employment or business activity

A need to shift public service priorities because demographic changes in the municipality

A need to shift public policies because of changes in economic conditions

An evaluation of socio‐economic factors contributes to the development of sound financial policies The

Socio‐Economic Factors section of the report includes the following information to assist municipalities in understanding some basic facts about each municipality included in the study

Population Statistics (2006‐2018)

Note Manifold Data Mining estimates for 2018 includes the undercount normally 3‐5 of population

Age Demographics

Average Household Income

Land Area and Density

Labour Statistics

Assessment Per Capita

Change in Unweighted Assessment (2013‐2018)

Assessment Composition By Class

Consolidated Unweighted and Weighted Assessment (Residential vs Non‐Residential)

Shift in Tax BurdenmdashUnweighted to Weighted Residential Assessment

Residential Properties by Type

Building Construction Activity (Residential Non‐Residential)

Socio Economic Indicators 7

Municipal Study 2018

Population Statistics 2006‐2018 (sorted highest to lowest population)

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Ottawa 812129 883391 934243 993556 88 58

Toronto 2503281 2615060 2731571 2890660 45 45

Brampton 433806 523911 593638 648883 208 133

Mississauga 668549 713443 721599 772000 67 11

London 352395 366151 383822 406751 39 48

Hamilton 504559 519949 536917 565591 31 33

Vaughan 238866 288301 306233 334499 207 62

Markham 261573 301709 328966 354135 153 90

Windsor 216473 210891 217188 228533 ‐26 30

Kitchener 204668 219153 233222 248635 71 64

Oakville 165613 182520 193832 206478 102 62

Richmond Hill 162704 185541 195022 206889 140 51

Oshawa 141590 149607 159458 170096 57 66

Burlington 164415 175779 183314 193853 69 43

Barrie 128430 135711 141434 149374 57 42

Greater Sudbury 157857 160274 161531 168518 15 08

St Catharines 131989 131400 133113 139152 ‐04 13

Guelph 114943 121688 131794 141485 59 83

Whitby 111184 122022 128377 136235 97 52

Cambridge 120371 126748 129920 136454 53 25

Milton 53889 84362 110128 119498 565 305

Kingston 117207 123363 123798 128937 53 04

Waterloo 97475 98780 104986 111868 13 63

Thunder Bay 109140 108359 107909 112042 ‐07 ‐04

Chatham‐Kent 108177 103671 101647 104889 ‐42 ‐20

Brantford 90192 93650 97496 103036 38 41

Pickering 87838 88721 91771 96747 10 34

Clarington 77820 84548 92013 98976 86 88

Niagara Falls 82184 82997 88071 93786 10 61

Newmarket 74295 79978 84224 89420 76 53

Peterborough 74898 78698 81032 85227 51 30

Sault Ste Marie 74948 75141 73368 75584 03 ‐24

Socio Economic Indicators 8

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod)

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Caledon 57050 59460 66502 72326 42 118

Sarnia 71419 72366 71594 74143 13 ‐11

Halton Hills 55289 59008 61161 64522 67 36

Norfolk 62563 63175 64044 66969 10 14

Welland 50331 50631 52293 55088 06 33

Aurora 47629 53203 55445 58618 117 42

North Bay 53966 53651 51553 52773 ‐06 ‐39

Bellevil le 48821 49454 50716 53277 13 26

Cornwall 45965 46340 46589 48556 08 05

Whitchurch‐Stouffvil le 24390 37628 45837 51571 543 218

Haldimand 45212 44876 45608 47738 ‐07 16

Georgina 42346 43517 45418 48045 28 44

Timmins 42997 43165 41788 42904 04 ‐32

Quinte West 42697 43086 43577 45533 09 11

Innisfi l 31175 33079 36566 39745 61 105

St Thomas 36110 37905 38909 40889 50 26

Stratford 30461 30886 31465 32959 14 19

Brant 34415 35638 36707 38626 36 30

Fort Erie 29925 29960 30710 32254 01 25

Orill ia 30259 30586 31166 32656 11 19

Centre Wellington 26049 26693 28191 29963 25 56

Orangevil le 26925 27975 28900 30450 39 33

King 19487 19899 24512 27703 21 232

Grimsby 23937 25325 27314 29274 58 79

East Gwill imbury 21069 22473 23991 25610 67 68

Woolwich 19658 23145 25006 26819 177 80

Lincoln 21722 22487 23787 25297 35 58

Prince Edward County 25496 25258 24735 25512 ‐09 ‐21

Collingwood 17290 19241 21793 23815 113 133

Owen Sound 21753 21688 21341 22053 ‐03 ‐16

Brockvil le 21957 21870 21346 21987 ‐04 ‐24

Wilmot 17097 19223 20545 21939 124 69

Socio Economic Indicators 9

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod)

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Huntsvil le 18280 19056 19816 20931 42 40

Strathroy‐Caradoc 19977 20978 20867 21656 50 ‐05

Thorold 18224 17931 18801 19925 ‐16 49

Springwater 17456 18223 19059 20178 44 46

Port Colborne 18599 18424 18306 18990 ‐09 ‐06

Niagara‐on‐the‐Lake 14587 15400 17511 19166 56 137

Pelham 16155 16598 17110 18010 27 31

Middlesex Centre 15589 16487 17262 18283 58 47

Bracebridge 15652 15409 16010 16903 ‐16 39

Midland 16330 16572 16864 17661 15 18

Kenora 15177 15348 15096 15597 11 ‐16

Tillsonburg 14822 15301 15872 16749 32 37

Saugeen Shores 11720 12661 13715 14724 80 83

West Lincoln 13167 13837 14500 15363 51 48

Guelph‐Eramosa 12066 13458 12854 13569 115 ‐45

North Perth 12254 12631 13130 13867 31 40

Gravenhurst 11046 11640 12311 13094 54 58

Ingersoll 11760 12146 12757 13529 33 50

Wellington North 11175 11477 11914 12576 27 38

Central Elgin 12723 12743 12607 13056 02 ‐11

Brock 11979 11341 11642 12234 ‐53 27

Tiny 10754 11232 11787 12495 44 49

Wellesley 9789 10713 11260 11944 94 51

Erin 11148 10770 11439 12185 ‐34 62

Meaford 10948 11100 10991 11386 14 ‐10

Kincardine 11173 11174 11389 11935 00 19

Lambton Shores 11150 10656 10631 11049 ‐44 ‐02

Mapleton 9851 9989 10527 11179 14 54

North Dumfries 9063 9334 10215 11012 30 94

Elliot Lake 11549 11348 10741 10930 ‐17 ‐53

Tay 9748 9736 10033 10560 ‐01 31

Grey Highlands 9480 9520 9804 10316 04 30

Socio Economic Indicators 10

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod )

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Brockton 9641 9432 9461 9852 ‐22 03

Penetanguishene 9354 9111 8962 9260 ‐26 ‐16

Minto 8504 8334 8671 9161 ‐20 40

St Marys 6617 6655 7265 7823 06 92

Puslinch 6689 7029 7336 7760 51 44

North Stormont 6769 6775 6873 7189 01 14

Parry Sound 5818 6191 6408 6756 64 35

Wainfleet 6601 6356 6372 6633 ‐37 03

North Middlesex 6740 6658 6352 6484 ‐12 ‐46

Espanola 5314 5364 4996 5051 09 ‐69

Greenstone 4906 4724 4636 4786 ‐37 ‐19

Bancroft 3838 3880 3881 4037 11 00

Survey Total 10293100 10942150 11468780 12177245 63 48

Provincial Total 12851821 13366300 13792052 14125923 40 32

Socio Economic Indicators 11

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod )

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Peel Region 1159405 1296814 1381739 1493209 119 65

York Region 892712 1032249 1109909 1188226 156 75

Durham Region 561258 608124 645862 688082 84 62

Halton Region 439256 501669 548435 584351 142 93

Waterloo Region 478121 507096 535154 568671 61 55

Niagara Region 427421 431346 447888 472938 09 38

Simcoe County 263515 279766 307050 315744 62 98

Wellington County 85482 86672 90932 96393 14 49

Bruce County 60310 60264 68147 71733 ‐01 131

Muskoka District 57563 58047 60599 64144 08 44

Grey County 89073 92568 93830 NA 39 14

Summary of Population Change by Geographic Area

The following table summarizes the average population change in percentage each of the geographic areas

2006‐2011 2011‐2016

10

8

6

4

2

0

‐2

Socio Economic Indicators 12

Municipal Study 2018

GTA Municipalitiesmdash change in population 2006‐2018

1 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006 2011

Change 2011 2016

Mississauga 668549 713443 721599 772000 67 11

Brock 11979 11341 11642 12234 ‐53 27

Pickering 87838 88721 91771 96747 10 34

Halton Hills 55289 59008 61161 64522 67 36

Aurora 47629 53203 55445 58618 117 42

Burlington 164415 175779 183314 193853 69 43

Georgina 42346 43517 45418 48045 28 44

Toronto 2503281 2615060 2731571 2890660 45 45

Richmond Hill 162704 185541 195022 206889 140 51

Whitby 111184 122022 128377 136235 97 52

Newmarket 74295 79978 84224 89420 76 53

Oakville 165613 182520 193832 206478 102 62

Vaughan 238866 288301 306233 334499 207 62

Oshawa 141590 149607 159458 170096 57 66

East Gwillimbury 21069 22473 23991 25610 67 68

Clarington 77820 84548 92013 98976 86 88

Markham 261573 301709 328966 354135 153 90

Caledon 57050 59460 66502 72326 42 118

Brampton 433806 523911 593638 648883 208 133

Whitchurch‐Stouffville 24390 37628 45837 51571 543 218

King 19487 19899 24512 27703 21 232

GTA Average 5424662 5902031 6254654 6678998 88 60

Survey Total 10293100 10942150 11468780 12177245 63 48

Milton 53889 84362 110128 119498 565 305

Socio Economic Indicators 13

Municipal Study 2018

Southwestmdash change in population 2006‐2018 5 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006 2011

Change 2011 2016

North Middlesex 6740 6658 6352 6484 ‐12 ‐46

Guelph‐Eramosa 12066 13458 12854 13569 115 ‐45

Chatham‐Kent 108177 103671 101647 104889 ‐42 ‐20

Owen Sound 21753 21688 21341 22053 ‐03 ‐16

Sarnia 71419 72366 71594 74143 13 ‐11

Central Elgin 12723 12743 12607 13056 02 ‐11

Meaford 10948 11100 10991 11386 14 ‐10

Strathroy‐Caradoc 19977 20978 20867 21656 50 ‐05

Lambton Shores 11150 10656 10631 11049 ‐44 ‐02

Brockton 9641 9432 9461 9852 ‐22 03

Norfolk 62563 63175 64044 66969 10 14

Haldimand 45212 44876 45608 47738 ‐07 16

Stratford 30461 30886 31465 32959 14 19

Kincardine 11173 11174 11389 11935 00 19

St Thomas 36110 37905 38909 40889 50 26

Cambridge 120371 126748 129920 136454 53 25

Windsor 216473 210891 217188 228533 ‐26 30

Grey Highlands 9480 9520 9804 10316 04 30

Brant 34415 35638 36707 38626 36 30

Tillsonburg 14822 15301 15872 16749 32 37

North Perth 12254 12631 13130 13867 31 40

Wellington North 11175 11477 11914 12576 27 38

Minto 8504 8334 8671 9161 ‐20 40

Brantford 90192 93650 97496 103036 38 41

Puslinch 6689 7029 7336 7760 51 44

Middlesex Centre 15589 16487 17262 18283 58 47

London 352395 366151 383822 406751 39 48

Ingersoll 11760 12146 12757 13529 33 50

Mapleton 9851 9989 10527 11179 14 54

Wellesley 9789 10713 11260 11944 94 51

Erin 11148 10770 11439 12185 ‐34 62

Centre Wellington 26049 26693 28191 29963 25 56

Waterloo 97475 98780 104986 111868 13 63

Kitchener 204668 219153 233222 248635 71 64

Wilmot 17097 19223 20545 21939 124 69

Woolwich 19658 23145 25006 26819 177 80

Guelph 114943 121688 131794 141485 59 83

Saugeen Shores 11720 12661 13715 14724 80 83

St Marys 6617 6655 7265 7823 06 92

North Dumfries 9063 9334 10215 11012 30 94

Southwest Average 1912310 1965573 2039804 2153844 28 38

Survey Total 10293100 10942150 11468780 12168981 63 48

Socio Economic Indicators 14

Municipal Study 2018

Easternmdash change in population 2006‐2018

3 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Brockville 21957 21870 21346 21987 ‐04 ‐24

Prince Edward County 25496 25258 24735 25512 ‐09 ‐21

Bancroft 3838 3880 3881 4037 11 00

Kingston 117207 123363 123798 128937 53 04

Cornwall 45965 46340 46589 48556 08 05

Quinte West 42697 43086 43577 45533 09 11

North Stormont 6769 6775 6873 7189 01 14

Belleville 48821 49454 50716 53277 13 26

Peterborough 74898 78698 81032 85227 51 30

Ottawa 812129 883391 934243 993556 88 58

Eastern Average 1199777 1282115 1336790 1413811 69 43

Survey Total 10293100 10942150 11468780 12168981 63 48

NiagaraHamiltonmdash change in population 2006‐2018

2 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Port Colborne 18599 18424 18306 18990 ‐09 ‐06

Wainfleet 6601 6356 6372 6633 ‐37 03

St Catharines 131989 131400 133113 139152 ‐04 13

Fort Erie 29925 29960 30710 32254 01 25

Pelham 16155 16598 17110 18010 27 31

Hamilton 504559 519949 536917 565591 31 33

Welland 50331 50631 52293 55088 06 33

West Lincoln 13167 13837 14500 15363 51 48

Thorold 18224 17931 18801 19925 ‐16 49

Lincoln 21722 22487 23787 25297 35 58

Niagara Falls 82184 82997 88071 93786 10 61

Grimsby 23937 25325 27314 29274 58 79

Niagara‐on‐the‐Lake 14587 15400 17511 19166 56 137

Change 2006‐2011

Change 2011‐2016

NiagaraHamilton Average 931980 951295 984805 1038529 21 35

Survey Total 10293100 10942150 11468780 12168981 63 48

Socio Economic Indicators 15

Municipal Study 2018

Northmdash change in population 2006‐2018

4 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Espanola 5314 5364 4996 5051 09 ‐69

Elliot Lake 11549 11348 10741 10930 ‐17 ‐53

North Bay 53966 53651 51553 52773 ‐06 ‐39

Timmins 42997 43165 41788 42904 04 ‐32

Sault Ste Marie 74948 75141 73368 75584 03 ‐24

Greenstone 4906 4724 4636 4786 ‐37 ‐19

Kenora 15177 15348 15096 15597 11 ‐16

Thunder Bay 109140 108359 107909 112042 ‐07 ‐04

Greater Sudbury 157857 160274 161531 168518 15 08

Parry Sound 5818 6191 6408 6756 64 35

North Average 481672 483565 478026 494941 04 ‐11

Survey Total 10293100 10942150 11468780 12168981 63 48

SimcoeMuskokaDufferinmdash change in population 2006‐2018

6 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Penetanguishene 9354 9111 8962 9260 ‐26 ‐16

Midland 16330 16572 16864 17661 15 18

Orillia 30259 30586 31166 32656 11 19

Tay 9748 9736 10033 10560 ‐01 31

Orangeville 26925 27975 28900 30450 39 33

Bracebridge 15652 15409 16010 16903 ‐16 39

Huntsville 18280 19056 19816 20931 42 40

Barrie 128430 135711 141434 149374 57 42

Springwater 17456 18223 19059 20178 44 46

Tiny 10754 11232 11787 12495 44 49

Gravenhurst 11046 11640 12311 13094 54 58

Innisfil 31175 33079 36566 39745 61 105

Collingwood 17290 19241 21793 23815 113 133

Change 2006‐2011

Change 2011‐2016

SimcoeMuskDuff Avg 342699 357571 374701 397122 43 48

Survey Total 10293100 10942150 11468780 12168981 63 48

Socio Economic Indicators 16

Municipal Study 2018

Population of Ontario Regions 2017 and 2041

The Ministry of Finance produces an updated set of population projections every year to provide a demographic outlook reflecting the most up‐to‐date trends and historical data

Ontariorsquos population is projected to grow by 302 or almost 43 million over the next 24 years from

an estimated 142 million on July 1 2017 to almost 185 million by July 1 2041

The annual rate of growth of Ontariorsquos population is projected to ease gradually from 18 to 09

over the projection period

Net migration is projected to account for 76 of all population growth in the province over the 2017ndash 2041 period with natural increase accounting for the remaining 24 In the second half of the projections the contribution of natural increase moderates as baby boomers increasingly reach senior

years and the number of deaths increases more rapidly

The number of children aged 0ndash14 is projected to increase gradually over the projection period from 22 million in 2017 to 27 million by 2041 The childrenrsquos share of population is projected to decrease gradually from 157 in 2017 to 148 by 2041

The Greater Toronto Area (GTA) is projected to be the fastest growing region of the province with its population increasing by 28 million or 408 to reach almost 97 million by 2041 The GTArsquos share of provincial population is projected to rise from 483 in 2017 to 523 in 2041

Socio Economic Indicators 17

Municipal Study 2018

Age Demographics

The age profile of a population may affect municipal expenditures For example expenditures may be

affected by seniors requiring higher public service costs and families with young children demanding

services for recreational and related programs

By 2041 there will be more people in every age group in Ontario compared to 2017 with a sharp increase in the number of seniors Baby boomers will have swelled the ranks of seniors children of the baby boom echo generation will be of school‐age and the baby boom echo cohorts along with a new generation of immigrants will have bolstered the population aged 15ndash64

The number of seniors aged 65 and over is projected to almost double from about 24 million or 167 of population in 2017 to almost 46 million or 248 by 2041 In 2015 for the first time seniors accounted for a larger share of population than children aged 0ndash14

The number of Ontarians aged 15ndash64 is projected to increase from 96 million in 2017 to 112 million by 2041 This age group is projected to decline as a share of total population from 676 in 2017 to 604 by 2041 As baby boomers continue to turn age 65 the growth in population aged 15ndash64 slows until 2027ndash28 and then accelerates over the remainder of the projection

The median age of Ontariorsquos population is projected to rise from 41 years in 2017 to 44 years in 2041 The median age for women climbs from 42 to 45 years over the projection period while for men it is projected to increase from 40 to 43 years

All regions see a shift to an older age structure The GTA is expected to remain the region with the youngest age structure as a result of strong international migration and positive natural increase

Socio Economic Indicators 18

‐ ‐

Municipal Study 2018

Age Demographics 2016 Stats Canada

Municipality 0 19 20‐44 45 64 65+ Municipality 0 19 20‐44 45‐64 65+

Bancroft 18 22 29 31 Aurora 25 30 32 13

Belleville 21 29 28 21 Brampton 27 36 25 11

Brockville 18 26 30 26 Brock 22 27 31 21

Cornwall 21 28 28 23 Burlington 23 30 28 19

Kingston 20 33 27 19 Caledon 26 29 31 13

North Stormont 24 30 31 14 Clarington 25 33 28 14

Ottawa 23 34 28 15 East Gwillimbury 23 30 32 15 Peterborough 20 31 26 22 Georgina 23 31 32 15 Prince Edward County 16 21 33 30 Halton Hills 26 29 31 13 Quinte West 22 28 30 19 King 25 29 31 15

Eastern Avg 20 28 29 22 Markham 23 32 29 15

Provincial Average 22 32 28 17 Milton 32 37 22 9

Mississauga 24 33 29 14

Newmarket

Oakville

25

27

31

29

31

30

14

15 Fort Erie 19 24 33 24

Oshawa 22 32 29 17 Grimsby 23 29 29 19

Pickering 23 31 31 15 Hamilton 22 32 28 17

Richmond Hill 24 31 31 15 Lincoln 23 27 28 21

Toronto 20 38 27 16 Niagara Falls 21 29 30 20

Vaughan 26 32 28 14 Niagara‐on‐the‐Lake 16 21 32 31

Whitby 27 32 29 13 Pelham 21 23 32 24

Whitchurch‐Stouffville 26 32 26 16 Port Colborne 19 25 32 25

St Catharines 20 31 28 22 GTA Avg 25 31 29 15

Thorold 22 33 29 16 Provincial Average 22 32 28 17

Wainfleet 22 25 34 18

Municipality 0 19 20‐44 45‐64 65+

Welland 20 29 29 21

West Lincoln 27 29 29 15

NiagaraHamilton Avg 21 27 30 21

Provincial Average 22 32 28 17

SourcemdashStats Canada Census 2016

Socio Economic Indicators 19

Elliot Lake 14 18 30 38

Espanola 19 27 32 22

Greater Sudbury 21 31 29 18

Greenstone 22 27 33 18

Kenora 21 29 31 19

North Bay 21 31 29 20

Parry Sound 18 26 29 27

Sault Ste Marie 19 28 30 22

Thunder Bay 20 31 29 20

Timmins 23 31 30 15

North Avg 20 28 30 22

Provincial Average 22 32 28 17

Municipal Study 2018

Age Demographics (contrsquod)

Municipality 0 19 20‐44 45‐64 65+

Municipality 0‐19 20‐44 45‐64 65+

Barrie 25 34 27 14

Bracebridge 19 25 31 25

Collingwood 19 26 28 26

Gravenhurst 16 24 33 28

Huntsville 20 27 32 22

Innisfil 24 30 31 15

Midland 19 26 31 25

Orangeville 26 33 27 14

Orillia 19 29 28 24

Penetanguishene 18 26 32 24

Springwater 25 28 33 15

Tay 19 26 34 21

Tiny 17 22 35 26

SimcoeMuskDuff Avg 20 27 31 21

Provincial Average 22 32 28 17

Municipality 0‐19 20‐44 45‐64 65+

Brant 23 27 31 19

Brantford 24 31 28 17

Brockton 22 26 30 21

Cambridge 25 33 28 15

Central Elgin 22 25 34 20

Centre Wellington 24 27 29 20

Chatham‐Kent 22 27 30 21

Erin 23 25 37 15

Grey Highlands 22 25 31 22

Guelph 23 36 26 15

Guelph‐Eramosa 23 26 33 17

Haldimand 23 27 31 18

Ingersoll 25 30 29 16

Kincardine 21 27 30 22

Kitchener 23 36 27 14

Lambton Shores 16 21 33 29

London 22 34 27 17

Mapleton 36 30 24 10

Meaford 18 22 32 28

Middlesex Centre 26 26 30 17

Minto 24 27 28 20

Norfolk 21 26 31 22

North Dumfries 26 28 31 14

North Middlesex 25 27 29 19

North Perth 27 30 25 18

Owen Sound 20 27 28 25

Puslinch 21 23 35 22

Sarnia 20 29 29 22

Saugeen Shores 19 27 30 24

St Marys 22 28 27 23

St Thomas 23 29 28 19

Stratford 21 29 30 21

Strathroy‐Caradoc 23 28 29 20

Tillsonburg 20 26 26 28

Waterloo 23 36 27 14

Wellesley 35 29 25 12

Wellington North 25 27 28 21

Wilmot 26 29 27 19

Windsor 22 32 28 18

Woolwich 28 30 26 17

Southwest Avg 23 28 29 19

Provincial Average 22 32 28 17 SourcemdashStats Canada Census 2016

Socio Economic Indicators 20

Municipal Study 2018

2018 Estimated Average Household Income Household income is one measure of a communityrsquos ability to pay for services While a higher relative household income is a positive indicator of the overall local economy it may lead to a greater expectation for quality programs and additional challenges in balancing desired levels of service with a willingness to pay for programs and services

Municipality

Elliot Lake $ 62158

Bancroft $ 65292

Owen Sound $ 70778

Midland $ 72919

Windsor $ 74671

Orillia $ 74970

Chatham‐Kent $ 77014

Belleville $ 77388

Niagara Falls $ 79768

Wellington North $ 80639

Fort Erie $ 81046

Quinte West $ 82770

Minto $ 83431

Tay $ 83731

Gravenhurst $ 83879

Espanola $ 84143

Greenstone $ 86104

Cornwall 62750 $

Parry Sound 67600 $

Brockville 71084 $

Welland 73910 $

St Thomas 74793 $

Port Colborne 76517 $

Tillsonburg 77240 $

Peterborough 79479 $

St Catharines 80012 $

Brantford 80735 $

North Bay 82320 $

Sault Ste Marie 82955 $

Thorold 83547 $

Penetanguishene 83774 $

Stratford 84065 $

Norfolk 84393 $

London 86126 $

Thunder Bay $ 87350

Municipality Municipality

St Marys $ 88756

Lambton Shores $ 88976

Oshawa $ 90192

North Perth $ 90553

North Stormont $ 91502

Brockton $ 92228

Prince Edward County $ 92682

Hamilton $ 93423

North Middlesex $ 94212

Kenora $ 96224

Haldimand $ 96891

Greater Sudbury $ 97604

Georgina $ 98312

Tiny $ 100784

Brampton $ 102663

Wainfleet $ 103485

Mapleton $ 107206

West Lincoln $ 107846

Strathroy‐Caradoc 88913 $

Collingwood 89612 $

Ingersoll 90487 $

Kitchener 90901 $

Kingston 91580 $

Bracebridge 92397 $

Brock 92943 $

Huntsville 94047 $

Sarnia 94588 $

Timmins 96423 $

Barrie 97290 $

Cambridge 97643 $

Guelph 100108 $

Orangeville 101444 $

Grey Highlands 102808 $

Centre Wellington 106318 $

Innisfil 107643 $

Mississauga $ 109999

Ottawa $ 111599

Lincoln $ 113606

Clarington $ 116511

Markham $ 118152

Wilmot $ 120075

Richmond Hill $ 121671

Newmarket $ 123590

Burlington $ 125873

Wellesley $ 127485

Milton $ 128664

North Dumfries $ 133048

Halton Hills $ 136293

Springwater $ 139363

Middlesex Centre $ 141189

Erin $ 142361

Aurora $ 155457

Oakville $ 179132

Central Elgin 110954 $

Brant 111853 $

Waterloo 114438 $

Grimsby 116929 $

Niagara‐on‐the‐Lake 118156 $

Saugeen Shores 120585 $

Kincardine 122567 $

Pickering 124559 $

Pelham 126655 $

Woolwich 128111 $

Whitby 128665 $

East Gwillimbury 135968 $

Guelph‐Eramosa 136490 $

Vaughan 139474 $

Whitchurch‐Stouffville 142060 $

Caledon 145664 $

Puslinch 179036 $

Meaford 87359 $ Toronto 107968 $ King 187349 $

Average $ 102194

SourcemdashManifold Data Mining Median 95406 $

Socio Economic Indicators 21

Municipal Study 2018

2018 Average Household Income by Geographic Location

The following table provides the estimated average household income in 2018 for each of the

municipalities SourcemdashManifold Data Mining summarized by geographic area

3

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Cornwall $ 62750 low

Bancroft $ 65292 low

Brockvil le $ 71084 low

Bellevil le $ 77388 low

Peterborough $ 79479 low

Quinte West $ 82770 low

North Stormont $ 91502 mid

Kingston $ 91580 mid

Prince Edward County $ 92682 mid

Ottawa $ 111599

Eastern Avg $ 82613

high

6

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Midland $ 72919 low

Orill ia $ 74970 low

Tay $ 83731 low

Penetanguishene $ 83774 low

Gravenhurst $ 83879 low

Collingwood $ 89612 mid

Bracebridge $ 92397 mid

Huntsvil le $ 94047 mid

Barrie $ 97290 mid

Tiny $ 100784 mid

Orangevil le $ 101444 mid

Innisfi l $ 107643 mid

Springwater $ 139363

SimcoeMuskDuff Avg $ 93989

high

1

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Oshawa

Brock

Georgina

Brampton

Toronto

Mississauga

Clarington

Markham

Richmond Hill

Newmarket

Pickering

Burlington

Milton

Whitby

East Gwill imbury

Halton Hills

Vaughan

Whitchurch‐Stouffvil le

Caledon

Aurora

Oakville

King

90192 $

92943 $

98312 $

102663 $

107968 $

109999 $

116511 $

118152 $

121671 $

123590 $

124559 $

125873 $

128664 $

128665 $

135968 $

136293 $

139474 $

142060 $

145664 $

155457 $

179132 $

187349 $

mid

mid

mid

mid

mid

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

GTA Avg 127780 $

Socio Economic Indicators 22

Municipal Study 2018

Average Household Income by Geographic Location (contrsquod)

2

Municipality

2018 Income Ranking

2018 Est Avg

Household Income

5

Municipality

2018

Income Ranking

2018 Est Avg

Household Income

low Welland $ 73910

low Port Colborne $ 76517

low Niagara Falls $ 79768

low St Catharines $ 80012

low Fort Erie $ 81046

low Thorold $ 83547

mid Hamilton $ 93423

mid Wainfleet $ 103485

mid West Lincoln $ 107846

Lincoln $ 113606

Grimsby $ 116929

Niagara‐on‐the‐Lake $ 118156

Pelham $ 126655

high

high

high

high

NiagaraHamilton Avg $ 96531

4

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Elliot Lake $ 62158 low

Parry Sound $ 67600 low

North Bay $ 82320 low

Sault Ste Marie $ 82955 low

Espanola $ 84143 low

Greenstone $ 86104 low

Thunder Bay $ 87350 low

Kenora $ 96224 mid

Timmins $ 96423 mid

Greater Sudbury $ 97604 mid

North Avg $ 84288

low Owen Sound $ 70778

low Windsor $ 74671

low St Thomas $ 74793

low Chatham‐Kent $ 77014

low Tillsonburg $ 77240

low Wellington North $ 80639

low Brantford $ 80735

low Minto $ 83431

low Stratford $ 84065

low Norfolk $ 84393

low London $ 86126

low Meaford $ 87359

mid St Marys $ 88756

mid Strathroy‐Caradoc $ 88913

mid Lambton Shores $ 88976

mid Ingersoll $ 90487

mid North Perth $ 90553

mid Kitchener $ 90901

mid Brockton $ 92228

mid North Middlesex $ 94212

mid Sarnia $ 94588

mid Haldimand $ 96891

mid Cambridge $ 97643

mid Guelph $ 100108

mid Grey Highlands $ 102808

mid Centre Wellington $ 106318

mid Mapleton $ 107206

Central Elgin $ 110954

Brant $ 111853

Waterloo $ 114438

Wilmot $ 120075

Saugeen Shores $ 120585

Kincardine $ 122567

Wellesley $ 127485

Woolwich $ 128111

North Dumfries $ 133048

Guelph‐Eramosa $ 136490

Middlesex Centre $ 141189

Erin $ 142361

Puslinch $ 179036

high

high

high

high

high

high

high

high

high

high

high

high

high

Southwest Avg $ 102001

Socio Economic Indicators 23

Municipal Study 2018

Summary 2018 Average Household Income by Geographic Location

GTA

Southwest

NiagaraHamilton

SimcoeMuskDuff

North

Eastern

Socio Economic Indicators 24

Municipal Study 2018

Land Area and Density

Population density indicates the number of residents living in an area (usually measured by square kilometre) Density readings can lend insight into the age of a city growth patterns zoning practices new development opportunities and the level of multi‐family unit housing High population density can also

indicate whether a municipality may be reaching build‐out as well as service and infrastructure needs such as additional public transit or street routes As stated by the Province of Ontario in their InfoSheet Planning for Intensification some of the benefits of intensification include

Using resources such as lands buildings and infrastructure more effectively

Protecting the natural environment and biodiversity by limiting urban expansion

Incorporating green features that offset and support new development

Creating active streets that promote healthier patterns of human activity

Creating economic opportunities

Reducing carbon footprint

Improving access to public transit

Enhancing community identity

Improving municipal fiscal performance

Socio Economic Indicators 25

Municipal Study 2018

Land Area and Density (sorted by population density)

Municipality Land Area

(Sq Km)

2018

Pop

Density Per Sq

Density Ranking Municipality

Land Area

(Sq Km)

2018

Pop

Density Per Sq

Density Ranking

Greenstone 2767 2 low Espanola 83 61 mid

North Middlesex 598 11 low Centre Wellington 408 74 mid

Grey Highlands 883 12 low Kenora 212 74 mid

North Stormont 516 14 low Tay 139 76 mid

Timmins 2979 14 low Strathroy‐Caradoc 271 80 mid

Ell iot Lake 715 15 low Woolwich 326 82 mid

Brockton 565 17 low King 333 83 mid

Bancroft 230 18 low Wilmot 264 83 mid

Meaford 589 19 low Saugeen Shores 171 86 mid

Mapleton 535 21 low Quinte West 494 92 mid

Kincardine 538 22 low East Gwill imbury 245 105 mid

Wellington North 526 24 low Caledon 688 105 mid

Prince Edward County 1050 24 low Pelham 126 142 mid

Gravenhurst 518 25 low Niagara‐on‐the‐Lake 133 144 mid

Bracebridge 628 27 low Innisfi l 263 151 mid

North Perth 493 28 low Lincoln 163 155 mid

Brock 423 29 low Port Colborne 122 156 mid

Huntsvil le 710 29 low Clarington 611 162 mid

Minto 301 30 low North Bay 319 165 mid

Wainfleet 217 31 low Georgina 288 167 mid

Middlesex Centre 588 31 low Fort Erie 166 194 mid

Lambton Shores 331 33 low Bellevil le 247 215 mid

Puslinch 215 36 low Halton Hills 276 234 mid

Tiny 337 37 low Thorold 83 240 mid

Springwater 536 38 low Whitchurch‐Stouffvil le 206 250 mid

Haldimand 1252 38 low Kingston 415 311 mid

West Lincoln 388 40 low Milton 363 329 mid

Erin 298 41 low Sault Ste Marie 223 339 mid

Norfolk 1608 42 low Thunder Bay 328 341 mid

Chatham‐Kent 2458 43 low Ottawa 2790 356 mid

Wellesley 278 43 low Penetanguishene 26 362 mid

Brant 843 46 low Pickering 232 418 mid

Guelph‐Eramosa 292 47 low Grimsby 69 425 mid

Central Elgin 280 47 low Niagara Falls 210 447 mid

Greater Sudbury 3228 52 low Sarnia 165 450 mid

North Dumfries 187 59 low Midland 35 500 mid

Socio Economic Indicators 26

Municipal Study 2018

Land Area and Density (sorted by population density) (contrsquod)

Municipality Land Area

(Sq Km)

2018

Pop

Density Per Sq

Density Ranking

Parry Sound 13 504

Hamilton 1117 506

St Marys 12 628

Welland 81 680

Collingwood 34 705

Til lsonburg 22 750

Cornwall 62 789

Owen Sound 24 909

Whitby 147 929

London 420 968

Burlington 186 1044

Brockvil le 21 1055

Ingersoll 13 1061

Oril l ia 29 1143

St Thomas 36 1148

Stratford 28 1165

Oshawa 146 1168

Aurora 50 1176

Vaughan 274 1193

Cambridge 113 1207

Peterborough 64 1326

Brantford 72 1422

St Catharines 96 1448

Oakvil le 139 1487

Barrie 99 1508

Windsor 146 1561

Guelph 87 1622

Markham 212 1668

Waterloo 64 1747

Kitchener 137 1818

Orangeville 16 1951

Richmond Hill 101 2046

Newmarket 38 2326

Brampton 266 2436

Mississauga 292 2640

Toronto 630 4587

Average 423 547

Median 255 164

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

Socio Economic Indicators 27

Municipal Study 2018

Land Area and Density by Geographic Location

3 2018

Population

Density Per Sq Km

Land Area (Sq Km)

Density Ranking

low North Stormont 516 14

low Bancroft 230 18

low Prince Edward County 1050 24

mid Quinte West 494 92

mid Bellevil le 247 215

mid Kingston 415 311

mid Ottawa 2790 356

Cornwall 62 789

Brockvil le 21 1055

Peterborough 64 1326

high

high

high

Eastern Avg 589 420

Median 331 263

2 Municipality

Land Area (Sq Km)

2018

Population

Density Per Sq Km

Density Ranking

low Wainfleet 217 31

low West Lincoln 388 40

mid Pelham 126 142

mid Niagara‐on‐the‐Lake 133 144

mid Lincoln 163 155

mid Port Colborne 122 156

mid Fort Erie 166 194

mid Thorold 83 240

mid Grimsby 69 425

mid Niagara Falls 210 447

Hamilton 1117 506

Welland 81 680

St Catharines 96 1448

high

high

high

NiagaraHamilton Avg 229 354

Median 133 194

1 Municipality

Land Area (Sq Km)

2018

Population

Density Per Sq Km

Density Ranking

low Brock 423 29

mid King 333 83

mid East Gwill imbury 245 105

mid Caledon 688 105

mid Clarington 611 162

mid Georgina 288 167

mid Halton Hills 276 234

mid Whitchurch‐Stouffvil le 206 250

mid Milton 363 329

mid Pickering 232 418

Whitby 147 929

Burlington 186 1044

Oshawa 146 1168

Aurora 50 1176

Vaughan 274 1193

Oakville 139 1487

Markham 212 1668

Richmond Hill 101 2046

Newmarket 38 2326

Brampton 266 2436

Mississauga 292 2640

Toronto 630 4587

high

high

high

high

high

high

high

high

high

high

high

high

GTA Avg 279 1117

Median 256 987

Socio Economic Indicators 28

Municipal Study 2018

Land Area and Density by Geographic Location (contrsquod)

4 Municipality

Land Area

(Sq Km)

2018

Population Density Per Sq Km

Density Ranking

5 Municipality

Land Area

(Sq Km)

2018

Population Density Per Sq Km

Density Ranking

low Greenstone 2767 2

low Timmins 2979 14

low Elliot Lake 715 15

low Greater Sudbury 3228 52

mid Espanola 83 61

mid Kenora 212 74

mid North Bay 319 165

mid Sault Ste Marie 223 339

mid Thunder Bay 328 341

Parry Sound 13 504 high

North Avg 1087 157

Median 324 67

6 Municipality

Density Ranking

Land Area (Sq Km)

2018

Population

Density Per Sq Km

low Gravenhurst 518 25

Bracebridge 628 27 low

low Huntsvil le 710 29

Tiny 337 37 low

low Springwater 536 38

Tay 139 76 mid

mid Innisfil 263 151

Penetanguishene 26 362 mid

mid Midland 35 500

Oril l ia 29 1143

Orangevil le 16 1951

Coll ingwood 34 705 high

high

Barrie 99 1508 high

high

SimcoeMuskDuff Avg 259 504

Median

GTA

SimcoeMuskDuff

Southwest

Eastern

NiagaraHamilton

North

139 151

Population Density Per Sq Km

0 200 400 600 800 1000 1200

low North Middlesex 598 11

low Grey Highlands 883 12

low Brockton 565 17

low Meaford 589 19

low Mapleton 535 21

low Kincardine 538 22

low Wellington North 526 24

low North Perth 493 28

low Minto 301 30

low Middlesex Centre 588 31

low Lambton Shores 331 33

low Puslinch 215 36

low Haldimand 1252 38

low Erin 298 41

low Norfolk 1608 42

low Chatham‐Kent 2458 43

low Wellesley 278 43

low Brant 843 46

low Guelph‐Eramosa 292 47

low Central Elgin 280 47

low North Dumfries 187 59

mid Centre Wellington 408 74

mid Strathroy‐Caradoc 271 80

mid Woolwich 326 82

mid Wilmot 264 83

mid Saugeen Shores 171 86

mid Sarnia 165 450

St Marys 12 628

Til lsonburg 22 750

Owen Sound 24 909

London 420 968

Ingersoll 13 1061

St Thomas 36 1148

Stratford 28 1165

Cambridge 113 1207

Brantford 72 1422

Windsor 146 1561

Guelph 87 1622

Waterloo 64 1747

Kitchener 137 1818

high

high

high

high

high

high

high

high

high

high

high

high

high

Southwest Avg 411 439

Median 286 53

Socio Economic Indicators 29

Municipal Study 2018

Labour Statistics

The labour force is defined as the number of people aged 15 and over who are employed and unemployed Labour force statistics are an important measure of the economyrsquos potential The larger the percentage of the population that enters the labour force the larger the potential output and standard of living Growth

in the labour force implies expansion potential The rate of employment of the communityrsquos citizens is a measure of and an influence on the communityrsquos ability to support its local business sector A decline in employment base or higher than average rates of unemployment can be a warning signal that overall economic activity may be declining Unemployment does not capture working age residents who are unemployed and are no longer actively seeking employment The employment rate provides a fuller picture of employment in the community

Socio Economic Indicators 30

Municipal Study 2018

Labour Statistics CMA

CMA

Employment Rate Sept

2018

Employment Change 2017 2018

Participation Rate

Participation Rate Change 2017 2018

Unemployment Rate Sept 2018

Unemployment Rate Change 2017 2018

Barrie

Brantford

Greater Sudbury

Guelph

Hamilton

Kingston

KitchenerCambridge Waterloo

London

Oshawa

Ottawa‐Gatineau

Peterborough

St Catharines‐Niagara

Thunder Bay

Toronto

Windsor

670

583

574

652

611

606

680

583

652

641

615

569

614

614

554

‐09

‐38

‐05

‐37

‐42

‐11

07

25

15

06

15

03

15

‐06

‐22

712

619

613

677

644

642

717

614

691

671

652

615

648

654

597

‐11

‐38

‐03

‐55

‐38

‐11

10

24

22

‐03

11

10

17

‐06

‐14

58

58

64

36

52

55

51

52

56

45

56

75

53

61

73

‐02

04

04

‐23

10

01

03

‐02

08

‐13

‐12

10

02

00

16

Ontario 609 ‐02 645 ‐03 57 00

Source Stats Canada

Socio Economic Indicators 31

Municipal Study 2018

32

Assessment Per Capita (Sorted by Unweighted Assessment)

Property assessment is the basis upon

which municipalities raise taxes A

strong assessment base is critical to a

municipalityrsquos ability to generate

revenues Assessment per capita

statistics have been compared to

provide an indication of the ldquorichnessrdquo of

the assessment base in each

municipality

Unweighted assessment provides the actual current value assessment of the

properties

Weighted assessment reflects the basis

upon which property taxes are levied

after applying the tax ratios to the

various property classes to the

unweighted assessment

Socio Economic Indicators

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Elliot Lake 49556 $ $ 55809 low low

Windsor 70740 $ $ 89181 low low

Espanola 74662 $ $ 95740 low low

Cornwall 77046 $ $ 101758 low low

St Thomas 79492 $ $ 94092 low low

Timmins 80049 $ $ 96701 low low

Welland 82100 $ $ 91809 low low

Sault Ste Marie 87701 $ $ 112497 low low

Owen Sound 90150 $ $ 109736 low low

Thunder Bay 92226 $ $ 114994 low low

Ingersoll 92868 $ $ 113347 low low

Bancroft 94650 $ $ 95422 low low

Port Colborne 96242 $ $ 107878 low low

Quinte West 96974 $ $ 106167 low low

Sarnia 97322 $ $ 112509 low low

Tillsonburg 98390 $ $ 116633 low low

Brockville 99130 $ $ 121702 low low

Belleville 99663 $ $ 126825 low mid

Brantford 102171 $ $ 122952 low low

St Catharines 103081 $ $ 119650 low low

Greater Sudbury 104015 $ $ 127985 low mid

North Bay 104307 $ $ 124452 low mid

Peterborough 104810 $ $ 118983 low low

London 105144 $ $ 120661 low low

Parry Sound 105525 $ $ 122599 low low

St Marys 105921 $ $ 120810 low low

Penetanguishene 108151 $ $ 111153 low low

Thorold 109101 $ $ 121396 low low

Midland 110881 $ $ 117659 low low

Kenora 111838 $ $ 132512 low mid

Fort Erie 111853 $ $ 119871 low low

Kitchener 116058 $ $ 136243 low mid

Minto 116637 $ $ 99007 low low

Oshawa 116675 $ $ 131036 low mid

Stratford 117383 $ $ 142680 low mid

Orillia 118401 $ $ 140299 low mid

Municipal Study 2018

Assessment Per Capita (Sorted by Unweighted Assessment) (contrsquod)

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Niagara Falls $ 119136 $ 145134 mid mid

Chatham‐Kent $ 119182 $ 95494 mid low

Strathroy‐Caradoc $ 120420 $ 112270 mid low

Cambridge $ 121506 $ 147676 mid mid

Hamilton $ 123694 $ 146819 mid mid

Tay $ 124259 $ 122533 mid low

Orangeville $ 127343 $ 136426 mid mid

Kingston $ 128262 $ 146747 mid mid

Barrie $ 129721 $ 139665 mid mid

Greenstone $ 130518 $ 127794 mid mid

West Lincoln $ 130985 $ 121413 mid low

Haldimand $ 131748 $ 125004 mid mid

Clarington $ 133155 $ 136930 mid mid

Guelph $ 139291 $ 165252 mid

Norfolk $ 139339 $ 123997 mid low

Brockton $ 139798 $ 106270 mid low

Brampton $ 140308 $ 149135 mid mid

Lincoln $ 141793 $ 142067 mid mid

Pelham $ 142156 $ 141412 mid mid

Grimsby $ 143810 $ 153059 mid mid

Wellington North $ 147042 $ 114949 mid low

Central Elgin $ 148557 $ 128634 mid mid

Whitby $ 150288 $ 161449 mid mid

Centre Wellington $ 152007 $ 144000 mid mid

Wainfleet $ 153135 $ 138714 mid mid

Georgina $ 154729 $ 153478 mid mid

Brock $ 155114 $ 137843 mid mid

North Stormont $ 157983 $ 105544 mid low

Wilmot $ 159381 $ 150091 mid mid

Meaford $ 161150 $ 146718 mid mid

Brant $ 161479 $ 154147 mid mid

Ottawa $ 164103 $ 194028 mid

Waterloo $ 164531 $ 194966 mid

Woolwich $ 165349 $ 166951 mid

Prince Edward County $ 165730 $ 157062 mid mid

high

high

high

high

Wellesley 167265 $ $ 136354 mid mid

Socio Economic Indicators 33

Municipal Study 2018

Assessment Per Capita (Sorted by Unweighted Assessment ) (contrsquod)

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Collingwood $ 170793 $ 177145

Pickering $ 175091 $ 187269

Springwater $ 177271 $ 165762

Saugeen Shores $ 177948 $ 174964

Innisfil $ 179107 $ 175252

Milton $ 183143 $ 197531

Huntsville $ 184033 $ 184555

Bracebridge $ 186068 $ 186348

North Perth $ 187449 $ 127259

North Dumfries $ 188250 $ 198361

Newmarket $ 190605 $ 197521

Halton Hills $ 191864 $ 202944

Mississauga $ 195204 $ 220161

Kincardine $ 196159 $ 175934

Guelph‐Eramosa $ 201118 $ 181487

Erin $ 202247 $ 186496

Middlesex Centre $ 205689 $ 155170

Burlington $ 207355 $ 234312

Grey Highlands $ 209673 $ 176167

Mapleton $ 213981 $ 135649

Whitchurch‐Stouffvill $ 220586 $ 220377

Toronto $ 222667 $ 320682

Caledon $ 236060 $ 235797

East Gwillimbury $ 240312 $ 235891

Markham $ 241816 $ 249067

Aurora $ 244870 $ 250861

Lambton Shores $ 245964 $ 216573

Niagara‐on‐the‐Lake $ 259936 $ 274476

Gravenhurst $ 261645 $ 262220

North Middlesex $ 263607 $ 135367

Richmond Hill $ 264402 $ 270035

Oakville $ 272192 $ 296552

Vaughan $ 272434 $ 286894

Puslinch $ 276942 $ 290895

Tiny $ 305257 $ 298534

King $ 310146 $ 297667

Average $ 154140 $ 156898 Median $ 141974 $ 139982

high high

high high

high high

high high

high high

high high

high high

high high

high mid

high high

high high

high high

high high

high high

high high

high high

high mid

high high

high high

high mid

high high

high high

high high

high high

high high

high high

high high

high high

high high

high mid

high high

high high

high high

high high

high high

high high

Socio Economic Indicators 34

Municipal Study 2018

Taxable Assessment Per Capita (Grouped by Location sorted by unweighted assessment)

Eastern Municipalities 3

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Cornwall 77046 $ $ 101758 low low

Bancroft 94650 $ $ 95422 low low

Quinte West 96974 $ $ 106167 low low

Brockville 99130 $ $ 121702 low low

Belleville 99663 $ $ 126825 low mid

Peterborough 104810 $ $ 118983 low low

Kingston 128262 $ $ 146747 mid mid

North Stormont 157983 $ $ 105544 mid low

Ottawa 164103 $ $ 194028 mid high

Prince Edward County 165730 $ $ 157062 mid mid

Eastern Avg 118835 $ $ 127424

Median 102236 $ $ 120342

NiagaraHamilton Municipalities

2

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Welland 82100 $ $ 91809 low low

Port Colborne 96242 $ $ 107878 low low

St Catharines 103081 $ $ 119650 low low

Thorold 109101 $ $ 121396 low low

Fort Erie 111853 $ $ 119871 low low

Niagara Falls 119136 $ $ 145134 mid mid

Hamilton 123694 $ $ 146819 mid mid

West Lincoln 130985 $ $ 121413 mid low

Lincoln 141793 $ $ 142067 mid mid

Pelham 142156 $ $ 141412 mid mid

Grimsby 143810 $ $ 153059 mid mid

Wainfleet 153135 $ $ 138714 mid mid

Niagara‐on‐the‐Lake 259936 $ $ 274476 high high

NiagaraHamilton Avg $ 132079 $ 140285

Median $ 123694 $ 138714

Socio Economic Indicators 35

Municipal Study 2018

Taxable Assessment Per Capita (contrsquod) (Grouped by Location sorted by unweighted assessment)

GTA Municipalities

1

Municipality

2018 Unweighted Assessment per Capita

2018 Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Oshawa $ 116675 $ 131036 low mid

Clarington $ 133155 $ 136930 mid mid

Brampton $ 140308 $ 149135 mid mid

Whitby $ 150288 $ 161449 mid mid

Georgina $ 154729 $ 153478 mid mid

Brock $ 155114 $ 137843 mid mid

Pickering $ 175091 $ 187269

Milton $ 183143 $ 197531

Newmarket $ 190605 $ 197521

Halton Hills $ 191864 $ 202944

Mississauga $ 195204 $ 220161

Burlington $ 207355 $ 234312

Whitchurch‐Stouffville $ 220586 $ 220377

Toronto $ 222667 $ 320682

Caledon $ 236060 $ 235797

East Gwillimbury $ 240312 $ 235891

Markham $ 241816 $ 249067

Aurora $ 244870 $ 250861

Richmond Hill $ 264402 $ 270035

Oakville $ 272192 $ 296552

Vaughan $ 272434 $ 286894

King $ 310146 $ 297667

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

GTA Avg $ 205410 $ 216974

Median $ 201279 $ 220269

Socio Economic Indicators 36

Municipal Study 2018

Taxable Assessment Per Capita (contrsquod) (Grouped by Location sorted by unweighted assessment)

Northern Municipalities 4

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Elliot Lake 49556 $ $ 55809 low low

Espanola 74662 $ $ 95740 low low

Timmins 80049 $ $ 96701 low low

Sault Ste Marie 87701 $ $ 112497 low low

Thunder Bay 92226 $ $ 114994 low low

Greater Sudbury 104015 $ $ 127985 low mid

North Bay 104307 $ $ 124452 low mid

Parry Sound 105525 $ $ 122599 low low

Kenora 111838 $ $ 132512 low mid

Greenstone 130518 $ $ 127794 mid mid

North Avg 94040 $ $ 111108

Median 98121 $ $ 118797

SimcoeMuskokaDufferin Municipalities

6

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Penetanguishene 108151 $ $ 111153 low low

Midland 110881 $ $ 117659 low low

Orillia 118401 $ $ 140299 low mid

Tay 124259 $ $ 122533 mid low

Orangeville 127343 $ $ 136426 mid mid

Barrie 129721 $ $ 139665 mid mid

Collingwood 170793 $ $ 177145 high high

Springwater 177271 $ $ 165762 high high

Innisfil 179107 $ $ 175252 high high

Huntsville 184033 $ $ 184555 high high

Bracebridge 186068 $ $ 186348 high high

Gravenhurst 261645 $ $ 262220 high high

Tiny 305257 $ $ 298534 high high

SimcoeMuskDuff Avg $ 167918 $ 170581

Median $ 170793 $ 165762

Socio Economic Indicators 37

Municipal Study 2018

Taxable Assessment Per Capita (contrsquod) (Grouped by Location sorted by unweighted assessment) Southwest Municipalities

5

Municipality

2018

Unweighted Assessment per Capita

2018 Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Windsor $ 70740 $ 89181 low low

St Thomas $ 79492 $ 94092 low low

Owen Sound $ 90150 $ 109736 low low

Ingersoll $ 92868 $ 113347 low low

Sarnia $ 97322 $ 112509 low low

Tillsonburg $ 98390 $ 116633 low low

Brantford $ 102171 $ 122952 low low

London $ 105144 $ 120661 low low

St Marys $ 105921 $ 120810 low low

Kitchener $ 116058 $ 136243 low mid

Minto $ 116637 $ 99007 low low

Stratford $ 117383 $ 142680 low mid

Chatham‐Kent $ 119182 $ 95494 mid low

Strathroy‐Caradoc $ 120420 $ 112270 mid low

Cambridge $ 121506 $ 147676 mid mid

Haldimand $ 131748 $ 125004 mid mid

Guelph $ 139291 $ 165252 mid

Norfolk $ 139339 $ 123997 mid low

Brockton $ 139798 $ 106270 mid low

Wellington North $ 147042 $ 114949 mid low

Central Elgin $ 148557 $ 128634 mid mid

Centre Wellington $ 152007 $ 144000 mid mid

Wilmot $ 159381 $ 150091 mid mid

Meaford $ 161150 $ 146718 mid mid

Brant $ 161479 $ 154147 mid mid

Waterloo $ 164531 $ 194966 mid

Woolwich $ 165349 $ 166951 mid

Wellesley $ 167265 $ 136354

high high

high mid

high high

high high

high high

high high

high mid

high high

high mid

high high

high mid

high high

mid mid

Saugeen Shores $ 177948 $ 174964

North Perth $ 187449 $ 127259

North Dumfries $ 188250 $ 198361

Kincardine $ 196159 $ 175934

Guelph‐Eramosa $ 201118 $ 181487

Erin $ 202247 $ 186496

Middlesex Centre $ 205689 $ 155170

Grey Highlands $ 209673 $ 176167

Mapleton $ 213981 $ 135649

Lambton Shores $ 245964 $ 216573

North Middlesex $ 263607 $ 135367

Puslinch $ 276942 $ 290895

high

high

high

Southwest Avg $ 152484 $ 143624

Median $ 147800 $ 135946

Socio Economic Indicators 38

‐ ‐

‐ ‐

Municipal Study 2018

Unweighted AssessmentmdashTrend

The tables on the next several pages reflect the change in unweighted assessment from 2013‐2018 The changes in assessment trends are related to new growth as well as changes in market value of existing properties The changes include the impact of reassessment as well as growth The table has been sorted

from low to high for the 2017‐2018 change in assessment

2013

2014

2014 2015

2015

2016

2016 2017

2017 2018

Ranking 2017 2018

Meaford 56 52 45 04 03 low

Owen Sound 33 25 20 ‐09 14 low

Brockvil le 47 36 62 ‐25 15 low

North Bay 61 49 51 ‐11 23 low

Elliot Lake NA 51 47 ‐10 23 low

St Marys NA NA 30 31 27 low

Windsor 14 12 14 29 27 low

Timmins 71 65 58 ‐10 29 low

Bracebridge 29 25 26 09 30 low

Peterborough 33 29 30 45 30 low

Brant 59 52 59 63 31 low

Gravenhurst 27 31 30 17 33 low

Bellevil le 33 39 29 15 36 low

Saugeen Shores 59 60 51 ‐03 36 low

Huntsville 22 28 24 14 37 low

Ottawa 78 65 72 58 38 low

Fort Erie 20 19 18 ‐02 38 low

Sarnia 21 20 23 25 38 low

London 37 46 35 47 40 low

Greater Sudbury 83 63 49 ‐10 41 low

Port Colborne 27 30 22 15 43 low

Parry Sound NA NA 27 ‐50 45 low

St Thomas 21 31 30 23 45 low

Sault Ste Marie 73 63 62 22 45 low

Prince Edward County 58 42 44 50 46 low

Quinte West 35 41 31 28 46 low

Stratford 58 40 38 33 47 low

Kingston 59 13 48 37 47 low

Greenstone 23 22 19 34 47 low

Ingersoll 09 54 32 23 48 low

Welland 28 30 19 34 49 low

Tillsonburg 36 33 26 15 50 low

Socio Economic Indicators 39

Municipal Study 2018

Unweighted AssessmentmdashTrend (contrsquod)

Socio Economic Indicators

2013 ‐

2014 2014 ‐

2015 2015 ‐

2016 2016 ‐

2017 2017 ‐

2018

Ranking 2017 ‐ 2018

Cambridge 41 38 37 43 51 mid

Kenora 67 65 61 38 51 mid

St Catharines 32 28 24 27 51 mid

Kitchener 55 61 53 53 53 mid

Central Elgin NA NA NA 36 54 mid

Collingwood NA 36 39 46 56 mid

Kincardine NA NA 54 20 56 mid

Cornwall 106 64 67 ‐14 57 mid

Strathroy‐Caradoc NA 45 42 62 57 mid

Orill ia 27 26 23 30 57 mid

Wilmot 56 53 52 49 58 mid

Erin NA NA 49 48 59 mid

Brock 37 41 37 49 59 mid

Thunder Bay 72 71 75 56 61 mid

Brantford NA NA NA NA 61 mid

Thorold 36 37 39 34 62 mid

Grey Highlands NA 69 64 37 63 mid

Orangevil le 43 41 43 46 64 mid

Lambton Shores 64 57 57 53 65 mid

Wainfleet 31 28 29 63 65 mid

Woolwich 48 53 42 64 65 mid

Pelham 34 33 40 43 65 mid

Centre Wellington NA NA 48 59 66 mid

North Dumfries 38 36 39 60 67 mid

Mississauga 57 55 51 66 67 mid

Barrie 30 33 28 75 67 mid

Guelph 43 64 38 86 67 mid

Chatham‐Kent NA NA 48 53 68 mid

Puslinch NA NA 43 20 71 mid

Guelph‐Eramosa NA NA 46 62 72 mid

Halton Hills 85 62 48 64 72 mid

Minto NA NA 46 75 73 mid

Hamilton 43 45 48 63 73 mid

Haldimand NA NA NA 51 73 mid

40

Municipal Study 2018

Unweighted AssessmentmdashTrend (contrsquod)

41Socio Economic Indicators

Lincoln 39 45 37 52 76

Middlesex Centre 73 74 66 66 78

Burlington 54 62 53 69 78

Waterloo 66 60 58 56 81

Caledon 74 71 63 73 84

Toronto 65 67 67 88 87

Grimsby 32 48 43 79 88

Brampton 77 74 73 84 88

Wellesley 65 58 50 87 89

Niagara‐on‐the‐Lake 58 97 64 74 90

Wellington North NA NA 55 93 91

Vaughan 77 75 63 90 91

Whitby 51 43 41 96 92

Clarington 73 47 44 86 93

Georgina 49 46 51 87 98

Milton 85 91 76 76 98

Oakville 68 77 69 75 100

Oshawa 38 32 38 106 102

West Lincoln 49 36 45 94 102

Newmarket 80 63 56 93 104

Whitchurch‐Stouffvil le 84 66 57 104 106

Markham 93 85 79 115 106

King 117 103 101 84 107

Mapleton NA NA 84 115 109

Niagara Falls 37 72 50 ‐09 112

Aurora 76 73 88 115 115

Richmond Hill 87 81 75 130 117

North Middlesex NA NA NA 126 118

Springwater 40 48 44 63 121

North Perth NA NA NA 126 122

Innisfil 49 47 61 80 125

Pickering 58 45 46 38 137

East Gwillimbury 88 55 46 134 159

Average 53 50 47 51 67

Median 51 48 46 52 64

2013 ‐

2014 2014 ‐

2015

2015 ‐2016

2016 ‐

2017

2017 ‐

2018

Ranking 2017 ‐ 2018

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐2018)

3

Eastern

Brockvil le 47 36 62 ‐25 15 low

Peterborough 33 29 30 45 30 low

Bellevil le 33 39 29 15 36 low

Ottawa 78 65 72 58 38 low

Prince Edward County 58 42 44 50 46 low

Quinte West 35 41 31 28 46 low

Kingston 59 13 48 37 47 low

Cornwall 106 64 67 ‐14 57 mid

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

Ranking 2017 ‐ 2018

Average 56 41 48 24 39

Median 53 40 46 33 42

2

NiagaraHamilton

Fort Erie 20 19 18 ‐02 38 low

Port Colborne 27 30 22 15 43 low

Welland 28 30 19 34 49 low

St Catharines 32 28 24 27 51 mid

Thorold 36 37 39 34 62 mid

Wainfleet 31 28 29 63 65 mid

Pelham 34 33 40 43 65 mid

Hamilton 43 45 48 63 73 mid

Lincoln 39 45 37 52 76 high

Grimsby 32 48 43 79 88 high

Niagara‐on‐the‐Lake 58 97 64 74 90 high

West Lincoln 49 36 45 94 102 high

Niagara Falls 37 72 50 ‐09 112 high

Ranking 2017 ‐ 2018

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

Average 36 42 37 44 70

Median 34 36 39 43 65

Socio Economic Indicators 42

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐2018) (contrsquod)

1

GTA

Brock

Mississauga

Halton Hills

Burlington

Caledon

Toronto

Brampton

Vaughan

Whitby

Clarington

Georgina

Milton

Oakville

Oshawa

Newmarket

Whitchurch‐Stouffvil le

Markham

King

Aurora

Richmond Hill

Pickering

East Gwill imbury

Average

Median

37

57

85

54

74

65

77

77

51

56

49

85

68

38

80

84

93

117

76

87

58

88

71

75

2013 ‐2014

41

55

62

62

71

67

74

75

43

47

46

91

77

32

63

66

85

103

73

81

45

55

64

65

2014 ‐2015

37

51

48

53

63

67

73

63

41

44

51

76

69

38

56

57

79

101

88

75

46

46

60

57

2015 ‐2016

49

66

64

69

73

88

84

90

96

86

87

76

75

106

93

104

115

84

115

130

38

134

87

86

2016 ‐2017

59 mid

67 mid

72 mid

78 high

84 high

87 high

88 high

91 high

92 high

93 high

98 high

98 high

100 high

102 high

104 high

106 high

106 high

107 high

115 high

117 high

137 high

159 high

98

98

2017 ‐2018

Ranking 2017 ‐ 2018

Socio Economic Indicators 43

‐ ‐ ‐ ‐ ‐

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐18) (contrsquod)

5

Southwest

2013

2014 2014 2015

2015

2016 2016

2017 2017

2018 Ranking 2017 2018

Meaford 56 52 45 04 03 low

Owen Sound 33 25 20 ‐09 14 low

St Marys NA NA 30 31 27 low

Windsor 14 12 14 29 27 low

Brant 59 52 59 63 31 low

Saugeen Shores 59 60 51 ‐03 36 low

Sarnia 21 20 23 25 38 low

London 37 46 35 47 40 low

St Thomas 21 31 30 23 45 low

Stratford 58 40 38 33 47 low

Ingersoll 09 54 32 23 48 low

Tillsonburg 36 33 26 15 50 low

Cambridge 41 38 37 43 51 mid

Kitchener 55 61 53 53 53 mid

Central Elgin NA NA NA 36 54 mid

Kincardine NA NA 54 20 56 mid

Strathroy‐Caradoc NA 45 42 62 57 mid

Wilmot 56 53 52 49 58 mid

Erin NA NA 49 48 59 mid

Brantford NA NA NA NA 61 mid

Grey Highlands NA 69 64 37 63 mid

Lambton Shores 64 57 57 53 65 mid

Woolwich 48 53 42 64 65 mid

Centre Wellington NA NA 48 59 66 mid

North Dumfries 38 36 39 60 67 mid

Guelph 43 64 38 86 67 mid

Chatham‐Kent NA NA 48 53 68 mid

Puslinch NA NA 43 20 71 mid

Guelph‐Eramosa NA NA 46 62 72 mid

Minto NA NA 46 75 73 mid

Haldimand NA NA NA 51 73 mid

Middlesex Centre 73 74 66 66 78

Waterloo 66 60 58 56 81

Wellesley 65 58 50 87 89

Wellington North NA NA 55 93 91

Mapleton NA NA 84 115 109

North Middlesex NA NA NA 126 118

North Perth NA NA NA 126 122

Average 45 48 45 51 60

Median 48 52 46 51 60

high

high

high

high

high

high

high

Socio Economic Indicators 44

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐18) (contrsquod)

4

North

North Bay 61 49 51 ‐11 23 low

Elliot Lake NA 51 47 ‐10 23 low

Timmins 71 65 58 ‐10 29 low

Greater Sudbury 83 63 49 ‐10 41 low

Parry Sound NA NA 27 ‐50 45 low

Sault Ste Marie 73 63 62 22 45 low

Greenstone 23 22 19 34 47 low

Kenora 67 65 61 38 51 mid

Thunder Bay 72 71 75 56 61 mid

Ranking 2017 ‐ 2018

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

6

SimcoeMuskDuff

Bracebridge 29 25 26 09 30 low

Gravenhurst 27 31 30 17 33 low

Huntsvil le 22 28 24 14 37 low

Collingwood NA 36 39 46 56 mid

Orill ia 27 26 23 30 57 mid

Orangevil le 43 41 43 46 64 mid

Barrie 30 33 28 75 67 mid

Springwater 40 48 44 63 121 high

Innisfi l 49 47 61 80 125 high

Ranking 2017 ‐ 2018

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

Average 64 56 50 07 41

Median 71 63 51 ‐10 45

Average 33 35 35 42 65

Median 29 33 30 46 57

Socio Economic Indicators 45

Municipal Study 2018

2018 Unweighted Assessment Composition (Sorted Alphabetically)

Municipality Residential Multi‐

Residential Commercial Industrial Pipelines Farmlands Forests

Aurora 876 09 95 18 01 01 00

Bancroft 746 46 181 07 00 05 15

Barrie 764 41 170 21 02 02 00

Belleville 708 55 192 27 04 14 00

Bracebridge 877 14 87 11 05 01 05

Brampton 809 19 135 33 02 02 00

Brant 702 04 49 40 04 200 01

Brantford 757 43 150 43 02 04 00

Brock 754 08 40 10 02 182 03

Brockton 571 19 57 07 02 341 02

Brockville 761 65 145 25 04 00 00

Burlington 789 37 140 27 02 04 00

Caledon 793 02 105 35 01 57 07

Cambridge 752 44 149 51 02 03 00

Central Elgin 732 01 36 05 03 220 01

Centre Wellington 774 10 51 16 02 145 02

Chatham‐Kent 508 14 70 15 08 384 00

Clarington 858 09 67 21 04 39 02

Collingwood 842 18 122 16 01 01 00

Cornwall 684 55 236 20 03 02 00

East Gwillimbury 867 03 68 12 02 46 02

Elliot Lake 805 76 105 06 08 00 00

Erin 804 02 32 12 01 144 06

Espanola 836 16 111 30 05 01 02

Fort Erie 885 11 72 13 04 15 00

Georgina 903 12 55 03 02 25 01

Gravenhurst 908 09 71 03 07 01 02

Greater Sudbury 801 40 130 23 03 01 00

Greenstone 264 06 159 11 559 00 00

Grey Highlands 703 03 23 22 01 235 14

Grimsby 884 07 78 11 02 18 00

Guelph 786 46 124 42 02 00 00

Guelph‐Eramosa 757 02 42 11 02 184 01

Haldimand 739 07 46 27 11 169 01

Halton Hills 834 09 94 30 01 30 01

Hamilton 820 41 100 16 04 19 00

Socio Economic Indicators 46

Municipal Study 2018

2018 Unweighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Municipality Residential Multi‐

Residential Commercial Industrial Pipelines Farmlands Forests

Huntsville 860 09 104 12 09 01 05

Ingersoll 810 19 101 66 03 01 00

Innisfil 871 02 64 08 04 51 01

Kenora 823 17 119 21 20 01 00

Kincardine 628 09 104 46 00 212 02

King 886 02 35 08 03 64 03

Kingston 764 80 138 11 03 04 00

Kitchener 794 67 124 14 00 01 00

Lambton Shores 715 07 55 07 02 213 00

Lincoln 775 06 61 28 05 124 00

London 815 37 124 12 02 09 00

Mapleton 415 01 18 19 05 540 03

Markham 848 10 123 16 01 02 00

Meaford 806 18 28 02 05 133 09

Middlesex Centre 594 03 28 03 31 340 01

Midland 758 40 168 29 02 02 00

Milton 819 07 115 35 05 18 02

Minto 608 05 66 23 02 295 01

Mississauga 727 37 198 37 01 00 00

Newmarket 840 15 122 21 01 00 00

Niagara Falls 695 27 256 11 04 07 00

Niagara‐on‐the‐Lake 747 03 147 09 03 89 00

Norfolk 700 07 57 12 06 215 04

North Bay 766 46 156 18 13 00 00

North Dumfries 702 02 87 54 42 111 01

North Middlesex 303 04 18 07 07 658 04

North Perth 441 06 57 19 02 475 00

North Stormont 494 04 26 05 02 468 02

Oakville 845 19 115 18 01 01 00

Orangeville 834 20 129 16 01 00 00

Orillia 755 55 171 16 02 00 00

Oshawa 792 58 125 19 02 04 00

Ottawa 756 54 170 10 02 08 00

Owen Sound 750 70 162 14 03 01 00

Parry Sound 727 37 222 11 02 01 00

Pelham 895 07 34 01 06 56 01

Socio Economic Indicators 47

Municipal Study 2018

2018 Unweighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Multi‐

Municipality Residential Residential Commercial Industrial Pipelines Farmlands Forests

Penetanguishene 895 22 59 20 03 01 01

Peterborough 783 73 129 13 02 01 00

Pickering 829 08 122 21 02 18 00

Port Colborne 829 21 73 43 05 28 00

Prince Edward County 847 14 46 06 01 84 02

Puslinch 791 01 78 48 03 73 06

Quinte West 767 26 146 16 08 37 01

Richmond Hill 892 12 83 12 01 01 00

Sarnia 774 39 125 32 07 23 00

Saugeen Shores 885 16 56 01 02 39 01

Sault Ste Marie 780 54 145 16 04 00 00

Springwater 842 02 36 09 06 99 05

St Catharines 789 51 136 14 02 08 00

St Marys 828 16 79 68 03 07 00

St Thomas 827 40 94 31 03 04 00

Stratford 792 46 123 32 02 04 00

Strathroy‐Caradoc 706 23 71 25 22 151 01

Tay 920 00 40 05 03 27 05

Thorold 803 47 82 33 11 23 00

Thunder Bay 791 40 153 13 03 00 00

Tillsonburg 824 33 100 35 03 06 00

Timmins 801 20 147 26 05 02 00

Tiny 945 02 12 01 03 31 05

Toronto 745 67 175 13 01 00 00

Vaughan 787 03 155 52 01 02 00

Wainfleet 813 00 20 04 05 156 01

Waterloo 746 94 137 20 01 00 00

Welland 854 37 85 15 04 04 00

Wellesley 595 01 24 44 02 332 02

Wellington North 524 11 54 23 02 384 02

West Lincoln 751 03 35 16 13 181 01

Whitby 860 21 97 16 02 04 00

Whitchurch‐Stouffville 888 06 65 17 01 22 02

Wilmot 786 08 40 11 03 150 01

Windsor 758 40 158 39 04 02 00

Woolwich 697 09 99 33 03 158 01

Average 766 23 99 20 09 80 01 Median 789 16 98 16 03 14 00 Min 264 00 12 01 00 00 00 Max 945 94 256 68 559 658 15

Socio Economic Indicators 48

Municipal Study 2018

Top 10 Municipalities With Highest Proportion of Unweighted Assessment Per Type of Assessment

Municipality Residential

Tiny 945

Tay 920

Gravenhurst 908

Georgina 903

Pelham 895

Penetanguishene 895

Richmond Hill 892

Whitchurch‐Stouffville 888

King 886

Saugeen Shores 885

Municipality Industrial

St Marys 68

Ingersoll 66

North Dumfries 54

Vaughan 52

Cambridge 51

Puslinch 48

Kincardine 46

Wellesley 44

Port Colborne 43

Brantford 43

Municipality Multi‐Residential

Waterloo 94

Kingston 80

Elliot Lake 76

Peterborough 73

Owen Sound 70

Toronto 67

Kitchener 67

Brockville 65

Oshawa 58

Orillia 55

Municipality Pipelines

Greenstone 559

North Dumfries 42

Middlesex Centre 31

Strathroy‐Caradoc 22

Kenora 20

West Lincoln 13

North Bay 13

Thorold 11

Haldimand 11

Huntsville 09

Municipality Commercial

Niagara Falls 256

Cornwall 236

Parry Sound 222

Mississauga 198

Belleville 192

Bancroft 181

Toronto 175

Orillia 171

Barrie 170

Ottawa 170

Municipality Farmlands

North Middlesex 658

Mapleton 540

North Perth 475

North Stormont 468

Chatham‐Kent 384

Wellington North 384

Brockton 341

Middlesex Centre 340

Wellesley 332

Minto 295

Socio Economic Indicators 49

Municipal Study 2018

2018 Weighted Assessment Composition (Sorted Alphabetically)

Municipality Residential Multi‐

Residential Commercial Industrial Pipelines Farmlands Forests

Aurora 855 09 112 23 01 00 00

Bancroft 740 52 195 08 00 01 04

Barrie 709 38 224 26 02 00 00

Belleville 556 102 286 49 04 03 00

Bracebridge 876 14 94 10 04 00 01

Brampton 761 30 163 44 02 00 00

Brant 735 07 96 103 07 50 00

Brantford 629 65 223 79 03 01 00

Brock 848 18 64 24 03 41 01

Brockton 751 25 92 16 02 112 01

Brockville 620 94 228 53 05 00 00

Burlington 698 65 179 55 02 01 00

Caledon 794 04 139 51 01 10 02

Cambridge 619 62 237 80 02 01 00

Central Elgin 846 03 69 14 05 64 00

Centre Wellington 817 20 79 40 04 38 00

Chatham‐Kent 633 36 172 40 12 106 00

Clarington 834 17 93 43 05 08 01

Collingwood 812 22 144 20 02 00 00

Cornwall 518 96 343 39 04 00 00

East Gwillimbury 883 03 83 17 01 12 01

Elliot Lake 715 135 138 07 05 00 00

Erin 872 04 51 30 02 39 02

Espanola 652 25 166 153 04 00 00

Fort Erie 826 20 113 31 06 04 00

Georgina 910 12 66 04 01 06 00

Gravenhurst 906 09 77 03 05 00 00

Greater Sudbury 651 61 207 75 05 00 00

Greenstone 270 12 227 28 463 00 00

Grey Highlands 836 05 35 49 01 70 04

Grimsby 831 12 124 26 03 04 00

Guelph 663 69 191 75 03 00 00

Guelph‐Eramosa 839 05 69 29 06 51 00

Haldimand 779 14 81 64 17 44 00

Halton Hills 789 17 128 59 01 06 00

Hamilton 691 86 165 48 07 03 00

Huntsville 858 09 112 13 06 00 01

Socio Economic Indicators 50

Municipal Study 2018

2018 Weighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Municipality Residential Multi

Residential Commercial Industrial Pipelines Farmlands Forests

Ingersoll 664 37 156 140 03 00 00

Innisfil 890 03 79 10 05 13 00

Kenora 695 22 214 44 25 00 00

Kincardine 700 10 142 89 00 59 00

King 923 02 44 11 03 17 01

Kingston 668 70 236 23 03 01 00

Kitchener 676 97 204 22 00 00 00

Lambton Shores 812 13 100 17 04 55 00

Lincoln 774 11 103 71 09 31 00

London 710 58 207 20 04 01 00

Mapleton 655 03 41 70 16 213 01

Markham 823 10 145 21 01 01 00

Meaford 885 28 39 04 05 36 03

Middlesex Centre 788 06 43 08 44 113 00

Midland 714 48 196 38 03 00 00

Milton 760 12 153 66 05 03 00

Minto 716 11 115 64 06 87 00

Mississauga 645 47 256 51 01 00 00

Newmarket 811 15 144 29 01 00 00

Niagara Falls 571 43 356 23 05 01 00

Niagara‐on‐the‐Lake 708 06 239 20 06 21 00

Norfolk 787 14 107 22 10 60 01

North Bay 642 80 244 21 12 00 00

North Dumfries 666 05 159 97 47 26 00

North Middlesex 590 12 39 22 15 321 02

North Perth 648 15 104 52 05 175 00

North Stormont 740 06 60 15 04 175 01

Oakville 776 35 151 36 01 00 00

Orangeville 779 45 146 30 01 00 00

Orillia 637 66 269 22 06 00 00

Oshawa 706 96 160 35 02 01 00

Ottawa 640 63 275 19 03 01 00

Owen Sound 616 104 248 24 07 00 00

Parry Sound 626 47 312 13 02 00 00

Pelham 900 14 59 03 11 14 00

Penetanguishene 871 27 71 27 04 00 00

Peterborough 690 116 173 19 02 00 00

Socio Economic Indicators 51

Municipal Study 2018

2018 Weighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Multi‐

Municipality Residential Residential Commercial Industrial Pipelines Farmlands Forests

Pickering 775 14 164 41 02 03 00

Port Colborne 739 37 112 96 08 06 00

Prince Edward County 893 21 53 09 01 22 00

Puslinch 753 02 111 110 06 17 01

Quinte West 700 48 202 34 07 08 00

Richmond Hill 873 12 99 15 01 00 00

Sarnia 669 67 186 66 08 04 00

Saugeen Shores 900 16 70 02 02 10 00

Sault Ste Marie 608 46 253 85 06 00 00

Springwater 901 02 47 13 09 26 01

St Catharines 680 83 202 30 03 02 00

St Marys 726 15 106 147 05 02 00

St Thomas 698 79 154 65 03 01 00

Stratford 651 74 200 70 03 01 00

Strathroy‐Caradoc 757 44 86 47 25 41 00

Tay 933 00 48 07 04 07 01

Thorold 722 58 126 71 17 05 00

Thunder Bay 634 75 258 25 07 00 00

Tillsonburg 695 65 159 76 03 01 00

Timmins 663 29 246 52 09 00 00

Tiny 966 03 16 02 04 08 01

Toronto 517 114 343 25 01 00 00

Vaughan 747 03 178 70 01 00 00

Wainfleet 898 01 37 11 10 43 00

Waterloo 630 112 223 32 01 00 00

Welland 764 64 129 35 07 01 00

Wellesley 729 03 58 105 03 102 00

Wellington North 671 27 103 70 07 123 01

West Lincoln 810 07 64 44 25 49 00

Whitby 801 36 130 30 02 01 00

Whitchurch‐Stouffville 889 06 76 22 01 05 00

Wilmot 835 16 82 23 04 40 00

Windsor 601 63 248 82 06 00 00

Woolwich 690 14 190 63 04 39 00

Average 741 35 146 42 10 25 00 Median 737 21 141 31 04 03 00 Min 270 00 16 02 00 00 00 Max 966 135 356 153 463 321 04

Socio Economic Indicators 52

Municipal Study 2018

2018 Shift In Tax BurdenmdashUnweighted to Weighted Residential Assessment

As shown in the table tax ratios typically shift the burden from residential to non‐residential properties

Approximately 64 of the municipalities surveyed have a decrease in tax burden on the Residential class as a result of tax ratios for non‐residential classes greater than 10 The implementation of tax ratios to the assessment base for municipalities with a larger proportion of farmland and managed forest results in an increase in the residential burden

Municipality

Residential Unweighted Assessment

Residential Weighted Assessment

Change Unweighted to Weighted Municipality

Residential Unweighted Assessment

Residential Weighted Assessment

Change Unweighted to Weighted

Toronto 745 517 ‐306 Oshawa 792 706 ‐110

Cornwall 684 518 ‐243 Port Colborne 829 739 ‐108

Sault Ste Marie 780 608 ‐220 Welland 854 764 ‐106

Espanola 836 652 ‐220 Thorold 803 722 ‐101

Belleville 708 556 ‐214 Quinte West 767 700 ‐87

Windsor 758 601 ‐207 Oakville 845 776 ‐82

Thunder Bay 791 634 ‐198 Milton 819 760 ‐73

Greater Sudbury 801 651 ‐187 Barrie 764 709 ‐71

Brockville 761 620 ‐185 Whitby 860 801 ‐69

Ingersoll 810 664 ‐181 Fort Erie 885 826 ‐67

Niagara Falls 695 571 ‐179 Orangeville 834 779 ‐67

Owen Sound 750 616 ‐178 Pickering 829 775 ‐65

Stratford 792 651 ‐177 Grimsby 884 831 ‐60

Cambridge 752 619 ‐177 Brampton 809 761 ‐59

Timmins 801 663 ‐172 Midland 758 714 ‐58

Brantford 757 629 ‐169 Halton Hills 834 789 ‐55

North Bay 766 642 ‐162 Niagara‐on‐the‐Lake 747 708 ‐53

Hamilton 820 691 ‐158 North Dumfries 702 666 ‐51

Guelph 786 663 ‐157 Vaughan 787 747 ‐50

Tillsonburg 824 695 ‐157 Puslinch 791 753 ‐48

St Thomas 827 698 ‐157 Collingwood 842 812 ‐36

Waterloo 746 630 ‐156 Newmarket 840 811 ‐35

Orillia 755 637 ‐156 Markham 848 823 ‐29

Kenora 823 695 ‐156 Clarington 858 834 ‐28

Ottawa 756 640 ‐154 Penetanguishene 895 871 ‐27

Kitchener 794 676 ‐148 Aurora 876 855 ‐24

Parry Sound 727 626 ‐139 Richmond Hill 892 873 ‐21

St Catharines 789 680 ‐138 Woolwich 697 690 ‐10

Sarnia 774 669 ‐135 Bancroft 746 740 ‐08

London 815 710 ‐129 Huntsville 860 858 ‐03

Kingston 764 668 ‐126 Gravenhurst 908 906 ‐02

St Marys 828 726 ‐123 Lincoln 775 774 ‐02

Peterborough 783 690 ‐119 Bracebridge 877 876 ‐02

Burlington 789 698 ‐115 Whitchurch‐Stouffville 888 889 01

Mississauga 727 645 ‐113

Elliot Lake 805 715 ‐112

Caledon 793 794 01

Pelham 895 900 05

Socio Economic Indicators 53

Municipal Study 2018

2018 Shift In Tax BurdenmdashUnweighted to Weighted Residential Assessment (contrsquod)

Municipality

Residential

Unweighted Assessment

Residential Weighted Assessment

Change Unweighted to Weighted

Georgina 903 910 08

Tay 920 933 14

Saugeen Shores 885 900 17

East Gwillimbury 867 883 19

Greenstone 264 270 21

Innisfil 871 890 22

Tiny 945 966 23

King 886 923 42

Brant 702 735 47

Haldimand 739 779 54

Prince Edward County 847 893 55

Centre Wellington 774 817 56

Wilmot 786 835 62

Springwater 842 901 69

Strathroy‐Caradoc 706 757 73

West Lincoln 751 810 79

Erin 804 872 84

Meaford 806 885 98

Wainfleet 813 898 104

Guelph‐Eramosa 757 839 108

Kincardine 628 700 115

Norfolk 700 787 124

Brock 754 848 125

Lambton Shores 715 812 136

Central Elgin 732 846 155

Minto 608 716 178

Grey Highlands 703 836 190

Wellesley 595 729 226

Chatham‐Kent 508 633 248

Wellington North 524 671 279

Brockton 571 751 315

Middlesex Centre 594 788 326

North Perth 441 648 471

North Stormont 494 740 497

Mapleton 415 655 577

North Middlesex 303 590 947

Average 766 741 ‐16 Median 789 737 ‐51 Min 264 270 ‐306 Max 945 966 947

Socio Economic Indicators 54

Municipal Study 2018

Residential Property Types Summary

Residential properties were broken down by the main property types to provide an indication of the housing mix and the median assessment values in each of the area

(000rsquos)

Area Single Family Detached

Home Link

Freehold Town

Semi Detached

Single on Water

Condo Seasonal

Weighted Median Assessed

Values

Total Average 357$ 300 $ 285 $ 253 $ 673 $ 228 $ 405 $ 342 $

Total Median 281$ 256 $ 264 $ 208 $ 550 $ 216 $ 362 $ 306 $

GTA Average 636 $ 452 $ 424 $ 422 $ $ 1181 322 $ 506 $ 556 $

GTA Median 600 $ 450 $ 410 $ 426 $ 718 $ 321 $ 486 $ 538 $

NiagaraHamilton Average 305 $ 270 $ 280 $ 214 $ 598 $ 208 $ 449 $ 299 $

NiagaraHamilton Median 279 $ 278 $ 277 $ 202 $ 538 $ 204 $ 510 $ 309 $

Eastern Average 252 $ 236 $ 234 $ 189 $ 449 $ 202 $ 264 $ 248 $

Eastern Median 224 $ 238 $ 227 $ 169 $ 343 $ 203 $ 242 $ 220 $

North Average 180$ 184 $ 163 $ 134 $ 330 $ 184 $ 233 $ 185 $

North Median 197 $ 192 $ 168 $ 130 $ 303 $ 196 $ 200 $ 203 $

Southwest Average 308 $ 240 $ 231 $ 227 $ 627 $ 190 $ 401 $ 301 $

Southwest Median 264 $ 221 $ 231 $ 198 $ 551 $ 184 $ 362 $ 272 $

SimcoeMuskDuff Average 293 $ 238 $ 271 $ 214 $ 661 $ 244 $ 581 $ 330 $

SimcoeMuskDuff Median 272 $ 230 $ 266 $ 200 $ 655 $ 244 $ 528 $ 326 $

The weighted median assessed value for residential properties range from an average of $185000 in northern municipalities to $556000 in the GTA

Socio Economic Indicators 55

Municipal Study 2018

Building Construction Activity (sorted from lowest to highest 2017 activity per capita)

The table summarizes the 2017 residential and non‐residential building permit values in each area

municipality To put these values into context the building permit value per capita is also summarized to get an appreciation of the relative building activity in each municipality The chart is sorted from lowest to highest based on building permit value per capita for 2017

Non Res 2017 per Municipality Res 2017 2017 Capita

East Gwillimbury 98 2 223 $

Chatham‐Kent 94 6 374 $

Greenstone 76 24 482 $

Elliot Lake 78 22 486 $

Cornwall 52 48 621 $

Espanola 68 32 814 $

Georgina 87 13 1174 $

Haldimand 0 100 1175 $

Thunder Bay 32 68 1280 $

Bancroft 57 43 1285 $

Timmins 22 78 1287 $

Sault Ste Marie 37 63 1365 $

St Catharines NA NA 1411 $

Port Colborne 82 18 1447 $

Grimsby 82 18 1451 $

Sarnia 40 60 1454 $

Whitby 52 48 1459 $

Tillsonburg 84 16 1476 $

Parry Sound 73 27 1506 $

Windsor 39 61 1549 $

Hamilton 64 36 1550 $

North Bay 36 64 1603 $

Kenora 58 42 1625 $

Mississauga 41 59 1636 $

Markham 41 59 1644 $

Richmond Hill 0 0 1756 $

Peterborough 53 47 1758 $

Brockton 0 100 1776 $

Mapleton 57 43 1857 $

Owen Sound 33 67 1966 $

Brantford 53 47 1968 $

Kitchener 66 34 2004 $

Norfolk 65 35 2087 $

Brant 53 47 2133 $

Ingersoll 91 9 2144 $

Brampton 88 12 2231 $

Non Res 2017 per Municipality Res 2017 2017 Capita

Greater Sudbury 25 75 2279 $

Belleville 0 100 2290 $

Caledon 75 25 2298 $

Lincoln 61 39 2309 $

St Marys NA NA 2366 $

North Stormont 71 29 2392 $

Guelph‐Eramosa 78 22 2444 $

St Thomas 80 20 2550 $

Orillia 77 23 2560 $

Penetanguishene 98 2 2601 $

Stratford 50 50 2646 $

Quinte West 76 24 2684 $

Whitchurch‐Stouffville 78 22 2695 $

Ottawa 66 34 2723 $

Wainfleet 80 20 2724 $

Fort Erie 70 30 2731 $

London 74 26 2763 $

North Middlesex 23 77 2790 $

Barrie 68 32 2826 $

Wellesley 37 63 2834 $

Cambridge 44 56 2838 $

Waterloo 69 31 2860 $

Bracebridge 43 57 2879 $

Welland 39 61 2942 $

Newmarket 70 30 2943 $

Wellington North 29 71 3001 $

Wilmot 60 40 3030 $

Burlington 60 40 3031 $

Tay 95 5 3043 $

Guelph 57 43 3066 $

Strathroy‐Caradoc 100 0 3072 $

Pickering NA NA 3085 $

Kingston 31 69 3105 $

Woolwich 52 48 3109 $

Minto 59 41 3140 $

Orangeville 40 60 3232 $

Socio Economic Indicators 56

Municipal Study 2018

Building Construction Activity (sorted from lowest to highest 2017 activity per capita) (contrsquod)

Municipality Res 2017 Non Res 2017

2017 per Capita

Erin

Tiny

Oshawa

Meaford

Huntsville

Clarington

Lambton Shores

Middlesex Centre

Grey Highlands

Brockville

Thorold

Collingwood

North Dumfries

Centre Wellington

Toronto

Kincardine

Saugeen Shores

Brock

Gravenhurst

West Lincoln

Halton Hills

Vaughan

Pelham

North Perth

Oakville

Puslinch

Niagara‐on‐the‐Lake

Innisfil

Springwater

King

Milton

78

100

NA

66

85

87

66

72

54

6

96

94

51

78

45

39

93

92

92

36

46

48

87

53

74

95

50

89

90

18

78

22

0

NA

34

15

13

34

28

46

94

4

6

49

22

55

61

7

8

8

64

54

52

13

47

26

5

50

11

10

82

22

3233 $

3570 $

3612 $

3822 $

3833 $

3835 $

4197 $

4246 $

4431 $

4443 $

4554 $

4567 $

4573 $

4646 $

4957 $

5155 $

5209 $

5278 $

5279 $

5544 $

5633 $

5705 $

5788 $

5842 $

5984 $

6175 $

6989 $

6997 $

7164 $

7317 $

7857 $

Average

Median

58

60

36

34

3033 $

2731 $

Socio Economic Indicators 57

Municipal Study 2018

Building Construction Activity Trend (Grouped by Location) Eastern

Municipality 2015 2016 2017

Cornwall 37426 $ 16405 $ 30149 $ 585 $

Bancroft 4537 $ 5644 $ 5186 $ 1269 $

Peterborough 108954 $ 108954 $ 149806 $ 1470 $

Brockville 13202 $ 17010 $ 97688 $ 1943 $

Belleville 63472 $ 121538 $ 122013 $ 1975 $

Kingston 160298 $ 218600 $ 400313 $ 2030 $

North Stormont 12129 $ 18723 $ 17196 $ 2228 $

Ottawa 2138273 $ 2646159 $ 2705350 $ 2590 $

Quinte West 113611 $ 141395 $ 122200 $ 2827 $

Prince Edward County 77834 $ 83204 $ NA 3194 $

Eastern Average 294656 $ 366048 $ 405545 $ 1880 $

Eastern Median 63472 $ 108954 $ 122013 $ 1975 $

Building Construction Value (000s)

3 Year Per Capita Avg

GTA Municipality 2015 2016 2017

East Gwillimbury 71000 $ NA 5706 $ 1578 $

Whitby 173069 $ 280107 $ 198721 $ 1643 $

Mississauga 1285935 $ 1455510 $ 1262657 $ 1775 $

Richmond Hill 284097 $ 613200 $ 363325 $ 2084 $

Markham 818093 $ 883308 $ 582098 $ 2234 $

Georgina 150765 $ 104777 $ 56405 $ 2263 $

Pickering 141842 $ 210728 $ 298448 $ 2290 $

Whitchurch‐Stouffville 80000 $ 140000 $ 139000 $ 2440 $

Brock 15712 $ 16485 $ 64569 $ 2700 $

Burlington 525815 $ 431921 $ 587588 $ 2720 $

Newmarket 275695 $ 262628 $ 263195 $ 3080 $

Brampton 2731791 $ 1961496 $ 1447772 $ 3314 $

Oshawa 558703 $ 454975 $ 614344 $ 3319 $

Toronto 7134639 $ 10297233 $ 14329509 $ 3766 $

Clarington 361916 $ 340630 $ 379537 $ 3818 $

Halton Hills 147541 $ 248173 $ 363426 $ 4003 $

Caledon 421729 $ 262630 $ 166235 $ 4315 $

Vaughan 1405075 $ 1148939 $ 1908214 $ 4526 $

Aurora 276058 $ 278362 $ NA 4836 $

Oakville 825811 $ 913947 $ 1235513 $ 4932 $

Milton 334740 $ 596372 $ 938908 $ 5494 $

King 254374 $ 334595 $ 202693 $ 11076 $

GTA Average 830655 $ 1011239 $ 1209898 $ 3555 $

GTA Median 309418 $ 340630 $ 363426 $ 3197 $

Building Construction Value (000s) 3 Year Per Capita Avg

Socio Economic Indicators 58

Municipal Study 2018

Building Construction Activity Trend (contrsquod) (Grouped by Location) NiagaraHamilton Municipality 2015 2016 2017

Building Construction Value (000 s) 3 Year Per Capita Avg

St Catharines

Hamilton

Port Colborne

Lincoln

Welland

Grimsby

Wainfleet

Fort Erie

Niagara Falls

Thorold

West Lincoln

Pelham

Niagara‐on‐the‐Lake

$

$

$

$

$

$

$

$

$

$

$

$

$

114141 149549 $ 196370 $

722412 613665 $ 876475 $

18130 32494 $ 27480 $

31382 40333 $ 58422 $

70323 81772 $ 162077 $

38517 120100 $ 42479 $

15495 15687 $ 18069 $

74083 94804 $ 88075 $

215200 279671 $ NA

40898 55860 $ 90748 $

83334 50382 $ 85170 $

33367 126873 $ 104245 $

126932 NA 133956 $

1128 $

1339 $

1396 $

1777 $

1951 $

2423 $

2543 $

2742 $

2842 $

3259 $

4890 $

5041 $

7350 $

NiagaraHamilton Avg

NiagaraHamilton Med

$

$

121863 138433 $ 156964 $

70323 88288 $ 89412 $

2975 $

2543 $

North Municipality 2015 2016 2017

Building Construction Value (000 s) 3 Year Per Capita Avg

Elliot Lake

Greenstone

Timmins

Espanola

Thunder Bay

Sault Ste Marie

North Bay

Parry Sound

Kenora

Greater Sudbury

$

$

$

$

$

$

$

$

$

$

10010 5976 $ 5313 $

3716 4058 $ 2306 $

45103 32653 $ 55231 $

6226 6860 $ 4112 $

157549 93789 $ 143390 $

125556 75822 $ 103149 $

66006 76258 $ 84620 $

8045 12431 $ 10173 $

20236 32201 $ 25352 $

237362 254506 $ 384024 $

638 $

715 $

1028 $

1098 $

1191 $

1341 $

1429 $

1551 $

1677 $

1760 $

North Average

North Median

SimcoeMuskDuff Municipality

$

$

67981 59456 $ 81767 $

32670 32427 $ 40292 $

2015 2016 2017 Building Construction Value (000 s)

1243 $

1266 $

3 Year Per Capita Avg

Barrie

Midland

Penetanguishene

Bracebridge

Tay

Orangeville

Tiny

Orillia

Huntsville

Collingwood

Gravenhurst

Innisfil

Springwater

$

$

$

$

$

$

$

$

$

$

$

$

198452 151050 $ 422093 $

15435 48610 $ NA

8779 21372 $ 24087 $

24677 31752 $ 48659 $

8114 31324 $ 32139 $

NA 66469 $ 98403 $

24944 36816 $ 44613 $

47585 167310 $ 83595 $

64944 80513 $ 80226 $

36760 106381 $ 108753 $

36867 40225 $ 69127 $

123878 158593 $ 278101 $

106828 133712 $ 144558 $

1754 $

1813 $

1952 $

2147 $

2259 $

2766 $

2838 $

3144 $

3705 $

3722 $

3838 $

4941 $

6570 $

SimcoeMuskDuff Av

SimcoeMuskDuff M

$

$

58105 82625 $ 119529 $

36814 66469 $ 81910 $

3188 $

2838 $

Socio Economic Indicators 59

Municipal Study 2018

Building Construction Activity Trend (contrsquod) (Grouped by Location) Southwest Municipality

Chatham‐Kent

Owen Sound

Sarnia

Windsor

Brantford

Tillsonburg

Haldimand

Norfolk

Central Elgin

Ingersoll

Brockton

St Marys

Brant

Meaford

Wilmot

Strathroy‐Caradoc

Cambridge

Wellington North

St Thomas

Kitchener

North Middlesex

Stratford

Woolwich

Erin

London

Minto

Guelph‐Eramosa

Middlesex Centre

Wellesley

Guelph

Mapleton

Lambton Shores

Saugeen Shores

Grey Highlands

Waterloo

North Dumfries

Centre Wellington

North Perth

Kincardine

Puslinch

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

2015 2016 2017

85229 26626 $ 39186 $

24945 15350 $ 43365 $

73574 103399 $ 107784 $

294220 317281 $ 354014 $

103685 184084 $ 202748 $

19570 35819 $ 24726 $

90517 91619 $ 56097 $

94216 109958 $ 139762 $

15447 28752 $ NA

15784 25444 $ 29010 $

17861 18023 $ 17500 $

12395 14205 $ 18506 $

85858 72248 $ 82372 $

12270 18152 $ 43521 $

35146 39777 $ 66481 $

37498 38239 $ 66530 $

169299 356417 $ 387236 $

18509 30497 $ 37736 $

125821 60878 $ 104249 $

565081 739739 $ 498219 $

11844 20377 $ 18089 $

80627 85170 $ 87198 $

56640 70121 $ 83376 $

27464 30580 $ 39400 $

708800 1410120 $ 1123805 $

23854 21292 $ 28762 $

39893 40780 $ 33167 $

48749 46806 $ 77635 $

48246 34777 $ 33855 $

500014 463247 $ 433798 $

57602 34254 $ 20755 $

30581 38932 $ 46370 $

36987 43620 $ 76696 $

40402 25731 $ 45711 $

340127 529025 $ 319979 $

24265 49783 $ 50355 $

96634 151126 $ 139196 $

43089 61682 $ 81008 $

77331 26981 $ 61522 $

31828 44020 $ 47920 $

Building Construction Value (000s)

488 $

1270 $

1293 $

1466 $

1587 $

1650 $

1721 $

1723 $

1730 $

1792 $

1806 $

2043 $

2129 $

2180 $

2199 $

2234 $

2278 $

2367 $

2411 $

2521 $

2584 $

2624 $

2674 $

2718 $

2756 $

2809 $

2899 $

3240 $

3341 $

3472 $

3557 $

3584 $

3692 $

3726 $

3740 $

3975 $

4490 $

4591 $

4756 $

5475 $

3 Year Per Capita Avg

Southwest Average

Southwest Median

$

$

107438 141305 $ 134729 $

48246 40780 $ 64002 $

2618 $

2521 $

Socio Economic Indicators 60

Municipal Study 2018

Summarymdash3 Year Average Building Construction Activity Per Capita (2015 2016 2017) mdash Total Survey by Location

GTA

SimcoeMuskDuff

NiagaraHamilton

Southwest

Eastern

North

Socio Economic Indicators 61

Municipal Study 2018

Financial Indicators

Municipal Financial Indicators 62

Municipal Study 2018

Financial Sustainability Indicators

As described by the Canadian Institute of Chartered Accountants (CICA) the intent of providing an evaluation of a municipalityrsquos financial condition is to evaluate a municipalityrsquos financial outlook and performance This will help form the foundation for the establishment of a long range financial plan

KeyKey fifinancinanciaall andand socisocioo‐‐ececonomiconomic iindicatorsndicators have been included to help evaluate each municipalityrsquos existing financial condition and to identify future challenges and opportunities Industry recognized indicators that are used by credit rating agencies andor recommended by Government Finance Officersrsquo

Association (GFOA) and the Ministry of Municipal Affairs and Housing have been included A number of indicators have been included

Sustainability

The ability to provide and maintain service and infrastructure levels without resorting to unplanned increases in rates or cuts to

services

Vulnerability

Addresses a municipalityrsquos

vulnerability to external sources of funding that it cannot control and its exposure to risks

Flexibility

The ability to issue debt responsibly without

impacting the credit rating Also the ability to generate required revenues

ldquoThe usefulness of indicators is not in the numbers themselves but the analysis of what is driving the indicator It may therefore be more useful to consider the combined results of several broad indicators in assessing performance rather than any one indicator on its ownrdquo

Source Local Government Financial Sustainability Nationally Consistent Frameworks published by

Local Government and Planning Ministersrsquo Council (Australia) May 2007

Municipal Financial Indicators 63

Municipal Study 2018

Net Financial Position Indicators

Financial position is a key indicator of a municipalityrsquos financial health Two key financial position indicators have been included to illustrate a municipalityrsquos financial position The net financial position is a broader measure of a municipalityrsquos indebtedness than debenture debt as it includes all of a municipalityrsquos financial assets and liabilities Net Financial Liabilities Ratio is total liabilities minus assets as a percentage of own source revenues This ratio indicates the extent to which financial liabilities could be met by its operating revenue A ratio greater than zero indicates that total liabilities exceed the total assets

Formula

Schedule 70 in the Financial Information Return is used in these calculations of Financial Position as well

as Own Source Revenues which is taken from Schedule 81

Net Financial Position per Capita = Net Financial Position

Population

Net Financial Liabilities Ratio = Net Financial Position

Own Source Revenues

Target

There is no optimal number or range for these indicators it varies according to a municipalityrsquos financial position

Interpretation

It is important that a municipality understands what is driving these indicators and monitors their

trends The financial position provides an indication of the

affordability of future municipal spending

Municipal Financial Indicators 64

Municipal Study 2018

Financial Indicators

The Financial Indicators section of the report includes a number of indicators to assist municipalities in evaluating financial condition Indicators related to Sustainability Vulnerability and Flexibility have been included It should be noted that Water and Wastewater indicators have also been included in the WaterWastewater section of the report

When the information is plotted over time these trends can be used to monitor changes in financial condition and alert the municipality to future problems We are committed to refining and developing

additional data to have more efficient and effective benchmarking tools for municipalities

Sustainability

Financial Position Per Capita

Net Financial Liabilities Ratio

Asset Consumption Ratio

Flexibility

Reserves

Tax Discretionary Reserves as a of Taxation

Discretionary Reserves as a of Own Source

Revenues

Reserves per Capita

Debt

Tax Debt Interest as a of Own Source Revenues

Debt Charges as a of Own Source Revenues

Total Debt Outstanding Per Capita

Debt Outstanding Per Own Source Revenues

Debt to Reserve Ratio

Tax Debt Outstanding per $100000 of Unweighted Assessment

Vulnerability

Taxes Receivable as a of Tax Levied

Rates Coverage Ratio

Municipal Financial Indicators 65

Municipal Study 2018

Financial Position Per CapitamdashTrend

A comparison was made of each municipalityrsquos overall financial position (financial assets less liabilities) over time on a per capita basis

Municipality 2013 2014 2015 2016 2017

Toronto $ (1668) $ (1962) $ (2192) $ (2379) $ (2460)

Ottawa $ (1448) $ (1634) $ (1736) $ (1998) $ (2299)

Greenstone $ (3734) $ (3669) $ (3082) $ (2610) $ (2117)

Bancroft $ (2053)

Pelham $ (133) $ (432) $ (531) $ (803) $ (1764)

Quinte West $ (383) $ (583) $ (1170) $ (1657) $ (1575)

Kingston $ (1060) $ (1341) $ (1283) $ (1365) $ (1434)

Port Colborne $ (498) $ (343) $ (741) $ (1404)

Owen Sound $ (774) $ (700) $ (1099) $ (1288) $ (1379)

Prince Edward County $ (1184) $ (1239) $ (1209) $ (1446) $ (1366)

Brockville $ (1238) $ (1234) $ (1201) $ (1271) $ (1334)

Thunder Bay $ (954) $ (1349) $ (1447) $ (1572) $ (1301)

Timmins $ (482) $ (677) $ (923) $ (990) $ (961)

North Perth $ (1171) $ (856) $ (899) $ (959)

Barrie $ (1538) $ (1396) $ (1492) $ (1329) $ (938)

Stratford $ (1621) $ (1581) $ (1267) $ (1002) $ (773)

Belleville $ 386 $ 179 $ (308) $ (456) $ (639)

Gravenhurst $ (1197) $ (1134) $ (1066) $ (829) $ (520)

Penetanguishene $ (399)

St Thomas $ 814 $ 653 $ 434 $ 128 $ (275)

Norfolk $ (132) $ (267)

Whitchurch ‐ Stouffville $ (329) $ (150) $ (63) $ (166) $ (212)

Middlesex Centre $ (847) $ (766) $ (633) $ (408) $ (152)

Guelph‐Eramosa $ (50) $ (53) $ (205) $ (74)

Oshawa $ (393) $ (340) $ (272) $ (170) $ (23)

Orangeville $ (363) $ (202) $ (60) $ (198) $ (21)

North Stormont $ 223 $ (91) $ (119) $ (62) $ 11

Meaford $ (521) $ (372) $ (304) $ (95) $ 73

St Catharines $ 178 $ (35) $ (87) $ (19) $ 88

Minto $ 196 $ 113 $ (11) $ 98

King $ (766) $ (718) $ (364) $ (201) $ 100

Cornwall $ 292 $ 154 $ 175 $ 36 $ 126

Brant County $ (485) $ (309) $ (187) $ (373) $ 142

Erin $ 79 $ 174 $ 172 $ 146

Mapleton $ 383 $ 384 $ 178

St Marys (91) $ 247 $ 269 $ 183 $

Municipal Financial Indicators 66

Municipal Study 2018

Financial Position Per CapitamdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Tillsonburg $ (21) $ 10 $ 60 $ 52 $ 230

Georgina $ 132 $ 192 $ 205 $ 246 $ 243

Brockton $ 277

Wainfleet $ 319 $ 512 $ 539 $ 424 $ 347

Welland $ 28 $ 25 $ 68 $ 220 $ 365

Tay $ 379

Grey Highlands $ 275 $ 401 $ 320 $ 398 $ 384

Huntsville $ (6) $ 133 $ 206 $ 282 $ 425

Hamilton $ 315 $ 259 $ 154 $ 263 $ 435

Collingwood $ (369) $ (146) $ (244) $ 241 $ 448

Caledon $ 517 $ 359 $ 355 $ 460 $ 462

North Bay $ 39 $ 176 $ 122 $ 323 $ 464

Puslinch $ 395 $ 448 $ 492 $ 528

Saugeen Shores $ 358 $ 360 $ 358 $ 518 $ 590

Springwater $ 434 $ 458 $ 498 $ 581 $ 649

Cambridge $ 707 $ 717 $ 722 $ 726 $ 650

Sarnia $ 152 $ 94 $ 213 $ 376 $ 652

Lambton Shores $ (889) $ (606) $ (262) $ 222 $ 655

Tiny $ 656

Brampton $ 866 $ 672 $ 731 $ 688 $ 661

London $ 294 $ 334 $ 508 $ 613 $ 670

Clarington $ 648 $ 600 $ 596 $ 655 $ 677

Windsor $ 510 $ 618 $ 653 $ 731 $ 715

Milton $ 774 $ 774 $ 856 $ 970 $ 717

Guelph $ 247 $ 405 $ 572 $ 658 $ 719

Peterborough $ 1235 $ 1157 $ 981 $ 915 $ 758

Centre Wellington $ 580 $ 571 $ 836 $ 817

Strathroy‐Caradoc $ (130) $ 28 $ 248 $ 638 $ 832

Ingersoll $ 43 $ 242 $ 431 $ 640 $ 856

North Middlesex $ 383 $ 685 $ 887

Kitchener $ 764 $ 802 $ 872 $ 918 $ 888

Wellesley $ 915 $ 854 $ 861 $ 904 $ 890

Fort Erie $ 530 $ 654 $ 759 $ 829 $ 890

Elliot Lake $ 228 $ 335 $ 510 $ 748 $ 892

East Gwillimbury $ 333 $ 421 $ 459 $ 522 $ 894

Burlington 889 $ 880 $ 920 $ 905 $ 927 $

Municipal Financial Indicators 67

Municipal Study 2018

Financial Position Per CapitamdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Newmarket 719 $ 716 $ 708 $ 881 $ 927 $

Espanola 444 $ 934 $

Mississauga 604 $ 495 $ 640 $ 691 $ 948 $

Chatham‐Kent 241 $ 440 $ 704 $ 948 $

Sault Ste Marie 675 $ 693 $ 772 $ 727 $ 983 $

Parry Sound 1347 $ 1245 $ 1228 $ 995 $

Brock 601 $ 766 $ 868 $ 953 $ 1039 $

Whitby 994 $ 994 $ 999 $ 1097 $ 1051 $

Woolwich 912 $ 915 $ 1000 $ 1169 $ 1100 $

Halton Hills 682 $ 771 $ 737 $ 992 $ 1117 $

Brantford 1132 $ 1132 $

Greater Sudbury 1126 $ 906 $ 1042 $ 1226 $ 1162 $

Grimsby 1314 $ 1276 $ 1444 $ 1174 $

Lincoln 1212 $ 1154 $ 1279 $ 1313 $ 1197 $

Thorold 832 $ 961 $ 1052 $ 1196 $ 1213 $

Markham 1327 $ 1285 $ 1247 $ 1223 $ 1262 $

Waterloo 1190 $ 1253 $ 1238 $ 1259 $ 1283 $

North Dumfries 1010 $ 1151 $ 1238 $ 1291 $

Orillia 817 $ 776 $ 1271 $ 1357 $ 1310 $

West Lincoln 1224 $ 1104 $ 1056 $ 1068 $ 1343 $

Richmond Hill 1421 $ 1350 $

Wilmot 1051 $ 1091 $ 1111 $ 1249 $ 1403 $

Pickering 940 $ 1134 $ 1205 $ 1288 $ 1454 $

Niagara‐on‐the‐Lake 1462 $ 1607 $ 1421 $ 1541 $ 1456 $

Oakville 1620 $ 1884 $ 1328 $ 1522 $ 1486 $

Wellington North 950 $ 1177 $ 1493 $ 1589 $

Bracebridge 1376 $ 1555 $ 1680 $ 1839 $ 1666 $

Vaughan 957 $ 1029 $ 1007 $ 1124 $ 1688 $

Haldimand 1461 $ 1513 $ 1688 $

Kincardine 2280 $ 2570 $ 2366 $ 2578 $

Kenora 1740 $ 1861 $ 4555 $ 4799 $ 4634 $

Innisfil 413 $ 378 $ 412 $ 4983 $ 4914 $

Average $ 166 $ 251 $ 320 $ 438 $ 435 Median $ 317 $ 378 $ 437 $ 613 $ 651

Column1 1 2 3 4 5

Municipal Financial Indicators 68

Municipal Study 2018

Financial Position Per CapitamdashTrend (contrsquod)

Municipality

Region Waterloo

Region York

Region Niagara

Region Peel

District Muskoka

Region Durham

Region Halton

$

$

$

$

$

$

$

2013

(744)

(1218)

(1)

(37)

(332)

1121

1444

$

$

$

$

$

$

$

2014

(987)

(1362)

(65)

(69)

(204)

1203

1600

$

$

$

$

$

$

$

2015

(1044)

(1215)

(155)

(101)

38

1327

1965

$

$

$

$

$

$

$

2016

(1229)

(1209)

(223)

8

303

1579

2097

$

$

$

$

$

$

$

2017

(1272)

(1052)

(180)

71

600

1799

2108

Average Median

$ $

33 (37)

$ $

17 (69)

$ $

116 (101)

$ $

189 8 $ $

296 71

Simcoe County

Bruce County

Dufferin County

Wellington County

Grey County

Elgin County

$ 304

$

$

$

$

$

$

(133)

(161)

(1)

371

395

235

$

$

$

$

$

$

(137)

(90)

65

442

378

262

$

$

$

$

$

$

(67)

(58)

83

186

326

339

Average Median

$ $

304 304

$ $

118 117

$ $

153 163

$ $

135 134

Municipal Financial Indicators 69

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend

Municipality 2013 2014 2015 2016 2017

Ottawa

Bancroft

Quinte West

Kingston

Prince Edward County

Brockville

Belleville

North Stormont

Cornwall

Peterborough Column1

Eastern Average

Eastern Median

$

$

$

$

$

$

$

$

$

$

$

(1448)

(383)

(1060)

(1184)

(1238)

386

223

292

1235

(353)

(383)

$

$

$

$

$

$

$

$

$

$

$

(1634)

(583)

(1341)

(1239)

(1234)

179

(91)

154

1157

(515)

(583)

$

$

$

$

$

$

$

$

$

$

$

(1736)

(1170)

(1283)

(1209)

(1201)

(308)

(119)

175

981

(652)

(1170)

$

$

$

$

$

$

$

$

$

$

$

(1998)

(1657)

(1365)

(1446)

(1271)

(456)

(62)

36

915

(812)

(1271)

$

$

$

$

$

$

$

$

$

$

$

$

(2299)

(2053)

(1575)

(1434)

(1366)

(1334)

(639)

11

126

758

(980)

(1350)

Municipality

Column1

2013 2014 2015 2016 2017

Toronto

Whitchurch ‐ Stouffville

Oshawa

King

Georgina

Caledon

Brampton

Clarington

Milton

East Gwillimbury

Burlington

Newmarket

Mississauga

Brock

Whitby

Halton Hills

Markham

Richmond Hill

Pickering

Oakville

Vaughan

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1668)

(329)

(393)

(766)

132

517

866

648

774

333

889

719

604

601

994

682

1327

940

1620

957

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1962)

(150)

(340)

(718)

192

359

672

600

774

421

880

716

495

766

994

771

1285

1134

1884

1029

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(2192)

(63)

(272)

(364)

205

355

731

596

856

459

920

708

640

868

999

737

1247

1205

1328

1007

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(2379)

(166)

(170)

(201)

246

460

688

655

970

522

905

881

691

953

1097

992

1223

1421

1288

1522

1124

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(2460)

(212)

(23)

100

243

462

661

677

717

894

927

927

948

1039

1051

1117

1262

1350

1454

1486

1688

GTA Average

GTA Median Column1

$

$

500

682

$

$

520

716

$

$

517

731

$

$

641

893

$

$

681

927

Municipal Financial Indicators 70

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Greenstone

Thunder Bay

Timmins

North Bay

Elliot Lake

Espanola

Sault Ste Marie

Parry Sound

Greater Sudbury

Kenora

$

$

$

$

$

$

$

$

$

(3734)

(954)

(482)

39

228

675

1126

1740

$

$

$

$

$

$

$

$

$

(3669)

(1349)

(677)

176

335

693

1347

906

1861

$

$

$

$

$

$

$

$

$

$

(3082)

(1447)

(923)

122

510

444

772

1245

1042

4555

$

$

$

$

$

$

$

$

$

(2610)

(1572)

(990)

323

748

727

1228

1226

4799

$

$

$

$

$

$

$

$

$

$

(2117)

(1301)

(961)

464

892

934

983

995

1162

4634

North Average

North Median

$

$

(151)

39

$

$

(42)

335

$

$

324

477

$

$

431

727

$

$

568

913

Municipality

Column1

2013 2014 2015 2016 2017

Barrie

Gravenhurst

Penetanguishene

Orangeville

Tay

Huntsville

Collingwood

Springwater

Tiny

Orillia

Bracebridge

Innisfil

$

$

$

$

$

$

$

$

$

(1538)

(1197)

(363)

(6)

(369)

434

817

1376

413

$

$

$

$

$

$

$

$

$

(1396)

(1134)

(202)

133

(146)

458

776

1555

378

$

$

$

$

$

$

$

$

$

(1492)

(1066)

(60)

206

(244)

498

1271

1680

412

$

$

$

$

$

$

$

$

$

(1329)

(829)

(198)

282

241

581

1357

1839

4983

$

$

$

$

$

$

$

$

$

$

$

$

(938)

(520)

(399)

(21)

379

425

448

649

656

1310

1666

4914

SimcoeMuskDuff Average

SimcoeMuskDuff Median Column1

$

$

(48)

(6)

$

$

47

133

$

$

134

206

$

$

770

282

$

$

714

437

Municipal Financial Indicators 71

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Owen Sound

North Perth

Stratford

St Thomas

Norfolk

Middlesex Centre

Guelph‐Eramosa

Meaford

Minto

Brant County

Erin

Mapleton

St Marys

Tillsonburg

Brockton

Grey Highlands

Puslinch

Saugeen Shores

Cambridge

Sarnia

Lambton Shores

London

Windsor

Guelph

Centre Wellington

Strathroy‐Caradoc

Ingersoll

North Middlesex

Kitchener

Wellesley

Chatham‐Kent

Woolwich

Brantford

Waterloo

North Dumfries

Wilmot

Wellington North

Haldimand

Kincardine

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(774)

(1171)

(1621)

814

(847)

(521)

(485)

(21)

275

358

707

152

(889)

294

510

247

(130)

43

764

915

912

1190

1051

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(700)

(1581)

653

(766)

(50)

(372)

196

(309)

79

383

(91)

10

401

395

360

717

94

(606)

334

618

405

580

28

242

802

854

241

915

1253

1010

1091

950

2280

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1099)

(856)

(1267)

434

(633)

(53)

(304)

113

(187)

174

384

247

60

320

448

358

722

213

(262)

508

653

572

571

248

431

383

872

861

440

1000

1238

1151

1111

1177

1461

2570

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1288)

(899)

(1002)

128

(132)

(408)

(205)

(95)

(11)

(373)

172

269

52

398

492

518

726

376

222

613

731

658

836

638

640

685

918

904

704

1169

1132

1259

1238

1249

1493

1513

2366

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1379)

(959)

(773)

(275)

(267)

(152)

(74)

73

98

142

146

178

183

230

277

384

528

590

650

652

655

670

715

719

817

832

856

887

888

890

948

1100

1132

1283

1291

1403

1589

1688

2578

Southwest Average

Southwest Median Column1

$

$

49

200 1

$

$

315

360 2

$

$

391

408 3

$

$

478

613 4

$

$

543

652 5

Municipal Financial Indicators 72

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Pelham

Port Colborne

St Catharines

Wainfleet

Welland

Hamilton

Fort Erie

Grimsby

Lincoln

Thorold

West Lincoln

Niagara‐on‐the‐Lake

$

$

$

$

$

$

$

$

$

$

(133)

178

319

28

315

530

1212

832

1224

1462

$

$

$

$

$

$

$

$

$

$

$

$

(432)

(498)

(35)

512

25

259

654

1314

1154

961

1104

1607

$

$

$

$

$

$

$

$

$

$

$

$

(531)

(343)

(87)

539

68

154

759

1276

1279

1052

1056

1421

$

$

$

$

$

$

$

$

$

$

$

$

(803)

(741)

(19)

424

220

263

829

1444

1313

1196

1068

1541

$

$

$

$

$

$

$

$

$

$

$

$

(1764)

(1404)

88

347

365

435

890

1174

1197

1213

1343

1456

NiagaraHamilton Average

NiagaraHamilton Median Column1

$

$

629

530

$

$

552

583

$

$

604

759

$

$

619

829

$

$

445

663

Municipality 2013 2014 2015 2016 2017

Region Waterloo

Region York

Region Niagara

Region Peel

District Muskoka

Region Durham

Region Halton

$

$

$

$

$

$

$

(744)

(1218)

(1)

(37)

(332)

1121

1444

$

$

$

$

$

$

$

(987)

(1362)

(65)

(69)

(204)

1203

1600

$

$

$

$

$

$

$

(1044)

(1215)

(155)

(101)

38

1327

1965

$

$

$

$

$

$

$

(1229)

(1209)

(223)

8

303

1579

2097

$

$

$

$

$

$

$

(1272)

(1052)

(180)

71

600

1799

2108

Average

Median

$

$

33

(37)

$

$

17

(69)

$

$

116

(101)

$

$

189

8

$

$

296

71

Simcoe County

Bruce County

Dufferin County

Wellington County

Grey County

Elgin County

$ 304

$

$

$

$

$

$

(133)

(161)

(1)

371

395

235

$

$

$

$

$

$

(137)

(90)

65

442

378

262

$

$

$

$

$

$

(67)

(58)

83

186

326

339

Average

Median

$

$

$

$

304

304

$

$

118

117

$

$

153

163

$

$

135

134

Municipal Financial Indicators 73

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend

Municipality 2013 2014 2015 2016 2017

Innisfil (026) (024) (023) (308) (315)

North Dumfries (159) (169) (171) (181)

Wilmot (144) (152) (152) (157) (177)

Kenora (075) (076) (184) (181) (176)

Pickering (121) (141) (140) (145) (166)

Wellesley (192) (161) (157) (152) (157)

Bracebridge (149) (162) (162) (169) (152)

Woolwich (146) (142) (154) (141) (151)

Wellington North (083) (103) (124) (137)

Vaughan (090) (099) (094) (086) (136)

Lincoln (149) (136) (151) (144) (135)

Grimsby (149) (142) (149) (132)

Markham (142) (135) (129) (116) (125)

Kincardine (108) (118) (108) (117)

Brock (073) (088) (099) (108) (116)

Halton Hills (083) (087) (080) (100) (115)

Richmond Hill (120) (114)

West Lincoln (185) (169) (146) (140) (112)

Oakville (137) (156) (110) (116) (112)

Whitby (118) (119) (117) (112) (098)

Mississauga (071) (056) (071) (066) (093)

Waterloo (087) (089) (088) (087) (092)

Thorold (063) (076) (082) (087) (091)

Niagara‐on‐the‐Lake (104) (109) (092) (097) (090)

Milton (094) (091) (099) (114) (085)

Clarington (089) (080) (077) (079) (085)

Burlington (083) (082) (084) (079) (080)

Centre Wellington (057) (057) (071) (079)

Puslinch (061) (070) (068) (076)

Newmarket (063) (063) (060) (068) (074)

Haldimand (053) (067) (074)

Ingersoll (004) (020) (035) (051) (071)

Brampton (122) (077) (080) (067) (068)

Springwater (050) (052) (054) (058) (065)

Strathroy‐Caradoc 012 (002) (021) (049) (062)

Fort Erie (039) (048) (053) (053) (059)

Municipal Financial Indicators 74

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Kitchener (052) (054) (060) (061) (058)

Tiny (057)

Elliot Lake (014) (022) (031) (045) (055)

Orillia (038) (035) (054) (055) (054)

Cambridge (062) (063) (063) (058) (053)

North Middlesex (028) (043) (050)

East Gwillimbury (031) (037) (040) (026) (049)

Brantford (047) (049)

Greater Sudbury (049) (039) (045) (050) (047)

Huntsville 001 (015) (024) (032) (045)

Sault Ste Marie (030) (030) (033) (031) (041)

Caledon (049) (033) (031) (038) (040)

Chatham‐Kent (011) (021) (032) (040)

Sarnia (011) (006) (014) (022) (039)

Espanola (036)

Parry Sound (045) (045) (041) (034)

Lambton Shores 052 031 012 (011) (034)

Saugeen Shores (022) (022) (021) (028) (033)

Wainfleet (035) (055) (057) (045) (031)

Peterborough (053) (050) (042) (036) (031)

London (014) (016) (023) (027) (030)

Grey Highlands (024) (035) (027) (031) (030)

Windsor (023) (027) (027) (030) (030)

Guelph (010) (016) (022) (025) (028)

Tay (028)

Welland (002) (002) (005) (015) (025)

Georgina (014) (018) (018) (021) (021)

Mapleton (060) (052) (021)

Collingwood 016 006 010 (010) (020)

Brockton (020)

Tillsonburg 002 (001) (005) (004) (019)

North Bay (002) (008) (005) (013) (019)

Hamilton (014) (012) (007) (011) (018)

Erin (010) (020) (020) (018)

Minto (016) (009) 001 (008)

St Catharines (017) 003 008 002 (007)

Municipal Financial Indicators 75

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

St Marys 003 (009) (010) (007)

Brant County 030 012 011 020 (006)

King 042 037 018 012 (006)

Cornwall (014) (007) (008) (001) (005)

Meaford 033 023 018 005 (004)

North Stormont (021) 010 013 009 (002)

Orangeville 024 013 004 011 001

Oshawa 042 035 026 015 002

Guelph‐Eramosa 007 007 025 009

Middlesex Centre 073 063 042 025 010

St Thomas (045) (035) (023) (006) 013

Norfolk 007 015

Whitchurch ‐ Stouffville 036 015 007 015 019

Penetanguishene 023

Belleville (018) (008) 013 019 026

Stratford 064 063 048 036 028

Thunder Bay 024 033 033 037 030

Timmins 021 029 038 038 036

Gravenhurst 109 099 085 061 038

Barrie 078 070 072 059 042

Kingston 039 048 046 045 047

Greenstone 096 090 073 059 048

North Perth 088 054 049 049

Brockville 058 058 052 052 055

Owen Sound 041 037 056 062 066

Prince Edward County 074 072 065 073 069

Toronto 056 065 068 070 076

Ottawa 056 062 066 071 084

Port Colborne 046 023 057 090

Quinte West 029 041 077 101 093

Bancroft 112

Pelham 015 047 057 074 163

Average (029) (031) (035) (040) (040)

Median (022) (022) (027) (032) (034)

Municipal Financial Indicators 76

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend (contrsquod)

Municipality

Region Halton

Region Durham

District Muskoka

Region Peel

Region Niagara

Region York

Region Waterloo

2013

(125)

(085)

017

004

000

102

062

2014

(137)

(088)

010

007

005

111

080

2015

(164)

(096)

(002)

010

012

093

083

2016

(167)

(106)

(015)

(001)

017

086

091

2017

(175)

(122)

(030)

(007)

014

075

097

Average

Median

(004)

004

(002)

007

(009)

010

(013)

(001)

(021)

(007)

Grey County

Elgin County

Wellington County

Dufferin County

Bruce County

Simcoe County

(027)

(051)

(028)

(032)

000

019

021

(051)

(031)

(036)

(009)

011

022

(043)

(039)

(038)

(010)

007

010

Average

Median

(027)

(027)

(012)

(014)

(016)

(020)

(019)

(024)

Municipal Financial Indicators 77

Municipal Study 2018

Total Asset Consumption Ratio

This indicator provides an estimate of the useful life left in the municipalityrsquos capital assets

Municipalities are facing significant infrastructure challenges Therefore it is important to keep informed of the age and condition of its capital assets to ensure they are making timely and appropriate investments This is calculated using Schedule 51 of the Financial Information Return

Formula

Total Accumulated Amortization

Total Gross Costs of Capital Assets

Interpretations

This ratio shows the value of the tangible capital assets that have been consumed This ratio seeks to highlight the aged condition of the assets and the potential asset replacement needs A higher ratio may

indicate significant replacement needs However if assets are renewed and replaced in accordance with an asset management plan a high ratio should not be a cause for concern The Ministry of Municipal Affairs and Housing considers a ratio of 25 or under to be relatively new 26‐50 to be moderately new 51‐75 to be moderately old and over 75 to be old

Summarymdash2017 Asset Consumption RatiomdashTotal Survey

0‐25

26‐50

51‐75

greater than 75

Total Asset Consumption Tax Asset Consumption

Municipal Financial Indicators 78

Municipal Study 2018

Total Asset Consumption Ratio Trend

Municipalities 2013 2014 2015 2016 2017

Vaughan 109 112 115 120 120

Markham 183 188 194 199 198

Mississauga 174 182 191 196 204

Grimsby 244 252 262 272 271

Penetanguishene 274

Whitchurch ‐ Stouffville 244 254 266 269 275

Milton 286 285 269 283 290

Ottawa 269 268 276 284 292

Barrie 246 261 270 281 294

Woolwich 256 265 275 290 298

Niagara‐on‐the‐Lake 268 273 280 291 302

Brampton 274 278 279 290 302

Lambton Shores 272 283 298 294 310

Kitchener 338 339 307 304 314

St Marys 289 300 314 317 319

Oakville 310 319 315 320 319

Georgina 254 271 286 303 319

Middlesex Centre 284 303 312 321 326

Tay 331

North Middlesex 304 322 337

Innisfil 293 298 296 334 339

North Perth 324 327 340

Springwater 295 310 324 338 352

Owen Sound 376 382 359 350 355

Burlington 326 335 341 349 358

London 339 346 353 359 362

North Stormont 326 325 335 351 369

Guelph‐Eramosa 338 344 361 376 371

King 447 422 394 393 377

Newmarket 357 362 375 373 377

East Gwillimbury 384 392 402 375 379

Hamilton 362 371 368 370 379

Port Colborne 354 373 384 393 380

Kingston 358 359 369 367 380

West Lincoln 360 369 376 370 380

Whitby 341 354 368 378 384

Municipal Financial Indicators 79

Municipal Study 2018

Total Asset Consumption Ratio (contrsquod)

Municipalities 2013 2014 2015 2016 2017

Ingersoll 362 362 369 371 386

Parry Sound 344 362 376 381 386

Brockville 370 382 395 397 388

Waterloo 351 359 369 381 389

Stratford 357 368 378 390 389

Orillia 357 367 382 383 390

Centre Wellington 390 372 376 387 391

Toronto 425 425 416 409 393

Espanola 377 393

Brant County 394 397 395 386 395

Collingwood 353 368 382 381 396

Thorold 367 365 373 392 397

Welland 346 359 375 385 397

Clarington 374 379 380 388 400

Wilmot 390 410 358 383 401

Cambridge 404 401 397 391 404

Oshawa 383 386 391 399 406

Peterborough 386 387 395 404 408

Norfolk 399 410

St Catharines 403 390 388 400 410

Belleville 407 417 426 420 411

Saugeen Shores 354 374 387 401 413

Sault Ste Marie 380 383 394 401 416

Fort Erie 366 383 394 406 419

Richmond Hill 390 415 422

Sarnia 376 392 407 419 423

Lincoln 431 401 413 416 428

Cornwall 452 454 420 423 428

Strathroy‐Caradoc 403 403 403 423 428

Windsor 389 392 410 423 430

Orangeville 397 388 402 427 437

Pelham 398 408 413 427 437

Tillsonburg 393 413 422 439 441

North Bay 413 413 415 428 445

Timmins 475 486 490 422 445

St Thomas 453 459 467 466 446

Municipal Financial Indicators 80

Municipal Study 2018

Total Asset Consumption Ratio (contrsquod)

Municipalities 2013 2014 2015 2016 2017

Prince Edward County 408 424 435 436 449

Guelph 409 421 435 440 450

Wainfleet 459 477 472 478 451

Halton Hills 430 434 424 436 453

Minto 441 447 447 457 463

Kenora 368 441 389 399 468

Erin 412 429 443 455 469

Haldimand 470 473 475

Bracebridge 436 451 452 466 477

Chatham‐Kent 439 450 460 474 479

Brantford 475 482

Brockton 483

Bancroft 490

Pickering 507 520 503 506 502

Greater Sudbury 491 493 486 497 503

Kincardine 426 439 445 446 505

Huntsville 412 440 468 484 507

Meaford 495 510 513 515 512

Caledon 526 558 549 532 512

Brock 445 465 482 498 516

Wellington North 495 510 526 534 542

Grey Highlands 482 505 515 533 547

Greenstone 490 503 526 541 551

Tiny 551

Thunder Bay 544 551 550 552 566

Gravenhurst 341 359 381 405 571

North Dumfries 197 220 338 348 621

Mapleton 619 628 646 639

Quinte West 658 667 662 668 654

Puslinch 632 642 651 657

Wellesley 621 646 671 692 716

Elliot Lake 784 788 787 793 796

Average 380 388 396 402 418

Median 376 383 387 393 405

Municipal Financial Indicators 81

Municipal Study 2018

Total Asset Consumption Ratio (contrsquod)

Municipalities

Region York

Region Halton

Region Peel

Region Durham

Region Waterloo

Region Niagara

District Muskoka

2013

320

257

251

316

413

424

413

2014

322

264

255

320

421

427

433

2015

291

258

260

330

415

432

440

2016

279

264

270

328

424

416

460

2017

266

271

282

336

347

425

478

Average

Median

342

320

349

322

347

330

349

328

344

336

Simcoe County

Wellington County

Dufferin County

Bruce County

Elgin County

Grey County

391

322

406

419

417

446

580

330

419

422

423

457

593

344

426

431

436

465

596

Average

Median

391

391

432

418

441

422

450

434

Municipal Financial Indicators 82

Municipal Study 2018

Tax Asset Consumption Ratio

Municipalities 2017

Vaughan 107

Markham 167

Mississauga 204

Grimsby 253

Barrie 281

Milton 290

Ottawa 300

Brampton 302

Whitchurch ‐ Stouffville 304

Woolwich 317

Oakville 319

North Perth 328

Kitchener 329

Penetanguishene 334

Innisfil 339

Niagara‐on‐the‐Lake 340

East Gwillimbury 341

St Marys 344

Collingwood 345

London 350

Burlington 358

Georgina 359

Owen Sound 367

Tay 368

Springwater 372

Orillia 374

Newmarket 377

North Middlesex 380

Port Colborne 382

Middlesex Centre 384

Whitby 384

Ingersoll 386

Stratford 386

Lambton Shores 392

Toronto 394

St Thomas 394

Municipalities 2017

Hamilton 399

Guelph‐Eramosa 399

Peterborough 400

Clarington 400

Kingston 405

Waterloo 406

Oshawa 406

North Stormont 412

Sault Ste Marie 414

Sarnia 417

Welland 418

Norfolk 419

Brant County 425

Espanola 426

Parry Sound 428

West Lincoln 429

Cambridge 433

Windsor 433

Wilmot 434

Pelham 437

Centre Wellington 440

Richmond Hill 440

St Catharines 443

King 443

Tillsonburg 444

Guelph 448

Wainfleet 451

Halton Hills 453

Thorold 457

Brockville 457

Belleville 457

Cornwall 462

Fort Erie 468

Bracebridge 477

Lincoln 479

Orangeville 482

Municipal Financial Indicators 83

Municipal Study 2018

Tax Asset Consumption Ratio

Municipalities 2017

North Bay

Chatham‐Kent

Saugeen Shores

Kenora

Meaford

Erin

Pickering

Prince Edward County

Huntsville

Caledon

Haldimand

Brock

Brockton

Kincardine

Brantford

Minto

Timmins

Grey Highlands

Greater Sudbury

Strathroy‐Caradoc

Tiny

Thunder Bay

Greenstone

Gravenhurst

Bancroft

North Dumfries

Wellington North

Puslinch

Mapleton

Quinte West

Wellesley

Elliot Lake

486

486

489

497

498

501

502

504

507

512

513

516

519

524

527

539

548

550

554

568

569

569

571

571

615

621

623

657

672

701

716

784

Average

Median

438

431

Municipalities 2017

Region Waterloo

Region Halton

Region York

Region Peel

Region Durham

Region Niagara

District Muskoka

298

301

334

358

380

387

520

Average

Median

368

358

Simcoe County

Wellington County

Dufferin County

Bruce County

Elgin County

Grey County

344

426

431

436

465

596

Average

Median

450

434

Municipal Financial Indicators 84

Municipal Study 2018

Reserves

Reserves are a critical component of a municipalityrsquos long‐term financing plan The purpose for maintaining reserves is to

Provide stability of tax rates in the face of variable and uncontrollable factors (consumption interest

rates unemployment rates changes in subsidies)

Provide financing for one‐time or short‐term requirements without permanently impacting the tax and

utility rates

Make provisions for replacementsacquisitions of assetsinfrastructure that are currently being

consumed and depreciated

Avoid spikes in funding requirements of the capital budget by reducing their reliance on long‐term debt borrowings

Provide a source of internal financing

Ensure adequate cash flows

Provide flexibility to manage debt levels and protect the municipalityrsquos financial position

Provide for future liabilities incurred in the current year but paid for in the future

Three financial indicators have been included for tax reserves In each case the water and wastewater reserves and reserve funds have been excluded as well as obligatory reserve funds

Reserve Financial Indicator One Tax Discretionary Reserves as a of Taxation

This provides the total tax discretionary reserves and reserve funds using Schedule 60 of the Financial Information Returns (columns 2 and 3) in relation to total taxation (Schedule 10 of the Financial Information Return)

Formula

Tax Discretionary Reserves

Taxation

Municipal Financial Indicators 85

Municipal Study 2018

Reserve Financial Indicator Two Tax Discretionary Reserves per Capita

This provides the total tax discretionary reserves in relation to the population

Formula

Tax Discretionary Reserves

Population

Reserve Financial Indicator Three Tax Discretionary Reserves as a of Own Source Revenues

This indicator shows the total value of funds held in reserves and reserve funds compared to a single yearrsquos own source revenue and is a strong indicator of financial stability This provides the total tax discretionary reserves and reserve funds using Schedule 60 of the Financial Information Returns (columns 2 and 3) in relation to own source revenues (Schedule 81 of the Financial Information Return less water and wastewater own source revenues which are on Schedule 12)

Formula

Tax Discretionary Reserves

Own Source Revenues

Interpretations

Reserves offer liquidity which enhances the municipalityrsquos flexibility in addressing operating

requirements and in permitting the municipality to temporarily fund capital projects internally allowing

it time to access debt markets and take advantage of favourable conditions The level of reserves required will vary for a number of reasons including

Services provided by the municipality

Age and condition of infrastructure inventory of fleet and vehicles supporting municipal operations

Level of expenditures

Internal debt and reserve policies

Targets ranges established on a reserve by reserve basis

Economic conditions and projections

Municipal Financial Indicators 86

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend

Municipality 2013 2014 2015 2016 2017

Orillia ‐21 ‐12 ‐5 ‐17 ‐33

Pelham 15 9 18 25 ‐7

Newmarket 32 15 ‐3 2 3

Brockville 12 14 13 15 17

St Thomas 27 20 18 25 21

Strathroy‐Caradoc 4 3 5 21 24

Tillsonburg 31 33 26 23 28

Markham 156 111 99 80 29

Ottawa 23 24 22 23 29

Barrie 31 30 31 31 30

Guelph 41 36 33 36 30

Sault Ste Marie 28 28 30 28 32

Prince Edward County 39 38 42 39 33

Brantford 42 36

Timmins 31 33 32 34 36

Greenstone 27 28 35 38 37

Belleville 23 24 28 33 38

Orangeville 20 20 25 33 38

Tiny 39

Quinte West 38 34 32 35 39

North Bay 29 29 29 38 42

Bancroft 42

Sarnia 25 26 27 32 43

Greater Sudbury 54 54 57 52 44

Wilmot 51 56 56 42 45

St Catharines 56 53 41 43 45

Kitchener 34 36 45 45 46

Huntsville 51 60 39 40 47

Toronto 53 48 45 45 47

Whitchurch ‐ Stouffville 89 88 87 67 49

Woolwich 57 47 46 53 49

Windsor 52 53 56 56 50

Niagara‐on‐the‐Lake 61 60 51 63 52

Waterloo 77 88 76 55 54

Stratford 50 49 52 53 55

Caledon 79 74 54 57 55

Municipal Financial Indicators 87

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Erin 48 49 57 56

Guelph‐Eramosa 44 48 51 56

Grey Highlands 63 48 52 58 57

Meaford 37 45 46 48 59

Hamilton 62 61 58 56 59

Thunder Bay 67 59 55 52 59

Oshawa 38 34 46 52 59

Espanola 60

Grimsby 91 82 65 61

Collingwood 65 59 59 53 61

Penetanguishene 62

Lincoln 101 78 75 70 62

Cornwall 64 66 66 62 63

Peterborough 65 63 61 64 63

Cambridge 54 56 64 64 63

Minto 58 60 57 68

North Stormont 57 50 48 64 70

Ingersoll 33 30 42 55 70

Innisfil 82 76 70 63 71

Georgina 54 60 62 65 71

Centre Wellington 94 92 114 71

Wainfleet 66 87 90 80 75

Fort Erie 56 61 69 73 77

St Marys 78 87 82 78

Bracebridge 77 74 52 59 80

Mississauga 79 79 80 85 81

Norfolk 86 81

Vaughan 85 79 70 102 83

Brampton 68 71 73 76 83

Burlington 79 78 80 84 84

Welland 81 76 70 80 84

Kincardine 137 112 93 85

Kingston 76 73 80 80 86

King 59 63 82 83 86

Gravenhurst 91 83 73 76 86

London 61 76 78 81 88

Municipal Financial Indicators 88

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Owen Sound

Tay

Brant County

Lambton Shores

Middlesex Centre

Port Colborne

Chatham‐Kent

North Perth

Parry Sound

Halton Hills

Brockton

Kenora

Wellington North

Wellesley

Springwater

Puslinch

Oakville

Elliot Lake

Pickering

Whitby

North Dumfries

Clarington

Milton

Saugeen Shores

Mapleton

North Middlesex

Brock

Richmond Hill

Thorold

West Lincoln

East Gwillimbury

102

30

32

79

62

110

115

154

104

65

53

112

0

139

119

159

118

182

155

69

103

100

45

76

41

86

138

64

111

137

100

156

82

132

71

80

109

54

138

112

144

55

127

193

157

74

98

94

64

83

89

98

90

123

71

117

132

101

104

94

113

70

75

110

50

129

160

132

94

125

135

207

133

72

91

92

77

93

94

94

91

111

87

106

103

105

101

93

112

100

74

111

63

120

171

129

141

150

189

192

124

156

90

90

92

93

93

94

95

95

95

96

96

98

98

101

101

102

104

105

110

111

111

119

124

126

131

154

155

173

196

204

208

Average

Median

65

61

68

61

70

69

74

65

73

68

Municipal Financial Indicators 89

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Region Waterloo

Region Niagara

District Muskoka

Region Peel

Region Durham

Region Halton

Region York

40

42

67

119

113

155

178

48

43

67

120

122

172

191

42

47

72

119

137

208

212

44

45

79

126

150

219

223

41

46

91

127

165

214

223

Average

Median

102

113

109

120

120

119

126

126

130

127

Elgin County

Bruce County

Dufferin County

Wellington County

Grey County

Simcoe County

80

21

55

50

83

90

63

32

57

59

75

87

69

48

58

66

79

85

87

Average

Median

80

80

60

59

63

64

71

73

Municipal Financial Indicators 90

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend

Municipality 2013 2014 2015 2016 2017

Orillia ‐17 ‐10 ‐4 ‐13 ‐27

Pelham 13 7 16 20 ‐6

Newmarket 23 11 ‐2 2 2

Brockville 10 11 11 11 13

St Thomas 21 16 15 20 17

Markham 90 65 59 49 18

Strathroy‐Caradoc 3 3 4 16 18

Kitchener 14 15 19 20 19

Tillsonburg 23 23 18 17 20

Ottawa 16 17 16 16 21

Guelph 31 27 25 28 23

Toronto 28 25 22 22 23

Barrie 25 24 25 25 24

Sault Ste Marie 20 21 22 21 24

Thunder Bay 27 24 22 23 24

Timmins 23 25 25 26 26

Brantford 30 26

Prince Edward County 31 30 34 31 27

Greenstone 19 21 27 29 28

Wilmot 31 36 37 28 28

Niagara‐on‐the‐Lake 38 37 32 38 29

Orangeville 16 16 20 28 30

Whitchurch ‐ Stouffville 61 56 59 47 31

Belleville 19 20 24 28 31

Woolwich 40 33 32 31 32

St Catharines 42 39 29 31 32

Huntsville 38 40 27 29 32

North Bay 22 22 23 30 33

Greater Sudbury 39 39 41 38 33

Tiny 33

Windsor 38 38 38 36 33

Sarnia 20 20 21 26 34

Quinte West 34 30 29 32 35

Waterloo 49 56 50 35 35

Bancroft 36

Stratford 35 34 36 37 37

Municipal Financial Indicators 91

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Caledon 54 53 39 40 40

Minto 36 39 37 43

Erin 36 32 45 43

Oshawa 29 26 33 37 43

Centre Wellington 53 56 60 44

Hamilton 46 46 44 42 44

Cornwall 44 46 47 44 44

Guelph‐Eramosa 33 38 40 45

Peterborough 43 44 43 45 45

Innisfil 55 53 51 41 46

Grey Highlands 45 37 42 46 47

Espanola 34 47

North Stormont 0 0 0 43 47

Cambridge 39 42 50 49 48

Meaford 31 38 38 40 48

Lincoln 74 58 60 55 48

Penetanguishene 49

Collingwood 52 45 46 43 50

Grimsby 0 74 65 51 50

Mississauga 48 50 51 52 50

St Marys 57 64 60 51

Wainfleet 52 69 73 67 53

Vaughan 59 57 50 70 55

Welland 51 53 48 57 56

Brant County 25 51 78 77 57

Kincardine 47 70 69 58

Kingston 52 49 55 56 58

Burlington 53 53 56 59 58

North Perth 58 58 56 58

Ingersoll 28 24 35 46 59

Georgina 44 45 48 52 59

Brampton 57 50 51 53 59

Bracebridge 61 58 40 45 61

Whitby 72 72 72 70 63

Fort Erie 47 51 59 62 65

Norfolk 70 66

Municipal Financial Indicators 92

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Brockton 66

King 34 36 50 59 66

London 46 57 59 60 67

Wellesley 82 66 65 68 68

Middlesex Centre 59 58 51 59 68

Milton 61 59 85 94 68

North Dumfries 34 33 39 69

Chatham‐Kent 66 76 73 69

Gravenhurst 73 65 58 62 69

Lambton Shores 24 31 39 54 70

Parry Sound 83 88 80 71

Oakville 71 91 80 79 72

Halton Hills 45 46 52 65 72

Puslinch 59 72 66 72

Owen Sound 77 83 78 73 72

Wellington North 104 103 78 74

Port Colborne 0 32 50 73 74

Kenora 81 82 87 79 76

Tay 77

Springwater 123 124 82 78 80

Saugeen Shores 98 92 87 84 83

Elliot Lake 43 53 49 79 86

Pickering 41 61 56 57 86

West Lincoln 113 120 95 94 90

Clarington 102 103 96 91 91

East Gwillimbury 46 51 51 63 101

Mapleton 44 73 106

Richmond Hill 122 112

North Middlesex 102 112 116

Brock 95 101 110 120 119

Haldimand 90 139 138

Thorold 149 160 163 158 160

Average 45 47 49 52 52

Median 43 45 48 49 48

Municipal Financial Indicators 93

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Region Niagara

Region Waterloo

District Muskoka

Region Peel

Region Durham

Region York

Region Halton

30

32

57

97

99

139

118

30

39

57

98

105

147

132

33

34

61

99

117

157

159

32

36

67

105

128

175

171

32

34

77

106

135

167

170

Average

Median

82

97

87

98

94

99

102

105

103

106

Elgin County

Bruce County

Dufferin County

Wellington County

Grey County

Simcoe County

65

15

42

38

67

65

50

25

45

45

61

66

55

37

46

49

64

65

67

Average

Median

65

65

46

46

49

50

55

57

Municipal Financial Indicators 94

Municipal Study 2018

2017 Total and Tax Reserve Per Capita

Total Tax Reserves Reserves

Municipality Per Capita Per Capita

Orillia (97) $ (538) $

Pelham 108$ (50) $

Newmarket 593$ 18 $

Markham 325$ 122 $

Wilmot 378$ 158 $

Strathroy‐Caradoc 924 $ 180 $

Woolwich 467$ 188 $

Kitchener 244 $ 222 $

Tillsonburg 237 $ 237 $

St Thomas 650$ 254 $

North Stormont 412$ 264 $

Brockville 490 $ 271 $

Whitchurch ‐ Stouffville 377 $ 280 $

Guelph‐Eramosa 485$ 284 $

Erin 493$ 302 $

Huntsville 305 $ 305 $

Niagara‐on‐the‐Lake 647 $ 318 $

Centre Wellington 893 $ 322 $

St Catharines 417$ 337 $

Grimsby 642$ 339 $

Waterloo 351$ 351 $

Lincoln 874$ 358 $

Minto 980$ 370 $

Cambridge 545$ 377 $

Wellesley 384 $ 384 $

Tiny 747$ 384 $

Orangeville 723 $ 421 $

Sarnia 623$ 427 $

Barrie 767$ 438 $

Prince Edward County 539 $ 454 $

Caledon 456$ 456 $

Oshawa 465$ 465 $

Vaughan 820 $ 478 $

Sault Ste Marie 481 $ 481 $

Quinte West 721$ 485 $

North Dumfries 490$ 490 $

Total Tax Reserves Reserves

Municipality Per Capita Per Capita

Guelph 1388 $ 490 $

Ottawa 560$ 495 $

Brantford 1002 $ 502 $

Puslinch 504 $ 504 $

Bancroft 506$ 506 $

Mississauga 510 $ 510 $

Grey Highlands 922$ 518 $

Timmins 564 $ 564 $

Milton 575 $ 575 $

Welland 602 $ 576 $

Wellington North 1308 $ 577 $

Brampton 579$ 579 $

Wainfleet 590$ 590 $

Georgina 784$ 612 $

Fort Erie 754$ 619 $

Belleville 1176 $ 641 $

Springwater 1061 $ 650 $

Penetanguishene 662 $

North Bay 883$ 663 $

Bracebridge 665$ 665 $

Whitby 672$ 672 $

Burlington 675 $ 675 $

Greater Sudbury 865 $ 676 $

Toronto 1010 $ 678 $

Halton Hills 695 $ 695 $

Ingersoll 712$ 712 $

Innisfil 715$ 715 $

Tay 1096 $ 715 $

Windsor 760$ 716 $

Clarington 726$ 726 $

Meaford 975$ 729 $

Pickering 756$ 756 $

Brockton 992 $ 795 $

Middlesex Centre 961$ 796 $

Collingwood 1842 $ 801 $

Mapleton 1014 $ 802 $

Municipal Financial Indicators 95

Municipal Study 2018

2017 Total and Tax Reserve Per Capita (contrsquod)

Municipality

Total Reserves Per Capita

Tax Reserves Per Capita

Port Colborne

Cornwall

North Perth

Hamilton

West Lincoln

Richmond Hill

Stratford

Peterborough

Thunder Bay

King

Oakville

Gravenhurst

Espanola

Lambton Shores

Norfolk

Brock

Elliot Lake

Kincardine

Greenstone

Saugeen Shores

Owen Sound

St Marys

Brant County

London

Chatham‐Kent

East Gwillimbury

Parry Sound

Kingston

Thorold

North Middlesex

Kenora

Haldimand

939 $

1042 $

1005 $

1312 $

1000 $

1126 $

940 $

1379 $

989 $

966 $

950 $

956 $

1316 $

1811 $

1330 $

1069 $

1418 $

2740 $

1125 $

1347 $

1312 $

1426 $

1535 $

1674 $

1429 $

1843 $

2577 $

2113 $

2056 $

1713 $

1929 $

3127 $

817 $

881 $

886 $

887 $

913 $

921 $

923 $

933 $

938 $

949 $

950 $

956 $

973 $

994 $

995 $

1069 $

1093 $

1100 $

1125 $

1138 $

1141 $

1151 $

1178 $

1262 $

1347 $

1482 $

1494 $

1522 $

1555 $

1569 $

1576 $

2613 $

Average Median

931 $ 820 $

684$ 645 $

Municipality

Total Reserves Per Capita

Tax Reserves Per Capita

Region Niagara

Region Waterloo

Region Peel

District Muskoka

Region Halton

Region Durham

Region York

604 $

525 $

1254 $

1823 $

1837 $

1934 $

2159 $

337 $

371 $

865 $

1351 $

1480 $

1528 $

1955 $

Average Median

1448 $ 1823 $

1127 $ 1351 $

Wellington County

Elgin County

Bruce County

Dufferin County

Simcoe County

Grey County

311 $

326 $

361 $

391 $

429 $

496 $

311 $

326 $

361 $

391 $

429 $

496 $

Average Median

386 $ 376 $

386 $ 376 $

Municipal Financial Indi‐ 96

Municipal Study 2018

Debt

The Ministry of Municipal Affairs and Housing regulates the level of debt that may be incurred by municipalities such that no more than 25 of the total Own Source Revenue can be used to service debt

and other long‐term obligations without receiving OMB approval In addition to confirming that the debt is within the legislated limits Government Finance Officersrsquo Association (GFOA) recommends the

following analysis be undertaken

Measures of the tax and revenue base such as

Projections of key relevant economic variables

Population trends

Utilization trends for services underlying revenues

Evaluation of trends relating to the governmentrsquos financial

performance such as

Revenues and expenditures

Net revenues available after meeting operating requirements

Reliability of revenues expected to pay debt service

Unreserved fund balance levels

Debt service obligations such as

Existing debt service requirements

Debt service as a percentage of expenditures or tax or system revenues

There are six financial debt indicators that have been included in the analysis to provide a clear understanding of the overall debt outstanding and the debt servicing costs

Financial Debt Indicator One Tax Debt Interest as of Own Source Revenues

This ratio indicates the extent to which the municipalityrsquos own source revenues are committed to debt interest charges This is calculated using Schedule 40 of the Financial Information Returns and the Own

Source Revenues in Schedule 81 less WaterWW revenues in Schedule 12

Formula

Tax Debt Interest

Own Source Revenues

Municipal Financial Indicators 97

Municipal Study 2018

Financial Debt Indicator Two Debt Charges as a of Own Source Revenues (Debt Service Ratio)

Debt Service is the amount of principal and interest that a municipality must pay each year to service the

debt (principal and interest expenses) As debt service increases it reduces expenditure flexibility This shows the of total debt expenditures including interest as a of own source revenue It is a measure of the municipalityrsquos ability to service its debt payments Schedule 74C has been used for the total debt charges (line 3099) and the tax debt charges (line 3012)

Formula

Debt Principal and Interest Payments

Own Source Revenue

Target

Credit rating agencies consider that principal and interest should be below 10 of Own Source Revenues

Interpretations

This indicator will trigger a warning if the increase in debt service consistently exceeds the increase in own source revenues

Financial Debt Indicator Three Debt Outstanding per Capita

This provides the debt outstanding as reflected on Schedule 74A divided by the population

Formula

Total Debt Outstanding

Population

Municipal Financial Indicators 98

Municipal Study 2018

Financial Debt Indicator Four Debt Outstanding Per Own Source Revenues

This provides the debt outstanding as reflected on Schedule 74A divided by the municipalityrsquos own source revenues as reflected in Schedule 81

Formula

Total Debt Outstanding

Own Source Revenue

Financial Debt Indicator Five Debt to Reserve Ratio

Formula

Debt Outstanding

Reserves and Reserve Funds (Excluding Obligatory Reserve

Funds)

Financial Debt Indicator Six Debt Outstanding as a of Unweighted Assessment

This provides the debt outstanding as reflected on Schedule 74A divided by the municipalityrsquos own source revenues as reflected in Municipalityrsquos Levy by‐laws

Formula

Total Debt Outstanding

Unweighted Assessment

Target

This indicator provides a measure for financial prudence by comparing total debt to the total reserve balances Generally the benchmark suggested by credit rating agencies for this ratio is 11 or in other words debt should not exceed total reserve and reserve fund balances A 11 ratio reflects that for every dollar of debt there is a dollar of reserves

Municipal Financial Indicators 99

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend

Municipality 2013 2014 2015 2016 2017

Brampton 00 00 00 00 00

East Gwillimbury 00 00 00 00 00

Erin 00 11 08 08 00

Espanola 03 00

Mapleton 00 00 00 00 00

Richmond Hill 00 00 00 00 00

Tiny 00

West Lincoln 00 00 00 00 00

Whitby 00 00 00 00 00

Wilmot 15 00 00 00 00

Kenora 07 07 00 00 00

North Middlesex 02 01 01

Wainfleet 03 03 03 02 01

Grimsby 00 02 01 00 01

Puslinch 00 05 04 03 02

Markham 02 02 02 02 02

Sarnia 07 06 05 02 02

Wellesley 06 04 03 01 02

Sault Ste Marie 05 04 03 03 02

Thorold 05 05 05 03 03

Saugeen Shores 05 05 04 04 03

Greater Sudbury 03 03 04 03 03

Cambridge 04 04 03 04 03

Niagara‐on‐the‐Lake 05 03 03 05 04

Penetanguishene 04

Grey Highlands 01 02 02 01 04

Mississauga 01 02 03 04 04

Georgina 00 00 00 03 04

Brock 07 06 06 05 04

Vaughan 13 12 12 10 04

Orillia 09 08 07 05 04

Fort Erie 07 07 06 06 05

Brantford 03 05

Kincardine 00 04 06 09 06

Strathroy‐Caradoc 07 07 06 07 07

Thunder Bay 09 08 08 07 07

Municipal Financial Indicators 100

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Timmins 11 10 09 08 08

Clarington 13 12 11 09 08

Tay 08

Barrie 08 08 07 08 08

Pickering 09 09 08 08 08

Hamilton 13 11 11 09 09

Cornwall 12 12 09 10 09

Windsor 11 11 09 09 09

Meaford 17 13 12 10 09

Lincoln 05 06 06 08 09

Springwater 09 10 12 11 09

Elliot Lake 11 03 06 10 09

North Dumfries 00 15 13 11 10

Chatham‐Kent 00 16 14 13 10

Caledon 19 19 14 12 10

Centre Wellington 00 15 14 10 10

London 13 13 12 11 10

St Thomas 12 13 11 10 10

North Bay 19 19 17 11 10

Brockton 10

Prince Edward County 17 15 13 10 11

Woolwich 15 14 13 10 11

Kitchener 15 14 14 00 11

Norfolk 10 11

Greenstone 27 26 24 20 11

Ingersoll 12 17 15 13 11

Orangeville 23 23 21 15 11

Halton Hills 13 15 15 13 12

Burlington 14 13 12 13 12

Owen Sound 16 17 15 15 12

Guelph 15 16 12 14 12

Brant County 13 08 19 17 13

Bracebridge 21 19 17 14 13

King 15 14 15 14 14

Brockville 22 20 16 14 14

Milton 15 13 15 15 15

Municipal Financial Indicators 101

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Oakville

Bancroft

Middlesex Centre

Haldimand

Guelph‐Eramosa

Newmarket

Parry Sound

Wellington North

Oshawa

Peterborough

Innisfil

Lambton Shores

Stratford

Huntsville

Tillsonburg

St Marys

Quinte West

Port Colborne

St Catharines

North Stormont

Collingwood

Belleville

Minto

North Perth

Welland

Whitchurch ‐ Stouffville

Kingston

Ottawa

Waterloo

Toronto

Pelham

Gravenhurst

10

25

00

26

00

00

22

19

33

25

24

34

39

00

10

00

22

00

33

08

00

47

22

43

23

30

42

41

10

76

09

23

24

24

19

31

23

19

30

21

23

28

29

31

12

19

21

00

28

14

14

37

40

28

32

39

42

11

69

16

16

15

20

22

20

25

21

18

28

20

23

26

26

27

13

12

24

00

29

14

13

29

32

39

27

31

39

39

14

60

17

15

17

17

19

20

20

19

19

21

20

22

25

24

25

19

15

24

21

26

21

20

29

30

38

29

31

36

39

19

54

15

16

16

16

16

17

17

18

18

18

19

19

19

20

20

21

21

22

23

23

23

24

25

25

27

29

29

30

33

38

46

47

Average

Median

13

10

14

12

13

12

12

10

12

10

Municipal Financial Indicators 102

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

District Muskoka

Region Durham

Region Halton

Region Peel

Region York

Region Waterloo

Region Niagara

06

09

07

14

17

18

16

05

10

06

14

19

23

16

05

09

08

12

18

23

17

05

08

08

11

20

21

27

04

06

07

09

19

24

26

Average

Median

12

14

13

14

13

12

14

11

14

09

Grey County

Elgin County

Simcoe County

Wellington County

Dufferin County

Bruce County

16

01

04

05

14

22

30

01

04

06

13

19

26

00

04

05

11

16

22

Average

Median

16

16

13

10

11

09

10

08

Municipal Financial Indicators 103

Municipal Study 2018

2017 Total and Tax Debt Charges as a of Own Source Revenues 2017 Total Debt Charges as a of Own Source

2017 Tax Debt Charges as a of Own Source

Municipality Revenues Revenues

Brampton 00 00

East Gwillimbury 00 00

Kenora 00 00

Kingston 65 00

Markham 03 00

North Perth 48 00

Richmond Hill 00 00

Timmins 36 00

Tiny 00 00

West Lincoln 00 00

Whitby 00 00

Wilmot 00 00

North Dumfries 33 01

Grimsby 02 02

Caledon 40 04

Clarington 48 04

Windsor 20 05

Thorold 06 08

Brock 10 10

Wainfleet 12 10

Georgina 33 11

Sault Ste Marie 15 12

Chatham‐Kent 54 14

Strathroy‐Caradoc 56 15

Tay 64 15

Innisfil 50 17

Wellesley 18 18

Whitchurch ‐ Stouffville 58 19

Centre Wellington 80 19

Brantford 33 23

Puslinch 23 23

Oakville 47 25

Woolwich 21 25

Halton Hills 74 25

St Thomas 30 26

Mississauga 26 26

2017 Total Debt Charges as a of Own Source

2017 Tax Debt Charges as a of Own Source

Municipality Revenues Revenues

Greater Sudbury 22 26

Penetanguishene 21 27

Elliot Lake 23 29

Thunder Bay 54 31

Vaughan 23 31

Brant County 44 31

Fort Erie 37 33

Kincardine 33 34

Niagara‐on‐the‐Lake 24 34

Orillia 29 35

Springwater 66 36

Bracebridge 36 36

Prince Edward County 71 36

Erin 32 37

Parry Sound 80 38

Espanola 30 38

North Middlesex 45 38

Cambridge 25 39

Middlesex Centre 88 39

Barrie 85 42

Kitchener 38 42

Meaford 57 43

Milton 86 43

Pickering 44 44

Grey Highlands 38 44

Lincoln 41 48

Waterloo 48 48

Newmarket 43 49

Sarnia 37 50

Hamilton 51 53

Owen Sound 89 55

Cornwall 47 55

Huntsville 55 55

Ingersoll 56 56

Peterborough 94 56

Belleville 71 56

Municipal Financial Indicators 104

Municipal Study 2018

2017 Total and Tax Debt Charges as a of Own Source Revenues (contrsquod)

Municipality

2017 Total Debt Charges as a of Own Source Revenues

2017 Tax Debt Charges as a of Own Source Revenues Municipality

2017 Total Debt Charges as a of Own Source Revenues

2017 Tax Debt Charges as a of Own Source Revenues

Oshawa 57 57 Region Peel 94 06

Norfolk 56 57 District Muskoka 61 08

Brockton 57 61 Region York 231 14

Haldimand 53 63 Region Durham 63 18

Stratford 91 64 Region Halton 55 19

Orangeville 56 64 Region Niagara 71 87

Ottawa 79 66 Region Waterloo 98 89

London 70 67 Average 96 34 North Bay 90 69 Median 71 18

Saugeen Shores 54 70

Burlington

St Marys

71

60

71

71

Grey County

Elgin County

00

04

00

04

Pelham 117 72 Wellington County 40 35

Brockville 61 73 Simcoe County 36 36

Tillsonburg 76 76 Dufferin County 60 60

Guelph 78 78 Bruce County 70 70

Quinte West 66 81 Average 35 34

North Stormont 78 84 Median 38 35

Toronto 78 87

Port Colborne 70 95

King 82 96

St Catharines 86 98

Guelph‐Eramosa 80 101

Gravenhurst 103 103

Greenstone 98 107

Collingwood 92 112

Lambton Shores 83 114

Bancroft 98 129

Wellington North 98 130

Welland 90 132

Minto 124 165

Average 51 44 Median 51 38

Municipal Financial Indicators 105

Municipal Study 2018

2017 Total Debt Outstanding Per Capita

Total Debt Tax Debt Outstanding Outstanding Per

Municipality Per Capita Capita

East Gwillimbury ‐$ ‐$

Espanola 1112 $ ‐$

Richmond Hill ‐$ ‐$

Whitby ‐$ ‐$

Wilmot ‐$ ‐$

Kenora ‐$ ‐$

Tiny 3$ 3$

Puslinch 15 $ 15 $

West Lincoln 17 $ 17 $

Wainfleet 27 $ 27 $

Markham 35 $ 35 $

Georgina 232$ 44 $

Thorold 59 $ 59 $

Wellesley 60 $ 60 $

Sault Ste Marie 171 $ 83 $

Niagara‐on‐the‐Lake 157 $ 87 $

Saugeen Shores 707$ 88 $

Brock 94 $ 94 $

Sarnia 167$ 98 $

Woolwich 135$ 124 $

Penetanguishene 128 $ 128 $

Grimsby 133$ 133 $

North Dumfries 139 $ 135 $

Brampton 137$ 137 $

Centre Wellington 807 $ 145 $

Fort Erie 261 $ 151 $

Vaughan 179 $ 158 $

Clarington 173$ 173 $

Caledon 175$ 175 $

North Middlesex 286$ 185 $

Strathroy‐Caradoc 344 $ 191 $

Greater Sudbury 460 $ 192 $

Wellington North 407 $ 192 $

Lincoln 195$ 195 $

Cambridge 292$ 198 $

Mississauga 202$ 202 $

Total Debt Tax Debt Outstanding Outstanding Per

Municipality Per Capita Capita

Springwater 240$ 240 $

Elliot Lake 244$ 244 $

Windsor 373$ 265 $

Newmarket 377$ 270 $

Tay 980$ 283 $

Meaford 572$ 288 $

Guelph‐Eramosa 559$ 293 $

Orillia 307 $ 307 $

Grey Highlands 445$ 312 $

Kincardine 312 $ 312 $

Kitchener 313 $ 313 $

Timmins 1234 $ 322 $

Pickering 325$ 325 $

Erin 348$ 348 $

Ingersoll 358$ 358 $

King 551$ 377 $

Owen Sound 961$ 380 $

Chatham‐Kent 847 $ 382 $

Huntsville 382 $ 382 $

North Stormont 382$ 382 $

Milton 412 $ 412 $

Halton Hills 433 $ 433 $

Burlington 459$ 459 $

Oshawa 472$ 472 $

Norfolk 895$ 475 $

Minto 992$ 489 $

Brockton 511$ 511 $

Prince Edward County 1600 $ 518 $

Hamilton 739 $ 523 $

Waterloo 572$ 527 $

Brantford 771$ 529 $

Barrie 2061 $ 531 $

Orangeville 1026 $ 533 $

Middlesex Centre 1178 $ 540 $

Oakville 579 $ 579 $

Innisfil 596$ 596 $

Municipal Financial Indicators 106

Municipal Study 2018

2017 Total Debt Outstanding Per Capita (contrsquod)

107Municipal Financial Indicators

Municipality

Total Debt Outstanding

Per Capita

Tax Debt Outstanding Per

Capita

Tillsonburg 601 $ 601 $

Whitchurch ‐ Stouffville 602 $ 602 $

London 778 $ 616 $

Bracebridge 641 $ 641 $

Haldimand 1000$ 657 $

Lambton Shores 1059 $ 672 $

Cornwall 910$ 684 $

St Thomas 824 $ 693 $

Bancroft 1568 $ 717 $

Welland 830$ 730$

St Catharines 783 $ 756 $

Mapleton 900$ 762 $

Guelph 788 $ 769 $

North Bay 1110$ 787 $

Collingwood 1176 $ 795 $

Brockville 1191 $ 818 $

Thunder Bay 1777 $ 868 $

Parry Sound 2076 $ 891 $

St Marys 1223 $ 1052 $

Brant County 1366 $ 1068 $

North Perth 1163 $ 1072 $

Port Colborne 1287 $ 1117 $

Quinte West 2233 $ 1136 $

Peterborough 1482 $ 1175 $

Stratford 2082 $ 1331 $

Belleville 1814 $ 1377 $

Gravenhurst 1489 $ 1489 $

Pelham 1772 $ 1707 $

Ottawa 2417 $ 1731 $

Kingston 2855 $ 1913 $

Toronto 2168 $ 2168 $

Greenstone 3335 $ 3335 $

Average 731 $ 507 $ Median 555 $ 379 $

Municipality

Total Debt Outstanding Per Capita

Tax Debt Outstanding Per

Capita

Region Durham 167 $ 132 $

District Muskoka 1063 $ 157 $

Region Peel 976$ 176 $

Region Halton 548$ 189 $

Region Niagara 733$ 589 $

Region York 2911 $ 763 $

Region Waterloo 1224 $ 854 $

Average 1089$ 408$ Median 976$ 189$

Grey County 17 $ 17 $

Simcoe County 58 $ 58 $

Elgin County 94 $ 94 $

Wellington County 114 $ 114 $

Dufferin County 280$ 280 $

Bruce County 301$ 301 $

Average 144$ 144$

Median 104$ 104$

Municipal Study 2018

2017 Debt Outstanding Per Own Source Revenues

Municipality

Debt Outstanding as a of Own Source Revenues

Cambridge 236

Municipality

Debt Outstanding as a of Own Source Revenues

Springwater 242

Strathroy‐Caradoc 258

Ingersoll 295

Newmarket 301

Guelph 306

Meaford 308

Hamilton 313

King 330

Brantford 335

Grey Highlands 346

London 350

Wellington North 351

Chatham‐Kent 358

Brockton 361

Pickering 370

Innisfil 382

Cornwall 389

Burlington 395

St Thomas 395

Saugeen Shores 399

Huntsville 402

Waterloo 411

Thunder Bay 412

Espanola 425

Erin 427

Oakville 436

Haldimand 438

Oshawa 439

Halton Hills 446

St Marys 454

North Bay 456

Owen Sound 458

Timmins 463

Milton 490

Brockville 491

Norfolk 493

East Gwillimbury 00

Kenora 00

Richmond Hill 00

Whitby 00

Wilmot 00

Tiny 02

West Lincoln 14

Puslinch 22

Wainfleet 24

Markham 34

Thorold 44

Sault Ste Marie 72

Penetanguishene 73

Niagara‐on‐the‐Lake 98

Sarnia 99

Brock 104

Wellesley 107

Orillia 127

Brampton 140

Kincardine 141

Vaughan 144

Grimsby 149

Elliot Lake 150

Caledon 152

Windsor 154

North Middlesex 163

Fort Erie 172

Woolwich 186

Greater Sudbury 187

North Dumfries 194

Mississauga 198

Georgina 205

Kitchener 206

Clarington 216

Lincoln 221

Municipal Financial Indicators 108

Municipal Study 2018

2017 Debt Outstanding Per Own Source Revenues (contrsquod)

Municipality

Debt Outstanding as a of Own Source Revenues

Tillsonburg 509

Collingwood 526

Whitchurch ‐ Stouffville 538

Lambton Shores 545

Welland 557

Orangeville 566

North Stormont 568

Brant County 587

Bracebridge 587

North Perth 596

Peterborough 605

St Catharines 652

Toronto 672

Guelph‐Eramosa 696

Parry Sound 710

Tay 716

Belleville 729

Stratford 747

Greenstone 752

Centre Wellington 784

Prince Edward County 804

Minto 808

Middlesex Centre 809

Port Colborne 827

Bancroft 858

Ottawa 888

Barrie 928

Kingston 932

Mapleton 1059

Gravenhurst 1082

Quinte West 1314

Pelham 1637

Average 409

Median 385

Municipality

Debt Outstanding as a of Own Source Revenues

Region Durham

Region Halton

District Muskoka

Region Niagara

Region Peel

Region Waterloo

Region York

114

456

530

576

911

935

2069

Average

Median

799

576

Grey County

Simcoe County

Elgin County

Wellington County

Dufferin County

Bruce County

22

90

107

235

354

388

Average

Median

199

171

Municipal Financial Indicators 109

Municipal Study 2018

Debt To Reserve RatiomdashTrend

This includes discretionary reserves and all outstanding debt as reflected on Schedules 60 and 74A of the 2017 FIRs Note Reserves excludes obligatory reserves

Municipality 2013 2014 2015 2016 2017

Orillia (33) 53 12 12 (31)

East Gwillimbury 00 00 00 ‐

Kenora 03 03 ‐

Richmond Hill ‐

Whitby 00 ‐

Wilmot 00 ‐

Tiny 00

West Lincoln 00 00 00 00 00

Thorold 01 01 01 00 00

Puslinch 02 01 01 00

Wainfleet 01 01 01 00 00

Brock 02 01 01 01 01

Markham 00 01 01 01 01

Kincardine 01 02 01 01

Wellesley 01 01 01 02 02

Penetanguishene 02

North Middlesex 04 03 02

Elliot Lake 01 01 03 02 02

Grimsby 00 02

Vaughan 03 03 03 02 02

Lincoln 02 01 01 03 02

Springwater 03 04 03 03 02

Brampton 00 04 03 03 02

Clarington 03 03 03 03 02

Niagara‐on‐the‐Lake 04 03 05 03 02

Sarnia 12 09 06 05 03

North Dumfries 10 09 06 03

Woolwich 05 05 04 03 03

Georgina 06 05 04 04 03

Wellington North 05 05 04 03

Haldimand 03 03 03

Fort Erie 08 05 04 04 03

Sault Ste Marie 04 03 03 03 04

Strathroy‐Caradoc 08 08 07 05 04

Caledon 05 05 05 05 04

Mississauga 02 02 03 03 04

Municipal Financial Indicators 110

Municipal Study 2018

Debt To Reserve RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Pickering 06 04 04 05 04

London 09 07 06 05 05

Grey Highlands 03 03 02 04 05

Windsor 06 06 05 05 05

Ingersoll 15 19 11 08 05

Brockton 05

Saugeen Shores 07 07 07 06 05

Greater Sudbury 02 02 05 05 05

Cambridge 03 03 03 04 05

Hamilton 06 06 06 07 06

Guelph 06 05 05 07 06

King 12 08 10 08 06

Lambton Shores 21 14 10 08 06

Meaford 16 13 11 08 06

Chatham‐Kent 10 08 07 06

Oakville 03 02 07 06 06

Halton Hills 12 15 11 08 06

Newmarket 10 10 10 08 06

Collingwood 11 12 09 09 06

Norfolk 05 07

Burlington 07 07 06 08 07

Erin 06 05 08 07

Milton 07 06 06 04 07

Owen Sound 08 06 06 08 07

Brantford 08

Parry Sound 08 08 08 08

Innisfil 09 08 08 11 08

Espanola 12 08

St Marys 11 08 08 09

Cornwall 05 05 05 08 09

Mapleton 05 06 09

Brant County 13 08 08 07 09

Tay 09

Centre Wellington 11 11 09 09

North Stormont 11 09

Bracebridge 07 06 08 06 10

Municipal Financial Indicators 111

Municipal Study 2018

Debt To Reserve RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Minto

Oshawa

Peterborough

Guelph‐Eramosa

North Perth

Middlesex Centre

Huntsville

North Bay

St Thomas

Kitchener

Kingston

Port Colborne

Welland

Orangeville

Belleville

Gravenhurst

Whitchurch ‐ Stouffville

Waterloo

Thunder Bay

St Catharines

Toronto

Timmins

Stratford

Brockville

Tillsonburg

Barrie

Greenstone

Prince Edward County

Bancroft

Quinte West

Ottawa

Pelham

20

08

26

19

28

08

25

13

20

36

20

24

16

13

15

13

19

09

33

22

30

42

58

31

17

58

13

08

22

09

24

14

23

08

20

13

10

20

21

15

24

13

12

17

13

20

07

30

23

25

40

50

29

20

49

17

09

15

10

10

20

20

20

23

06

18

13

07

20

14

19

24

13

13

18

21

22

16

31

21

30

32

35

22

26

52

18

13

13

10

14

14

15

17

16

06

16

12

07

16

10

18

20

14

17

20

18

21

23

27

26

31

30

32

21

32

50

37

10

10

11

12

12

12

13

13

13

13

14

14

14

14

15

16

16

16

18

19

21

22

22

24

25

27

30

30

31

31

43

164

Average

Median

11

08

11

08

10

08

10

07

10

06

Municipal Financial Indicators 112

Municipal Study 2018

Debt To Reserve RatiomdashTrend (contrsquod)

Municipality

Region Durham

Region Halton

District Muskoka

Region Peel

Region Niagara

Region York

Region Waterloo

2013

03

04

12

10

08

17

20

2014

03

04

11

10

10

17

23

2015

02

04

09

09

11

15

25

2016

01

03

07

09

12

14

24

2017

01

03

06

08

12

13

23

Average

Median

11

10

11

10

11

09

10

09

09

08

Grey County

Simcoe County

Elgin County

Wellington County

Dufferin County

Bruce County

05

01

03

08

04

13

12

00

02

05

05

09

10

00

01

03

04

07

08

Average

Median

05

05

07

06

05

05

04

03

Municipal Financial Indicators 113

Municipal Study 2018

Debt Outstanding per $100000 of Unweighted AssessmentmdashTrend

Municipality 2013 2014 2015 2016 2017

East Gwillimbury 1$ 1$ 0$ ‐$

Kenora 555$ 489 $ ‐$

Richmond Hill ‐$

Whitby ‐$

Wilmot 2$ ‐$

Tiny 1$

Puslinch 24 $ 18$ 12 $ 6$

West Lincoln 3$ 22 $ 17 $ 13 $

Markham 18 $ 22 $ 20$ 17 $ 14$

Wainfleet 42 $ 35 $ 26$ 17 $ 17 $

Wellesley 38 $ 27 $ 16$ 45 $ 36$

Thorold 108$ 98 $ 88$ 63 $ 54$

Niagara‐on‐the‐Lake 103 $ 80 $ 98$ 79 $ 60$

Brock 95 $ 86 $ 77 $ 68$ 60$

Vaughan 113$ 99 $ 75 $ 66$ 66$

North Dumfries 116 $ 102 $ 88$ 74$

Caledon 144$ 119 $ 98$ 95 $ 74$

Woolwich 125 $ 114 $ 104$ 92 $ 82 $

Grimsby 1$ 0$ 2$ 92 $

Brampton 119 $ 108 $ 97 $

Mississauga 42 $ 64 $ 84$ 95 $ 103 $

North Middlesex 207 $ 152 $ 109 $

Penetanguishene 118 $

Clarington 190$ 217 $ 181 $ 149 $ 130$

Springwater 207$ 242 $ 216 $ 188 $ 135 $

Lincoln 112$ 91 $ 99 $ 170$ 138 $

Georgina 238$ 208 $ 182 $ 182 $ 150$

Kincardine 170 $ 237 $ 201 $ 159 $

Sarnia 420$ 361 $ 283 $ 237 $ 172 $

Erin 121$ 100$ 196 $ 172 $

King 345$ 274 $ 296 $ 233 $ 178 $

Pickering 144$ 149 $ 123 $ 144$ 185 $

Sault Ste Marie 227 $ 175 $ 145 $ 122 $ 196 $

Newmarket 362$ 319 $ 281 $ 238 $ 198 $

Huntsville 312 $ 283 $ 256 $ 234$ 207 $

Grey Highlands 13$ 113 $ 93 $ 168 $ 212 $

Municipal Financial Indicators 114

Municipal Study 2018

Debt Outstanding per $100000 of Unweighted AssessmentmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Oakville 135 $ 108 $ 275 $ 238 $ 213 $

Burlington 219 $ 212 $ 210 $ 252 $ 221 $

Milton 212 $ 169 $ 234 $ 192 $ 225 $

Halton Hills 279 $ 370 $ 321 $ 279 $ 226 $

Fort Erie 347 $ 299 $ 257 $ 285 $ 233 $

Cambridge 111 $ 97 $ 143 $ 166 $ 240 $

North Stormont 259 $ 242 $

Orillia 533 $ 462 $ 395 $ 329 $ 259 $

Kitchener 481 $ 417 $ 360 $ 310 $ 270 $

Whitchurch ‐ Stouffville 427 $ 1125 $ 376 $ 321 $ 273 $

Wellington North 517 $ 468 $ 367 $ 277 $

Guelph‐Eramosa 221 $ 193 $ 324 $ 278 $

Strathroy‐Caradoc 475 $ 425 $ 367 $ 357 $ 286 $

Innisfil 577 $ 515 $ 471 $ 405 $ 333 $

Bracebridge 206 $ 188 $ 170 $ 156 $ 345 $

Waterloo 445 $ 461 $ 416 $ 373 $ 348 $

Meaford 598 $ 523 $ 455 $ 404 $ 355 $

Brockton 365 $

Ingersoll 547 $ 615 $ 536 $ 464 $ 385 $

Saugeen Shores 625 $ 550 $ 487 $ 448 $ 397 $

Oshawa 570 $ 563 $ 507 $ 485 $ 405 $

Mapleton 147$ 225 $ 421 $

Lambton Shores 740 $ 656 $ 586 $ 509 $ 431 $

Greater Sudbury 245 $ 201 $ 520 $ 491 $ 442 $

Elliot Lake 197 $ 164 $ 618 $ 556 $ 492 $

Windsor 735 $ 2773 $ 642 $ 584 $ 527 $

Centre Wellington 761 $ 688 $ 605 $ 531 $

Guelph 659 $ 554 $ 480 $ 738 $ 566 $

Gravenhurst 758 $ 707 $ 658 $ 618 $ 569 $

Middlesex Centre 921 $ 808 $ 712 $ 624 $ 573 $

Hamilton 677 $ 749 $ 637 $ 725 $ 598 $

Tillsonburg 819 $ 725 $ 649 $ 618 $ 610 $

North Perth 1078 $ 855 $ 727 $ 620 $

Norfolk 642 $

Collingwood 1077 $ 1045 $ 915 $ 818 $ 688 $

Chatham‐Kent ‐$ 1110 $ 977 $ 845 $ 710 $

Municipal Financial Indicators 115

Municipal Study 2018

Debt Outstanding per 100000 of Unweighted AssessmentmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

London

Brantford

Haldimand

St Catharines

Tay

Orangeville

Brant County

Minto

Prince Edward County

Toronto

Welland

St Thomas

North Bay

Owen Sound

St Marys

Cornwall

Brockville

Pelham

Port Colborne

Peterborough

Ottawa

Espanola

Timmins

Barrie

Bancroft

Stratford

Belleville

Thunder Bay

Parry Sound

Kingston

Quinte West

Greenstone

1052 $

595 $

625 $

782 $

1110 $

935 $

1287 $

727 $

1364 $

1100 $

802 $

978 $

234 $

1199 $

1528 $

555 $

1807 $

2300 $

1139 $

2109 $

1914 $

936 $

3515 $

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

973

573

636

865

686

1002

929

1217

659

1214

953

1426

706

1021

266

559

1185

1362

501

1744

2061

1028

1984

2078

1813

1054

3242

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

910

642

786

596

779

840

889

957

1150

576

1369

819

1288

729

875

364

766

1296

1311

1556

1027

1666

2255

1587

1941

1909

1989

1505

2979

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

799

676

771

511

700

1018

791

917

1092

586

1189

1214

1153

1176

1195

887

670

1428

1307

1648

1706

2019

2003

1979

2111

1791

2169

2913

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

740

755

759

759

789

806

846

851

966

974

1011

1036

1064

1066

1155

1181

1202

1246

1337

1414

1473

1490

1542

1589

1656

1774

1821

1926

1967

2226

2303

2555

Average

Median

616 $

507 $

$

$

608

462

$

$

590

461

$

$

602

404

$

$

579

351

Municipal Financial Indicators 116

Municipal Study 2018

Debt Outstanding per 100000 of Unweighted AssessmentmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Region Durham

Region Halton

District Muskoka

Region Peel

Region Niagara

Region Waterloo

Region York

291 $

319 $

377 $

782 $

488 $

698 $

1261 $

297 $

307 $

710 $

552 $

955 $

1339 $

249 $

315 $

315 $

642 $

623 $

926 $

1333 $

193 $

292 $

294 $

633 $

607 $

948 $

1261 $

119 $

245 $

266 $

556 $

619 $

918 $

1167 $

Average

Median

602 $

488 $

693 $

631 $

629 $

623 $

604 $

607 $

556 $

556 $

Elgin County

Dufferin County

Grey County

Simcoe County

Wellington County

Bruce County

242 $

79 $

227 $

20 $

48 $

208 $

204 $

86 $

201 $

13 $

39 $

190 $

190 $

‐$

‐$

10 $

32 $

158 $

161 $

Average

Median

242 $

242 $

131 $

141 $

120 $

138 $

60 $

21 $

Municipal Financial Indicators 117

Municipal Study 2018

Taxes Receivable as a of Taxes Levied

This ratio is a strong indicator of the strength of a local economy and the ability of residents to pay their annual taxes This is calculated using Schedule 72A of the Financial Information Returns

Formula

Taxes Receivable

Taxes Levied

Target

Credit Rating agencies consider over 8 a negative factor

Interpretations

If this percentage increases over time it may indicate a decline in the municipalityrsquos economic health

Taxes Receivable as a of Tax LeviedmdashBy Location

Taxes Receivables

SimcoeMuskDuff

North

Eastern

NiagaraHamilton

Southwest

GTA

Municipal Financial Indicators 118

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location

Municipality 2013 2014 2015 2016 2017

Mississauga

Newmarket

Burlington

Oshawa

Milton

Oakville

Markham

Halton Hills

Toronto

Clarington

Whitby

Brampton

Vaughan

Richmond Hill

Caledon

Brock

East Gwillimbury

Georgina

Pickering

Whitchurch ‐ Stouffville

King

26

40

31

26

37

38

54

60

41

54

48

60

75

00

79

123

91

76

84

74

143

27

34

33

18

45

35

49

52

43

48

45

62

51

68

106

75

79

73

75

151

27

32

28

22

32

38

46

46

40

46

44

51

53

53

87

67

65

76

84

151

23

27

28

18

34

37

42

41

42

43

39

45

47

51

55

74

58

62

75

82

118

21

23

26

28

35

36

38

40

40

45

46

50

50

54

55

67

68

70

77

80

119

GTA Average

GTA Median

60

57

58

51

55

46

49

44

51

46

Municipal Financial Indicators 119

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location (contrsquod)

Municipality 2013 2014 2015 2016 2017

Kingston 36 29 29 23 21

Peterborough 36 37 32 23 23

Belleville 27 35 26 28 28

Cornwall 40 34 36 36 42

Ottawa 35 43 47 50 52

Prince Edward County 117 109 98 105 86

Quinte West 76 79 57 65 90

North Stormont 00 00 00 119 99

Brockville 49 55 75 84 104

Bancroft 166

Eastern Average 46 47 44 59 71

Eastern Median 36 37 36 50 69

Municipality 2013 2014 2015 2016 2017

Niagara‐on‐the‐Lake

St Catharines

Lincoln

Pelham

Fort Erie

Grimsby

Welland

Port Colborne

Wainfleet

Hamilton

Thorold

West Lincoln

71

61

92

81

109

00

125

118

85

85

141

58

62

74

72

100

66

124

58

114

86

61

164

48

64

82

77

91

54

140

59

95

84

73

148

31

55

60

71

83

61

104

58

76

81

59

94

30

51

52

55

60

64

64

72

73

74

99

102

NiagaraHamilton Average

NiagaraHamilton Median

88

86

80

72

84

79

69

64

66

64

Municipal Financial Indicators 120

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location (contrsquod)

Municipality 2013 2014 2015 2016 2017

Kenora 19 23 15 13 10

Greater Sudbury 28 23 25 24 30

Parry Sound 68 67 46 34

North Bay 42 48 45 40 45

Thunder Bay 63 54 71 63 58

Espanola 52 73

Elliot Lake 34 38 42 42 79

Timmins 66 72 65 60 79

Greenstone 182 183 186 162 129

Sault Ste Marie 128 117 110 150 195

North Average 70 69 68 67 73

North Median 53 54 58 46 65

Municipality 2013 2014 2015 2016 2017

Orangeville

Barrie

Penetanguishene

Gravenhurst

Collingwood

Bracebridge

Tiny

Orillia

Innisfil

Springwater

Tay

Huntsville

52

60

137

79

130

109

90

125

141

30

63

115

85

122

114

95

117

154

19

59

88

72

103

100

102

102

157

20

50

67

61

79

81

91

90

129

11

50

59

65

73

76

83

84

85

86

92

125

SimcoeMuskDuff Average

SimcoeMuskDuff Median

103

109

99

114

89

100

74

79

74

79

Municipal Financial Indicators 121

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location (contrsquod)

Municipality 2013 2014 2015 2016 2017

Sarnia

North Perth

London

Guelph

Tillsonburg

Wilmot

Ingersoll

Stratford

Brantford

Wellesley

Woolwich

Brant County

Centre Wellington

St Marys

Puslinch

Kitchener

Brockton

Waterloo

Chatham‐Kent

North Middlesex

Kincardine

Middlesex Centre

Strathroy‐Caradoc

Saugeen Shores

Owen Sound

Cambridge

St Thomas

Lambton Shores

Meaford

Guelph‐Eramosa

North Dumfries

Wellington North

Windsor

Norfolk

Erin

Minto

Mapleton

Grey Highlands

50

25

16

16

39

41

60

51

39

54

70

57

67

53

83

48

47

90

27

85

62

98

142

23

21

19

44

47

51

48

38

42

52

55

48

52

62

48

68

67

54

81

47

40

91

21

80

79

72

60

87

97

131

104

69

146

19

26

19

22

39

33

49

44

31

46

45

48

49

46

52

49

48

69

54

59

57

45

26

74

34

82

81

66

63

75

86

108

98

63

159

15

27

26

25

30

28

45

41

37

26

48

44

45

45

23

55

39

47

60

63

61

60

44

50

73

67

79

71

67

65

78

84

83

86

83

161

16

18

20

22

26

26

35

36

37

37

38

38

40

40

43

43

44

47

48

49

50

51

53

54

55

58

60

61

61

63

63

79

83

85

86

87

101

158

Southwest Average

Southwest Median

57

53

62

54

58

49

58

50

53

49

Municipal Financial Indicators 122

Municipal Study 2018

Rates Coverage Ratio

The Rates Coverage Ratio provides a measure of the municipalityrsquos ability to cover its costs through its

own sources of revenue According to the Ministry of Municipal Affairs and Housing a basic target is 40‐60 an intermediate is 60‐90 and an advanced target is 90 or greater

OSR as a of Total

Municipality Expenditures

Cornwall 620

St Thomas 626

Parry Sound 631

Wellesley 654

Norfolk 659

Milton 677

Bancroft 692

Peterborough 712

Greater Sudbury 743

Windsor 743

Brantford 745

Elliot Lake 757

Gravenhurst 757

North Stormont 776

Wilmot 777

Chatham‐Kent 781

Hamilton 791

Stratford 805

Tiny 808

Ottawa 808

Erin 814

Timmins 816

Toronto 825

London 834

Huntsville 836

Grey Highlands 841

North Dumfries 842

Prince Edward County 844

Tay 847

Brockton 854

Greenstone 854

Minto 855

Espanola 857

Puslinch 866

Kingston 874

Port Colborne 878

OSR as a of Total

Municipality Expenditures

Brampton 882

Guelph‐Eramosa 883

Halton Hills 890

Woolwich 897

Guelph 898

Bracebridge 899

Springwater 907

Clarington 909

Saugeen Shores 909

Lambton Shores 911

Kenora 912

Thunder Bay 912

Lincoln 913

Haldimand 916

Brock 919

Centre Wellington 923

Owen Sound 924

Markham 924

Vaughan 925

Barrie 927

Sault Ste Marie 929

North Bay 932

Grimsby 936

Pelham 938

Oakville 942

Mississauga 944

North Middlesex 950

Quinte West 956

Wellington North 958

Georgina 962

Waterloo 963

St Catharines 967

Newmarket 969

Whitchurch ‐ Stouffville 973

Brockville 973

Burlington 986

Municipal Financial Indicators 123

Municipal Study 2018

Rates Coverage Ratio Contrsquod

Municipality

OSR as a of Total

Expenditures

Pickering 987

Richmond Hill 990

Welland 998

Tillsonburg 1005

Thorold 1017

Cambridge 1022

Mapleton 1022

St Marys 1023

Belleville 1024

Penetanguishene 1024

Middlesex Centre 1028

Kincardine 1032

Sarnia 1036

Ingersoll 1038

Collingwood 1044

Oshawa 1045

Niagara‐on‐the‐Lake 1047

Kitchener 1047

King 1055

Caledon 1059

Fort Erie 1062

Orillia 1071

Wainfleet 1072

Brant County 1080

Innisfil 1092

East Gwillimbury 1093

Orangeville 1096

Meaford 1140

Strathroy‐Caradoc 1146

North Perth 1172

Whitby 1181

West Lincoln 1497

Average 921

Median 923

Municipality

OSR as a of Total

Expenditures

Region Niagara

Region Peel

Region Waterloo

District Muskoka

Region York

Region Durham

Region Halton

678

699

744

811

827

844

877

Average

Median

Simcoe County

Grey County

Wellington County

Dufferin County

Bruce County

Elgin County

783

811 3

509

580

581

647

652

654

Average

Median

604

614

Municipal Financial Indicators 124

Page 2: 2018 Final Report v8 - Stratford

540

Table of Contents

EXECUTIVE SUMMARY

1 INTRODUCTION

2 SOCIO‐ECONOMIC INDICATORS

3 FINANCIAL INDICATORS

4 REVENUEEXPENDITURE ANALYSIS

5 SELECT USER FEES amp REVENUE INFORMATION

6 TAX POLICIES

7 COMPARISON OF RELATIVE TAXES

8 COMPARISON OF WATERSEWER COSTS

9 AVERAGE MUNICIPAL BURDEN AS A OF INCOME

10 ECONOMIC DEVELOPMENT PROGRAMS

Municipal Study 2018

1

6

62

125

241

273

283

380

452

467

397

Municipal Study 2018

Executive SummarymdashCity of Stratford

Socio‐Economic Factors

Socio‐economic indicators describe and quantify a municipalityrsquos wealth and economic conditions and

provide insight into a municipalityrsquos collective ability to generate revenue relative to the municipalitys demand for public services An evaluation of socio‐economic factors contributes to the development of

sound financial policies An examination of local economic and demographic characteristics can identify the following situations

Changes in the tax base as measured by population property value employment or business activity

A need to shift public service priorities because of demographic changes in the municipality

A need to shift public policies because of changes in economic conditions

Socio‐Economic Factors Stratford Total Survey Average Southwest

2018 Population Density per sq km

2011‐2016 Population Increase

2017 Building Construction Value per Capita

2018 Estimated Average Household Income

2018 Weighted Median Value of Dwelling

2018 Unweighted Assessment per Capita

2018 Weighted Assessment per Capita

1165

19

2646$

84065$

272350$

117383$

142680$

547

48

3028$

102194$

340734$

154140$

156898$

439

38

2974$

102001$

302609$

152484$

143624$

Financial Indicators

The Municipal Financial Indicators section of the report includes a number of measures such as the financial

position operating surplus asset consumption ratio reserves debt and taxes receivables

KeyKey financialfinancial indicatorsindicators have been included to help evaluate each municipalityrsquos existing financial condition and to identify future challenges and opportunities A number of Industry recognized indicators that are used by credit rating agencies andor recommended by Government Finance Officersrsquo Association (GFOA) and the Ministry of Municipal Affairs and Housing have been included Indicators related to Sustainability Flexibility and Vulnerability have been included It should be noted that Water and Wastewater indicators have also been included in the WaterWastewater section of the report

The tables on the following page provide highlights from this section of the report

Executive Summary

398

Municipal Study 2018

Sustainability

The ability to provide and maintain service and infrastructure levels without resorting to unplanned increases in rates or cuts to services

2017 Sustainability Indicators Stratford Total Survey Average

Financial Position per Capita

Tax Asset Consumption Ratio

Net Financial Liabilities Ratio

(773) $

386

03

435 $

438

(04)

Vulnerability

Addresses a municipalityrsquos vulnerability to external sources of funding that it cannot control and its exposure to risks

2017 Vulnerability Indicators Stratford Total Survey Average

Reserves

Tax Reserves (less WWW) as of Taxation

Tax Reserves as of Own Source Revenues

Tax Reserves Capita

551

374

923 $

727

523

684 $

Debt

Tax Debt Charges as of Own Source Revenues

Total Debt Outstanding Capita

Tax Debt Outstanding Capita

Debt Outstanding per Own Source Revenue

Debt to Reserve Ratio

64

2082 $

1331 $

747

22

44

731 $

507 $

409

10

Flexibility

The ability to issue debt responsibly without impacting the credit rating Also the ability to generate required revenues

2017 Flexibility Indicators Stratford Total Survey Average

Taxes Receivable as of Taxes Levied

Rates Coverage Ratio

36

805

60

921

Executive Summary

399

Municipal Study 2018

Analysis of Net Municipal Levy Per Capita and Per Assessment

In order to better understand the relative tax position for a municipality another measure that has been included in the study is a comparison of net municipal levies on a per capita and per $100000 basis This measure indicates the total net municipal levy needed to provide services to the municipality This analysis

does not indicate value for money or the effectiveness in meeting community objectives Net municipal expenditures per capita may vary as a result of

Different service levels

Variations in the types of services

Different methods of providing services

Different residentialnon‐residential assessment composition

Varying demand for services

Locational factors

Demographic differences

Socio‐economic differences

Urbanrural composition differences

User fee policies

Age of infrastructure

What is being collected from rates as opposed to property taxes

As such this analysis is not an ldquoapples to applesrdquo comparison of services but rather has been included to provide insight into the net cost of providing municipal services within each municipality Further analysis would be required to determine the cause of the differences across each spending envelope and within

each municipality This analysis was completed using the most current information available ‐ net municipal levies as per the 2018 municipal levy by‐laws and the 2018 estimated populations

2018 Stratford Total Survey Average Southwest

Net Municipal Levy per Capita

Net Municipal Levy per $100000 Unweighted CVA

1701 $

1449 $

1527 $

1111 $

1497 $

1071 $

User Fees

A number of user fees have been included in the Study including the following

2018 Fees Stratford Total Survey Average Southwest

Development Charges ‐ Single Detached

Residential Building Permit Fee

13951 $

2013 $

33411 $

2270 $

20235 $

2081 $

Executive Summary

400

Municipal Study 2018

Comparison of Tax Ratios

Tax ratios reflect how a property class tax rate compares to the residential rate Changes in tax ratios affect

the relative tax burden between classes of properties Tax ratios can be used to prevent large shifts of the tax burden caused by relative changes in assessment among property classes as well as to lower the tax

rates on a particular class or classes

2018 Tax Ratios Stratford Total Survey Average

Multi‐Residential 20000 17902

Commercial (Residual) 19759 16871

Industrial (Residual) 27584 21826

Taxes and Comparison of Relative Taxes

The purpose of this section of the report is to undertake ldquolikerdquo property comparisons across each municipality and across various property types In total there are 12 property types in the residential multi ‐residential commercial and industrial classes There are many reasons for differences in relative tax

burdens across municipalities and across property classes including but not limited to

Differences in values of like properties

Differences in the tax ratios and the use of optional classes

Non‐uniform education tax rates in the non‐residential classes

Level of service provided and the associated costs

Extent to which a municipality employs user fees

Access to other sources of revenues such as dividends from hydro utilities and casino revenues

2018 Property Taxes Stratford Total Survey Average Southwest

Detached Bungalow

2 Storey Home

Senior Executive Home

Walk Up Apartment (per Unit)

MidHigh Rise (per Unit)

Neigh Shopping (per sq ft)

Office Building (per sq ft)

Hotels (per Suite)

Motels (per Suite)

Industrial Standard (per sq ft)

Industrial Large (per sq ft)

Industrial Vacant Land (per Acre)

$

$

$

$

$

$

$

$

$

$

$

$

3526

5558

6425

1856

2177

198

319

2322

1266

137

056

1321

3397 $

4524 $

6286 $

1382 $

1715 $

363 $

304 $

1602 $

1240 $

167 $

111 $

3673 $

3093 $

4322 $

6004 $

1377 $

1771 $

333 $

297 $

1521 $

1296 $

142 $

086 $

2007 $

Executive Summary

401

Municipal Study 2018

Comparison of Water and Sewer User Costs

A comparison was made of watersewer costs in each municipality The following table summarizes the costs in the municipality for water and sewer on typical annual consumption against the overall survey average

2018 WaterSewer Cost of Service Stratford

Total Survey Average Southwest

Residential ‐ 200 m3

Commercial ‐ 10000 m3

Industrial ‐ 30000 m3

Industrial ‐ 100000 m3

Industrial ‐ 500000 m3

$

$

$

$

$

772

27162

80845

268568

1341044

1074 $

36054 $

102824 $

334031 $

1647471 $

1135 $

36709 $

104178 $

331985 $

1676956 $

2018 Property Taxes and WaterWastewater Costs as a of Income

This section of the report provides a comparison of the availability of gross household income to fund municipal services on a typical household This provides a measure of affordability within each community

2018 Affordability Indicators Stratford Total Survey Average Southwest

Property Taxes as a of Household Income

WaterSewer + Taxes as a of Household Income

45 38

54 49

36

48

Economic Development Programs

A summary was completed of programs that municipalities have implemented to promote economic

development in the areas of retention and expansion downtown development and brownfield

redevelopment

Executive Summary

1

Municipal Study 2018

Executive Summary

Municipal Study 2018

SECTION 1 Introduction

Since 2000 BMA Management Consulting Inc has annually completed a municipal comparative study on behalf of participating Ontario municipalities The Executive Summary provides an overview of the analysis

contained in the comprehensive report

The study identifies both key quantifiable indicators and selective environmental factors that should be considered as part of a comprehensive evaluation of a local municipalityrsquos financial condition Use of the study over a number of years provides trends to allow decision makers to monitor selected indicators over

time Trend analysis helps to provide interpretative context In addition context can be provided by

comparing a municipalityrsquos own experience with the experience of other municipalities

108 Ontario municipalities representing in excess of 85 of the population

Number of Populations Municipalities 100000 or greater 26

30000 ‐ 99999 27

15000 ‐ 29999 24

0 ‐ 14999 31

Total 108

The analysis was completed using the most recent information available as provided by the participating municipalities including

2018 Current Value Assessment

2018 Tax Policies

2018 Levy By‐laws

2018 Development Charges

2018 WaterSewer Rates

2017 FIRs

2018 User Fees

Economic Development Programs

Executive Summary 2

Municipal Study 2018

2018 Municipalities Included in the Study

The following provides a summary of the municipalities participating by population range

Populations 15000 or less

Populations 15000 ndash 29999

Populations 30000 ndash 99999

Populations gt100000

Bancroft

Brock

Brockton

Central Elgin

Elliot Lake

Erin

Espanola

Gravenhurst

Greenstone

Grey Highlands

Guelph‐Eramosa

Ingersoll

Kincardine

Lambton Shores

Mapleton

Meaford

Minto

North Dumfries

North Middlesex

North Perth

North Stormont

Parry Sound

Penetanguishene

Puslinch

Saugeen Shores

St Marys

Tay

Tiny

Wainfleet

Wellesley

Wellington North

Bracebridge

Brockville

Centre Wellington

Collingwood

East Gwillimbury

Grimsby

Huntsville

Kenora

King

Lincoln

Middlesex Centre

Midland

Niagara‐on‐the‐Lake

Owen Sound

Pelham

Port Colborne

Prince Edward County

Springwater

Strathroy‐Caradoc

Thorold

Tillsonburg

West Lincoln

Wilmot

Woolwich

Barrie

Brampton

Brantford

Burlington

Cambridge

Chatham‐Kent

Durham Region

Greater Sudbury

Guelph

Halton Region

Hamilton

Kingston

Kitchener

London

Markham

Milton

Mississauga

Niagara Region

Oakville

Oshawa

Ottawa

Peel Region

Richmond Hill

Simcoe County

St Catharines

Thunder Bay

Toronto

Vaughan

Waterloo Region

Waterloo

Whitby

Windsor

York Region

Aurora

Belleville

Brant

Bruce County

Caledon

Clarington

Cornwall

Fort Erie

Georgina

Grey County

Haldimand

Halton Hills

Innisfil

Muskoka District

Newmarket

Niagara Falls

Norfolk

North Bay

Orangeville

Orillia

Peterborough

Pickering

Quinte West

Sarnia

Sault Ste Marie

St Thomas

Stratford

Timmins

Welland

Wellington County

Whitchurch‐Stouffville

Executive Summary 3

Municipal Study 2018

SECTION 2 Socio‐Economic Indicators

A complete assessment of a municipalityrsquos financial condition should include consideration of socio‐economic factors Socio‐economic indicators describe and quantify a municipalityrsquos wealth and economic conditions and provide insight into a municipalityrsquos ability to generate revenue relative to the municipalitys demand for public services An evaluation of socio‐economic indicators contributes to the development of sound financial policies

Land Density

Population density indicates the number of residents living in an area (usually measured by square

kilometre) Analysis of density can provide insight into the age of a city growth patterns zoning practices and new development opportunities High population density can indicate whether a municipality may be reaching build‐out as well as service and infrastructure needs such as additional public transit or street

routes The following graph provides a summary of average population density per square kilometre by geographic location

GTA

SimcoeMuskDuff

Southwest

Eastern

NiagaraHamilton

North

Population Density per Sq Km

‐ 200 400 600 800 1000 1200

Executive Summary 4

Municipal Study 2018

Population Growth

The following graph shows the change in population from 2006‐2011 and from 2011‐2016 As shown in the graph the GTA municipalities experienced the largest population percentage growth in both periods

Northern municipalities experienced the lowest percentage of population growth

‐20

00

20

40

60

80

100

2006‐2011 2011‐2016

Household Income

Household income is one measure of a communityrsquos ability to pay While a higher relative household income is a positive indicator of the overall local economy it may lead to a greater expectation for quality programs and additional challenges in balancing desired levels of service with a willingness to pay for programs and services The average household income varies by geographic location The average household income in Northern municipalities was $84288 compared with $115474 in the GTA

Eastern

North

SimcoeMuskDuff

NiagaraHamilton

Southwest

GTA

2018 Household Income

$‐ $20000 $40000 $60000 $80000 $100000 $120000 $140000

Executive Summary 5

Municipal Study 2018

Assessment Per Capita

Property assessment is the basis upon which municipalities raise taxes A strong assessment base is critical to a municipalityrsquos ability to generate revenues Assessment per capita statistics have been compared to provide an indication of the ldquorichnessrdquo of the assessment base in each municipality Unweighted assessment provides the actual current value assessment of the properties Weighted assessment reflects the basis upon

which property taxes are levied after applying the tax ratios to the various property classes to the unweighted assessment The average assessment per capita is highest in the GTA and lowest in Northern

municipalities

GTA

SimcoeMuskDuff

Southwest

NiagaraHamilton

Eastern

North

Weighted Assessment per Capita

Unweighted Assessment per Capita

$‐ $50000 $100000 $150000 $200000 $250000

Assessment Change

Assessment growth provides an indication of how the base upon which

taxes are levied is changing over time From 2017mdash2018 the assessment increased by 62 on average across the 108 Ontario municipalities The GTA geographic area experienced the largest

increase at 98

Municipalities Grouped by Location 2014‐2015 2015‐2016 2016‐2017 2017‐2018

Eastern 41 48 24 39

North 56 50 07 41

Southwest 48 45 51 60

SimcoeMuskDuff 35 35 42 65

NiagaraHamilton 42 37 44 70

GTA 64 60 87 98

Executive Summary 6

Municipal Study 2018

Residential Properties

Residential properties were broken down by property type to provide an indication of the housing mix in each municipality The following graph reflects the average assessed values for residential properties by geographic location

Average House Value (000s)

GTA

SimcoeMuskDuff

Southwest

NiagaraHamilton

Eastern

North

$‐ $100 $200 $300 $400 $500 $600

Construction Activity

The three year average of building permits per capita were analyzed to provide a measure of relative building activity in each municipality and across the geographic locations The following reflects the results from 2015‐2017

$‐ $1000 $2000 $3000 $4000

North

Eastern

Southwest

NiagaraHamilton

SimcoeMuskDuff

GTA

Construction per Capita (3 yr avg)

Executive Summary 7

0‐25 20

Municipal Study 2018

SECTION 3 Municipal Financial Sustainability Indicators

The Financial Indicators section of the report includes a number of indicators to assist municipalities in evaluating financial condition A municipalityrsquos financial position is defined as the total fund balances including equity in business government enterprises less the amount to be recovered in future years associated with long‐term liabilities A comparison was made of each municipalityrsquos overall financial position (assets less liabilities) There is a significant range in municipal financial position per capita across

Ontario from a low of negative ($2460) to a high of $4914 per capita The following graph provides the percentage of municipalities that fall within each range

Financial Position Per Capita

less than ‐$1000 12

‐$1000‐$0 13

greater than $1000 25

$0‐$1000 50

Asset Consumption Ratio

The asset consumption ratio reflects the written down value of the tangible capital assets in relation to the

historical costs of the assets This ratio seeks to highlight the aged condition of the assets and the potential asset replacement needs A higher ratio may indicate significant replacement needs However if assets are renewed and replaced in accordance with an asset management plan a high ratio should not be a cause

for concern The following graphs reflect the ratio ranges across the survey for tax water and wastewater assets

Tax Water Wastewater

26‐50 73

51‐75 22

greater than 75 greater than 75 greater than 75 1 11 51‐75 9 0‐25 4

26‐50 70

0‐25 17 51‐75 7

26‐50 75

Executive Summary 8

0‐30 23 40

2‐3 13

Municipal Study 2018

Reserves

Reserves are a critical component of a municipalityrsquos long‐term financing plan The following graphs provide the range of reserves as a percentage of own source revenues for tax supported services water and wastewater The level of reserves required will vary for a number of reasons including

Services provided by the municipality

Age and condition of infrastructure inventory of fleet and vehicles supporting municipal operations

Level of expenditures

Internal debt and reserve policies

Targets ranges established on a reserve by reserve basis

Economic conditions and projections

Tax of OSR Water of OSR WW of OSR

greater than 90 greater than 90

8 0‐30 20 0‐30 27

greater than 90 60‐90 27 43

30‐60 11

30‐60 29

60‐90 8 30‐60 45 60‐90 19

Debt Indicators

Debt indicators can reveal increasing reliance on debt decreasing flexibility sudden large increases or decreases in future debt service and the amount of debt that a community can absorb The following graphs

summarize the debt interest ratio for tax water and wastewater to provide an understanding of the percentage of municipalities within various ranges of the debt interest ratio This ratio indicates the extent

to which a municipalityrsquos operating revenues are committed to interest expenses

Tax Water WW

greater than 3 5

0‐2 9

2‐10 8

0‐2 14

greater than

2‐10 4

0‐1 51

1‐2 31

greater than 10 82 10 83

Executive Summary 9

Municipal Study 2018

Taxes Receivable as a of Taxes Levied

Every year a percentage of property owners is unable to pay property taxes If this percentage increases over time it may indicate an overall decline in the municipalityrsquos economic health Additionally as uncollected property taxes rise liquidity decreases If the percentage of uncollected property taxes increases over time it may indicate an overall decline in the municipalityrsquos economic health The following graph provides a summary of the 2017 taxes receivable as a percentage of taxes levied in each of the geographic areas

Taxes Receivables as Taxes Levied

SimcoeMuskDuff

North

Eastern

NiagaraHamilton

Southwest

GTA

00 20 40 60 80

SECTION 4 Revenue amp Expenditure Analysis

Net Municipal Levy per Capita and per $100000 of assessment

Different service levels

Variations in the types of services

Different methods of providing services

User fee policies

Different assessment composition

Varying demand for services

Locational factors

Demographic differences

Socio‐economic differences

Urbanrural composition differences

Levy per Capita Levy per $100000 of Assesment

Eastern

Southwest

GTA

NiagaraHamilton

SimcoeMuskDuff

North

$‐ $200 $400 $600 $800 $1000 $1200 $1400 $1600 $1800 $2000

An analysis of levy per capita and per $100000 of assessment does not indicate value for money or the effectiveness in meeting

community objectives Municipal levies may vary as a result of

Net municipal levy per capita was calculated using Manifold Data Mining 2018 estimated population and the

2018 municipal levies The net levy on a per capita basis ranged from $1006 to $3038 (with an average of $1527 per capita) Net levy per $100000 of assessment is also provided The net levy on a per $100000 of unweighted assessment basis ranged across the municipalities from $538 to $2328 (with an average of $1111 per $100000 of assessment)

Executive Summary 10

Municipal Study 2018

SECTION 5 Select User Fee and Revenue Information

The Select User Fee and Revenue Information section of the report includes development charges building

permit fees tipping fees and transit fares

Development Charges

The recovery of costs by Ontario municipalities for capital infrastructure required to support new growth is governed by the Development Charges Act (1997) and supporting regulations The following table

summarizes the 2018 development charges Note some municipalities do not charge development charges

Non‐

Apartment Apartment Non‐Residential Residential 2018 Development Multiples units gt=2 units lt 2 (per Commercial (per Industrial

Charges Residential Dwelling 3+ (per unit) unit) sqft) (per sqft)

North $ 13789 7645 $ 6624 $ 6624 $ 761 $ 463 $

Eastern $ 15360 11682 $ 9562 $ 7374 $ 917 $ 543 $

Southwest $ 20235 15639 $ 12058 $ 10239 $ 795 $ 627 $

SimcoeMuskDuff $ 25843 21705 $ 16842 $ 13480 $ 920 $ 731 $

NiagaraHamilton $ 27231 19513 $ 18055 $ 11481 $ 1640 $ 854 $

GTA $ 72422 59269 $ 43903 $ 32204 $ 4265 $ 2132 $

SECTION 6 Tax Policies

The relative tax burden in each class of property will be impacted by the type of tax policies implemented in each municipality As such an analysis of the 2018 tax policies that impact the relative tax position was completed The following table summarizes the range of 2018 tax ratios across the survey

2018 Tax Ratios Average Median Min Max

Multi‐Residential 17902 18831 10000 26342

Commercial 16871 16929 11000 28476

Industrial 21826 22150 11000 47186

Executive Summary 11

Municipal Study 2018

SECTION 7 Comparison of Relative Taxes

Like property comparisons were undertaken on 12 property types that were of most interest to the participating municipalities In order to calculate the relative tax burden of ldquolikerdquo properties every effort was

made to hold constant those factors deemed to be most critical in determining a propertyrsquos assessed value There are many reasons for differences in relative tax burdens across municipalities and across property

classes These include but are not limited to the following

The values of like properties vary significantly across municipalities

The tax ratios in each class and the use of optional classes

Non‐uniform education tax rates in the non‐residential classes

Tax burdens across municipalities also vary based on the level of service provided and the associated costs

of providing these services

Extent to which a municipality employs user fees or has access to other sources of revenues such as dividends from hydro utilities gaming amp casino revenues

Residential Detached Senior Industrial Standard per Vacant Land Properties Bungalow 2 Storey Executive Properties sqft Large per sqft per acre

North $ 3153 $ 4817 6570 $ North 190 $ 100 $ 2609 $

Eastern $ 3185 $ 4401 6273 $ Eastern 148 $ 119 $ 2579 $

Southwest $ 3093 $ 4322 6004 $ Southwest 142 $ 086 $ 2007 $

SimcoeMuskDuff $ 3014 $ 4037 5703 $ SimcoeMuskDuff 131 $ 103 $ 1949 $

NiagaraHamilton $ 3518 $ 4693 6328 $ NiagaraHamilton 188 $ 090 $ 3669 $

GTA $ 4188 $ 4955 6859 $ GTA 219 $ 158 $ 8602 $

Survey Average $ 3397 $ 4524 6286 $ Survey Average 167 $ 111 $ 3673 $

Survey Median $ 3345 $ 4636 6223 $ Survey Median 169 $ 108 $ 2106 $

Neigh Multi‐Residential High Rise per Commercial Shopping per Hotel per Motel per Properties Walk Up per Unit Unit Properties Office per sqft sqft suite suite

North 1329 $ 1636 $ North 301 $ 335 $ 1417 $ 1270 $

Eastern 1561 $ 2091 $ Eastern 318 $ 399 $ 1902 $ 1420 $

Southwest 1377 $ 1771 $ Southwest 297 $ 333 $ 1521 $ 1296 $

SimcoeMuskDuff 1026 $ 1615 $ SimcoeMuskDuff 278 $ 328 $ 1848 $ 1094 $

NiagaraHamilton 1618 $ 1752 $ NiagaraHamilton 280 $ 387 $ 1870 $ 1117 $

GTA 1401 $ 1544 $ GTA 341 $ 421 $ 1417 $ 1208 $

Survey Average 1382 $ 1715 $ Survey Average 304 $ 363 $ 1602 $ 1240 $

Survey Median 1365 $ 1744 $ Survey Median 305 $ 374 $ 1467 $ 1208 $

Executive Summary 12

Municipal Study 2018

SECTION 8 Comparison of WaterSewer Costs

The establishment of water and sewer rates is a municipal responsibility and the absence of standard procedures across Ontario has resulted in the evolution of a great variety of rate structure formats There was considerable diversity across the survey in terms of the costs of watersewer and how services are

charged

Residential Commercial Industrial Industrial Industrial

Volume 200 m3

10000 m3 30000 m3

100000 m3 500000 m3

Meter Size 58 2 3 4 6

Average 1074 $ 36054 $ 102824 $ 334031 $ $ 1647471

Median 1038 $ 33087 $ 96928 $ 313040 $ $ 1541796

Min 463 $ 9626 $ 22026 $ 89898 $ 370994 $

Max 2090 $ 86527 $ 186000 $ 620000 $ $ 3100000

SECTION 9 Property Taxes and WaterWastewater as a of Income

A comparison was made of relative property tax burdens and watersewer costs on comparable properties

against the median household incomes The report also calculates the total municipal tax burden as a percentage of income available on an average household

Total Municipal Burden as a of Household Income

GTA 45

Southwest 48

North 49

NiagaraHamilton 51

SimcoeMuskDuff 54

Eastern 55

SECTION 10 Economic Development Programs

Business Retention amp Expansion Programs

DowntownArea Specific Programs

Brownfield Redevelopment

Executive Summary 13

Municipal Study 2018

IntroductionmdashMunicipal Study 2018

1

Municipal Study 2018

Introduction

For the past seventeen years BMA Management Consulting Inc has annually completed a municipal comparative study on behalf of participating Ontario municipalities This report brings together a group of indicators to give an overall snapshot for each municipality The analysis was completed using the most

recent information available as provided by the participating municipalities including

2018 current value assessment

2018 tax policies

2018 levy by‐laws

2018 development charges

2018 watersewer rates

2017 FIRs (as available)

2018 user fees

Economic development programs

To facilitate the analysis given the significant volume of information included in the report the

information is also accessible through BMArsquos online password protected database This provides the

participating municipalities with the ability to select only those municipalities that are of interest and to focus on specific areas of interest The database also provides the ability to analyze trends with data available over a five year period The database can be accessed from the BMA website wwwbmaconsultcom This information can be downloaded from the website into Excel to allow municipalities the ability to track their progress over time and to focus their analysis on specific comparators which can be incorporated into reports and presentations

For more information please feel free to contact

BMA Management Consulting Inc

139 Markland St Hamilton L8P 2K3

Phone (905) 528‐3206

Fax (905) 528‐3210

bmaonaibncom

Contacts Jim Bruzzese or Catherine Minshull

Introduction 2

Municipal Study 2018

Municipal Study Database

Introduction 3

Municipal Study 2018

Why Participate in a Study

The study identifies key financial and economic indicators and factors that should be

considered as part of a comprehensive evaluation of a municipalityrsquos financial condition

Use of the study over a number of years provides trends to allow decision makers to

monitor selected indicators over time Trend analysis helps to provide interpretative context Additional context can come from comparing a municipalityrsquos own experience with the experience of other municipalities While the study includes 108 municipalities it is recommended that the users take advantage of the online database to focus on

similar municipalities

Many of the analytical techniques included in the report are consistent with approaches used by credit

rating agencies and are also used by the International CityCounty Management Association (ICMA) The information contained in this report can help local municipalities analyze and interpret financial economic

and demographic trends Trend analysis is critical to truly understand and evaluate a municipalityrsquos financial condition and to provide early warning signals of potential or emerging financial problems

It is anticipated that the consolidation of the financial and economic indicators contained in the Municipal

Study will achieve the following goals and objectives

To help municipal decision‐makers in assessing market conditions

To understand the unique characteristics of each municipality

To understand the relationship between various controllable and uncontrollable factors in addressing a municipalityrsquos competitive opportunities and challenges

To develop a database of material that can be updated in future years to assess progress and establish targets

To create awareness of the trends and the potential need to modify policies

To assist in aligning municipal decisions in property taxation with other economic development

programs and initiatives

To assist municipalities in developing a long‐term strategy for property taxation to achieve municipal competitive objectives in targeted property classes

To create a baseline source of information that will assist municipalities in addressing specific areas of concern and to gain a better understanding of how other municipalities have addressed similar concerns

To understand the impact of reassessment and growth

To identify areas that may require further review (eg service levels user fees service delivery)

Introduction 4

Municipal Study 2018

Municipalities Represented in the Study

The following summarizes the municipalities by population range

Populations 15000 or less

Populations 15000 ndash 29999

Populations 30000 ndash 99999

Populations gt100000

Bancroft

Brock

Brockton

Central Elgin

Elliot Lake

Erin

Espanola

Gravenhurst

Greenstone

Grey Highlands

Guelph‐Eramosa

Ingersoll

Kincardine

Lambton Shores

Mapleton

Meaford

Minto

North Dumfries

North Middlesex

North Perth

North Stormont

Parry Sound

Penetanguishene

Puslinch

Saugeen Shores

St Marys

Tay

Tiny

Wainfleet

Wellesley

Wellington North

Bracebridge

Brockville

Centre Wellington

Collingwood

East Gwillimbury

Grimsby

Huntsville

Kenora

King

Lincoln

Middlesex Centre

Midland

Niagara‐on‐the‐Lake

Owen Sound

Pelham

Port Colborne

Prince Edward County

Springwater

Strathroy‐Caradoc

Thorold

Tillsonburg

West Lincoln

Wilmot

Woolwich

Barrie

Brampton

Brantford

Burlington

Cambridge

Chatham‐Kent

Durham Region

Greater Sudbury

Guelph

Halton Region

Hamilton

Kingston

Kitchener

London

Markham

Milton

Mississauga

Niagara Region

Oakville

Oshawa

Ottawa

Peel Region

Richmond Hill

Simcoe County

St Catharines

Thunder Bay

Toronto

Vaughan

Waterloo Region

Waterloo

Whitby

Windsor

York Region

Aurora

Belleville

Brant

Bruce County

Caledon

Clarington

Cornwall

Fort Erie

Georgina

Grey County

Haldimand

Halton Hills

Innisfil

Muskoka District

Newmarket

Niagara Falls

Norfolk

North Bay

Orangeville

Orillia

Peterborough

Pickering

Quinte West

Sarnia

Sault Ste Marie

St Thomas

Stratford

Timmins

Welland

Wellington County

Whitchurch‐Stouffville

Introduction 5

Municipal Study 2018

Socio‐Economic Indicators

Socio Economic Indicators 6

Municipal Study 2018

Socio‐Economic Indicators

A complete assessment of local governmentrsquos financial condition should include socio‐economic factors

Socio‐economic indicators describe and quantify a municipalityrsquos wealth and economic conditions and

provide insight into a municipalityrsquos collective ability to generate revenue relative to the municipalitys demand for public services An examination of local economic and demographic characteristics can identify the following situations

A decline in the tax base as measured by population property value employment or business activity

A need to shift public service priorities because demographic changes in the municipality

A need to shift public policies because of changes in economic conditions

An evaluation of socio‐economic factors contributes to the development of sound financial policies The

Socio‐Economic Factors section of the report includes the following information to assist municipalities in understanding some basic facts about each municipality included in the study

Population Statistics (2006‐2018)

Note Manifold Data Mining estimates for 2018 includes the undercount normally 3‐5 of population

Age Demographics

Average Household Income

Land Area and Density

Labour Statistics

Assessment Per Capita

Change in Unweighted Assessment (2013‐2018)

Assessment Composition By Class

Consolidated Unweighted and Weighted Assessment (Residential vs Non‐Residential)

Shift in Tax BurdenmdashUnweighted to Weighted Residential Assessment

Residential Properties by Type

Building Construction Activity (Residential Non‐Residential)

Socio Economic Indicators 7

Municipal Study 2018

Population Statistics 2006‐2018 (sorted highest to lowest population)

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Ottawa 812129 883391 934243 993556 88 58

Toronto 2503281 2615060 2731571 2890660 45 45

Brampton 433806 523911 593638 648883 208 133

Mississauga 668549 713443 721599 772000 67 11

London 352395 366151 383822 406751 39 48

Hamilton 504559 519949 536917 565591 31 33

Vaughan 238866 288301 306233 334499 207 62

Markham 261573 301709 328966 354135 153 90

Windsor 216473 210891 217188 228533 ‐26 30

Kitchener 204668 219153 233222 248635 71 64

Oakville 165613 182520 193832 206478 102 62

Richmond Hill 162704 185541 195022 206889 140 51

Oshawa 141590 149607 159458 170096 57 66

Burlington 164415 175779 183314 193853 69 43

Barrie 128430 135711 141434 149374 57 42

Greater Sudbury 157857 160274 161531 168518 15 08

St Catharines 131989 131400 133113 139152 ‐04 13

Guelph 114943 121688 131794 141485 59 83

Whitby 111184 122022 128377 136235 97 52

Cambridge 120371 126748 129920 136454 53 25

Milton 53889 84362 110128 119498 565 305

Kingston 117207 123363 123798 128937 53 04

Waterloo 97475 98780 104986 111868 13 63

Thunder Bay 109140 108359 107909 112042 ‐07 ‐04

Chatham‐Kent 108177 103671 101647 104889 ‐42 ‐20

Brantford 90192 93650 97496 103036 38 41

Pickering 87838 88721 91771 96747 10 34

Clarington 77820 84548 92013 98976 86 88

Niagara Falls 82184 82997 88071 93786 10 61

Newmarket 74295 79978 84224 89420 76 53

Peterborough 74898 78698 81032 85227 51 30

Sault Ste Marie 74948 75141 73368 75584 03 ‐24

Socio Economic Indicators 8

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod)

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Caledon 57050 59460 66502 72326 42 118

Sarnia 71419 72366 71594 74143 13 ‐11

Halton Hills 55289 59008 61161 64522 67 36

Norfolk 62563 63175 64044 66969 10 14

Welland 50331 50631 52293 55088 06 33

Aurora 47629 53203 55445 58618 117 42

North Bay 53966 53651 51553 52773 ‐06 ‐39

Bellevil le 48821 49454 50716 53277 13 26

Cornwall 45965 46340 46589 48556 08 05

Whitchurch‐Stouffvil le 24390 37628 45837 51571 543 218

Haldimand 45212 44876 45608 47738 ‐07 16

Georgina 42346 43517 45418 48045 28 44

Timmins 42997 43165 41788 42904 04 ‐32

Quinte West 42697 43086 43577 45533 09 11

Innisfi l 31175 33079 36566 39745 61 105

St Thomas 36110 37905 38909 40889 50 26

Stratford 30461 30886 31465 32959 14 19

Brant 34415 35638 36707 38626 36 30

Fort Erie 29925 29960 30710 32254 01 25

Orill ia 30259 30586 31166 32656 11 19

Centre Wellington 26049 26693 28191 29963 25 56

Orangevil le 26925 27975 28900 30450 39 33

King 19487 19899 24512 27703 21 232

Grimsby 23937 25325 27314 29274 58 79

East Gwill imbury 21069 22473 23991 25610 67 68

Woolwich 19658 23145 25006 26819 177 80

Lincoln 21722 22487 23787 25297 35 58

Prince Edward County 25496 25258 24735 25512 ‐09 ‐21

Collingwood 17290 19241 21793 23815 113 133

Owen Sound 21753 21688 21341 22053 ‐03 ‐16

Brockvil le 21957 21870 21346 21987 ‐04 ‐24

Wilmot 17097 19223 20545 21939 124 69

Socio Economic Indicators 9

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod)

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Huntsvil le 18280 19056 19816 20931 42 40

Strathroy‐Caradoc 19977 20978 20867 21656 50 ‐05

Thorold 18224 17931 18801 19925 ‐16 49

Springwater 17456 18223 19059 20178 44 46

Port Colborne 18599 18424 18306 18990 ‐09 ‐06

Niagara‐on‐the‐Lake 14587 15400 17511 19166 56 137

Pelham 16155 16598 17110 18010 27 31

Middlesex Centre 15589 16487 17262 18283 58 47

Bracebridge 15652 15409 16010 16903 ‐16 39

Midland 16330 16572 16864 17661 15 18

Kenora 15177 15348 15096 15597 11 ‐16

Tillsonburg 14822 15301 15872 16749 32 37

Saugeen Shores 11720 12661 13715 14724 80 83

West Lincoln 13167 13837 14500 15363 51 48

Guelph‐Eramosa 12066 13458 12854 13569 115 ‐45

North Perth 12254 12631 13130 13867 31 40

Gravenhurst 11046 11640 12311 13094 54 58

Ingersoll 11760 12146 12757 13529 33 50

Wellington North 11175 11477 11914 12576 27 38

Central Elgin 12723 12743 12607 13056 02 ‐11

Brock 11979 11341 11642 12234 ‐53 27

Tiny 10754 11232 11787 12495 44 49

Wellesley 9789 10713 11260 11944 94 51

Erin 11148 10770 11439 12185 ‐34 62

Meaford 10948 11100 10991 11386 14 ‐10

Kincardine 11173 11174 11389 11935 00 19

Lambton Shores 11150 10656 10631 11049 ‐44 ‐02

Mapleton 9851 9989 10527 11179 14 54

North Dumfries 9063 9334 10215 11012 30 94

Elliot Lake 11549 11348 10741 10930 ‐17 ‐53

Tay 9748 9736 10033 10560 ‐01 31

Grey Highlands 9480 9520 9804 10316 04 30

Socio Economic Indicators 10

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod )

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Brockton 9641 9432 9461 9852 ‐22 03

Penetanguishene 9354 9111 8962 9260 ‐26 ‐16

Minto 8504 8334 8671 9161 ‐20 40

St Marys 6617 6655 7265 7823 06 92

Puslinch 6689 7029 7336 7760 51 44

North Stormont 6769 6775 6873 7189 01 14

Parry Sound 5818 6191 6408 6756 64 35

Wainfleet 6601 6356 6372 6633 ‐37 03

North Middlesex 6740 6658 6352 6484 ‐12 ‐46

Espanola 5314 5364 4996 5051 09 ‐69

Greenstone 4906 4724 4636 4786 ‐37 ‐19

Bancroft 3838 3880 3881 4037 11 00

Survey Total 10293100 10942150 11468780 12177245 63 48

Provincial Total 12851821 13366300 13792052 14125923 40 32

Socio Economic Indicators 11

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod )

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Peel Region 1159405 1296814 1381739 1493209 119 65

York Region 892712 1032249 1109909 1188226 156 75

Durham Region 561258 608124 645862 688082 84 62

Halton Region 439256 501669 548435 584351 142 93

Waterloo Region 478121 507096 535154 568671 61 55

Niagara Region 427421 431346 447888 472938 09 38

Simcoe County 263515 279766 307050 315744 62 98

Wellington County 85482 86672 90932 96393 14 49

Bruce County 60310 60264 68147 71733 ‐01 131

Muskoka District 57563 58047 60599 64144 08 44

Grey County 89073 92568 93830 NA 39 14

Summary of Population Change by Geographic Area

The following table summarizes the average population change in percentage each of the geographic areas

2006‐2011 2011‐2016

10

8

6

4

2

0

‐2

Socio Economic Indicators 12

Municipal Study 2018

GTA Municipalitiesmdash change in population 2006‐2018

1 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006 2011

Change 2011 2016

Mississauga 668549 713443 721599 772000 67 11

Brock 11979 11341 11642 12234 ‐53 27

Pickering 87838 88721 91771 96747 10 34

Halton Hills 55289 59008 61161 64522 67 36

Aurora 47629 53203 55445 58618 117 42

Burlington 164415 175779 183314 193853 69 43

Georgina 42346 43517 45418 48045 28 44

Toronto 2503281 2615060 2731571 2890660 45 45

Richmond Hill 162704 185541 195022 206889 140 51

Whitby 111184 122022 128377 136235 97 52

Newmarket 74295 79978 84224 89420 76 53

Oakville 165613 182520 193832 206478 102 62

Vaughan 238866 288301 306233 334499 207 62

Oshawa 141590 149607 159458 170096 57 66

East Gwillimbury 21069 22473 23991 25610 67 68

Clarington 77820 84548 92013 98976 86 88

Markham 261573 301709 328966 354135 153 90

Caledon 57050 59460 66502 72326 42 118

Brampton 433806 523911 593638 648883 208 133

Whitchurch‐Stouffville 24390 37628 45837 51571 543 218

King 19487 19899 24512 27703 21 232

GTA Average 5424662 5902031 6254654 6678998 88 60

Survey Total 10293100 10942150 11468780 12177245 63 48

Milton 53889 84362 110128 119498 565 305

Socio Economic Indicators 13

Municipal Study 2018

Southwestmdash change in population 2006‐2018 5 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006 2011

Change 2011 2016

North Middlesex 6740 6658 6352 6484 ‐12 ‐46

Guelph‐Eramosa 12066 13458 12854 13569 115 ‐45

Chatham‐Kent 108177 103671 101647 104889 ‐42 ‐20

Owen Sound 21753 21688 21341 22053 ‐03 ‐16

Sarnia 71419 72366 71594 74143 13 ‐11

Central Elgin 12723 12743 12607 13056 02 ‐11

Meaford 10948 11100 10991 11386 14 ‐10

Strathroy‐Caradoc 19977 20978 20867 21656 50 ‐05

Lambton Shores 11150 10656 10631 11049 ‐44 ‐02

Brockton 9641 9432 9461 9852 ‐22 03

Norfolk 62563 63175 64044 66969 10 14

Haldimand 45212 44876 45608 47738 ‐07 16

Stratford 30461 30886 31465 32959 14 19

Kincardine 11173 11174 11389 11935 00 19

St Thomas 36110 37905 38909 40889 50 26

Cambridge 120371 126748 129920 136454 53 25

Windsor 216473 210891 217188 228533 ‐26 30

Grey Highlands 9480 9520 9804 10316 04 30

Brant 34415 35638 36707 38626 36 30

Tillsonburg 14822 15301 15872 16749 32 37

North Perth 12254 12631 13130 13867 31 40

Wellington North 11175 11477 11914 12576 27 38

Minto 8504 8334 8671 9161 ‐20 40

Brantford 90192 93650 97496 103036 38 41

Puslinch 6689 7029 7336 7760 51 44

Middlesex Centre 15589 16487 17262 18283 58 47

London 352395 366151 383822 406751 39 48

Ingersoll 11760 12146 12757 13529 33 50

Mapleton 9851 9989 10527 11179 14 54

Wellesley 9789 10713 11260 11944 94 51

Erin 11148 10770 11439 12185 ‐34 62

Centre Wellington 26049 26693 28191 29963 25 56

Waterloo 97475 98780 104986 111868 13 63

Kitchener 204668 219153 233222 248635 71 64

Wilmot 17097 19223 20545 21939 124 69

Woolwich 19658 23145 25006 26819 177 80

Guelph 114943 121688 131794 141485 59 83

Saugeen Shores 11720 12661 13715 14724 80 83

St Marys 6617 6655 7265 7823 06 92

North Dumfries 9063 9334 10215 11012 30 94

Southwest Average 1912310 1965573 2039804 2153844 28 38

Survey Total 10293100 10942150 11468780 12168981 63 48

Socio Economic Indicators 14

Municipal Study 2018

Easternmdash change in population 2006‐2018

3 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Brockville 21957 21870 21346 21987 ‐04 ‐24

Prince Edward County 25496 25258 24735 25512 ‐09 ‐21

Bancroft 3838 3880 3881 4037 11 00

Kingston 117207 123363 123798 128937 53 04

Cornwall 45965 46340 46589 48556 08 05

Quinte West 42697 43086 43577 45533 09 11

North Stormont 6769 6775 6873 7189 01 14

Belleville 48821 49454 50716 53277 13 26

Peterborough 74898 78698 81032 85227 51 30

Ottawa 812129 883391 934243 993556 88 58

Eastern Average 1199777 1282115 1336790 1413811 69 43

Survey Total 10293100 10942150 11468780 12168981 63 48

NiagaraHamiltonmdash change in population 2006‐2018

2 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Port Colborne 18599 18424 18306 18990 ‐09 ‐06

Wainfleet 6601 6356 6372 6633 ‐37 03

St Catharines 131989 131400 133113 139152 ‐04 13

Fort Erie 29925 29960 30710 32254 01 25

Pelham 16155 16598 17110 18010 27 31

Hamilton 504559 519949 536917 565591 31 33

Welland 50331 50631 52293 55088 06 33

West Lincoln 13167 13837 14500 15363 51 48

Thorold 18224 17931 18801 19925 ‐16 49

Lincoln 21722 22487 23787 25297 35 58

Niagara Falls 82184 82997 88071 93786 10 61

Grimsby 23937 25325 27314 29274 58 79

Niagara‐on‐the‐Lake 14587 15400 17511 19166 56 137

Change 2006‐2011

Change 2011‐2016

NiagaraHamilton Average 931980 951295 984805 1038529 21 35

Survey Total 10293100 10942150 11468780 12168981 63 48

Socio Economic Indicators 15

Municipal Study 2018

Northmdash change in population 2006‐2018

4 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Espanola 5314 5364 4996 5051 09 ‐69

Elliot Lake 11549 11348 10741 10930 ‐17 ‐53

North Bay 53966 53651 51553 52773 ‐06 ‐39

Timmins 42997 43165 41788 42904 04 ‐32

Sault Ste Marie 74948 75141 73368 75584 03 ‐24

Greenstone 4906 4724 4636 4786 ‐37 ‐19

Kenora 15177 15348 15096 15597 11 ‐16

Thunder Bay 109140 108359 107909 112042 ‐07 ‐04

Greater Sudbury 157857 160274 161531 168518 15 08

Parry Sound 5818 6191 6408 6756 64 35

North Average 481672 483565 478026 494941 04 ‐11

Survey Total 10293100 10942150 11468780 12168981 63 48

SimcoeMuskokaDufferinmdash change in population 2006‐2018

6 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Penetanguishene 9354 9111 8962 9260 ‐26 ‐16

Midland 16330 16572 16864 17661 15 18

Orillia 30259 30586 31166 32656 11 19

Tay 9748 9736 10033 10560 ‐01 31

Orangeville 26925 27975 28900 30450 39 33

Bracebridge 15652 15409 16010 16903 ‐16 39

Huntsville 18280 19056 19816 20931 42 40

Barrie 128430 135711 141434 149374 57 42

Springwater 17456 18223 19059 20178 44 46

Tiny 10754 11232 11787 12495 44 49

Gravenhurst 11046 11640 12311 13094 54 58

Innisfil 31175 33079 36566 39745 61 105

Collingwood 17290 19241 21793 23815 113 133

Change 2006‐2011

Change 2011‐2016

SimcoeMuskDuff Avg 342699 357571 374701 397122 43 48

Survey Total 10293100 10942150 11468780 12168981 63 48

Socio Economic Indicators 16

Municipal Study 2018

Population of Ontario Regions 2017 and 2041

The Ministry of Finance produces an updated set of population projections every year to provide a demographic outlook reflecting the most up‐to‐date trends and historical data

Ontariorsquos population is projected to grow by 302 or almost 43 million over the next 24 years from

an estimated 142 million on July 1 2017 to almost 185 million by July 1 2041

The annual rate of growth of Ontariorsquos population is projected to ease gradually from 18 to 09

over the projection period

Net migration is projected to account for 76 of all population growth in the province over the 2017ndash 2041 period with natural increase accounting for the remaining 24 In the second half of the projections the contribution of natural increase moderates as baby boomers increasingly reach senior

years and the number of deaths increases more rapidly

The number of children aged 0ndash14 is projected to increase gradually over the projection period from 22 million in 2017 to 27 million by 2041 The childrenrsquos share of population is projected to decrease gradually from 157 in 2017 to 148 by 2041

The Greater Toronto Area (GTA) is projected to be the fastest growing region of the province with its population increasing by 28 million or 408 to reach almost 97 million by 2041 The GTArsquos share of provincial population is projected to rise from 483 in 2017 to 523 in 2041

Socio Economic Indicators 17

Municipal Study 2018

Age Demographics

The age profile of a population may affect municipal expenditures For example expenditures may be

affected by seniors requiring higher public service costs and families with young children demanding

services for recreational and related programs

By 2041 there will be more people in every age group in Ontario compared to 2017 with a sharp increase in the number of seniors Baby boomers will have swelled the ranks of seniors children of the baby boom echo generation will be of school‐age and the baby boom echo cohorts along with a new generation of immigrants will have bolstered the population aged 15ndash64

The number of seniors aged 65 and over is projected to almost double from about 24 million or 167 of population in 2017 to almost 46 million or 248 by 2041 In 2015 for the first time seniors accounted for a larger share of population than children aged 0ndash14

The number of Ontarians aged 15ndash64 is projected to increase from 96 million in 2017 to 112 million by 2041 This age group is projected to decline as a share of total population from 676 in 2017 to 604 by 2041 As baby boomers continue to turn age 65 the growth in population aged 15ndash64 slows until 2027ndash28 and then accelerates over the remainder of the projection

The median age of Ontariorsquos population is projected to rise from 41 years in 2017 to 44 years in 2041 The median age for women climbs from 42 to 45 years over the projection period while for men it is projected to increase from 40 to 43 years

All regions see a shift to an older age structure The GTA is expected to remain the region with the youngest age structure as a result of strong international migration and positive natural increase

Socio Economic Indicators 18

‐ ‐

Municipal Study 2018

Age Demographics 2016 Stats Canada

Municipality 0 19 20‐44 45 64 65+ Municipality 0 19 20‐44 45‐64 65+

Bancroft 18 22 29 31 Aurora 25 30 32 13

Belleville 21 29 28 21 Brampton 27 36 25 11

Brockville 18 26 30 26 Brock 22 27 31 21

Cornwall 21 28 28 23 Burlington 23 30 28 19

Kingston 20 33 27 19 Caledon 26 29 31 13

North Stormont 24 30 31 14 Clarington 25 33 28 14

Ottawa 23 34 28 15 East Gwillimbury 23 30 32 15 Peterborough 20 31 26 22 Georgina 23 31 32 15 Prince Edward County 16 21 33 30 Halton Hills 26 29 31 13 Quinte West 22 28 30 19 King 25 29 31 15

Eastern Avg 20 28 29 22 Markham 23 32 29 15

Provincial Average 22 32 28 17 Milton 32 37 22 9

Mississauga 24 33 29 14

Newmarket

Oakville

25

27

31

29

31

30

14

15 Fort Erie 19 24 33 24

Oshawa 22 32 29 17 Grimsby 23 29 29 19

Pickering 23 31 31 15 Hamilton 22 32 28 17

Richmond Hill 24 31 31 15 Lincoln 23 27 28 21

Toronto 20 38 27 16 Niagara Falls 21 29 30 20

Vaughan 26 32 28 14 Niagara‐on‐the‐Lake 16 21 32 31

Whitby 27 32 29 13 Pelham 21 23 32 24

Whitchurch‐Stouffville 26 32 26 16 Port Colborne 19 25 32 25

St Catharines 20 31 28 22 GTA Avg 25 31 29 15

Thorold 22 33 29 16 Provincial Average 22 32 28 17

Wainfleet 22 25 34 18

Municipality 0 19 20‐44 45‐64 65+

Welland 20 29 29 21

West Lincoln 27 29 29 15

NiagaraHamilton Avg 21 27 30 21

Provincial Average 22 32 28 17

SourcemdashStats Canada Census 2016

Socio Economic Indicators 19

Elliot Lake 14 18 30 38

Espanola 19 27 32 22

Greater Sudbury 21 31 29 18

Greenstone 22 27 33 18

Kenora 21 29 31 19

North Bay 21 31 29 20

Parry Sound 18 26 29 27

Sault Ste Marie 19 28 30 22

Thunder Bay 20 31 29 20

Timmins 23 31 30 15

North Avg 20 28 30 22

Provincial Average 22 32 28 17

Municipal Study 2018

Age Demographics (contrsquod)

Municipality 0 19 20‐44 45‐64 65+

Municipality 0‐19 20‐44 45‐64 65+

Barrie 25 34 27 14

Bracebridge 19 25 31 25

Collingwood 19 26 28 26

Gravenhurst 16 24 33 28

Huntsville 20 27 32 22

Innisfil 24 30 31 15

Midland 19 26 31 25

Orangeville 26 33 27 14

Orillia 19 29 28 24

Penetanguishene 18 26 32 24

Springwater 25 28 33 15

Tay 19 26 34 21

Tiny 17 22 35 26

SimcoeMuskDuff Avg 20 27 31 21

Provincial Average 22 32 28 17

Municipality 0‐19 20‐44 45‐64 65+

Brant 23 27 31 19

Brantford 24 31 28 17

Brockton 22 26 30 21

Cambridge 25 33 28 15

Central Elgin 22 25 34 20

Centre Wellington 24 27 29 20

Chatham‐Kent 22 27 30 21

Erin 23 25 37 15

Grey Highlands 22 25 31 22

Guelph 23 36 26 15

Guelph‐Eramosa 23 26 33 17

Haldimand 23 27 31 18

Ingersoll 25 30 29 16

Kincardine 21 27 30 22

Kitchener 23 36 27 14

Lambton Shores 16 21 33 29

London 22 34 27 17

Mapleton 36 30 24 10

Meaford 18 22 32 28

Middlesex Centre 26 26 30 17

Minto 24 27 28 20

Norfolk 21 26 31 22

North Dumfries 26 28 31 14

North Middlesex 25 27 29 19

North Perth 27 30 25 18

Owen Sound 20 27 28 25

Puslinch 21 23 35 22

Sarnia 20 29 29 22

Saugeen Shores 19 27 30 24

St Marys 22 28 27 23

St Thomas 23 29 28 19

Stratford 21 29 30 21

Strathroy‐Caradoc 23 28 29 20

Tillsonburg 20 26 26 28

Waterloo 23 36 27 14

Wellesley 35 29 25 12

Wellington North 25 27 28 21

Wilmot 26 29 27 19

Windsor 22 32 28 18

Woolwich 28 30 26 17

Southwest Avg 23 28 29 19

Provincial Average 22 32 28 17 SourcemdashStats Canada Census 2016

Socio Economic Indicators 20

Municipal Study 2018

2018 Estimated Average Household Income Household income is one measure of a communityrsquos ability to pay for services While a higher relative household income is a positive indicator of the overall local economy it may lead to a greater expectation for quality programs and additional challenges in balancing desired levels of service with a willingness to pay for programs and services

Municipality

Elliot Lake $ 62158

Bancroft $ 65292

Owen Sound $ 70778

Midland $ 72919

Windsor $ 74671

Orillia $ 74970

Chatham‐Kent $ 77014

Belleville $ 77388

Niagara Falls $ 79768

Wellington North $ 80639

Fort Erie $ 81046

Quinte West $ 82770

Minto $ 83431

Tay $ 83731

Gravenhurst $ 83879

Espanola $ 84143

Greenstone $ 86104

Cornwall 62750 $

Parry Sound 67600 $

Brockville 71084 $

Welland 73910 $

St Thomas 74793 $

Port Colborne 76517 $

Tillsonburg 77240 $

Peterborough 79479 $

St Catharines 80012 $

Brantford 80735 $

North Bay 82320 $

Sault Ste Marie 82955 $

Thorold 83547 $

Penetanguishene 83774 $

Stratford 84065 $

Norfolk 84393 $

London 86126 $

Thunder Bay $ 87350

Municipality Municipality

St Marys $ 88756

Lambton Shores $ 88976

Oshawa $ 90192

North Perth $ 90553

North Stormont $ 91502

Brockton $ 92228

Prince Edward County $ 92682

Hamilton $ 93423

North Middlesex $ 94212

Kenora $ 96224

Haldimand $ 96891

Greater Sudbury $ 97604

Georgina $ 98312

Tiny $ 100784

Brampton $ 102663

Wainfleet $ 103485

Mapleton $ 107206

West Lincoln $ 107846

Strathroy‐Caradoc 88913 $

Collingwood 89612 $

Ingersoll 90487 $

Kitchener 90901 $

Kingston 91580 $

Bracebridge 92397 $

Brock 92943 $

Huntsville 94047 $

Sarnia 94588 $

Timmins 96423 $

Barrie 97290 $

Cambridge 97643 $

Guelph 100108 $

Orangeville 101444 $

Grey Highlands 102808 $

Centre Wellington 106318 $

Innisfil 107643 $

Mississauga $ 109999

Ottawa $ 111599

Lincoln $ 113606

Clarington $ 116511

Markham $ 118152

Wilmot $ 120075

Richmond Hill $ 121671

Newmarket $ 123590

Burlington $ 125873

Wellesley $ 127485

Milton $ 128664

North Dumfries $ 133048

Halton Hills $ 136293

Springwater $ 139363

Middlesex Centre $ 141189

Erin $ 142361

Aurora $ 155457

Oakville $ 179132

Central Elgin 110954 $

Brant 111853 $

Waterloo 114438 $

Grimsby 116929 $

Niagara‐on‐the‐Lake 118156 $

Saugeen Shores 120585 $

Kincardine 122567 $

Pickering 124559 $

Pelham 126655 $

Woolwich 128111 $

Whitby 128665 $

East Gwillimbury 135968 $

Guelph‐Eramosa 136490 $

Vaughan 139474 $

Whitchurch‐Stouffville 142060 $

Caledon 145664 $

Puslinch 179036 $

Meaford 87359 $ Toronto 107968 $ King 187349 $

Average $ 102194

SourcemdashManifold Data Mining Median 95406 $

Socio Economic Indicators 21

Municipal Study 2018

2018 Average Household Income by Geographic Location

The following table provides the estimated average household income in 2018 for each of the

municipalities SourcemdashManifold Data Mining summarized by geographic area

3

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Cornwall $ 62750 low

Bancroft $ 65292 low

Brockvil le $ 71084 low

Bellevil le $ 77388 low

Peterborough $ 79479 low

Quinte West $ 82770 low

North Stormont $ 91502 mid

Kingston $ 91580 mid

Prince Edward County $ 92682 mid

Ottawa $ 111599

Eastern Avg $ 82613

high

6

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Midland $ 72919 low

Orill ia $ 74970 low

Tay $ 83731 low

Penetanguishene $ 83774 low

Gravenhurst $ 83879 low

Collingwood $ 89612 mid

Bracebridge $ 92397 mid

Huntsvil le $ 94047 mid

Barrie $ 97290 mid

Tiny $ 100784 mid

Orangevil le $ 101444 mid

Innisfi l $ 107643 mid

Springwater $ 139363

SimcoeMuskDuff Avg $ 93989

high

1

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Oshawa

Brock

Georgina

Brampton

Toronto

Mississauga

Clarington

Markham

Richmond Hill

Newmarket

Pickering

Burlington

Milton

Whitby

East Gwill imbury

Halton Hills

Vaughan

Whitchurch‐Stouffvil le

Caledon

Aurora

Oakville

King

90192 $

92943 $

98312 $

102663 $

107968 $

109999 $

116511 $

118152 $

121671 $

123590 $

124559 $

125873 $

128664 $

128665 $

135968 $

136293 $

139474 $

142060 $

145664 $

155457 $

179132 $

187349 $

mid

mid

mid

mid

mid

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

GTA Avg 127780 $

Socio Economic Indicators 22

Municipal Study 2018

Average Household Income by Geographic Location (contrsquod)

2

Municipality

2018 Income Ranking

2018 Est Avg

Household Income

5

Municipality

2018

Income Ranking

2018 Est Avg

Household Income

low Welland $ 73910

low Port Colborne $ 76517

low Niagara Falls $ 79768

low St Catharines $ 80012

low Fort Erie $ 81046

low Thorold $ 83547

mid Hamilton $ 93423

mid Wainfleet $ 103485

mid West Lincoln $ 107846

Lincoln $ 113606

Grimsby $ 116929

Niagara‐on‐the‐Lake $ 118156

Pelham $ 126655

high

high

high

high

NiagaraHamilton Avg $ 96531

4

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Elliot Lake $ 62158 low

Parry Sound $ 67600 low

North Bay $ 82320 low

Sault Ste Marie $ 82955 low

Espanola $ 84143 low

Greenstone $ 86104 low

Thunder Bay $ 87350 low

Kenora $ 96224 mid

Timmins $ 96423 mid

Greater Sudbury $ 97604 mid

North Avg $ 84288

low Owen Sound $ 70778

low Windsor $ 74671

low St Thomas $ 74793

low Chatham‐Kent $ 77014

low Tillsonburg $ 77240

low Wellington North $ 80639

low Brantford $ 80735

low Minto $ 83431

low Stratford $ 84065

low Norfolk $ 84393

low London $ 86126

low Meaford $ 87359

mid St Marys $ 88756

mid Strathroy‐Caradoc $ 88913

mid Lambton Shores $ 88976

mid Ingersoll $ 90487

mid North Perth $ 90553

mid Kitchener $ 90901

mid Brockton $ 92228

mid North Middlesex $ 94212

mid Sarnia $ 94588

mid Haldimand $ 96891

mid Cambridge $ 97643

mid Guelph $ 100108

mid Grey Highlands $ 102808

mid Centre Wellington $ 106318

mid Mapleton $ 107206

Central Elgin $ 110954

Brant $ 111853

Waterloo $ 114438

Wilmot $ 120075

Saugeen Shores $ 120585

Kincardine $ 122567

Wellesley $ 127485

Woolwich $ 128111

North Dumfries $ 133048

Guelph‐Eramosa $ 136490

Middlesex Centre $ 141189

Erin $ 142361

Puslinch $ 179036

high

high

high

high

high

high

high

high

high

high

high

high

high

Southwest Avg $ 102001

Socio Economic Indicators 23

Municipal Study 2018

Summary 2018 Average Household Income by Geographic Location

GTA

Southwest

NiagaraHamilton

SimcoeMuskDuff

North

Eastern

Socio Economic Indicators 24

Municipal Study 2018

Land Area and Density

Population density indicates the number of residents living in an area (usually measured by square kilometre) Density readings can lend insight into the age of a city growth patterns zoning practices new development opportunities and the level of multi‐family unit housing High population density can also

indicate whether a municipality may be reaching build‐out as well as service and infrastructure needs such as additional public transit or street routes As stated by the Province of Ontario in their InfoSheet Planning for Intensification some of the benefits of intensification include

Using resources such as lands buildings and infrastructure more effectively

Protecting the natural environment and biodiversity by limiting urban expansion

Incorporating green features that offset and support new development

Creating active streets that promote healthier patterns of human activity

Creating economic opportunities

Reducing carbon footprint

Improving access to public transit

Enhancing community identity

Improving municipal fiscal performance

Socio Economic Indicators 25

Municipal Study 2018

Land Area and Density (sorted by population density)

Municipality Land Area

(Sq Km)

2018

Pop

Density Per Sq

Density Ranking Municipality

Land Area

(Sq Km)

2018

Pop

Density Per Sq

Density Ranking

Greenstone 2767 2 low Espanola 83 61 mid

North Middlesex 598 11 low Centre Wellington 408 74 mid

Grey Highlands 883 12 low Kenora 212 74 mid

North Stormont 516 14 low Tay 139 76 mid

Timmins 2979 14 low Strathroy‐Caradoc 271 80 mid

Ell iot Lake 715 15 low Woolwich 326 82 mid

Brockton 565 17 low King 333 83 mid

Bancroft 230 18 low Wilmot 264 83 mid

Meaford 589 19 low Saugeen Shores 171 86 mid

Mapleton 535 21 low Quinte West 494 92 mid

Kincardine 538 22 low East Gwill imbury 245 105 mid

Wellington North 526 24 low Caledon 688 105 mid

Prince Edward County 1050 24 low Pelham 126 142 mid

Gravenhurst 518 25 low Niagara‐on‐the‐Lake 133 144 mid

Bracebridge 628 27 low Innisfi l 263 151 mid

North Perth 493 28 low Lincoln 163 155 mid

Brock 423 29 low Port Colborne 122 156 mid

Huntsvil le 710 29 low Clarington 611 162 mid

Minto 301 30 low North Bay 319 165 mid

Wainfleet 217 31 low Georgina 288 167 mid

Middlesex Centre 588 31 low Fort Erie 166 194 mid

Lambton Shores 331 33 low Bellevil le 247 215 mid

Puslinch 215 36 low Halton Hills 276 234 mid

Tiny 337 37 low Thorold 83 240 mid

Springwater 536 38 low Whitchurch‐Stouffvil le 206 250 mid

Haldimand 1252 38 low Kingston 415 311 mid

West Lincoln 388 40 low Milton 363 329 mid

Erin 298 41 low Sault Ste Marie 223 339 mid

Norfolk 1608 42 low Thunder Bay 328 341 mid

Chatham‐Kent 2458 43 low Ottawa 2790 356 mid

Wellesley 278 43 low Penetanguishene 26 362 mid

Brant 843 46 low Pickering 232 418 mid

Guelph‐Eramosa 292 47 low Grimsby 69 425 mid

Central Elgin 280 47 low Niagara Falls 210 447 mid

Greater Sudbury 3228 52 low Sarnia 165 450 mid

North Dumfries 187 59 low Midland 35 500 mid

Socio Economic Indicators 26

Municipal Study 2018

Land Area and Density (sorted by population density) (contrsquod)

Municipality Land Area

(Sq Km)

2018

Pop

Density Per Sq

Density Ranking

Parry Sound 13 504

Hamilton 1117 506

St Marys 12 628

Welland 81 680

Collingwood 34 705

Til lsonburg 22 750

Cornwall 62 789

Owen Sound 24 909

Whitby 147 929

London 420 968

Burlington 186 1044

Brockvil le 21 1055

Ingersoll 13 1061

Oril l ia 29 1143

St Thomas 36 1148

Stratford 28 1165

Oshawa 146 1168

Aurora 50 1176

Vaughan 274 1193

Cambridge 113 1207

Peterborough 64 1326

Brantford 72 1422

St Catharines 96 1448

Oakvil le 139 1487

Barrie 99 1508

Windsor 146 1561

Guelph 87 1622

Markham 212 1668

Waterloo 64 1747

Kitchener 137 1818

Orangeville 16 1951

Richmond Hill 101 2046

Newmarket 38 2326

Brampton 266 2436

Mississauga 292 2640

Toronto 630 4587

Average 423 547

Median 255 164

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

Socio Economic Indicators 27

Municipal Study 2018

Land Area and Density by Geographic Location

3 2018

Population

Density Per Sq Km

Land Area (Sq Km)

Density Ranking

low North Stormont 516 14

low Bancroft 230 18

low Prince Edward County 1050 24

mid Quinte West 494 92

mid Bellevil le 247 215

mid Kingston 415 311

mid Ottawa 2790 356

Cornwall 62 789

Brockvil le 21 1055

Peterborough 64 1326

high

high

high

Eastern Avg 589 420

Median 331 263

2 Municipality

Land Area (Sq Km)

2018

Population

Density Per Sq Km

Density Ranking

low Wainfleet 217 31

low West Lincoln 388 40

mid Pelham 126 142

mid Niagara‐on‐the‐Lake 133 144

mid Lincoln 163 155

mid Port Colborne 122 156

mid Fort Erie 166 194

mid Thorold 83 240

mid Grimsby 69 425

mid Niagara Falls 210 447

Hamilton 1117 506

Welland 81 680

St Catharines 96 1448

high

high

high

NiagaraHamilton Avg 229 354

Median 133 194

1 Municipality

Land Area (Sq Km)

2018

Population

Density Per Sq Km

Density Ranking

low Brock 423 29

mid King 333 83

mid East Gwill imbury 245 105

mid Caledon 688 105

mid Clarington 611 162

mid Georgina 288 167

mid Halton Hills 276 234

mid Whitchurch‐Stouffvil le 206 250

mid Milton 363 329

mid Pickering 232 418

Whitby 147 929

Burlington 186 1044

Oshawa 146 1168

Aurora 50 1176

Vaughan 274 1193

Oakville 139 1487

Markham 212 1668

Richmond Hill 101 2046

Newmarket 38 2326

Brampton 266 2436

Mississauga 292 2640

Toronto 630 4587

high

high

high

high

high

high

high

high

high

high

high

high

GTA Avg 279 1117

Median 256 987

Socio Economic Indicators 28

Municipal Study 2018

Land Area and Density by Geographic Location (contrsquod)

4 Municipality

Land Area

(Sq Km)

2018

Population Density Per Sq Km

Density Ranking

5 Municipality

Land Area

(Sq Km)

2018

Population Density Per Sq Km

Density Ranking

low Greenstone 2767 2

low Timmins 2979 14

low Elliot Lake 715 15

low Greater Sudbury 3228 52

mid Espanola 83 61

mid Kenora 212 74

mid North Bay 319 165

mid Sault Ste Marie 223 339

mid Thunder Bay 328 341

Parry Sound 13 504 high

North Avg 1087 157

Median 324 67

6 Municipality

Density Ranking

Land Area (Sq Km)

2018

Population

Density Per Sq Km

low Gravenhurst 518 25

Bracebridge 628 27 low

low Huntsvil le 710 29

Tiny 337 37 low

low Springwater 536 38

Tay 139 76 mid

mid Innisfil 263 151

Penetanguishene 26 362 mid

mid Midland 35 500

Oril l ia 29 1143

Orangevil le 16 1951

Coll ingwood 34 705 high

high

Barrie 99 1508 high

high

SimcoeMuskDuff Avg 259 504

Median

GTA

SimcoeMuskDuff

Southwest

Eastern

NiagaraHamilton

North

139 151

Population Density Per Sq Km

0 200 400 600 800 1000 1200

low North Middlesex 598 11

low Grey Highlands 883 12

low Brockton 565 17

low Meaford 589 19

low Mapleton 535 21

low Kincardine 538 22

low Wellington North 526 24

low North Perth 493 28

low Minto 301 30

low Middlesex Centre 588 31

low Lambton Shores 331 33

low Puslinch 215 36

low Haldimand 1252 38

low Erin 298 41

low Norfolk 1608 42

low Chatham‐Kent 2458 43

low Wellesley 278 43

low Brant 843 46

low Guelph‐Eramosa 292 47

low Central Elgin 280 47

low North Dumfries 187 59

mid Centre Wellington 408 74

mid Strathroy‐Caradoc 271 80

mid Woolwich 326 82

mid Wilmot 264 83

mid Saugeen Shores 171 86

mid Sarnia 165 450

St Marys 12 628

Til lsonburg 22 750

Owen Sound 24 909

London 420 968

Ingersoll 13 1061

St Thomas 36 1148

Stratford 28 1165

Cambridge 113 1207

Brantford 72 1422

Windsor 146 1561

Guelph 87 1622

Waterloo 64 1747

Kitchener 137 1818

high

high

high

high

high

high

high

high

high

high

high

high

high

Southwest Avg 411 439

Median 286 53

Socio Economic Indicators 29

Municipal Study 2018

Labour Statistics

The labour force is defined as the number of people aged 15 and over who are employed and unemployed Labour force statistics are an important measure of the economyrsquos potential The larger the percentage of the population that enters the labour force the larger the potential output and standard of living Growth

in the labour force implies expansion potential The rate of employment of the communityrsquos citizens is a measure of and an influence on the communityrsquos ability to support its local business sector A decline in employment base or higher than average rates of unemployment can be a warning signal that overall economic activity may be declining Unemployment does not capture working age residents who are unemployed and are no longer actively seeking employment The employment rate provides a fuller picture of employment in the community

Socio Economic Indicators 30

Municipal Study 2018

Labour Statistics CMA

CMA

Employment Rate Sept

2018

Employment Change 2017 2018

Participation Rate

Participation Rate Change 2017 2018

Unemployment Rate Sept 2018

Unemployment Rate Change 2017 2018

Barrie

Brantford

Greater Sudbury

Guelph

Hamilton

Kingston

KitchenerCambridge Waterloo

London

Oshawa

Ottawa‐Gatineau

Peterborough

St Catharines‐Niagara

Thunder Bay

Toronto

Windsor

670

583

574

652

611

606

680

583

652

641

615

569

614

614

554

‐09

‐38

‐05

‐37

‐42

‐11

07

25

15

06

15

03

15

‐06

‐22

712

619

613

677

644

642

717

614

691

671

652

615

648

654

597

‐11

‐38

‐03

‐55

‐38

‐11

10

24

22

‐03

11

10

17

‐06

‐14

58

58

64

36

52

55

51

52

56

45

56

75

53

61

73

‐02

04

04

‐23

10

01

03

‐02

08

‐13

‐12

10

02

00

16

Ontario 609 ‐02 645 ‐03 57 00

Source Stats Canada

Socio Economic Indicators 31

Municipal Study 2018

32

Assessment Per Capita (Sorted by Unweighted Assessment)

Property assessment is the basis upon

which municipalities raise taxes A

strong assessment base is critical to a

municipalityrsquos ability to generate

revenues Assessment per capita

statistics have been compared to

provide an indication of the ldquorichnessrdquo of

the assessment base in each

municipality

Unweighted assessment provides the actual current value assessment of the

properties

Weighted assessment reflects the basis

upon which property taxes are levied

after applying the tax ratios to the

various property classes to the

unweighted assessment

Socio Economic Indicators

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Elliot Lake 49556 $ $ 55809 low low

Windsor 70740 $ $ 89181 low low

Espanola 74662 $ $ 95740 low low

Cornwall 77046 $ $ 101758 low low

St Thomas 79492 $ $ 94092 low low

Timmins 80049 $ $ 96701 low low

Welland 82100 $ $ 91809 low low

Sault Ste Marie 87701 $ $ 112497 low low

Owen Sound 90150 $ $ 109736 low low

Thunder Bay 92226 $ $ 114994 low low

Ingersoll 92868 $ $ 113347 low low

Bancroft 94650 $ $ 95422 low low

Port Colborne 96242 $ $ 107878 low low

Quinte West 96974 $ $ 106167 low low

Sarnia 97322 $ $ 112509 low low

Tillsonburg 98390 $ $ 116633 low low

Brockville 99130 $ $ 121702 low low

Belleville 99663 $ $ 126825 low mid

Brantford 102171 $ $ 122952 low low

St Catharines 103081 $ $ 119650 low low

Greater Sudbury 104015 $ $ 127985 low mid

North Bay 104307 $ $ 124452 low mid

Peterborough 104810 $ $ 118983 low low

London 105144 $ $ 120661 low low

Parry Sound 105525 $ $ 122599 low low

St Marys 105921 $ $ 120810 low low

Penetanguishene 108151 $ $ 111153 low low

Thorold 109101 $ $ 121396 low low

Midland 110881 $ $ 117659 low low

Kenora 111838 $ $ 132512 low mid

Fort Erie 111853 $ $ 119871 low low

Kitchener 116058 $ $ 136243 low mid

Minto 116637 $ $ 99007 low low

Oshawa 116675 $ $ 131036 low mid

Stratford 117383 $ $ 142680 low mid

Orillia 118401 $ $ 140299 low mid

Municipal Study 2018

Assessment Per Capita (Sorted by Unweighted Assessment) (contrsquod)

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Niagara Falls $ 119136 $ 145134 mid mid

Chatham‐Kent $ 119182 $ 95494 mid low

Strathroy‐Caradoc $ 120420 $ 112270 mid low

Cambridge $ 121506 $ 147676 mid mid

Hamilton $ 123694 $ 146819 mid mid

Tay $ 124259 $ 122533 mid low

Orangeville $ 127343 $ 136426 mid mid

Kingston $ 128262 $ 146747 mid mid

Barrie $ 129721 $ 139665 mid mid

Greenstone $ 130518 $ 127794 mid mid

West Lincoln $ 130985 $ 121413 mid low

Haldimand $ 131748 $ 125004 mid mid

Clarington $ 133155 $ 136930 mid mid

Guelph $ 139291 $ 165252 mid

Norfolk $ 139339 $ 123997 mid low

Brockton $ 139798 $ 106270 mid low

Brampton $ 140308 $ 149135 mid mid

Lincoln $ 141793 $ 142067 mid mid

Pelham $ 142156 $ 141412 mid mid

Grimsby $ 143810 $ 153059 mid mid

Wellington North $ 147042 $ 114949 mid low

Central Elgin $ 148557 $ 128634 mid mid

Whitby $ 150288 $ 161449 mid mid

Centre Wellington $ 152007 $ 144000 mid mid

Wainfleet $ 153135 $ 138714 mid mid

Georgina $ 154729 $ 153478 mid mid

Brock $ 155114 $ 137843 mid mid

North Stormont $ 157983 $ 105544 mid low

Wilmot $ 159381 $ 150091 mid mid

Meaford $ 161150 $ 146718 mid mid

Brant $ 161479 $ 154147 mid mid

Ottawa $ 164103 $ 194028 mid

Waterloo $ 164531 $ 194966 mid

Woolwich $ 165349 $ 166951 mid

Prince Edward County $ 165730 $ 157062 mid mid

high

high

high

high

Wellesley 167265 $ $ 136354 mid mid

Socio Economic Indicators 33

Municipal Study 2018

Assessment Per Capita (Sorted by Unweighted Assessment ) (contrsquod)

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Collingwood $ 170793 $ 177145

Pickering $ 175091 $ 187269

Springwater $ 177271 $ 165762

Saugeen Shores $ 177948 $ 174964

Innisfil $ 179107 $ 175252

Milton $ 183143 $ 197531

Huntsville $ 184033 $ 184555

Bracebridge $ 186068 $ 186348

North Perth $ 187449 $ 127259

North Dumfries $ 188250 $ 198361

Newmarket $ 190605 $ 197521

Halton Hills $ 191864 $ 202944

Mississauga $ 195204 $ 220161

Kincardine $ 196159 $ 175934

Guelph‐Eramosa $ 201118 $ 181487

Erin $ 202247 $ 186496

Middlesex Centre $ 205689 $ 155170

Burlington $ 207355 $ 234312

Grey Highlands $ 209673 $ 176167

Mapleton $ 213981 $ 135649

Whitchurch‐Stouffvill $ 220586 $ 220377

Toronto $ 222667 $ 320682

Caledon $ 236060 $ 235797

East Gwillimbury $ 240312 $ 235891

Markham $ 241816 $ 249067

Aurora $ 244870 $ 250861

Lambton Shores $ 245964 $ 216573

Niagara‐on‐the‐Lake $ 259936 $ 274476

Gravenhurst $ 261645 $ 262220

North Middlesex $ 263607 $ 135367

Richmond Hill $ 264402 $ 270035

Oakville $ 272192 $ 296552

Vaughan $ 272434 $ 286894

Puslinch $ 276942 $ 290895

Tiny $ 305257 $ 298534

King $ 310146 $ 297667

Average $ 154140 $ 156898 Median $ 141974 $ 139982

high high

high high

high high

high high

high high

high high

high high

high high

high mid

high high

high high

high high

high high

high high

high high

high high

high mid

high high

high high

high mid

high high

high high

high high

high high

high high

high high

high high

high high

high high

high mid

high high

high high

high high

high high

high high

high high

Socio Economic Indicators 34

Municipal Study 2018

Taxable Assessment Per Capita (Grouped by Location sorted by unweighted assessment)

Eastern Municipalities 3

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Cornwall 77046 $ $ 101758 low low

Bancroft 94650 $ $ 95422 low low

Quinte West 96974 $ $ 106167 low low

Brockville 99130 $ $ 121702 low low

Belleville 99663 $ $ 126825 low mid

Peterborough 104810 $ $ 118983 low low

Kingston 128262 $ $ 146747 mid mid

North Stormont 157983 $ $ 105544 mid low

Ottawa 164103 $ $ 194028 mid high

Prince Edward County 165730 $ $ 157062 mid mid

Eastern Avg 118835 $ $ 127424

Median 102236 $ $ 120342

NiagaraHamilton Municipalities

2

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Welland 82100 $ $ 91809 low low

Port Colborne 96242 $ $ 107878 low low

St Catharines 103081 $ $ 119650 low low

Thorold 109101 $ $ 121396 low low

Fort Erie 111853 $ $ 119871 low low

Niagara Falls 119136 $ $ 145134 mid mid

Hamilton 123694 $ $ 146819 mid mid

West Lincoln 130985 $ $ 121413 mid low

Lincoln 141793 $ $ 142067 mid mid

Pelham 142156 $ $ 141412 mid mid

Grimsby 143810 $ $ 153059 mid mid

Wainfleet 153135 $ $ 138714 mid mid

Niagara‐on‐the‐Lake 259936 $ $ 274476 high high

NiagaraHamilton Avg $ 132079 $ 140285

Median $ 123694 $ 138714

Socio Economic Indicators 35

Municipal Study 2018

Taxable Assessment Per Capita (contrsquod) (Grouped by Location sorted by unweighted assessment)

GTA Municipalities

1

Municipality

2018 Unweighted Assessment per Capita

2018 Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Oshawa $ 116675 $ 131036 low mid

Clarington $ 133155 $ 136930 mid mid

Brampton $ 140308 $ 149135 mid mid

Whitby $ 150288 $ 161449 mid mid

Georgina $ 154729 $ 153478 mid mid

Brock $ 155114 $ 137843 mid mid

Pickering $ 175091 $ 187269

Milton $ 183143 $ 197531

Newmarket $ 190605 $ 197521

Halton Hills $ 191864 $ 202944

Mississauga $ 195204 $ 220161

Burlington $ 207355 $ 234312

Whitchurch‐Stouffville $ 220586 $ 220377

Toronto $ 222667 $ 320682

Caledon $ 236060 $ 235797

East Gwillimbury $ 240312 $ 235891

Markham $ 241816 $ 249067

Aurora $ 244870 $ 250861

Richmond Hill $ 264402 $ 270035

Oakville $ 272192 $ 296552

Vaughan $ 272434 $ 286894

King $ 310146 $ 297667

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

GTA Avg $ 205410 $ 216974

Median $ 201279 $ 220269

Socio Economic Indicators 36

Municipal Study 2018

Taxable Assessment Per Capita (contrsquod) (Grouped by Location sorted by unweighted assessment)

Northern Municipalities 4

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Elliot Lake 49556 $ $ 55809 low low

Espanola 74662 $ $ 95740 low low

Timmins 80049 $ $ 96701 low low

Sault Ste Marie 87701 $ $ 112497 low low

Thunder Bay 92226 $ $ 114994 low low

Greater Sudbury 104015 $ $ 127985 low mid

North Bay 104307 $ $ 124452 low mid

Parry Sound 105525 $ $ 122599 low low

Kenora 111838 $ $ 132512 low mid

Greenstone 130518 $ $ 127794 mid mid

North Avg 94040 $ $ 111108

Median 98121 $ $ 118797

SimcoeMuskokaDufferin Municipalities

6

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Penetanguishene 108151 $ $ 111153 low low

Midland 110881 $ $ 117659 low low

Orillia 118401 $ $ 140299 low mid

Tay 124259 $ $ 122533 mid low

Orangeville 127343 $ $ 136426 mid mid

Barrie 129721 $ $ 139665 mid mid

Collingwood 170793 $ $ 177145 high high

Springwater 177271 $ $ 165762 high high

Innisfil 179107 $ $ 175252 high high

Huntsville 184033 $ $ 184555 high high

Bracebridge 186068 $ $ 186348 high high

Gravenhurst 261645 $ $ 262220 high high

Tiny 305257 $ $ 298534 high high

SimcoeMuskDuff Avg $ 167918 $ 170581

Median $ 170793 $ 165762

Socio Economic Indicators 37

Municipal Study 2018

Taxable Assessment Per Capita (contrsquod) (Grouped by Location sorted by unweighted assessment) Southwest Municipalities

5

Municipality

2018

Unweighted Assessment per Capita

2018 Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Windsor $ 70740 $ 89181 low low

St Thomas $ 79492 $ 94092 low low

Owen Sound $ 90150 $ 109736 low low

Ingersoll $ 92868 $ 113347 low low

Sarnia $ 97322 $ 112509 low low

Tillsonburg $ 98390 $ 116633 low low

Brantford $ 102171 $ 122952 low low

London $ 105144 $ 120661 low low

St Marys $ 105921 $ 120810 low low

Kitchener $ 116058 $ 136243 low mid

Minto $ 116637 $ 99007 low low

Stratford $ 117383 $ 142680 low mid

Chatham‐Kent $ 119182 $ 95494 mid low

Strathroy‐Caradoc $ 120420 $ 112270 mid low

Cambridge $ 121506 $ 147676 mid mid

Haldimand $ 131748 $ 125004 mid mid

Guelph $ 139291 $ 165252 mid

Norfolk $ 139339 $ 123997 mid low

Brockton $ 139798 $ 106270 mid low

Wellington North $ 147042 $ 114949 mid low

Central Elgin $ 148557 $ 128634 mid mid

Centre Wellington $ 152007 $ 144000 mid mid

Wilmot $ 159381 $ 150091 mid mid

Meaford $ 161150 $ 146718 mid mid

Brant $ 161479 $ 154147 mid mid

Waterloo $ 164531 $ 194966 mid

Woolwich $ 165349 $ 166951 mid

Wellesley $ 167265 $ 136354

high high

high mid

high high

high high

high high

high high

high mid

high high

high mid

high high

high mid

high high

mid mid

Saugeen Shores $ 177948 $ 174964

North Perth $ 187449 $ 127259

North Dumfries $ 188250 $ 198361

Kincardine $ 196159 $ 175934

Guelph‐Eramosa $ 201118 $ 181487

Erin $ 202247 $ 186496

Middlesex Centre $ 205689 $ 155170

Grey Highlands $ 209673 $ 176167

Mapleton $ 213981 $ 135649

Lambton Shores $ 245964 $ 216573

North Middlesex $ 263607 $ 135367

Puslinch $ 276942 $ 290895

high

high

high

Southwest Avg $ 152484 $ 143624

Median $ 147800 $ 135946

Socio Economic Indicators 38

‐ ‐

‐ ‐

Municipal Study 2018

Unweighted AssessmentmdashTrend

The tables on the next several pages reflect the change in unweighted assessment from 2013‐2018 The changes in assessment trends are related to new growth as well as changes in market value of existing properties The changes include the impact of reassessment as well as growth The table has been sorted

from low to high for the 2017‐2018 change in assessment

2013

2014

2014 2015

2015

2016

2016 2017

2017 2018

Ranking 2017 2018

Meaford 56 52 45 04 03 low

Owen Sound 33 25 20 ‐09 14 low

Brockvil le 47 36 62 ‐25 15 low

North Bay 61 49 51 ‐11 23 low

Elliot Lake NA 51 47 ‐10 23 low

St Marys NA NA 30 31 27 low

Windsor 14 12 14 29 27 low

Timmins 71 65 58 ‐10 29 low

Bracebridge 29 25 26 09 30 low

Peterborough 33 29 30 45 30 low

Brant 59 52 59 63 31 low

Gravenhurst 27 31 30 17 33 low

Bellevil le 33 39 29 15 36 low

Saugeen Shores 59 60 51 ‐03 36 low

Huntsville 22 28 24 14 37 low

Ottawa 78 65 72 58 38 low

Fort Erie 20 19 18 ‐02 38 low

Sarnia 21 20 23 25 38 low

London 37 46 35 47 40 low

Greater Sudbury 83 63 49 ‐10 41 low

Port Colborne 27 30 22 15 43 low

Parry Sound NA NA 27 ‐50 45 low

St Thomas 21 31 30 23 45 low

Sault Ste Marie 73 63 62 22 45 low

Prince Edward County 58 42 44 50 46 low

Quinte West 35 41 31 28 46 low

Stratford 58 40 38 33 47 low

Kingston 59 13 48 37 47 low

Greenstone 23 22 19 34 47 low

Ingersoll 09 54 32 23 48 low

Welland 28 30 19 34 49 low

Tillsonburg 36 33 26 15 50 low

Socio Economic Indicators 39

Municipal Study 2018

Unweighted AssessmentmdashTrend (contrsquod)

Socio Economic Indicators

2013 ‐

2014 2014 ‐

2015 2015 ‐

2016 2016 ‐

2017 2017 ‐

2018

Ranking 2017 ‐ 2018

Cambridge 41 38 37 43 51 mid

Kenora 67 65 61 38 51 mid

St Catharines 32 28 24 27 51 mid

Kitchener 55 61 53 53 53 mid

Central Elgin NA NA NA 36 54 mid

Collingwood NA 36 39 46 56 mid

Kincardine NA NA 54 20 56 mid

Cornwall 106 64 67 ‐14 57 mid

Strathroy‐Caradoc NA 45 42 62 57 mid

Orill ia 27 26 23 30 57 mid

Wilmot 56 53 52 49 58 mid

Erin NA NA 49 48 59 mid

Brock 37 41 37 49 59 mid

Thunder Bay 72 71 75 56 61 mid

Brantford NA NA NA NA 61 mid

Thorold 36 37 39 34 62 mid

Grey Highlands NA 69 64 37 63 mid

Orangevil le 43 41 43 46 64 mid

Lambton Shores 64 57 57 53 65 mid

Wainfleet 31 28 29 63 65 mid

Woolwich 48 53 42 64 65 mid

Pelham 34 33 40 43 65 mid

Centre Wellington NA NA 48 59 66 mid

North Dumfries 38 36 39 60 67 mid

Mississauga 57 55 51 66 67 mid

Barrie 30 33 28 75 67 mid

Guelph 43 64 38 86 67 mid

Chatham‐Kent NA NA 48 53 68 mid

Puslinch NA NA 43 20 71 mid

Guelph‐Eramosa NA NA 46 62 72 mid

Halton Hills 85 62 48 64 72 mid

Minto NA NA 46 75 73 mid

Hamilton 43 45 48 63 73 mid

Haldimand NA NA NA 51 73 mid

40

Municipal Study 2018

Unweighted AssessmentmdashTrend (contrsquod)

41Socio Economic Indicators

Lincoln 39 45 37 52 76

Middlesex Centre 73 74 66 66 78

Burlington 54 62 53 69 78

Waterloo 66 60 58 56 81

Caledon 74 71 63 73 84

Toronto 65 67 67 88 87

Grimsby 32 48 43 79 88

Brampton 77 74 73 84 88

Wellesley 65 58 50 87 89

Niagara‐on‐the‐Lake 58 97 64 74 90

Wellington North NA NA 55 93 91

Vaughan 77 75 63 90 91

Whitby 51 43 41 96 92

Clarington 73 47 44 86 93

Georgina 49 46 51 87 98

Milton 85 91 76 76 98

Oakville 68 77 69 75 100

Oshawa 38 32 38 106 102

West Lincoln 49 36 45 94 102

Newmarket 80 63 56 93 104

Whitchurch‐Stouffvil le 84 66 57 104 106

Markham 93 85 79 115 106

King 117 103 101 84 107

Mapleton NA NA 84 115 109

Niagara Falls 37 72 50 ‐09 112

Aurora 76 73 88 115 115

Richmond Hill 87 81 75 130 117

North Middlesex NA NA NA 126 118

Springwater 40 48 44 63 121

North Perth NA NA NA 126 122

Innisfil 49 47 61 80 125

Pickering 58 45 46 38 137

East Gwillimbury 88 55 46 134 159

Average 53 50 47 51 67

Median 51 48 46 52 64

2013 ‐

2014 2014 ‐

2015

2015 ‐2016

2016 ‐

2017

2017 ‐

2018

Ranking 2017 ‐ 2018

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐2018)

3

Eastern

Brockvil le 47 36 62 ‐25 15 low

Peterborough 33 29 30 45 30 low

Bellevil le 33 39 29 15 36 low

Ottawa 78 65 72 58 38 low

Prince Edward County 58 42 44 50 46 low

Quinte West 35 41 31 28 46 low

Kingston 59 13 48 37 47 low

Cornwall 106 64 67 ‐14 57 mid

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

Ranking 2017 ‐ 2018

Average 56 41 48 24 39

Median 53 40 46 33 42

2

NiagaraHamilton

Fort Erie 20 19 18 ‐02 38 low

Port Colborne 27 30 22 15 43 low

Welland 28 30 19 34 49 low

St Catharines 32 28 24 27 51 mid

Thorold 36 37 39 34 62 mid

Wainfleet 31 28 29 63 65 mid

Pelham 34 33 40 43 65 mid

Hamilton 43 45 48 63 73 mid

Lincoln 39 45 37 52 76 high

Grimsby 32 48 43 79 88 high

Niagara‐on‐the‐Lake 58 97 64 74 90 high

West Lincoln 49 36 45 94 102 high

Niagara Falls 37 72 50 ‐09 112 high

Ranking 2017 ‐ 2018

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

Average 36 42 37 44 70

Median 34 36 39 43 65

Socio Economic Indicators 42

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐2018) (contrsquod)

1

GTA

Brock

Mississauga

Halton Hills

Burlington

Caledon

Toronto

Brampton

Vaughan

Whitby

Clarington

Georgina

Milton

Oakville

Oshawa

Newmarket

Whitchurch‐Stouffvil le

Markham

King

Aurora

Richmond Hill

Pickering

East Gwill imbury

Average

Median

37

57

85

54

74

65

77

77

51

56

49

85

68

38

80

84

93

117

76

87

58

88

71

75

2013 ‐2014

41

55

62

62

71

67

74

75

43

47

46

91

77

32

63

66

85

103

73

81

45

55

64

65

2014 ‐2015

37

51

48

53

63

67

73

63

41

44

51

76

69

38

56

57

79

101

88

75

46

46

60

57

2015 ‐2016

49

66

64

69

73

88

84

90

96

86

87

76

75

106

93

104

115

84

115

130

38

134

87

86

2016 ‐2017

59 mid

67 mid

72 mid

78 high

84 high

87 high

88 high

91 high

92 high

93 high

98 high

98 high

100 high

102 high

104 high

106 high

106 high

107 high

115 high

117 high

137 high

159 high

98

98

2017 ‐2018

Ranking 2017 ‐ 2018

Socio Economic Indicators 43

‐ ‐ ‐ ‐ ‐

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐18) (contrsquod)

5

Southwest

2013

2014 2014 2015

2015

2016 2016

2017 2017

2018 Ranking 2017 2018

Meaford 56 52 45 04 03 low

Owen Sound 33 25 20 ‐09 14 low

St Marys NA NA 30 31 27 low

Windsor 14 12 14 29 27 low

Brant 59 52 59 63 31 low

Saugeen Shores 59 60 51 ‐03 36 low

Sarnia 21 20 23 25 38 low

London 37 46 35 47 40 low

St Thomas 21 31 30 23 45 low

Stratford 58 40 38 33 47 low

Ingersoll 09 54 32 23 48 low

Tillsonburg 36 33 26 15 50 low

Cambridge 41 38 37 43 51 mid

Kitchener 55 61 53 53 53 mid

Central Elgin NA NA NA 36 54 mid

Kincardine NA NA 54 20 56 mid

Strathroy‐Caradoc NA 45 42 62 57 mid

Wilmot 56 53 52 49 58 mid

Erin NA NA 49 48 59 mid

Brantford NA NA NA NA 61 mid

Grey Highlands NA 69 64 37 63 mid

Lambton Shores 64 57 57 53 65 mid

Woolwich 48 53 42 64 65 mid

Centre Wellington NA NA 48 59 66 mid

North Dumfries 38 36 39 60 67 mid

Guelph 43 64 38 86 67 mid

Chatham‐Kent NA NA 48 53 68 mid

Puslinch NA NA 43 20 71 mid

Guelph‐Eramosa NA NA 46 62 72 mid

Minto NA NA 46 75 73 mid

Haldimand NA NA NA 51 73 mid

Middlesex Centre 73 74 66 66 78

Waterloo 66 60 58 56 81

Wellesley 65 58 50 87 89

Wellington North NA NA 55 93 91

Mapleton NA NA 84 115 109

North Middlesex NA NA NA 126 118

North Perth NA NA NA 126 122

Average 45 48 45 51 60

Median 48 52 46 51 60

high

high

high

high

high

high

high

Socio Economic Indicators 44

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐18) (contrsquod)

4

North

North Bay 61 49 51 ‐11 23 low

Elliot Lake NA 51 47 ‐10 23 low

Timmins 71 65 58 ‐10 29 low

Greater Sudbury 83 63 49 ‐10 41 low

Parry Sound NA NA 27 ‐50 45 low

Sault Ste Marie 73 63 62 22 45 low

Greenstone 23 22 19 34 47 low

Kenora 67 65 61 38 51 mid

Thunder Bay 72 71 75 56 61 mid

Ranking 2017 ‐ 2018

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

6

SimcoeMuskDuff

Bracebridge 29 25 26 09 30 low

Gravenhurst 27 31 30 17 33 low

Huntsvil le 22 28 24 14 37 low

Collingwood NA 36 39 46 56 mid

Orill ia 27 26 23 30 57 mid

Orangevil le 43 41 43 46 64 mid

Barrie 30 33 28 75 67 mid

Springwater 40 48 44 63 121 high

Innisfi l 49 47 61 80 125 high

Ranking 2017 ‐ 2018

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

Average 64 56 50 07 41

Median 71 63 51 ‐10 45

Average 33 35 35 42 65

Median 29 33 30 46 57

Socio Economic Indicators 45

Municipal Study 2018

2018 Unweighted Assessment Composition (Sorted Alphabetically)

Municipality Residential Multi‐

Residential Commercial Industrial Pipelines Farmlands Forests

Aurora 876 09 95 18 01 01 00

Bancroft 746 46 181 07 00 05 15

Barrie 764 41 170 21 02 02 00

Belleville 708 55 192 27 04 14 00

Bracebridge 877 14 87 11 05 01 05

Brampton 809 19 135 33 02 02 00

Brant 702 04 49 40 04 200 01

Brantford 757 43 150 43 02 04 00

Brock 754 08 40 10 02 182 03

Brockton 571 19 57 07 02 341 02

Brockville 761 65 145 25 04 00 00

Burlington 789 37 140 27 02 04 00

Caledon 793 02 105 35 01 57 07

Cambridge 752 44 149 51 02 03 00

Central Elgin 732 01 36 05 03 220 01

Centre Wellington 774 10 51 16 02 145 02

Chatham‐Kent 508 14 70 15 08 384 00

Clarington 858 09 67 21 04 39 02

Collingwood 842 18 122 16 01 01 00

Cornwall 684 55 236 20 03 02 00

East Gwillimbury 867 03 68 12 02 46 02

Elliot Lake 805 76 105 06 08 00 00

Erin 804 02 32 12 01 144 06

Espanola 836 16 111 30 05 01 02

Fort Erie 885 11 72 13 04 15 00

Georgina 903 12 55 03 02 25 01

Gravenhurst 908 09 71 03 07 01 02

Greater Sudbury 801 40 130 23 03 01 00

Greenstone 264 06 159 11 559 00 00

Grey Highlands 703 03 23 22 01 235 14

Grimsby 884 07 78 11 02 18 00

Guelph 786 46 124 42 02 00 00

Guelph‐Eramosa 757 02 42 11 02 184 01

Haldimand 739 07 46 27 11 169 01

Halton Hills 834 09 94 30 01 30 01

Hamilton 820 41 100 16 04 19 00

Socio Economic Indicators 46

Municipal Study 2018

2018 Unweighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Municipality Residential Multi‐

Residential Commercial Industrial Pipelines Farmlands Forests

Huntsville 860 09 104 12 09 01 05

Ingersoll 810 19 101 66 03 01 00

Innisfil 871 02 64 08 04 51 01

Kenora 823 17 119 21 20 01 00

Kincardine 628 09 104 46 00 212 02

King 886 02 35 08 03 64 03

Kingston 764 80 138 11 03 04 00

Kitchener 794 67 124 14 00 01 00

Lambton Shores 715 07 55 07 02 213 00

Lincoln 775 06 61 28 05 124 00

London 815 37 124 12 02 09 00

Mapleton 415 01 18 19 05 540 03

Markham 848 10 123 16 01 02 00

Meaford 806 18 28 02 05 133 09

Middlesex Centre 594 03 28 03 31 340 01

Midland 758 40 168 29 02 02 00

Milton 819 07 115 35 05 18 02

Minto 608 05 66 23 02 295 01

Mississauga 727 37 198 37 01 00 00

Newmarket 840 15 122 21 01 00 00

Niagara Falls 695 27 256 11 04 07 00

Niagara‐on‐the‐Lake 747 03 147 09 03 89 00

Norfolk 700 07 57 12 06 215 04

North Bay 766 46 156 18 13 00 00

North Dumfries 702 02 87 54 42 111 01

North Middlesex 303 04 18 07 07 658 04

North Perth 441 06 57 19 02 475 00

North Stormont 494 04 26 05 02 468 02

Oakville 845 19 115 18 01 01 00

Orangeville 834 20 129 16 01 00 00

Orillia 755 55 171 16 02 00 00

Oshawa 792 58 125 19 02 04 00

Ottawa 756 54 170 10 02 08 00

Owen Sound 750 70 162 14 03 01 00

Parry Sound 727 37 222 11 02 01 00

Pelham 895 07 34 01 06 56 01

Socio Economic Indicators 47

Municipal Study 2018

2018 Unweighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Multi‐

Municipality Residential Residential Commercial Industrial Pipelines Farmlands Forests

Penetanguishene 895 22 59 20 03 01 01

Peterborough 783 73 129 13 02 01 00

Pickering 829 08 122 21 02 18 00

Port Colborne 829 21 73 43 05 28 00

Prince Edward County 847 14 46 06 01 84 02

Puslinch 791 01 78 48 03 73 06

Quinte West 767 26 146 16 08 37 01

Richmond Hill 892 12 83 12 01 01 00

Sarnia 774 39 125 32 07 23 00

Saugeen Shores 885 16 56 01 02 39 01

Sault Ste Marie 780 54 145 16 04 00 00

Springwater 842 02 36 09 06 99 05

St Catharines 789 51 136 14 02 08 00

St Marys 828 16 79 68 03 07 00

St Thomas 827 40 94 31 03 04 00

Stratford 792 46 123 32 02 04 00

Strathroy‐Caradoc 706 23 71 25 22 151 01

Tay 920 00 40 05 03 27 05

Thorold 803 47 82 33 11 23 00

Thunder Bay 791 40 153 13 03 00 00

Tillsonburg 824 33 100 35 03 06 00

Timmins 801 20 147 26 05 02 00

Tiny 945 02 12 01 03 31 05

Toronto 745 67 175 13 01 00 00

Vaughan 787 03 155 52 01 02 00

Wainfleet 813 00 20 04 05 156 01

Waterloo 746 94 137 20 01 00 00

Welland 854 37 85 15 04 04 00

Wellesley 595 01 24 44 02 332 02

Wellington North 524 11 54 23 02 384 02

West Lincoln 751 03 35 16 13 181 01

Whitby 860 21 97 16 02 04 00

Whitchurch‐Stouffville 888 06 65 17 01 22 02

Wilmot 786 08 40 11 03 150 01

Windsor 758 40 158 39 04 02 00

Woolwich 697 09 99 33 03 158 01

Average 766 23 99 20 09 80 01 Median 789 16 98 16 03 14 00 Min 264 00 12 01 00 00 00 Max 945 94 256 68 559 658 15

Socio Economic Indicators 48

Municipal Study 2018

Top 10 Municipalities With Highest Proportion of Unweighted Assessment Per Type of Assessment

Municipality Residential

Tiny 945

Tay 920

Gravenhurst 908

Georgina 903

Pelham 895

Penetanguishene 895

Richmond Hill 892

Whitchurch‐Stouffville 888

King 886

Saugeen Shores 885

Municipality Industrial

St Marys 68

Ingersoll 66

North Dumfries 54

Vaughan 52

Cambridge 51

Puslinch 48

Kincardine 46

Wellesley 44

Port Colborne 43

Brantford 43

Municipality Multi‐Residential

Waterloo 94

Kingston 80

Elliot Lake 76

Peterborough 73

Owen Sound 70

Toronto 67

Kitchener 67

Brockville 65

Oshawa 58

Orillia 55

Municipality Pipelines

Greenstone 559

North Dumfries 42

Middlesex Centre 31

Strathroy‐Caradoc 22

Kenora 20

West Lincoln 13

North Bay 13

Thorold 11

Haldimand 11

Huntsville 09

Municipality Commercial

Niagara Falls 256

Cornwall 236

Parry Sound 222

Mississauga 198

Belleville 192

Bancroft 181

Toronto 175

Orillia 171

Barrie 170

Ottawa 170

Municipality Farmlands

North Middlesex 658

Mapleton 540

North Perth 475

North Stormont 468

Chatham‐Kent 384

Wellington North 384

Brockton 341

Middlesex Centre 340

Wellesley 332

Minto 295

Socio Economic Indicators 49

Municipal Study 2018

2018 Weighted Assessment Composition (Sorted Alphabetically)

Municipality Residential Multi‐

Residential Commercial Industrial Pipelines Farmlands Forests

Aurora 855 09 112 23 01 00 00

Bancroft 740 52 195 08 00 01 04

Barrie 709 38 224 26 02 00 00

Belleville 556 102 286 49 04 03 00

Bracebridge 876 14 94 10 04 00 01

Brampton 761 30 163 44 02 00 00

Brant 735 07 96 103 07 50 00

Brantford 629 65 223 79 03 01 00

Brock 848 18 64 24 03 41 01

Brockton 751 25 92 16 02 112 01

Brockville 620 94 228 53 05 00 00

Burlington 698 65 179 55 02 01 00

Caledon 794 04 139 51 01 10 02

Cambridge 619 62 237 80 02 01 00

Central Elgin 846 03 69 14 05 64 00

Centre Wellington 817 20 79 40 04 38 00

Chatham‐Kent 633 36 172 40 12 106 00

Clarington 834 17 93 43 05 08 01

Collingwood 812 22 144 20 02 00 00

Cornwall 518 96 343 39 04 00 00

East Gwillimbury 883 03 83 17 01 12 01

Elliot Lake 715 135 138 07 05 00 00

Erin 872 04 51 30 02 39 02

Espanola 652 25 166 153 04 00 00

Fort Erie 826 20 113 31 06 04 00

Georgina 910 12 66 04 01 06 00

Gravenhurst 906 09 77 03 05 00 00

Greater Sudbury 651 61 207 75 05 00 00

Greenstone 270 12 227 28 463 00 00

Grey Highlands 836 05 35 49 01 70 04

Grimsby 831 12 124 26 03 04 00

Guelph 663 69 191 75 03 00 00

Guelph‐Eramosa 839 05 69 29 06 51 00

Haldimand 779 14 81 64 17 44 00

Halton Hills 789 17 128 59 01 06 00

Hamilton 691 86 165 48 07 03 00

Huntsville 858 09 112 13 06 00 01

Socio Economic Indicators 50

Municipal Study 2018

2018 Weighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Municipality Residential Multi

Residential Commercial Industrial Pipelines Farmlands Forests

Ingersoll 664 37 156 140 03 00 00

Innisfil 890 03 79 10 05 13 00

Kenora 695 22 214 44 25 00 00

Kincardine 700 10 142 89 00 59 00

King 923 02 44 11 03 17 01

Kingston 668 70 236 23 03 01 00

Kitchener 676 97 204 22 00 00 00

Lambton Shores 812 13 100 17 04 55 00

Lincoln 774 11 103 71 09 31 00

London 710 58 207 20 04 01 00

Mapleton 655 03 41 70 16 213 01

Markham 823 10 145 21 01 01 00

Meaford 885 28 39 04 05 36 03

Middlesex Centre 788 06 43 08 44 113 00

Midland 714 48 196 38 03 00 00

Milton 760 12 153 66 05 03 00

Minto 716 11 115 64 06 87 00

Mississauga 645 47 256 51 01 00 00

Newmarket 811 15 144 29 01 00 00

Niagara Falls 571 43 356 23 05 01 00

Niagara‐on‐the‐Lake 708 06 239 20 06 21 00

Norfolk 787 14 107 22 10 60 01

North Bay 642 80 244 21 12 00 00

North Dumfries 666 05 159 97 47 26 00

North Middlesex 590 12 39 22 15 321 02

North Perth 648 15 104 52 05 175 00

North Stormont 740 06 60 15 04 175 01

Oakville 776 35 151 36 01 00 00

Orangeville 779 45 146 30 01 00 00

Orillia 637 66 269 22 06 00 00

Oshawa 706 96 160 35 02 01 00

Ottawa 640 63 275 19 03 01 00

Owen Sound 616 104 248 24 07 00 00

Parry Sound 626 47 312 13 02 00 00

Pelham 900 14 59 03 11 14 00

Penetanguishene 871 27 71 27 04 00 00

Peterborough 690 116 173 19 02 00 00

Socio Economic Indicators 51

Municipal Study 2018

2018 Weighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Multi‐

Municipality Residential Residential Commercial Industrial Pipelines Farmlands Forests

Pickering 775 14 164 41 02 03 00

Port Colborne 739 37 112 96 08 06 00

Prince Edward County 893 21 53 09 01 22 00

Puslinch 753 02 111 110 06 17 01

Quinte West 700 48 202 34 07 08 00

Richmond Hill 873 12 99 15 01 00 00

Sarnia 669 67 186 66 08 04 00

Saugeen Shores 900 16 70 02 02 10 00

Sault Ste Marie 608 46 253 85 06 00 00

Springwater 901 02 47 13 09 26 01

St Catharines 680 83 202 30 03 02 00

St Marys 726 15 106 147 05 02 00

St Thomas 698 79 154 65 03 01 00

Stratford 651 74 200 70 03 01 00

Strathroy‐Caradoc 757 44 86 47 25 41 00

Tay 933 00 48 07 04 07 01

Thorold 722 58 126 71 17 05 00

Thunder Bay 634 75 258 25 07 00 00

Tillsonburg 695 65 159 76 03 01 00

Timmins 663 29 246 52 09 00 00

Tiny 966 03 16 02 04 08 01

Toronto 517 114 343 25 01 00 00

Vaughan 747 03 178 70 01 00 00

Wainfleet 898 01 37 11 10 43 00

Waterloo 630 112 223 32 01 00 00

Welland 764 64 129 35 07 01 00

Wellesley 729 03 58 105 03 102 00

Wellington North 671 27 103 70 07 123 01

West Lincoln 810 07 64 44 25 49 00

Whitby 801 36 130 30 02 01 00

Whitchurch‐Stouffville 889 06 76 22 01 05 00

Wilmot 835 16 82 23 04 40 00

Windsor 601 63 248 82 06 00 00

Woolwich 690 14 190 63 04 39 00

Average 741 35 146 42 10 25 00 Median 737 21 141 31 04 03 00 Min 270 00 16 02 00 00 00 Max 966 135 356 153 463 321 04

Socio Economic Indicators 52

Municipal Study 2018

2018 Shift In Tax BurdenmdashUnweighted to Weighted Residential Assessment

As shown in the table tax ratios typically shift the burden from residential to non‐residential properties

Approximately 64 of the municipalities surveyed have a decrease in tax burden on the Residential class as a result of tax ratios for non‐residential classes greater than 10 The implementation of tax ratios to the assessment base for municipalities with a larger proportion of farmland and managed forest results in an increase in the residential burden

Municipality

Residential Unweighted Assessment

Residential Weighted Assessment

Change Unweighted to Weighted Municipality

Residential Unweighted Assessment

Residential Weighted Assessment

Change Unweighted to Weighted

Toronto 745 517 ‐306 Oshawa 792 706 ‐110

Cornwall 684 518 ‐243 Port Colborne 829 739 ‐108

Sault Ste Marie 780 608 ‐220 Welland 854 764 ‐106

Espanola 836 652 ‐220 Thorold 803 722 ‐101

Belleville 708 556 ‐214 Quinte West 767 700 ‐87

Windsor 758 601 ‐207 Oakville 845 776 ‐82

Thunder Bay 791 634 ‐198 Milton 819 760 ‐73

Greater Sudbury 801 651 ‐187 Barrie 764 709 ‐71

Brockville 761 620 ‐185 Whitby 860 801 ‐69

Ingersoll 810 664 ‐181 Fort Erie 885 826 ‐67

Niagara Falls 695 571 ‐179 Orangeville 834 779 ‐67

Owen Sound 750 616 ‐178 Pickering 829 775 ‐65

Stratford 792 651 ‐177 Grimsby 884 831 ‐60

Cambridge 752 619 ‐177 Brampton 809 761 ‐59

Timmins 801 663 ‐172 Midland 758 714 ‐58

Brantford 757 629 ‐169 Halton Hills 834 789 ‐55

North Bay 766 642 ‐162 Niagara‐on‐the‐Lake 747 708 ‐53

Hamilton 820 691 ‐158 North Dumfries 702 666 ‐51

Guelph 786 663 ‐157 Vaughan 787 747 ‐50

Tillsonburg 824 695 ‐157 Puslinch 791 753 ‐48

St Thomas 827 698 ‐157 Collingwood 842 812 ‐36

Waterloo 746 630 ‐156 Newmarket 840 811 ‐35

Orillia 755 637 ‐156 Markham 848 823 ‐29

Kenora 823 695 ‐156 Clarington 858 834 ‐28

Ottawa 756 640 ‐154 Penetanguishene 895 871 ‐27

Kitchener 794 676 ‐148 Aurora 876 855 ‐24

Parry Sound 727 626 ‐139 Richmond Hill 892 873 ‐21

St Catharines 789 680 ‐138 Woolwich 697 690 ‐10

Sarnia 774 669 ‐135 Bancroft 746 740 ‐08

London 815 710 ‐129 Huntsville 860 858 ‐03

Kingston 764 668 ‐126 Gravenhurst 908 906 ‐02

St Marys 828 726 ‐123 Lincoln 775 774 ‐02

Peterborough 783 690 ‐119 Bracebridge 877 876 ‐02

Burlington 789 698 ‐115 Whitchurch‐Stouffville 888 889 01

Mississauga 727 645 ‐113

Elliot Lake 805 715 ‐112

Caledon 793 794 01

Pelham 895 900 05

Socio Economic Indicators 53

Municipal Study 2018

2018 Shift In Tax BurdenmdashUnweighted to Weighted Residential Assessment (contrsquod)

Municipality

Residential

Unweighted Assessment

Residential Weighted Assessment

Change Unweighted to Weighted

Georgina 903 910 08

Tay 920 933 14

Saugeen Shores 885 900 17

East Gwillimbury 867 883 19

Greenstone 264 270 21

Innisfil 871 890 22

Tiny 945 966 23

King 886 923 42

Brant 702 735 47

Haldimand 739 779 54

Prince Edward County 847 893 55

Centre Wellington 774 817 56

Wilmot 786 835 62

Springwater 842 901 69

Strathroy‐Caradoc 706 757 73

West Lincoln 751 810 79

Erin 804 872 84

Meaford 806 885 98

Wainfleet 813 898 104

Guelph‐Eramosa 757 839 108

Kincardine 628 700 115

Norfolk 700 787 124

Brock 754 848 125

Lambton Shores 715 812 136

Central Elgin 732 846 155

Minto 608 716 178

Grey Highlands 703 836 190

Wellesley 595 729 226

Chatham‐Kent 508 633 248

Wellington North 524 671 279

Brockton 571 751 315

Middlesex Centre 594 788 326

North Perth 441 648 471

North Stormont 494 740 497

Mapleton 415 655 577

North Middlesex 303 590 947

Average 766 741 ‐16 Median 789 737 ‐51 Min 264 270 ‐306 Max 945 966 947

Socio Economic Indicators 54

Municipal Study 2018

Residential Property Types Summary

Residential properties were broken down by the main property types to provide an indication of the housing mix and the median assessment values in each of the area

(000rsquos)

Area Single Family Detached

Home Link

Freehold Town

Semi Detached

Single on Water

Condo Seasonal

Weighted Median Assessed

Values

Total Average 357$ 300 $ 285 $ 253 $ 673 $ 228 $ 405 $ 342 $

Total Median 281$ 256 $ 264 $ 208 $ 550 $ 216 $ 362 $ 306 $

GTA Average 636 $ 452 $ 424 $ 422 $ $ 1181 322 $ 506 $ 556 $

GTA Median 600 $ 450 $ 410 $ 426 $ 718 $ 321 $ 486 $ 538 $

NiagaraHamilton Average 305 $ 270 $ 280 $ 214 $ 598 $ 208 $ 449 $ 299 $

NiagaraHamilton Median 279 $ 278 $ 277 $ 202 $ 538 $ 204 $ 510 $ 309 $

Eastern Average 252 $ 236 $ 234 $ 189 $ 449 $ 202 $ 264 $ 248 $

Eastern Median 224 $ 238 $ 227 $ 169 $ 343 $ 203 $ 242 $ 220 $

North Average 180$ 184 $ 163 $ 134 $ 330 $ 184 $ 233 $ 185 $

North Median 197 $ 192 $ 168 $ 130 $ 303 $ 196 $ 200 $ 203 $

Southwest Average 308 $ 240 $ 231 $ 227 $ 627 $ 190 $ 401 $ 301 $

Southwest Median 264 $ 221 $ 231 $ 198 $ 551 $ 184 $ 362 $ 272 $

SimcoeMuskDuff Average 293 $ 238 $ 271 $ 214 $ 661 $ 244 $ 581 $ 330 $

SimcoeMuskDuff Median 272 $ 230 $ 266 $ 200 $ 655 $ 244 $ 528 $ 326 $

The weighted median assessed value for residential properties range from an average of $185000 in northern municipalities to $556000 in the GTA

Socio Economic Indicators 55

Municipal Study 2018

Building Construction Activity (sorted from lowest to highest 2017 activity per capita)

The table summarizes the 2017 residential and non‐residential building permit values in each area

municipality To put these values into context the building permit value per capita is also summarized to get an appreciation of the relative building activity in each municipality The chart is sorted from lowest to highest based on building permit value per capita for 2017

Non Res 2017 per Municipality Res 2017 2017 Capita

East Gwillimbury 98 2 223 $

Chatham‐Kent 94 6 374 $

Greenstone 76 24 482 $

Elliot Lake 78 22 486 $

Cornwall 52 48 621 $

Espanola 68 32 814 $

Georgina 87 13 1174 $

Haldimand 0 100 1175 $

Thunder Bay 32 68 1280 $

Bancroft 57 43 1285 $

Timmins 22 78 1287 $

Sault Ste Marie 37 63 1365 $

St Catharines NA NA 1411 $

Port Colborne 82 18 1447 $

Grimsby 82 18 1451 $

Sarnia 40 60 1454 $

Whitby 52 48 1459 $

Tillsonburg 84 16 1476 $

Parry Sound 73 27 1506 $

Windsor 39 61 1549 $

Hamilton 64 36 1550 $

North Bay 36 64 1603 $

Kenora 58 42 1625 $

Mississauga 41 59 1636 $

Markham 41 59 1644 $

Richmond Hill 0 0 1756 $

Peterborough 53 47 1758 $

Brockton 0 100 1776 $

Mapleton 57 43 1857 $

Owen Sound 33 67 1966 $

Brantford 53 47 1968 $

Kitchener 66 34 2004 $

Norfolk 65 35 2087 $

Brant 53 47 2133 $

Ingersoll 91 9 2144 $

Brampton 88 12 2231 $

Non Res 2017 per Municipality Res 2017 2017 Capita

Greater Sudbury 25 75 2279 $

Belleville 0 100 2290 $

Caledon 75 25 2298 $

Lincoln 61 39 2309 $

St Marys NA NA 2366 $

North Stormont 71 29 2392 $

Guelph‐Eramosa 78 22 2444 $

St Thomas 80 20 2550 $

Orillia 77 23 2560 $

Penetanguishene 98 2 2601 $

Stratford 50 50 2646 $

Quinte West 76 24 2684 $

Whitchurch‐Stouffville 78 22 2695 $

Ottawa 66 34 2723 $

Wainfleet 80 20 2724 $

Fort Erie 70 30 2731 $

London 74 26 2763 $

North Middlesex 23 77 2790 $

Barrie 68 32 2826 $

Wellesley 37 63 2834 $

Cambridge 44 56 2838 $

Waterloo 69 31 2860 $

Bracebridge 43 57 2879 $

Welland 39 61 2942 $

Newmarket 70 30 2943 $

Wellington North 29 71 3001 $

Wilmot 60 40 3030 $

Burlington 60 40 3031 $

Tay 95 5 3043 $

Guelph 57 43 3066 $

Strathroy‐Caradoc 100 0 3072 $

Pickering NA NA 3085 $

Kingston 31 69 3105 $

Woolwich 52 48 3109 $

Minto 59 41 3140 $

Orangeville 40 60 3232 $

Socio Economic Indicators 56

Municipal Study 2018

Building Construction Activity (sorted from lowest to highest 2017 activity per capita) (contrsquod)

Municipality Res 2017 Non Res 2017

2017 per Capita

Erin

Tiny

Oshawa

Meaford

Huntsville

Clarington

Lambton Shores

Middlesex Centre

Grey Highlands

Brockville

Thorold

Collingwood

North Dumfries

Centre Wellington

Toronto

Kincardine

Saugeen Shores

Brock

Gravenhurst

West Lincoln

Halton Hills

Vaughan

Pelham

North Perth

Oakville

Puslinch

Niagara‐on‐the‐Lake

Innisfil

Springwater

King

Milton

78

100

NA

66

85

87

66

72

54

6

96

94

51

78

45

39

93

92

92

36

46

48

87

53

74

95

50

89

90

18

78

22

0

NA

34

15

13

34

28

46

94

4

6

49

22

55

61

7

8

8

64

54

52

13

47

26

5

50

11

10

82

22

3233 $

3570 $

3612 $

3822 $

3833 $

3835 $

4197 $

4246 $

4431 $

4443 $

4554 $

4567 $

4573 $

4646 $

4957 $

5155 $

5209 $

5278 $

5279 $

5544 $

5633 $

5705 $

5788 $

5842 $

5984 $

6175 $

6989 $

6997 $

7164 $

7317 $

7857 $

Average

Median

58

60

36

34

3033 $

2731 $

Socio Economic Indicators 57

Municipal Study 2018

Building Construction Activity Trend (Grouped by Location) Eastern

Municipality 2015 2016 2017

Cornwall 37426 $ 16405 $ 30149 $ 585 $

Bancroft 4537 $ 5644 $ 5186 $ 1269 $

Peterborough 108954 $ 108954 $ 149806 $ 1470 $

Brockville 13202 $ 17010 $ 97688 $ 1943 $

Belleville 63472 $ 121538 $ 122013 $ 1975 $

Kingston 160298 $ 218600 $ 400313 $ 2030 $

North Stormont 12129 $ 18723 $ 17196 $ 2228 $

Ottawa 2138273 $ 2646159 $ 2705350 $ 2590 $

Quinte West 113611 $ 141395 $ 122200 $ 2827 $

Prince Edward County 77834 $ 83204 $ NA 3194 $

Eastern Average 294656 $ 366048 $ 405545 $ 1880 $

Eastern Median 63472 $ 108954 $ 122013 $ 1975 $

Building Construction Value (000s)

3 Year Per Capita Avg

GTA Municipality 2015 2016 2017

East Gwillimbury 71000 $ NA 5706 $ 1578 $

Whitby 173069 $ 280107 $ 198721 $ 1643 $

Mississauga 1285935 $ 1455510 $ 1262657 $ 1775 $

Richmond Hill 284097 $ 613200 $ 363325 $ 2084 $

Markham 818093 $ 883308 $ 582098 $ 2234 $

Georgina 150765 $ 104777 $ 56405 $ 2263 $

Pickering 141842 $ 210728 $ 298448 $ 2290 $

Whitchurch‐Stouffville 80000 $ 140000 $ 139000 $ 2440 $

Brock 15712 $ 16485 $ 64569 $ 2700 $

Burlington 525815 $ 431921 $ 587588 $ 2720 $

Newmarket 275695 $ 262628 $ 263195 $ 3080 $

Brampton 2731791 $ 1961496 $ 1447772 $ 3314 $

Oshawa 558703 $ 454975 $ 614344 $ 3319 $

Toronto 7134639 $ 10297233 $ 14329509 $ 3766 $

Clarington 361916 $ 340630 $ 379537 $ 3818 $

Halton Hills 147541 $ 248173 $ 363426 $ 4003 $

Caledon 421729 $ 262630 $ 166235 $ 4315 $

Vaughan 1405075 $ 1148939 $ 1908214 $ 4526 $

Aurora 276058 $ 278362 $ NA 4836 $

Oakville 825811 $ 913947 $ 1235513 $ 4932 $

Milton 334740 $ 596372 $ 938908 $ 5494 $

King 254374 $ 334595 $ 202693 $ 11076 $

GTA Average 830655 $ 1011239 $ 1209898 $ 3555 $

GTA Median 309418 $ 340630 $ 363426 $ 3197 $

Building Construction Value (000s) 3 Year Per Capita Avg

Socio Economic Indicators 58

Municipal Study 2018

Building Construction Activity Trend (contrsquod) (Grouped by Location) NiagaraHamilton Municipality 2015 2016 2017

Building Construction Value (000 s) 3 Year Per Capita Avg

St Catharines

Hamilton

Port Colborne

Lincoln

Welland

Grimsby

Wainfleet

Fort Erie

Niagara Falls

Thorold

West Lincoln

Pelham

Niagara‐on‐the‐Lake

$

$

$

$

$

$

$

$

$

$

$

$

$

114141 149549 $ 196370 $

722412 613665 $ 876475 $

18130 32494 $ 27480 $

31382 40333 $ 58422 $

70323 81772 $ 162077 $

38517 120100 $ 42479 $

15495 15687 $ 18069 $

74083 94804 $ 88075 $

215200 279671 $ NA

40898 55860 $ 90748 $

83334 50382 $ 85170 $

33367 126873 $ 104245 $

126932 NA 133956 $

1128 $

1339 $

1396 $

1777 $

1951 $

2423 $

2543 $

2742 $

2842 $

3259 $

4890 $

5041 $

7350 $

NiagaraHamilton Avg

NiagaraHamilton Med

$

$

121863 138433 $ 156964 $

70323 88288 $ 89412 $

2975 $

2543 $

North Municipality 2015 2016 2017

Building Construction Value (000 s) 3 Year Per Capita Avg

Elliot Lake

Greenstone

Timmins

Espanola

Thunder Bay

Sault Ste Marie

North Bay

Parry Sound

Kenora

Greater Sudbury

$

$

$

$

$

$

$

$

$

$

10010 5976 $ 5313 $

3716 4058 $ 2306 $

45103 32653 $ 55231 $

6226 6860 $ 4112 $

157549 93789 $ 143390 $

125556 75822 $ 103149 $

66006 76258 $ 84620 $

8045 12431 $ 10173 $

20236 32201 $ 25352 $

237362 254506 $ 384024 $

638 $

715 $

1028 $

1098 $

1191 $

1341 $

1429 $

1551 $

1677 $

1760 $

North Average

North Median

SimcoeMuskDuff Municipality

$

$

67981 59456 $ 81767 $

32670 32427 $ 40292 $

2015 2016 2017 Building Construction Value (000 s)

1243 $

1266 $

3 Year Per Capita Avg

Barrie

Midland

Penetanguishene

Bracebridge

Tay

Orangeville

Tiny

Orillia

Huntsville

Collingwood

Gravenhurst

Innisfil

Springwater

$

$

$

$

$

$

$

$

$

$

$

$

198452 151050 $ 422093 $

15435 48610 $ NA

8779 21372 $ 24087 $

24677 31752 $ 48659 $

8114 31324 $ 32139 $

NA 66469 $ 98403 $

24944 36816 $ 44613 $

47585 167310 $ 83595 $

64944 80513 $ 80226 $

36760 106381 $ 108753 $

36867 40225 $ 69127 $

123878 158593 $ 278101 $

106828 133712 $ 144558 $

1754 $

1813 $

1952 $

2147 $

2259 $

2766 $

2838 $

3144 $

3705 $

3722 $

3838 $

4941 $

6570 $

SimcoeMuskDuff Av

SimcoeMuskDuff M

$

$

58105 82625 $ 119529 $

36814 66469 $ 81910 $

3188 $

2838 $

Socio Economic Indicators 59

Municipal Study 2018

Building Construction Activity Trend (contrsquod) (Grouped by Location) Southwest Municipality

Chatham‐Kent

Owen Sound

Sarnia

Windsor

Brantford

Tillsonburg

Haldimand

Norfolk

Central Elgin

Ingersoll

Brockton

St Marys

Brant

Meaford

Wilmot

Strathroy‐Caradoc

Cambridge

Wellington North

St Thomas

Kitchener

North Middlesex

Stratford

Woolwich

Erin

London

Minto

Guelph‐Eramosa

Middlesex Centre

Wellesley

Guelph

Mapleton

Lambton Shores

Saugeen Shores

Grey Highlands

Waterloo

North Dumfries

Centre Wellington

North Perth

Kincardine

Puslinch

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

2015 2016 2017

85229 26626 $ 39186 $

24945 15350 $ 43365 $

73574 103399 $ 107784 $

294220 317281 $ 354014 $

103685 184084 $ 202748 $

19570 35819 $ 24726 $

90517 91619 $ 56097 $

94216 109958 $ 139762 $

15447 28752 $ NA

15784 25444 $ 29010 $

17861 18023 $ 17500 $

12395 14205 $ 18506 $

85858 72248 $ 82372 $

12270 18152 $ 43521 $

35146 39777 $ 66481 $

37498 38239 $ 66530 $

169299 356417 $ 387236 $

18509 30497 $ 37736 $

125821 60878 $ 104249 $

565081 739739 $ 498219 $

11844 20377 $ 18089 $

80627 85170 $ 87198 $

56640 70121 $ 83376 $

27464 30580 $ 39400 $

708800 1410120 $ 1123805 $

23854 21292 $ 28762 $

39893 40780 $ 33167 $

48749 46806 $ 77635 $

48246 34777 $ 33855 $

500014 463247 $ 433798 $

57602 34254 $ 20755 $

30581 38932 $ 46370 $

36987 43620 $ 76696 $

40402 25731 $ 45711 $

340127 529025 $ 319979 $

24265 49783 $ 50355 $

96634 151126 $ 139196 $

43089 61682 $ 81008 $

77331 26981 $ 61522 $

31828 44020 $ 47920 $

Building Construction Value (000s)

488 $

1270 $

1293 $

1466 $

1587 $

1650 $

1721 $

1723 $

1730 $

1792 $

1806 $

2043 $

2129 $

2180 $

2199 $

2234 $

2278 $

2367 $

2411 $

2521 $

2584 $

2624 $

2674 $

2718 $

2756 $

2809 $

2899 $

3240 $

3341 $

3472 $

3557 $

3584 $

3692 $

3726 $

3740 $

3975 $

4490 $

4591 $

4756 $

5475 $

3 Year Per Capita Avg

Southwest Average

Southwest Median

$

$

107438 141305 $ 134729 $

48246 40780 $ 64002 $

2618 $

2521 $

Socio Economic Indicators 60

Municipal Study 2018

Summarymdash3 Year Average Building Construction Activity Per Capita (2015 2016 2017) mdash Total Survey by Location

GTA

SimcoeMuskDuff

NiagaraHamilton

Southwest

Eastern

North

Socio Economic Indicators 61

Municipal Study 2018

Financial Indicators

Municipal Financial Indicators 62

Municipal Study 2018

Financial Sustainability Indicators

As described by the Canadian Institute of Chartered Accountants (CICA) the intent of providing an evaluation of a municipalityrsquos financial condition is to evaluate a municipalityrsquos financial outlook and performance This will help form the foundation for the establishment of a long range financial plan

KeyKey fifinancinanciaall andand socisocioo‐‐ececonomiconomic iindicatorsndicators have been included to help evaluate each municipalityrsquos existing financial condition and to identify future challenges and opportunities Industry recognized indicators that are used by credit rating agencies andor recommended by Government Finance Officersrsquo

Association (GFOA) and the Ministry of Municipal Affairs and Housing have been included A number of indicators have been included

Sustainability

The ability to provide and maintain service and infrastructure levels without resorting to unplanned increases in rates or cuts to

services

Vulnerability

Addresses a municipalityrsquos

vulnerability to external sources of funding that it cannot control and its exposure to risks

Flexibility

The ability to issue debt responsibly without

impacting the credit rating Also the ability to generate required revenues

ldquoThe usefulness of indicators is not in the numbers themselves but the analysis of what is driving the indicator It may therefore be more useful to consider the combined results of several broad indicators in assessing performance rather than any one indicator on its ownrdquo

Source Local Government Financial Sustainability Nationally Consistent Frameworks published by

Local Government and Planning Ministersrsquo Council (Australia) May 2007

Municipal Financial Indicators 63

Municipal Study 2018

Net Financial Position Indicators

Financial position is a key indicator of a municipalityrsquos financial health Two key financial position indicators have been included to illustrate a municipalityrsquos financial position The net financial position is a broader measure of a municipalityrsquos indebtedness than debenture debt as it includes all of a municipalityrsquos financial assets and liabilities Net Financial Liabilities Ratio is total liabilities minus assets as a percentage of own source revenues This ratio indicates the extent to which financial liabilities could be met by its operating revenue A ratio greater than zero indicates that total liabilities exceed the total assets

Formula

Schedule 70 in the Financial Information Return is used in these calculations of Financial Position as well

as Own Source Revenues which is taken from Schedule 81

Net Financial Position per Capita = Net Financial Position

Population

Net Financial Liabilities Ratio = Net Financial Position

Own Source Revenues

Target

There is no optimal number or range for these indicators it varies according to a municipalityrsquos financial position

Interpretation

It is important that a municipality understands what is driving these indicators and monitors their

trends The financial position provides an indication of the

affordability of future municipal spending

Municipal Financial Indicators 64

Municipal Study 2018

Financial Indicators

The Financial Indicators section of the report includes a number of indicators to assist municipalities in evaluating financial condition Indicators related to Sustainability Vulnerability and Flexibility have been included It should be noted that Water and Wastewater indicators have also been included in the WaterWastewater section of the report

When the information is plotted over time these trends can be used to monitor changes in financial condition and alert the municipality to future problems We are committed to refining and developing

additional data to have more efficient and effective benchmarking tools for municipalities

Sustainability

Financial Position Per Capita

Net Financial Liabilities Ratio

Asset Consumption Ratio

Flexibility

Reserves

Tax Discretionary Reserves as a of Taxation

Discretionary Reserves as a of Own Source

Revenues

Reserves per Capita

Debt

Tax Debt Interest as a of Own Source Revenues

Debt Charges as a of Own Source Revenues

Total Debt Outstanding Per Capita

Debt Outstanding Per Own Source Revenues

Debt to Reserve Ratio

Tax Debt Outstanding per $100000 of Unweighted Assessment

Vulnerability

Taxes Receivable as a of Tax Levied

Rates Coverage Ratio

Municipal Financial Indicators 65

Municipal Study 2018

Financial Position Per CapitamdashTrend

A comparison was made of each municipalityrsquos overall financial position (financial assets less liabilities) over time on a per capita basis

Municipality 2013 2014 2015 2016 2017

Toronto $ (1668) $ (1962) $ (2192) $ (2379) $ (2460)

Ottawa $ (1448) $ (1634) $ (1736) $ (1998) $ (2299)

Greenstone $ (3734) $ (3669) $ (3082) $ (2610) $ (2117)

Bancroft $ (2053)

Pelham $ (133) $ (432) $ (531) $ (803) $ (1764)

Quinte West $ (383) $ (583) $ (1170) $ (1657) $ (1575)

Kingston $ (1060) $ (1341) $ (1283) $ (1365) $ (1434)

Port Colborne $ (498) $ (343) $ (741) $ (1404)

Owen Sound $ (774) $ (700) $ (1099) $ (1288) $ (1379)

Prince Edward County $ (1184) $ (1239) $ (1209) $ (1446) $ (1366)

Brockville $ (1238) $ (1234) $ (1201) $ (1271) $ (1334)

Thunder Bay $ (954) $ (1349) $ (1447) $ (1572) $ (1301)

Timmins $ (482) $ (677) $ (923) $ (990) $ (961)

North Perth $ (1171) $ (856) $ (899) $ (959)

Barrie $ (1538) $ (1396) $ (1492) $ (1329) $ (938)

Stratford $ (1621) $ (1581) $ (1267) $ (1002) $ (773)

Belleville $ 386 $ 179 $ (308) $ (456) $ (639)

Gravenhurst $ (1197) $ (1134) $ (1066) $ (829) $ (520)

Penetanguishene $ (399)

St Thomas $ 814 $ 653 $ 434 $ 128 $ (275)

Norfolk $ (132) $ (267)

Whitchurch ‐ Stouffville $ (329) $ (150) $ (63) $ (166) $ (212)

Middlesex Centre $ (847) $ (766) $ (633) $ (408) $ (152)

Guelph‐Eramosa $ (50) $ (53) $ (205) $ (74)

Oshawa $ (393) $ (340) $ (272) $ (170) $ (23)

Orangeville $ (363) $ (202) $ (60) $ (198) $ (21)

North Stormont $ 223 $ (91) $ (119) $ (62) $ 11

Meaford $ (521) $ (372) $ (304) $ (95) $ 73

St Catharines $ 178 $ (35) $ (87) $ (19) $ 88

Minto $ 196 $ 113 $ (11) $ 98

King $ (766) $ (718) $ (364) $ (201) $ 100

Cornwall $ 292 $ 154 $ 175 $ 36 $ 126

Brant County $ (485) $ (309) $ (187) $ (373) $ 142

Erin $ 79 $ 174 $ 172 $ 146

Mapleton $ 383 $ 384 $ 178

St Marys (91) $ 247 $ 269 $ 183 $

Municipal Financial Indicators 66

Municipal Study 2018

Financial Position Per CapitamdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Tillsonburg $ (21) $ 10 $ 60 $ 52 $ 230

Georgina $ 132 $ 192 $ 205 $ 246 $ 243

Brockton $ 277

Wainfleet $ 319 $ 512 $ 539 $ 424 $ 347

Welland $ 28 $ 25 $ 68 $ 220 $ 365

Tay $ 379

Grey Highlands $ 275 $ 401 $ 320 $ 398 $ 384

Huntsville $ (6) $ 133 $ 206 $ 282 $ 425

Hamilton $ 315 $ 259 $ 154 $ 263 $ 435

Collingwood $ (369) $ (146) $ (244) $ 241 $ 448

Caledon $ 517 $ 359 $ 355 $ 460 $ 462

North Bay $ 39 $ 176 $ 122 $ 323 $ 464

Puslinch $ 395 $ 448 $ 492 $ 528

Saugeen Shores $ 358 $ 360 $ 358 $ 518 $ 590

Springwater $ 434 $ 458 $ 498 $ 581 $ 649

Cambridge $ 707 $ 717 $ 722 $ 726 $ 650

Sarnia $ 152 $ 94 $ 213 $ 376 $ 652

Lambton Shores $ (889) $ (606) $ (262) $ 222 $ 655

Tiny $ 656

Brampton $ 866 $ 672 $ 731 $ 688 $ 661

London $ 294 $ 334 $ 508 $ 613 $ 670

Clarington $ 648 $ 600 $ 596 $ 655 $ 677

Windsor $ 510 $ 618 $ 653 $ 731 $ 715

Milton $ 774 $ 774 $ 856 $ 970 $ 717

Guelph $ 247 $ 405 $ 572 $ 658 $ 719

Peterborough $ 1235 $ 1157 $ 981 $ 915 $ 758

Centre Wellington $ 580 $ 571 $ 836 $ 817

Strathroy‐Caradoc $ (130) $ 28 $ 248 $ 638 $ 832

Ingersoll $ 43 $ 242 $ 431 $ 640 $ 856

North Middlesex $ 383 $ 685 $ 887

Kitchener $ 764 $ 802 $ 872 $ 918 $ 888

Wellesley $ 915 $ 854 $ 861 $ 904 $ 890

Fort Erie $ 530 $ 654 $ 759 $ 829 $ 890

Elliot Lake $ 228 $ 335 $ 510 $ 748 $ 892

East Gwillimbury $ 333 $ 421 $ 459 $ 522 $ 894

Burlington 889 $ 880 $ 920 $ 905 $ 927 $

Municipal Financial Indicators 67

Municipal Study 2018

Financial Position Per CapitamdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Newmarket 719 $ 716 $ 708 $ 881 $ 927 $

Espanola 444 $ 934 $

Mississauga 604 $ 495 $ 640 $ 691 $ 948 $

Chatham‐Kent 241 $ 440 $ 704 $ 948 $

Sault Ste Marie 675 $ 693 $ 772 $ 727 $ 983 $

Parry Sound 1347 $ 1245 $ 1228 $ 995 $

Brock 601 $ 766 $ 868 $ 953 $ 1039 $

Whitby 994 $ 994 $ 999 $ 1097 $ 1051 $

Woolwich 912 $ 915 $ 1000 $ 1169 $ 1100 $

Halton Hills 682 $ 771 $ 737 $ 992 $ 1117 $

Brantford 1132 $ 1132 $

Greater Sudbury 1126 $ 906 $ 1042 $ 1226 $ 1162 $

Grimsby 1314 $ 1276 $ 1444 $ 1174 $

Lincoln 1212 $ 1154 $ 1279 $ 1313 $ 1197 $

Thorold 832 $ 961 $ 1052 $ 1196 $ 1213 $

Markham 1327 $ 1285 $ 1247 $ 1223 $ 1262 $

Waterloo 1190 $ 1253 $ 1238 $ 1259 $ 1283 $

North Dumfries 1010 $ 1151 $ 1238 $ 1291 $

Orillia 817 $ 776 $ 1271 $ 1357 $ 1310 $

West Lincoln 1224 $ 1104 $ 1056 $ 1068 $ 1343 $

Richmond Hill 1421 $ 1350 $

Wilmot 1051 $ 1091 $ 1111 $ 1249 $ 1403 $

Pickering 940 $ 1134 $ 1205 $ 1288 $ 1454 $

Niagara‐on‐the‐Lake 1462 $ 1607 $ 1421 $ 1541 $ 1456 $

Oakville 1620 $ 1884 $ 1328 $ 1522 $ 1486 $

Wellington North 950 $ 1177 $ 1493 $ 1589 $

Bracebridge 1376 $ 1555 $ 1680 $ 1839 $ 1666 $

Vaughan 957 $ 1029 $ 1007 $ 1124 $ 1688 $

Haldimand 1461 $ 1513 $ 1688 $

Kincardine 2280 $ 2570 $ 2366 $ 2578 $

Kenora 1740 $ 1861 $ 4555 $ 4799 $ 4634 $

Innisfil 413 $ 378 $ 412 $ 4983 $ 4914 $

Average $ 166 $ 251 $ 320 $ 438 $ 435 Median $ 317 $ 378 $ 437 $ 613 $ 651

Column1 1 2 3 4 5

Municipal Financial Indicators 68

Municipal Study 2018

Financial Position Per CapitamdashTrend (contrsquod)

Municipality

Region Waterloo

Region York

Region Niagara

Region Peel

District Muskoka

Region Durham

Region Halton

$

$

$

$

$

$

$

2013

(744)

(1218)

(1)

(37)

(332)

1121

1444

$

$

$

$

$

$

$

2014

(987)

(1362)

(65)

(69)

(204)

1203

1600

$

$

$

$

$

$

$

2015

(1044)

(1215)

(155)

(101)

38

1327

1965

$

$

$

$

$

$

$

2016

(1229)

(1209)

(223)

8

303

1579

2097

$

$

$

$

$

$

$

2017

(1272)

(1052)

(180)

71

600

1799

2108

Average Median

$ $

33 (37)

$ $

17 (69)

$ $

116 (101)

$ $

189 8 $ $

296 71

Simcoe County

Bruce County

Dufferin County

Wellington County

Grey County

Elgin County

$ 304

$

$

$

$

$

$

(133)

(161)

(1)

371

395

235

$

$

$

$

$

$

(137)

(90)

65

442

378

262

$

$

$

$

$

$

(67)

(58)

83

186

326

339

Average Median

$ $

304 304

$ $

118 117

$ $

153 163

$ $

135 134

Municipal Financial Indicators 69

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend

Municipality 2013 2014 2015 2016 2017

Ottawa

Bancroft

Quinte West

Kingston

Prince Edward County

Brockville

Belleville

North Stormont

Cornwall

Peterborough Column1

Eastern Average

Eastern Median

$

$

$

$

$

$

$

$

$

$

$

(1448)

(383)

(1060)

(1184)

(1238)

386

223

292

1235

(353)

(383)

$

$

$

$

$

$

$

$

$

$

$

(1634)

(583)

(1341)

(1239)

(1234)

179

(91)

154

1157

(515)

(583)

$

$

$

$

$

$

$

$

$

$

$

(1736)

(1170)

(1283)

(1209)

(1201)

(308)

(119)

175

981

(652)

(1170)

$

$

$

$

$

$

$

$

$

$

$

(1998)

(1657)

(1365)

(1446)

(1271)

(456)

(62)

36

915

(812)

(1271)

$

$

$

$

$

$

$

$

$

$

$

$

(2299)

(2053)

(1575)

(1434)

(1366)

(1334)

(639)

11

126

758

(980)

(1350)

Municipality

Column1

2013 2014 2015 2016 2017

Toronto

Whitchurch ‐ Stouffville

Oshawa

King

Georgina

Caledon

Brampton

Clarington

Milton

East Gwillimbury

Burlington

Newmarket

Mississauga

Brock

Whitby

Halton Hills

Markham

Richmond Hill

Pickering

Oakville

Vaughan

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1668)

(329)

(393)

(766)

132

517

866

648

774

333

889

719

604

601

994

682

1327

940

1620

957

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1962)

(150)

(340)

(718)

192

359

672

600

774

421

880

716

495

766

994

771

1285

1134

1884

1029

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(2192)

(63)

(272)

(364)

205

355

731

596

856

459

920

708

640

868

999

737

1247

1205

1328

1007

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(2379)

(166)

(170)

(201)

246

460

688

655

970

522

905

881

691

953

1097

992

1223

1421

1288

1522

1124

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(2460)

(212)

(23)

100

243

462

661

677

717

894

927

927

948

1039

1051

1117

1262

1350

1454

1486

1688

GTA Average

GTA Median Column1

$

$

500

682

$

$

520

716

$

$

517

731

$

$

641

893

$

$

681

927

Municipal Financial Indicators 70

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Greenstone

Thunder Bay

Timmins

North Bay

Elliot Lake

Espanola

Sault Ste Marie

Parry Sound

Greater Sudbury

Kenora

$

$

$

$

$

$

$

$

$

(3734)

(954)

(482)

39

228

675

1126

1740

$

$

$

$

$

$

$

$

$

(3669)

(1349)

(677)

176

335

693

1347

906

1861

$

$

$

$

$

$

$

$

$

$

(3082)

(1447)

(923)

122

510

444

772

1245

1042

4555

$

$

$

$

$

$

$

$

$

(2610)

(1572)

(990)

323

748

727

1228

1226

4799

$

$

$

$

$

$

$

$

$

$

(2117)

(1301)

(961)

464

892

934

983

995

1162

4634

North Average

North Median

$

$

(151)

39

$

$

(42)

335

$

$

324

477

$

$

431

727

$

$

568

913

Municipality

Column1

2013 2014 2015 2016 2017

Barrie

Gravenhurst

Penetanguishene

Orangeville

Tay

Huntsville

Collingwood

Springwater

Tiny

Orillia

Bracebridge

Innisfil

$

$

$

$

$

$

$

$

$

(1538)

(1197)

(363)

(6)

(369)

434

817

1376

413

$

$

$

$

$

$

$

$

$

(1396)

(1134)

(202)

133

(146)

458

776

1555

378

$

$

$

$

$

$

$

$

$

(1492)

(1066)

(60)

206

(244)

498

1271

1680

412

$

$

$

$

$

$

$

$

$

(1329)

(829)

(198)

282

241

581

1357

1839

4983

$

$

$

$

$

$

$

$

$

$

$

$

(938)

(520)

(399)

(21)

379

425

448

649

656

1310

1666

4914

SimcoeMuskDuff Average

SimcoeMuskDuff Median Column1

$

$

(48)

(6)

$

$

47

133

$

$

134

206

$

$

770

282

$

$

714

437

Municipal Financial Indicators 71

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Owen Sound

North Perth

Stratford

St Thomas

Norfolk

Middlesex Centre

Guelph‐Eramosa

Meaford

Minto

Brant County

Erin

Mapleton

St Marys

Tillsonburg

Brockton

Grey Highlands

Puslinch

Saugeen Shores

Cambridge

Sarnia

Lambton Shores

London

Windsor

Guelph

Centre Wellington

Strathroy‐Caradoc

Ingersoll

North Middlesex

Kitchener

Wellesley

Chatham‐Kent

Woolwich

Brantford

Waterloo

North Dumfries

Wilmot

Wellington North

Haldimand

Kincardine

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(774)

(1171)

(1621)

814

(847)

(521)

(485)

(21)

275

358

707

152

(889)

294

510

247

(130)

43

764

915

912

1190

1051

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(700)

(1581)

653

(766)

(50)

(372)

196

(309)

79

383

(91)

10

401

395

360

717

94

(606)

334

618

405

580

28

242

802

854

241

915

1253

1010

1091

950

2280

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1099)

(856)

(1267)

434

(633)

(53)

(304)

113

(187)

174

384

247

60

320

448

358

722

213

(262)

508

653

572

571

248

431

383

872

861

440

1000

1238

1151

1111

1177

1461

2570

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1288)

(899)

(1002)

128

(132)

(408)

(205)

(95)

(11)

(373)

172

269

52

398

492

518

726

376

222

613

731

658

836

638

640

685

918

904

704

1169

1132

1259

1238

1249

1493

1513

2366

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1379)

(959)

(773)

(275)

(267)

(152)

(74)

73

98

142

146

178

183

230

277

384

528

590

650

652

655

670

715

719

817

832

856

887

888

890

948

1100

1132

1283

1291

1403

1589

1688

2578

Southwest Average

Southwest Median Column1

$

$

49

200 1

$

$

315

360 2

$

$

391

408 3

$

$

478

613 4

$

$

543

652 5

Municipal Financial Indicators 72

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Pelham

Port Colborne

St Catharines

Wainfleet

Welland

Hamilton

Fort Erie

Grimsby

Lincoln

Thorold

West Lincoln

Niagara‐on‐the‐Lake

$

$

$

$

$

$

$

$

$

$

(133)

178

319

28

315

530

1212

832

1224

1462

$

$

$

$

$

$

$

$

$

$

$

$

(432)

(498)

(35)

512

25

259

654

1314

1154

961

1104

1607

$

$

$

$

$

$

$

$

$

$

$

$

(531)

(343)

(87)

539

68

154

759

1276

1279

1052

1056

1421

$

$

$

$

$

$

$

$

$

$

$

$

(803)

(741)

(19)

424

220

263

829

1444

1313

1196

1068

1541

$

$

$

$

$

$

$

$

$

$

$

$

(1764)

(1404)

88

347

365

435

890

1174

1197

1213

1343

1456

NiagaraHamilton Average

NiagaraHamilton Median Column1

$

$

629

530

$

$

552

583

$

$

604

759

$

$

619

829

$

$

445

663

Municipality 2013 2014 2015 2016 2017

Region Waterloo

Region York

Region Niagara

Region Peel

District Muskoka

Region Durham

Region Halton

$

$

$

$

$

$

$

(744)

(1218)

(1)

(37)

(332)

1121

1444

$

$

$

$

$

$

$

(987)

(1362)

(65)

(69)

(204)

1203

1600

$

$

$

$

$

$

$

(1044)

(1215)

(155)

(101)

38

1327

1965

$

$

$

$

$

$

$

(1229)

(1209)

(223)

8

303

1579

2097

$

$

$

$

$

$

$

(1272)

(1052)

(180)

71

600

1799

2108

Average

Median

$

$

33

(37)

$

$

17

(69)

$

$

116

(101)

$

$

189

8

$

$

296

71

Simcoe County

Bruce County

Dufferin County

Wellington County

Grey County

Elgin County

$ 304

$

$

$

$

$

$

(133)

(161)

(1)

371

395

235

$

$

$

$

$

$

(137)

(90)

65

442

378

262

$

$

$

$

$

$

(67)

(58)

83

186

326

339

Average

Median

$

$

$

$

304

304

$

$

118

117

$

$

153

163

$

$

135

134

Municipal Financial Indicators 73

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend

Municipality 2013 2014 2015 2016 2017

Innisfil (026) (024) (023) (308) (315)

North Dumfries (159) (169) (171) (181)

Wilmot (144) (152) (152) (157) (177)

Kenora (075) (076) (184) (181) (176)

Pickering (121) (141) (140) (145) (166)

Wellesley (192) (161) (157) (152) (157)

Bracebridge (149) (162) (162) (169) (152)

Woolwich (146) (142) (154) (141) (151)

Wellington North (083) (103) (124) (137)

Vaughan (090) (099) (094) (086) (136)

Lincoln (149) (136) (151) (144) (135)

Grimsby (149) (142) (149) (132)

Markham (142) (135) (129) (116) (125)

Kincardine (108) (118) (108) (117)

Brock (073) (088) (099) (108) (116)

Halton Hills (083) (087) (080) (100) (115)

Richmond Hill (120) (114)

West Lincoln (185) (169) (146) (140) (112)

Oakville (137) (156) (110) (116) (112)

Whitby (118) (119) (117) (112) (098)

Mississauga (071) (056) (071) (066) (093)

Waterloo (087) (089) (088) (087) (092)

Thorold (063) (076) (082) (087) (091)

Niagara‐on‐the‐Lake (104) (109) (092) (097) (090)

Milton (094) (091) (099) (114) (085)

Clarington (089) (080) (077) (079) (085)

Burlington (083) (082) (084) (079) (080)

Centre Wellington (057) (057) (071) (079)

Puslinch (061) (070) (068) (076)

Newmarket (063) (063) (060) (068) (074)

Haldimand (053) (067) (074)

Ingersoll (004) (020) (035) (051) (071)

Brampton (122) (077) (080) (067) (068)

Springwater (050) (052) (054) (058) (065)

Strathroy‐Caradoc 012 (002) (021) (049) (062)

Fort Erie (039) (048) (053) (053) (059)

Municipal Financial Indicators 74

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Kitchener (052) (054) (060) (061) (058)

Tiny (057)

Elliot Lake (014) (022) (031) (045) (055)

Orillia (038) (035) (054) (055) (054)

Cambridge (062) (063) (063) (058) (053)

North Middlesex (028) (043) (050)

East Gwillimbury (031) (037) (040) (026) (049)

Brantford (047) (049)

Greater Sudbury (049) (039) (045) (050) (047)

Huntsville 001 (015) (024) (032) (045)

Sault Ste Marie (030) (030) (033) (031) (041)

Caledon (049) (033) (031) (038) (040)

Chatham‐Kent (011) (021) (032) (040)

Sarnia (011) (006) (014) (022) (039)

Espanola (036)

Parry Sound (045) (045) (041) (034)

Lambton Shores 052 031 012 (011) (034)

Saugeen Shores (022) (022) (021) (028) (033)

Wainfleet (035) (055) (057) (045) (031)

Peterborough (053) (050) (042) (036) (031)

London (014) (016) (023) (027) (030)

Grey Highlands (024) (035) (027) (031) (030)

Windsor (023) (027) (027) (030) (030)

Guelph (010) (016) (022) (025) (028)

Tay (028)

Welland (002) (002) (005) (015) (025)

Georgina (014) (018) (018) (021) (021)

Mapleton (060) (052) (021)

Collingwood 016 006 010 (010) (020)

Brockton (020)

Tillsonburg 002 (001) (005) (004) (019)

North Bay (002) (008) (005) (013) (019)

Hamilton (014) (012) (007) (011) (018)

Erin (010) (020) (020) (018)

Minto (016) (009) 001 (008)

St Catharines (017) 003 008 002 (007)

Municipal Financial Indicators 75

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

St Marys 003 (009) (010) (007)

Brant County 030 012 011 020 (006)

King 042 037 018 012 (006)

Cornwall (014) (007) (008) (001) (005)

Meaford 033 023 018 005 (004)

North Stormont (021) 010 013 009 (002)

Orangeville 024 013 004 011 001

Oshawa 042 035 026 015 002

Guelph‐Eramosa 007 007 025 009

Middlesex Centre 073 063 042 025 010

St Thomas (045) (035) (023) (006) 013

Norfolk 007 015

Whitchurch ‐ Stouffville 036 015 007 015 019

Penetanguishene 023

Belleville (018) (008) 013 019 026

Stratford 064 063 048 036 028

Thunder Bay 024 033 033 037 030

Timmins 021 029 038 038 036

Gravenhurst 109 099 085 061 038

Barrie 078 070 072 059 042

Kingston 039 048 046 045 047

Greenstone 096 090 073 059 048

North Perth 088 054 049 049

Brockville 058 058 052 052 055

Owen Sound 041 037 056 062 066

Prince Edward County 074 072 065 073 069

Toronto 056 065 068 070 076

Ottawa 056 062 066 071 084

Port Colborne 046 023 057 090

Quinte West 029 041 077 101 093

Bancroft 112

Pelham 015 047 057 074 163

Average (029) (031) (035) (040) (040)

Median (022) (022) (027) (032) (034)

Municipal Financial Indicators 76

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend (contrsquod)

Municipality

Region Halton

Region Durham

District Muskoka

Region Peel

Region Niagara

Region York

Region Waterloo

2013

(125)

(085)

017

004

000

102

062

2014

(137)

(088)

010

007

005

111

080

2015

(164)

(096)

(002)

010

012

093

083

2016

(167)

(106)

(015)

(001)

017

086

091

2017

(175)

(122)

(030)

(007)

014

075

097

Average

Median

(004)

004

(002)

007

(009)

010

(013)

(001)

(021)

(007)

Grey County

Elgin County

Wellington County

Dufferin County

Bruce County

Simcoe County

(027)

(051)

(028)

(032)

000

019

021

(051)

(031)

(036)

(009)

011

022

(043)

(039)

(038)

(010)

007

010

Average

Median

(027)

(027)

(012)

(014)

(016)

(020)

(019)

(024)

Municipal Financial Indicators 77

Municipal Study 2018

Total Asset Consumption Ratio

This indicator provides an estimate of the useful life left in the municipalityrsquos capital assets

Municipalities are facing significant infrastructure challenges Therefore it is important to keep informed of the age and condition of its capital assets to ensure they are making timely and appropriate investments This is calculated using Schedule 51 of the Financial Information Return

Formula

Total Accumulated Amortization

Total Gross Costs of Capital Assets

Interpretations

This ratio shows the value of the tangible capital assets that have been consumed This ratio seeks to highlight the aged condition of the assets and the potential asset replacement needs A higher ratio may

indicate significant replacement needs However if assets are renewed and replaced in accordance with an asset management plan a high ratio should not be a cause for concern The Ministry of Municipal Affairs and Housing considers a ratio of 25 or under to be relatively new 26‐50 to be moderately new 51‐75 to be moderately old and over 75 to be old

Summarymdash2017 Asset Consumption RatiomdashTotal Survey

0‐25

26‐50

51‐75

greater than 75

Total Asset Consumption Tax Asset Consumption

Municipal Financial Indicators 78

Municipal Study 2018

Total Asset Consumption Ratio Trend

Municipalities 2013 2014 2015 2016 2017

Vaughan 109 112 115 120 120

Markham 183 188 194 199 198

Mississauga 174 182 191 196 204

Grimsby 244 252 262 272 271

Penetanguishene 274

Whitchurch ‐ Stouffville 244 254 266 269 275

Milton 286 285 269 283 290

Ottawa 269 268 276 284 292

Barrie 246 261 270 281 294

Woolwich 256 265 275 290 298

Niagara‐on‐the‐Lake 268 273 280 291 302

Brampton 274 278 279 290 302

Lambton Shores 272 283 298 294 310

Kitchener 338 339 307 304 314

St Marys 289 300 314 317 319

Oakville 310 319 315 320 319

Georgina 254 271 286 303 319

Middlesex Centre 284 303 312 321 326

Tay 331

North Middlesex 304 322 337

Innisfil 293 298 296 334 339

North Perth 324 327 340

Springwater 295 310 324 338 352

Owen Sound 376 382 359 350 355

Burlington 326 335 341 349 358

London 339 346 353 359 362

North Stormont 326 325 335 351 369

Guelph‐Eramosa 338 344 361 376 371

King 447 422 394 393 377

Newmarket 357 362 375 373 377

East Gwillimbury 384 392 402 375 379

Hamilton 362 371 368 370 379

Port Colborne 354 373 384 393 380

Kingston 358 359 369 367 380

West Lincoln 360 369 376 370 380

Whitby 341 354 368 378 384

Municipal Financial Indicators 79

Municipal Study 2018

Total Asset Consumption Ratio (contrsquod)

Municipalities 2013 2014 2015 2016 2017

Ingersoll 362 362 369 371 386

Parry Sound 344 362 376 381 386

Brockville 370 382 395 397 388

Waterloo 351 359 369 381 389

Stratford 357 368 378 390 389

Orillia 357 367 382 383 390

Centre Wellington 390 372 376 387 391

Toronto 425 425 416 409 393

Espanola 377 393

Brant County 394 397 395 386 395

Collingwood 353 368 382 381 396

Thorold 367 365 373 392 397

Welland 346 359 375 385 397

Clarington 374 379 380 388 400

Wilmot 390 410 358 383 401

Cambridge 404 401 397 391 404

Oshawa 383 386 391 399 406

Peterborough 386 387 395 404 408

Norfolk 399 410

St Catharines 403 390 388 400 410

Belleville 407 417 426 420 411

Saugeen Shores 354 374 387 401 413

Sault Ste Marie 380 383 394 401 416

Fort Erie 366 383 394 406 419

Richmond Hill 390 415 422

Sarnia 376 392 407 419 423

Lincoln 431 401 413 416 428

Cornwall 452 454 420 423 428

Strathroy‐Caradoc 403 403 403 423 428

Windsor 389 392 410 423 430

Orangeville 397 388 402 427 437

Pelham 398 408 413 427 437

Tillsonburg 393 413 422 439 441

North Bay 413 413 415 428 445

Timmins 475 486 490 422 445

St Thomas 453 459 467 466 446

Municipal Financial Indicators 80

Municipal Study 2018

Total Asset Consumption Ratio (contrsquod)

Municipalities 2013 2014 2015 2016 2017

Prince Edward County 408 424 435 436 449

Guelph 409 421 435 440 450

Wainfleet 459 477 472 478 451

Halton Hills 430 434 424 436 453

Minto 441 447 447 457 463

Kenora 368 441 389 399 468

Erin 412 429 443 455 469

Haldimand 470 473 475

Bracebridge 436 451 452 466 477

Chatham‐Kent 439 450 460 474 479

Brantford 475 482

Brockton 483

Bancroft 490

Pickering 507 520 503 506 502

Greater Sudbury 491 493 486 497 503

Kincardine 426 439 445 446 505

Huntsville 412 440 468 484 507

Meaford 495 510 513 515 512

Caledon 526 558 549 532 512

Brock 445 465 482 498 516

Wellington North 495 510 526 534 542

Grey Highlands 482 505 515 533 547

Greenstone 490 503 526 541 551

Tiny 551

Thunder Bay 544 551 550 552 566

Gravenhurst 341 359 381 405 571

North Dumfries 197 220 338 348 621

Mapleton 619 628 646 639

Quinte West 658 667 662 668 654

Puslinch 632 642 651 657

Wellesley 621 646 671 692 716

Elliot Lake 784 788 787 793 796

Average 380 388 396 402 418

Median 376 383 387 393 405

Municipal Financial Indicators 81

Municipal Study 2018

Total Asset Consumption Ratio (contrsquod)

Municipalities

Region York

Region Halton

Region Peel

Region Durham

Region Waterloo

Region Niagara

District Muskoka

2013

320

257

251

316

413

424

413

2014

322

264

255

320

421

427

433

2015

291

258

260

330

415

432

440

2016

279

264

270

328

424

416

460

2017

266

271

282

336

347

425

478

Average

Median

342

320

349

322

347

330

349

328

344

336

Simcoe County

Wellington County

Dufferin County

Bruce County

Elgin County

Grey County

391

322

406

419

417

446

580

330

419

422

423

457

593

344

426

431

436

465

596

Average

Median

391

391

432

418

441

422

450

434

Municipal Financial Indicators 82

Municipal Study 2018

Tax Asset Consumption Ratio

Municipalities 2017

Vaughan 107

Markham 167

Mississauga 204

Grimsby 253

Barrie 281

Milton 290

Ottawa 300

Brampton 302

Whitchurch ‐ Stouffville 304

Woolwich 317

Oakville 319

North Perth 328

Kitchener 329

Penetanguishene 334

Innisfil 339

Niagara‐on‐the‐Lake 340

East Gwillimbury 341

St Marys 344

Collingwood 345

London 350

Burlington 358

Georgina 359

Owen Sound 367

Tay 368

Springwater 372

Orillia 374

Newmarket 377

North Middlesex 380

Port Colborne 382

Middlesex Centre 384

Whitby 384

Ingersoll 386

Stratford 386

Lambton Shores 392

Toronto 394

St Thomas 394

Municipalities 2017

Hamilton 399

Guelph‐Eramosa 399

Peterborough 400

Clarington 400

Kingston 405

Waterloo 406

Oshawa 406

North Stormont 412

Sault Ste Marie 414

Sarnia 417

Welland 418

Norfolk 419

Brant County 425

Espanola 426

Parry Sound 428

West Lincoln 429

Cambridge 433

Windsor 433

Wilmot 434

Pelham 437

Centre Wellington 440

Richmond Hill 440

St Catharines 443

King 443

Tillsonburg 444

Guelph 448

Wainfleet 451

Halton Hills 453

Thorold 457

Brockville 457

Belleville 457

Cornwall 462

Fort Erie 468

Bracebridge 477

Lincoln 479

Orangeville 482

Municipal Financial Indicators 83

Municipal Study 2018

Tax Asset Consumption Ratio

Municipalities 2017

North Bay

Chatham‐Kent

Saugeen Shores

Kenora

Meaford

Erin

Pickering

Prince Edward County

Huntsville

Caledon

Haldimand

Brock

Brockton

Kincardine

Brantford

Minto

Timmins

Grey Highlands

Greater Sudbury

Strathroy‐Caradoc

Tiny

Thunder Bay

Greenstone

Gravenhurst

Bancroft

North Dumfries

Wellington North

Puslinch

Mapleton

Quinte West

Wellesley

Elliot Lake

486

486

489

497

498

501

502

504

507

512

513

516

519

524

527

539

548

550

554

568

569

569

571

571

615

621

623

657

672

701

716

784

Average

Median

438

431

Municipalities 2017

Region Waterloo

Region Halton

Region York

Region Peel

Region Durham

Region Niagara

District Muskoka

298

301

334

358

380

387

520

Average

Median

368

358

Simcoe County

Wellington County

Dufferin County

Bruce County

Elgin County

Grey County

344

426

431

436

465

596

Average

Median

450

434

Municipal Financial Indicators 84

Municipal Study 2018

Reserves

Reserves are a critical component of a municipalityrsquos long‐term financing plan The purpose for maintaining reserves is to

Provide stability of tax rates in the face of variable and uncontrollable factors (consumption interest

rates unemployment rates changes in subsidies)

Provide financing for one‐time or short‐term requirements without permanently impacting the tax and

utility rates

Make provisions for replacementsacquisitions of assetsinfrastructure that are currently being

consumed and depreciated

Avoid spikes in funding requirements of the capital budget by reducing their reliance on long‐term debt borrowings

Provide a source of internal financing

Ensure adequate cash flows

Provide flexibility to manage debt levels and protect the municipalityrsquos financial position

Provide for future liabilities incurred in the current year but paid for in the future

Three financial indicators have been included for tax reserves In each case the water and wastewater reserves and reserve funds have been excluded as well as obligatory reserve funds

Reserve Financial Indicator One Tax Discretionary Reserves as a of Taxation

This provides the total tax discretionary reserves and reserve funds using Schedule 60 of the Financial Information Returns (columns 2 and 3) in relation to total taxation (Schedule 10 of the Financial Information Return)

Formula

Tax Discretionary Reserves

Taxation

Municipal Financial Indicators 85

Municipal Study 2018

Reserve Financial Indicator Two Tax Discretionary Reserves per Capita

This provides the total tax discretionary reserves in relation to the population

Formula

Tax Discretionary Reserves

Population

Reserve Financial Indicator Three Tax Discretionary Reserves as a of Own Source Revenues

This indicator shows the total value of funds held in reserves and reserve funds compared to a single yearrsquos own source revenue and is a strong indicator of financial stability This provides the total tax discretionary reserves and reserve funds using Schedule 60 of the Financial Information Returns (columns 2 and 3) in relation to own source revenues (Schedule 81 of the Financial Information Return less water and wastewater own source revenues which are on Schedule 12)

Formula

Tax Discretionary Reserves

Own Source Revenues

Interpretations

Reserves offer liquidity which enhances the municipalityrsquos flexibility in addressing operating

requirements and in permitting the municipality to temporarily fund capital projects internally allowing

it time to access debt markets and take advantage of favourable conditions The level of reserves required will vary for a number of reasons including

Services provided by the municipality

Age and condition of infrastructure inventory of fleet and vehicles supporting municipal operations

Level of expenditures

Internal debt and reserve policies

Targets ranges established on a reserve by reserve basis

Economic conditions and projections

Municipal Financial Indicators 86

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend

Municipality 2013 2014 2015 2016 2017

Orillia ‐21 ‐12 ‐5 ‐17 ‐33

Pelham 15 9 18 25 ‐7

Newmarket 32 15 ‐3 2 3

Brockville 12 14 13 15 17

St Thomas 27 20 18 25 21

Strathroy‐Caradoc 4 3 5 21 24

Tillsonburg 31 33 26 23 28

Markham 156 111 99 80 29

Ottawa 23 24 22 23 29

Barrie 31 30 31 31 30

Guelph 41 36 33 36 30

Sault Ste Marie 28 28 30 28 32

Prince Edward County 39 38 42 39 33

Brantford 42 36

Timmins 31 33 32 34 36

Greenstone 27 28 35 38 37

Belleville 23 24 28 33 38

Orangeville 20 20 25 33 38

Tiny 39

Quinte West 38 34 32 35 39

North Bay 29 29 29 38 42

Bancroft 42

Sarnia 25 26 27 32 43

Greater Sudbury 54 54 57 52 44

Wilmot 51 56 56 42 45

St Catharines 56 53 41 43 45

Kitchener 34 36 45 45 46

Huntsville 51 60 39 40 47

Toronto 53 48 45 45 47

Whitchurch ‐ Stouffville 89 88 87 67 49

Woolwich 57 47 46 53 49

Windsor 52 53 56 56 50

Niagara‐on‐the‐Lake 61 60 51 63 52

Waterloo 77 88 76 55 54

Stratford 50 49 52 53 55

Caledon 79 74 54 57 55

Municipal Financial Indicators 87

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Erin 48 49 57 56

Guelph‐Eramosa 44 48 51 56

Grey Highlands 63 48 52 58 57

Meaford 37 45 46 48 59

Hamilton 62 61 58 56 59

Thunder Bay 67 59 55 52 59

Oshawa 38 34 46 52 59

Espanola 60

Grimsby 91 82 65 61

Collingwood 65 59 59 53 61

Penetanguishene 62

Lincoln 101 78 75 70 62

Cornwall 64 66 66 62 63

Peterborough 65 63 61 64 63

Cambridge 54 56 64 64 63

Minto 58 60 57 68

North Stormont 57 50 48 64 70

Ingersoll 33 30 42 55 70

Innisfil 82 76 70 63 71

Georgina 54 60 62 65 71

Centre Wellington 94 92 114 71

Wainfleet 66 87 90 80 75

Fort Erie 56 61 69 73 77

St Marys 78 87 82 78

Bracebridge 77 74 52 59 80

Mississauga 79 79 80 85 81

Norfolk 86 81

Vaughan 85 79 70 102 83

Brampton 68 71 73 76 83

Burlington 79 78 80 84 84

Welland 81 76 70 80 84

Kincardine 137 112 93 85

Kingston 76 73 80 80 86

King 59 63 82 83 86

Gravenhurst 91 83 73 76 86

London 61 76 78 81 88

Municipal Financial Indicators 88

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Owen Sound

Tay

Brant County

Lambton Shores

Middlesex Centre

Port Colborne

Chatham‐Kent

North Perth

Parry Sound

Halton Hills

Brockton

Kenora

Wellington North

Wellesley

Springwater

Puslinch

Oakville

Elliot Lake

Pickering

Whitby

North Dumfries

Clarington

Milton

Saugeen Shores

Mapleton

North Middlesex

Brock

Richmond Hill

Thorold

West Lincoln

East Gwillimbury

102

30

32

79

62

110

115

154

104

65

53

112

0

139

119

159

118

182

155

69

103

100

45

76

41

86

138

64

111

137

100

156

82

132

71

80

109

54

138

112

144

55

127

193

157

74

98

94

64

83

89

98

90

123

71

117

132

101

104

94

113

70

75

110

50

129

160

132

94

125

135

207

133

72

91

92

77

93

94

94

91

111

87

106

103

105

101

93

112

100

74

111

63

120

171

129

141

150

189

192

124

156

90

90

92

93

93

94

95

95

95

96

96

98

98

101

101

102

104

105

110

111

111

119

124

126

131

154

155

173

196

204

208

Average

Median

65

61

68

61

70

69

74

65

73

68

Municipal Financial Indicators 89

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Region Waterloo

Region Niagara

District Muskoka

Region Peel

Region Durham

Region Halton

Region York

40

42

67

119

113

155

178

48

43

67

120

122

172

191

42

47

72

119

137

208

212

44

45

79

126

150

219

223

41

46

91

127

165

214

223

Average

Median

102

113

109

120

120

119

126

126

130

127

Elgin County

Bruce County

Dufferin County

Wellington County

Grey County

Simcoe County

80

21

55

50

83

90

63

32

57

59

75

87

69

48

58

66

79

85

87

Average

Median

80

80

60

59

63

64

71

73

Municipal Financial Indicators 90

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend

Municipality 2013 2014 2015 2016 2017

Orillia ‐17 ‐10 ‐4 ‐13 ‐27

Pelham 13 7 16 20 ‐6

Newmarket 23 11 ‐2 2 2

Brockville 10 11 11 11 13

St Thomas 21 16 15 20 17

Markham 90 65 59 49 18

Strathroy‐Caradoc 3 3 4 16 18

Kitchener 14 15 19 20 19

Tillsonburg 23 23 18 17 20

Ottawa 16 17 16 16 21

Guelph 31 27 25 28 23

Toronto 28 25 22 22 23

Barrie 25 24 25 25 24

Sault Ste Marie 20 21 22 21 24

Thunder Bay 27 24 22 23 24

Timmins 23 25 25 26 26

Brantford 30 26

Prince Edward County 31 30 34 31 27

Greenstone 19 21 27 29 28

Wilmot 31 36 37 28 28

Niagara‐on‐the‐Lake 38 37 32 38 29

Orangeville 16 16 20 28 30

Whitchurch ‐ Stouffville 61 56 59 47 31

Belleville 19 20 24 28 31

Woolwich 40 33 32 31 32

St Catharines 42 39 29 31 32

Huntsville 38 40 27 29 32

North Bay 22 22 23 30 33

Greater Sudbury 39 39 41 38 33

Tiny 33

Windsor 38 38 38 36 33

Sarnia 20 20 21 26 34

Quinte West 34 30 29 32 35

Waterloo 49 56 50 35 35

Bancroft 36

Stratford 35 34 36 37 37

Municipal Financial Indicators 91

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Caledon 54 53 39 40 40

Minto 36 39 37 43

Erin 36 32 45 43

Oshawa 29 26 33 37 43

Centre Wellington 53 56 60 44

Hamilton 46 46 44 42 44

Cornwall 44 46 47 44 44

Guelph‐Eramosa 33 38 40 45

Peterborough 43 44 43 45 45

Innisfil 55 53 51 41 46

Grey Highlands 45 37 42 46 47

Espanola 34 47

North Stormont 0 0 0 43 47

Cambridge 39 42 50 49 48

Meaford 31 38 38 40 48

Lincoln 74 58 60 55 48

Penetanguishene 49

Collingwood 52 45 46 43 50

Grimsby 0 74 65 51 50

Mississauga 48 50 51 52 50

St Marys 57 64 60 51

Wainfleet 52 69 73 67 53

Vaughan 59 57 50 70 55

Welland 51 53 48 57 56

Brant County 25 51 78 77 57

Kincardine 47 70 69 58

Kingston 52 49 55 56 58

Burlington 53 53 56 59 58

North Perth 58 58 56 58

Ingersoll 28 24 35 46 59

Georgina 44 45 48 52 59

Brampton 57 50 51 53 59

Bracebridge 61 58 40 45 61

Whitby 72 72 72 70 63

Fort Erie 47 51 59 62 65

Norfolk 70 66

Municipal Financial Indicators 92

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Brockton 66

King 34 36 50 59 66

London 46 57 59 60 67

Wellesley 82 66 65 68 68

Middlesex Centre 59 58 51 59 68

Milton 61 59 85 94 68

North Dumfries 34 33 39 69

Chatham‐Kent 66 76 73 69

Gravenhurst 73 65 58 62 69

Lambton Shores 24 31 39 54 70

Parry Sound 83 88 80 71

Oakville 71 91 80 79 72

Halton Hills 45 46 52 65 72

Puslinch 59 72 66 72

Owen Sound 77 83 78 73 72

Wellington North 104 103 78 74

Port Colborne 0 32 50 73 74

Kenora 81 82 87 79 76

Tay 77

Springwater 123 124 82 78 80

Saugeen Shores 98 92 87 84 83

Elliot Lake 43 53 49 79 86

Pickering 41 61 56 57 86

West Lincoln 113 120 95 94 90

Clarington 102 103 96 91 91

East Gwillimbury 46 51 51 63 101

Mapleton 44 73 106

Richmond Hill 122 112

North Middlesex 102 112 116

Brock 95 101 110 120 119

Haldimand 90 139 138

Thorold 149 160 163 158 160

Average 45 47 49 52 52

Median 43 45 48 49 48

Municipal Financial Indicators 93

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Region Niagara

Region Waterloo

District Muskoka

Region Peel

Region Durham

Region York

Region Halton

30

32

57

97

99

139

118

30

39

57

98

105

147

132

33

34

61

99

117

157

159

32

36

67

105

128

175

171

32

34

77

106

135

167

170

Average

Median

82

97

87

98

94

99

102

105

103

106

Elgin County

Bruce County

Dufferin County

Wellington County

Grey County

Simcoe County

65

15

42

38

67

65

50

25

45

45

61

66

55

37

46

49

64

65

67

Average

Median

65

65

46

46

49

50

55

57

Municipal Financial Indicators 94

Municipal Study 2018

2017 Total and Tax Reserve Per Capita

Total Tax Reserves Reserves

Municipality Per Capita Per Capita

Orillia (97) $ (538) $

Pelham 108$ (50) $

Newmarket 593$ 18 $

Markham 325$ 122 $

Wilmot 378$ 158 $

Strathroy‐Caradoc 924 $ 180 $

Woolwich 467$ 188 $

Kitchener 244 $ 222 $

Tillsonburg 237 $ 237 $

St Thomas 650$ 254 $

North Stormont 412$ 264 $

Brockville 490 $ 271 $

Whitchurch ‐ Stouffville 377 $ 280 $

Guelph‐Eramosa 485$ 284 $

Erin 493$ 302 $

Huntsville 305 $ 305 $

Niagara‐on‐the‐Lake 647 $ 318 $

Centre Wellington 893 $ 322 $

St Catharines 417$ 337 $

Grimsby 642$ 339 $

Waterloo 351$ 351 $

Lincoln 874$ 358 $

Minto 980$ 370 $

Cambridge 545$ 377 $

Wellesley 384 $ 384 $

Tiny 747$ 384 $

Orangeville 723 $ 421 $

Sarnia 623$ 427 $

Barrie 767$ 438 $

Prince Edward County 539 $ 454 $

Caledon 456$ 456 $

Oshawa 465$ 465 $

Vaughan 820 $ 478 $

Sault Ste Marie 481 $ 481 $

Quinte West 721$ 485 $

North Dumfries 490$ 490 $

Total Tax Reserves Reserves

Municipality Per Capita Per Capita

Guelph 1388 $ 490 $

Ottawa 560$ 495 $

Brantford 1002 $ 502 $

Puslinch 504 $ 504 $

Bancroft 506$ 506 $

Mississauga 510 $ 510 $

Grey Highlands 922$ 518 $

Timmins 564 $ 564 $

Milton 575 $ 575 $

Welland 602 $ 576 $

Wellington North 1308 $ 577 $

Brampton 579$ 579 $

Wainfleet 590$ 590 $

Georgina 784$ 612 $

Fort Erie 754$ 619 $

Belleville 1176 $ 641 $

Springwater 1061 $ 650 $

Penetanguishene 662 $

North Bay 883$ 663 $

Bracebridge 665$ 665 $

Whitby 672$ 672 $

Burlington 675 $ 675 $

Greater Sudbury 865 $ 676 $

Toronto 1010 $ 678 $

Halton Hills 695 $ 695 $

Ingersoll 712$ 712 $

Innisfil 715$ 715 $

Tay 1096 $ 715 $

Windsor 760$ 716 $

Clarington 726$ 726 $

Meaford 975$ 729 $

Pickering 756$ 756 $

Brockton 992 $ 795 $

Middlesex Centre 961$ 796 $

Collingwood 1842 $ 801 $

Mapleton 1014 $ 802 $

Municipal Financial Indicators 95

Municipal Study 2018

2017 Total and Tax Reserve Per Capita (contrsquod)

Municipality

Total Reserves Per Capita

Tax Reserves Per Capita

Port Colborne

Cornwall

North Perth

Hamilton

West Lincoln

Richmond Hill

Stratford

Peterborough

Thunder Bay

King

Oakville

Gravenhurst

Espanola

Lambton Shores

Norfolk

Brock

Elliot Lake

Kincardine

Greenstone

Saugeen Shores

Owen Sound

St Marys

Brant County

London

Chatham‐Kent

East Gwillimbury

Parry Sound

Kingston

Thorold

North Middlesex

Kenora

Haldimand

939 $

1042 $

1005 $

1312 $

1000 $

1126 $

940 $

1379 $

989 $

966 $

950 $

956 $

1316 $

1811 $

1330 $

1069 $

1418 $

2740 $

1125 $

1347 $

1312 $

1426 $

1535 $

1674 $

1429 $

1843 $

2577 $

2113 $

2056 $

1713 $

1929 $

3127 $

817 $

881 $

886 $

887 $

913 $

921 $

923 $

933 $

938 $

949 $

950 $

956 $

973 $

994 $

995 $

1069 $

1093 $

1100 $

1125 $

1138 $

1141 $

1151 $

1178 $

1262 $

1347 $

1482 $

1494 $

1522 $

1555 $

1569 $

1576 $

2613 $

Average Median

931 $ 820 $

684$ 645 $

Municipality

Total Reserves Per Capita

Tax Reserves Per Capita

Region Niagara

Region Waterloo

Region Peel

District Muskoka

Region Halton

Region Durham

Region York

604 $

525 $

1254 $

1823 $

1837 $

1934 $

2159 $

337 $

371 $

865 $

1351 $

1480 $

1528 $

1955 $

Average Median

1448 $ 1823 $

1127 $ 1351 $

Wellington County

Elgin County

Bruce County

Dufferin County

Simcoe County

Grey County

311 $

326 $

361 $

391 $

429 $

496 $

311 $

326 $

361 $

391 $

429 $

496 $

Average Median

386 $ 376 $

386 $ 376 $

Municipal Financial Indi‐ 96

Municipal Study 2018

Debt

The Ministry of Municipal Affairs and Housing regulates the level of debt that may be incurred by municipalities such that no more than 25 of the total Own Source Revenue can be used to service debt

and other long‐term obligations without receiving OMB approval In addition to confirming that the debt is within the legislated limits Government Finance Officersrsquo Association (GFOA) recommends the

following analysis be undertaken

Measures of the tax and revenue base such as

Projections of key relevant economic variables

Population trends

Utilization trends for services underlying revenues

Evaluation of trends relating to the governmentrsquos financial

performance such as

Revenues and expenditures

Net revenues available after meeting operating requirements

Reliability of revenues expected to pay debt service

Unreserved fund balance levels

Debt service obligations such as

Existing debt service requirements

Debt service as a percentage of expenditures or tax or system revenues

There are six financial debt indicators that have been included in the analysis to provide a clear understanding of the overall debt outstanding and the debt servicing costs

Financial Debt Indicator One Tax Debt Interest as of Own Source Revenues

This ratio indicates the extent to which the municipalityrsquos own source revenues are committed to debt interest charges This is calculated using Schedule 40 of the Financial Information Returns and the Own

Source Revenues in Schedule 81 less WaterWW revenues in Schedule 12

Formula

Tax Debt Interest

Own Source Revenues

Municipal Financial Indicators 97

Municipal Study 2018

Financial Debt Indicator Two Debt Charges as a of Own Source Revenues (Debt Service Ratio)

Debt Service is the amount of principal and interest that a municipality must pay each year to service the

debt (principal and interest expenses) As debt service increases it reduces expenditure flexibility This shows the of total debt expenditures including interest as a of own source revenue It is a measure of the municipalityrsquos ability to service its debt payments Schedule 74C has been used for the total debt charges (line 3099) and the tax debt charges (line 3012)

Formula

Debt Principal and Interest Payments

Own Source Revenue

Target

Credit rating agencies consider that principal and interest should be below 10 of Own Source Revenues

Interpretations

This indicator will trigger a warning if the increase in debt service consistently exceeds the increase in own source revenues

Financial Debt Indicator Three Debt Outstanding per Capita

This provides the debt outstanding as reflected on Schedule 74A divided by the population

Formula

Total Debt Outstanding

Population

Municipal Financial Indicators 98

Municipal Study 2018

Financial Debt Indicator Four Debt Outstanding Per Own Source Revenues

This provides the debt outstanding as reflected on Schedule 74A divided by the municipalityrsquos own source revenues as reflected in Schedule 81

Formula

Total Debt Outstanding

Own Source Revenue

Financial Debt Indicator Five Debt to Reserve Ratio

Formula

Debt Outstanding

Reserves and Reserve Funds (Excluding Obligatory Reserve

Funds)

Financial Debt Indicator Six Debt Outstanding as a of Unweighted Assessment

This provides the debt outstanding as reflected on Schedule 74A divided by the municipalityrsquos own source revenues as reflected in Municipalityrsquos Levy by‐laws

Formula

Total Debt Outstanding

Unweighted Assessment

Target

This indicator provides a measure for financial prudence by comparing total debt to the total reserve balances Generally the benchmark suggested by credit rating agencies for this ratio is 11 or in other words debt should not exceed total reserve and reserve fund balances A 11 ratio reflects that for every dollar of debt there is a dollar of reserves

Municipal Financial Indicators 99

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend

Municipality 2013 2014 2015 2016 2017

Brampton 00 00 00 00 00

East Gwillimbury 00 00 00 00 00

Erin 00 11 08 08 00

Espanola 03 00

Mapleton 00 00 00 00 00

Richmond Hill 00 00 00 00 00

Tiny 00

West Lincoln 00 00 00 00 00

Whitby 00 00 00 00 00

Wilmot 15 00 00 00 00

Kenora 07 07 00 00 00

North Middlesex 02 01 01

Wainfleet 03 03 03 02 01

Grimsby 00 02 01 00 01

Puslinch 00 05 04 03 02

Markham 02 02 02 02 02

Sarnia 07 06 05 02 02

Wellesley 06 04 03 01 02

Sault Ste Marie 05 04 03 03 02

Thorold 05 05 05 03 03

Saugeen Shores 05 05 04 04 03

Greater Sudbury 03 03 04 03 03

Cambridge 04 04 03 04 03

Niagara‐on‐the‐Lake 05 03 03 05 04

Penetanguishene 04

Grey Highlands 01 02 02 01 04

Mississauga 01 02 03 04 04

Georgina 00 00 00 03 04

Brock 07 06 06 05 04

Vaughan 13 12 12 10 04

Orillia 09 08 07 05 04

Fort Erie 07 07 06 06 05

Brantford 03 05

Kincardine 00 04 06 09 06

Strathroy‐Caradoc 07 07 06 07 07

Thunder Bay 09 08 08 07 07

Municipal Financial Indicators 100

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Timmins 11 10 09 08 08

Clarington 13 12 11 09 08

Tay 08

Barrie 08 08 07 08 08

Pickering 09 09 08 08 08

Hamilton 13 11 11 09 09

Cornwall 12 12 09 10 09

Windsor 11 11 09 09 09

Meaford 17 13 12 10 09

Lincoln 05 06 06 08 09

Springwater 09 10 12 11 09

Elliot Lake 11 03 06 10 09

North Dumfries 00 15 13 11 10

Chatham‐Kent 00 16 14 13 10

Caledon 19 19 14 12 10

Centre Wellington 00 15 14 10 10

London 13 13 12 11 10

St Thomas 12 13 11 10 10

North Bay 19 19 17 11 10

Brockton 10

Prince Edward County 17 15 13 10 11

Woolwich 15 14 13 10 11

Kitchener 15 14 14 00 11

Norfolk 10 11

Greenstone 27 26 24 20 11

Ingersoll 12 17 15 13 11

Orangeville 23 23 21 15 11

Halton Hills 13 15 15 13 12

Burlington 14 13 12 13 12

Owen Sound 16 17 15 15 12

Guelph 15 16 12 14 12

Brant County 13 08 19 17 13

Bracebridge 21 19 17 14 13

King 15 14 15 14 14

Brockville 22 20 16 14 14

Milton 15 13 15 15 15

Municipal Financial Indicators 101

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Oakville

Bancroft

Middlesex Centre

Haldimand

Guelph‐Eramosa

Newmarket

Parry Sound

Wellington North

Oshawa

Peterborough

Innisfil

Lambton Shores

Stratford

Huntsville

Tillsonburg

St Marys

Quinte West

Port Colborne

St Catharines

North Stormont

Collingwood

Belleville

Minto

North Perth

Welland

Whitchurch ‐ Stouffville

Kingston

Ottawa

Waterloo

Toronto

Pelham

Gravenhurst

10

25

00

26

00

00

22

19

33

25

24

34

39

00

10

00

22

00

33

08

00

47

22

43

23

30

42

41

10

76

09

23

24

24

19

31

23

19

30

21

23

28

29

31

12

19

21

00

28

14

14

37

40

28

32

39

42

11

69

16

16

15

20

22

20

25

21

18

28

20

23

26

26

27

13

12

24

00

29

14

13

29

32

39

27

31

39

39

14

60

17

15

17

17

19

20

20

19

19

21

20

22

25

24

25

19

15

24

21

26

21

20

29

30

38

29

31

36

39

19

54

15

16

16

16

16

17

17

18

18

18

19

19

19

20

20

21

21

22

23

23

23

24

25

25

27

29

29

30

33

38

46

47

Average

Median

13

10

14

12

13

12

12

10

12

10

Municipal Financial Indicators 102

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

District Muskoka

Region Durham

Region Halton

Region Peel

Region York

Region Waterloo

Region Niagara

06

09

07

14

17

18

16

05

10

06

14

19

23

16

05

09

08

12

18

23

17

05

08

08

11

20

21

27

04

06

07

09

19

24

26

Average

Median

12

14

13

14

13

12

14

11

14

09

Grey County

Elgin County

Simcoe County

Wellington County

Dufferin County

Bruce County

16

01

04

05

14

22

30

01

04

06

13

19

26

00

04

05

11

16

22

Average

Median

16

16

13

10

11

09

10

08

Municipal Financial Indicators 103

Municipal Study 2018

2017 Total and Tax Debt Charges as a of Own Source Revenues 2017 Total Debt Charges as a of Own Source

2017 Tax Debt Charges as a of Own Source

Municipality Revenues Revenues

Brampton 00 00

East Gwillimbury 00 00

Kenora 00 00

Kingston 65 00

Markham 03 00

North Perth 48 00

Richmond Hill 00 00

Timmins 36 00

Tiny 00 00

West Lincoln 00 00

Whitby 00 00

Wilmot 00 00

North Dumfries 33 01

Grimsby 02 02

Caledon 40 04

Clarington 48 04

Windsor 20 05

Thorold 06 08

Brock 10 10

Wainfleet 12 10

Georgina 33 11

Sault Ste Marie 15 12

Chatham‐Kent 54 14

Strathroy‐Caradoc 56 15

Tay 64 15

Innisfil 50 17

Wellesley 18 18

Whitchurch ‐ Stouffville 58 19

Centre Wellington 80 19

Brantford 33 23

Puslinch 23 23

Oakville 47 25

Woolwich 21 25

Halton Hills 74 25

St Thomas 30 26

Mississauga 26 26

2017 Total Debt Charges as a of Own Source

2017 Tax Debt Charges as a of Own Source

Municipality Revenues Revenues

Greater Sudbury 22 26

Penetanguishene 21 27

Elliot Lake 23 29

Thunder Bay 54 31

Vaughan 23 31

Brant County 44 31

Fort Erie 37 33

Kincardine 33 34

Niagara‐on‐the‐Lake 24 34

Orillia 29 35

Springwater 66 36

Bracebridge 36 36

Prince Edward County 71 36

Erin 32 37

Parry Sound 80 38

Espanola 30 38

North Middlesex 45 38

Cambridge 25 39

Middlesex Centre 88 39

Barrie 85 42

Kitchener 38 42

Meaford 57 43

Milton 86 43

Pickering 44 44

Grey Highlands 38 44

Lincoln 41 48

Waterloo 48 48

Newmarket 43 49

Sarnia 37 50

Hamilton 51 53

Owen Sound 89 55

Cornwall 47 55

Huntsville 55 55

Ingersoll 56 56

Peterborough 94 56

Belleville 71 56

Municipal Financial Indicators 104

Municipal Study 2018

2017 Total and Tax Debt Charges as a of Own Source Revenues (contrsquod)

Municipality

2017 Total Debt Charges as a of Own Source Revenues

2017 Tax Debt Charges as a of Own Source Revenues Municipality

2017 Total Debt Charges as a of Own Source Revenues

2017 Tax Debt Charges as a of Own Source Revenues

Oshawa 57 57 Region Peel 94 06

Norfolk 56 57 District Muskoka 61 08

Brockton 57 61 Region York 231 14

Haldimand 53 63 Region Durham 63 18

Stratford 91 64 Region Halton 55 19

Orangeville 56 64 Region Niagara 71 87

Ottawa 79 66 Region Waterloo 98 89

London 70 67 Average 96 34 North Bay 90 69 Median 71 18

Saugeen Shores 54 70

Burlington

St Marys

71

60

71

71

Grey County

Elgin County

00

04

00

04

Pelham 117 72 Wellington County 40 35

Brockville 61 73 Simcoe County 36 36

Tillsonburg 76 76 Dufferin County 60 60

Guelph 78 78 Bruce County 70 70

Quinte West 66 81 Average 35 34

North Stormont 78 84 Median 38 35

Toronto 78 87

Port Colborne 70 95

King 82 96

St Catharines 86 98

Guelph‐Eramosa 80 101

Gravenhurst 103 103

Greenstone 98 107

Collingwood 92 112

Lambton Shores 83 114

Bancroft 98 129

Wellington North 98 130

Welland 90 132

Minto 124 165

Average 51 44 Median 51 38

Municipal Financial Indicators 105

Municipal Study 2018

2017 Total Debt Outstanding Per Capita

Total Debt Tax Debt Outstanding Outstanding Per

Municipality Per Capita Capita

East Gwillimbury ‐$ ‐$

Espanola 1112 $ ‐$

Richmond Hill ‐$ ‐$

Whitby ‐$ ‐$

Wilmot ‐$ ‐$

Kenora ‐$ ‐$

Tiny 3$ 3$

Puslinch 15 $ 15 $

West Lincoln 17 $ 17 $

Wainfleet 27 $ 27 $

Markham 35 $ 35 $

Georgina 232$ 44 $

Thorold 59 $ 59 $

Wellesley 60 $ 60 $

Sault Ste Marie 171 $ 83 $

Niagara‐on‐the‐Lake 157 $ 87 $

Saugeen Shores 707$ 88 $

Brock 94 $ 94 $

Sarnia 167$ 98 $

Woolwich 135$ 124 $

Penetanguishene 128 $ 128 $

Grimsby 133$ 133 $

North Dumfries 139 $ 135 $

Brampton 137$ 137 $

Centre Wellington 807 $ 145 $

Fort Erie 261 $ 151 $

Vaughan 179 $ 158 $

Clarington 173$ 173 $

Caledon 175$ 175 $

North Middlesex 286$ 185 $

Strathroy‐Caradoc 344 $ 191 $

Greater Sudbury 460 $ 192 $

Wellington North 407 $ 192 $

Lincoln 195$ 195 $

Cambridge 292$ 198 $

Mississauga 202$ 202 $

Total Debt Tax Debt Outstanding Outstanding Per

Municipality Per Capita Capita

Springwater 240$ 240 $

Elliot Lake 244$ 244 $

Windsor 373$ 265 $

Newmarket 377$ 270 $

Tay 980$ 283 $

Meaford 572$ 288 $

Guelph‐Eramosa 559$ 293 $

Orillia 307 $ 307 $

Grey Highlands 445$ 312 $

Kincardine 312 $ 312 $

Kitchener 313 $ 313 $

Timmins 1234 $ 322 $

Pickering 325$ 325 $

Erin 348$ 348 $

Ingersoll 358$ 358 $

King 551$ 377 $

Owen Sound 961$ 380 $

Chatham‐Kent 847 $ 382 $

Huntsville 382 $ 382 $

North Stormont 382$ 382 $

Milton 412 $ 412 $

Halton Hills 433 $ 433 $

Burlington 459$ 459 $

Oshawa 472$ 472 $

Norfolk 895$ 475 $

Minto 992$ 489 $

Brockton 511$ 511 $

Prince Edward County 1600 $ 518 $

Hamilton 739 $ 523 $

Waterloo 572$ 527 $

Brantford 771$ 529 $

Barrie 2061 $ 531 $

Orangeville 1026 $ 533 $

Middlesex Centre 1178 $ 540 $

Oakville 579 $ 579 $

Innisfil 596$ 596 $

Municipal Financial Indicators 106

Municipal Study 2018

2017 Total Debt Outstanding Per Capita (contrsquod)

107Municipal Financial Indicators

Municipality

Total Debt Outstanding

Per Capita

Tax Debt Outstanding Per

Capita

Tillsonburg 601 $ 601 $

Whitchurch ‐ Stouffville 602 $ 602 $

London 778 $ 616 $

Bracebridge 641 $ 641 $

Haldimand 1000$ 657 $

Lambton Shores 1059 $ 672 $

Cornwall 910$ 684 $

St Thomas 824 $ 693 $

Bancroft 1568 $ 717 $

Welland 830$ 730$

St Catharines 783 $ 756 $

Mapleton 900$ 762 $

Guelph 788 $ 769 $

North Bay 1110$ 787 $

Collingwood 1176 $ 795 $

Brockville 1191 $ 818 $

Thunder Bay 1777 $ 868 $

Parry Sound 2076 $ 891 $

St Marys 1223 $ 1052 $

Brant County 1366 $ 1068 $

North Perth 1163 $ 1072 $

Port Colborne 1287 $ 1117 $

Quinte West 2233 $ 1136 $

Peterborough 1482 $ 1175 $

Stratford 2082 $ 1331 $

Belleville 1814 $ 1377 $

Gravenhurst 1489 $ 1489 $

Pelham 1772 $ 1707 $

Ottawa 2417 $ 1731 $

Kingston 2855 $ 1913 $

Toronto 2168 $ 2168 $

Greenstone 3335 $ 3335 $

Average 731 $ 507 $ Median 555 $ 379 $

Municipality

Total Debt Outstanding Per Capita

Tax Debt Outstanding Per

Capita

Region Durham 167 $ 132 $

District Muskoka 1063 $ 157 $

Region Peel 976$ 176 $

Region Halton 548$ 189 $

Region Niagara 733$ 589 $

Region York 2911 $ 763 $

Region Waterloo 1224 $ 854 $

Average 1089$ 408$ Median 976$ 189$

Grey County 17 $ 17 $

Simcoe County 58 $ 58 $

Elgin County 94 $ 94 $

Wellington County 114 $ 114 $

Dufferin County 280$ 280 $

Bruce County 301$ 301 $

Average 144$ 144$

Median 104$ 104$

Municipal Study 2018

2017 Debt Outstanding Per Own Source Revenues

Municipality

Debt Outstanding as a of Own Source Revenues

Cambridge 236

Municipality

Debt Outstanding as a of Own Source Revenues

Springwater 242

Strathroy‐Caradoc 258

Ingersoll 295

Newmarket 301

Guelph 306

Meaford 308

Hamilton 313

King 330

Brantford 335

Grey Highlands 346

London 350

Wellington North 351

Chatham‐Kent 358

Brockton 361

Pickering 370

Innisfil 382

Cornwall 389

Burlington 395

St Thomas 395

Saugeen Shores 399

Huntsville 402

Waterloo 411

Thunder Bay 412

Espanola 425

Erin 427

Oakville 436

Haldimand 438

Oshawa 439

Halton Hills 446

St Marys 454

North Bay 456

Owen Sound 458

Timmins 463

Milton 490

Brockville 491

Norfolk 493

East Gwillimbury 00

Kenora 00

Richmond Hill 00

Whitby 00

Wilmot 00

Tiny 02

West Lincoln 14

Puslinch 22

Wainfleet 24

Markham 34

Thorold 44

Sault Ste Marie 72

Penetanguishene 73

Niagara‐on‐the‐Lake 98

Sarnia 99

Brock 104

Wellesley 107

Orillia 127

Brampton 140

Kincardine 141

Vaughan 144

Grimsby 149

Elliot Lake 150

Caledon 152

Windsor 154

North Middlesex 163

Fort Erie 172

Woolwich 186

Greater Sudbury 187

North Dumfries 194

Mississauga 198

Georgina 205

Kitchener 206

Clarington 216

Lincoln 221

Municipal Financial Indicators 108

Municipal Study 2018

2017 Debt Outstanding Per Own Source Revenues (contrsquod)

Municipality

Debt Outstanding as a of Own Source Revenues

Tillsonburg 509

Collingwood 526

Whitchurch ‐ Stouffville 538

Lambton Shores 545

Welland 557

Orangeville 566

North Stormont 568

Brant County 587

Bracebridge 587

North Perth 596

Peterborough 605

St Catharines 652

Toronto 672

Guelph‐Eramosa 696

Parry Sound 710

Tay 716

Belleville 729

Stratford 747

Greenstone 752

Centre Wellington 784

Prince Edward County 804

Minto 808

Middlesex Centre 809

Port Colborne 827

Bancroft 858

Ottawa 888

Barrie 928

Kingston 932

Mapleton 1059

Gravenhurst 1082

Quinte West 1314

Pelham 1637

Average 409

Median 385

Municipality

Debt Outstanding as a of Own Source Revenues

Region Durham

Region Halton

District Muskoka

Region Niagara

Region Peel

Region Waterloo

Region York

114

456

530

576

911

935

2069

Average

Median

799

576

Grey County

Simcoe County

Elgin County

Wellington County

Dufferin County

Bruce County

22

90

107

235

354

388

Average

Median

199

171

Municipal Financial Indicators 109

Municipal Study 2018

Debt To Reserve RatiomdashTrend

This includes discretionary reserves and all outstanding debt as reflected on Schedules 60 and 74A of the 2017 FIRs Note Reserves excludes obligatory reserves

Municipality 2013 2014 2015 2016 2017

Orillia (33) 53 12 12 (31)

East Gwillimbury 00 00 00 ‐

Kenora 03 03 ‐

Richmond Hill ‐

Whitby 00 ‐

Wilmot 00 ‐

Tiny 00

West Lincoln 00 00 00 00 00

Thorold 01 01 01 00 00

Puslinch 02 01 01 00

Wainfleet 01 01 01 00 00

Brock 02 01 01 01 01

Markham 00 01 01 01 01

Kincardine 01 02 01 01

Wellesley 01 01 01 02 02

Penetanguishene 02

North Middlesex 04 03 02

Elliot Lake 01 01 03 02 02

Grimsby 00 02

Vaughan 03 03 03 02 02

Lincoln 02 01 01 03 02

Springwater 03 04 03 03 02

Brampton 00 04 03 03 02

Clarington 03 03 03 03 02

Niagara‐on‐the‐Lake 04 03 05 03 02

Sarnia 12 09 06 05 03

North Dumfries 10 09 06 03

Woolwich 05 05 04 03 03

Georgina 06 05 04 04 03

Wellington North 05 05 04 03

Haldimand 03 03 03

Fort Erie 08 05 04 04 03

Sault Ste Marie 04 03 03 03 04

Strathroy‐Caradoc 08 08 07 05 04

Caledon 05 05 05 05 04

Mississauga 02 02 03 03 04

Municipal Financial Indicators 110

Municipal Study 2018

Debt To Reserve RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Pickering 06 04 04 05 04

London 09 07 06 05 05

Grey Highlands 03 03 02 04 05

Windsor 06 06 05 05 05

Ingersoll 15 19 11 08 05

Brockton 05

Saugeen Shores 07 07 07 06 05

Greater Sudbury 02 02 05 05 05

Cambridge 03 03 03 04 05

Hamilton 06 06 06 07 06

Guelph 06 05 05 07 06

King 12 08 10 08 06

Lambton Shores 21 14 10 08 06

Meaford 16 13 11 08 06

Chatham‐Kent 10 08 07 06

Oakville 03 02 07 06 06

Halton Hills 12 15 11 08 06

Newmarket 10 10 10 08 06

Collingwood 11 12 09 09 06

Norfolk 05 07

Burlington 07 07 06 08 07

Erin 06 05 08 07

Milton 07 06 06 04 07

Owen Sound 08 06 06 08 07

Brantford 08

Parry Sound 08 08 08 08

Innisfil 09 08 08 11 08

Espanola 12 08

St Marys 11 08 08 09

Cornwall 05 05 05 08 09

Mapleton 05 06 09

Brant County 13 08 08 07 09

Tay 09

Centre Wellington 11 11 09 09

North Stormont 11 09

Bracebridge 07 06 08 06 10

Municipal Financial Indicators 111

Municipal Study 2018

Debt To Reserve RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Minto

Oshawa

Peterborough

Guelph‐Eramosa

North Perth

Middlesex Centre

Huntsville

North Bay

St Thomas

Kitchener

Kingston

Port Colborne

Welland

Orangeville

Belleville

Gravenhurst

Whitchurch ‐ Stouffville

Waterloo

Thunder Bay

St Catharines

Toronto

Timmins

Stratford

Brockville

Tillsonburg

Barrie

Greenstone

Prince Edward County

Bancroft

Quinte West

Ottawa

Pelham

20

08

26

19

28

08

25

13

20

36

20

24

16

13

15

13

19

09

33

22

30

42

58

31

17

58

13

08

22

09

24

14

23

08

20

13

10

20

21

15

24

13

12

17

13

20

07

30

23

25

40

50

29

20

49

17

09

15

10

10

20

20

20

23

06

18

13

07

20

14

19

24

13

13

18

21

22

16

31

21

30

32

35

22

26

52

18

13

13

10

14

14

15

17

16

06

16

12

07

16

10

18

20

14

17

20

18

21

23

27

26

31

30

32

21

32

50

37

10

10

11

12

12

12

13

13

13

13

14

14

14

14

15

16

16

16

18

19

21

22

22

24

25

27

30

30

31

31

43

164

Average

Median

11

08

11

08

10

08

10

07

10

06

Municipal Financial Indicators 112

Municipal Study 2018

Debt To Reserve RatiomdashTrend (contrsquod)

Municipality

Region Durham

Region Halton

District Muskoka

Region Peel

Region Niagara

Region York

Region Waterloo

2013

03

04

12

10

08

17

20

2014

03

04

11

10

10

17

23

2015

02

04

09

09

11

15

25

2016

01

03

07

09

12

14

24

2017

01

03

06

08

12

13

23

Average

Median

11

10

11

10

11

09

10

09

09

08

Grey County

Simcoe County

Elgin County

Wellington County

Dufferin County

Bruce County

05

01

03

08

04

13

12

00

02

05

05

09

10

00

01

03

04

07

08

Average

Median

05

05

07

06

05

05

04

03

Municipal Financial Indicators 113

Municipal Study 2018

Debt Outstanding per $100000 of Unweighted AssessmentmdashTrend

Municipality 2013 2014 2015 2016 2017

East Gwillimbury 1$ 1$ 0$ ‐$

Kenora 555$ 489 $ ‐$

Richmond Hill ‐$

Whitby ‐$

Wilmot 2$ ‐$

Tiny 1$

Puslinch 24 $ 18$ 12 $ 6$

West Lincoln 3$ 22 $ 17 $ 13 $

Markham 18 $ 22 $ 20$ 17 $ 14$

Wainfleet 42 $ 35 $ 26$ 17 $ 17 $

Wellesley 38 $ 27 $ 16$ 45 $ 36$

Thorold 108$ 98 $ 88$ 63 $ 54$

Niagara‐on‐the‐Lake 103 $ 80 $ 98$ 79 $ 60$

Brock 95 $ 86 $ 77 $ 68$ 60$

Vaughan 113$ 99 $ 75 $ 66$ 66$

North Dumfries 116 $ 102 $ 88$ 74$

Caledon 144$ 119 $ 98$ 95 $ 74$

Woolwich 125 $ 114 $ 104$ 92 $ 82 $

Grimsby 1$ 0$ 2$ 92 $

Brampton 119 $ 108 $ 97 $

Mississauga 42 $ 64 $ 84$ 95 $ 103 $

North Middlesex 207 $ 152 $ 109 $

Penetanguishene 118 $

Clarington 190$ 217 $ 181 $ 149 $ 130$

Springwater 207$ 242 $ 216 $ 188 $ 135 $

Lincoln 112$ 91 $ 99 $ 170$ 138 $

Georgina 238$ 208 $ 182 $ 182 $ 150$

Kincardine 170 $ 237 $ 201 $ 159 $

Sarnia 420$ 361 $ 283 $ 237 $ 172 $

Erin 121$ 100$ 196 $ 172 $

King 345$ 274 $ 296 $ 233 $ 178 $

Pickering 144$ 149 $ 123 $ 144$ 185 $

Sault Ste Marie 227 $ 175 $ 145 $ 122 $ 196 $

Newmarket 362$ 319 $ 281 $ 238 $ 198 $

Huntsville 312 $ 283 $ 256 $ 234$ 207 $

Grey Highlands 13$ 113 $ 93 $ 168 $ 212 $

Municipal Financial Indicators 114

Municipal Study 2018

Debt Outstanding per $100000 of Unweighted AssessmentmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Oakville 135 $ 108 $ 275 $ 238 $ 213 $

Burlington 219 $ 212 $ 210 $ 252 $ 221 $

Milton 212 $ 169 $ 234 $ 192 $ 225 $

Halton Hills 279 $ 370 $ 321 $ 279 $ 226 $

Fort Erie 347 $ 299 $ 257 $ 285 $ 233 $

Cambridge 111 $ 97 $ 143 $ 166 $ 240 $

North Stormont 259 $ 242 $

Orillia 533 $ 462 $ 395 $ 329 $ 259 $

Kitchener 481 $ 417 $ 360 $ 310 $ 270 $

Whitchurch ‐ Stouffville 427 $ 1125 $ 376 $ 321 $ 273 $

Wellington North 517 $ 468 $ 367 $ 277 $

Guelph‐Eramosa 221 $ 193 $ 324 $ 278 $

Strathroy‐Caradoc 475 $ 425 $ 367 $ 357 $ 286 $

Innisfil 577 $ 515 $ 471 $ 405 $ 333 $

Bracebridge 206 $ 188 $ 170 $ 156 $ 345 $

Waterloo 445 $ 461 $ 416 $ 373 $ 348 $

Meaford 598 $ 523 $ 455 $ 404 $ 355 $

Brockton 365 $

Ingersoll 547 $ 615 $ 536 $ 464 $ 385 $

Saugeen Shores 625 $ 550 $ 487 $ 448 $ 397 $

Oshawa 570 $ 563 $ 507 $ 485 $ 405 $

Mapleton 147$ 225 $ 421 $

Lambton Shores 740 $ 656 $ 586 $ 509 $ 431 $

Greater Sudbury 245 $ 201 $ 520 $ 491 $ 442 $

Elliot Lake 197 $ 164 $ 618 $ 556 $ 492 $

Windsor 735 $ 2773 $ 642 $ 584 $ 527 $

Centre Wellington 761 $ 688 $ 605 $ 531 $

Guelph 659 $ 554 $ 480 $ 738 $ 566 $

Gravenhurst 758 $ 707 $ 658 $ 618 $ 569 $

Middlesex Centre 921 $ 808 $ 712 $ 624 $ 573 $

Hamilton 677 $ 749 $ 637 $ 725 $ 598 $

Tillsonburg 819 $ 725 $ 649 $ 618 $ 610 $

North Perth 1078 $ 855 $ 727 $ 620 $

Norfolk 642 $

Collingwood 1077 $ 1045 $ 915 $ 818 $ 688 $

Chatham‐Kent ‐$ 1110 $ 977 $ 845 $ 710 $

Municipal Financial Indicators 115

Municipal Study 2018

Debt Outstanding per 100000 of Unweighted AssessmentmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

London

Brantford

Haldimand

St Catharines

Tay

Orangeville

Brant County

Minto

Prince Edward County

Toronto

Welland

St Thomas

North Bay

Owen Sound

St Marys

Cornwall

Brockville

Pelham

Port Colborne

Peterborough

Ottawa

Espanola

Timmins

Barrie

Bancroft

Stratford

Belleville

Thunder Bay

Parry Sound

Kingston

Quinte West

Greenstone

1052 $

595 $

625 $

782 $

1110 $

935 $

1287 $

727 $

1364 $

1100 $

802 $

978 $

234 $

1199 $

1528 $

555 $

1807 $

2300 $

1139 $

2109 $

1914 $

936 $

3515 $

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

973

573

636

865

686

1002

929

1217

659

1214

953

1426

706

1021

266

559

1185

1362

501

1744

2061

1028

1984

2078

1813

1054

3242

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

910

642

786

596

779

840

889

957

1150

576

1369

819

1288

729

875

364

766

1296

1311

1556

1027

1666

2255

1587

1941

1909

1989

1505

2979

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

799

676

771

511

700

1018

791

917

1092

586

1189

1214

1153

1176

1195

887

670

1428

1307

1648

1706

2019

2003

1979

2111

1791

2169

2913

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

740

755

759

759

789

806

846

851

966

974

1011

1036

1064

1066

1155

1181

1202

1246

1337

1414

1473

1490

1542

1589

1656

1774

1821

1926

1967

2226

2303

2555

Average

Median

616 $

507 $

$

$

608

462

$

$

590

461

$

$

602

404

$

$

579

351

Municipal Financial Indicators 116

Municipal Study 2018

Debt Outstanding per 100000 of Unweighted AssessmentmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Region Durham

Region Halton

District Muskoka

Region Peel

Region Niagara

Region Waterloo

Region York

291 $

319 $

377 $

782 $

488 $

698 $

1261 $

297 $

307 $

710 $

552 $

955 $

1339 $

249 $

315 $

315 $

642 $

623 $

926 $

1333 $

193 $

292 $

294 $

633 $

607 $

948 $

1261 $

119 $

245 $

266 $

556 $

619 $

918 $

1167 $

Average

Median

602 $

488 $

693 $

631 $

629 $

623 $

604 $

607 $

556 $

556 $

Elgin County

Dufferin County

Grey County

Simcoe County

Wellington County

Bruce County

242 $

79 $

227 $

20 $

48 $

208 $

204 $

86 $

201 $

13 $

39 $

190 $

190 $

‐$

‐$

10 $

32 $

158 $

161 $

Average

Median

242 $

242 $

131 $

141 $

120 $

138 $

60 $

21 $

Municipal Financial Indicators 117

Municipal Study 2018

Taxes Receivable as a of Taxes Levied

This ratio is a strong indicator of the strength of a local economy and the ability of residents to pay their annual taxes This is calculated using Schedule 72A of the Financial Information Returns

Formula

Taxes Receivable

Taxes Levied

Target

Credit Rating agencies consider over 8 a negative factor

Interpretations

If this percentage increases over time it may indicate a decline in the municipalityrsquos economic health

Taxes Receivable as a of Tax LeviedmdashBy Location

Taxes Receivables

SimcoeMuskDuff

North

Eastern

NiagaraHamilton

Southwest

GTA

Municipal Financial Indicators 118

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location

Municipality 2013 2014 2015 2016 2017

Mississauga

Newmarket

Burlington

Oshawa

Milton

Oakville

Markham

Halton Hills

Toronto

Clarington

Whitby

Brampton

Vaughan

Richmond Hill

Caledon

Brock

East Gwillimbury

Georgina

Pickering

Whitchurch ‐ Stouffville

King

26

40

31

26

37

38

54

60

41

54

48

60

75

00

79

123

91

76

84

74

143

27

34

33

18

45

35

49

52

43

48

45

62

51

68

106

75

79

73

75

151

27

32

28

22

32

38

46

46

40

46

44

51

53

53

87

67

65

76

84

151

23

27

28

18

34

37

42

41

42

43

39

45

47

51

55

74

58

62

75

82

118

21

23

26

28

35

36

38

40

40

45

46

50

50

54

55

67

68

70

77

80

119

GTA Average

GTA Median

60

57

58

51

55

46

49

44

51

46

Municipal Financial Indicators 119

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location (contrsquod)

Municipality 2013 2014 2015 2016 2017

Kingston 36 29 29 23 21

Peterborough 36 37 32 23 23

Belleville 27 35 26 28 28

Cornwall 40 34 36 36 42

Ottawa 35 43 47 50 52

Prince Edward County 117 109 98 105 86

Quinte West 76 79 57 65 90

North Stormont 00 00 00 119 99

Brockville 49 55 75 84 104

Bancroft 166

Eastern Average 46 47 44 59 71

Eastern Median 36 37 36 50 69

Municipality 2013 2014 2015 2016 2017

Niagara‐on‐the‐Lake

St Catharines

Lincoln

Pelham

Fort Erie

Grimsby

Welland

Port Colborne

Wainfleet

Hamilton

Thorold

West Lincoln

71

61

92

81

109

00

125

118

85

85

141

58

62

74

72

100

66

124

58

114

86

61

164

48

64

82

77

91

54

140

59

95

84

73

148

31

55

60

71

83

61

104

58

76

81

59

94

30

51

52

55

60

64

64

72

73

74

99

102

NiagaraHamilton Average

NiagaraHamilton Median

88

86

80

72

84

79

69

64

66

64

Municipal Financial Indicators 120

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location (contrsquod)

Municipality 2013 2014 2015 2016 2017

Kenora 19 23 15 13 10

Greater Sudbury 28 23 25 24 30

Parry Sound 68 67 46 34

North Bay 42 48 45 40 45

Thunder Bay 63 54 71 63 58

Espanola 52 73

Elliot Lake 34 38 42 42 79

Timmins 66 72 65 60 79

Greenstone 182 183 186 162 129

Sault Ste Marie 128 117 110 150 195

North Average 70 69 68 67 73

North Median 53 54 58 46 65

Municipality 2013 2014 2015 2016 2017

Orangeville

Barrie

Penetanguishene

Gravenhurst

Collingwood

Bracebridge

Tiny

Orillia

Innisfil

Springwater

Tay

Huntsville

52

60

137

79

130

109

90

125

141

30

63

115

85

122

114

95

117

154

19

59

88

72

103

100

102

102

157

20

50

67

61

79

81

91

90

129

11

50

59

65

73

76

83

84

85

86

92

125

SimcoeMuskDuff Average

SimcoeMuskDuff Median

103

109

99

114

89

100

74

79

74

79

Municipal Financial Indicators 121

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location (contrsquod)

Municipality 2013 2014 2015 2016 2017

Sarnia

North Perth

London

Guelph

Tillsonburg

Wilmot

Ingersoll

Stratford

Brantford

Wellesley

Woolwich

Brant County

Centre Wellington

St Marys

Puslinch

Kitchener

Brockton

Waterloo

Chatham‐Kent

North Middlesex

Kincardine

Middlesex Centre

Strathroy‐Caradoc

Saugeen Shores

Owen Sound

Cambridge

St Thomas

Lambton Shores

Meaford

Guelph‐Eramosa

North Dumfries

Wellington North

Windsor

Norfolk

Erin

Minto

Mapleton

Grey Highlands

50

25

16

16

39

41

60

51

39

54

70

57

67

53

83

48

47

90

27

85

62

98

142

23

21

19

44

47

51

48

38

42

52

55

48

52

62

48

68

67

54

81

47

40

91

21

80

79

72

60

87

97

131

104

69

146

19

26

19

22

39

33

49

44

31

46

45

48

49

46

52

49

48

69

54

59

57

45

26

74

34

82

81

66

63

75

86

108

98

63

159

15

27

26

25

30

28

45

41

37

26

48

44

45

45

23

55

39

47

60

63

61

60

44

50

73

67

79

71

67

65

78

84

83

86

83

161

16

18

20

22

26

26

35

36

37

37

38

38

40

40

43

43

44

47

48

49

50

51

53

54

55

58

60

61

61

63

63

79

83

85

86

87

101

158

Southwest Average

Southwest Median

57

53

62

54

58

49

58

50

53

49

Municipal Financial Indicators 122

Municipal Study 2018

Rates Coverage Ratio

The Rates Coverage Ratio provides a measure of the municipalityrsquos ability to cover its costs through its

own sources of revenue According to the Ministry of Municipal Affairs and Housing a basic target is 40‐60 an intermediate is 60‐90 and an advanced target is 90 or greater

OSR as a of Total

Municipality Expenditures

Cornwall 620

St Thomas 626

Parry Sound 631

Wellesley 654

Norfolk 659

Milton 677

Bancroft 692

Peterborough 712

Greater Sudbury 743

Windsor 743

Brantford 745

Elliot Lake 757

Gravenhurst 757

North Stormont 776

Wilmot 777

Chatham‐Kent 781

Hamilton 791

Stratford 805

Tiny 808

Ottawa 808

Erin 814

Timmins 816

Toronto 825

London 834

Huntsville 836

Grey Highlands 841

North Dumfries 842

Prince Edward County 844

Tay 847

Brockton 854

Greenstone 854

Minto 855

Espanola 857

Puslinch 866

Kingston 874

Port Colborne 878

OSR as a of Total

Municipality Expenditures

Brampton 882

Guelph‐Eramosa 883

Halton Hills 890

Woolwich 897

Guelph 898

Bracebridge 899

Springwater 907

Clarington 909

Saugeen Shores 909

Lambton Shores 911

Kenora 912

Thunder Bay 912

Lincoln 913

Haldimand 916

Brock 919

Centre Wellington 923

Owen Sound 924

Markham 924

Vaughan 925

Barrie 927

Sault Ste Marie 929

North Bay 932

Grimsby 936

Pelham 938

Oakville 942

Mississauga 944

North Middlesex 950

Quinte West 956

Wellington North 958

Georgina 962

Waterloo 963

St Catharines 967

Newmarket 969

Whitchurch ‐ Stouffville 973

Brockville 973

Burlington 986

Municipal Financial Indicators 123

Municipal Study 2018

Rates Coverage Ratio Contrsquod

Municipality

OSR as a of Total

Expenditures

Pickering 987

Richmond Hill 990

Welland 998

Tillsonburg 1005

Thorold 1017

Cambridge 1022

Mapleton 1022

St Marys 1023

Belleville 1024

Penetanguishene 1024

Middlesex Centre 1028

Kincardine 1032

Sarnia 1036

Ingersoll 1038

Collingwood 1044

Oshawa 1045

Niagara‐on‐the‐Lake 1047

Kitchener 1047

King 1055

Caledon 1059

Fort Erie 1062

Orillia 1071

Wainfleet 1072

Brant County 1080

Innisfil 1092

East Gwillimbury 1093

Orangeville 1096

Meaford 1140

Strathroy‐Caradoc 1146

North Perth 1172

Whitby 1181

West Lincoln 1497

Average 921

Median 923

Municipality

OSR as a of Total

Expenditures

Region Niagara

Region Peel

Region Waterloo

District Muskoka

Region York

Region Durham

Region Halton

678

699

744

811

827

844

877

Average

Median

Simcoe County

Grey County

Wellington County

Dufferin County

Bruce County

Elgin County

783

811 3

509

580

581

647

652

654

Average

Median

604

614

Municipal Financial Indicators 124

Page 3: 2018 Final Report v8 - Stratford

397

Municipal Study 2018

Executive SummarymdashCity of Stratford

Socio‐Economic Factors

Socio‐economic indicators describe and quantify a municipalityrsquos wealth and economic conditions and

provide insight into a municipalityrsquos collective ability to generate revenue relative to the municipalitys demand for public services An evaluation of socio‐economic factors contributes to the development of

sound financial policies An examination of local economic and demographic characteristics can identify the following situations

Changes in the tax base as measured by population property value employment or business activity

A need to shift public service priorities because of demographic changes in the municipality

A need to shift public policies because of changes in economic conditions

Socio‐Economic Factors Stratford Total Survey Average Southwest

2018 Population Density per sq km

2011‐2016 Population Increase

2017 Building Construction Value per Capita

2018 Estimated Average Household Income

2018 Weighted Median Value of Dwelling

2018 Unweighted Assessment per Capita

2018 Weighted Assessment per Capita

1165

19

2646$

84065$

272350$

117383$

142680$

547

48

3028$

102194$

340734$

154140$

156898$

439

38

2974$

102001$

302609$

152484$

143624$

Financial Indicators

The Municipal Financial Indicators section of the report includes a number of measures such as the financial

position operating surplus asset consumption ratio reserves debt and taxes receivables

KeyKey financialfinancial indicatorsindicators have been included to help evaluate each municipalityrsquos existing financial condition and to identify future challenges and opportunities A number of Industry recognized indicators that are used by credit rating agencies andor recommended by Government Finance Officersrsquo Association (GFOA) and the Ministry of Municipal Affairs and Housing have been included Indicators related to Sustainability Flexibility and Vulnerability have been included It should be noted that Water and Wastewater indicators have also been included in the WaterWastewater section of the report

The tables on the following page provide highlights from this section of the report

Executive Summary

398

Municipal Study 2018

Sustainability

The ability to provide and maintain service and infrastructure levels without resorting to unplanned increases in rates or cuts to services

2017 Sustainability Indicators Stratford Total Survey Average

Financial Position per Capita

Tax Asset Consumption Ratio

Net Financial Liabilities Ratio

(773) $

386

03

435 $

438

(04)

Vulnerability

Addresses a municipalityrsquos vulnerability to external sources of funding that it cannot control and its exposure to risks

2017 Vulnerability Indicators Stratford Total Survey Average

Reserves

Tax Reserves (less WWW) as of Taxation

Tax Reserves as of Own Source Revenues

Tax Reserves Capita

551

374

923 $

727

523

684 $

Debt

Tax Debt Charges as of Own Source Revenues

Total Debt Outstanding Capita

Tax Debt Outstanding Capita

Debt Outstanding per Own Source Revenue

Debt to Reserve Ratio

64

2082 $

1331 $

747

22

44

731 $

507 $

409

10

Flexibility

The ability to issue debt responsibly without impacting the credit rating Also the ability to generate required revenues

2017 Flexibility Indicators Stratford Total Survey Average

Taxes Receivable as of Taxes Levied

Rates Coverage Ratio

36

805

60

921

Executive Summary

399

Municipal Study 2018

Analysis of Net Municipal Levy Per Capita and Per Assessment

In order to better understand the relative tax position for a municipality another measure that has been included in the study is a comparison of net municipal levies on a per capita and per $100000 basis This measure indicates the total net municipal levy needed to provide services to the municipality This analysis

does not indicate value for money or the effectiveness in meeting community objectives Net municipal expenditures per capita may vary as a result of

Different service levels

Variations in the types of services

Different methods of providing services

Different residentialnon‐residential assessment composition

Varying demand for services

Locational factors

Demographic differences

Socio‐economic differences

Urbanrural composition differences

User fee policies

Age of infrastructure

What is being collected from rates as opposed to property taxes

As such this analysis is not an ldquoapples to applesrdquo comparison of services but rather has been included to provide insight into the net cost of providing municipal services within each municipality Further analysis would be required to determine the cause of the differences across each spending envelope and within

each municipality This analysis was completed using the most current information available ‐ net municipal levies as per the 2018 municipal levy by‐laws and the 2018 estimated populations

2018 Stratford Total Survey Average Southwest

Net Municipal Levy per Capita

Net Municipal Levy per $100000 Unweighted CVA

1701 $

1449 $

1527 $

1111 $

1497 $

1071 $

User Fees

A number of user fees have been included in the Study including the following

2018 Fees Stratford Total Survey Average Southwest

Development Charges ‐ Single Detached

Residential Building Permit Fee

13951 $

2013 $

33411 $

2270 $

20235 $

2081 $

Executive Summary

400

Municipal Study 2018

Comparison of Tax Ratios

Tax ratios reflect how a property class tax rate compares to the residential rate Changes in tax ratios affect

the relative tax burden between classes of properties Tax ratios can be used to prevent large shifts of the tax burden caused by relative changes in assessment among property classes as well as to lower the tax

rates on a particular class or classes

2018 Tax Ratios Stratford Total Survey Average

Multi‐Residential 20000 17902

Commercial (Residual) 19759 16871

Industrial (Residual) 27584 21826

Taxes and Comparison of Relative Taxes

The purpose of this section of the report is to undertake ldquolikerdquo property comparisons across each municipality and across various property types In total there are 12 property types in the residential multi ‐residential commercial and industrial classes There are many reasons for differences in relative tax

burdens across municipalities and across property classes including but not limited to

Differences in values of like properties

Differences in the tax ratios and the use of optional classes

Non‐uniform education tax rates in the non‐residential classes

Level of service provided and the associated costs

Extent to which a municipality employs user fees

Access to other sources of revenues such as dividends from hydro utilities and casino revenues

2018 Property Taxes Stratford Total Survey Average Southwest

Detached Bungalow

2 Storey Home

Senior Executive Home

Walk Up Apartment (per Unit)

MidHigh Rise (per Unit)

Neigh Shopping (per sq ft)

Office Building (per sq ft)

Hotels (per Suite)

Motels (per Suite)

Industrial Standard (per sq ft)

Industrial Large (per sq ft)

Industrial Vacant Land (per Acre)

$

$

$

$

$

$

$

$

$

$

$

$

3526

5558

6425

1856

2177

198

319

2322

1266

137

056

1321

3397 $

4524 $

6286 $

1382 $

1715 $

363 $

304 $

1602 $

1240 $

167 $

111 $

3673 $

3093 $

4322 $

6004 $

1377 $

1771 $

333 $

297 $

1521 $

1296 $

142 $

086 $

2007 $

Executive Summary

401

Municipal Study 2018

Comparison of Water and Sewer User Costs

A comparison was made of watersewer costs in each municipality The following table summarizes the costs in the municipality for water and sewer on typical annual consumption against the overall survey average

2018 WaterSewer Cost of Service Stratford

Total Survey Average Southwest

Residential ‐ 200 m3

Commercial ‐ 10000 m3

Industrial ‐ 30000 m3

Industrial ‐ 100000 m3

Industrial ‐ 500000 m3

$

$

$

$

$

772

27162

80845

268568

1341044

1074 $

36054 $

102824 $

334031 $

1647471 $

1135 $

36709 $

104178 $

331985 $

1676956 $

2018 Property Taxes and WaterWastewater Costs as a of Income

This section of the report provides a comparison of the availability of gross household income to fund municipal services on a typical household This provides a measure of affordability within each community

2018 Affordability Indicators Stratford Total Survey Average Southwest

Property Taxes as a of Household Income

WaterSewer + Taxes as a of Household Income

45 38

54 49

36

48

Economic Development Programs

A summary was completed of programs that municipalities have implemented to promote economic

development in the areas of retention and expansion downtown development and brownfield

redevelopment

Executive Summary

1

Municipal Study 2018

Executive Summary

Municipal Study 2018

SECTION 1 Introduction

Since 2000 BMA Management Consulting Inc has annually completed a municipal comparative study on behalf of participating Ontario municipalities The Executive Summary provides an overview of the analysis

contained in the comprehensive report

The study identifies both key quantifiable indicators and selective environmental factors that should be considered as part of a comprehensive evaluation of a local municipalityrsquos financial condition Use of the study over a number of years provides trends to allow decision makers to monitor selected indicators over

time Trend analysis helps to provide interpretative context In addition context can be provided by

comparing a municipalityrsquos own experience with the experience of other municipalities

108 Ontario municipalities representing in excess of 85 of the population

Number of Populations Municipalities 100000 or greater 26

30000 ‐ 99999 27

15000 ‐ 29999 24

0 ‐ 14999 31

Total 108

The analysis was completed using the most recent information available as provided by the participating municipalities including

2018 Current Value Assessment

2018 Tax Policies

2018 Levy By‐laws

2018 Development Charges

2018 WaterSewer Rates

2017 FIRs

2018 User Fees

Economic Development Programs

Executive Summary 2

Municipal Study 2018

2018 Municipalities Included in the Study

The following provides a summary of the municipalities participating by population range

Populations 15000 or less

Populations 15000 ndash 29999

Populations 30000 ndash 99999

Populations gt100000

Bancroft

Brock

Brockton

Central Elgin

Elliot Lake

Erin

Espanola

Gravenhurst

Greenstone

Grey Highlands

Guelph‐Eramosa

Ingersoll

Kincardine

Lambton Shores

Mapleton

Meaford

Minto

North Dumfries

North Middlesex

North Perth

North Stormont

Parry Sound

Penetanguishene

Puslinch

Saugeen Shores

St Marys

Tay

Tiny

Wainfleet

Wellesley

Wellington North

Bracebridge

Brockville

Centre Wellington

Collingwood

East Gwillimbury

Grimsby

Huntsville

Kenora

King

Lincoln

Middlesex Centre

Midland

Niagara‐on‐the‐Lake

Owen Sound

Pelham

Port Colborne

Prince Edward County

Springwater

Strathroy‐Caradoc

Thorold

Tillsonburg

West Lincoln

Wilmot

Woolwich

Barrie

Brampton

Brantford

Burlington

Cambridge

Chatham‐Kent

Durham Region

Greater Sudbury

Guelph

Halton Region

Hamilton

Kingston

Kitchener

London

Markham

Milton

Mississauga

Niagara Region

Oakville

Oshawa

Ottawa

Peel Region

Richmond Hill

Simcoe County

St Catharines

Thunder Bay

Toronto

Vaughan

Waterloo Region

Waterloo

Whitby

Windsor

York Region

Aurora

Belleville

Brant

Bruce County

Caledon

Clarington

Cornwall

Fort Erie

Georgina

Grey County

Haldimand

Halton Hills

Innisfil

Muskoka District

Newmarket

Niagara Falls

Norfolk

North Bay

Orangeville

Orillia

Peterborough

Pickering

Quinte West

Sarnia

Sault Ste Marie

St Thomas

Stratford

Timmins

Welland

Wellington County

Whitchurch‐Stouffville

Executive Summary 3

Municipal Study 2018

SECTION 2 Socio‐Economic Indicators

A complete assessment of a municipalityrsquos financial condition should include consideration of socio‐economic factors Socio‐economic indicators describe and quantify a municipalityrsquos wealth and economic conditions and provide insight into a municipalityrsquos ability to generate revenue relative to the municipalitys demand for public services An evaluation of socio‐economic indicators contributes to the development of sound financial policies

Land Density

Population density indicates the number of residents living in an area (usually measured by square

kilometre) Analysis of density can provide insight into the age of a city growth patterns zoning practices and new development opportunities High population density can indicate whether a municipality may be reaching build‐out as well as service and infrastructure needs such as additional public transit or street

routes The following graph provides a summary of average population density per square kilometre by geographic location

GTA

SimcoeMuskDuff

Southwest

Eastern

NiagaraHamilton

North

Population Density per Sq Km

‐ 200 400 600 800 1000 1200

Executive Summary 4

Municipal Study 2018

Population Growth

The following graph shows the change in population from 2006‐2011 and from 2011‐2016 As shown in the graph the GTA municipalities experienced the largest population percentage growth in both periods

Northern municipalities experienced the lowest percentage of population growth

‐20

00

20

40

60

80

100

2006‐2011 2011‐2016

Household Income

Household income is one measure of a communityrsquos ability to pay While a higher relative household income is a positive indicator of the overall local economy it may lead to a greater expectation for quality programs and additional challenges in balancing desired levels of service with a willingness to pay for programs and services The average household income varies by geographic location The average household income in Northern municipalities was $84288 compared with $115474 in the GTA

Eastern

North

SimcoeMuskDuff

NiagaraHamilton

Southwest

GTA

2018 Household Income

$‐ $20000 $40000 $60000 $80000 $100000 $120000 $140000

Executive Summary 5

Municipal Study 2018

Assessment Per Capita

Property assessment is the basis upon which municipalities raise taxes A strong assessment base is critical to a municipalityrsquos ability to generate revenues Assessment per capita statistics have been compared to provide an indication of the ldquorichnessrdquo of the assessment base in each municipality Unweighted assessment provides the actual current value assessment of the properties Weighted assessment reflects the basis upon

which property taxes are levied after applying the tax ratios to the various property classes to the unweighted assessment The average assessment per capita is highest in the GTA and lowest in Northern

municipalities

GTA

SimcoeMuskDuff

Southwest

NiagaraHamilton

Eastern

North

Weighted Assessment per Capita

Unweighted Assessment per Capita

$‐ $50000 $100000 $150000 $200000 $250000

Assessment Change

Assessment growth provides an indication of how the base upon which

taxes are levied is changing over time From 2017mdash2018 the assessment increased by 62 on average across the 108 Ontario municipalities The GTA geographic area experienced the largest

increase at 98

Municipalities Grouped by Location 2014‐2015 2015‐2016 2016‐2017 2017‐2018

Eastern 41 48 24 39

North 56 50 07 41

Southwest 48 45 51 60

SimcoeMuskDuff 35 35 42 65

NiagaraHamilton 42 37 44 70

GTA 64 60 87 98

Executive Summary 6

Municipal Study 2018

Residential Properties

Residential properties were broken down by property type to provide an indication of the housing mix in each municipality The following graph reflects the average assessed values for residential properties by geographic location

Average House Value (000s)

GTA

SimcoeMuskDuff

Southwest

NiagaraHamilton

Eastern

North

$‐ $100 $200 $300 $400 $500 $600

Construction Activity

The three year average of building permits per capita were analyzed to provide a measure of relative building activity in each municipality and across the geographic locations The following reflects the results from 2015‐2017

$‐ $1000 $2000 $3000 $4000

North

Eastern

Southwest

NiagaraHamilton

SimcoeMuskDuff

GTA

Construction per Capita (3 yr avg)

Executive Summary 7

0‐25 20

Municipal Study 2018

SECTION 3 Municipal Financial Sustainability Indicators

The Financial Indicators section of the report includes a number of indicators to assist municipalities in evaluating financial condition A municipalityrsquos financial position is defined as the total fund balances including equity in business government enterprises less the amount to be recovered in future years associated with long‐term liabilities A comparison was made of each municipalityrsquos overall financial position (assets less liabilities) There is a significant range in municipal financial position per capita across

Ontario from a low of negative ($2460) to a high of $4914 per capita The following graph provides the percentage of municipalities that fall within each range

Financial Position Per Capita

less than ‐$1000 12

‐$1000‐$0 13

greater than $1000 25

$0‐$1000 50

Asset Consumption Ratio

The asset consumption ratio reflects the written down value of the tangible capital assets in relation to the

historical costs of the assets This ratio seeks to highlight the aged condition of the assets and the potential asset replacement needs A higher ratio may indicate significant replacement needs However if assets are renewed and replaced in accordance with an asset management plan a high ratio should not be a cause

for concern The following graphs reflect the ratio ranges across the survey for tax water and wastewater assets

Tax Water Wastewater

26‐50 73

51‐75 22

greater than 75 greater than 75 greater than 75 1 11 51‐75 9 0‐25 4

26‐50 70

0‐25 17 51‐75 7

26‐50 75

Executive Summary 8

0‐30 23 40

2‐3 13

Municipal Study 2018

Reserves

Reserves are a critical component of a municipalityrsquos long‐term financing plan The following graphs provide the range of reserves as a percentage of own source revenues for tax supported services water and wastewater The level of reserves required will vary for a number of reasons including

Services provided by the municipality

Age and condition of infrastructure inventory of fleet and vehicles supporting municipal operations

Level of expenditures

Internal debt and reserve policies

Targets ranges established on a reserve by reserve basis

Economic conditions and projections

Tax of OSR Water of OSR WW of OSR

greater than 90 greater than 90

8 0‐30 20 0‐30 27

greater than 90 60‐90 27 43

30‐60 11

30‐60 29

60‐90 8 30‐60 45 60‐90 19

Debt Indicators

Debt indicators can reveal increasing reliance on debt decreasing flexibility sudden large increases or decreases in future debt service and the amount of debt that a community can absorb The following graphs

summarize the debt interest ratio for tax water and wastewater to provide an understanding of the percentage of municipalities within various ranges of the debt interest ratio This ratio indicates the extent

to which a municipalityrsquos operating revenues are committed to interest expenses

Tax Water WW

greater than 3 5

0‐2 9

2‐10 8

0‐2 14

greater than

2‐10 4

0‐1 51

1‐2 31

greater than 10 82 10 83

Executive Summary 9

Municipal Study 2018

Taxes Receivable as a of Taxes Levied

Every year a percentage of property owners is unable to pay property taxes If this percentage increases over time it may indicate an overall decline in the municipalityrsquos economic health Additionally as uncollected property taxes rise liquidity decreases If the percentage of uncollected property taxes increases over time it may indicate an overall decline in the municipalityrsquos economic health The following graph provides a summary of the 2017 taxes receivable as a percentage of taxes levied in each of the geographic areas

Taxes Receivables as Taxes Levied

SimcoeMuskDuff

North

Eastern

NiagaraHamilton

Southwest

GTA

00 20 40 60 80

SECTION 4 Revenue amp Expenditure Analysis

Net Municipal Levy per Capita and per $100000 of assessment

Different service levels

Variations in the types of services

Different methods of providing services

User fee policies

Different assessment composition

Varying demand for services

Locational factors

Demographic differences

Socio‐economic differences

Urbanrural composition differences

Levy per Capita Levy per $100000 of Assesment

Eastern

Southwest

GTA

NiagaraHamilton

SimcoeMuskDuff

North

$‐ $200 $400 $600 $800 $1000 $1200 $1400 $1600 $1800 $2000

An analysis of levy per capita and per $100000 of assessment does not indicate value for money or the effectiveness in meeting

community objectives Municipal levies may vary as a result of

Net municipal levy per capita was calculated using Manifold Data Mining 2018 estimated population and the

2018 municipal levies The net levy on a per capita basis ranged from $1006 to $3038 (with an average of $1527 per capita) Net levy per $100000 of assessment is also provided The net levy on a per $100000 of unweighted assessment basis ranged across the municipalities from $538 to $2328 (with an average of $1111 per $100000 of assessment)

Executive Summary 10

Municipal Study 2018

SECTION 5 Select User Fee and Revenue Information

The Select User Fee and Revenue Information section of the report includes development charges building

permit fees tipping fees and transit fares

Development Charges

The recovery of costs by Ontario municipalities for capital infrastructure required to support new growth is governed by the Development Charges Act (1997) and supporting regulations The following table

summarizes the 2018 development charges Note some municipalities do not charge development charges

Non‐

Apartment Apartment Non‐Residential Residential 2018 Development Multiples units gt=2 units lt 2 (per Commercial (per Industrial

Charges Residential Dwelling 3+ (per unit) unit) sqft) (per sqft)

North $ 13789 7645 $ 6624 $ 6624 $ 761 $ 463 $

Eastern $ 15360 11682 $ 9562 $ 7374 $ 917 $ 543 $

Southwest $ 20235 15639 $ 12058 $ 10239 $ 795 $ 627 $

SimcoeMuskDuff $ 25843 21705 $ 16842 $ 13480 $ 920 $ 731 $

NiagaraHamilton $ 27231 19513 $ 18055 $ 11481 $ 1640 $ 854 $

GTA $ 72422 59269 $ 43903 $ 32204 $ 4265 $ 2132 $

SECTION 6 Tax Policies

The relative tax burden in each class of property will be impacted by the type of tax policies implemented in each municipality As such an analysis of the 2018 tax policies that impact the relative tax position was completed The following table summarizes the range of 2018 tax ratios across the survey

2018 Tax Ratios Average Median Min Max

Multi‐Residential 17902 18831 10000 26342

Commercial 16871 16929 11000 28476

Industrial 21826 22150 11000 47186

Executive Summary 11

Municipal Study 2018

SECTION 7 Comparison of Relative Taxes

Like property comparisons were undertaken on 12 property types that were of most interest to the participating municipalities In order to calculate the relative tax burden of ldquolikerdquo properties every effort was

made to hold constant those factors deemed to be most critical in determining a propertyrsquos assessed value There are many reasons for differences in relative tax burdens across municipalities and across property

classes These include but are not limited to the following

The values of like properties vary significantly across municipalities

The tax ratios in each class and the use of optional classes

Non‐uniform education tax rates in the non‐residential classes

Tax burdens across municipalities also vary based on the level of service provided and the associated costs

of providing these services

Extent to which a municipality employs user fees or has access to other sources of revenues such as dividends from hydro utilities gaming amp casino revenues

Residential Detached Senior Industrial Standard per Vacant Land Properties Bungalow 2 Storey Executive Properties sqft Large per sqft per acre

North $ 3153 $ 4817 6570 $ North 190 $ 100 $ 2609 $

Eastern $ 3185 $ 4401 6273 $ Eastern 148 $ 119 $ 2579 $

Southwest $ 3093 $ 4322 6004 $ Southwest 142 $ 086 $ 2007 $

SimcoeMuskDuff $ 3014 $ 4037 5703 $ SimcoeMuskDuff 131 $ 103 $ 1949 $

NiagaraHamilton $ 3518 $ 4693 6328 $ NiagaraHamilton 188 $ 090 $ 3669 $

GTA $ 4188 $ 4955 6859 $ GTA 219 $ 158 $ 8602 $

Survey Average $ 3397 $ 4524 6286 $ Survey Average 167 $ 111 $ 3673 $

Survey Median $ 3345 $ 4636 6223 $ Survey Median 169 $ 108 $ 2106 $

Neigh Multi‐Residential High Rise per Commercial Shopping per Hotel per Motel per Properties Walk Up per Unit Unit Properties Office per sqft sqft suite suite

North 1329 $ 1636 $ North 301 $ 335 $ 1417 $ 1270 $

Eastern 1561 $ 2091 $ Eastern 318 $ 399 $ 1902 $ 1420 $

Southwest 1377 $ 1771 $ Southwest 297 $ 333 $ 1521 $ 1296 $

SimcoeMuskDuff 1026 $ 1615 $ SimcoeMuskDuff 278 $ 328 $ 1848 $ 1094 $

NiagaraHamilton 1618 $ 1752 $ NiagaraHamilton 280 $ 387 $ 1870 $ 1117 $

GTA 1401 $ 1544 $ GTA 341 $ 421 $ 1417 $ 1208 $

Survey Average 1382 $ 1715 $ Survey Average 304 $ 363 $ 1602 $ 1240 $

Survey Median 1365 $ 1744 $ Survey Median 305 $ 374 $ 1467 $ 1208 $

Executive Summary 12

Municipal Study 2018

SECTION 8 Comparison of WaterSewer Costs

The establishment of water and sewer rates is a municipal responsibility and the absence of standard procedures across Ontario has resulted in the evolution of a great variety of rate structure formats There was considerable diversity across the survey in terms of the costs of watersewer and how services are

charged

Residential Commercial Industrial Industrial Industrial

Volume 200 m3

10000 m3 30000 m3

100000 m3 500000 m3

Meter Size 58 2 3 4 6

Average 1074 $ 36054 $ 102824 $ 334031 $ $ 1647471

Median 1038 $ 33087 $ 96928 $ 313040 $ $ 1541796

Min 463 $ 9626 $ 22026 $ 89898 $ 370994 $

Max 2090 $ 86527 $ 186000 $ 620000 $ $ 3100000

SECTION 9 Property Taxes and WaterWastewater as a of Income

A comparison was made of relative property tax burdens and watersewer costs on comparable properties

against the median household incomes The report also calculates the total municipal tax burden as a percentage of income available on an average household

Total Municipal Burden as a of Household Income

GTA 45

Southwest 48

North 49

NiagaraHamilton 51

SimcoeMuskDuff 54

Eastern 55

SECTION 10 Economic Development Programs

Business Retention amp Expansion Programs

DowntownArea Specific Programs

Brownfield Redevelopment

Executive Summary 13

Municipal Study 2018

IntroductionmdashMunicipal Study 2018

1

Municipal Study 2018

Introduction

For the past seventeen years BMA Management Consulting Inc has annually completed a municipal comparative study on behalf of participating Ontario municipalities This report brings together a group of indicators to give an overall snapshot for each municipality The analysis was completed using the most

recent information available as provided by the participating municipalities including

2018 current value assessment

2018 tax policies

2018 levy by‐laws

2018 development charges

2018 watersewer rates

2017 FIRs (as available)

2018 user fees

Economic development programs

To facilitate the analysis given the significant volume of information included in the report the

information is also accessible through BMArsquos online password protected database This provides the

participating municipalities with the ability to select only those municipalities that are of interest and to focus on specific areas of interest The database also provides the ability to analyze trends with data available over a five year period The database can be accessed from the BMA website wwwbmaconsultcom This information can be downloaded from the website into Excel to allow municipalities the ability to track their progress over time and to focus their analysis on specific comparators which can be incorporated into reports and presentations

For more information please feel free to contact

BMA Management Consulting Inc

139 Markland St Hamilton L8P 2K3

Phone (905) 528‐3206

Fax (905) 528‐3210

bmaonaibncom

Contacts Jim Bruzzese or Catherine Minshull

Introduction 2

Municipal Study 2018

Municipal Study Database

Introduction 3

Municipal Study 2018

Why Participate in a Study

The study identifies key financial and economic indicators and factors that should be

considered as part of a comprehensive evaluation of a municipalityrsquos financial condition

Use of the study over a number of years provides trends to allow decision makers to

monitor selected indicators over time Trend analysis helps to provide interpretative context Additional context can come from comparing a municipalityrsquos own experience with the experience of other municipalities While the study includes 108 municipalities it is recommended that the users take advantage of the online database to focus on

similar municipalities

Many of the analytical techniques included in the report are consistent with approaches used by credit

rating agencies and are also used by the International CityCounty Management Association (ICMA) The information contained in this report can help local municipalities analyze and interpret financial economic

and demographic trends Trend analysis is critical to truly understand and evaluate a municipalityrsquos financial condition and to provide early warning signals of potential or emerging financial problems

It is anticipated that the consolidation of the financial and economic indicators contained in the Municipal

Study will achieve the following goals and objectives

To help municipal decision‐makers in assessing market conditions

To understand the unique characteristics of each municipality

To understand the relationship between various controllable and uncontrollable factors in addressing a municipalityrsquos competitive opportunities and challenges

To develop a database of material that can be updated in future years to assess progress and establish targets

To create awareness of the trends and the potential need to modify policies

To assist in aligning municipal decisions in property taxation with other economic development

programs and initiatives

To assist municipalities in developing a long‐term strategy for property taxation to achieve municipal competitive objectives in targeted property classes

To create a baseline source of information that will assist municipalities in addressing specific areas of concern and to gain a better understanding of how other municipalities have addressed similar concerns

To understand the impact of reassessment and growth

To identify areas that may require further review (eg service levels user fees service delivery)

Introduction 4

Municipal Study 2018

Municipalities Represented in the Study

The following summarizes the municipalities by population range

Populations 15000 or less

Populations 15000 ndash 29999

Populations 30000 ndash 99999

Populations gt100000

Bancroft

Brock

Brockton

Central Elgin

Elliot Lake

Erin

Espanola

Gravenhurst

Greenstone

Grey Highlands

Guelph‐Eramosa

Ingersoll

Kincardine

Lambton Shores

Mapleton

Meaford

Minto

North Dumfries

North Middlesex

North Perth

North Stormont

Parry Sound

Penetanguishene

Puslinch

Saugeen Shores

St Marys

Tay

Tiny

Wainfleet

Wellesley

Wellington North

Bracebridge

Brockville

Centre Wellington

Collingwood

East Gwillimbury

Grimsby

Huntsville

Kenora

King

Lincoln

Middlesex Centre

Midland

Niagara‐on‐the‐Lake

Owen Sound

Pelham

Port Colborne

Prince Edward County

Springwater

Strathroy‐Caradoc

Thorold

Tillsonburg

West Lincoln

Wilmot

Woolwich

Barrie

Brampton

Brantford

Burlington

Cambridge

Chatham‐Kent

Durham Region

Greater Sudbury

Guelph

Halton Region

Hamilton

Kingston

Kitchener

London

Markham

Milton

Mississauga

Niagara Region

Oakville

Oshawa

Ottawa

Peel Region

Richmond Hill

Simcoe County

St Catharines

Thunder Bay

Toronto

Vaughan

Waterloo Region

Waterloo

Whitby

Windsor

York Region

Aurora

Belleville

Brant

Bruce County

Caledon

Clarington

Cornwall

Fort Erie

Georgina

Grey County

Haldimand

Halton Hills

Innisfil

Muskoka District

Newmarket

Niagara Falls

Norfolk

North Bay

Orangeville

Orillia

Peterborough

Pickering

Quinte West

Sarnia

Sault Ste Marie

St Thomas

Stratford

Timmins

Welland

Wellington County

Whitchurch‐Stouffville

Introduction 5

Municipal Study 2018

Socio‐Economic Indicators

Socio Economic Indicators 6

Municipal Study 2018

Socio‐Economic Indicators

A complete assessment of local governmentrsquos financial condition should include socio‐economic factors

Socio‐economic indicators describe and quantify a municipalityrsquos wealth and economic conditions and

provide insight into a municipalityrsquos collective ability to generate revenue relative to the municipalitys demand for public services An examination of local economic and demographic characteristics can identify the following situations

A decline in the tax base as measured by population property value employment or business activity

A need to shift public service priorities because demographic changes in the municipality

A need to shift public policies because of changes in economic conditions

An evaluation of socio‐economic factors contributes to the development of sound financial policies The

Socio‐Economic Factors section of the report includes the following information to assist municipalities in understanding some basic facts about each municipality included in the study

Population Statistics (2006‐2018)

Note Manifold Data Mining estimates for 2018 includes the undercount normally 3‐5 of population

Age Demographics

Average Household Income

Land Area and Density

Labour Statistics

Assessment Per Capita

Change in Unweighted Assessment (2013‐2018)

Assessment Composition By Class

Consolidated Unweighted and Weighted Assessment (Residential vs Non‐Residential)

Shift in Tax BurdenmdashUnweighted to Weighted Residential Assessment

Residential Properties by Type

Building Construction Activity (Residential Non‐Residential)

Socio Economic Indicators 7

Municipal Study 2018

Population Statistics 2006‐2018 (sorted highest to lowest population)

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Ottawa 812129 883391 934243 993556 88 58

Toronto 2503281 2615060 2731571 2890660 45 45

Brampton 433806 523911 593638 648883 208 133

Mississauga 668549 713443 721599 772000 67 11

London 352395 366151 383822 406751 39 48

Hamilton 504559 519949 536917 565591 31 33

Vaughan 238866 288301 306233 334499 207 62

Markham 261573 301709 328966 354135 153 90

Windsor 216473 210891 217188 228533 ‐26 30

Kitchener 204668 219153 233222 248635 71 64

Oakville 165613 182520 193832 206478 102 62

Richmond Hill 162704 185541 195022 206889 140 51

Oshawa 141590 149607 159458 170096 57 66

Burlington 164415 175779 183314 193853 69 43

Barrie 128430 135711 141434 149374 57 42

Greater Sudbury 157857 160274 161531 168518 15 08

St Catharines 131989 131400 133113 139152 ‐04 13

Guelph 114943 121688 131794 141485 59 83

Whitby 111184 122022 128377 136235 97 52

Cambridge 120371 126748 129920 136454 53 25

Milton 53889 84362 110128 119498 565 305

Kingston 117207 123363 123798 128937 53 04

Waterloo 97475 98780 104986 111868 13 63

Thunder Bay 109140 108359 107909 112042 ‐07 ‐04

Chatham‐Kent 108177 103671 101647 104889 ‐42 ‐20

Brantford 90192 93650 97496 103036 38 41

Pickering 87838 88721 91771 96747 10 34

Clarington 77820 84548 92013 98976 86 88

Niagara Falls 82184 82997 88071 93786 10 61

Newmarket 74295 79978 84224 89420 76 53

Peterborough 74898 78698 81032 85227 51 30

Sault Ste Marie 74948 75141 73368 75584 03 ‐24

Socio Economic Indicators 8

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod)

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Caledon 57050 59460 66502 72326 42 118

Sarnia 71419 72366 71594 74143 13 ‐11

Halton Hills 55289 59008 61161 64522 67 36

Norfolk 62563 63175 64044 66969 10 14

Welland 50331 50631 52293 55088 06 33

Aurora 47629 53203 55445 58618 117 42

North Bay 53966 53651 51553 52773 ‐06 ‐39

Bellevil le 48821 49454 50716 53277 13 26

Cornwall 45965 46340 46589 48556 08 05

Whitchurch‐Stouffvil le 24390 37628 45837 51571 543 218

Haldimand 45212 44876 45608 47738 ‐07 16

Georgina 42346 43517 45418 48045 28 44

Timmins 42997 43165 41788 42904 04 ‐32

Quinte West 42697 43086 43577 45533 09 11

Innisfi l 31175 33079 36566 39745 61 105

St Thomas 36110 37905 38909 40889 50 26

Stratford 30461 30886 31465 32959 14 19

Brant 34415 35638 36707 38626 36 30

Fort Erie 29925 29960 30710 32254 01 25

Orill ia 30259 30586 31166 32656 11 19

Centre Wellington 26049 26693 28191 29963 25 56

Orangevil le 26925 27975 28900 30450 39 33

King 19487 19899 24512 27703 21 232

Grimsby 23937 25325 27314 29274 58 79

East Gwill imbury 21069 22473 23991 25610 67 68

Woolwich 19658 23145 25006 26819 177 80

Lincoln 21722 22487 23787 25297 35 58

Prince Edward County 25496 25258 24735 25512 ‐09 ‐21

Collingwood 17290 19241 21793 23815 113 133

Owen Sound 21753 21688 21341 22053 ‐03 ‐16

Brockvil le 21957 21870 21346 21987 ‐04 ‐24

Wilmot 17097 19223 20545 21939 124 69

Socio Economic Indicators 9

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod)

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Huntsvil le 18280 19056 19816 20931 42 40

Strathroy‐Caradoc 19977 20978 20867 21656 50 ‐05

Thorold 18224 17931 18801 19925 ‐16 49

Springwater 17456 18223 19059 20178 44 46

Port Colborne 18599 18424 18306 18990 ‐09 ‐06

Niagara‐on‐the‐Lake 14587 15400 17511 19166 56 137

Pelham 16155 16598 17110 18010 27 31

Middlesex Centre 15589 16487 17262 18283 58 47

Bracebridge 15652 15409 16010 16903 ‐16 39

Midland 16330 16572 16864 17661 15 18

Kenora 15177 15348 15096 15597 11 ‐16

Tillsonburg 14822 15301 15872 16749 32 37

Saugeen Shores 11720 12661 13715 14724 80 83

West Lincoln 13167 13837 14500 15363 51 48

Guelph‐Eramosa 12066 13458 12854 13569 115 ‐45

North Perth 12254 12631 13130 13867 31 40

Gravenhurst 11046 11640 12311 13094 54 58

Ingersoll 11760 12146 12757 13529 33 50

Wellington North 11175 11477 11914 12576 27 38

Central Elgin 12723 12743 12607 13056 02 ‐11

Brock 11979 11341 11642 12234 ‐53 27

Tiny 10754 11232 11787 12495 44 49

Wellesley 9789 10713 11260 11944 94 51

Erin 11148 10770 11439 12185 ‐34 62

Meaford 10948 11100 10991 11386 14 ‐10

Kincardine 11173 11174 11389 11935 00 19

Lambton Shores 11150 10656 10631 11049 ‐44 ‐02

Mapleton 9851 9989 10527 11179 14 54

North Dumfries 9063 9334 10215 11012 30 94

Elliot Lake 11549 11348 10741 10930 ‐17 ‐53

Tay 9748 9736 10033 10560 ‐01 31

Grey Highlands 9480 9520 9804 10316 04 30

Socio Economic Indicators 10

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod )

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Brockton 9641 9432 9461 9852 ‐22 03

Penetanguishene 9354 9111 8962 9260 ‐26 ‐16

Minto 8504 8334 8671 9161 ‐20 40

St Marys 6617 6655 7265 7823 06 92

Puslinch 6689 7029 7336 7760 51 44

North Stormont 6769 6775 6873 7189 01 14

Parry Sound 5818 6191 6408 6756 64 35

Wainfleet 6601 6356 6372 6633 ‐37 03

North Middlesex 6740 6658 6352 6484 ‐12 ‐46

Espanola 5314 5364 4996 5051 09 ‐69

Greenstone 4906 4724 4636 4786 ‐37 ‐19

Bancroft 3838 3880 3881 4037 11 00

Survey Total 10293100 10942150 11468780 12177245 63 48

Provincial Total 12851821 13366300 13792052 14125923 40 32

Socio Economic Indicators 11

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod )

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Peel Region 1159405 1296814 1381739 1493209 119 65

York Region 892712 1032249 1109909 1188226 156 75

Durham Region 561258 608124 645862 688082 84 62

Halton Region 439256 501669 548435 584351 142 93

Waterloo Region 478121 507096 535154 568671 61 55

Niagara Region 427421 431346 447888 472938 09 38

Simcoe County 263515 279766 307050 315744 62 98

Wellington County 85482 86672 90932 96393 14 49

Bruce County 60310 60264 68147 71733 ‐01 131

Muskoka District 57563 58047 60599 64144 08 44

Grey County 89073 92568 93830 NA 39 14

Summary of Population Change by Geographic Area

The following table summarizes the average population change in percentage each of the geographic areas

2006‐2011 2011‐2016

10

8

6

4

2

0

‐2

Socio Economic Indicators 12

Municipal Study 2018

GTA Municipalitiesmdash change in population 2006‐2018

1 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006 2011

Change 2011 2016

Mississauga 668549 713443 721599 772000 67 11

Brock 11979 11341 11642 12234 ‐53 27

Pickering 87838 88721 91771 96747 10 34

Halton Hills 55289 59008 61161 64522 67 36

Aurora 47629 53203 55445 58618 117 42

Burlington 164415 175779 183314 193853 69 43

Georgina 42346 43517 45418 48045 28 44

Toronto 2503281 2615060 2731571 2890660 45 45

Richmond Hill 162704 185541 195022 206889 140 51

Whitby 111184 122022 128377 136235 97 52

Newmarket 74295 79978 84224 89420 76 53

Oakville 165613 182520 193832 206478 102 62

Vaughan 238866 288301 306233 334499 207 62

Oshawa 141590 149607 159458 170096 57 66

East Gwillimbury 21069 22473 23991 25610 67 68

Clarington 77820 84548 92013 98976 86 88

Markham 261573 301709 328966 354135 153 90

Caledon 57050 59460 66502 72326 42 118

Brampton 433806 523911 593638 648883 208 133

Whitchurch‐Stouffville 24390 37628 45837 51571 543 218

King 19487 19899 24512 27703 21 232

GTA Average 5424662 5902031 6254654 6678998 88 60

Survey Total 10293100 10942150 11468780 12177245 63 48

Milton 53889 84362 110128 119498 565 305

Socio Economic Indicators 13

Municipal Study 2018

Southwestmdash change in population 2006‐2018 5 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006 2011

Change 2011 2016

North Middlesex 6740 6658 6352 6484 ‐12 ‐46

Guelph‐Eramosa 12066 13458 12854 13569 115 ‐45

Chatham‐Kent 108177 103671 101647 104889 ‐42 ‐20

Owen Sound 21753 21688 21341 22053 ‐03 ‐16

Sarnia 71419 72366 71594 74143 13 ‐11

Central Elgin 12723 12743 12607 13056 02 ‐11

Meaford 10948 11100 10991 11386 14 ‐10

Strathroy‐Caradoc 19977 20978 20867 21656 50 ‐05

Lambton Shores 11150 10656 10631 11049 ‐44 ‐02

Brockton 9641 9432 9461 9852 ‐22 03

Norfolk 62563 63175 64044 66969 10 14

Haldimand 45212 44876 45608 47738 ‐07 16

Stratford 30461 30886 31465 32959 14 19

Kincardine 11173 11174 11389 11935 00 19

St Thomas 36110 37905 38909 40889 50 26

Cambridge 120371 126748 129920 136454 53 25

Windsor 216473 210891 217188 228533 ‐26 30

Grey Highlands 9480 9520 9804 10316 04 30

Brant 34415 35638 36707 38626 36 30

Tillsonburg 14822 15301 15872 16749 32 37

North Perth 12254 12631 13130 13867 31 40

Wellington North 11175 11477 11914 12576 27 38

Minto 8504 8334 8671 9161 ‐20 40

Brantford 90192 93650 97496 103036 38 41

Puslinch 6689 7029 7336 7760 51 44

Middlesex Centre 15589 16487 17262 18283 58 47

London 352395 366151 383822 406751 39 48

Ingersoll 11760 12146 12757 13529 33 50

Mapleton 9851 9989 10527 11179 14 54

Wellesley 9789 10713 11260 11944 94 51

Erin 11148 10770 11439 12185 ‐34 62

Centre Wellington 26049 26693 28191 29963 25 56

Waterloo 97475 98780 104986 111868 13 63

Kitchener 204668 219153 233222 248635 71 64

Wilmot 17097 19223 20545 21939 124 69

Woolwich 19658 23145 25006 26819 177 80

Guelph 114943 121688 131794 141485 59 83

Saugeen Shores 11720 12661 13715 14724 80 83

St Marys 6617 6655 7265 7823 06 92

North Dumfries 9063 9334 10215 11012 30 94

Southwest Average 1912310 1965573 2039804 2153844 28 38

Survey Total 10293100 10942150 11468780 12168981 63 48

Socio Economic Indicators 14

Municipal Study 2018

Easternmdash change in population 2006‐2018

3 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Brockville 21957 21870 21346 21987 ‐04 ‐24

Prince Edward County 25496 25258 24735 25512 ‐09 ‐21

Bancroft 3838 3880 3881 4037 11 00

Kingston 117207 123363 123798 128937 53 04

Cornwall 45965 46340 46589 48556 08 05

Quinte West 42697 43086 43577 45533 09 11

North Stormont 6769 6775 6873 7189 01 14

Belleville 48821 49454 50716 53277 13 26

Peterborough 74898 78698 81032 85227 51 30

Ottawa 812129 883391 934243 993556 88 58

Eastern Average 1199777 1282115 1336790 1413811 69 43

Survey Total 10293100 10942150 11468780 12168981 63 48

NiagaraHamiltonmdash change in population 2006‐2018

2 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Port Colborne 18599 18424 18306 18990 ‐09 ‐06

Wainfleet 6601 6356 6372 6633 ‐37 03

St Catharines 131989 131400 133113 139152 ‐04 13

Fort Erie 29925 29960 30710 32254 01 25

Pelham 16155 16598 17110 18010 27 31

Hamilton 504559 519949 536917 565591 31 33

Welland 50331 50631 52293 55088 06 33

West Lincoln 13167 13837 14500 15363 51 48

Thorold 18224 17931 18801 19925 ‐16 49

Lincoln 21722 22487 23787 25297 35 58

Niagara Falls 82184 82997 88071 93786 10 61

Grimsby 23937 25325 27314 29274 58 79

Niagara‐on‐the‐Lake 14587 15400 17511 19166 56 137

Change 2006‐2011

Change 2011‐2016

NiagaraHamilton Average 931980 951295 984805 1038529 21 35

Survey Total 10293100 10942150 11468780 12168981 63 48

Socio Economic Indicators 15

Municipal Study 2018

Northmdash change in population 2006‐2018

4 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Espanola 5314 5364 4996 5051 09 ‐69

Elliot Lake 11549 11348 10741 10930 ‐17 ‐53

North Bay 53966 53651 51553 52773 ‐06 ‐39

Timmins 42997 43165 41788 42904 04 ‐32

Sault Ste Marie 74948 75141 73368 75584 03 ‐24

Greenstone 4906 4724 4636 4786 ‐37 ‐19

Kenora 15177 15348 15096 15597 11 ‐16

Thunder Bay 109140 108359 107909 112042 ‐07 ‐04

Greater Sudbury 157857 160274 161531 168518 15 08

Parry Sound 5818 6191 6408 6756 64 35

North Average 481672 483565 478026 494941 04 ‐11

Survey Total 10293100 10942150 11468780 12168981 63 48

SimcoeMuskokaDufferinmdash change in population 2006‐2018

6 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Penetanguishene 9354 9111 8962 9260 ‐26 ‐16

Midland 16330 16572 16864 17661 15 18

Orillia 30259 30586 31166 32656 11 19

Tay 9748 9736 10033 10560 ‐01 31

Orangeville 26925 27975 28900 30450 39 33

Bracebridge 15652 15409 16010 16903 ‐16 39

Huntsville 18280 19056 19816 20931 42 40

Barrie 128430 135711 141434 149374 57 42

Springwater 17456 18223 19059 20178 44 46

Tiny 10754 11232 11787 12495 44 49

Gravenhurst 11046 11640 12311 13094 54 58

Innisfil 31175 33079 36566 39745 61 105

Collingwood 17290 19241 21793 23815 113 133

Change 2006‐2011

Change 2011‐2016

SimcoeMuskDuff Avg 342699 357571 374701 397122 43 48

Survey Total 10293100 10942150 11468780 12168981 63 48

Socio Economic Indicators 16

Municipal Study 2018

Population of Ontario Regions 2017 and 2041

The Ministry of Finance produces an updated set of population projections every year to provide a demographic outlook reflecting the most up‐to‐date trends and historical data

Ontariorsquos population is projected to grow by 302 or almost 43 million over the next 24 years from

an estimated 142 million on July 1 2017 to almost 185 million by July 1 2041

The annual rate of growth of Ontariorsquos population is projected to ease gradually from 18 to 09

over the projection period

Net migration is projected to account for 76 of all population growth in the province over the 2017ndash 2041 period with natural increase accounting for the remaining 24 In the second half of the projections the contribution of natural increase moderates as baby boomers increasingly reach senior

years and the number of deaths increases more rapidly

The number of children aged 0ndash14 is projected to increase gradually over the projection period from 22 million in 2017 to 27 million by 2041 The childrenrsquos share of population is projected to decrease gradually from 157 in 2017 to 148 by 2041

The Greater Toronto Area (GTA) is projected to be the fastest growing region of the province with its population increasing by 28 million or 408 to reach almost 97 million by 2041 The GTArsquos share of provincial population is projected to rise from 483 in 2017 to 523 in 2041

Socio Economic Indicators 17

Municipal Study 2018

Age Demographics

The age profile of a population may affect municipal expenditures For example expenditures may be

affected by seniors requiring higher public service costs and families with young children demanding

services for recreational and related programs

By 2041 there will be more people in every age group in Ontario compared to 2017 with a sharp increase in the number of seniors Baby boomers will have swelled the ranks of seniors children of the baby boom echo generation will be of school‐age and the baby boom echo cohorts along with a new generation of immigrants will have bolstered the population aged 15ndash64

The number of seniors aged 65 and over is projected to almost double from about 24 million or 167 of population in 2017 to almost 46 million or 248 by 2041 In 2015 for the first time seniors accounted for a larger share of population than children aged 0ndash14

The number of Ontarians aged 15ndash64 is projected to increase from 96 million in 2017 to 112 million by 2041 This age group is projected to decline as a share of total population from 676 in 2017 to 604 by 2041 As baby boomers continue to turn age 65 the growth in population aged 15ndash64 slows until 2027ndash28 and then accelerates over the remainder of the projection

The median age of Ontariorsquos population is projected to rise from 41 years in 2017 to 44 years in 2041 The median age for women climbs from 42 to 45 years over the projection period while for men it is projected to increase from 40 to 43 years

All regions see a shift to an older age structure The GTA is expected to remain the region with the youngest age structure as a result of strong international migration and positive natural increase

Socio Economic Indicators 18

‐ ‐

Municipal Study 2018

Age Demographics 2016 Stats Canada

Municipality 0 19 20‐44 45 64 65+ Municipality 0 19 20‐44 45‐64 65+

Bancroft 18 22 29 31 Aurora 25 30 32 13

Belleville 21 29 28 21 Brampton 27 36 25 11

Brockville 18 26 30 26 Brock 22 27 31 21

Cornwall 21 28 28 23 Burlington 23 30 28 19

Kingston 20 33 27 19 Caledon 26 29 31 13

North Stormont 24 30 31 14 Clarington 25 33 28 14

Ottawa 23 34 28 15 East Gwillimbury 23 30 32 15 Peterborough 20 31 26 22 Georgina 23 31 32 15 Prince Edward County 16 21 33 30 Halton Hills 26 29 31 13 Quinte West 22 28 30 19 King 25 29 31 15

Eastern Avg 20 28 29 22 Markham 23 32 29 15

Provincial Average 22 32 28 17 Milton 32 37 22 9

Mississauga 24 33 29 14

Newmarket

Oakville

25

27

31

29

31

30

14

15 Fort Erie 19 24 33 24

Oshawa 22 32 29 17 Grimsby 23 29 29 19

Pickering 23 31 31 15 Hamilton 22 32 28 17

Richmond Hill 24 31 31 15 Lincoln 23 27 28 21

Toronto 20 38 27 16 Niagara Falls 21 29 30 20

Vaughan 26 32 28 14 Niagara‐on‐the‐Lake 16 21 32 31

Whitby 27 32 29 13 Pelham 21 23 32 24

Whitchurch‐Stouffville 26 32 26 16 Port Colborne 19 25 32 25

St Catharines 20 31 28 22 GTA Avg 25 31 29 15

Thorold 22 33 29 16 Provincial Average 22 32 28 17

Wainfleet 22 25 34 18

Municipality 0 19 20‐44 45‐64 65+

Welland 20 29 29 21

West Lincoln 27 29 29 15

NiagaraHamilton Avg 21 27 30 21

Provincial Average 22 32 28 17

SourcemdashStats Canada Census 2016

Socio Economic Indicators 19

Elliot Lake 14 18 30 38

Espanola 19 27 32 22

Greater Sudbury 21 31 29 18

Greenstone 22 27 33 18

Kenora 21 29 31 19

North Bay 21 31 29 20

Parry Sound 18 26 29 27

Sault Ste Marie 19 28 30 22

Thunder Bay 20 31 29 20

Timmins 23 31 30 15

North Avg 20 28 30 22

Provincial Average 22 32 28 17

Municipal Study 2018

Age Demographics (contrsquod)

Municipality 0 19 20‐44 45‐64 65+

Municipality 0‐19 20‐44 45‐64 65+

Barrie 25 34 27 14

Bracebridge 19 25 31 25

Collingwood 19 26 28 26

Gravenhurst 16 24 33 28

Huntsville 20 27 32 22

Innisfil 24 30 31 15

Midland 19 26 31 25

Orangeville 26 33 27 14

Orillia 19 29 28 24

Penetanguishene 18 26 32 24

Springwater 25 28 33 15

Tay 19 26 34 21

Tiny 17 22 35 26

SimcoeMuskDuff Avg 20 27 31 21

Provincial Average 22 32 28 17

Municipality 0‐19 20‐44 45‐64 65+

Brant 23 27 31 19

Brantford 24 31 28 17

Brockton 22 26 30 21

Cambridge 25 33 28 15

Central Elgin 22 25 34 20

Centre Wellington 24 27 29 20

Chatham‐Kent 22 27 30 21

Erin 23 25 37 15

Grey Highlands 22 25 31 22

Guelph 23 36 26 15

Guelph‐Eramosa 23 26 33 17

Haldimand 23 27 31 18

Ingersoll 25 30 29 16

Kincardine 21 27 30 22

Kitchener 23 36 27 14

Lambton Shores 16 21 33 29

London 22 34 27 17

Mapleton 36 30 24 10

Meaford 18 22 32 28

Middlesex Centre 26 26 30 17

Minto 24 27 28 20

Norfolk 21 26 31 22

North Dumfries 26 28 31 14

North Middlesex 25 27 29 19

North Perth 27 30 25 18

Owen Sound 20 27 28 25

Puslinch 21 23 35 22

Sarnia 20 29 29 22

Saugeen Shores 19 27 30 24

St Marys 22 28 27 23

St Thomas 23 29 28 19

Stratford 21 29 30 21

Strathroy‐Caradoc 23 28 29 20

Tillsonburg 20 26 26 28

Waterloo 23 36 27 14

Wellesley 35 29 25 12

Wellington North 25 27 28 21

Wilmot 26 29 27 19

Windsor 22 32 28 18

Woolwich 28 30 26 17

Southwest Avg 23 28 29 19

Provincial Average 22 32 28 17 SourcemdashStats Canada Census 2016

Socio Economic Indicators 20

Municipal Study 2018

2018 Estimated Average Household Income Household income is one measure of a communityrsquos ability to pay for services While a higher relative household income is a positive indicator of the overall local economy it may lead to a greater expectation for quality programs and additional challenges in balancing desired levels of service with a willingness to pay for programs and services

Municipality

Elliot Lake $ 62158

Bancroft $ 65292

Owen Sound $ 70778

Midland $ 72919

Windsor $ 74671

Orillia $ 74970

Chatham‐Kent $ 77014

Belleville $ 77388

Niagara Falls $ 79768

Wellington North $ 80639

Fort Erie $ 81046

Quinte West $ 82770

Minto $ 83431

Tay $ 83731

Gravenhurst $ 83879

Espanola $ 84143

Greenstone $ 86104

Cornwall 62750 $

Parry Sound 67600 $

Brockville 71084 $

Welland 73910 $

St Thomas 74793 $

Port Colborne 76517 $

Tillsonburg 77240 $

Peterborough 79479 $

St Catharines 80012 $

Brantford 80735 $

North Bay 82320 $

Sault Ste Marie 82955 $

Thorold 83547 $

Penetanguishene 83774 $

Stratford 84065 $

Norfolk 84393 $

London 86126 $

Thunder Bay $ 87350

Municipality Municipality

St Marys $ 88756

Lambton Shores $ 88976

Oshawa $ 90192

North Perth $ 90553

North Stormont $ 91502

Brockton $ 92228

Prince Edward County $ 92682

Hamilton $ 93423

North Middlesex $ 94212

Kenora $ 96224

Haldimand $ 96891

Greater Sudbury $ 97604

Georgina $ 98312

Tiny $ 100784

Brampton $ 102663

Wainfleet $ 103485

Mapleton $ 107206

West Lincoln $ 107846

Strathroy‐Caradoc 88913 $

Collingwood 89612 $

Ingersoll 90487 $

Kitchener 90901 $

Kingston 91580 $

Bracebridge 92397 $

Brock 92943 $

Huntsville 94047 $

Sarnia 94588 $

Timmins 96423 $

Barrie 97290 $

Cambridge 97643 $

Guelph 100108 $

Orangeville 101444 $

Grey Highlands 102808 $

Centre Wellington 106318 $

Innisfil 107643 $

Mississauga $ 109999

Ottawa $ 111599

Lincoln $ 113606

Clarington $ 116511

Markham $ 118152

Wilmot $ 120075

Richmond Hill $ 121671

Newmarket $ 123590

Burlington $ 125873

Wellesley $ 127485

Milton $ 128664

North Dumfries $ 133048

Halton Hills $ 136293

Springwater $ 139363

Middlesex Centre $ 141189

Erin $ 142361

Aurora $ 155457

Oakville $ 179132

Central Elgin 110954 $

Brant 111853 $

Waterloo 114438 $

Grimsby 116929 $

Niagara‐on‐the‐Lake 118156 $

Saugeen Shores 120585 $

Kincardine 122567 $

Pickering 124559 $

Pelham 126655 $

Woolwich 128111 $

Whitby 128665 $

East Gwillimbury 135968 $

Guelph‐Eramosa 136490 $

Vaughan 139474 $

Whitchurch‐Stouffville 142060 $

Caledon 145664 $

Puslinch 179036 $

Meaford 87359 $ Toronto 107968 $ King 187349 $

Average $ 102194

SourcemdashManifold Data Mining Median 95406 $

Socio Economic Indicators 21

Municipal Study 2018

2018 Average Household Income by Geographic Location

The following table provides the estimated average household income in 2018 for each of the

municipalities SourcemdashManifold Data Mining summarized by geographic area

3

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Cornwall $ 62750 low

Bancroft $ 65292 low

Brockvil le $ 71084 low

Bellevil le $ 77388 low

Peterborough $ 79479 low

Quinte West $ 82770 low

North Stormont $ 91502 mid

Kingston $ 91580 mid

Prince Edward County $ 92682 mid

Ottawa $ 111599

Eastern Avg $ 82613

high

6

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Midland $ 72919 low

Orill ia $ 74970 low

Tay $ 83731 low

Penetanguishene $ 83774 low

Gravenhurst $ 83879 low

Collingwood $ 89612 mid

Bracebridge $ 92397 mid

Huntsvil le $ 94047 mid

Barrie $ 97290 mid

Tiny $ 100784 mid

Orangevil le $ 101444 mid

Innisfi l $ 107643 mid

Springwater $ 139363

SimcoeMuskDuff Avg $ 93989

high

1

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Oshawa

Brock

Georgina

Brampton

Toronto

Mississauga

Clarington

Markham

Richmond Hill

Newmarket

Pickering

Burlington

Milton

Whitby

East Gwill imbury

Halton Hills

Vaughan

Whitchurch‐Stouffvil le

Caledon

Aurora

Oakville

King

90192 $

92943 $

98312 $

102663 $

107968 $

109999 $

116511 $

118152 $

121671 $

123590 $

124559 $

125873 $

128664 $

128665 $

135968 $

136293 $

139474 $

142060 $

145664 $

155457 $

179132 $

187349 $

mid

mid

mid

mid

mid

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

GTA Avg 127780 $

Socio Economic Indicators 22

Municipal Study 2018

Average Household Income by Geographic Location (contrsquod)

2

Municipality

2018 Income Ranking

2018 Est Avg

Household Income

5

Municipality

2018

Income Ranking

2018 Est Avg

Household Income

low Welland $ 73910

low Port Colborne $ 76517

low Niagara Falls $ 79768

low St Catharines $ 80012

low Fort Erie $ 81046

low Thorold $ 83547

mid Hamilton $ 93423

mid Wainfleet $ 103485

mid West Lincoln $ 107846

Lincoln $ 113606

Grimsby $ 116929

Niagara‐on‐the‐Lake $ 118156

Pelham $ 126655

high

high

high

high

NiagaraHamilton Avg $ 96531

4

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Elliot Lake $ 62158 low

Parry Sound $ 67600 low

North Bay $ 82320 low

Sault Ste Marie $ 82955 low

Espanola $ 84143 low

Greenstone $ 86104 low

Thunder Bay $ 87350 low

Kenora $ 96224 mid

Timmins $ 96423 mid

Greater Sudbury $ 97604 mid

North Avg $ 84288

low Owen Sound $ 70778

low Windsor $ 74671

low St Thomas $ 74793

low Chatham‐Kent $ 77014

low Tillsonburg $ 77240

low Wellington North $ 80639

low Brantford $ 80735

low Minto $ 83431

low Stratford $ 84065

low Norfolk $ 84393

low London $ 86126

low Meaford $ 87359

mid St Marys $ 88756

mid Strathroy‐Caradoc $ 88913

mid Lambton Shores $ 88976

mid Ingersoll $ 90487

mid North Perth $ 90553

mid Kitchener $ 90901

mid Brockton $ 92228

mid North Middlesex $ 94212

mid Sarnia $ 94588

mid Haldimand $ 96891

mid Cambridge $ 97643

mid Guelph $ 100108

mid Grey Highlands $ 102808

mid Centre Wellington $ 106318

mid Mapleton $ 107206

Central Elgin $ 110954

Brant $ 111853

Waterloo $ 114438

Wilmot $ 120075

Saugeen Shores $ 120585

Kincardine $ 122567

Wellesley $ 127485

Woolwich $ 128111

North Dumfries $ 133048

Guelph‐Eramosa $ 136490

Middlesex Centre $ 141189

Erin $ 142361

Puslinch $ 179036

high

high

high

high

high

high

high

high

high

high

high

high

high

Southwest Avg $ 102001

Socio Economic Indicators 23

Municipal Study 2018

Summary 2018 Average Household Income by Geographic Location

GTA

Southwest

NiagaraHamilton

SimcoeMuskDuff

North

Eastern

Socio Economic Indicators 24

Municipal Study 2018

Land Area and Density

Population density indicates the number of residents living in an area (usually measured by square kilometre) Density readings can lend insight into the age of a city growth patterns zoning practices new development opportunities and the level of multi‐family unit housing High population density can also

indicate whether a municipality may be reaching build‐out as well as service and infrastructure needs such as additional public transit or street routes As stated by the Province of Ontario in their InfoSheet Planning for Intensification some of the benefits of intensification include

Using resources such as lands buildings and infrastructure more effectively

Protecting the natural environment and biodiversity by limiting urban expansion

Incorporating green features that offset and support new development

Creating active streets that promote healthier patterns of human activity

Creating economic opportunities

Reducing carbon footprint

Improving access to public transit

Enhancing community identity

Improving municipal fiscal performance

Socio Economic Indicators 25

Municipal Study 2018

Land Area and Density (sorted by population density)

Municipality Land Area

(Sq Km)

2018

Pop

Density Per Sq

Density Ranking Municipality

Land Area

(Sq Km)

2018

Pop

Density Per Sq

Density Ranking

Greenstone 2767 2 low Espanola 83 61 mid

North Middlesex 598 11 low Centre Wellington 408 74 mid

Grey Highlands 883 12 low Kenora 212 74 mid

North Stormont 516 14 low Tay 139 76 mid

Timmins 2979 14 low Strathroy‐Caradoc 271 80 mid

Ell iot Lake 715 15 low Woolwich 326 82 mid

Brockton 565 17 low King 333 83 mid

Bancroft 230 18 low Wilmot 264 83 mid

Meaford 589 19 low Saugeen Shores 171 86 mid

Mapleton 535 21 low Quinte West 494 92 mid

Kincardine 538 22 low East Gwill imbury 245 105 mid

Wellington North 526 24 low Caledon 688 105 mid

Prince Edward County 1050 24 low Pelham 126 142 mid

Gravenhurst 518 25 low Niagara‐on‐the‐Lake 133 144 mid

Bracebridge 628 27 low Innisfi l 263 151 mid

North Perth 493 28 low Lincoln 163 155 mid

Brock 423 29 low Port Colborne 122 156 mid

Huntsvil le 710 29 low Clarington 611 162 mid

Minto 301 30 low North Bay 319 165 mid

Wainfleet 217 31 low Georgina 288 167 mid

Middlesex Centre 588 31 low Fort Erie 166 194 mid

Lambton Shores 331 33 low Bellevil le 247 215 mid

Puslinch 215 36 low Halton Hills 276 234 mid

Tiny 337 37 low Thorold 83 240 mid

Springwater 536 38 low Whitchurch‐Stouffvil le 206 250 mid

Haldimand 1252 38 low Kingston 415 311 mid

West Lincoln 388 40 low Milton 363 329 mid

Erin 298 41 low Sault Ste Marie 223 339 mid

Norfolk 1608 42 low Thunder Bay 328 341 mid

Chatham‐Kent 2458 43 low Ottawa 2790 356 mid

Wellesley 278 43 low Penetanguishene 26 362 mid

Brant 843 46 low Pickering 232 418 mid

Guelph‐Eramosa 292 47 low Grimsby 69 425 mid

Central Elgin 280 47 low Niagara Falls 210 447 mid

Greater Sudbury 3228 52 low Sarnia 165 450 mid

North Dumfries 187 59 low Midland 35 500 mid

Socio Economic Indicators 26

Municipal Study 2018

Land Area and Density (sorted by population density) (contrsquod)

Municipality Land Area

(Sq Km)

2018

Pop

Density Per Sq

Density Ranking

Parry Sound 13 504

Hamilton 1117 506

St Marys 12 628

Welland 81 680

Collingwood 34 705

Til lsonburg 22 750

Cornwall 62 789

Owen Sound 24 909

Whitby 147 929

London 420 968

Burlington 186 1044

Brockvil le 21 1055

Ingersoll 13 1061

Oril l ia 29 1143

St Thomas 36 1148

Stratford 28 1165

Oshawa 146 1168

Aurora 50 1176

Vaughan 274 1193

Cambridge 113 1207

Peterborough 64 1326

Brantford 72 1422

St Catharines 96 1448

Oakvil le 139 1487

Barrie 99 1508

Windsor 146 1561

Guelph 87 1622

Markham 212 1668

Waterloo 64 1747

Kitchener 137 1818

Orangeville 16 1951

Richmond Hill 101 2046

Newmarket 38 2326

Brampton 266 2436

Mississauga 292 2640

Toronto 630 4587

Average 423 547

Median 255 164

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

Socio Economic Indicators 27

Municipal Study 2018

Land Area and Density by Geographic Location

3 2018

Population

Density Per Sq Km

Land Area (Sq Km)

Density Ranking

low North Stormont 516 14

low Bancroft 230 18

low Prince Edward County 1050 24

mid Quinte West 494 92

mid Bellevil le 247 215

mid Kingston 415 311

mid Ottawa 2790 356

Cornwall 62 789

Brockvil le 21 1055

Peterborough 64 1326

high

high

high

Eastern Avg 589 420

Median 331 263

2 Municipality

Land Area (Sq Km)

2018

Population

Density Per Sq Km

Density Ranking

low Wainfleet 217 31

low West Lincoln 388 40

mid Pelham 126 142

mid Niagara‐on‐the‐Lake 133 144

mid Lincoln 163 155

mid Port Colborne 122 156

mid Fort Erie 166 194

mid Thorold 83 240

mid Grimsby 69 425

mid Niagara Falls 210 447

Hamilton 1117 506

Welland 81 680

St Catharines 96 1448

high

high

high

NiagaraHamilton Avg 229 354

Median 133 194

1 Municipality

Land Area (Sq Km)

2018

Population

Density Per Sq Km

Density Ranking

low Brock 423 29

mid King 333 83

mid East Gwill imbury 245 105

mid Caledon 688 105

mid Clarington 611 162

mid Georgina 288 167

mid Halton Hills 276 234

mid Whitchurch‐Stouffvil le 206 250

mid Milton 363 329

mid Pickering 232 418

Whitby 147 929

Burlington 186 1044

Oshawa 146 1168

Aurora 50 1176

Vaughan 274 1193

Oakville 139 1487

Markham 212 1668

Richmond Hill 101 2046

Newmarket 38 2326

Brampton 266 2436

Mississauga 292 2640

Toronto 630 4587

high

high

high

high

high

high

high

high

high

high

high

high

GTA Avg 279 1117

Median 256 987

Socio Economic Indicators 28

Municipal Study 2018

Land Area and Density by Geographic Location (contrsquod)

4 Municipality

Land Area

(Sq Km)

2018

Population Density Per Sq Km

Density Ranking

5 Municipality

Land Area

(Sq Km)

2018

Population Density Per Sq Km

Density Ranking

low Greenstone 2767 2

low Timmins 2979 14

low Elliot Lake 715 15

low Greater Sudbury 3228 52

mid Espanola 83 61

mid Kenora 212 74

mid North Bay 319 165

mid Sault Ste Marie 223 339

mid Thunder Bay 328 341

Parry Sound 13 504 high

North Avg 1087 157

Median 324 67

6 Municipality

Density Ranking

Land Area (Sq Km)

2018

Population

Density Per Sq Km

low Gravenhurst 518 25

Bracebridge 628 27 low

low Huntsvil le 710 29

Tiny 337 37 low

low Springwater 536 38

Tay 139 76 mid

mid Innisfil 263 151

Penetanguishene 26 362 mid

mid Midland 35 500

Oril l ia 29 1143

Orangevil le 16 1951

Coll ingwood 34 705 high

high

Barrie 99 1508 high

high

SimcoeMuskDuff Avg 259 504

Median

GTA

SimcoeMuskDuff

Southwest

Eastern

NiagaraHamilton

North

139 151

Population Density Per Sq Km

0 200 400 600 800 1000 1200

low North Middlesex 598 11

low Grey Highlands 883 12

low Brockton 565 17

low Meaford 589 19

low Mapleton 535 21

low Kincardine 538 22

low Wellington North 526 24

low North Perth 493 28

low Minto 301 30

low Middlesex Centre 588 31

low Lambton Shores 331 33

low Puslinch 215 36

low Haldimand 1252 38

low Erin 298 41

low Norfolk 1608 42

low Chatham‐Kent 2458 43

low Wellesley 278 43

low Brant 843 46

low Guelph‐Eramosa 292 47

low Central Elgin 280 47

low North Dumfries 187 59

mid Centre Wellington 408 74

mid Strathroy‐Caradoc 271 80

mid Woolwich 326 82

mid Wilmot 264 83

mid Saugeen Shores 171 86

mid Sarnia 165 450

St Marys 12 628

Til lsonburg 22 750

Owen Sound 24 909

London 420 968

Ingersoll 13 1061

St Thomas 36 1148

Stratford 28 1165

Cambridge 113 1207

Brantford 72 1422

Windsor 146 1561

Guelph 87 1622

Waterloo 64 1747

Kitchener 137 1818

high

high

high

high

high

high

high

high

high

high

high

high

high

Southwest Avg 411 439

Median 286 53

Socio Economic Indicators 29

Municipal Study 2018

Labour Statistics

The labour force is defined as the number of people aged 15 and over who are employed and unemployed Labour force statistics are an important measure of the economyrsquos potential The larger the percentage of the population that enters the labour force the larger the potential output and standard of living Growth

in the labour force implies expansion potential The rate of employment of the communityrsquos citizens is a measure of and an influence on the communityrsquos ability to support its local business sector A decline in employment base or higher than average rates of unemployment can be a warning signal that overall economic activity may be declining Unemployment does not capture working age residents who are unemployed and are no longer actively seeking employment The employment rate provides a fuller picture of employment in the community

Socio Economic Indicators 30

Municipal Study 2018

Labour Statistics CMA

CMA

Employment Rate Sept

2018

Employment Change 2017 2018

Participation Rate

Participation Rate Change 2017 2018

Unemployment Rate Sept 2018

Unemployment Rate Change 2017 2018

Barrie

Brantford

Greater Sudbury

Guelph

Hamilton

Kingston

KitchenerCambridge Waterloo

London

Oshawa

Ottawa‐Gatineau

Peterborough

St Catharines‐Niagara

Thunder Bay

Toronto

Windsor

670

583

574

652

611

606

680

583

652

641

615

569

614

614

554

‐09

‐38

‐05

‐37

‐42

‐11

07

25

15

06

15

03

15

‐06

‐22

712

619

613

677

644

642

717

614

691

671

652

615

648

654

597

‐11

‐38

‐03

‐55

‐38

‐11

10

24

22

‐03

11

10

17

‐06

‐14

58

58

64

36

52

55

51

52

56

45

56

75

53

61

73

‐02

04

04

‐23

10

01

03

‐02

08

‐13

‐12

10

02

00

16

Ontario 609 ‐02 645 ‐03 57 00

Source Stats Canada

Socio Economic Indicators 31

Municipal Study 2018

32

Assessment Per Capita (Sorted by Unweighted Assessment)

Property assessment is the basis upon

which municipalities raise taxes A

strong assessment base is critical to a

municipalityrsquos ability to generate

revenues Assessment per capita

statistics have been compared to

provide an indication of the ldquorichnessrdquo of

the assessment base in each

municipality

Unweighted assessment provides the actual current value assessment of the

properties

Weighted assessment reflects the basis

upon which property taxes are levied

after applying the tax ratios to the

various property classes to the

unweighted assessment

Socio Economic Indicators

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Elliot Lake 49556 $ $ 55809 low low

Windsor 70740 $ $ 89181 low low

Espanola 74662 $ $ 95740 low low

Cornwall 77046 $ $ 101758 low low

St Thomas 79492 $ $ 94092 low low

Timmins 80049 $ $ 96701 low low

Welland 82100 $ $ 91809 low low

Sault Ste Marie 87701 $ $ 112497 low low

Owen Sound 90150 $ $ 109736 low low

Thunder Bay 92226 $ $ 114994 low low

Ingersoll 92868 $ $ 113347 low low

Bancroft 94650 $ $ 95422 low low

Port Colborne 96242 $ $ 107878 low low

Quinte West 96974 $ $ 106167 low low

Sarnia 97322 $ $ 112509 low low

Tillsonburg 98390 $ $ 116633 low low

Brockville 99130 $ $ 121702 low low

Belleville 99663 $ $ 126825 low mid

Brantford 102171 $ $ 122952 low low

St Catharines 103081 $ $ 119650 low low

Greater Sudbury 104015 $ $ 127985 low mid

North Bay 104307 $ $ 124452 low mid

Peterborough 104810 $ $ 118983 low low

London 105144 $ $ 120661 low low

Parry Sound 105525 $ $ 122599 low low

St Marys 105921 $ $ 120810 low low

Penetanguishene 108151 $ $ 111153 low low

Thorold 109101 $ $ 121396 low low

Midland 110881 $ $ 117659 low low

Kenora 111838 $ $ 132512 low mid

Fort Erie 111853 $ $ 119871 low low

Kitchener 116058 $ $ 136243 low mid

Minto 116637 $ $ 99007 low low

Oshawa 116675 $ $ 131036 low mid

Stratford 117383 $ $ 142680 low mid

Orillia 118401 $ $ 140299 low mid

Municipal Study 2018

Assessment Per Capita (Sorted by Unweighted Assessment) (contrsquod)

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Niagara Falls $ 119136 $ 145134 mid mid

Chatham‐Kent $ 119182 $ 95494 mid low

Strathroy‐Caradoc $ 120420 $ 112270 mid low

Cambridge $ 121506 $ 147676 mid mid

Hamilton $ 123694 $ 146819 mid mid

Tay $ 124259 $ 122533 mid low

Orangeville $ 127343 $ 136426 mid mid

Kingston $ 128262 $ 146747 mid mid

Barrie $ 129721 $ 139665 mid mid

Greenstone $ 130518 $ 127794 mid mid

West Lincoln $ 130985 $ 121413 mid low

Haldimand $ 131748 $ 125004 mid mid

Clarington $ 133155 $ 136930 mid mid

Guelph $ 139291 $ 165252 mid

Norfolk $ 139339 $ 123997 mid low

Brockton $ 139798 $ 106270 mid low

Brampton $ 140308 $ 149135 mid mid

Lincoln $ 141793 $ 142067 mid mid

Pelham $ 142156 $ 141412 mid mid

Grimsby $ 143810 $ 153059 mid mid

Wellington North $ 147042 $ 114949 mid low

Central Elgin $ 148557 $ 128634 mid mid

Whitby $ 150288 $ 161449 mid mid

Centre Wellington $ 152007 $ 144000 mid mid

Wainfleet $ 153135 $ 138714 mid mid

Georgina $ 154729 $ 153478 mid mid

Brock $ 155114 $ 137843 mid mid

North Stormont $ 157983 $ 105544 mid low

Wilmot $ 159381 $ 150091 mid mid

Meaford $ 161150 $ 146718 mid mid

Brant $ 161479 $ 154147 mid mid

Ottawa $ 164103 $ 194028 mid

Waterloo $ 164531 $ 194966 mid

Woolwich $ 165349 $ 166951 mid

Prince Edward County $ 165730 $ 157062 mid mid

high

high

high

high

Wellesley 167265 $ $ 136354 mid mid

Socio Economic Indicators 33

Municipal Study 2018

Assessment Per Capita (Sorted by Unweighted Assessment ) (contrsquod)

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Collingwood $ 170793 $ 177145

Pickering $ 175091 $ 187269

Springwater $ 177271 $ 165762

Saugeen Shores $ 177948 $ 174964

Innisfil $ 179107 $ 175252

Milton $ 183143 $ 197531

Huntsville $ 184033 $ 184555

Bracebridge $ 186068 $ 186348

North Perth $ 187449 $ 127259

North Dumfries $ 188250 $ 198361

Newmarket $ 190605 $ 197521

Halton Hills $ 191864 $ 202944

Mississauga $ 195204 $ 220161

Kincardine $ 196159 $ 175934

Guelph‐Eramosa $ 201118 $ 181487

Erin $ 202247 $ 186496

Middlesex Centre $ 205689 $ 155170

Burlington $ 207355 $ 234312

Grey Highlands $ 209673 $ 176167

Mapleton $ 213981 $ 135649

Whitchurch‐Stouffvill $ 220586 $ 220377

Toronto $ 222667 $ 320682

Caledon $ 236060 $ 235797

East Gwillimbury $ 240312 $ 235891

Markham $ 241816 $ 249067

Aurora $ 244870 $ 250861

Lambton Shores $ 245964 $ 216573

Niagara‐on‐the‐Lake $ 259936 $ 274476

Gravenhurst $ 261645 $ 262220

North Middlesex $ 263607 $ 135367

Richmond Hill $ 264402 $ 270035

Oakville $ 272192 $ 296552

Vaughan $ 272434 $ 286894

Puslinch $ 276942 $ 290895

Tiny $ 305257 $ 298534

King $ 310146 $ 297667

Average $ 154140 $ 156898 Median $ 141974 $ 139982

high high

high high

high high

high high

high high

high high

high high

high high

high mid

high high

high high

high high

high high

high high

high high

high high

high mid

high high

high high

high mid

high high

high high

high high

high high

high high

high high

high high

high high

high high

high mid

high high

high high

high high

high high

high high

high high

Socio Economic Indicators 34

Municipal Study 2018

Taxable Assessment Per Capita (Grouped by Location sorted by unweighted assessment)

Eastern Municipalities 3

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Cornwall 77046 $ $ 101758 low low

Bancroft 94650 $ $ 95422 low low

Quinte West 96974 $ $ 106167 low low

Brockville 99130 $ $ 121702 low low

Belleville 99663 $ $ 126825 low mid

Peterborough 104810 $ $ 118983 low low

Kingston 128262 $ $ 146747 mid mid

North Stormont 157983 $ $ 105544 mid low

Ottawa 164103 $ $ 194028 mid high

Prince Edward County 165730 $ $ 157062 mid mid

Eastern Avg 118835 $ $ 127424

Median 102236 $ $ 120342

NiagaraHamilton Municipalities

2

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Welland 82100 $ $ 91809 low low

Port Colborne 96242 $ $ 107878 low low

St Catharines 103081 $ $ 119650 low low

Thorold 109101 $ $ 121396 low low

Fort Erie 111853 $ $ 119871 low low

Niagara Falls 119136 $ $ 145134 mid mid

Hamilton 123694 $ $ 146819 mid mid

West Lincoln 130985 $ $ 121413 mid low

Lincoln 141793 $ $ 142067 mid mid

Pelham 142156 $ $ 141412 mid mid

Grimsby 143810 $ $ 153059 mid mid

Wainfleet 153135 $ $ 138714 mid mid

Niagara‐on‐the‐Lake 259936 $ $ 274476 high high

NiagaraHamilton Avg $ 132079 $ 140285

Median $ 123694 $ 138714

Socio Economic Indicators 35

Municipal Study 2018

Taxable Assessment Per Capita (contrsquod) (Grouped by Location sorted by unweighted assessment)

GTA Municipalities

1

Municipality

2018 Unweighted Assessment per Capita

2018 Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Oshawa $ 116675 $ 131036 low mid

Clarington $ 133155 $ 136930 mid mid

Brampton $ 140308 $ 149135 mid mid

Whitby $ 150288 $ 161449 mid mid

Georgina $ 154729 $ 153478 mid mid

Brock $ 155114 $ 137843 mid mid

Pickering $ 175091 $ 187269

Milton $ 183143 $ 197531

Newmarket $ 190605 $ 197521

Halton Hills $ 191864 $ 202944

Mississauga $ 195204 $ 220161

Burlington $ 207355 $ 234312

Whitchurch‐Stouffville $ 220586 $ 220377

Toronto $ 222667 $ 320682

Caledon $ 236060 $ 235797

East Gwillimbury $ 240312 $ 235891

Markham $ 241816 $ 249067

Aurora $ 244870 $ 250861

Richmond Hill $ 264402 $ 270035

Oakville $ 272192 $ 296552

Vaughan $ 272434 $ 286894

King $ 310146 $ 297667

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

GTA Avg $ 205410 $ 216974

Median $ 201279 $ 220269

Socio Economic Indicators 36

Municipal Study 2018

Taxable Assessment Per Capita (contrsquod) (Grouped by Location sorted by unweighted assessment)

Northern Municipalities 4

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Elliot Lake 49556 $ $ 55809 low low

Espanola 74662 $ $ 95740 low low

Timmins 80049 $ $ 96701 low low

Sault Ste Marie 87701 $ $ 112497 low low

Thunder Bay 92226 $ $ 114994 low low

Greater Sudbury 104015 $ $ 127985 low mid

North Bay 104307 $ $ 124452 low mid

Parry Sound 105525 $ $ 122599 low low

Kenora 111838 $ $ 132512 low mid

Greenstone 130518 $ $ 127794 mid mid

North Avg 94040 $ $ 111108

Median 98121 $ $ 118797

SimcoeMuskokaDufferin Municipalities

6

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Penetanguishene 108151 $ $ 111153 low low

Midland 110881 $ $ 117659 low low

Orillia 118401 $ $ 140299 low mid

Tay 124259 $ $ 122533 mid low

Orangeville 127343 $ $ 136426 mid mid

Barrie 129721 $ $ 139665 mid mid

Collingwood 170793 $ $ 177145 high high

Springwater 177271 $ $ 165762 high high

Innisfil 179107 $ $ 175252 high high

Huntsville 184033 $ $ 184555 high high

Bracebridge 186068 $ $ 186348 high high

Gravenhurst 261645 $ $ 262220 high high

Tiny 305257 $ $ 298534 high high

SimcoeMuskDuff Avg $ 167918 $ 170581

Median $ 170793 $ 165762

Socio Economic Indicators 37

Municipal Study 2018

Taxable Assessment Per Capita (contrsquod) (Grouped by Location sorted by unweighted assessment) Southwest Municipalities

5

Municipality

2018

Unweighted Assessment per Capita

2018 Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Windsor $ 70740 $ 89181 low low

St Thomas $ 79492 $ 94092 low low

Owen Sound $ 90150 $ 109736 low low

Ingersoll $ 92868 $ 113347 low low

Sarnia $ 97322 $ 112509 low low

Tillsonburg $ 98390 $ 116633 low low

Brantford $ 102171 $ 122952 low low

London $ 105144 $ 120661 low low

St Marys $ 105921 $ 120810 low low

Kitchener $ 116058 $ 136243 low mid

Minto $ 116637 $ 99007 low low

Stratford $ 117383 $ 142680 low mid

Chatham‐Kent $ 119182 $ 95494 mid low

Strathroy‐Caradoc $ 120420 $ 112270 mid low

Cambridge $ 121506 $ 147676 mid mid

Haldimand $ 131748 $ 125004 mid mid

Guelph $ 139291 $ 165252 mid

Norfolk $ 139339 $ 123997 mid low

Brockton $ 139798 $ 106270 mid low

Wellington North $ 147042 $ 114949 mid low

Central Elgin $ 148557 $ 128634 mid mid

Centre Wellington $ 152007 $ 144000 mid mid

Wilmot $ 159381 $ 150091 mid mid

Meaford $ 161150 $ 146718 mid mid

Brant $ 161479 $ 154147 mid mid

Waterloo $ 164531 $ 194966 mid

Woolwich $ 165349 $ 166951 mid

Wellesley $ 167265 $ 136354

high high

high mid

high high

high high

high high

high high

high mid

high high

high mid

high high

high mid

high high

mid mid

Saugeen Shores $ 177948 $ 174964

North Perth $ 187449 $ 127259

North Dumfries $ 188250 $ 198361

Kincardine $ 196159 $ 175934

Guelph‐Eramosa $ 201118 $ 181487

Erin $ 202247 $ 186496

Middlesex Centre $ 205689 $ 155170

Grey Highlands $ 209673 $ 176167

Mapleton $ 213981 $ 135649

Lambton Shores $ 245964 $ 216573

North Middlesex $ 263607 $ 135367

Puslinch $ 276942 $ 290895

high

high

high

Southwest Avg $ 152484 $ 143624

Median $ 147800 $ 135946

Socio Economic Indicators 38

‐ ‐

‐ ‐

Municipal Study 2018

Unweighted AssessmentmdashTrend

The tables on the next several pages reflect the change in unweighted assessment from 2013‐2018 The changes in assessment trends are related to new growth as well as changes in market value of existing properties The changes include the impact of reassessment as well as growth The table has been sorted

from low to high for the 2017‐2018 change in assessment

2013

2014

2014 2015

2015

2016

2016 2017

2017 2018

Ranking 2017 2018

Meaford 56 52 45 04 03 low

Owen Sound 33 25 20 ‐09 14 low

Brockvil le 47 36 62 ‐25 15 low

North Bay 61 49 51 ‐11 23 low

Elliot Lake NA 51 47 ‐10 23 low

St Marys NA NA 30 31 27 low

Windsor 14 12 14 29 27 low

Timmins 71 65 58 ‐10 29 low

Bracebridge 29 25 26 09 30 low

Peterborough 33 29 30 45 30 low

Brant 59 52 59 63 31 low

Gravenhurst 27 31 30 17 33 low

Bellevil le 33 39 29 15 36 low

Saugeen Shores 59 60 51 ‐03 36 low

Huntsville 22 28 24 14 37 low

Ottawa 78 65 72 58 38 low

Fort Erie 20 19 18 ‐02 38 low

Sarnia 21 20 23 25 38 low

London 37 46 35 47 40 low

Greater Sudbury 83 63 49 ‐10 41 low

Port Colborne 27 30 22 15 43 low

Parry Sound NA NA 27 ‐50 45 low

St Thomas 21 31 30 23 45 low

Sault Ste Marie 73 63 62 22 45 low

Prince Edward County 58 42 44 50 46 low

Quinte West 35 41 31 28 46 low

Stratford 58 40 38 33 47 low

Kingston 59 13 48 37 47 low

Greenstone 23 22 19 34 47 low

Ingersoll 09 54 32 23 48 low

Welland 28 30 19 34 49 low

Tillsonburg 36 33 26 15 50 low

Socio Economic Indicators 39

Municipal Study 2018

Unweighted AssessmentmdashTrend (contrsquod)

Socio Economic Indicators

2013 ‐

2014 2014 ‐

2015 2015 ‐

2016 2016 ‐

2017 2017 ‐

2018

Ranking 2017 ‐ 2018

Cambridge 41 38 37 43 51 mid

Kenora 67 65 61 38 51 mid

St Catharines 32 28 24 27 51 mid

Kitchener 55 61 53 53 53 mid

Central Elgin NA NA NA 36 54 mid

Collingwood NA 36 39 46 56 mid

Kincardine NA NA 54 20 56 mid

Cornwall 106 64 67 ‐14 57 mid

Strathroy‐Caradoc NA 45 42 62 57 mid

Orill ia 27 26 23 30 57 mid

Wilmot 56 53 52 49 58 mid

Erin NA NA 49 48 59 mid

Brock 37 41 37 49 59 mid

Thunder Bay 72 71 75 56 61 mid

Brantford NA NA NA NA 61 mid

Thorold 36 37 39 34 62 mid

Grey Highlands NA 69 64 37 63 mid

Orangevil le 43 41 43 46 64 mid

Lambton Shores 64 57 57 53 65 mid

Wainfleet 31 28 29 63 65 mid

Woolwich 48 53 42 64 65 mid

Pelham 34 33 40 43 65 mid

Centre Wellington NA NA 48 59 66 mid

North Dumfries 38 36 39 60 67 mid

Mississauga 57 55 51 66 67 mid

Barrie 30 33 28 75 67 mid

Guelph 43 64 38 86 67 mid

Chatham‐Kent NA NA 48 53 68 mid

Puslinch NA NA 43 20 71 mid

Guelph‐Eramosa NA NA 46 62 72 mid

Halton Hills 85 62 48 64 72 mid

Minto NA NA 46 75 73 mid

Hamilton 43 45 48 63 73 mid

Haldimand NA NA NA 51 73 mid

40

Municipal Study 2018

Unweighted AssessmentmdashTrend (contrsquod)

41Socio Economic Indicators

Lincoln 39 45 37 52 76

Middlesex Centre 73 74 66 66 78

Burlington 54 62 53 69 78

Waterloo 66 60 58 56 81

Caledon 74 71 63 73 84

Toronto 65 67 67 88 87

Grimsby 32 48 43 79 88

Brampton 77 74 73 84 88

Wellesley 65 58 50 87 89

Niagara‐on‐the‐Lake 58 97 64 74 90

Wellington North NA NA 55 93 91

Vaughan 77 75 63 90 91

Whitby 51 43 41 96 92

Clarington 73 47 44 86 93

Georgina 49 46 51 87 98

Milton 85 91 76 76 98

Oakville 68 77 69 75 100

Oshawa 38 32 38 106 102

West Lincoln 49 36 45 94 102

Newmarket 80 63 56 93 104

Whitchurch‐Stouffvil le 84 66 57 104 106

Markham 93 85 79 115 106

King 117 103 101 84 107

Mapleton NA NA 84 115 109

Niagara Falls 37 72 50 ‐09 112

Aurora 76 73 88 115 115

Richmond Hill 87 81 75 130 117

North Middlesex NA NA NA 126 118

Springwater 40 48 44 63 121

North Perth NA NA NA 126 122

Innisfil 49 47 61 80 125

Pickering 58 45 46 38 137

East Gwillimbury 88 55 46 134 159

Average 53 50 47 51 67

Median 51 48 46 52 64

2013 ‐

2014 2014 ‐

2015

2015 ‐2016

2016 ‐

2017

2017 ‐

2018

Ranking 2017 ‐ 2018

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐2018)

3

Eastern

Brockvil le 47 36 62 ‐25 15 low

Peterborough 33 29 30 45 30 low

Bellevil le 33 39 29 15 36 low

Ottawa 78 65 72 58 38 low

Prince Edward County 58 42 44 50 46 low

Quinte West 35 41 31 28 46 low

Kingston 59 13 48 37 47 low

Cornwall 106 64 67 ‐14 57 mid

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

Ranking 2017 ‐ 2018

Average 56 41 48 24 39

Median 53 40 46 33 42

2

NiagaraHamilton

Fort Erie 20 19 18 ‐02 38 low

Port Colborne 27 30 22 15 43 low

Welland 28 30 19 34 49 low

St Catharines 32 28 24 27 51 mid

Thorold 36 37 39 34 62 mid

Wainfleet 31 28 29 63 65 mid

Pelham 34 33 40 43 65 mid

Hamilton 43 45 48 63 73 mid

Lincoln 39 45 37 52 76 high

Grimsby 32 48 43 79 88 high

Niagara‐on‐the‐Lake 58 97 64 74 90 high

West Lincoln 49 36 45 94 102 high

Niagara Falls 37 72 50 ‐09 112 high

Ranking 2017 ‐ 2018

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

Average 36 42 37 44 70

Median 34 36 39 43 65

Socio Economic Indicators 42

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐2018) (contrsquod)

1

GTA

Brock

Mississauga

Halton Hills

Burlington

Caledon

Toronto

Brampton

Vaughan

Whitby

Clarington

Georgina

Milton

Oakville

Oshawa

Newmarket

Whitchurch‐Stouffvil le

Markham

King

Aurora

Richmond Hill

Pickering

East Gwill imbury

Average

Median

37

57

85

54

74

65

77

77

51

56

49

85

68

38

80

84

93

117

76

87

58

88

71

75

2013 ‐2014

41

55

62

62

71

67

74

75

43

47

46

91

77

32

63

66

85

103

73

81

45

55

64

65

2014 ‐2015

37

51

48

53

63

67

73

63

41

44

51

76

69

38

56

57

79

101

88

75

46

46

60

57

2015 ‐2016

49

66

64

69

73

88

84

90

96

86

87

76

75

106

93

104

115

84

115

130

38

134

87

86

2016 ‐2017

59 mid

67 mid

72 mid

78 high

84 high

87 high

88 high

91 high

92 high

93 high

98 high

98 high

100 high

102 high

104 high

106 high

106 high

107 high

115 high

117 high

137 high

159 high

98

98

2017 ‐2018

Ranking 2017 ‐ 2018

Socio Economic Indicators 43

‐ ‐ ‐ ‐ ‐

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐18) (contrsquod)

5

Southwest

2013

2014 2014 2015

2015

2016 2016

2017 2017

2018 Ranking 2017 2018

Meaford 56 52 45 04 03 low

Owen Sound 33 25 20 ‐09 14 low

St Marys NA NA 30 31 27 low

Windsor 14 12 14 29 27 low

Brant 59 52 59 63 31 low

Saugeen Shores 59 60 51 ‐03 36 low

Sarnia 21 20 23 25 38 low

London 37 46 35 47 40 low

St Thomas 21 31 30 23 45 low

Stratford 58 40 38 33 47 low

Ingersoll 09 54 32 23 48 low

Tillsonburg 36 33 26 15 50 low

Cambridge 41 38 37 43 51 mid

Kitchener 55 61 53 53 53 mid

Central Elgin NA NA NA 36 54 mid

Kincardine NA NA 54 20 56 mid

Strathroy‐Caradoc NA 45 42 62 57 mid

Wilmot 56 53 52 49 58 mid

Erin NA NA 49 48 59 mid

Brantford NA NA NA NA 61 mid

Grey Highlands NA 69 64 37 63 mid

Lambton Shores 64 57 57 53 65 mid

Woolwich 48 53 42 64 65 mid

Centre Wellington NA NA 48 59 66 mid

North Dumfries 38 36 39 60 67 mid

Guelph 43 64 38 86 67 mid

Chatham‐Kent NA NA 48 53 68 mid

Puslinch NA NA 43 20 71 mid

Guelph‐Eramosa NA NA 46 62 72 mid

Minto NA NA 46 75 73 mid

Haldimand NA NA NA 51 73 mid

Middlesex Centre 73 74 66 66 78

Waterloo 66 60 58 56 81

Wellesley 65 58 50 87 89

Wellington North NA NA 55 93 91

Mapleton NA NA 84 115 109

North Middlesex NA NA NA 126 118

North Perth NA NA NA 126 122

Average 45 48 45 51 60

Median 48 52 46 51 60

high

high

high

high

high

high

high

Socio Economic Indicators 44

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐18) (contrsquod)

4

North

North Bay 61 49 51 ‐11 23 low

Elliot Lake NA 51 47 ‐10 23 low

Timmins 71 65 58 ‐10 29 low

Greater Sudbury 83 63 49 ‐10 41 low

Parry Sound NA NA 27 ‐50 45 low

Sault Ste Marie 73 63 62 22 45 low

Greenstone 23 22 19 34 47 low

Kenora 67 65 61 38 51 mid

Thunder Bay 72 71 75 56 61 mid

Ranking 2017 ‐ 2018

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

6

SimcoeMuskDuff

Bracebridge 29 25 26 09 30 low

Gravenhurst 27 31 30 17 33 low

Huntsvil le 22 28 24 14 37 low

Collingwood NA 36 39 46 56 mid

Orill ia 27 26 23 30 57 mid

Orangevil le 43 41 43 46 64 mid

Barrie 30 33 28 75 67 mid

Springwater 40 48 44 63 121 high

Innisfi l 49 47 61 80 125 high

Ranking 2017 ‐ 2018

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

Average 64 56 50 07 41

Median 71 63 51 ‐10 45

Average 33 35 35 42 65

Median 29 33 30 46 57

Socio Economic Indicators 45

Municipal Study 2018

2018 Unweighted Assessment Composition (Sorted Alphabetically)

Municipality Residential Multi‐

Residential Commercial Industrial Pipelines Farmlands Forests

Aurora 876 09 95 18 01 01 00

Bancroft 746 46 181 07 00 05 15

Barrie 764 41 170 21 02 02 00

Belleville 708 55 192 27 04 14 00

Bracebridge 877 14 87 11 05 01 05

Brampton 809 19 135 33 02 02 00

Brant 702 04 49 40 04 200 01

Brantford 757 43 150 43 02 04 00

Brock 754 08 40 10 02 182 03

Brockton 571 19 57 07 02 341 02

Brockville 761 65 145 25 04 00 00

Burlington 789 37 140 27 02 04 00

Caledon 793 02 105 35 01 57 07

Cambridge 752 44 149 51 02 03 00

Central Elgin 732 01 36 05 03 220 01

Centre Wellington 774 10 51 16 02 145 02

Chatham‐Kent 508 14 70 15 08 384 00

Clarington 858 09 67 21 04 39 02

Collingwood 842 18 122 16 01 01 00

Cornwall 684 55 236 20 03 02 00

East Gwillimbury 867 03 68 12 02 46 02

Elliot Lake 805 76 105 06 08 00 00

Erin 804 02 32 12 01 144 06

Espanola 836 16 111 30 05 01 02

Fort Erie 885 11 72 13 04 15 00

Georgina 903 12 55 03 02 25 01

Gravenhurst 908 09 71 03 07 01 02

Greater Sudbury 801 40 130 23 03 01 00

Greenstone 264 06 159 11 559 00 00

Grey Highlands 703 03 23 22 01 235 14

Grimsby 884 07 78 11 02 18 00

Guelph 786 46 124 42 02 00 00

Guelph‐Eramosa 757 02 42 11 02 184 01

Haldimand 739 07 46 27 11 169 01

Halton Hills 834 09 94 30 01 30 01

Hamilton 820 41 100 16 04 19 00

Socio Economic Indicators 46

Municipal Study 2018

2018 Unweighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Municipality Residential Multi‐

Residential Commercial Industrial Pipelines Farmlands Forests

Huntsville 860 09 104 12 09 01 05

Ingersoll 810 19 101 66 03 01 00

Innisfil 871 02 64 08 04 51 01

Kenora 823 17 119 21 20 01 00

Kincardine 628 09 104 46 00 212 02

King 886 02 35 08 03 64 03

Kingston 764 80 138 11 03 04 00

Kitchener 794 67 124 14 00 01 00

Lambton Shores 715 07 55 07 02 213 00

Lincoln 775 06 61 28 05 124 00

London 815 37 124 12 02 09 00

Mapleton 415 01 18 19 05 540 03

Markham 848 10 123 16 01 02 00

Meaford 806 18 28 02 05 133 09

Middlesex Centre 594 03 28 03 31 340 01

Midland 758 40 168 29 02 02 00

Milton 819 07 115 35 05 18 02

Minto 608 05 66 23 02 295 01

Mississauga 727 37 198 37 01 00 00

Newmarket 840 15 122 21 01 00 00

Niagara Falls 695 27 256 11 04 07 00

Niagara‐on‐the‐Lake 747 03 147 09 03 89 00

Norfolk 700 07 57 12 06 215 04

North Bay 766 46 156 18 13 00 00

North Dumfries 702 02 87 54 42 111 01

North Middlesex 303 04 18 07 07 658 04

North Perth 441 06 57 19 02 475 00

North Stormont 494 04 26 05 02 468 02

Oakville 845 19 115 18 01 01 00

Orangeville 834 20 129 16 01 00 00

Orillia 755 55 171 16 02 00 00

Oshawa 792 58 125 19 02 04 00

Ottawa 756 54 170 10 02 08 00

Owen Sound 750 70 162 14 03 01 00

Parry Sound 727 37 222 11 02 01 00

Pelham 895 07 34 01 06 56 01

Socio Economic Indicators 47

Municipal Study 2018

2018 Unweighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Multi‐

Municipality Residential Residential Commercial Industrial Pipelines Farmlands Forests

Penetanguishene 895 22 59 20 03 01 01

Peterborough 783 73 129 13 02 01 00

Pickering 829 08 122 21 02 18 00

Port Colborne 829 21 73 43 05 28 00

Prince Edward County 847 14 46 06 01 84 02

Puslinch 791 01 78 48 03 73 06

Quinte West 767 26 146 16 08 37 01

Richmond Hill 892 12 83 12 01 01 00

Sarnia 774 39 125 32 07 23 00

Saugeen Shores 885 16 56 01 02 39 01

Sault Ste Marie 780 54 145 16 04 00 00

Springwater 842 02 36 09 06 99 05

St Catharines 789 51 136 14 02 08 00

St Marys 828 16 79 68 03 07 00

St Thomas 827 40 94 31 03 04 00

Stratford 792 46 123 32 02 04 00

Strathroy‐Caradoc 706 23 71 25 22 151 01

Tay 920 00 40 05 03 27 05

Thorold 803 47 82 33 11 23 00

Thunder Bay 791 40 153 13 03 00 00

Tillsonburg 824 33 100 35 03 06 00

Timmins 801 20 147 26 05 02 00

Tiny 945 02 12 01 03 31 05

Toronto 745 67 175 13 01 00 00

Vaughan 787 03 155 52 01 02 00

Wainfleet 813 00 20 04 05 156 01

Waterloo 746 94 137 20 01 00 00

Welland 854 37 85 15 04 04 00

Wellesley 595 01 24 44 02 332 02

Wellington North 524 11 54 23 02 384 02

West Lincoln 751 03 35 16 13 181 01

Whitby 860 21 97 16 02 04 00

Whitchurch‐Stouffville 888 06 65 17 01 22 02

Wilmot 786 08 40 11 03 150 01

Windsor 758 40 158 39 04 02 00

Woolwich 697 09 99 33 03 158 01

Average 766 23 99 20 09 80 01 Median 789 16 98 16 03 14 00 Min 264 00 12 01 00 00 00 Max 945 94 256 68 559 658 15

Socio Economic Indicators 48

Municipal Study 2018

Top 10 Municipalities With Highest Proportion of Unweighted Assessment Per Type of Assessment

Municipality Residential

Tiny 945

Tay 920

Gravenhurst 908

Georgina 903

Pelham 895

Penetanguishene 895

Richmond Hill 892

Whitchurch‐Stouffville 888

King 886

Saugeen Shores 885

Municipality Industrial

St Marys 68

Ingersoll 66

North Dumfries 54

Vaughan 52

Cambridge 51

Puslinch 48

Kincardine 46

Wellesley 44

Port Colborne 43

Brantford 43

Municipality Multi‐Residential

Waterloo 94

Kingston 80

Elliot Lake 76

Peterborough 73

Owen Sound 70

Toronto 67

Kitchener 67

Brockville 65

Oshawa 58

Orillia 55

Municipality Pipelines

Greenstone 559

North Dumfries 42

Middlesex Centre 31

Strathroy‐Caradoc 22

Kenora 20

West Lincoln 13

North Bay 13

Thorold 11

Haldimand 11

Huntsville 09

Municipality Commercial

Niagara Falls 256

Cornwall 236

Parry Sound 222

Mississauga 198

Belleville 192

Bancroft 181

Toronto 175

Orillia 171

Barrie 170

Ottawa 170

Municipality Farmlands

North Middlesex 658

Mapleton 540

North Perth 475

North Stormont 468

Chatham‐Kent 384

Wellington North 384

Brockton 341

Middlesex Centre 340

Wellesley 332

Minto 295

Socio Economic Indicators 49

Municipal Study 2018

2018 Weighted Assessment Composition (Sorted Alphabetically)

Municipality Residential Multi‐

Residential Commercial Industrial Pipelines Farmlands Forests

Aurora 855 09 112 23 01 00 00

Bancroft 740 52 195 08 00 01 04

Barrie 709 38 224 26 02 00 00

Belleville 556 102 286 49 04 03 00

Bracebridge 876 14 94 10 04 00 01

Brampton 761 30 163 44 02 00 00

Brant 735 07 96 103 07 50 00

Brantford 629 65 223 79 03 01 00

Brock 848 18 64 24 03 41 01

Brockton 751 25 92 16 02 112 01

Brockville 620 94 228 53 05 00 00

Burlington 698 65 179 55 02 01 00

Caledon 794 04 139 51 01 10 02

Cambridge 619 62 237 80 02 01 00

Central Elgin 846 03 69 14 05 64 00

Centre Wellington 817 20 79 40 04 38 00

Chatham‐Kent 633 36 172 40 12 106 00

Clarington 834 17 93 43 05 08 01

Collingwood 812 22 144 20 02 00 00

Cornwall 518 96 343 39 04 00 00

East Gwillimbury 883 03 83 17 01 12 01

Elliot Lake 715 135 138 07 05 00 00

Erin 872 04 51 30 02 39 02

Espanola 652 25 166 153 04 00 00

Fort Erie 826 20 113 31 06 04 00

Georgina 910 12 66 04 01 06 00

Gravenhurst 906 09 77 03 05 00 00

Greater Sudbury 651 61 207 75 05 00 00

Greenstone 270 12 227 28 463 00 00

Grey Highlands 836 05 35 49 01 70 04

Grimsby 831 12 124 26 03 04 00

Guelph 663 69 191 75 03 00 00

Guelph‐Eramosa 839 05 69 29 06 51 00

Haldimand 779 14 81 64 17 44 00

Halton Hills 789 17 128 59 01 06 00

Hamilton 691 86 165 48 07 03 00

Huntsville 858 09 112 13 06 00 01

Socio Economic Indicators 50

Municipal Study 2018

2018 Weighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Municipality Residential Multi

Residential Commercial Industrial Pipelines Farmlands Forests

Ingersoll 664 37 156 140 03 00 00

Innisfil 890 03 79 10 05 13 00

Kenora 695 22 214 44 25 00 00

Kincardine 700 10 142 89 00 59 00

King 923 02 44 11 03 17 01

Kingston 668 70 236 23 03 01 00

Kitchener 676 97 204 22 00 00 00

Lambton Shores 812 13 100 17 04 55 00

Lincoln 774 11 103 71 09 31 00

London 710 58 207 20 04 01 00

Mapleton 655 03 41 70 16 213 01

Markham 823 10 145 21 01 01 00

Meaford 885 28 39 04 05 36 03

Middlesex Centre 788 06 43 08 44 113 00

Midland 714 48 196 38 03 00 00

Milton 760 12 153 66 05 03 00

Minto 716 11 115 64 06 87 00

Mississauga 645 47 256 51 01 00 00

Newmarket 811 15 144 29 01 00 00

Niagara Falls 571 43 356 23 05 01 00

Niagara‐on‐the‐Lake 708 06 239 20 06 21 00

Norfolk 787 14 107 22 10 60 01

North Bay 642 80 244 21 12 00 00

North Dumfries 666 05 159 97 47 26 00

North Middlesex 590 12 39 22 15 321 02

North Perth 648 15 104 52 05 175 00

North Stormont 740 06 60 15 04 175 01

Oakville 776 35 151 36 01 00 00

Orangeville 779 45 146 30 01 00 00

Orillia 637 66 269 22 06 00 00

Oshawa 706 96 160 35 02 01 00

Ottawa 640 63 275 19 03 01 00

Owen Sound 616 104 248 24 07 00 00

Parry Sound 626 47 312 13 02 00 00

Pelham 900 14 59 03 11 14 00

Penetanguishene 871 27 71 27 04 00 00

Peterborough 690 116 173 19 02 00 00

Socio Economic Indicators 51

Municipal Study 2018

2018 Weighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Multi‐

Municipality Residential Residential Commercial Industrial Pipelines Farmlands Forests

Pickering 775 14 164 41 02 03 00

Port Colborne 739 37 112 96 08 06 00

Prince Edward County 893 21 53 09 01 22 00

Puslinch 753 02 111 110 06 17 01

Quinte West 700 48 202 34 07 08 00

Richmond Hill 873 12 99 15 01 00 00

Sarnia 669 67 186 66 08 04 00

Saugeen Shores 900 16 70 02 02 10 00

Sault Ste Marie 608 46 253 85 06 00 00

Springwater 901 02 47 13 09 26 01

St Catharines 680 83 202 30 03 02 00

St Marys 726 15 106 147 05 02 00

St Thomas 698 79 154 65 03 01 00

Stratford 651 74 200 70 03 01 00

Strathroy‐Caradoc 757 44 86 47 25 41 00

Tay 933 00 48 07 04 07 01

Thorold 722 58 126 71 17 05 00

Thunder Bay 634 75 258 25 07 00 00

Tillsonburg 695 65 159 76 03 01 00

Timmins 663 29 246 52 09 00 00

Tiny 966 03 16 02 04 08 01

Toronto 517 114 343 25 01 00 00

Vaughan 747 03 178 70 01 00 00

Wainfleet 898 01 37 11 10 43 00

Waterloo 630 112 223 32 01 00 00

Welland 764 64 129 35 07 01 00

Wellesley 729 03 58 105 03 102 00

Wellington North 671 27 103 70 07 123 01

West Lincoln 810 07 64 44 25 49 00

Whitby 801 36 130 30 02 01 00

Whitchurch‐Stouffville 889 06 76 22 01 05 00

Wilmot 835 16 82 23 04 40 00

Windsor 601 63 248 82 06 00 00

Woolwich 690 14 190 63 04 39 00

Average 741 35 146 42 10 25 00 Median 737 21 141 31 04 03 00 Min 270 00 16 02 00 00 00 Max 966 135 356 153 463 321 04

Socio Economic Indicators 52

Municipal Study 2018

2018 Shift In Tax BurdenmdashUnweighted to Weighted Residential Assessment

As shown in the table tax ratios typically shift the burden from residential to non‐residential properties

Approximately 64 of the municipalities surveyed have a decrease in tax burden on the Residential class as a result of tax ratios for non‐residential classes greater than 10 The implementation of tax ratios to the assessment base for municipalities with a larger proportion of farmland and managed forest results in an increase in the residential burden

Municipality

Residential Unweighted Assessment

Residential Weighted Assessment

Change Unweighted to Weighted Municipality

Residential Unweighted Assessment

Residential Weighted Assessment

Change Unweighted to Weighted

Toronto 745 517 ‐306 Oshawa 792 706 ‐110

Cornwall 684 518 ‐243 Port Colborne 829 739 ‐108

Sault Ste Marie 780 608 ‐220 Welland 854 764 ‐106

Espanola 836 652 ‐220 Thorold 803 722 ‐101

Belleville 708 556 ‐214 Quinte West 767 700 ‐87

Windsor 758 601 ‐207 Oakville 845 776 ‐82

Thunder Bay 791 634 ‐198 Milton 819 760 ‐73

Greater Sudbury 801 651 ‐187 Barrie 764 709 ‐71

Brockville 761 620 ‐185 Whitby 860 801 ‐69

Ingersoll 810 664 ‐181 Fort Erie 885 826 ‐67

Niagara Falls 695 571 ‐179 Orangeville 834 779 ‐67

Owen Sound 750 616 ‐178 Pickering 829 775 ‐65

Stratford 792 651 ‐177 Grimsby 884 831 ‐60

Cambridge 752 619 ‐177 Brampton 809 761 ‐59

Timmins 801 663 ‐172 Midland 758 714 ‐58

Brantford 757 629 ‐169 Halton Hills 834 789 ‐55

North Bay 766 642 ‐162 Niagara‐on‐the‐Lake 747 708 ‐53

Hamilton 820 691 ‐158 North Dumfries 702 666 ‐51

Guelph 786 663 ‐157 Vaughan 787 747 ‐50

Tillsonburg 824 695 ‐157 Puslinch 791 753 ‐48

St Thomas 827 698 ‐157 Collingwood 842 812 ‐36

Waterloo 746 630 ‐156 Newmarket 840 811 ‐35

Orillia 755 637 ‐156 Markham 848 823 ‐29

Kenora 823 695 ‐156 Clarington 858 834 ‐28

Ottawa 756 640 ‐154 Penetanguishene 895 871 ‐27

Kitchener 794 676 ‐148 Aurora 876 855 ‐24

Parry Sound 727 626 ‐139 Richmond Hill 892 873 ‐21

St Catharines 789 680 ‐138 Woolwich 697 690 ‐10

Sarnia 774 669 ‐135 Bancroft 746 740 ‐08

London 815 710 ‐129 Huntsville 860 858 ‐03

Kingston 764 668 ‐126 Gravenhurst 908 906 ‐02

St Marys 828 726 ‐123 Lincoln 775 774 ‐02

Peterborough 783 690 ‐119 Bracebridge 877 876 ‐02

Burlington 789 698 ‐115 Whitchurch‐Stouffville 888 889 01

Mississauga 727 645 ‐113

Elliot Lake 805 715 ‐112

Caledon 793 794 01

Pelham 895 900 05

Socio Economic Indicators 53

Municipal Study 2018

2018 Shift In Tax BurdenmdashUnweighted to Weighted Residential Assessment (contrsquod)

Municipality

Residential

Unweighted Assessment

Residential Weighted Assessment

Change Unweighted to Weighted

Georgina 903 910 08

Tay 920 933 14

Saugeen Shores 885 900 17

East Gwillimbury 867 883 19

Greenstone 264 270 21

Innisfil 871 890 22

Tiny 945 966 23

King 886 923 42

Brant 702 735 47

Haldimand 739 779 54

Prince Edward County 847 893 55

Centre Wellington 774 817 56

Wilmot 786 835 62

Springwater 842 901 69

Strathroy‐Caradoc 706 757 73

West Lincoln 751 810 79

Erin 804 872 84

Meaford 806 885 98

Wainfleet 813 898 104

Guelph‐Eramosa 757 839 108

Kincardine 628 700 115

Norfolk 700 787 124

Brock 754 848 125

Lambton Shores 715 812 136

Central Elgin 732 846 155

Minto 608 716 178

Grey Highlands 703 836 190

Wellesley 595 729 226

Chatham‐Kent 508 633 248

Wellington North 524 671 279

Brockton 571 751 315

Middlesex Centre 594 788 326

North Perth 441 648 471

North Stormont 494 740 497

Mapleton 415 655 577

North Middlesex 303 590 947

Average 766 741 ‐16 Median 789 737 ‐51 Min 264 270 ‐306 Max 945 966 947

Socio Economic Indicators 54

Municipal Study 2018

Residential Property Types Summary

Residential properties were broken down by the main property types to provide an indication of the housing mix and the median assessment values in each of the area

(000rsquos)

Area Single Family Detached

Home Link

Freehold Town

Semi Detached

Single on Water

Condo Seasonal

Weighted Median Assessed

Values

Total Average 357$ 300 $ 285 $ 253 $ 673 $ 228 $ 405 $ 342 $

Total Median 281$ 256 $ 264 $ 208 $ 550 $ 216 $ 362 $ 306 $

GTA Average 636 $ 452 $ 424 $ 422 $ $ 1181 322 $ 506 $ 556 $

GTA Median 600 $ 450 $ 410 $ 426 $ 718 $ 321 $ 486 $ 538 $

NiagaraHamilton Average 305 $ 270 $ 280 $ 214 $ 598 $ 208 $ 449 $ 299 $

NiagaraHamilton Median 279 $ 278 $ 277 $ 202 $ 538 $ 204 $ 510 $ 309 $

Eastern Average 252 $ 236 $ 234 $ 189 $ 449 $ 202 $ 264 $ 248 $

Eastern Median 224 $ 238 $ 227 $ 169 $ 343 $ 203 $ 242 $ 220 $

North Average 180$ 184 $ 163 $ 134 $ 330 $ 184 $ 233 $ 185 $

North Median 197 $ 192 $ 168 $ 130 $ 303 $ 196 $ 200 $ 203 $

Southwest Average 308 $ 240 $ 231 $ 227 $ 627 $ 190 $ 401 $ 301 $

Southwest Median 264 $ 221 $ 231 $ 198 $ 551 $ 184 $ 362 $ 272 $

SimcoeMuskDuff Average 293 $ 238 $ 271 $ 214 $ 661 $ 244 $ 581 $ 330 $

SimcoeMuskDuff Median 272 $ 230 $ 266 $ 200 $ 655 $ 244 $ 528 $ 326 $

The weighted median assessed value for residential properties range from an average of $185000 in northern municipalities to $556000 in the GTA

Socio Economic Indicators 55

Municipal Study 2018

Building Construction Activity (sorted from lowest to highest 2017 activity per capita)

The table summarizes the 2017 residential and non‐residential building permit values in each area

municipality To put these values into context the building permit value per capita is also summarized to get an appreciation of the relative building activity in each municipality The chart is sorted from lowest to highest based on building permit value per capita for 2017

Non Res 2017 per Municipality Res 2017 2017 Capita

East Gwillimbury 98 2 223 $

Chatham‐Kent 94 6 374 $

Greenstone 76 24 482 $

Elliot Lake 78 22 486 $

Cornwall 52 48 621 $

Espanola 68 32 814 $

Georgina 87 13 1174 $

Haldimand 0 100 1175 $

Thunder Bay 32 68 1280 $

Bancroft 57 43 1285 $

Timmins 22 78 1287 $

Sault Ste Marie 37 63 1365 $

St Catharines NA NA 1411 $

Port Colborne 82 18 1447 $

Grimsby 82 18 1451 $

Sarnia 40 60 1454 $

Whitby 52 48 1459 $

Tillsonburg 84 16 1476 $

Parry Sound 73 27 1506 $

Windsor 39 61 1549 $

Hamilton 64 36 1550 $

North Bay 36 64 1603 $

Kenora 58 42 1625 $

Mississauga 41 59 1636 $

Markham 41 59 1644 $

Richmond Hill 0 0 1756 $

Peterborough 53 47 1758 $

Brockton 0 100 1776 $

Mapleton 57 43 1857 $

Owen Sound 33 67 1966 $

Brantford 53 47 1968 $

Kitchener 66 34 2004 $

Norfolk 65 35 2087 $

Brant 53 47 2133 $

Ingersoll 91 9 2144 $

Brampton 88 12 2231 $

Non Res 2017 per Municipality Res 2017 2017 Capita

Greater Sudbury 25 75 2279 $

Belleville 0 100 2290 $

Caledon 75 25 2298 $

Lincoln 61 39 2309 $

St Marys NA NA 2366 $

North Stormont 71 29 2392 $

Guelph‐Eramosa 78 22 2444 $

St Thomas 80 20 2550 $

Orillia 77 23 2560 $

Penetanguishene 98 2 2601 $

Stratford 50 50 2646 $

Quinte West 76 24 2684 $

Whitchurch‐Stouffville 78 22 2695 $

Ottawa 66 34 2723 $

Wainfleet 80 20 2724 $

Fort Erie 70 30 2731 $

London 74 26 2763 $

North Middlesex 23 77 2790 $

Barrie 68 32 2826 $

Wellesley 37 63 2834 $

Cambridge 44 56 2838 $

Waterloo 69 31 2860 $

Bracebridge 43 57 2879 $

Welland 39 61 2942 $

Newmarket 70 30 2943 $

Wellington North 29 71 3001 $

Wilmot 60 40 3030 $

Burlington 60 40 3031 $

Tay 95 5 3043 $

Guelph 57 43 3066 $

Strathroy‐Caradoc 100 0 3072 $

Pickering NA NA 3085 $

Kingston 31 69 3105 $

Woolwich 52 48 3109 $

Minto 59 41 3140 $

Orangeville 40 60 3232 $

Socio Economic Indicators 56

Municipal Study 2018

Building Construction Activity (sorted from lowest to highest 2017 activity per capita) (contrsquod)

Municipality Res 2017 Non Res 2017

2017 per Capita

Erin

Tiny

Oshawa

Meaford

Huntsville

Clarington

Lambton Shores

Middlesex Centre

Grey Highlands

Brockville

Thorold

Collingwood

North Dumfries

Centre Wellington

Toronto

Kincardine

Saugeen Shores

Brock

Gravenhurst

West Lincoln

Halton Hills

Vaughan

Pelham

North Perth

Oakville

Puslinch

Niagara‐on‐the‐Lake

Innisfil

Springwater

King

Milton

78

100

NA

66

85

87

66

72

54

6

96

94

51

78

45

39

93

92

92

36

46

48

87

53

74

95

50

89

90

18

78

22

0

NA

34

15

13

34

28

46

94

4

6

49

22

55

61

7

8

8

64

54

52

13

47

26

5

50

11

10

82

22

3233 $

3570 $

3612 $

3822 $

3833 $

3835 $

4197 $

4246 $

4431 $

4443 $

4554 $

4567 $

4573 $

4646 $

4957 $

5155 $

5209 $

5278 $

5279 $

5544 $

5633 $

5705 $

5788 $

5842 $

5984 $

6175 $

6989 $

6997 $

7164 $

7317 $

7857 $

Average

Median

58

60

36

34

3033 $

2731 $

Socio Economic Indicators 57

Municipal Study 2018

Building Construction Activity Trend (Grouped by Location) Eastern

Municipality 2015 2016 2017

Cornwall 37426 $ 16405 $ 30149 $ 585 $

Bancroft 4537 $ 5644 $ 5186 $ 1269 $

Peterborough 108954 $ 108954 $ 149806 $ 1470 $

Brockville 13202 $ 17010 $ 97688 $ 1943 $

Belleville 63472 $ 121538 $ 122013 $ 1975 $

Kingston 160298 $ 218600 $ 400313 $ 2030 $

North Stormont 12129 $ 18723 $ 17196 $ 2228 $

Ottawa 2138273 $ 2646159 $ 2705350 $ 2590 $

Quinte West 113611 $ 141395 $ 122200 $ 2827 $

Prince Edward County 77834 $ 83204 $ NA 3194 $

Eastern Average 294656 $ 366048 $ 405545 $ 1880 $

Eastern Median 63472 $ 108954 $ 122013 $ 1975 $

Building Construction Value (000s)

3 Year Per Capita Avg

GTA Municipality 2015 2016 2017

East Gwillimbury 71000 $ NA 5706 $ 1578 $

Whitby 173069 $ 280107 $ 198721 $ 1643 $

Mississauga 1285935 $ 1455510 $ 1262657 $ 1775 $

Richmond Hill 284097 $ 613200 $ 363325 $ 2084 $

Markham 818093 $ 883308 $ 582098 $ 2234 $

Georgina 150765 $ 104777 $ 56405 $ 2263 $

Pickering 141842 $ 210728 $ 298448 $ 2290 $

Whitchurch‐Stouffville 80000 $ 140000 $ 139000 $ 2440 $

Brock 15712 $ 16485 $ 64569 $ 2700 $

Burlington 525815 $ 431921 $ 587588 $ 2720 $

Newmarket 275695 $ 262628 $ 263195 $ 3080 $

Brampton 2731791 $ 1961496 $ 1447772 $ 3314 $

Oshawa 558703 $ 454975 $ 614344 $ 3319 $

Toronto 7134639 $ 10297233 $ 14329509 $ 3766 $

Clarington 361916 $ 340630 $ 379537 $ 3818 $

Halton Hills 147541 $ 248173 $ 363426 $ 4003 $

Caledon 421729 $ 262630 $ 166235 $ 4315 $

Vaughan 1405075 $ 1148939 $ 1908214 $ 4526 $

Aurora 276058 $ 278362 $ NA 4836 $

Oakville 825811 $ 913947 $ 1235513 $ 4932 $

Milton 334740 $ 596372 $ 938908 $ 5494 $

King 254374 $ 334595 $ 202693 $ 11076 $

GTA Average 830655 $ 1011239 $ 1209898 $ 3555 $

GTA Median 309418 $ 340630 $ 363426 $ 3197 $

Building Construction Value (000s) 3 Year Per Capita Avg

Socio Economic Indicators 58

Municipal Study 2018

Building Construction Activity Trend (contrsquod) (Grouped by Location) NiagaraHamilton Municipality 2015 2016 2017

Building Construction Value (000 s) 3 Year Per Capita Avg

St Catharines

Hamilton

Port Colborne

Lincoln

Welland

Grimsby

Wainfleet

Fort Erie

Niagara Falls

Thorold

West Lincoln

Pelham

Niagara‐on‐the‐Lake

$

$

$

$

$

$

$

$

$

$

$

$

$

114141 149549 $ 196370 $

722412 613665 $ 876475 $

18130 32494 $ 27480 $

31382 40333 $ 58422 $

70323 81772 $ 162077 $

38517 120100 $ 42479 $

15495 15687 $ 18069 $

74083 94804 $ 88075 $

215200 279671 $ NA

40898 55860 $ 90748 $

83334 50382 $ 85170 $

33367 126873 $ 104245 $

126932 NA 133956 $

1128 $

1339 $

1396 $

1777 $

1951 $

2423 $

2543 $

2742 $

2842 $

3259 $

4890 $

5041 $

7350 $

NiagaraHamilton Avg

NiagaraHamilton Med

$

$

121863 138433 $ 156964 $

70323 88288 $ 89412 $

2975 $

2543 $

North Municipality 2015 2016 2017

Building Construction Value (000 s) 3 Year Per Capita Avg

Elliot Lake

Greenstone

Timmins

Espanola

Thunder Bay

Sault Ste Marie

North Bay

Parry Sound

Kenora

Greater Sudbury

$

$

$

$

$

$

$

$

$

$

10010 5976 $ 5313 $

3716 4058 $ 2306 $

45103 32653 $ 55231 $

6226 6860 $ 4112 $

157549 93789 $ 143390 $

125556 75822 $ 103149 $

66006 76258 $ 84620 $

8045 12431 $ 10173 $

20236 32201 $ 25352 $

237362 254506 $ 384024 $

638 $

715 $

1028 $

1098 $

1191 $

1341 $

1429 $

1551 $

1677 $

1760 $

North Average

North Median

SimcoeMuskDuff Municipality

$

$

67981 59456 $ 81767 $

32670 32427 $ 40292 $

2015 2016 2017 Building Construction Value (000 s)

1243 $

1266 $

3 Year Per Capita Avg

Barrie

Midland

Penetanguishene

Bracebridge

Tay

Orangeville

Tiny

Orillia

Huntsville

Collingwood

Gravenhurst

Innisfil

Springwater

$

$

$

$

$

$

$

$

$

$

$

$

198452 151050 $ 422093 $

15435 48610 $ NA

8779 21372 $ 24087 $

24677 31752 $ 48659 $

8114 31324 $ 32139 $

NA 66469 $ 98403 $

24944 36816 $ 44613 $

47585 167310 $ 83595 $

64944 80513 $ 80226 $

36760 106381 $ 108753 $

36867 40225 $ 69127 $

123878 158593 $ 278101 $

106828 133712 $ 144558 $

1754 $

1813 $

1952 $

2147 $

2259 $

2766 $

2838 $

3144 $

3705 $

3722 $

3838 $

4941 $

6570 $

SimcoeMuskDuff Av

SimcoeMuskDuff M

$

$

58105 82625 $ 119529 $

36814 66469 $ 81910 $

3188 $

2838 $

Socio Economic Indicators 59

Municipal Study 2018

Building Construction Activity Trend (contrsquod) (Grouped by Location) Southwest Municipality

Chatham‐Kent

Owen Sound

Sarnia

Windsor

Brantford

Tillsonburg

Haldimand

Norfolk

Central Elgin

Ingersoll

Brockton

St Marys

Brant

Meaford

Wilmot

Strathroy‐Caradoc

Cambridge

Wellington North

St Thomas

Kitchener

North Middlesex

Stratford

Woolwich

Erin

London

Minto

Guelph‐Eramosa

Middlesex Centre

Wellesley

Guelph

Mapleton

Lambton Shores

Saugeen Shores

Grey Highlands

Waterloo

North Dumfries

Centre Wellington

North Perth

Kincardine

Puslinch

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

2015 2016 2017

85229 26626 $ 39186 $

24945 15350 $ 43365 $

73574 103399 $ 107784 $

294220 317281 $ 354014 $

103685 184084 $ 202748 $

19570 35819 $ 24726 $

90517 91619 $ 56097 $

94216 109958 $ 139762 $

15447 28752 $ NA

15784 25444 $ 29010 $

17861 18023 $ 17500 $

12395 14205 $ 18506 $

85858 72248 $ 82372 $

12270 18152 $ 43521 $

35146 39777 $ 66481 $

37498 38239 $ 66530 $

169299 356417 $ 387236 $

18509 30497 $ 37736 $

125821 60878 $ 104249 $

565081 739739 $ 498219 $

11844 20377 $ 18089 $

80627 85170 $ 87198 $

56640 70121 $ 83376 $

27464 30580 $ 39400 $

708800 1410120 $ 1123805 $

23854 21292 $ 28762 $

39893 40780 $ 33167 $

48749 46806 $ 77635 $

48246 34777 $ 33855 $

500014 463247 $ 433798 $

57602 34254 $ 20755 $

30581 38932 $ 46370 $

36987 43620 $ 76696 $

40402 25731 $ 45711 $

340127 529025 $ 319979 $

24265 49783 $ 50355 $

96634 151126 $ 139196 $

43089 61682 $ 81008 $

77331 26981 $ 61522 $

31828 44020 $ 47920 $

Building Construction Value (000s)

488 $

1270 $

1293 $

1466 $

1587 $

1650 $

1721 $

1723 $

1730 $

1792 $

1806 $

2043 $

2129 $

2180 $

2199 $

2234 $

2278 $

2367 $

2411 $

2521 $

2584 $

2624 $

2674 $

2718 $

2756 $

2809 $

2899 $

3240 $

3341 $

3472 $

3557 $

3584 $

3692 $

3726 $

3740 $

3975 $

4490 $

4591 $

4756 $

5475 $

3 Year Per Capita Avg

Southwest Average

Southwest Median

$

$

107438 141305 $ 134729 $

48246 40780 $ 64002 $

2618 $

2521 $

Socio Economic Indicators 60

Municipal Study 2018

Summarymdash3 Year Average Building Construction Activity Per Capita (2015 2016 2017) mdash Total Survey by Location

GTA

SimcoeMuskDuff

NiagaraHamilton

Southwest

Eastern

North

Socio Economic Indicators 61

Municipal Study 2018

Financial Indicators

Municipal Financial Indicators 62

Municipal Study 2018

Financial Sustainability Indicators

As described by the Canadian Institute of Chartered Accountants (CICA) the intent of providing an evaluation of a municipalityrsquos financial condition is to evaluate a municipalityrsquos financial outlook and performance This will help form the foundation for the establishment of a long range financial plan

KeyKey fifinancinanciaall andand socisocioo‐‐ececonomiconomic iindicatorsndicators have been included to help evaluate each municipalityrsquos existing financial condition and to identify future challenges and opportunities Industry recognized indicators that are used by credit rating agencies andor recommended by Government Finance Officersrsquo

Association (GFOA) and the Ministry of Municipal Affairs and Housing have been included A number of indicators have been included

Sustainability

The ability to provide and maintain service and infrastructure levels without resorting to unplanned increases in rates or cuts to

services

Vulnerability

Addresses a municipalityrsquos

vulnerability to external sources of funding that it cannot control and its exposure to risks

Flexibility

The ability to issue debt responsibly without

impacting the credit rating Also the ability to generate required revenues

ldquoThe usefulness of indicators is not in the numbers themselves but the analysis of what is driving the indicator It may therefore be more useful to consider the combined results of several broad indicators in assessing performance rather than any one indicator on its ownrdquo

Source Local Government Financial Sustainability Nationally Consistent Frameworks published by

Local Government and Planning Ministersrsquo Council (Australia) May 2007

Municipal Financial Indicators 63

Municipal Study 2018

Net Financial Position Indicators

Financial position is a key indicator of a municipalityrsquos financial health Two key financial position indicators have been included to illustrate a municipalityrsquos financial position The net financial position is a broader measure of a municipalityrsquos indebtedness than debenture debt as it includes all of a municipalityrsquos financial assets and liabilities Net Financial Liabilities Ratio is total liabilities minus assets as a percentage of own source revenues This ratio indicates the extent to which financial liabilities could be met by its operating revenue A ratio greater than zero indicates that total liabilities exceed the total assets

Formula

Schedule 70 in the Financial Information Return is used in these calculations of Financial Position as well

as Own Source Revenues which is taken from Schedule 81

Net Financial Position per Capita = Net Financial Position

Population

Net Financial Liabilities Ratio = Net Financial Position

Own Source Revenues

Target

There is no optimal number or range for these indicators it varies according to a municipalityrsquos financial position

Interpretation

It is important that a municipality understands what is driving these indicators and monitors their

trends The financial position provides an indication of the

affordability of future municipal spending

Municipal Financial Indicators 64

Municipal Study 2018

Financial Indicators

The Financial Indicators section of the report includes a number of indicators to assist municipalities in evaluating financial condition Indicators related to Sustainability Vulnerability and Flexibility have been included It should be noted that Water and Wastewater indicators have also been included in the WaterWastewater section of the report

When the information is plotted over time these trends can be used to monitor changes in financial condition and alert the municipality to future problems We are committed to refining and developing

additional data to have more efficient and effective benchmarking tools for municipalities

Sustainability

Financial Position Per Capita

Net Financial Liabilities Ratio

Asset Consumption Ratio

Flexibility

Reserves

Tax Discretionary Reserves as a of Taxation

Discretionary Reserves as a of Own Source

Revenues

Reserves per Capita

Debt

Tax Debt Interest as a of Own Source Revenues

Debt Charges as a of Own Source Revenues

Total Debt Outstanding Per Capita

Debt Outstanding Per Own Source Revenues

Debt to Reserve Ratio

Tax Debt Outstanding per $100000 of Unweighted Assessment

Vulnerability

Taxes Receivable as a of Tax Levied

Rates Coverage Ratio

Municipal Financial Indicators 65

Municipal Study 2018

Financial Position Per CapitamdashTrend

A comparison was made of each municipalityrsquos overall financial position (financial assets less liabilities) over time on a per capita basis

Municipality 2013 2014 2015 2016 2017

Toronto $ (1668) $ (1962) $ (2192) $ (2379) $ (2460)

Ottawa $ (1448) $ (1634) $ (1736) $ (1998) $ (2299)

Greenstone $ (3734) $ (3669) $ (3082) $ (2610) $ (2117)

Bancroft $ (2053)

Pelham $ (133) $ (432) $ (531) $ (803) $ (1764)

Quinte West $ (383) $ (583) $ (1170) $ (1657) $ (1575)

Kingston $ (1060) $ (1341) $ (1283) $ (1365) $ (1434)

Port Colborne $ (498) $ (343) $ (741) $ (1404)

Owen Sound $ (774) $ (700) $ (1099) $ (1288) $ (1379)

Prince Edward County $ (1184) $ (1239) $ (1209) $ (1446) $ (1366)

Brockville $ (1238) $ (1234) $ (1201) $ (1271) $ (1334)

Thunder Bay $ (954) $ (1349) $ (1447) $ (1572) $ (1301)

Timmins $ (482) $ (677) $ (923) $ (990) $ (961)

North Perth $ (1171) $ (856) $ (899) $ (959)

Barrie $ (1538) $ (1396) $ (1492) $ (1329) $ (938)

Stratford $ (1621) $ (1581) $ (1267) $ (1002) $ (773)

Belleville $ 386 $ 179 $ (308) $ (456) $ (639)

Gravenhurst $ (1197) $ (1134) $ (1066) $ (829) $ (520)

Penetanguishene $ (399)

St Thomas $ 814 $ 653 $ 434 $ 128 $ (275)

Norfolk $ (132) $ (267)

Whitchurch ‐ Stouffville $ (329) $ (150) $ (63) $ (166) $ (212)

Middlesex Centre $ (847) $ (766) $ (633) $ (408) $ (152)

Guelph‐Eramosa $ (50) $ (53) $ (205) $ (74)

Oshawa $ (393) $ (340) $ (272) $ (170) $ (23)

Orangeville $ (363) $ (202) $ (60) $ (198) $ (21)

North Stormont $ 223 $ (91) $ (119) $ (62) $ 11

Meaford $ (521) $ (372) $ (304) $ (95) $ 73

St Catharines $ 178 $ (35) $ (87) $ (19) $ 88

Minto $ 196 $ 113 $ (11) $ 98

King $ (766) $ (718) $ (364) $ (201) $ 100

Cornwall $ 292 $ 154 $ 175 $ 36 $ 126

Brant County $ (485) $ (309) $ (187) $ (373) $ 142

Erin $ 79 $ 174 $ 172 $ 146

Mapleton $ 383 $ 384 $ 178

St Marys (91) $ 247 $ 269 $ 183 $

Municipal Financial Indicators 66

Municipal Study 2018

Financial Position Per CapitamdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Tillsonburg $ (21) $ 10 $ 60 $ 52 $ 230

Georgina $ 132 $ 192 $ 205 $ 246 $ 243

Brockton $ 277

Wainfleet $ 319 $ 512 $ 539 $ 424 $ 347

Welland $ 28 $ 25 $ 68 $ 220 $ 365

Tay $ 379

Grey Highlands $ 275 $ 401 $ 320 $ 398 $ 384

Huntsville $ (6) $ 133 $ 206 $ 282 $ 425

Hamilton $ 315 $ 259 $ 154 $ 263 $ 435

Collingwood $ (369) $ (146) $ (244) $ 241 $ 448

Caledon $ 517 $ 359 $ 355 $ 460 $ 462

North Bay $ 39 $ 176 $ 122 $ 323 $ 464

Puslinch $ 395 $ 448 $ 492 $ 528

Saugeen Shores $ 358 $ 360 $ 358 $ 518 $ 590

Springwater $ 434 $ 458 $ 498 $ 581 $ 649

Cambridge $ 707 $ 717 $ 722 $ 726 $ 650

Sarnia $ 152 $ 94 $ 213 $ 376 $ 652

Lambton Shores $ (889) $ (606) $ (262) $ 222 $ 655

Tiny $ 656

Brampton $ 866 $ 672 $ 731 $ 688 $ 661

London $ 294 $ 334 $ 508 $ 613 $ 670

Clarington $ 648 $ 600 $ 596 $ 655 $ 677

Windsor $ 510 $ 618 $ 653 $ 731 $ 715

Milton $ 774 $ 774 $ 856 $ 970 $ 717

Guelph $ 247 $ 405 $ 572 $ 658 $ 719

Peterborough $ 1235 $ 1157 $ 981 $ 915 $ 758

Centre Wellington $ 580 $ 571 $ 836 $ 817

Strathroy‐Caradoc $ (130) $ 28 $ 248 $ 638 $ 832

Ingersoll $ 43 $ 242 $ 431 $ 640 $ 856

North Middlesex $ 383 $ 685 $ 887

Kitchener $ 764 $ 802 $ 872 $ 918 $ 888

Wellesley $ 915 $ 854 $ 861 $ 904 $ 890

Fort Erie $ 530 $ 654 $ 759 $ 829 $ 890

Elliot Lake $ 228 $ 335 $ 510 $ 748 $ 892

East Gwillimbury $ 333 $ 421 $ 459 $ 522 $ 894

Burlington 889 $ 880 $ 920 $ 905 $ 927 $

Municipal Financial Indicators 67

Municipal Study 2018

Financial Position Per CapitamdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Newmarket 719 $ 716 $ 708 $ 881 $ 927 $

Espanola 444 $ 934 $

Mississauga 604 $ 495 $ 640 $ 691 $ 948 $

Chatham‐Kent 241 $ 440 $ 704 $ 948 $

Sault Ste Marie 675 $ 693 $ 772 $ 727 $ 983 $

Parry Sound 1347 $ 1245 $ 1228 $ 995 $

Brock 601 $ 766 $ 868 $ 953 $ 1039 $

Whitby 994 $ 994 $ 999 $ 1097 $ 1051 $

Woolwich 912 $ 915 $ 1000 $ 1169 $ 1100 $

Halton Hills 682 $ 771 $ 737 $ 992 $ 1117 $

Brantford 1132 $ 1132 $

Greater Sudbury 1126 $ 906 $ 1042 $ 1226 $ 1162 $

Grimsby 1314 $ 1276 $ 1444 $ 1174 $

Lincoln 1212 $ 1154 $ 1279 $ 1313 $ 1197 $

Thorold 832 $ 961 $ 1052 $ 1196 $ 1213 $

Markham 1327 $ 1285 $ 1247 $ 1223 $ 1262 $

Waterloo 1190 $ 1253 $ 1238 $ 1259 $ 1283 $

North Dumfries 1010 $ 1151 $ 1238 $ 1291 $

Orillia 817 $ 776 $ 1271 $ 1357 $ 1310 $

West Lincoln 1224 $ 1104 $ 1056 $ 1068 $ 1343 $

Richmond Hill 1421 $ 1350 $

Wilmot 1051 $ 1091 $ 1111 $ 1249 $ 1403 $

Pickering 940 $ 1134 $ 1205 $ 1288 $ 1454 $

Niagara‐on‐the‐Lake 1462 $ 1607 $ 1421 $ 1541 $ 1456 $

Oakville 1620 $ 1884 $ 1328 $ 1522 $ 1486 $

Wellington North 950 $ 1177 $ 1493 $ 1589 $

Bracebridge 1376 $ 1555 $ 1680 $ 1839 $ 1666 $

Vaughan 957 $ 1029 $ 1007 $ 1124 $ 1688 $

Haldimand 1461 $ 1513 $ 1688 $

Kincardine 2280 $ 2570 $ 2366 $ 2578 $

Kenora 1740 $ 1861 $ 4555 $ 4799 $ 4634 $

Innisfil 413 $ 378 $ 412 $ 4983 $ 4914 $

Average $ 166 $ 251 $ 320 $ 438 $ 435 Median $ 317 $ 378 $ 437 $ 613 $ 651

Column1 1 2 3 4 5

Municipal Financial Indicators 68

Municipal Study 2018

Financial Position Per CapitamdashTrend (contrsquod)

Municipality

Region Waterloo

Region York

Region Niagara

Region Peel

District Muskoka

Region Durham

Region Halton

$

$

$

$

$

$

$

2013

(744)

(1218)

(1)

(37)

(332)

1121

1444

$

$

$

$

$

$

$

2014

(987)

(1362)

(65)

(69)

(204)

1203

1600

$

$

$

$

$

$

$

2015

(1044)

(1215)

(155)

(101)

38

1327

1965

$

$

$

$

$

$

$

2016

(1229)

(1209)

(223)

8

303

1579

2097

$

$

$

$

$

$

$

2017

(1272)

(1052)

(180)

71

600

1799

2108

Average Median

$ $

33 (37)

$ $

17 (69)

$ $

116 (101)

$ $

189 8 $ $

296 71

Simcoe County

Bruce County

Dufferin County

Wellington County

Grey County

Elgin County

$ 304

$

$

$

$

$

$

(133)

(161)

(1)

371

395

235

$

$

$

$

$

$

(137)

(90)

65

442

378

262

$

$

$

$

$

$

(67)

(58)

83

186

326

339

Average Median

$ $

304 304

$ $

118 117

$ $

153 163

$ $

135 134

Municipal Financial Indicators 69

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend

Municipality 2013 2014 2015 2016 2017

Ottawa

Bancroft

Quinte West

Kingston

Prince Edward County

Brockville

Belleville

North Stormont

Cornwall

Peterborough Column1

Eastern Average

Eastern Median

$

$

$

$

$

$

$

$

$

$

$

(1448)

(383)

(1060)

(1184)

(1238)

386

223

292

1235

(353)

(383)

$

$

$

$

$

$

$

$

$

$

$

(1634)

(583)

(1341)

(1239)

(1234)

179

(91)

154

1157

(515)

(583)

$

$

$

$

$

$

$

$

$

$

$

(1736)

(1170)

(1283)

(1209)

(1201)

(308)

(119)

175

981

(652)

(1170)

$

$

$

$

$

$

$

$

$

$

$

(1998)

(1657)

(1365)

(1446)

(1271)

(456)

(62)

36

915

(812)

(1271)

$

$

$

$

$

$

$

$

$

$

$

$

(2299)

(2053)

(1575)

(1434)

(1366)

(1334)

(639)

11

126

758

(980)

(1350)

Municipality

Column1

2013 2014 2015 2016 2017

Toronto

Whitchurch ‐ Stouffville

Oshawa

King

Georgina

Caledon

Brampton

Clarington

Milton

East Gwillimbury

Burlington

Newmarket

Mississauga

Brock

Whitby

Halton Hills

Markham

Richmond Hill

Pickering

Oakville

Vaughan

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1668)

(329)

(393)

(766)

132

517

866

648

774

333

889

719

604

601

994

682

1327

940

1620

957

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1962)

(150)

(340)

(718)

192

359

672

600

774

421

880

716

495

766

994

771

1285

1134

1884

1029

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(2192)

(63)

(272)

(364)

205

355

731

596

856

459

920

708

640

868

999

737

1247

1205

1328

1007

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(2379)

(166)

(170)

(201)

246

460

688

655

970

522

905

881

691

953

1097

992

1223

1421

1288

1522

1124

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(2460)

(212)

(23)

100

243

462

661

677

717

894

927

927

948

1039

1051

1117

1262

1350

1454

1486

1688

GTA Average

GTA Median Column1

$

$

500

682

$

$

520

716

$

$

517

731

$

$

641

893

$

$

681

927

Municipal Financial Indicators 70

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Greenstone

Thunder Bay

Timmins

North Bay

Elliot Lake

Espanola

Sault Ste Marie

Parry Sound

Greater Sudbury

Kenora

$

$

$

$

$

$

$

$

$

(3734)

(954)

(482)

39

228

675

1126

1740

$

$

$

$

$

$

$

$

$

(3669)

(1349)

(677)

176

335

693

1347

906

1861

$

$

$

$

$

$

$

$

$

$

(3082)

(1447)

(923)

122

510

444

772

1245

1042

4555

$

$

$

$

$

$

$

$

$

(2610)

(1572)

(990)

323

748

727

1228

1226

4799

$

$

$

$

$

$

$

$

$

$

(2117)

(1301)

(961)

464

892

934

983

995

1162

4634

North Average

North Median

$

$

(151)

39

$

$

(42)

335

$

$

324

477

$

$

431

727

$

$

568

913

Municipality

Column1

2013 2014 2015 2016 2017

Barrie

Gravenhurst

Penetanguishene

Orangeville

Tay

Huntsville

Collingwood

Springwater

Tiny

Orillia

Bracebridge

Innisfil

$

$

$

$

$

$

$

$

$

(1538)

(1197)

(363)

(6)

(369)

434

817

1376

413

$

$

$

$

$

$

$

$

$

(1396)

(1134)

(202)

133

(146)

458

776

1555

378

$

$

$

$

$

$

$

$

$

(1492)

(1066)

(60)

206

(244)

498

1271

1680

412

$

$

$

$

$

$

$

$

$

(1329)

(829)

(198)

282

241

581

1357

1839

4983

$

$

$

$

$

$

$

$

$

$

$

$

(938)

(520)

(399)

(21)

379

425

448

649

656

1310

1666

4914

SimcoeMuskDuff Average

SimcoeMuskDuff Median Column1

$

$

(48)

(6)

$

$

47

133

$

$

134

206

$

$

770

282

$

$

714

437

Municipal Financial Indicators 71

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Owen Sound

North Perth

Stratford

St Thomas

Norfolk

Middlesex Centre

Guelph‐Eramosa

Meaford

Minto

Brant County

Erin

Mapleton

St Marys

Tillsonburg

Brockton

Grey Highlands

Puslinch

Saugeen Shores

Cambridge

Sarnia

Lambton Shores

London

Windsor

Guelph

Centre Wellington

Strathroy‐Caradoc

Ingersoll

North Middlesex

Kitchener

Wellesley

Chatham‐Kent

Woolwich

Brantford

Waterloo

North Dumfries

Wilmot

Wellington North

Haldimand

Kincardine

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(774)

(1171)

(1621)

814

(847)

(521)

(485)

(21)

275

358

707

152

(889)

294

510

247

(130)

43

764

915

912

1190

1051

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(700)

(1581)

653

(766)

(50)

(372)

196

(309)

79

383

(91)

10

401

395

360

717

94

(606)

334

618

405

580

28

242

802

854

241

915

1253

1010

1091

950

2280

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1099)

(856)

(1267)

434

(633)

(53)

(304)

113

(187)

174

384

247

60

320

448

358

722

213

(262)

508

653

572

571

248

431

383

872

861

440

1000

1238

1151

1111

1177

1461

2570

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1288)

(899)

(1002)

128

(132)

(408)

(205)

(95)

(11)

(373)

172

269

52

398

492

518

726

376

222

613

731

658

836

638

640

685

918

904

704

1169

1132

1259

1238

1249

1493

1513

2366

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1379)

(959)

(773)

(275)

(267)

(152)

(74)

73

98

142

146

178

183

230

277

384

528

590

650

652

655

670

715

719

817

832

856

887

888

890

948

1100

1132

1283

1291

1403

1589

1688

2578

Southwest Average

Southwest Median Column1

$

$

49

200 1

$

$

315

360 2

$

$

391

408 3

$

$

478

613 4

$

$

543

652 5

Municipal Financial Indicators 72

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Pelham

Port Colborne

St Catharines

Wainfleet

Welland

Hamilton

Fort Erie

Grimsby

Lincoln

Thorold

West Lincoln

Niagara‐on‐the‐Lake

$

$

$

$

$

$

$

$

$

$

(133)

178

319

28

315

530

1212

832

1224

1462

$

$

$

$

$

$

$

$

$

$

$

$

(432)

(498)

(35)

512

25

259

654

1314

1154

961

1104

1607

$

$

$

$

$

$

$

$

$

$

$

$

(531)

(343)

(87)

539

68

154

759

1276

1279

1052

1056

1421

$

$

$

$

$

$

$

$

$

$

$

$

(803)

(741)

(19)

424

220

263

829

1444

1313

1196

1068

1541

$

$

$

$

$

$

$

$

$

$

$

$

(1764)

(1404)

88

347

365

435

890

1174

1197

1213

1343

1456

NiagaraHamilton Average

NiagaraHamilton Median Column1

$

$

629

530

$

$

552

583

$

$

604

759

$

$

619

829

$

$

445

663

Municipality 2013 2014 2015 2016 2017

Region Waterloo

Region York

Region Niagara

Region Peel

District Muskoka

Region Durham

Region Halton

$

$

$

$

$

$

$

(744)

(1218)

(1)

(37)

(332)

1121

1444

$

$

$

$

$

$

$

(987)

(1362)

(65)

(69)

(204)

1203

1600

$

$

$

$

$

$

$

(1044)

(1215)

(155)

(101)

38

1327

1965

$

$

$

$

$

$

$

(1229)

(1209)

(223)

8

303

1579

2097

$

$

$

$

$

$

$

(1272)

(1052)

(180)

71

600

1799

2108

Average

Median

$

$

33

(37)

$

$

17

(69)

$

$

116

(101)

$

$

189

8

$

$

296

71

Simcoe County

Bruce County

Dufferin County

Wellington County

Grey County

Elgin County

$ 304

$

$

$

$

$

$

(133)

(161)

(1)

371

395

235

$

$

$

$

$

$

(137)

(90)

65

442

378

262

$

$

$

$

$

$

(67)

(58)

83

186

326

339

Average

Median

$

$

$

$

304

304

$

$

118

117

$

$

153

163

$

$

135

134

Municipal Financial Indicators 73

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend

Municipality 2013 2014 2015 2016 2017

Innisfil (026) (024) (023) (308) (315)

North Dumfries (159) (169) (171) (181)

Wilmot (144) (152) (152) (157) (177)

Kenora (075) (076) (184) (181) (176)

Pickering (121) (141) (140) (145) (166)

Wellesley (192) (161) (157) (152) (157)

Bracebridge (149) (162) (162) (169) (152)

Woolwich (146) (142) (154) (141) (151)

Wellington North (083) (103) (124) (137)

Vaughan (090) (099) (094) (086) (136)

Lincoln (149) (136) (151) (144) (135)

Grimsby (149) (142) (149) (132)

Markham (142) (135) (129) (116) (125)

Kincardine (108) (118) (108) (117)

Brock (073) (088) (099) (108) (116)

Halton Hills (083) (087) (080) (100) (115)

Richmond Hill (120) (114)

West Lincoln (185) (169) (146) (140) (112)

Oakville (137) (156) (110) (116) (112)

Whitby (118) (119) (117) (112) (098)

Mississauga (071) (056) (071) (066) (093)

Waterloo (087) (089) (088) (087) (092)

Thorold (063) (076) (082) (087) (091)

Niagara‐on‐the‐Lake (104) (109) (092) (097) (090)

Milton (094) (091) (099) (114) (085)

Clarington (089) (080) (077) (079) (085)

Burlington (083) (082) (084) (079) (080)

Centre Wellington (057) (057) (071) (079)

Puslinch (061) (070) (068) (076)

Newmarket (063) (063) (060) (068) (074)

Haldimand (053) (067) (074)

Ingersoll (004) (020) (035) (051) (071)

Brampton (122) (077) (080) (067) (068)

Springwater (050) (052) (054) (058) (065)

Strathroy‐Caradoc 012 (002) (021) (049) (062)

Fort Erie (039) (048) (053) (053) (059)

Municipal Financial Indicators 74

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Kitchener (052) (054) (060) (061) (058)

Tiny (057)

Elliot Lake (014) (022) (031) (045) (055)

Orillia (038) (035) (054) (055) (054)

Cambridge (062) (063) (063) (058) (053)

North Middlesex (028) (043) (050)

East Gwillimbury (031) (037) (040) (026) (049)

Brantford (047) (049)

Greater Sudbury (049) (039) (045) (050) (047)

Huntsville 001 (015) (024) (032) (045)

Sault Ste Marie (030) (030) (033) (031) (041)

Caledon (049) (033) (031) (038) (040)

Chatham‐Kent (011) (021) (032) (040)

Sarnia (011) (006) (014) (022) (039)

Espanola (036)

Parry Sound (045) (045) (041) (034)

Lambton Shores 052 031 012 (011) (034)

Saugeen Shores (022) (022) (021) (028) (033)

Wainfleet (035) (055) (057) (045) (031)

Peterborough (053) (050) (042) (036) (031)

London (014) (016) (023) (027) (030)

Grey Highlands (024) (035) (027) (031) (030)

Windsor (023) (027) (027) (030) (030)

Guelph (010) (016) (022) (025) (028)

Tay (028)

Welland (002) (002) (005) (015) (025)

Georgina (014) (018) (018) (021) (021)

Mapleton (060) (052) (021)

Collingwood 016 006 010 (010) (020)

Brockton (020)

Tillsonburg 002 (001) (005) (004) (019)

North Bay (002) (008) (005) (013) (019)

Hamilton (014) (012) (007) (011) (018)

Erin (010) (020) (020) (018)

Minto (016) (009) 001 (008)

St Catharines (017) 003 008 002 (007)

Municipal Financial Indicators 75

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

St Marys 003 (009) (010) (007)

Brant County 030 012 011 020 (006)

King 042 037 018 012 (006)

Cornwall (014) (007) (008) (001) (005)

Meaford 033 023 018 005 (004)

North Stormont (021) 010 013 009 (002)

Orangeville 024 013 004 011 001

Oshawa 042 035 026 015 002

Guelph‐Eramosa 007 007 025 009

Middlesex Centre 073 063 042 025 010

St Thomas (045) (035) (023) (006) 013

Norfolk 007 015

Whitchurch ‐ Stouffville 036 015 007 015 019

Penetanguishene 023

Belleville (018) (008) 013 019 026

Stratford 064 063 048 036 028

Thunder Bay 024 033 033 037 030

Timmins 021 029 038 038 036

Gravenhurst 109 099 085 061 038

Barrie 078 070 072 059 042

Kingston 039 048 046 045 047

Greenstone 096 090 073 059 048

North Perth 088 054 049 049

Brockville 058 058 052 052 055

Owen Sound 041 037 056 062 066

Prince Edward County 074 072 065 073 069

Toronto 056 065 068 070 076

Ottawa 056 062 066 071 084

Port Colborne 046 023 057 090

Quinte West 029 041 077 101 093

Bancroft 112

Pelham 015 047 057 074 163

Average (029) (031) (035) (040) (040)

Median (022) (022) (027) (032) (034)

Municipal Financial Indicators 76

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend (contrsquod)

Municipality

Region Halton

Region Durham

District Muskoka

Region Peel

Region Niagara

Region York

Region Waterloo

2013

(125)

(085)

017

004

000

102

062

2014

(137)

(088)

010

007

005

111

080

2015

(164)

(096)

(002)

010

012

093

083

2016

(167)

(106)

(015)

(001)

017

086

091

2017

(175)

(122)

(030)

(007)

014

075

097

Average

Median

(004)

004

(002)

007

(009)

010

(013)

(001)

(021)

(007)

Grey County

Elgin County

Wellington County

Dufferin County

Bruce County

Simcoe County

(027)

(051)

(028)

(032)

000

019

021

(051)

(031)

(036)

(009)

011

022

(043)

(039)

(038)

(010)

007

010

Average

Median

(027)

(027)

(012)

(014)

(016)

(020)

(019)

(024)

Municipal Financial Indicators 77

Municipal Study 2018

Total Asset Consumption Ratio

This indicator provides an estimate of the useful life left in the municipalityrsquos capital assets

Municipalities are facing significant infrastructure challenges Therefore it is important to keep informed of the age and condition of its capital assets to ensure they are making timely and appropriate investments This is calculated using Schedule 51 of the Financial Information Return

Formula

Total Accumulated Amortization

Total Gross Costs of Capital Assets

Interpretations

This ratio shows the value of the tangible capital assets that have been consumed This ratio seeks to highlight the aged condition of the assets and the potential asset replacement needs A higher ratio may

indicate significant replacement needs However if assets are renewed and replaced in accordance with an asset management plan a high ratio should not be a cause for concern The Ministry of Municipal Affairs and Housing considers a ratio of 25 or under to be relatively new 26‐50 to be moderately new 51‐75 to be moderately old and over 75 to be old

Summarymdash2017 Asset Consumption RatiomdashTotal Survey

0‐25

26‐50

51‐75

greater than 75

Total Asset Consumption Tax Asset Consumption

Municipal Financial Indicators 78

Municipal Study 2018

Total Asset Consumption Ratio Trend

Municipalities 2013 2014 2015 2016 2017

Vaughan 109 112 115 120 120

Markham 183 188 194 199 198

Mississauga 174 182 191 196 204

Grimsby 244 252 262 272 271

Penetanguishene 274

Whitchurch ‐ Stouffville 244 254 266 269 275

Milton 286 285 269 283 290

Ottawa 269 268 276 284 292

Barrie 246 261 270 281 294

Woolwich 256 265 275 290 298

Niagara‐on‐the‐Lake 268 273 280 291 302

Brampton 274 278 279 290 302

Lambton Shores 272 283 298 294 310

Kitchener 338 339 307 304 314

St Marys 289 300 314 317 319

Oakville 310 319 315 320 319

Georgina 254 271 286 303 319

Middlesex Centre 284 303 312 321 326

Tay 331

North Middlesex 304 322 337

Innisfil 293 298 296 334 339

North Perth 324 327 340

Springwater 295 310 324 338 352

Owen Sound 376 382 359 350 355

Burlington 326 335 341 349 358

London 339 346 353 359 362

North Stormont 326 325 335 351 369

Guelph‐Eramosa 338 344 361 376 371

King 447 422 394 393 377

Newmarket 357 362 375 373 377

East Gwillimbury 384 392 402 375 379

Hamilton 362 371 368 370 379

Port Colborne 354 373 384 393 380

Kingston 358 359 369 367 380

West Lincoln 360 369 376 370 380

Whitby 341 354 368 378 384

Municipal Financial Indicators 79

Municipal Study 2018

Total Asset Consumption Ratio (contrsquod)

Municipalities 2013 2014 2015 2016 2017

Ingersoll 362 362 369 371 386

Parry Sound 344 362 376 381 386

Brockville 370 382 395 397 388

Waterloo 351 359 369 381 389

Stratford 357 368 378 390 389

Orillia 357 367 382 383 390

Centre Wellington 390 372 376 387 391

Toronto 425 425 416 409 393

Espanola 377 393

Brant County 394 397 395 386 395

Collingwood 353 368 382 381 396

Thorold 367 365 373 392 397

Welland 346 359 375 385 397

Clarington 374 379 380 388 400

Wilmot 390 410 358 383 401

Cambridge 404 401 397 391 404

Oshawa 383 386 391 399 406

Peterborough 386 387 395 404 408

Norfolk 399 410

St Catharines 403 390 388 400 410

Belleville 407 417 426 420 411

Saugeen Shores 354 374 387 401 413

Sault Ste Marie 380 383 394 401 416

Fort Erie 366 383 394 406 419

Richmond Hill 390 415 422

Sarnia 376 392 407 419 423

Lincoln 431 401 413 416 428

Cornwall 452 454 420 423 428

Strathroy‐Caradoc 403 403 403 423 428

Windsor 389 392 410 423 430

Orangeville 397 388 402 427 437

Pelham 398 408 413 427 437

Tillsonburg 393 413 422 439 441

North Bay 413 413 415 428 445

Timmins 475 486 490 422 445

St Thomas 453 459 467 466 446

Municipal Financial Indicators 80

Municipal Study 2018

Total Asset Consumption Ratio (contrsquod)

Municipalities 2013 2014 2015 2016 2017

Prince Edward County 408 424 435 436 449

Guelph 409 421 435 440 450

Wainfleet 459 477 472 478 451

Halton Hills 430 434 424 436 453

Minto 441 447 447 457 463

Kenora 368 441 389 399 468

Erin 412 429 443 455 469

Haldimand 470 473 475

Bracebridge 436 451 452 466 477

Chatham‐Kent 439 450 460 474 479

Brantford 475 482

Brockton 483

Bancroft 490

Pickering 507 520 503 506 502

Greater Sudbury 491 493 486 497 503

Kincardine 426 439 445 446 505

Huntsville 412 440 468 484 507

Meaford 495 510 513 515 512

Caledon 526 558 549 532 512

Brock 445 465 482 498 516

Wellington North 495 510 526 534 542

Grey Highlands 482 505 515 533 547

Greenstone 490 503 526 541 551

Tiny 551

Thunder Bay 544 551 550 552 566

Gravenhurst 341 359 381 405 571

North Dumfries 197 220 338 348 621

Mapleton 619 628 646 639

Quinte West 658 667 662 668 654

Puslinch 632 642 651 657

Wellesley 621 646 671 692 716

Elliot Lake 784 788 787 793 796

Average 380 388 396 402 418

Median 376 383 387 393 405

Municipal Financial Indicators 81

Municipal Study 2018

Total Asset Consumption Ratio (contrsquod)

Municipalities

Region York

Region Halton

Region Peel

Region Durham

Region Waterloo

Region Niagara

District Muskoka

2013

320

257

251

316

413

424

413

2014

322

264

255

320

421

427

433

2015

291

258

260

330

415

432

440

2016

279

264

270

328

424

416

460

2017

266

271

282

336

347

425

478

Average

Median

342

320

349

322

347

330

349

328

344

336

Simcoe County

Wellington County

Dufferin County

Bruce County

Elgin County

Grey County

391

322

406

419

417

446

580

330

419

422

423

457

593

344

426

431

436

465

596

Average

Median

391

391

432

418

441

422

450

434

Municipal Financial Indicators 82

Municipal Study 2018

Tax Asset Consumption Ratio

Municipalities 2017

Vaughan 107

Markham 167

Mississauga 204

Grimsby 253

Barrie 281

Milton 290

Ottawa 300

Brampton 302

Whitchurch ‐ Stouffville 304

Woolwich 317

Oakville 319

North Perth 328

Kitchener 329

Penetanguishene 334

Innisfil 339

Niagara‐on‐the‐Lake 340

East Gwillimbury 341

St Marys 344

Collingwood 345

London 350

Burlington 358

Georgina 359

Owen Sound 367

Tay 368

Springwater 372

Orillia 374

Newmarket 377

North Middlesex 380

Port Colborne 382

Middlesex Centre 384

Whitby 384

Ingersoll 386

Stratford 386

Lambton Shores 392

Toronto 394

St Thomas 394

Municipalities 2017

Hamilton 399

Guelph‐Eramosa 399

Peterborough 400

Clarington 400

Kingston 405

Waterloo 406

Oshawa 406

North Stormont 412

Sault Ste Marie 414

Sarnia 417

Welland 418

Norfolk 419

Brant County 425

Espanola 426

Parry Sound 428

West Lincoln 429

Cambridge 433

Windsor 433

Wilmot 434

Pelham 437

Centre Wellington 440

Richmond Hill 440

St Catharines 443

King 443

Tillsonburg 444

Guelph 448

Wainfleet 451

Halton Hills 453

Thorold 457

Brockville 457

Belleville 457

Cornwall 462

Fort Erie 468

Bracebridge 477

Lincoln 479

Orangeville 482

Municipal Financial Indicators 83

Municipal Study 2018

Tax Asset Consumption Ratio

Municipalities 2017

North Bay

Chatham‐Kent

Saugeen Shores

Kenora

Meaford

Erin

Pickering

Prince Edward County

Huntsville

Caledon

Haldimand

Brock

Brockton

Kincardine

Brantford

Minto

Timmins

Grey Highlands

Greater Sudbury

Strathroy‐Caradoc

Tiny

Thunder Bay

Greenstone

Gravenhurst

Bancroft

North Dumfries

Wellington North

Puslinch

Mapleton

Quinte West

Wellesley

Elliot Lake

486

486

489

497

498

501

502

504

507

512

513

516

519

524

527

539

548

550

554

568

569

569

571

571

615

621

623

657

672

701

716

784

Average

Median

438

431

Municipalities 2017

Region Waterloo

Region Halton

Region York

Region Peel

Region Durham

Region Niagara

District Muskoka

298

301

334

358

380

387

520

Average

Median

368

358

Simcoe County

Wellington County

Dufferin County

Bruce County

Elgin County

Grey County

344

426

431

436

465

596

Average

Median

450

434

Municipal Financial Indicators 84

Municipal Study 2018

Reserves

Reserves are a critical component of a municipalityrsquos long‐term financing plan The purpose for maintaining reserves is to

Provide stability of tax rates in the face of variable and uncontrollable factors (consumption interest

rates unemployment rates changes in subsidies)

Provide financing for one‐time or short‐term requirements without permanently impacting the tax and

utility rates

Make provisions for replacementsacquisitions of assetsinfrastructure that are currently being

consumed and depreciated

Avoid spikes in funding requirements of the capital budget by reducing their reliance on long‐term debt borrowings

Provide a source of internal financing

Ensure adequate cash flows

Provide flexibility to manage debt levels and protect the municipalityrsquos financial position

Provide for future liabilities incurred in the current year but paid for in the future

Three financial indicators have been included for tax reserves In each case the water and wastewater reserves and reserve funds have been excluded as well as obligatory reserve funds

Reserve Financial Indicator One Tax Discretionary Reserves as a of Taxation

This provides the total tax discretionary reserves and reserve funds using Schedule 60 of the Financial Information Returns (columns 2 and 3) in relation to total taxation (Schedule 10 of the Financial Information Return)

Formula

Tax Discretionary Reserves

Taxation

Municipal Financial Indicators 85

Municipal Study 2018

Reserve Financial Indicator Two Tax Discretionary Reserves per Capita

This provides the total tax discretionary reserves in relation to the population

Formula

Tax Discretionary Reserves

Population

Reserve Financial Indicator Three Tax Discretionary Reserves as a of Own Source Revenues

This indicator shows the total value of funds held in reserves and reserve funds compared to a single yearrsquos own source revenue and is a strong indicator of financial stability This provides the total tax discretionary reserves and reserve funds using Schedule 60 of the Financial Information Returns (columns 2 and 3) in relation to own source revenues (Schedule 81 of the Financial Information Return less water and wastewater own source revenues which are on Schedule 12)

Formula

Tax Discretionary Reserves

Own Source Revenues

Interpretations

Reserves offer liquidity which enhances the municipalityrsquos flexibility in addressing operating

requirements and in permitting the municipality to temporarily fund capital projects internally allowing

it time to access debt markets and take advantage of favourable conditions The level of reserves required will vary for a number of reasons including

Services provided by the municipality

Age and condition of infrastructure inventory of fleet and vehicles supporting municipal operations

Level of expenditures

Internal debt and reserve policies

Targets ranges established on a reserve by reserve basis

Economic conditions and projections

Municipal Financial Indicators 86

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend

Municipality 2013 2014 2015 2016 2017

Orillia ‐21 ‐12 ‐5 ‐17 ‐33

Pelham 15 9 18 25 ‐7

Newmarket 32 15 ‐3 2 3

Brockville 12 14 13 15 17

St Thomas 27 20 18 25 21

Strathroy‐Caradoc 4 3 5 21 24

Tillsonburg 31 33 26 23 28

Markham 156 111 99 80 29

Ottawa 23 24 22 23 29

Barrie 31 30 31 31 30

Guelph 41 36 33 36 30

Sault Ste Marie 28 28 30 28 32

Prince Edward County 39 38 42 39 33

Brantford 42 36

Timmins 31 33 32 34 36

Greenstone 27 28 35 38 37

Belleville 23 24 28 33 38

Orangeville 20 20 25 33 38

Tiny 39

Quinte West 38 34 32 35 39

North Bay 29 29 29 38 42

Bancroft 42

Sarnia 25 26 27 32 43

Greater Sudbury 54 54 57 52 44

Wilmot 51 56 56 42 45

St Catharines 56 53 41 43 45

Kitchener 34 36 45 45 46

Huntsville 51 60 39 40 47

Toronto 53 48 45 45 47

Whitchurch ‐ Stouffville 89 88 87 67 49

Woolwich 57 47 46 53 49

Windsor 52 53 56 56 50

Niagara‐on‐the‐Lake 61 60 51 63 52

Waterloo 77 88 76 55 54

Stratford 50 49 52 53 55

Caledon 79 74 54 57 55

Municipal Financial Indicators 87

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Erin 48 49 57 56

Guelph‐Eramosa 44 48 51 56

Grey Highlands 63 48 52 58 57

Meaford 37 45 46 48 59

Hamilton 62 61 58 56 59

Thunder Bay 67 59 55 52 59

Oshawa 38 34 46 52 59

Espanola 60

Grimsby 91 82 65 61

Collingwood 65 59 59 53 61

Penetanguishene 62

Lincoln 101 78 75 70 62

Cornwall 64 66 66 62 63

Peterborough 65 63 61 64 63

Cambridge 54 56 64 64 63

Minto 58 60 57 68

North Stormont 57 50 48 64 70

Ingersoll 33 30 42 55 70

Innisfil 82 76 70 63 71

Georgina 54 60 62 65 71

Centre Wellington 94 92 114 71

Wainfleet 66 87 90 80 75

Fort Erie 56 61 69 73 77

St Marys 78 87 82 78

Bracebridge 77 74 52 59 80

Mississauga 79 79 80 85 81

Norfolk 86 81

Vaughan 85 79 70 102 83

Brampton 68 71 73 76 83

Burlington 79 78 80 84 84

Welland 81 76 70 80 84

Kincardine 137 112 93 85

Kingston 76 73 80 80 86

King 59 63 82 83 86

Gravenhurst 91 83 73 76 86

London 61 76 78 81 88

Municipal Financial Indicators 88

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Owen Sound

Tay

Brant County

Lambton Shores

Middlesex Centre

Port Colborne

Chatham‐Kent

North Perth

Parry Sound

Halton Hills

Brockton

Kenora

Wellington North

Wellesley

Springwater

Puslinch

Oakville

Elliot Lake

Pickering

Whitby

North Dumfries

Clarington

Milton

Saugeen Shores

Mapleton

North Middlesex

Brock

Richmond Hill

Thorold

West Lincoln

East Gwillimbury

102

30

32

79

62

110

115

154

104

65

53

112

0

139

119

159

118

182

155

69

103

100

45

76

41

86

138

64

111

137

100

156

82

132

71

80

109

54

138

112

144

55

127

193

157

74

98

94

64

83

89

98

90

123

71

117

132

101

104

94

113

70

75

110

50

129

160

132

94

125

135

207

133

72

91

92

77

93

94

94

91

111

87

106

103

105

101

93

112

100

74

111

63

120

171

129

141

150

189

192

124

156

90

90

92

93

93

94

95

95

95

96

96

98

98

101

101

102

104

105

110

111

111

119

124

126

131

154

155

173

196

204

208

Average

Median

65

61

68

61

70

69

74

65

73

68

Municipal Financial Indicators 89

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Region Waterloo

Region Niagara

District Muskoka

Region Peel

Region Durham

Region Halton

Region York

40

42

67

119

113

155

178

48

43

67

120

122

172

191

42

47

72

119

137

208

212

44

45

79

126

150

219

223

41

46

91

127

165

214

223

Average

Median

102

113

109

120

120

119

126

126

130

127

Elgin County

Bruce County

Dufferin County

Wellington County

Grey County

Simcoe County

80

21

55

50

83

90

63

32

57

59

75

87

69

48

58

66

79

85

87

Average

Median

80

80

60

59

63

64

71

73

Municipal Financial Indicators 90

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend

Municipality 2013 2014 2015 2016 2017

Orillia ‐17 ‐10 ‐4 ‐13 ‐27

Pelham 13 7 16 20 ‐6

Newmarket 23 11 ‐2 2 2

Brockville 10 11 11 11 13

St Thomas 21 16 15 20 17

Markham 90 65 59 49 18

Strathroy‐Caradoc 3 3 4 16 18

Kitchener 14 15 19 20 19

Tillsonburg 23 23 18 17 20

Ottawa 16 17 16 16 21

Guelph 31 27 25 28 23

Toronto 28 25 22 22 23

Barrie 25 24 25 25 24

Sault Ste Marie 20 21 22 21 24

Thunder Bay 27 24 22 23 24

Timmins 23 25 25 26 26

Brantford 30 26

Prince Edward County 31 30 34 31 27

Greenstone 19 21 27 29 28

Wilmot 31 36 37 28 28

Niagara‐on‐the‐Lake 38 37 32 38 29

Orangeville 16 16 20 28 30

Whitchurch ‐ Stouffville 61 56 59 47 31

Belleville 19 20 24 28 31

Woolwich 40 33 32 31 32

St Catharines 42 39 29 31 32

Huntsville 38 40 27 29 32

North Bay 22 22 23 30 33

Greater Sudbury 39 39 41 38 33

Tiny 33

Windsor 38 38 38 36 33

Sarnia 20 20 21 26 34

Quinte West 34 30 29 32 35

Waterloo 49 56 50 35 35

Bancroft 36

Stratford 35 34 36 37 37

Municipal Financial Indicators 91

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Caledon 54 53 39 40 40

Minto 36 39 37 43

Erin 36 32 45 43

Oshawa 29 26 33 37 43

Centre Wellington 53 56 60 44

Hamilton 46 46 44 42 44

Cornwall 44 46 47 44 44

Guelph‐Eramosa 33 38 40 45

Peterborough 43 44 43 45 45

Innisfil 55 53 51 41 46

Grey Highlands 45 37 42 46 47

Espanola 34 47

North Stormont 0 0 0 43 47

Cambridge 39 42 50 49 48

Meaford 31 38 38 40 48

Lincoln 74 58 60 55 48

Penetanguishene 49

Collingwood 52 45 46 43 50

Grimsby 0 74 65 51 50

Mississauga 48 50 51 52 50

St Marys 57 64 60 51

Wainfleet 52 69 73 67 53

Vaughan 59 57 50 70 55

Welland 51 53 48 57 56

Brant County 25 51 78 77 57

Kincardine 47 70 69 58

Kingston 52 49 55 56 58

Burlington 53 53 56 59 58

North Perth 58 58 56 58

Ingersoll 28 24 35 46 59

Georgina 44 45 48 52 59

Brampton 57 50 51 53 59

Bracebridge 61 58 40 45 61

Whitby 72 72 72 70 63

Fort Erie 47 51 59 62 65

Norfolk 70 66

Municipal Financial Indicators 92

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Brockton 66

King 34 36 50 59 66

London 46 57 59 60 67

Wellesley 82 66 65 68 68

Middlesex Centre 59 58 51 59 68

Milton 61 59 85 94 68

North Dumfries 34 33 39 69

Chatham‐Kent 66 76 73 69

Gravenhurst 73 65 58 62 69

Lambton Shores 24 31 39 54 70

Parry Sound 83 88 80 71

Oakville 71 91 80 79 72

Halton Hills 45 46 52 65 72

Puslinch 59 72 66 72

Owen Sound 77 83 78 73 72

Wellington North 104 103 78 74

Port Colborne 0 32 50 73 74

Kenora 81 82 87 79 76

Tay 77

Springwater 123 124 82 78 80

Saugeen Shores 98 92 87 84 83

Elliot Lake 43 53 49 79 86

Pickering 41 61 56 57 86

West Lincoln 113 120 95 94 90

Clarington 102 103 96 91 91

East Gwillimbury 46 51 51 63 101

Mapleton 44 73 106

Richmond Hill 122 112

North Middlesex 102 112 116

Brock 95 101 110 120 119

Haldimand 90 139 138

Thorold 149 160 163 158 160

Average 45 47 49 52 52

Median 43 45 48 49 48

Municipal Financial Indicators 93

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Region Niagara

Region Waterloo

District Muskoka

Region Peel

Region Durham

Region York

Region Halton

30

32

57

97

99

139

118

30

39

57

98

105

147

132

33

34

61

99

117

157

159

32

36

67

105

128

175

171

32

34

77

106

135

167

170

Average

Median

82

97

87

98

94

99

102

105

103

106

Elgin County

Bruce County

Dufferin County

Wellington County

Grey County

Simcoe County

65

15

42

38

67

65

50

25

45

45

61

66

55

37

46

49

64

65

67

Average

Median

65

65

46

46

49

50

55

57

Municipal Financial Indicators 94

Municipal Study 2018

2017 Total and Tax Reserve Per Capita

Total Tax Reserves Reserves

Municipality Per Capita Per Capita

Orillia (97) $ (538) $

Pelham 108$ (50) $

Newmarket 593$ 18 $

Markham 325$ 122 $

Wilmot 378$ 158 $

Strathroy‐Caradoc 924 $ 180 $

Woolwich 467$ 188 $

Kitchener 244 $ 222 $

Tillsonburg 237 $ 237 $

St Thomas 650$ 254 $

North Stormont 412$ 264 $

Brockville 490 $ 271 $

Whitchurch ‐ Stouffville 377 $ 280 $

Guelph‐Eramosa 485$ 284 $

Erin 493$ 302 $

Huntsville 305 $ 305 $

Niagara‐on‐the‐Lake 647 $ 318 $

Centre Wellington 893 $ 322 $

St Catharines 417$ 337 $

Grimsby 642$ 339 $

Waterloo 351$ 351 $

Lincoln 874$ 358 $

Minto 980$ 370 $

Cambridge 545$ 377 $

Wellesley 384 $ 384 $

Tiny 747$ 384 $

Orangeville 723 $ 421 $

Sarnia 623$ 427 $

Barrie 767$ 438 $

Prince Edward County 539 $ 454 $

Caledon 456$ 456 $

Oshawa 465$ 465 $

Vaughan 820 $ 478 $

Sault Ste Marie 481 $ 481 $

Quinte West 721$ 485 $

North Dumfries 490$ 490 $

Total Tax Reserves Reserves

Municipality Per Capita Per Capita

Guelph 1388 $ 490 $

Ottawa 560$ 495 $

Brantford 1002 $ 502 $

Puslinch 504 $ 504 $

Bancroft 506$ 506 $

Mississauga 510 $ 510 $

Grey Highlands 922$ 518 $

Timmins 564 $ 564 $

Milton 575 $ 575 $

Welland 602 $ 576 $

Wellington North 1308 $ 577 $

Brampton 579$ 579 $

Wainfleet 590$ 590 $

Georgina 784$ 612 $

Fort Erie 754$ 619 $

Belleville 1176 $ 641 $

Springwater 1061 $ 650 $

Penetanguishene 662 $

North Bay 883$ 663 $

Bracebridge 665$ 665 $

Whitby 672$ 672 $

Burlington 675 $ 675 $

Greater Sudbury 865 $ 676 $

Toronto 1010 $ 678 $

Halton Hills 695 $ 695 $

Ingersoll 712$ 712 $

Innisfil 715$ 715 $

Tay 1096 $ 715 $

Windsor 760$ 716 $

Clarington 726$ 726 $

Meaford 975$ 729 $

Pickering 756$ 756 $

Brockton 992 $ 795 $

Middlesex Centre 961$ 796 $

Collingwood 1842 $ 801 $

Mapleton 1014 $ 802 $

Municipal Financial Indicators 95

Municipal Study 2018

2017 Total and Tax Reserve Per Capita (contrsquod)

Municipality

Total Reserves Per Capita

Tax Reserves Per Capita

Port Colborne

Cornwall

North Perth

Hamilton

West Lincoln

Richmond Hill

Stratford

Peterborough

Thunder Bay

King

Oakville

Gravenhurst

Espanola

Lambton Shores

Norfolk

Brock

Elliot Lake

Kincardine

Greenstone

Saugeen Shores

Owen Sound

St Marys

Brant County

London

Chatham‐Kent

East Gwillimbury

Parry Sound

Kingston

Thorold

North Middlesex

Kenora

Haldimand

939 $

1042 $

1005 $

1312 $

1000 $

1126 $

940 $

1379 $

989 $

966 $

950 $

956 $

1316 $

1811 $

1330 $

1069 $

1418 $

2740 $

1125 $

1347 $

1312 $

1426 $

1535 $

1674 $

1429 $

1843 $

2577 $

2113 $

2056 $

1713 $

1929 $

3127 $

817 $

881 $

886 $

887 $

913 $

921 $

923 $

933 $

938 $

949 $

950 $

956 $

973 $

994 $

995 $

1069 $

1093 $

1100 $

1125 $

1138 $

1141 $

1151 $

1178 $

1262 $

1347 $

1482 $

1494 $

1522 $

1555 $

1569 $

1576 $

2613 $

Average Median

931 $ 820 $

684$ 645 $

Municipality

Total Reserves Per Capita

Tax Reserves Per Capita

Region Niagara

Region Waterloo

Region Peel

District Muskoka

Region Halton

Region Durham

Region York

604 $

525 $

1254 $

1823 $

1837 $

1934 $

2159 $

337 $

371 $

865 $

1351 $

1480 $

1528 $

1955 $

Average Median

1448 $ 1823 $

1127 $ 1351 $

Wellington County

Elgin County

Bruce County

Dufferin County

Simcoe County

Grey County

311 $

326 $

361 $

391 $

429 $

496 $

311 $

326 $

361 $

391 $

429 $

496 $

Average Median

386 $ 376 $

386 $ 376 $

Municipal Financial Indi‐ 96

Municipal Study 2018

Debt

The Ministry of Municipal Affairs and Housing regulates the level of debt that may be incurred by municipalities such that no more than 25 of the total Own Source Revenue can be used to service debt

and other long‐term obligations without receiving OMB approval In addition to confirming that the debt is within the legislated limits Government Finance Officersrsquo Association (GFOA) recommends the

following analysis be undertaken

Measures of the tax and revenue base such as

Projections of key relevant economic variables

Population trends

Utilization trends for services underlying revenues

Evaluation of trends relating to the governmentrsquos financial

performance such as

Revenues and expenditures

Net revenues available after meeting operating requirements

Reliability of revenues expected to pay debt service

Unreserved fund balance levels

Debt service obligations such as

Existing debt service requirements

Debt service as a percentage of expenditures or tax or system revenues

There are six financial debt indicators that have been included in the analysis to provide a clear understanding of the overall debt outstanding and the debt servicing costs

Financial Debt Indicator One Tax Debt Interest as of Own Source Revenues

This ratio indicates the extent to which the municipalityrsquos own source revenues are committed to debt interest charges This is calculated using Schedule 40 of the Financial Information Returns and the Own

Source Revenues in Schedule 81 less WaterWW revenues in Schedule 12

Formula

Tax Debt Interest

Own Source Revenues

Municipal Financial Indicators 97

Municipal Study 2018

Financial Debt Indicator Two Debt Charges as a of Own Source Revenues (Debt Service Ratio)

Debt Service is the amount of principal and interest that a municipality must pay each year to service the

debt (principal and interest expenses) As debt service increases it reduces expenditure flexibility This shows the of total debt expenditures including interest as a of own source revenue It is a measure of the municipalityrsquos ability to service its debt payments Schedule 74C has been used for the total debt charges (line 3099) and the tax debt charges (line 3012)

Formula

Debt Principal and Interest Payments

Own Source Revenue

Target

Credit rating agencies consider that principal and interest should be below 10 of Own Source Revenues

Interpretations

This indicator will trigger a warning if the increase in debt service consistently exceeds the increase in own source revenues

Financial Debt Indicator Three Debt Outstanding per Capita

This provides the debt outstanding as reflected on Schedule 74A divided by the population

Formula

Total Debt Outstanding

Population

Municipal Financial Indicators 98

Municipal Study 2018

Financial Debt Indicator Four Debt Outstanding Per Own Source Revenues

This provides the debt outstanding as reflected on Schedule 74A divided by the municipalityrsquos own source revenues as reflected in Schedule 81

Formula

Total Debt Outstanding

Own Source Revenue

Financial Debt Indicator Five Debt to Reserve Ratio

Formula

Debt Outstanding

Reserves and Reserve Funds (Excluding Obligatory Reserve

Funds)

Financial Debt Indicator Six Debt Outstanding as a of Unweighted Assessment

This provides the debt outstanding as reflected on Schedule 74A divided by the municipalityrsquos own source revenues as reflected in Municipalityrsquos Levy by‐laws

Formula

Total Debt Outstanding

Unweighted Assessment

Target

This indicator provides a measure for financial prudence by comparing total debt to the total reserve balances Generally the benchmark suggested by credit rating agencies for this ratio is 11 or in other words debt should not exceed total reserve and reserve fund balances A 11 ratio reflects that for every dollar of debt there is a dollar of reserves

Municipal Financial Indicators 99

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend

Municipality 2013 2014 2015 2016 2017

Brampton 00 00 00 00 00

East Gwillimbury 00 00 00 00 00

Erin 00 11 08 08 00

Espanola 03 00

Mapleton 00 00 00 00 00

Richmond Hill 00 00 00 00 00

Tiny 00

West Lincoln 00 00 00 00 00

Whitby 00 00 00 00 00

Wilmot 15 00 00 00 00

Kenora 07 07 00 00 00

North Middlesex 02 01 01

Wainfleet 03 03 03 02 01

Grimsby 00 02 01 00 01

Puslinch 00 05 04 03 02

Markham 02 02 02 02 02

Sarnia 07 06 05 02 02

Wellesley 06 04 03 01 02

Sault Ste Marie 05 04 03 03 02

Thorold 05 05 05 03 03

Saugeen Shores 05 05 04 04 03

Greater Sudbury 03 03 04 03 03

Cambridge 04 04 03 04 03

Niagara‐on‐the‐Lake 05 03 03 05 04

Penetanguishene 04

Grey Highlands 01 02 02 01 04

Mississauga 01 02 03 04 04

Georgina 00 00 00 03 04

Brock 07 06 06 05 04

Vaughan 13 12 12 10 04

Orillia 09 08 07 05 04

Fort Erie 07 07 06 06 05

Brantford 03 05

Kincardine 00 04 06 09 06

Strathroy‐Caradoc 07 07 06 07 07

Thunder Bay 09 08 08 07 07

Municipal Financial Indicators 100

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Timmins 11 10 09 08 08

Clarington 13 12 11 09 08

Tay 08

Barrie 08 08 07 08 08

Pickering 09 09 08 08 08

Hamilton 13 11 11 09 09

Cornwall 12 12 09 10 09

Windsor 11 11 09 09 09

Meaford 17 13 12 10 09

Lincoln 05 06 06 08 09

Springwater 09 10 12 11 09

Elliot Lake 11 03 06 10 09

North Dumfries 00 15 13 11 10

Chatham‐Kent 00 16 14 13 10

Caledon 19 19 14 12 10

Centre Wellington 00 15 14 10 10

London 13 13 12 11 10

St Thomas 12 13 11 10 10

North Bay 19 19 17 11 10

Brockton 10

Prince Edward County 17 15 13 10 11

Woolwich 15 14 13 10 11

Kitchener 15 14 14 00 11

Norfolk 10 11

Greenstone 27 26 24 20 11

Ingersoll 12 17 15 13 11

Orangeville 23 23 21 15 11

Halton Hills 13 15 15 13 12

Burlington 14 13 12 13 12

Owen Sound 16 17 15 15 12

Guelph 15 16 12 14 12

Brant County 13 08 19 17 13

Bracebridge 21 19 17 14 13

King 15 14 15 14 14

Brockville 22 20 16 14 14

Milton 15 13 15 15 15

Municipal Financial Indicators 101

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Oakville

Bancroft

Middlesex Centre

Haldimand

Guelph‐Eramosa

Newmarket

Parry Sound

Wellington North

Oshawa

Peterborough

Innisfil

Lambton Shores

Stratford

Huntsville

Tillsonburg

St Marys

Quinte West

Port Colborne

St Catharines

North Stormont

Collingwood

Belleville

Minto

North Perth

Welland

Whitchurch ‐ Stouffville

Kingston

Ottawa

Waterloo

Toronto

Pelham

Gravenhurst

10

25

00

26

00

00

22

19

33

25

24

34

39

00

10

00

22

00

33

08

00

47

22

43

23

30

42

41

10

76

09

23

24

24

19

31

23

19

30

21

23

28

29

31

12

19

21

00

28

14

14

37

40

28

32

39

42

11

69

16

16

15

20

22

20

25

21

18

28

20

23

26

26

27

13

12

24

00

29

14

13

29

32

39

27

31

39

39

14

60

17

15

17

17

19

20

20

19

19

21

20

22

25

24

25

19

15

24

21

26

21

20

29

30

38

29

31

36

39

19

54

15

16

16

16

16

17

17

18

18

18

19

19

19

20

20

21

21

22

23

23

23

24

25

25

27

29

29

30

33

38

46

47

Average

Median

13

10

14

12

13

12

12

10

12

10

Municipal Financial Indicators 102

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

District Muskoka

Region Durham

Region Halton

Region Peel

Region York

Region Waterloo

Region Niagara

06

09

07

14

17

18

16

05

10

06

14

19

23

16

05

09

08

12

18

23

17

05

08

08

11

20

21

27

04

06

07

09

19

24

26

Average

Median

12

14

13

14

13

12

14

11

14

09

Grey County

Elgin County

Simcoe County

Wellington County

Dufferin County

Bruce County

16

01

04

05

14

22

30

01

04

06

13

19

26

00

04

05

11

16

22

Average

Median

16

16

13

10

11

09

10

08

Municipal Financial Indicators 103

Municipal Study 2018

2017 Total and Tax Debt Charges as a of Own Source Revenues 2017 Total Debt Charges as a of Own Source

2017 Tax Debt Charges as a of Own Source

Municipality Revenues Revenues

Brampton 00 00

East Gwillimbury 00 00

Kenora 00 00

Kingston 65 00

Markham 03 00

North Perth 48 00

Richmond Hill 00 00

Timmins 36 00

Tiny 00 00

West Lincoln 00 00

Whitby 00 00

Wilmot 00 00

North Dumfries 33 01

Grimsby 02 02

Caledon 40 04

Clarington 48 04

Windsor 20 05

Thorold 06 08

Brock 10 10

Wainfleet 12 10

Georgina 33 11

Sault Ste Marie 15 12

Chatham‐Kent 54 14

Strathroy‐Caradoc 56 15

Tay 64 15

Innisfil 50 17

Wellesley 18 18

Whitchurch ‐ Stouffville 58 19

Centre Wellington 80 19

Brantford 33 23

Puslinch 23 23

Oakville 47 25

Woolwich 21 25

Halton Hills 74 25

St Thomas 30 26

Mississauga 26 26

2017 Total Debt Charges as a of Own Source

2017 Tax Debt Charges as a of Own Source

Municipality Revenues Revenues

Greater Sudbury 22 26

Penetanguishene 21 27

Elliot Lake 23 29

Thunder Bay 54 31

Vaughan 23 31

Brant County 44 31

Fort Erie 37 33

Kincardine 33 34

Niagara‐on‐the‐Lake 24 34

Orillia 29 35

Springwater 66 36

Bracebridge 36 36

Prince Edward County 71 36

Erin 32 37

Parry Sound 80 38

Espanola 30 38

North Middlesex 45 38

Cambridge 25 39

Middlesex Centre 88 39

Barrie 85 42

Kitchener 38 42

Meaford 57 43

Milton 86 43

Pickering 44 44

Grey Highlands 38 44

Lincoln 41 48

Waterloo 48 48

Newmarket 43 49

Sarnia 37 50

Hamilton 51 53

Owen Sound 89 55

Cornwall 47 55

Huntsville 55 55

Ingersoll 56 56

Peterborough 94 56

Belleville 71 56

Municipal Financial Indicators 104

Municipal Study 2018

2017 Total and Tax Debt Charges as a of Own Source Revenues (contrsquod)

Municipality

2017 Total Debt Charges as a of Own Source Revenues

2017 Tax Debt Charges as a of Own Source Revenues Municipality

2017 Total Debt Charges as a of Own Source Revenues

2017 Tax Debt Charges as a of Own Source Revenues

Oshawa 57 57 Region Peel 94 06

Norfolk 56 57 District Muskoka 61 08

Brockton 57 61 Region York 231 14

Haldimand 53 63 Region Durham 63 18

Stratford 91 64 Region Halton 55 19

Orangeville 56 64 Region Niagara 71 87

Ottawa 79 66 Region Waterloo 98 89

London 70 67 Average 96 34 North Bay 90 69 Median 71 18

Saugeen Shores 54 70

Burlington

St Marys

71

60

71

71

Grey County

Elgin County

00

04

00

04

Pelham 117 72 Wellington County 40 35

Brockville 61 73 Simcoe County 36 36

Tillsonburg 76 76 Dufferin County 60 60

Guelph 78 78 Bruce County 70 70

Quinte West 66 81 Average 35 34

North Stormont 78 84 Median 38 35

Toronto 78 87

Port Colborne 70 95

King 82 96

St Catharines 86 98

Guelph‐Eramosa 80 101

Gravenhurst 103 103

Greenstone 98 107

Collingwood 92 112

Lambton Shores 83 114

Bancroft 98 129

Wellington North 98 130

Welland 90 132

Minto 124 165

Average 51 44 Median 51 38

Municipal Financial Indicators 105

Municipal Study 2018

2017 Total Debt Outstanding Per Capita

Total Debt Tax Debt Outstanding Outstanding Per

Municipality Per Capita Capita

East Gwillimbury ‐$ ‐$

Espanola 1112 $ ‐$

Richmond Hill ‐$ ‐$

Whitby ‐$ ‐$

Wilmot ‐$ ‐$

Kenora ‐$ ‐$

Tiny 3$ 3$

Puslinch 15 $ 15 $

West Lincoln 17 $ 17 $

Wainfleet 27 $ 27 $

Markham 35 $ 35 $

Georgina 232$ 44 $

Thorold 59 $ 59 $

Wellesley 60 $ 60 $

Sault Ste Marie 171 $ 83 $

Niagara‐on‐the‐Lake 157 $ 87 $

Saugeen Shores 707$ 88 $

Brock 94 $ 94 $

Sarnia 167$ 98 $

Woolwich 135$ 124 $

Penetanguishene 128 $ 128 $

Grimsby 133$ 133 $

North Dumfries 139 $ 135 $

Brampton 137$ 137 $

Centre Wellington 807 $ 145 $

Fort Erie 261 $ 151 $

Vaughan 179 $ 158 $

Clarington 173$ 173 $

Caledon 175$ 175 $

North Middlesex 286$ 185 $

Strathroy‐Caradoc 344 $ 191 $

Greater Sudbury 460 $ 192 $

Wellington North 407 $ 192 $

Lincoln 195$ 195 $

Cambridge 292$ 198 $

Mississauga 202$ 202 $

Total Debt Tax Debt Outstanding Outstanding Per

Municipality Per Capita Capita

Springwater 240$ 240 $

Elliot Lake 244$ 244 $

Windsor 373$ 265 $

Newmarket 377$ 270 $

Tay 980$ 283 $

Meaford 572$ 288 $

Guelph‐Eramosa 559$ 293 $

Orillia 307 $ 307 $

Grey Highlands 445$ 312 $

Kincardine 312 $ 312 $

Kitchener 313 $ 313 $

Timmins 1234 $ 322 $

Pickering 325$ 325 $

Erin 348$ 348 $

Ingersoll 358$ 358 $

King 551$ 377 $

Owen Sound 961$ 380 $

Chatham‐Kent 847 $ 382 $

Huntsville 382 $ 382 $

North Stormont 382$ 382 $

Milton 412 $ 412 $

Halton Hills 433 $ 433 $

Burlington 459$ 459 $

Oshawa 472$ 472 $

Norfolk 895$ 475 $

Minto 992$ 489 $

Brockton 511$ 511 $

Prince Edward County 1600 $ 518 $

Hamilton 739 $ 523 $

Waterloo 572$ 527 $

Brantford 771$ 529 $

Barrie 2061 $ 531 $

Orangeville 1026 $ 533 $

Middlesex Centre 1178 $ 540 $

Oakville 579 $ 579 $

Innisfil 596$ 596 $

Municipal Financial Indicators 106

Municipal Study 2018

2017 Total Debt Outstanding Per Capita (contrsquod)

107Municipal Financial Indicators

Municipality

Total Debt Outstanding

Per Capita

Tax Debt Outstanding Per

Capita

Tillsonburg 601 $ 601 $

Whitchurch ‐ Stouffville 602 $ 602 $

London 778 $ 616 $

Bracebridge 641 $ 641 $

Haldimand 1000$ 657 $

Lambton Shores 1059 $ 672 $

Cornwall 910$ 684 $

St Thomas 824 $ 693 $

Bancroft 1568 $ 717 $

Welland 830$ 730$

St Catharines 783 $ 756 $

Mapleton 900$ 762 $

Guelph 788 $ 769 $

North Bay 1110$ 787 $

Collingwood 1176 $ 795 $

Brockville 1191 $ 818 $

Thunder Bay 1777 $ 868 $

Parry Sound 2076 $ 891 $

St Marys 1223 $ 1052 $

Brant County 1366 $ 1068 $

North Perth 1163 $ 1072 $

Port Colborne 1287 $ 1117 $

Quinte West 2233 $ 1136 $

Peterborough 1482 $ 1175 $

Stratford 2082 $ 1331 $

Belleville 1814 $ 1377 $

Gravenhurst 1489 $ 1489 $

Pelham 1772 $ 1707 $

Ottawa 2417 $ 1731 $

Kingston 2855 $ 1913 $

Toronto 2168 $ 2168 $

Greenstone 3335 $ 3335 $

Average 731 $ 507 $ Median 555 $ 379 $

Municipality

Total Debt Outstanding Per Capita

Tax Debt Outstanding Per

Capita

Region Durham 167 $ 132 $

District Muskoka 1063 $ 157 $

Region Peel 976$ 176 $

Region Halton 548$ 189 $

Region Niagara 733$ 589 $

Region York 2911 $ 763 $

Region Waterloo 1224 $ 854 $

Average 1089$ 408$ Median 976$ 189$

Grey County 17 $ 17 $

Simcoe County 58 $ 58 $

Elgin County 94 $ 94 $

Wellington County 114 $ 114 $

Dufferin County 280$ 280 $

Bruce County 301$ 301 $

Average 144$ 144$

Median 104$ 104$

Municipal Study 2018

2017 Debt Outstanding Per Own Source Revenues

Municipality

Debt Outstanding as a of Own Source Revenues

Cambridge 236

Municipality

Debt Outstanding as a of Own Source Revenues

Springwater 242

Strathroy‐Caradoc 258

Ingersoll 295

Newmarket 301

Guelph 306

Meaford 308

Hamilton 313

King 330

Brantford 335

Grey Highlands 346

London 350

Wellington North 351

Chatham‐Kent 358

Brockton 361

Pickering 370

Innisfil 382

Cornwall 389

Burlington 395

St Thomas 395

Saugeen Shores 399

Huntsville 402

Waterloo 411

Thunder Bay 412

Espanola 425

Erin 427

Oakville 436

Haldimand 438

Oshawa 439

Halton Hills 446

St Marys 454

North Bay 456

Owen Sound 458

Timmins 463

Milton 490

Brockville 491

Norfolk 493

East Gwillimbury 00

Kenora 00

Richmond Hill 00

Whitby 00

Wilmot 00

Tiny 02

West Lincoln 14

Puslinch 22

Wainfleet 24

Markham 34

Thorold 44

Sault Ste Marie 72

Penetanguishene 73

Niagara‐on‐the‐Lake 98

Sarnia 99

Brock 104

Wellesley 107

Orillia 127

Brampton 140

Kincardine 141

Vaughan 144

Grimsby 149

Elliot Lake 150

Caledon 152

Windsor 154

North Middlesex 163

Fort Erie 172

Woolwich 186

Greater Sudbury 187

North Dumfries 194

Mississauga 198

Georgina 205

Kitchener 206

Clarington 216

Lincoln 221

Municipal Financial Indicators 108

Municipal Study 2018

2017 Debt Outstanding Per Own Source Revenues (contrsquod)

Municipality

Debt Outstanding as a of Own Source Revenues

Tillsonburg 509

Collingwood 526

Whitchurch ‐ Stouffville 538

Lambton Shores 545

Welland 557

Orangeville 566

North Stormont 568

Brant County 587

Bracebridge 587

North Perth 596

Peterborough 605

St Catharines 652

Toronto 672

Guelph‐Eramosa 696

Parry Sound 710

Tay 716

Belleville 729

Stratford 747

Greenstone 752

Centre Wellington 784

Prince Edward County 804

Minto 808

Middlesex Centre 809

Port Colborne 827

Bancroft 858

Ottawa 888

Barrie 928

Kingston 932

Mapleton 1059

Gravenhurst 1082

Quinte West 1314

Pelham 1637

Average 409

Median 385

Municipality

Debt Outstanding as a of Own Source Revenues

Region Durham

Region Halton

District Muskoka

Region Niagara

Region Peel

Region Waterloo

Region York

114

456

530

576

911

935

2069

Average

Median

799

576

Grey County

Simcoe County

Elgin County

Wellington County

Dufferin County

Bruce County

22

90

107

235

354

388

Average

Median

199

171

Municipal Financial Indicators 109

Municipal Study 2018

Debt To Reserve RatiomdashTrend

This includes discretionary reserves and all outstanding debt as reflected on Schedules 60 and 74A of the 2017 FIRs Note Reserves excludes obligatory reserves

Municipality 2013 2014 2015 2016 2017

Orillia (33) 53 12 12 (31)

East Gwillimbury 00 00 00 ‐

Kenora 03 03 ‐

Richmond Hill ‐

Whitby 00 ‐

Wilmot 00 ‐

Tiny 00

West Lincoln 00 00 00 00 00

Thorold 01 01 01 00 00

Puslinch 02 01 01 00

Wainfleet 01 01 01 00 00

Brock 02 01 01 01 01

Markham 00 01 01 01 01

Kincardine 01 02 01 01

Wellesley 01 01 01 02 02

Penetanguishene 02

North Middlesex 04 03 02

Elliot Lake 01 01 03 02 02

Grimsby 00 02

Vaughan 03 03 03 02 02

Lincoln 02 01 01 03 02

Springwater 03 04 03 03 02

Brampton 00 04 03 03 02

Clarington 03 03 03 03 02

Niagara‐on‐the‐Lake 04 03 05 03 02

Sarnia 12 09 06 05 03

North Dumfries 10 09 06 03

Woolwich 05 05 04 03 03

Georgina 06 05 04 04 03

Wellington North 05 05 04 03

Haldimand 03 03 03

Fort Erie 08 05 04 04 03

Sault Ste Marie 04 03 03 03 04

Strathroy‐Caradoc 08 08 07 05 04

Caledon 05 05 05 05 04

Mississauga 02 02 03 03 04

Municipal Financial Indicators 110

Municipal Study 2018

Debt To Reserve RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Pickering 06 04 04 05 04

London 09 07 06 05 05

Grey Highlands 03 03 02 04 05

Windsor 06 06 05 05 05

Ingersoll 15 19 11 08 05

Brockton 05

Saugeen Shores 07 07 07 06 05

Greater Sudbury 02 02 05 05 05

Cambridge 03 03 03 04 05

Hamilton 06 06 06 07 06

Guelph 06 05 05 07 06

King 12 08 10 08 06

Lambton Shores 21 14 10 08 06

Meaford 16 13 11 08 06

Chatham‐Kent 10 08 07 06

Oakville 03 02 07 06 06

Halton Hills 12 15 11 08 06

Newmarket 10 10 10 08 06

Collingwood 11 12 09 09 06

Norfolk 05 07

Burlington 07 07 06 08 07

Erin 06 05 08 07

Milton 07 06 06 04 07

Owen Sound 08 06 06 08 07

Brantford 08

Parry Sound 08 08 08 08

Innisfil 09 08 08 11 08

Espanola 12 08

St Marys 11 08 08 09

Cornwall 05 05 05 08 09

Mapleton 05 06 09

Brant County 13 08 08 07 09

Tay 09

Centre Wellington 11 11 09 09

North Stormont 11 09

Bracebridge 07 06 08 06 10

Municipal Financial Indicators 111

Municipal Study 2018

Debt To Reserve RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Minto

Oshawa

Peterborough

Guelph‐Eramosa

North Perth

Middlesex Centre

Huntsville

North Bay

St Thomas

Kitchener

Kingston

Port Colborne

Welland

Orangeville

Belleville

Gravenhurst

Whitchurch ‐ Stouffville

Waterloo

Thunder Bay

St Catharines

Toronto

Timmins

Stratford

Brockville

Tillsonburg

Barrie

Greenstone

Prince Edward County

Bancroft

Quinte West

Ottawa

Pelham

20

08

26

19

28

08

25

13

20

36

20

24

16

13

15

13

19

09

33

22

30

42

58

31

17

58

13

08

22

09

24

14

23

08

20

13

10

20

21

15

24

13

12

17

13

20

07

30

23

25

40

50

29

20

49

17

09

15

10

10

20

20

20

23

06

18

13

07

20

14

19

24

13

13

18

21

22

16

31

21

30

32

35

22

26

52

18

13

13

10

14

14

15

17

16

06

16

12

07

16

10

18

20

14

17

20

18

21

23

27

26

31

30

32

21

32

50

37

10

10

11

12

12

12

13

13

13

13

14

14

14

14

15

16

16

16

18

19

21

22

22

24

25

27

30

30

31

31

43

164

Average

Median

11

08

11

08

10

08

10

07

10

06

Municipal Financial Indicators 112

Municipal Study 2018

Debt To Reserve RatiomdashTrend (contrsquod)

Municipality

Region Durham

Region Halton

District Muskoka

Region Peel

Region Niagara

Region York

Region Waterloo

2013

03

04

12

10

08

17

20

2014

03

04

11

10

10

17

23

2015

02

04

09

09

11

15

25

2016

01

03

07

09

12

14

24

2017

01

03

06

08

12

13

23

Average

Median

11

10

11

10

11

09

10

09

09

08

Grey County

Simcoe County

Elgin County

Wellington County

Dufferin County

Bruce County

05

01

03

08

04

13

12

00

02

05

05

09

10

00

01

03

04

07

08

Average

Median

05

05

07

06

05

05

04

03

Municipal Financial Indicators 113

Municipal Study 2018

Debt Outstanding per $100000 of Unweighted AssessmentmdashTrend

Municipality 2013 2014 2015 2016 2017

East Gwillimbury 1$ 1$ 0$ ‐$

Kenora 555$ 489 $ ‐$

Richmond Hill ‐$

Whitby ‐$

Wilmot 2$ ‐$

Tiny 1$

Puslinch 24 $ 18$ 12 $ 6$

West Lincoln 3$ 22 $ 17 $ 13 $

Markham 18 $ 22 $ 20$ 17 $ 14$

Wainfleet 42 $ 35 $ 26$ 17 $ 17 $

Wellesley 38 $ 27 $ 16$ 45 $ 36$

Thorold 108$ 98 $ 88$ 63 $ 54$

Niagara‐on‐the‐Lake 103 $ 80 $ 98$ 79 $ 60$

Brock 95 $ 86 $ 77 $ 68$ 60$

Vaughan 113$ 99 $ 75 $ 66$ 66$

North Dumfries 116 $ 102 $ 88$ 74$

Caledon 144$ 119 $ 98$ 95 $ 74$

Woolwich 125 $ 114 $ 104$ 92 $ 82 $

Grimsby 1$ 0$ 2$ 92 $

Brampton 119 $ 108 $ 97 $

Mississauga 42 $ 64 $ 84$ 95 $ 103 $

North Middlesex 207 $ 152 $ 109 $

Penetanguishene 118 $

Clarington 190$ 217 $ 181 $ 149 $ 130$

Springwater 207$ 242 $ 216 $ 188 $ 135 $

Lincoln 112$ 91 $ 99 $ 170$ 138 $

Georgina 238$ 208 $ 182 $ 182 $ 150$

Kincardine 170 $ 237 $ 201 $ 159 $

Sarnia 420$ 361 $ 283 $ 237 $ 172 $

Erin 121$ 100$ 196 $ 172 $

King 345$ 274 $ 296 $ 233 $ 178 $

Pickering 144$ 149 $ 123 $ 144$ 185 $

Sault Ste Marie 227 $ 175 $ 145 $ 122 $ 196 $

Newmarket 362$ 319 $ 281 $ 238 $ 198 $

Huntsville 312 $ 283 $ 256 $ 234$ 207 $

Grey Highlands 13$ 113 $ 93 $ 168 $ 212 $

Municipal Financial Indicators 114

Municipal Study 2018

Debt Outstanding per $100000 of Unweighted AssessmentmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Oakville 135 $ 108 $ 275 $ 238 $ 213 $

Burlington 219 $ 212 $ 210 $ 252 $ 221 $

Milton 212 $ 169 $ 234 $ 192 $ 225 $

Halton Hills 279 $ 370 $ 321 $ 279 $ 226 $

Fort Erie 347 $ 299 $ 257 $ 285 $ 233 $

Cambridge 111 $ 97 $ 143 $ 166 $ 240 $

North Stormont 259 $ 242 $

Orillia 533 $ 462 $ 395 $ 329 $ 259 $

Kitchener 481 $ 417 $ 360 $ 310 $ 270 $

Whitchurch ‐ Stouffville 427 $ 1125 $ 376 $ 321 $ 273 $

Wellington North 517 $ 468 $ 367 $ 277 $

Guelph‐Eramosa 221 $ 193 $ 324 $ 278 $

Strathroy‐Caradoc 475 $ 425 $ 367 $ 357 $ 286 $

Innisfil 577 $ 515 $ 471 $ 405 $ 333 $

Bracebridge 206 $ 188 $ 170 $ 156 $ 345 $

Waterloo 445 $ 461 $ 416 $ 373 $ 348 $

Meaford 598 $ 523 $ 455 $ 404 $ 355 $

Brockton 365 $

Ingersoll 547 $ 615 $ 536 $ 464 $ 385 $

Saugeen Shores 625 $ 550 $ 487 $ 448 $ 397 $

Oshawa 570 $ 563 $ 507 $ 485 $ 405 $

Mapleton 147$ 225 $ 421 $

Lambton Shores 740 $ 656 $ 586 $ 509 $ 431 $

Greater Sudbury 245 $ 201 $ 520 $ 491 $ 442 $

Elliot Lake 197 $ 164 $ 618 $ 556 $ 492 $

Windsor 735 $ 2773 $ 642 $ 584 $ 527 $

Centre Wellington 761 $ 688 $ 605 $ 531 $

Guelph 659 $ 554 $ 480 $ 738 $ 566 $

Gravenhurst 758 $ 707 $ 658 $ 618 $ 569 $

Middlesex Centre 921 $ 808 $ 712 $ 624 $ 573 $

Hamilton 677 $ 749 $ 637 $ 725 $ 598 $

Tillsonburg 819 $ 725 $ 649 $ 618 $ 610 $

North Perth 1078 $ 855 $ 727 $ 620 $

Norfolk 642 $

Collingwood 1077 $ 1045 $ 915 $ 818 $ 688 $

Chatham‐Kent ‐$ 1110 $ 977 $ 845 $ 710 $

Municipal Financial Indicators 115

Municipal Study 2018

Debt Outstanding per 100000 of Unweighted AssessmentmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

London

Brantford

Haldimand

St Catharines

Tay

Orangeville

Brant County

Minto

Prince Edward County

Toronto

Welland

St Thomas

North Bay

Owen Sound

St Marys

Cornwall

Brockville

Pelham

Port Colborne

Peterborough

Ottawa

Espanola

Timmins

Barrie

Bancroft

Stratford

Belleville

Thunder Bay

Parry Sound

Kingston

Quinte West

Greenstone

1052 $

595 $

625 $

782 $

1110 $

935 $

1287 $

727 $

1364 $

1100 $

802 $

978 $

234 $

1199 $

1528 $

555 $

1807 $

2300 $

1139 $

2109 $

1914 $

936 $

3515 $

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

973

573

636

865

686

1002

929

1217

659

1214

953

1426

706

1021

266

559

1185

1362

501

1744

2061

1028

1984

2078

1813

1054

3242

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

910

642

786

596

779

840

889

957

1150

576

1369

819

1288

729

875

364

766

1296

1311

1556

1027

1666

2255

1587

1941

1909

1989

1505

2979

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

799

676

771

511

700

1018

791

917

1092

586

1189

1214

1153

1176

1195

887

670

1428

1307

1648

1706

2019

2003

1979

2111

1791

2169

2913

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

740

755

759

759

789

806

846

851

966

974

1011

1036

1064

1066

1155

1181

1202

1246

1337

1414

1473

1490

1542

1589

1656

1774

1821

1926

1967

2226

2303

2555

Average

Median

616 $

507 $

$

$

608

462

$

$

590

461

$

$

602

404

$

$

579

351

Municipal Financial Indicators 116

Municipal Study 2018

Debt Outstanding per 100000 of Unweighted AssessmentmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Region Durham

Region Halton

District Muskoka

Region Peel

Region Niagara

Region Waterloo

Region York

291 $

319 $

377 $

782 $

488 $

698 $

1261 $

297 $

307 $

710 $

552 $

955 $

1339 $

249 $

315 $

315 $

642 $

623 $

926 $

1333 $

193 $

292 $

294 $

633 $

607 $

948 $

1261 $

119 $

245 $

266 $

556 $

619 $

918 $

1167 $

Average

Median

602 $

488 $

693 $

631 $

629 $

623 $

604 $

607 $

556 $

556 $

Elgin County

Dufferin County

Grey County

Simcoe County

Wellington County

Bruce County

242 $

79 $

227 $

20 $

48 $

208 $

204 $

86 $

201 $

13 $

39 $

190 $

190 $

‐$

‐$

10 $

32 $

158 $

161 $

Average

Median

242 $

242 $

131 $

141 $

120 $

138 $

60 $

21 $

Municipal Financial Indicators 117

Municipal Study 2018

Taxes Receivable as a of Taxes Levied

This ratio is a strong indicator of the strength of a local economy and the ability of residents to pay their annual taxes This is calculated using Schedule 72A of the Financial Information Returns

Formula

Taxes Receivable

Taxes Levied

Target

Credit Rating agencies consider over 8 a negative factor

Interpretations

If this percentage increases over time it may indicate a decline in the municipalityrsquos economic health

Taxes Receivable as a of Tax LeviedmdashBy Location

Taxes Receivables

SimcoeMuskDuff

North

Eastern

NiagaraHamilton

Southwest

GTA

Municipal Financial Indicators 118

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location

Municipality 2013 2014 2015 2016 2017

Mississauga

Newmarket

Burlington

Oshawa

Milton

Oakville

Markham

Halton Hills

Toronto

Clarington

Whitby

Brampton

Vaughan

Richmond Hill

Caledon

Brock

East Gwillimbury

Georgina

Pickering

Whitchurch ‐ Stouffville

King

26

40

31

26

37

38

54

60

41

54

48

60

75

00

79

123

91

76

84

74

143

27

34

33

18

45

35

49

52

43

48

45

62

51

68

106

75

79

73

75

151

27

32

28

22

32

38

46

46

40

46

44

51

53

53

87

67

65

76

84

151

23

27

28

18

34

37

42

41

42

43

39

45

47

51

55

74

58

62

75

82

118

21

23

26

28

35

36

38

40

40

45

46

50

50

54

55

67

68

70

77

80

119

GTA Average

GTA Median

60

57

58

51

55

46

49

44

51

46

Municipal Financial Indicators 119

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location (contrsquod)

Municipality 2013 2014 2015 2016 2017

Kingston 36 29 29 23 21

Peterborough 36 37 32 23 23

Belleville 27 35 26 28 28

Cornwall 40 34 36 36 42

Ottawa 35 43 47 50 52

Prince Edward County 117 109 98 105 86

Quinte West 76 79 57 65 90

North Stormont 00 00 00 119 99

Brockville 49 55 75 84 104

Bancroft 166

Eastern Average 46 47 44 59 71

Eastern Median 36 37 36 50 69

Municipality 2013 2014 2015 2016 2017

Niagara‐on‐the‐Lake

St Catharines

Lincoln

Pelham

Fort Erie

Grimsby

Welland

Port Colborne

Wainfleet

Hamilton

Thorold

West Lincoln

71

61

92

81

109

00

125

118

85

85

141

58

62

74

72

100

66

124

58

114

86

61

164

48

64

82

77

91

54

140

59

95

84

73

148

31

55

60

71

83

61

104

58

76

81

59

94

30

51

52

55

60

64

64

72

73

74

99

102

NiagaraHamilton Average

NiagaraHamilton Median

88

86

80

72

84

79

69

64

66

64

Municipal Financial Indicators 120

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location (contrsquod)

Municipality 2013 2014 2015 2016 2017

Kenora 19 23 15 13 10

Greater Sudbury 28 23 25 24 30

Parry Sound 68 67 46 34

North Bay 42 48 45 40 45

Thunder Bay 63 54 71 63 58

Espanola 52 73

Elliot Lake 34 38 42 42 79

Timmins 66 72 65 60 79

Greenstone 182 183 186 162 129

Sault Ste Marie 128 117 110 150 195

North Average 70 69 68 67 73

North Median 53 54 58 46 65

Municipality 2013 2014 2015 2016 2017

Orangeville

Barrie

Penetanguishene

Gravenhurst

Collingwood

Bracebridge

Tiny

Orillia

Innisfil

Springwater

Tay

Huntsville

52

60

137

79

130

109

90

125

141

30

63

115

85

122

114

95

117

154

19

59

88

72

103

100

102

102

157

20

50

67

61

79

81

91

90

129

11

50

59

65

73

76

83

84

85

86

92

125

SimcoeMuskDuff Average

SimcoeMuskDuff Median

103

109

99

114

89

100

74

79

74

79

Municipal Financial Indicators 121

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location (contrsquod)

Municipality 2013 2014 2015 2016 2017

Sarnia

North Perth

London

Guelph

Tillsonburg

Wilmot

Ingersoll

Stratford

Brantford

Wellesley

Woolwich

Brant County

Centre Wellington

St Marys

Puslinch

Kitchener

Brockton

Waterloo

Chatham‐Kent

North Middlesex

Kincardine

Middlesex Centre

Strathroy‐Caradoc

Saugeen Shores

Owen Sound

Cambridge

St Thomas

Lambton Shores

Meaford

Guelph‐Eramosa

North Dumfries

Wellington North

Windsor

Norfolk

Erin

Minto

Mapleton

Grey Highlands

50

25

16

16

39

41

60

51

39

54

70

57

67

53

83

48

47

90

27

85

62

98

142

23

21

19

44

47

51

48

38

42

52

55

48

52

62

48

68

67

54

81

47

40

91

21

80

79

72

60

87

97

131

104

69

146

19

26

19

22

39

33

49

44

31

46

45

48

49

46

52

49

48

69

54

59

57

45

26

74

34

82

81

66

63

75

86

108

98

63

159

15

27

26

25

30

28

45

41

37

26

48

44

45

45

23

55

39

47

60

63

61

60

44

50

73

67

79

71

67

65

78

84

83

86

83

161

16

18

20

22

26

26

35

36

37

37

38

38

40

40

43

43

44

47

48

49

50

51

53

54

55

58

60

61

61

63

63

79

83

85

86

87

101

158

Southwest Average

Southwest Median

57

53

62

54

58

49

58

50

53

49

Municipal Financial Indicators 122

Municipal Study 2018

Rates Coverage Ratio

The Rates Coverage Ratio provides a measure of the municipalityrsquos ability to cover its costs through its

own sources of revenue According to the Ministry of Municipal Affairs and Housing a basic target is 40‐60 an intermediate is 60‐90 and an advanced target is 90 or greater

OSR as a of Total

Municipality Expenditures

Cornwall 620

St Thomas 626

Parry Sound 631

Wellesley 654

Norfolk 659

Milton 677

Bancroft 692

Peterborough 712

Greater Sudbury 743

Windsor 743

Brantford 745

Elliot Lake 757

Gravenhurst 757

North Stormont 776

Wilmot 777

Chatham‐Kent 781

Hamilton 791

Stratford 805

Tiny 808

Ottawa 808

Erin 814

Timmins 816

Toronto 825

London 834

Huntsville 836

Grey Highlands 841

North Dumfries 842

Prince Edward County 844

Tay 847

Brockton 854

Greenstone 854

Minto 855

Espanola 857

Puslinch 866

Kingston 874

Port Colborne 878

OSR as a of Total

Municipality Expenditures

Brampton 882

Guelph‐Eramosa 883

Halton Hills 890

Woolwich 897

Guelph 898

Bracebridge 899

Springwater 907

Clarington 909

Saugeen Shores 909

Lambton Shores 911

Kenora 912

Thunder Bay 912

Lincoln 913

Haldimand 916

Brock 919

Centre Wellington 923

Owen Sound 924

Markham 924

Vaughan 925

Barrie 927

Sault Ste Marie 929

North Bay 932

Grimsby 936

Pelham 938

Oakville 942

Mississauga 944

North Middlesex 950

Quinte West 956

Wellington North 958

Georgina 962

Waterloo 963

St Catharines 967

Newmarket 969

Whitchurch ‐ Stouffville 973

Brockville 973

Burlington 986

Municipal Financial Indicators 123

Municipal Study 2018

Rates Coverage Ratio Contrsquod

Municipality

OSR as a of Total

Expenditures

Pickering 987

Richmond Hill 990

Welland 998

Tillsonburg 1005

Thorold 1017

Cambridge 1022

Mapleton 1022

St Marys 1023

Belleville 1024

Penetanguishene 1024

Middlesex Centre 1028

Kincardine 1032

Sarnia 1036

Ingersoll 1038

Collingwood 1044

Oshawa 1045

Niagara‐on‐the‐Lake 1047

Kitchener 1047

King 1055

Caledon 1059

Fort Erie 1062

Orillia 1071

Wainfleet 1072

Brant County 1080

Innisfil 1092

East Gwillimbury 1093

Orangeville 1096

Meaford 1140

Strathroy‐Caradoc 1146

North Perth 1172

Whitby 1181

West Lincoln 1497

Average 921

Median 923

Municipality

OSR as a of Total

Expenditures

Region Niagara

Region Peel

Region Waterloo

District Muskoka

Region York

Region Durham

Region Halton

678

699

744

811

827

844

877

Average

Median

Simcoe County

Grey County

Wellington County

Dufferin County

Bruce County

Elgin County

783

811 3

509

580

581

647

652

654

Average

Median

604

614

Municipal Financial Indicators 124

Page 4: 2018 Final Report v8 - Stratford

398

Municipal Study 2018

Sustainability

The ability to provide and maintain service and infrastructure levels without resorting to unplanned increases in rates or cuts to services

2017 Sustainability Indicators Stratford Total Survey Average

Financial Position per Capita

Tax Asset Consumption Ratio

Net Financial Liabilities Ratio

(773) $

386

03

435 $

438

(04)

Vulnerability

Addresses a municipalityrsquos vulnerability to external sources of funding that it cannot control and its exposure to risks

2017 Vulnerability Indicators Stratford Total Survey Average

Reserves

Tax Reserves (less WWW) as of Taxation

Tax Reserves as of Own Source Revenues

Tax Reserves Capita

551

374

923 $

727

523

684 $

Debt

Tax Debt Charges as of Own Source Revenues

Total Debt Outstanding Capita

Tax Debt Outstanding Capita

Debt Outstanding per Own Source Revenue

Debt to Reserve Ratio

64

2082 $

1331 $

747

22

44

731 $

507 $

409

10

Flexibility

The ability to issue debt responsibly without impacting the credit rating Also the ability to generate required revenues

2017 Flexibility Indicators Stratford Total Survey Average

Taxes Receivable as of Taxes Levied

Rates Coverage Ratio

36

805

60

921

Executive Summary

399

Municipal Study 2018

Analysis of Net Municipal Levy Per Capita and Per Assessment

In order to better understand the relative tax position for a municipality another measure that has been included in the study is a comparison of net municipal levies on a per capita and per $100000 basis This measure indicates the total net municipal levy needed to provide services to the municipality This analysis

does not indicate value for money or the effectiveness in meeting community objectives Net municipal expenditures per capita may vary as a result of

Different service levels

Variations in the types of services

Different methods of providing services

Different residentialnon‐residential assessment composition

Varying demand for services

Locational factors

Demographic differences

Socio‐economic differences

Urbanrural composition differences

User fee policies

Age of infrastructure

What is being collected from rates as opposed to property taxes

As such this analysis is not an ldquoapples to applesrdquo comparison of services but rather has been included to provide insight into the net cost of providing municipal services within each municipality Further analysis would be required to determine the cause of the differences across each spending envelope and within

each municipality This analysis was completed using the most current information available ‐ net municipal levies as per the 2018 municipal levy by‐laws and the 2018 estimated populations

2018 Stratford Total Survey Average Southwest

Net Municipal Levy per Capita

Net Municipal Levy per $100000 Unweighted CVA

1701 $

1449 $

1527 $

1111 $

1497 $

1071 $

User Fees

A number of user fees have been included in the Study including the following

2018 Fees Stratford Total Survey Average Southwest

Development Charges ‐ Single Detached

Residential Building Permit Fee

13951 $

2013 $

33411 $

2270 $

20235 $

2081 $

Executive Summary

400

Municipal Study 2018

Comparison of Tax Ratios

Tax ratios reflect how a property class tax rate compares to the residential rate Changes in tax ratios affect

the relative tax burden between classes of properties Tax ratios can be used to prevent large shifts of the tax burden caused by relative changes in assessment among property classes as well as to lower the tax

rates on a particular class or classes

2018 Tax Ratios Stratford Total Survey Average

Multi‐Residential 20000 17902

Commercial (Residual) 19759 16871

Industrial (Residual) 27584 21826

Taxes and Comparison of Relative Taxes

The purpose of this section of the report is to undertake ldquolikerdquo property comparisons across each municipality and across various property types In total there are 12 property types in the residential multi ‐residential commercial and industrial classes There are many reasons for differences in relative tax

burdens across municipalities and across property classes including but not limited to

Differences in values of like properties

Differences in the tax ratios and the use of optional classes

Non‐uniform education tax rates in the non‐residential classes

Level of service provided and the associated costs

Extent to which a municipality employs user fees

Access to other sources of revenues such as dividends from hydro utilities and casino revenues

2018 Property Taxes Stratford Total Survey Average Southwest

Detached Bungalow

2 Storey Home

Senior Executive Home

Walk Up Apartment (per Unit)

MidHigh Rise (per Unit)

Neigh Shopping (per sq ft)

Office Building (per sq ft)

Hotels (per Suite)

Motels (per Suite)

Industrial Standard (per sq ft)

Industrial Large (per sq ft)

Industrial Vacant Land (per Acre)

$

$

$

$

$

$

$

$

$

$

$

$

3526

5558

6425

1856

2177

198

319

2322

1266

137

056

1321

3397 $

4524 $

6286 $

1382 $

1715 $

363 $

304 $

1602 $

1240 $

167 $

111 $

3673 $

3093 $

4322 $

6004 $

1377 $

1771 $

333 $

297 $

1521 $

1296 $

142 $

086 $

2007 $

Executive Summary

401

Municipal Study 2018

Comparison of Water and Sewer User Costs

A comparison was made of watersewer costs in each municipality The following table summarizes the costs in the municipality for water and sewer on typical annual consumption against the overall survey average

2018 WaterSewer Cost of Service Stratford

Total Survey Average Southwest

Residential ‐ 200 m3

Commercial ‐ 10000 m3

Industrial ‐ 30000 m3

Industrial ‐ 100000 m3

Industrial ‐ 500000 m3

$

$

$

$

$

772

27162

80845

268568

1341044

1074 $

36054 $

102824 $

334031 $

1647471 $

1135 $

36709 $

104178 $

331985 $

1676956 $

2018 Property Taxes and WaterWastewater Costs as a of Income

This section of the report provides a comparison of the availability of gross household income to fund municipal services on a typical household This provides a measure of affordability within each community

2018 Affordability Indicators Stratford Total Survey Average Southwest

Property Taxes as a of Household Income

WaterSewer + Taxes as a of Household Income

45 38

54 49

36

48

Economic Development Programs

A summary was completed of programs that municipalities have implemented to promote economic

development in the areas of retention and expansion downtown development and brownfield

redevelopment

Executive Summary

1

Municipal Study 2018

Executive Summary

Municipal Study 2018

SECTION 1 Introduction

Since 2000 BMA Management Consulting Inc has annually completed a municipal comparative study on behalf of participating Ontario municipalities The Executive Summary provides an overview of the analysis

contained in the comprehensive report

The study identifies both key quantifiable indicators and selective environmental factors that should be considered as part of a comprehensive evaluation of a local municipalityrsquos financial condition Use of the study over a number of years provides trends to allow decision makers to monitor selected indicators over

time Trend analysis helps to provide interpretative context In addition context can be provided by

comparing a municipalityrsquos own experience with the experience of other municipalities

108 Ontario municipalities representing in excess of 85 of the population

Number of Populations Municipalities 100000 or greater 26

30000 ‐ 99999 27

15000 ‐ 29999 24

0 ‐ 14999 31

Total 108

The analysis was completed using the most recent information available as provided by the participating municipalities including

2018 Current Value Assessment

2018 Tax Policies

2018 Levy By‐laws

2018 Development Charges

2018 WaterSewer Rates

2017 FIRs

2018 User Fees

Economic Development Programs

Executive Summary 2

Municipal Study 2018

2018 Municipalities Included in the Study

The following provides a summary of the municipalities participating by population range

Populations 15000 or less

Populations 15000 ndash 29999

Populations 30000 ndash 99999

Populations gt100000

Bancroft

Brock

Brockton

Central Elgin

Elliot Lake

Erin

Espanola

Gravenhurst

Greenstone

Grey Highlands

Guelph‐Eramosa

Ingersoll

Kincardine

Lambton Shores

Mapleton

Meaford

Minto

North Dumfries

North Middlesex

North Perth

North Stormont

Parry Sound

Penetanguishene

Puslinch

Saugeen Shores

St Marys

Tay

Tiny

Wainfleet

Wellesley

Wellington North

Bracebridge

Brockville

Centre Wellington

Collingwood

East Gwillimbury

Grimsby

Huntsville

Kenora

King

Lincoln

Middlesex Centre

Midland

Niagara‐on‐the‐Lake

Owen Sound

Pelham

Port Colborne

Prince Edward County

Springwater

Strathroy‐Caradoc

Thorold

Tillsonburg

West Lincoln

Wilmot

Woolwich

Barrie

Brampton

Brantford

Burlington

Cambridge

Chatham‐Kent

Durham Region

Greater Sudbury

Guelph

Halton Region

Hamilton

Kingston

Kitchener

London

Markham

Milton

Mississauga

Niagara Region

Oakville

Oshawa

Ottawa

Peel Region

Richmond Hill

Simcoe County

St Catharines

Thunder Bay

Toronto

Vaughan

Waterloo Region

Waterloo

Whitby

Windsor

York Region

Aurora

Belleville

Brant

Bruce County

Caledon

Clarington

Cornwall

Fort Erie

Georgina

Grey County

Haldimand

Halton Hills

Innisfil

Muskoka District

Newmarket

Niagara Falls

Norfolk

North Bay

Orangeville

Orillia

Peterborough

Pickering

Quinte West

Sarnia

Sault Ste Marie

St Thomas

Stratford

Timmins

Welland

Wellington County

Whitchurch‐Stouffville

Executive Summary 3

Municipal Study 2018

SECTION 2 Socio‐Economic Indicators

A complete assessment of a municipalityrsquos financial condition should include consideration of socio‐economic factors Socio‐economic indicators describe and quantify a municipalityrsquos wealth and economic conditions and provide insight into a municipalityrsquos ability to generate revenue relative to the municipalitys demand for public services An evaluation of socio‐economic indicators contributes to the development of sound financial policies

Land Density

Population density indicates the number of residents living in an area (usually measured by square

kilometre) Analysis of density can provide insight into the age of a city growth patterns zoning practices and new development opportunities High population density can indicate whether a municipality may be reaching build‐out as well as service and infrastructure needs such as additional public transit or street

routes The following graph provides a summary of average population density per square kilometre by geographic location

GTA

SimcoeMuskDuff

Southwest

Eastern

NiagaraHamilton

North

Population Density per Sq Km

‐ 200 400 600 800 1000 1200

Executive Summary 4

Municipal Study 2018

Population Growth

The following graph shows the change in population from 2006‐2011 and from 2011‐2016 As shown in the graph the GTA municipalities experienced the largest population percentage growth in both periods

Northern municipalities experienced the lowest percentage of population growth

‐20

00

20

40

60

80

100

2006‐2011 2011‐2016

Household Income

Household income is one measure of a communityrsquos ability to pay While a higher relative household income is a positive indicator of the overall local economy it may lead to a greater expectation for quality programs and additional challenges in balancing desired levels of service with a willingness to pay for programs and services The average household income varies by geographic location The average household income in Northern municipalities was $84288 compared with $115474 in the GTA

Eastern

North

SimcoeMuskDuff

NiagaraHamilton

Southwest

GTA

2018 Household Income

$‐ $20000 $40000 $60000 $80000 $100000 $120000 $140000

Executive Summary 5

Municipal Study 2018

Assessment Per Capita

Property assessment is the basis upon which municipalities raise taxes A strong assessment base is critical to a municipalityrsquos ability to generate revenues Assessment per capita statistics have been compared to provide an indication of the ldquorichnessrdquo of the assessment base in each municipality Unweighted assessment provides the actual current value assessment of the properties Weighted assessment reflects the basis upon

which property taxes are levied after applying the tax ratios to the various property classes to the unweighted assessment The average assessment per capita is highest in the GTA and lowest in Northern

municipalities

GTA

SimcoeMuskDuff

Southwest

NiagaraHamilton

Eastern

North

Weighted Assessment per Capita

Unweighted Assessment per Capita

$‐ $50000 $100000 $150000 $200000 $250000

Assessment Change

Assessment growth provides an indication of how the base upon which

taxes are levied is changing over time From 2017mdash2018 the assessment increased by 62 on average across the 108 Ontario municipalities The GTA geographic area experienced the largest

increase at 98

Municipalities Grouped by Location 2014‐2015 2015‐2016 2016‐2017 2017‐2018

Eastern 41 48 24 39

North 56 50 07 41

Southwest 48 45 51 60

SimcoeMuskDuff 35 35 42 65

NiagaraHamilton 42 37 44 70

GTA 64 60 87 98

Executive Summary 6

Municipal Study 2018

Residential Properties

Residential properties were broken down by property type to provide an indication of the housing mix in each municipality The following graph reflects the average assessed values for residential properties by geographic location

Average House Value (000s)

GTA

SimcoeMuskDuff

Southwest

NiagaraHamilton

Eastern

North

$‐ $100 $200 $300 $400 $500 $600

Construction Activity

The three year average of building permits per capita were analyzed to provide a measure of relative building activity in each municipality and across the geographic locations The following reflects the results from 2015‐2017

$‐ $1000 $2000 $3000 $4000

North

Eastern

Southwest

NiagaraHamilton

SimcoeMuskDuff

GTA

Construction per Capita (3 yr avg)

Executive Summary 7

0‐25 20

Municipal Study 2018

SECTION 3 Municipal Financial Sustainability Indicators

The Financial Indicators section of the report includes a number of indicators to assist municipalities in evaluating financial condition A municipalityrsquos financial position is defined as the total fund balances including equity in business government enterprises less the amount to be recovered in future years associated with long‐term liabilities A comparison was made of each municipalityrsquos overall financial position (assets less liabilities) There is a significant range in municipal financial position per capita across

Ontario from a low of negative ($2460) to a high of $4914 per capita The following graph provides the percentage of municipalities that fall within each range

Financial Position Per Capita

less than ‐$1000 12

‐$1000‐$0 13

greater than $1000 25

$0‐$1000 50

Asset Consumption Ratio

The asset consumption ratio reflects the written down value of the tangible capital assets in relation to the

historical costs of the assets This ratio seeks to highlight the aged condition of the assets and the potential asset replacement needs A higher ratio may indicate significant replacement needs However if assets are renewed and replaced in accordance with an asset management plan a high ratio should not be a cause

for concern The following graphs reflect the ratio ranges across the survey for tax water and wastewater assets

Tax Water Wastewater

26‐50 73

51‐75 22

greater than 75 greater than 75 greater than 75 1 11 51‐75 9 0‐25 4

26‐50 70

0‐25 17 51‐75 7

26‐50 75

Executive Summary 8

0‐30 23 40

2‐3 13

Municipal Study 2018

Reserves

Reserves are a critical component of a municipalityrsquos long‐term financing plan The following graphs provide the range of reserves as a percentage of own source revenues for tax supported services water and wastewater The level of reserves required will vary for a number of reasons including

Services provided by the municipality

Age and condition of infrastructure inventory of fleet and vehicles supporting municipal operations

Level of expenditures

Internal debt and reserve policies

Targets ranges established on a reserve by reserve basis

Economic conditions and projections

Tax of OSR Water of OSR WW of OSR

greater than 90 greater than 90

8 0‐30 20 0‐30 27

greater than 90 60‐90 27 43

30‐60 11

30‐60 29

60‐90 8 30‐60 45 60‐90 19

Debt Indicators

Debt indicators can reveal increasing reliance on debt decreasing flexibility sudden large increases or decreases in future debt service and the amount of debt that a community can absorb The following graphs

summarize the debt interest ratio for tax water and wastewater to provide an understanding of the percentage of municipalities within various ranges of the debt interest ratio This ratio indicates the extent

to which a municipalityrsquos operating revenues are committed to interest expenses

Tax Water WW

greater than 3 5

0‐2 9

2‐10 8

0‐2 14

greater than

2‐10 4

0‐1 51

1‐2 31

greater than 10 82 10 83

Executive Summary 9

Municipal Study 2018

Taxes Receivable as a of Taxes Levied

Every year a percentage of property owners is unable to pay property taxes If this percentage increases over time it may indicate an overall decline in the municipalityrsquos economic health Additionally as uncollected property taxes rise liquidity decreases If the percentage of uncollected property taxes increases over time it may indicate an overall decline in the municipalityrsquos economic health The following graph provides a summary of the 2017 taxes receivable as a percentage of taxes levied in each of the geographic areas

Taxes Receivables as Taxes Levied

SimcoeMuskDuff

North

Eastern

NiagaraHamilton

Southwest

GTA

00 20 40 60 80

SECTION 4 Revenue amp Expenditure Analysis

Net Municipal Levy per Capita and per $100000 of assessment

Different service levels

Variations in the types of services

Different methods of providing services

User fee policies

Different assessment composition

Varying demand for services

Locational factors

Demographic differences

Socio‐economic differences

Urbanrural composition differences

Levy per Capita Levy per $100000 of Assesment

Eastern

Southwest

GTA

NiagaraHamilton

SimcoeMuskDuff

North

$‐ $200 $400 $600 $800 $1000 $1200 $1400 $1600 $1800 $2000

An analysis of levy per capita and per $100000 of assessment does not indicate value for money or the effectiveness in meeting

community objectives Municipal levies may vary as a result of

Net municipal levy per capita was calculated using Manifold Data Mining 2018 estimated population and the

2018 municipal levies The net levy on a per capita basis ranged from $1006 to $3038 (with an average of $1527 per capita) Net levy per $100000 of assessment is also provided The net levy on a per $100000 of unweighted assessment basis ranged across the municipalities from $538 to $2328 (with an average of $1111 per $100000 of assessment)

Executive Summary 10

Municipal Study 2018

SECTION 5 Select User Fee and Revenue Information

The Select User Fee and Revenue Information section of the report includes development charges building

permit fees tipping fees and transit fares

Development Charges

The recovery of costs by Ontario municipalities for capital infrastructure required to support new growth is governed by the Development Charges Act (1997) and supporting regulations The following table

summarizes the 2018 development charges Note some municipalities do not charge development charges

Non‐

Apartment Apartment Non‐Residential Residential 2018 Development Multiples units gt=2 units lt 2 (per Commercial (per Industrial

Charges Residential Dwelling 3+ (per unit) unit) sqft) (per sqft)

North $ 13789 7645 $ 6624 $ 6624 $ 761 $ 463 $

Eastern $ 15360 11682 $ 9562 $ 7374 $ 917 $ 543 $

Southwest $ 20235 15639 $ 12058 $ 10239 $ 795 $ 627 $

SimcoeMuskDuff $ 25843 21705 $ 16842 $ 13480 $ 920 $ 731 $

NiagaraHamilton $ 27231 19513 $ 18055 $ 11481 $ 1640 $ 854 $

GTA $ 72422 59269 $ 43903 $ 32204 $ 4265 $ 2132 $

SECTION 6 Tax Policies

The relative tax burden in each class of property will be impacted by the type of tax policies implemented in each municipality As such an analysis of the 2018 tax policies that impact the relative tax position was completed The following table summarizes the range of 2018 tax ratios across the survey

2018 Tax Ratios Average Median Min Max

Multi‐Residential 17902 18831 10000 26342

Commercial 16871 16929 11000 28476

Industrial 21826 22150 11000 47186

Executive Summary 11

Municipal Study 2018

SECTION 7 Comparison of Relative Taxes

Like property comparisons were undertaken on 12 property types that were of most interest to the participating municipalities In order to calculate the relative tax burden of ldquolikerdquo properties every effort was

made to hold constant those factors deemed to be most critical in determining a propertyrsquos assessed value There are many reasons for differences in relative tax burdens across municipalities and across property

classes These include but are not limited to the following

The values of like properties vary significantly across municipalities

The tax ratios in each class and the use of optional classes

Non‐uniform education tax rates in the non‐residential classes

Tax burdens across municipalities also vary based on the level of service provided and the associated costs

of providing these services

Extent to which a municipality employs user fees or has access to other sources of revenues such as dividends from hydro utilities gaming amp casino revenues

Residential Detached Senior Industrial Standard per Vacant Land Properties Bungalow 2 Storey Executive Properties sqft Large per sqft per acre

North $ 3153 $ 4817 6570 $ North 190 $ 100 $ 2609 $

Eastern $ 3185 $ 4401 6273 $ Eastern 148 $ 119 $ 2579 $

Southwest $ 3093 $ 4322 6004 $ Southwest 142 $ 086 $ 2007 $

SimcoeMuskDuff $ 3014 $ 4037 5703 $ SimcoeMuskDuff 131 $ 103 $ 1949 $

NiagaraHamilton $ 3518 $ 4693 6328 $ NiagaraHamilton 188 $ 090 $ 3669 $

GTA $ 4188 $ 4955 6859 $ GTA 219 $ 158 $ 8602 $

Survey Average $ 3397 $ 4524 6286 $ Survey Average 167 $ 111 $ 3673 $

Survey Median $ 3345 $ 4636 6223 $ Survey Median 169 $ 108 $ 2106 $

Neigh Multi‐Residential High Rise per Commercial Shopping per Hotel per Motel per Properties Walk Up per Unit Unit Properties Office per sqft sqft suite suite

North 1329 $ 1636 $ North 301 $ 335 $ 1417 $ 1270 $

Eastern 1561 $ 2091 $ Eastern 318 $ 399 $ 1902 $ 1420 $

Southwest 1377 $ 1771 $ Southwest 297 $ 333 $ 1521 $ 1296 $

SimcoeMuskDuff 1026 $ 1615 $ SimcoeMuskDuff 278 $ 328 $ 1848 $ 1094 $

NiagaraHamilton 1618 $ 1752 $ NiagaraHamilton 280 $ 387 $ 1870 $ 1117 $

GTA 1401 $ 1544 $ GTA 341 $ 421 $ 1417 $ 1208 $

Survey Average 1382 $ 1715 $ Survey Average 304 $ 363 $ 1602 $ 1240 $

Survey Median 1365 $ 1744 $ Survey Median 305 $ 374 $ 1467 $ 1208 $

Executive Summary 12

Municipal Study 2018

SECTION 8 Comparison of WaterSewer Costs

The establishment of water and sewer rates is a municipal responsibility and the absence of standard procedures across Ontario has resulted in the evolution of a great variety of rate structure formats There was considerable diversity across the survey in terms of the costs of watersewer and how services are

charged

Residential Commercial Industrial Industrial Industrial

Volume 200 m3

10000 m3 30000 m3

100000 m3 500000 m3

Meter Size 58 2 3 4 6

Average 1074 $ 36054 $ 102824 $ 334031 $ $ 1647471

Median 1038 $ 33087 $ 96928 $ 313040 $ $ 1541796

Min 463 $ 9626 $ 22026 $ 89898 $ 370994 $

Max 2090 $ 86527 $ 186000 $ 620000 $ $ 3100000

SECTION 9 Property Taxes and WaterWastewater as a of Income

A comparison was made of relative property tax burdens and watersewer costs on comparable properties

against the median household incomes The report also calculates the total municipal tax burden as a percentage of income available on an average household

Total Municipal Burden as a of Household Income

GTA 45

Southwest 48

North 49

NiagaraHamilton 51

SimcoeMuskDuff 54

Eastern 55

SECTION 10 Economic Development Programs

Business Retention amp Expansion Programs

DowntownArea Specific Programs

Brownfield Redevelopment

Executive Summary 13

Municipal Study 2018

IntroductionmdashMunicipal Study 2018

1

Municipal Study 2018

Introduction

For the past seventeen years BMA Management Consulting Inc has annually completed a municipal comparative study on behalf of participating Ontario municipalities This report brings together a group of indicators to give an overall snapshot for each municipality The analysis was completed using the most

recent information available as provided by the participating municipalities including

2018 current value assessment

2018 tax policies

2018 levy by‐laws

2018 development charges

2018 watersewer rates

2017 FIRs (as available)

2018 user fees

Economic development programs

To facilitate the analysis given the significant volume of information included in the report the

information is also accessible through BMArsquos online password protected database This provides the

participating municipalities with the ability to select only those municipalities that are of interest and to focus on specific areas of interest The database also provides the ability to analyze trends with data available over a five year period The database can be accessed from the BMA website wwwbmaconsultcom This information can be downloaded from the website into Excel to allow municipalities the ability to track their progress over time and to focus their analysis on specific comparators which can be incorporated into reports and presentations

For more information please feel free to contact

BMA Management Consulting Inc

139 Markland St Hamilton L8P 2K3

Phone (905) 528‐3206

Fax (905) 528‐3210

bmaonaibncom

Contacts Jim Bruzzese or Catherine Minshull

Introduction 2

Municipal Study 2018

Municipal Study Database

Introduction 3

Municipal Study 2018

Why Participate in a Study

The study identifies key financial and economic indicators and factors that should be

considered as part of a comprehensive evaluation of a municipalityrsquos financial condition

Use of the study over a number of years provides trends to allow decision makers to

monitor selected indicators over time Trend analysis helps to provide interpretative context Additional context can come from comparing a municipalityrsquos own experience with the experience of other municipalities While the study includes 108 municipalities it is recommended that the users take advantage of the online database to focus on

similar municipalities

Many of the analytical techniques included in the report are consistent with approaches used by credit

rating agencies and are also used by the International CityCounty Management Association (ICMA) The information contained in this report can help local municipalities analyze and interpret financial economic

and demographic trends Trend analysis is critical to truly understand and evaluate a municipalityrsquos financial condition and to provide early warning signals of potential or emerging financial problems

It is anticipated that the consolidation of the financial and economic indicators contained in the Municipal

Study will achieve the following goals and objectives

To help municipal decision‐makers in assessing market conditions

To understand the unique characteristics of each municipality

To understand the relationship between various controllable and uncontrollable factors in addressing a municipalityrsquos competitive opportunities and challenges

To develop a database of material that can be updated in future years to assess progress and establish targets

To create awareness of the trends and the potential need to modify policies

To assist in aligning municipal decisions in property taxation with other economic development

programs and initiatives

To assist municipalities in developing a long‐term strategy for property taxation to achieve municipal competitive objectives in targeted property classes

To create a baseline source of information that will assist municipalities in addressing specific areas of concern and to gain a better understanding of how other municipalities have addressed similar concerns

To understand the impact of reassessment and growth

To identify areas that may require further review (eg service levels user fees service delivery)

Introduction 4

Municipal Study 2018

Municipalities Represented in the Study

The following summarizes the municipalities by population range

Populations 15000 or less

Populations 15000 ndash 29999

Populations 30000 ndash 99999

Populations gt100000

Bancroft

Brock

Brockton

Central Elgin

Elliot Lake

Erin

Espanola

Gravenhurst

Greenstone

Grey Highlands

Guelph‐Eramosa

Ingersoll

Kincardine

Lambton Shores

Mapleton

Meaford

Minto

North Dumfries

North Middlesex

North Perth

North Stormont

Parry Sound

Penetanguishene

Puslinch

Saugeen Shores

St Marys

Tay

Tiny

Wainfleet

Wellesley

Wellington North

Bracebridge

Brockville

Centre Wellington

Collingwood

East Gwillimbury

Grimsby

Huntsville

Kenora

King

Lincoln

Middlesex Centre

Midland

Niagara‐on‐the‐Lake

Owen Sound

Pelham

Port Colborne

Prince Edward County

Springwater

Strathroy‐Caradoc

Thorold

Tillsonburg

West Lincoln

Wilmot

Woolwich

Barrie

Brampton

Brantford

Burlington

Cambridge

Chatham‐Kent

Durham Region

Greater Sudbury

Guelph

Halton Region

Hamilton

Kingston

Kitchener

London

Markham

Milton

Mississauga

Niagara Region

Oakville

Oshawa

Ottawa

Peel Region

Richmond Hill

Simcoe County

St Catharines

Thunder Bay

Toronto

Vaughan

Waterloo Region

Waterloo

Whitby

Windsor

York Region

Aurora

Belleville

Brant

Bruce County

Caledon

Clarington

Cornwall

Fort Erie

Georgina

Grey County

Haldimand

Halton Hills

Innisfil

Muskoka District

Newmarket

Niagara Falls

Norfolk

North Bay

Orangeville

Orillia

Peterborough

Pickering

Quinte West

Sarnia

Sault Ste Marie

St Thomas

Stratford

Timmins

Welland

Wellington County

Whitchurch‐Stouffville

Introduction 5

Municipal Study 2018

Socio‐Economic Indicators

Socio Economic Indicators 6

Municipal Study 2018

Socio‐Economic Indicators

A complete assessment of local governmentrsquos financial condition should include socio‐economic factors

Socio‐economic indicators describe and quantify a municipalityrsquos wealth and economic conditions and

provide insight into a municipalityrsquos collective ability to generate revenue relative to the municipalitys demand for public services An examination of local economic and demographic characteristics can identify the following situations

A decline in the tax base as measured by population property value employment or business activity

A need to shift public service priorities because demographic changes in the municipality

A need to shift public policies because of changes in economic conditions

An evaluation of socio‐economic factors contributes to the development of sound financial policies The

Socio‐Economic Factors section of the report includes the following information to assist municipalities in understanding some basic facts about each municipality included in the study

Population Statistics (2006‐2018)

Note Manifold Data Mining estimates for 2018 includes the undercount normally 3‐5 of population

Age Demographics

Average Household Income

Land Area and Density

Labour Statistics

Assessment Per Capita

Change in Unweighted Assessment (2013‐2018)

Assessment Composition By Class

Consolidated Unweighted and Weighted Assessment (Residential vs Non‐Residential)

Shift in Tax BurdenmdashUnweighted to Weighted Residential Assessment

Residential Properties by Type

Building Construction Activity (Residential Non‐Residential)

Socio Economic Indicators 7

Municipal Study 2018

Population Statistics 2006‐2018 (sorted highest to lowest population)

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Ottawa 812129 883391 934243 993556 88 58

Toronto 2503281 2615060 2731571 2890660 45 45

Brampton 433806 523911 593638 648883 208 133

Mississauga 668549 713443 721599 772000 67 11

London 352395 366151 383822 406751 39 48

Hamilton 504559 519949 536917 565591 31 33

Vaughan 238866 288301 306233 334499 207 62

Markham 261573 301709 328966 354135 153 90

Windsor 216473 210891 217188 228533 ‐26 30

Kitchener 204668 219153 233222 248635 71 64

Oakville 165613 182520 193832 206478 102 62

Richmond Hill 162704 185541 195022 206889 140 51

Oshawa 141590 149607 159458 170096 57 66

Burlington 164415 175779 183314 193853 69 43

Barrie 128430 135711 141434 149374 57 42

Greater Sudbury 157857 160274 161531 168518 15 08

St Catharines 131989 131400 133113 139152 ‐04 13

Guelph 114943 121688 131794 141485 59 83

Whitby 111184 122022 128377 136235 97 52

Cambridge 120371 126748 129920 136454 53 25

Milton 53889 84362 110128 119498 565 305

Kingston 117207 123363 123798 128937 53 04

Waterloo 97475 98780 104986 111868 13 63

Thunder Bay 109140 108359 107909 112042 ‐07 ‐04

Chatham‐Kent 108177 103671 101647 104889 ‐42 ‐20

Brantford 90192 93650 97496 103036 38 41

Pickering 87838 88721 91771 96747 10 34

Clarington 77820 84548 92013 98976 86 88

Niagara Falls 82184 82997 88071 93786 10 61

Newmarket 74295 79978 84224 89420 76 53

Peterborough 74898 78698 81032 85227 51 30

Sault Ste Marie 74948 75141 73368 75584 03 ‐24

Socio Economic Indicators 8

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod)

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Caledon 57050 59460 66502 72326 42 118

Sarnia 71419 72366 71594 74143 13 ‐11

Halton Hills 55289 59008 61161 64522 67 36

Norfolk 62563 63175 64044 66969 10 14

Welland 50331 50631 52293 55088 06 33

Aurora 47629 53203 55445 58618 117 42

North Bay 53966 53651 51553 52773 ‐06 ‐39

Bellevil le 48821 49454 50716 53277 13 26

Cornwall 45965 46340 46589 48556 08 05

Whitchurch‐Stouffvil le 24390 37628 45837 51571 543 218

Haldimand 45212 44876 45608 47738 ‐07 16

Georgina 42346 43517 45418 48045 28 44

Timmins 42997 43165 41788 42904 04 ‐32

Quinte West 42697 43086 43577 45533 09 11

Innisfi l 31175 33079 36566 39745 61 105

St Thomas 36110 37905 38909 40889 50 26

Stratford 30461 30886 31465 32959 14 19

Brant 34415 35638 36707 38626 36 30

Fort Erie 29925 29960 30710 32254 01 25

Orill ia 30259 30586 31166 32656 11 19

Centre Wellington 26049 26693 28191 29963 25 56

Orangevil le 26925 27975 28900 30450 39 33

King 19487 19899 24512 27703 21 232

Grimsby 23937 25325 27314 29274 58 79

East Gwill imbury 21069 22473 23991 25610 67 68

Woolwich 19658 23145 25006 26819 177 80

Lincoln 21722 22487 23787 25297 35 58

Prince Edward County 25496 25258 24735 25512 ‐09 ‐21

Collingwood 17290 19241 21793 23815 113 133

Owen Sound 21753 21688 21341 22053 ‐03 ‐16

Brockvil le 21957 21870 21346 21987 ‐04 ‐24

Wilmot 17097 19223 20545 21939 124 69

Socio Economic Indicators 9

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod)

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Huntsvil le 18280 19056 19816 20931 42 40

Strathroy‐Caradoc 19977 20978 20867 21656 50 ‐05

Thorold 18224 17931 18801 19925 ‐16 49

Springwater 17456 18223 19059 20178 44 46

Port Colborne 18599 18424 18306 18990 ‐09 ‐06

Niagara‐on‐the‐Lake 14587 15400 17511 19166 56 137

Pelham 16155 16598 17110 18010 27 31

Middlesex Centre 15589 16487 17262 18283 58 47

Bracebridge 15652 15409 16010 16903 ‐16 39

Midland 16330 16572 16864 17661 15 18

Kenora 15177 15348 15096 15597 11 ‐16

Tillsonburg 14822 15301 15872 16749 32 37

Saugeen Shores 11720 12661 13715 14724 80 83

West Lincoln 13167 13837 14500 15363 51 48

Guelph‐Eramosa 12066 13458 12854 13569 115 ‐45

North Perth 12254 12631 13130 13867 31 40

Gravenhurst 11046 11640 12311 13094 54 58

Ingersoll 11760 12146 12757 13529 33 50

Wellington North 11175 11477 11914 12576 27 38

Central Elgin 12723 12743 12607 13056 02 ‐11

Brock 11979 11341 11642 12234 ‐53 27

Tiny 10754 11232 11787 12495 44 49

Wellesley 9789 10713 11260 11944 94 51

Erin 11148 10770 11439 12185 ‐34 62

Meaford 10948 11100 10991 11386 14 ‐10

Kincardine 11173 11174 11389 11935 00 19

Lambton Shores 11150 10656 10631 11049 ‐44 ‐02

Mapleton 9851 9989 10527 11179 14 54

North Dumfries 9063 9334 10215 11012 30 94

Elliot Lake 11549 11348 10741 10930 ‐17 ‐53

Tay 9748 9736 10033 10560 ‐01 31

Grey Highlands 9480 9520 9804 10316 04 30

Socio Economic Indicators 10

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod )

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Brockton 9641 9432 9461 9852 ‐22 03

Penetanguishene 9354 9111 8962 9260 ‐26 ‐16

Minto 8504 8334 8671 9161 ‐20 40

St Marys 6617 6655 7265 7823 06 92

Puslinch 6689 7029 7336 7760 51 44

North Stormont 6769 6775 6873 7189 01 14

Parry Sound 5818 6191 6408 6756 64 35

Wainfleet 6601 6356 6372 6633 ‐37 03

North Middlesex 6740 6658 6352 6484 ‐12 ‐46

Espanola 5314 5364 4996 5051 09 ‐69

Greenstone 4906 4724 4636 4786 ‐37 ‐19

Bancroft 3838 3880 3881 4037 11 00

Survey Total 10293100 10942150 11468780 12177245 63 48

Provincial Total 12851821 13366300 13792052 14125923 40 32

Socio Economic Indicators 11

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod )

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Peel Region 1159405 1296814 1381739 1493209 119 65

York Region 892712 1032249 1109909 1188226 156 75

Durham Region 561258 608124 645862 688082 84 62

Halton Region 439256 501669 548435 584351 142 93

Waterloo Region 478121 507096 535154 568671 61 55

Niagara Region 427421 431346 447888 472938 09 38

Simcoe County 263515 279766 307050 315744 62 98

Wellington County 85482 86672 90932 96393 14 49

Bruce County 60310 60264 68147 71733 ‐01 131

Muskoka District 57563 58047 60599 64144 08 44

Grey County 89073 92568 93830 NA 39 14

Summary of Population Change by Geographic Area

The following table summarizes the average population change in percentage each of the geographic areas

2006‐2011 2011‐2016

10

8

6

4

2

0

‐2

Socio Economic Indicators 12

Municipal Study 2018

GTA Municipalitiesmdash change in population 2006‐2018

1 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006 2011

Change 2011 2016

Mississauga 668549 713443 721599 772000 67 11

Brock 11979 11341 11642 12234 ‐53 27

Pickering 87838 88721 91771 96747 10 34

Halton Hills 55289 59008 61161 64522 67 36

Aurora 47629 53203 55445 58618 117 42

Burlington 164415 175779 183314 193853 69 43

Georgina 42346 43517 45418 48045 28 44

Toronto 2503281 2615060 2731571 2890660 45 45

Richmond Hill 162704 185541 195022 206889 140 51

Whitby 111184 122022 128377 136235 97 52

Newmarket 74295 79978 84224 89420 76 53

Oakville 165613 182520 193832 206478 102 62

Vaughan 238866 288301 306233 334499 207 62

Oshawa 141590 149607 159458 170096 57 66

East Gwillimbury 21069 22473 23991 25610 67 68

Clarington 77820 84548 92013 98976 86 88

Markham 261573 301709 328966 354135 153 90

Caledon 57050 59460 66502 72326 42 118

Brampton 433806 523911 593638 648883 208 133

Whitchurch‐Stouffville 24390 37628 45837 51571 543 218

King 19487 19899 24512 27703 21 232

GTA Average 5424662 5902031 6254654 6678998 88 60

Survey Total 10293100 10942150 11468780 12177245 63 48

Milton 53889 84362 110128 119498 565 305

Socio Economic Indicators 13

Municipal Study 2018

Southwestmdash change in population 2006‐2018 5 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006 2011

Change 2011 2016

North Middlesex 6740 6658 6352 6484 ‐12 ‐46

Guelph‐Eramosa 12066 13458 12854 13569 115 ‐45

Chatham‐Kent 108177 103671 101647 104889 ‐42 ‐20

Owen Sound 21753 21688 21341 22053 ‐03 ‐16

Sarnia 71419 72366 71594 74143 13 ‐11

Central Elgin 12723 12743 12607 13056 02 ‐11

Meaford 10948 11100 10991 11386 14 ‐10

Strathroy‐Caradoc 19977 20978 20867 21656 50 ‐05

Lambton Shores 11150 10656 10631 11049 ‐44 ‐02

Brockton 9641 9432 9461 9852 ‐22 03

Norfolk 62563 63175 64044 66969 10 14

Haldimand 45212 44876 45608 47738 ‐07 16

Stratford 30461 30886 31465 32959 14 19

Kincardine 11173 11174 11389 11935 00 19

St Thomas 36110 37905 38909 40889 50 26

Cambridge 120371 126748 129920 136454 53 25

Windsor 216473 210891 217188 228533 ‐26 30

Grey Highlands 9480 9520 9804 10316 04 30

Brant 34415 35638 36707 38626 36 30

Tillsonburg 14822 15301 15872 16749 32 37

North Perth 12254 12631 13130 13867 31 40

Wellington North 11175 11477 11914 12576 27 38

Minto 8504 8334 8671 9161 ‐20 40

Brantford 90192 93650 97496 103036 38 41

Puslinch 6689 7029 7336 7760 51 44

Middlesex Centre 15589 16487 17262 18283 58 47

London 352395 366151 383822 406751 39 48

Ingersoll 11760 12146 12757 13529 33 50

Mapleton 9851 9989 10527 11179 14 54

Wellesley 9789 10713 11260 11944 94 51

Erin 11148 10770 11439 12185 ‐34 62

Centre Wellington 26049 26693 28191 29963 25 56

Waterloo 97475 98780 104986 111868 13 63

Kitchener 204668 219153 233222 248635 71 64

Wilmot 17097 19223 20545 21939 124 69

Woolwich 19658 23145 25006 26819 177 80

Guelph 114943 121688 131794 141485 59 83

Saugeen Shores 11720 12661 13715 14724 80 83

St Marys 6617 6655 7265 7823 06 92

North Dumfries 9063 9334 10215 11012 30 94

Southwest Average 1912310 1965573 2039804 2153844 28 38

Survey Total 10293100 10942150 11468780 12168981 63 48

Socio Economic Indicators 14

Municipal Study 2018

Easternmdash change in population 2006‐2018

3 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Brockville 21957 21870 21346 21987 ‐04 ‐24

Prince Edward County 25496 25258 24735 25512 ‐09 ‐21

Bancroft 3838 3880 3881 4037 11 00

Kingston 117207 123363 123798 128937 53 04

Cornwall 45965 46340 46589 48556 08 05

Quinte West 42697 43086 43577 45533 09 11

North Stormont 6769 6775 6873 7189 01 14

Belleville 48821 49454 50716 53277 13 26

Peterborough 74898 78698 81032 85227 51 30

Ottawa 812129 883391 934243 993556 88 58

Eastern Average 1199777 1282115 1336790 1413811 69 43

Survey Total 10293100 10942150 11468780 12168981 63 48

NiagaraHamiltonmdash change in population 2006‐2018

2 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Port Colborne 18599 18424 18306 18990 ‐09 ‐06

Wainfleet 6601 6356 6372 6633 ‐37 03

St Catharines 131989 131400 133113 139152 ‐04 13

Fort Erie 29925 29960 30710 32254 01 25

Pelham 16155 16598 17110 18010 27 31

Hamilton 504559 519949 536917 565591 31 33

Welland 50331 50631 52293 55088 06 33

West Lincoln 13167 13837 14500 15363 51 48

Thorold 18224 17931 18801 19925 ‐16 49

Lincoln 21722 22487 23787 25297 35 58

Niagara Falls 82184 82997 88071 93786 10 61

Grimsby 23937 25325 27314 29274 58 79

Niagara‐on‐the‐Lake 14587 15400 17511 19166 56 137

Change 2006‐2011

Change 2011‐2016

NiagaraHamilton Average 931980 951295 984805 1038529 21 35

Survey Total 10293100 10942150 11468780 12168981 63 48

Socio Economic Indicators 15

Municipal Study 2018

Northmdash change in population 2006‐2018

4 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Espanola 5314 5364 4996 5051 09 ‐69

Elliot Lake 11549 11348 10741 10930 ‐17 ‐53

North Bay 53966 53651 51553 52773 ‐06 ‐39

Timmins 42997 43165 41788 42904 04 ‐32

Sault Ste Marie 74948 75141 73368 75584 03 ‐24

Greenstone 4906 4724 4636 4786 ‐37 ‐19

Kenora 15177 15348 15096 15597 11 ‐16

Thunder Bay 109140 108359 107909 112042 ‐07 ‐04

Greater Sudbury 157857 160274 161531 168518 15 08

Parry Sound 5818 6191 6408 6756 64 35

North Average 481672 483565 478026 494941 04 ‐11

Survey Total 10293100 10942150 11468780 12168981 63 48

SimcoeMuskokaDufferinmdash change in population 2006‐2018

6 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Penetanguishene 9354 9111 8962 9260 ‐26 ‐16

Midland 16330 16572 16864 17661 15 18

Orillia 30259 30586 31166 32656 11 19

Tay 9748 9736 10033 10560 ‐01 31

Orangeville 26925 27975 28900 30450 39 33

Bracebridge 15652 15409 16010 16903 ‐16 39

Huntsville 18280 19056 19816 20931 42 40

Barrie 128430 135711 141434 149374 57 42

Springwater 17456 18223 19059 20178 44 46

Tiny 10754 11232 11787 12495 44 49

Gravenhurst 11046 11640 12311 13094 54 58

Innisfil 31175 33079 36566 39745 61 105

Collingwood 17290 19241 21793 23815 113 133

Change 2006‐2011

Change 2011‐2016

SimcoeMuskDuff Avg 342699 357571 374701 397122 43 48

Survey Total 10293100 10942150 11468780 12168981 63 48

Socio Economic Indicators 16

Municipal Study 2018

Population of Ontario Regions 2017 and 2041

The Ministry of Finance produces an updated set of population projections every year to provide a demographic outlook reflecting the most up‐to‐date trends and historical data

Ontariorsquos population is projected to grow by 302 or almost 43 million over the next 24 years from

an estimated 142 million on July 1 2017 to almost 185 million by July 1 2041

The annual rate of growth of Ontariorsquos population is projected to ease gradually from 18 to 09

over the projection period

Net migration is projected to account for 76 of all population growth in the province over the 2017ndash 2041 period with natural increase accounting for the remaining 24 In the second half of the projections the contribution of natural increase moderates as baby boomers increasingly reach senior

years and the number of deaths increases more rapidly

The number of children aged 0ndash14 is projected to increase gradually over the projection period from 22 million in 2017 to 27 million by 2041 The childrenrsquos share of population is projected to decrease gradually from 157 in 2017 to 148 by 2041

The Greater Toronto Area (GTA) is projected to be the fastest growing region of the province with its population increasing by 28 million or 408 to reach almost 97 million by 2041 The GTArsquos share of provincial population is projected to rise from 483 in 2017 to 523 in 2041

Socio Economic Indicators 17

Municipal Study 2018

Age Demographics

The age profile of a population may affect municipal expenditures For example expenditures may be

affected by seniors requiring higher public service costs and families with young children demanding

services for recreational and related programs

By 2041 there will be more people in every age group in Ontario compared to 2017 with a sharp increase in the number of seniors Baby boomers will have swelled the ranks of seniors children of the baby boom echo generation will be of school‐age and the baby boom echo cohorts along with a new generation of immigrants will have bolstered the population aged 15ndash64

The number of seniors aged 65 and over is projected to almost double from about 24 million or 167 of population in 2017 to almost 46 million or 248 by 2041 In 2015 for the first time seniors accounted for a larger share of population than children aged 0ndash14

The number of Ontarians aged 15ndash64 is projected to increase from 96 million in 2017 to 112 million by 2041 This age group is projected to decline as a share of total population from 676 in 2017 to 604 by 2041 As baby boomers continue to turn age 65 the growth in population aged 15ndash64 slows until 2027ndash28 and then accelerates over the remainder of the projection

The median age of Ontariorsquos population is projected to rise from 41 years in 2017 to 44 years in 2041 The median age for women climbs from 42 to 45 years over the projection period while for men it is projected to increase from 40 to 43 years

All regions see a shift to an older age structure The GTA is expected to remain the region with the youngest age structure as a result of strong international migration and positive natural increase

Socio Economic Indicators 18

‐ ‐

Municipal Study 2018

Age Demographics 2016 Stats Canada

Municipality 0 19 20‐44 45 64 65+ Municipality 0 19 20‐44 45‐64 65+

Bancroft 18 22 29 31 Aurora 25 30 32 13

Belleville 21 29 28 21 Brampton 27 36 25 11

Brockville 18 26 30 26 Brock 22 27 31 21

Cornwall 21 28 28 23 Burlington 23 30 28 19

Kingston 20 33 27 19 Caledon 26 29 31 13

North Stormont 24 30 31 14 Clarington 25 33 28 14

Ottawa 23 34 28 15 East Gwillimbury 23 30 32 15 Peterborough 20 31 26 22 Georgina 23 31 32 15 Prince Edward County 16 21 33 30 Halton Hills 26 29 31 13 Quinte West 22 28 30 19 King 25 29 31 15

Eastern Avg 20 28 29 22 Markham 23 32 29 15

Provincial Average 22 32 28 17 Milton 32 37 22 9

Mississauga 24 33 29 14

Newmarket

Oakville

25

27

31

29

31

30

14

15 Fort Erie 19 24 33 24

Oshawa 22 32 29 17 Grimsby 23 29 29 19

Pickering 23 31 31 15 Hamilton 22 32 28 17

Richmond Hill 24 31 31 15 Lincoln 23 27 28 21

Toronto 20 38 27 16 Niagara Falls 21 29 30 20

Vaughan 26 32 28 14 Niagara‐on‐the‐Lake 16 21 32 31

Whitby 27 32 29 13 Pelham 21 23 32 24

Whitchurch‐Stouffville 26 32 26 16 Port Colborne 19 25 32 25

St Catharines 20 31 28 22 GTA Avg 25 31 29 15

Thorold 22 33 29 16 Provincial Average 22 32 28 17

Wainfleet 22 25 34 18

Municipality 0 19 20‐44 45‐64 65+

Welland 20 29 29 21

West Lincoln 27 29 29 15

NiagaraHamilton Avg 21 27 30 21

Provincial Average 22 32 28 17

SourcemdashStats Canada Census 2016

Socio Economic Indicators 19

Elliot Lake 14 18 30 38

Espanola 19 27 32 22

Greater Sudbury 21 31 29 18

Greenstone 22 27 33 18

Kenora 21 29 31 19

North Bay 21 31 29 20

Parry Sound 18 26 29 27

Sault Ste Marie 19 28 30 22

Thunder Bay 20 31 29 20

Timmins 23 31 30 15

North Avg 20 28 30 22

Provincial Average 22 32 28 17

Municipal Study 2018

Age Demographics (contrsquod)

Municipality 0 19 20‐44 45‐64 65+

Municipality 0‐19 20‐44 45‐64 65+

Barrie 25 34 27 14

Bracebridge 19 25 31 25

Collingwood 19 26 28 26

Gravenhurst 16 24 33 28

Huntsville 20 27 32 22

Innisfil 24 30 31 15

Midland 19 26 31 25

Orangeville 26 33 27 14

Orillia 19 29 28 24

Penetanguishene 18 26 32 24

Springwater 25 28 33 15

Tay 19 26 34 21

Tiny 17 22 35 26

SimcoeMuskDuff Avg 20 27 31 21

Provincial Average 22 32 28 17

Municipality 0‐19 20‐44 45‐64 65+

Brant 23 27 31 19

Brantford 24 31 28 17

Brockton 22 26 30 21

Cambridge 25 33 28 15

Central Elgin 22 25 34 20

Centre Wellington 24 27 29 20

Chatham‐Kent 22 27 30 21

Erin 23 25 37 15

Grey Highlands 22 25 31 22

Guelph 23 36 26 15

Guelph‐Eramosa 23 26 33 17

Haldimand 23 27 31 18

Ingersoll 25 30 29 16

Kincardine 21 27 30 22

Kitchener 23 36 27 14

Lambton Shores 16 21 33 29

London 22 34 27 17

Mapleton 36 30 24 10

Meaford 18 22 32 28

Middlesex Centre 26 26 30 17

Minto 24 27 28 20

Norfolk 21 26 31 22

North Dumfries 26 28 31 14

North Middlesex 25 27 29 19

North Perth 27 30 25 18

Owen Sound 20 27 28 25

Puslinch 21 23 35 22

Sarnia 20 29 29 22

Saugeen Shores 19 27 30 24

St Marys 22 28 27 23

St Thomas 23 29 28 19

Stratford 21 29 30 21

Strathroy‐Caradoc 23 28 29 20

Tillsonburg 20 26 26 28

Waterloo 23 36 27 14

Wellesley 35 29 25 12

Wellington North 25 27 28 21

Wilmot 26 29 27 19

Windsor 22 32 28 18

Woolwich 28 30 26 17

Southwest Avg 23 28 29 19

Provincial Average 22 32 28 17 SourcemdashStats Canada Census 2016

Socio Economic Indicators 20

Municipal Study 2018

2018 Estimated Average Household Income Household income is one measure of a communityrsquos ability to pay for services While a higher relative household income is a positive indicator of the overall local economy it may lead to a greater expectation for quality programs and additional challenges in balancing desired levels of service with a willingness to pay for programs and services

Municipality

Elliot Lake $ 62158

Bancroft $ 65292

Owen Sound $ 70778

Midland $ 72919

Windsor $ 74671

Orillia $ 74970

Chatham‐Kent $ 77014

Belleville $ 77388

Niagara Falls $ 79768

Wellington North $ 80639

Fort Erie $ 81046

Quinte West $ 82770

Minto $ 83431

Tay $ 83731

Gravenhurst $ 83879

Espanola $ 84143

Greenstone $ 86104

Cornwall 62750 $

Parry Sound 67600 $

Brockville 71084 $

Welland 73910 $

St Thomas 74793 $

Port Colborne 76517 $

Tillsonburg 77240 $

Peterborough 79479 $

St Catharines 80012 $

Brantford 80735 $

North Bay 82320 $

Sault Ste Marie 82955 $

Thorold 83547 $

Penetanguishene 83774 $

Stratford 84065 $

Norfolk 84393 $

London 86126 $

Thunder Bay $ 87350

Municipality Municipality

St Marys $ 88756

Lambton Shores $ 88976

Oshawa $ 90192

North Perth $ 90553

North Stormont $ 91502

Brockton $ 92228

Prince Edward County $ 92682

Hamilton $ 93423

North Middlesex $ 94212

Kenora $ 96224

Haldimand $ 96891

Greater Sudbury $ 97604

Georgina $ 98312

Tiny $ 100784

Brampton $ 102663

Wainfleet $ 103485

Mapleton $ 107206

West Lincoln $ 107846

Strathroy‐Caradoc 88913 $

Collingwood 89612 $

Ingersoll 90487 $

Kitchener 90901 $

Kingston 91580 $

Bracebridge 92397 $

Brock 92943 $

Huntsville 94047 $

Sarnia 94588 $

Timmins 96423 $

Barrie 97290 $

Cambridge 97643 $

Guelph 100108 $

Orangeville 101444 $

Grey Highlands 102808 $

Centre Wellington 106318 $

Innisfil 107643 $

Mississauga $ 109999

Ottawa $ 111599

Lincoln $ 113606

Clarington $ 116511

Markham $ 118152

Wilmot $ 120075

Richmond Hill $ 121671

Newmarket $ 123590

Burlington $ 125873

Wellesley $ 127485

Milton $ 128664

North Dumfries $ 133048

Halton Hills $ 136293

Springwater $ 139363

Middlesex Centre $ 141189

Erin $ 142361

Aurora $ 155457

Oakville $ 179132

Central Elgin 110954 $

Brant 111853 $

Waterloo 114438 $

Grimsby 116929 $

Niagara‐on‐the‐Lake 118156 $

Saugeen Shores 120585 $

Kincardine 122567 $

Pickering 124559 $

Pelham 126655 $

Woolwich 128111 $

Whitby 128665 $

East Gwillimbury 135968 $

Guelph‐Eramosa 136490 $

Vaughan 139474 $

Whitchurch‐Stouffville 142060 $

Caledon 145664 $

Puslinch 179036 $

Meaford 87359 $ Toronto 107968 $ King 187349 $

Average $ 102194

SourcemdashManifold Data Mining Median 95406 $

Socio Economic Indicators 21

Municipal Study 2018

2018 Average Household Income by Geographic Location

The following table provides the estimated average household income in 2018 for each of the

municipalities SourcemdashManifold Data Mining summarized by geographic area

3

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Cornwall $ 62750 low

Bancroft $ 65292 low

Brockvil le $ 71084 low

Bellevil le $ 77388 low

Peterborough $ 79479 low

Quinte West $ 82770 low

North Stormont $ 91502 mid

Kingston $ 91580 mid

Prince Edward County $ 92682 mid

Ottawa $ 111599

Eastern Avg $ 82613

high

6

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Midland $ 72919 low

Orill ia $ 74970 low

Tay $ 83731 low

Penetanguishene $ 83774 low

Gravenhurst $ 83879 low

Collingwood $ 89612 mid

Bracebridge $ 92397 mid

Huntsvil le $ 94047 mid

Barrie $ 97290 mid

Tiny $ 100784 mid

Orangevil le $ 101444 mid

Innisfi l $ 107643 mid

Springwater $ 139363

SimcoeMuskDuff Avg $ 93989

high

1

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Oshawa

Brock

Georgina

Brampton

Toronto

Mississauga

Clarington

Markham

Richmond Hill

Newmarket

Pickering

Burlington

Milton

Whitby

East Gwill imbury

Halton Hills

Vaughan

Whitchurch‐Stouffvil le

Caledon

Aurora

Oakville

King

90192 $

92943 $

98312 $

102663 $

107968 $

109999 $

116511 $

118152 $

121671 $

123590 $

124559 $

125873 $

128664 $

128665 $

135968 $

136293 $

139474 $

142060 $

145664 $

155457 $

179132 $

187349 $

mid

mid

mid

mid

mid

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

GTA Avg 127780 $

Socio Economic Indicators 22

Municipal Study 2018

Average Household Income by Geographic Location (contrsquod)

2

Municipality

2018 Income Ranking

2018 Est Avg

Household Income

5

Municipality

2018

Income Ranking

2018 Est Avg

Household Income

low Welland $ 73910

low Port Colborne $ 76517

low Niagara Falls $ 79768

low St Catharines $ 80012

low Fort Erie $ 81046

low Thorold $ 83547

mid Hamilton $ 93423

mid Wainfleet $ 103485

mid West Lincoln $ 107846

Lincoln $ 113606

Grimsby $ 116929

Niagara‐on‐the‐Lake $ 118156

Pelham $ 126655

high

high

high

high

NiagaraHamilton Avg $ 96531

4

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Elliot Lake $ 62158 low

Parry Sound $ 67600 low

North Bay $ 82320 low

Sault Ste Marie $ 82955 low

Espanola $ 84143 low

Greenstone $ 86104 low

Thunder Bay $ 87350 low

Kenora $ 96224 mid

Timmins $ 96423 mid

Greater Sudbury $ 97604 mid

North Avg $ 84288

low Owen Sound $ 70778

low Windsor $ 74671

low St Thomas $ 74793

low Chatham‐Kent $ 77014

low Tillsonburg $ 77240

low Wellington North $ 80639

low Brantford $ 80735

low Minto $ 83431

low Stratford $ 84065

low Norfolk $ 84393

low London $ 86126

low Meaford $ 87359

mid St Marys $ 88756

mid Strathroy‐Caradoc $ 88913

mid Lambton Shores $ 88976

mid Ingersoll $ 90487

mid North Perth $ 90553

mid Kitchener $ 90901

mid Brockton $ 92228

mid North Middlesex $ 94212

mid Sarnia $ 94588

mid Haldimand $ 96891

mid Cambridge $ 97643

mid Guelph $ 100108

mid Grey Highlands $ 102808

mid Centre Wellington $ 106318

mid Mapleton $ 107206

Central Elgin $ 110954

Brant $ 111853

Waterloo $ 114438

Wilmot $ 120075

Saugeen Shores $ 120585

Kincardine $ 122567

Wellesley $ 127485

Woolwich $ 128111

North Dumfries $ 133048

Guelph‐Eramosa $ 136490

Middlesex Centre $ 141189

Erin $ 142361

Puslinch $ 179036

high

high

high

high

high

high

high

high

high

high

high

high

high

Southwest Avg $ 102001

Socio Economic Indicators 23

Municipal Study 2018

Summary 2018 Average Household Income by Geographic Location

GTA

Southwest

NiagaraHamilton

SimcoeMuskDuff

North

Eastern

Socio Economic Indicators 24

Municipal Study 2018

Land Area and Density

Population density indicates the number of residents living in an area (usually measured by square kilometre) Density readings can lend insight into the age of a city growth patterns zoning practices new development opportunities and the level of multi‐family unit housing High population density can also

indicate whether a municipality may be reaching build‐out as well as service and infrastructure needs such as additional public transit or street routes As stated by the Province of Ontario in their InfoSheet Planning for Intensification some of the benefits of intensification include

Using resources such as lands buildings and infrastructure more effectively

Protecting the natural environment and biodiversity by limiting urban expansion

Incorporating green features that offset and support new development

Creating active streets that promote healthier patterns of human activity

Creating economic opportunities

Reducing carbon footprint

Improving access to public transit

Enhancing community identity

Improving municipal fiscal performance

Socio Economic Indicators 25

Municipal Study 2018

Land Area and Density (sorted by population density)

Municipality Land Area

(Sq Km)

2018

Pop

Density Per Sq

Density Ranking Municipality

Land Area

(Sq Km)

2018

Pop

Density Per Sq

Density Ranking

Greenstone 2767 2 low Espanola 83 61 mid

North Middlesex 598 11 low Centre Wellington 408 74 mid

Grey Highlands 883 12 low Kenora 212 74 mid

North Stormont 516 14 low Tay 139 76 mid

Timmins 2979 14 low Strathroy‐Caradoc 271 80 mid

Ell iot Lake 715 15 low Woolwich 326 82 mid

Brockton 565 17 low King 333 83 mid

Bancroft 230 18 low Wilmot 264 83 mid

Meaford 589 19 low Saugeen Shores 171 86 mid

Mapleton 535 21 low Quinte West 494 92 mid

Kincardine 538 22 low East Gwill imbury 245 105 mid

Wellington North 526 24 low Caledon 688 105 mid

Prince Edward County 1050 24 low Pelham 126 142 mid

Gravenhurst 518 25 low Niagara‐on‐the‐Lake 133 144 mid

Bracebridge 628 27 low Innisfi l 263 151 mid

North Perth 493 28 low Lincoln 163 155 mid

Brock 423 29 low Port Colborne 122 156 mid

Huntsvil le 710 29 low Clarington 611 162 mid

Minto 301 30 low North Bay 319 165 mid

Wainfleet 217 31 low Georgina 288 167 mid

Middlesex Centre 588 31 low Fort Erie 166 194 mid

Lambton Shores 331 33 low Bellevil le 247 215 mid

Puslinch 215 36 low Halton Hills 276 234 mid

Tiny 337 37 low Thorold 83 240 mid

Springwater 536 38 low Whitchurch‐Stouffvil le 206 250 mid

Haldimand 1252 38 low Kingston 415 311 mid

West Lincoln 388 40 low Milton 363 329 mid

Erin 298 41 low Sault Ste Marie 223 339 mid

Norfolk 1608 42 low Thunder Bay 328 341 mid

Chatham‐Kent 2458 43 low Ottawa 2790 356 mid

Wellesley 278 43 low Penetanguishene 26 362 mid

Brant 843 46 low Pickering 232 418 mid

Guelph‐Eramosa 292 47 low Grimsby 69 425 mid

Central Elgin 280 47 low Niagara Falls 210 447 mid

Greater Sudbury 3228 52 low Sarnia 165 450 mid

North Dumfries 187 59 low Midland 35 500 mid

Socio Economic Indicators 26

Municipal Study 2018

Land Area and Density (sorted by population density) (contrsquod)

Municipality Land Area

(Sq Km)

2018

Pop

Density Per Sq

Density Ranking

Parry Sound 13 504

Hamilton 1117 506

St Marys 12 628

Welland 81 680

Collingwood 34 705

Til lsonburg 22 750

Cornwall 62 789

Owen Sound 24 909

Whitby 147 929

London 420 968

Burlington 186 1044

Brockvil le 21 1055

Ingersoll 13 1061

Oril l ia 29 1143

St Thomas 36 1148

Stratford 28 1165

Oshawa 146 1168

Aurora 50 1176

Vaughan 274 1193

Cambridge 113 1207

Peterborough 64 1326

Brantford 72 1422

St Catharines 96 1448

Oakvil le 139 1487

Barrie 99 1508

Windsor 146 1561

Guelph 87 1622

Markham 212 1668

Waterloo 64 1747

Kitchener 137 1818

Orangeville 16 1951

Richmond Hill 101 2046

Newmarket 38 2326

Brampton 266 2436

Mississauga 292 2640

Toronto 630 4587

Average 423 547

Median 255 164

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

Socio Economic Indicators 27

Municipal Study 2018

Land Area and Density by Geographic Location

3 2018

Population

Density Per Sq Km

Land Area (Sq Km)

Density Ranking

low North Stormont 516 14

low Bancroft 230 18

low Prince Edward County 1050 24

mid Quinte West 494 92

mid Bellevil le 247 215

mid Kingston 415 311

mid Ottawa 2790 356

Cornwall 62 789

Brockvil le 21 1055

Peterborough 64 1326

high

high

high

Eastern Avg 589 420

Median 331 263

2 Municipality

Land Area (Sq Km)

2018

Population

Density Per Sq Km

Density Ranking

low Wainfleet 217 31

low West Lincoln 388 40

mid Pelham 126 142

mid Niagara‐on‐the‐Lake 133 144

mid Lincoln 163 155

mid Port Colborne 122 156

mid Fort Erie 166 194

mid Thorold 83 240

mid Grimsby 69 425

mid Niagara Falls 210 447

Hamilton 1117 506

Welland 81 680

St Catharines 96 1448

high

high

high

NiagaraHamilton Avg 229 354

Median 133 194

1 Municipality

Land Area (Sq Km)

2018

Population

Density Per Sq Km

Density Ranking

low Brock 423 29

mid King 333 83

mid East Gwill imbury 245 105

mid Caledon 688 105

mid Clarington 611 162

mid Georgina 288 167

mid Halton Hills 276 234

mid Whitchurch‐Stouffvil le 206 250

mid Milton 363 329

mid Pickering 232 418

Whitby 147 929

Burlington 186 1044

Oshawa 146 1168

Aurora 50 1176

Vaughan 274 1193

Oakville 139 1487

Markham 212 1668

Richmond Hill 101 2046

Newmarket 38 2326

Brampton 266 2436

Mississauga 292 2640

Toronto 630 4587

high

high

high

high

high

high

high

high

high

high

high

high

GTA Avg 279 1117

Median 256 987

Socio Economic Indicators 28

Municipal Study 2018

Land Area and Density by Geographic Location (contrsquod)

4 Municipality

Land Area

(Sq Km)

2018

Population Density Per Sq Km

Density Ranking

5 Municipality

Land Area

(Sq Km)

2018

Population Density Per Sq Km

Density Ranking

low Greenstone 2767 2

low Timmins 2979 14

low Elliot Lake 715 15

low Greater Sudbury 3228 52

mid Espanola 83 61

mid Kenora 212 74

mid North Bay 319 165

mid Sault Ste Marie 223 339

mid Thunder Bay 328 341

Parry Sound 13 504 high

North Avg 1087 157

Median 324 67

6 Municipality

Density Ranking

Land Area (Sq Km)

2018

Population

Density Per Sq Km

low Gravenhurst 518 25

Bracebridge 628 27 low

low Huntsvil le 710 29

Tiny 337 37 low

low Springwater 536 38

Tay 139 76 mid

mid Innisfil 263 151

Penetanguishene 26 362 mid

mid Midland 35 500

Oril l ia 29 1143

Orangevil le 16 1951

Coll ingwood 34 705 high

high

Barrie 99 1508 high

high

SimcoeMuskDuff Avg 259 504

Median

GTA

SimcoeMuskDuff

Southwest

Eastern

NiagaraHamilton

North

139 151

Population Density Per Sq Km

0 200 400 600 800 1000 1200

low North Middlesex 598 11

low Grey Highlands 883 12

low Brockton 565 17

low Meaford 589 19

low Mapleton 535 21

low Kincardine 538 22

low Wellington North 526 24

low North Perth 493 28

low Minto 301 30

low Middlesex Centre 588 31

low Lambton Shores 331 33

low Puslinch 215 36

low Haldimand 1252 38

low Erin 298 41

low Norfolk 1608 42

low Chatham‐Kent 2458 43

low Wellesley 278 43

low Brant 843 46

low Guelph‐Eramosa 292 47

low Central Elgin 280 47

low North Dumfries 187 59

mid Centre Wellington 408 74

mid Strathroy‐Caradoc 271 80

mid Woolwich 326 82

mid Wilmot 264 83

mid Saugeen Shores 171 86

mid Sarnia 165 450

St Marys 12 628

Til lsonburg 22 750

Owen Sound 24 909

London 420 968

Ingersoll 13 1061

St Thomas 36 1148

Stratford 28 1165

Cambridge 113 1207

Brantford 72 1422

Windsor 146 1561

Guelph 87 1622

Waterloo 64 1747

Kitchener 137 1818

high

high

high

high

high

high

high

high

high

high

high

high

high

Southwest Avg 411 439

Median 286 53

Socio Economic Indicators 29

Municipal Study 2018

Labour Statistics

The labour force is defined as the number of people aged 15 and over who are employed and unemployed Labour force statistics are an important measure of the economyrsquos potential The larger the percentage of the population that enters the labour force the larger the potential output and standard of living Growth

in the labour force implies expansion potential The rate of employment of the communityrsquos citizens is a measure of and an influence on the communityrsquos ability to support its local business sector A decline in employment base or higher than average rates of unemployment can be a warning signal that overall economic activity may be declining Unemployment does not capture working age residents who are unemployed and are no longer actively seeking employment The employment rate provides a fuller picture of employment in the community

Socio Economic Indicators 30

Municipal Study 2018

Labour Statistics CMA

CMA

Employment Rate Sept

2018

Employment Change 2017 2018

Participation Rate

Participation Rate Change 2017 2018

Unemployment Rate Sept 2018

Unemployment Rate Change 2017 2018

Barrie

Brantford

Greater Sudbury

Guelph

Hamilton

Kingston

KitchenerCambridge Waterloo

London

Oshawa

Ottawa‐Gatineau

Peterborough

St Catharines‐Niagara

Thunder Bay

Toronto

Windsor

670

583

574

652

611

606

680

583

652

641

615

569

614

614

554

‐09

‐38

‐05

‐37

‐42

‐11

07

25

15

06

15

03

15

‐06

‐22

712

619

613

677

644

642

717

614

691

671

652

615

648

654

597

‐11

‐38

‐03

‐55

‐38

‐11

10

24

22

‐03

11

10

17

‐06

‐14

58

58

64

36

52

55

51

52

56

45

56

75

53

61

73

‐02

04

04

‐23

10

01

03

‐02

08

‐13

‐12

10

02

00

16

Ontario 609 ‐02 645 ‐03 57 00

Source Stats Canada

Socio Economic Indicators 31

Municipal Study 2018

32

Assessment Per Capita (Sorted by Unweighted Assessment)

Property assessment is the basis upon

which municipalities raise taxes A

strong assessment base is critical to a

municipalityrsquos ability to generate

revenues Assessment per capita

statistics have been compared to

provide an indication of the ldquorichnessrdquo of

the assessment base in each

municipality

Unweighted assessment provides the actual current value assessment of the

properties

Weighted assessment reflects the basis

upon which property taxes are levied

after applying the tax ratios to the

various property classes to the

unweighted assessment

Socio Economic Indicators

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Elliot Lake 49556 $ $ 55809 low low

Windsor 70740 $ $ 89181 low low

Espanola 74662 $ $ 95740 low low

Cornwall 77046 $ $ 101758 low low

St Thomas 79492 $ $ 94092 low low

Timmins 80049 $ $ 96701 low low

Welland 82100 $ $ 91809 low low

Sault Ste Marie 87701 $ $ 112497 low low

Owen Sound 90150 $ $ 109736 low low

Thunder Bay 92226 $ $ 114994 low low

Ingersoll 92868 $ $ 113347 low low

Bancroft 94650 $ $ 95422 low low

Port Colborne 96242 $ $ 107878 low low

Quinte West 96974 $ $ 106167 low low

Sarnia 97322 $ $ 112509 low low

Tillsonburg 98390 $ $ 116633 low low

Brockville 99130 $ $ 121702 low low

Belleville 99663 $ $ 126825 low mid

Brantford 102171 $ $ 122952 low low

St Catharines 103081 $ $ 119650 low low

Greater Sudbury 104015 $ $ 127985 low mid

North Bay 104307 $ $ 124452 low mid

Peterborough 104810 $ $ 118983 low low

London 105144 $ $ 120661 low low

Parry Sound 105525 $ $ 122599 low low

St Marys 105921 $ $ 120810 low low

Penetanguishene 108151 $ $ 111153 low low

Thorold 109101 $ $ 121396 low low

Midland 110881 $ $ 117659 low low

Kenora 111838 $ $ 132512 low mid

Fort Erie 111853 $ $ 119871 low low

Kitchener 116058 $ $ 136243 low mid

Minto 116637 $ $ 99007 low low

Oshawa 116675 $ $ 131036 low mid

Stratford 117383 $ $ 142680 low mid

Orillia 118401 $ $ 140299 low mid

Municipal Study 2018

Assessment Per Capita (Sorted by Unweighted Assessment) (contrsquod)

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Niagara Falls $ 119136 $ 145134 mid mid

Chatham‐Kent $ 119182 $ 95494 mid low

Strathroy‐Caradoc $ 120420 $ 112270 mid low

Cambridge $ 121506 $ 147676 mid mid

Hamilton $ 123694 $ 146819 mid mid

Tay $ 124259 $ 122533 mid low

Orangeville $ 127343 $ 136426 mid mid

Kingston $ 128262 $ 146747 mid mid

Barrie $ 129721 $ 139665 mid mid

Greenstone $ 130518 $ 127794 mid mid

West Lincoln $ 130985 $ 121413 mid low

Haldimand $ 131748 $ 125004 mid mid

Clarington $ 133155 $ 136930 mid mid

Guelph $ 139291 $ 165252 mid

Norfolk $ 139339 $ 123997 mid low

Brockton $ 139798 $ 106270 mid low

Brampton $ 140308 $ 149135 mid mid

Lincoln $ 141793 $ 142067 mid mid

Pelham $ 142156 $ 141412 mid mid

Grimsby $ 143810 $ 153059 mid mid

Wellington North $ 147042 $ 114949 mid low

Central Elgin $ 148557 $ 128634 mid mid

Whitby $ 150288 $ 161449 mid mid

Centre Wellington $ 152007 $ 144000 mid mid

Wainfleet $ 153135 $ 138714 mid mid

Georgina $ 154729 $ 153478 mid mid

Brock $ 155114 $ 137843 mid mid

North Stormont $ 157983 $ 105544 mid low

Wilmot $ 159381 $ 150091 mid mid

Meaford $ 161150 $ 146718 mid mid

Brant $ 161479 $ 154147 mid mid

Ottawa $ 164103 $ 194028 mid

Waterloo $ 164531 $ 194966 mid

Woolwich $ 165349 $ 166951 mid

Prince Edward County $ 165730 $ 157062 mid mid

high

high

high

high

Wellesley 167265 $ $ 136354 mid mid

Socio Economic Indicators 33

Municipal Study 2018

Assessment Per Capita (Sorted by Unweighted Assessment ) (contrsquod)

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Collingwood $ 170793 $ 177145

Pickering $ 175091 $ 187269

Springwater $ 177271 $ 165762

Saugeen Shores $ 177948 $ 174964

Innisfil $ 179107 $ 175252

Milton $ 183143 $ 197531

Huntsville $ 184033 $ 184555

Bracebridge $ 186068 $ 186348

North Perth $ 187449 $ 127259

North Dumfries $ 188250 $ 198361

Newmarket $ 190605 $ 197521

Halton Hills $ 191864 $ 202944

Mississauga $ 195204 $ 220161

Kincardine $ 196159 $ 175934

Guelph‐Eramosa $ 201118 $ 181487

Erin $ 202247 $ 186496

Middlesex Centre $ 205689 $ 155170

Burlington $ 207355 $ 234312

Grey Highlands $ 209673 $ 176167

Mapleton $ 213981 $ 135649

Whitchurch‐Stouffvill $ 220586 $ 220377

Toronto $ 222667 $ 320682

Caledon $ 236060 $ 235797

East Gwillimbury $ 240312 $ 235891

Markham $ 241816 $ 249067

Aurora $ 244870 $ 250861

Lambton Shores $ 245964 $ 216573

Niagara‐on‐the‐Lake $ 259936 $ 274476

Gravenhurst $ 261645 $ 262220

North Middlesex $ 263607 $ 135367

Richmond Hill $ 264402 $ 270035

Oakville $ 272192 $ 296552

Vaughan $ 272434 $ 286894

Puslinch $ 276942 $ 290895

Tiny $ 305257 $ 298534

King $ 310146 $ 297667

Average $ 154140 $ 156898 Median $ 141974 $ 139982

high high

high high

high high

high high

high high

high high

high high

high high

high mid

high high

high high

high high

high high

high high

high high

high high

high mid

high high

high high

high mid

high high

high high

high high

high high

high high

high high

high high

high high

high high

high mid

high high

high high

high high

high high

high high

high high

Socio Economic Indicators 34

Municipal Study 2018

Taxable Assessment Per Capita (Grouped by Location sorted by unweighted assessment)

Eastern Municipalities 3

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Cornwall 77046 $ $ 101758 low low

Bancroft 94650 $ $ 95422 low low

Quinte West 96974 $ $ 106167 low low

Brockville 99130 $ $ 121702 low low

Belleville 99663 $ $ 126825 low mid

Peterborough 104810 $ $ 118983 low low

Kingston 128262 $ $ 146747 mid mid

North Stormont 157983 $ $ 105544 mid low

Ottawa 164103 $ $ 194028 mid high

Prince Edward County 165730 $ $ 157062 mid mid

Eastern Avg 118835 $ $ 127424

Median 102236 $ $ 120342

NiagaraHamilton Municipalities

2

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Welland 82100 $ $ 91809 low low

Port Colborne 96242 $ $ 107878 low low

St Catharines 103081 $ $ 119650 low low

Thorold 109101 $ $ 121396 low low

Fort Erie 111853 $ $ 119871 low low

Niagara Falls 119136 $ $ 145134 mid mid

Hamilton 123694 $ $ 146819 mid mid

West Lincoln 130985 $ $ 121413 mid low

Lincoln 141793 $ $ 142067 mid mid

Pelham 142156 $ $ 141412 mid mid

Grimsby 143810 $ $ 153059 mid mid

Wainfleet 153135 $ $ 138714 mid mid

Niagara‐on‐the‐Lake 259936 $ $ 274476 high high

NiagaraHamilton Avg $ 132079 $ 140285

Median $ 123694 $ 138714

Socio Economic Indicators 35

Municipal Study 2018

Taxable Assessment Per Capita (contrsquod) (Grouped by Location sorted by unweighted assessment)

GTA Municipalities

1

Municipality

2018 Unweighted Assessment per Capita

2018 Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Oshawa $ 116675 $ 131036 low mid

Clarington $ 133155 $ 136930 mid mid

Brampton $ 140308 $ 149135 mid mid

Whitby $ 150288 $ 161449 mid mid

Georgina $ 154729 $ 153478 mid mid

Brock $ 155114 $ 137843 mid mid

Pickering $ 175091 $ 187269

Milton $ 183143 $ 197531

Newmarket $ 190605 $ 197521

Halton Hills $ 191864 $ 202944

Mississauga $ 195204 $ 220161

Burlington $ 207355 $ 234312

Whitchurch‐Stouffville $ 220586 $ 220377

Toronto $ 222667 $ 320682

Caledon $ 236060 $ 235797

East Gwillimbury $ 240312 $ 235891

Markham $ 241816 $ 249067

Aurora $ 244870 $ 250861

Richmond Hill $ 264402 $ 270035

Oakville $ 272192 $ 296552

Vaughan $ 272434 $ 286894

King $ 310146 $ 297667

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

GTA Avg $ 205410 $ 216974

Median $ 201279 $ 220269

Socio Economic Indicators 36

Municipal Study 2018

Taxable Assessment Per Capita (contrsquod) (Grouped by Location sorted by unweighted assessment)

Northern Municipalities 4

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Elliot Lake 49556 $ $ 55809 low low

Espanola 74662 $ $ 95740 low low

Timmins 80049 $ $ 96701 low low

Sault Ste Marie 87701 $ $ 112497 low low

Thunder Bay 92226 $ $ 114994 low low

Greater Sudbury 104015 $ $ 127985 low mid

North Bay 104307 $ $ 124452 low mid

Parry Sound 105525 $ $ 122599 low low

Kenora 111838 $ $ 132512 low mid

Greenstone 130518 $ $ 127794 mid mid

North Avg 94040 $ $ 111108

Median 98121 $ $ 118797

SimcoeMuskokaDufferin Municipalities

6

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Penetanguishene 108151 $ $ 111153 low low

Midland 110881 $ $ 117659 low low

Orillia 118401 $ $ 140299 low mid

Tay 124259 $ $ 122533 mid low

Orangeville 127343 $ $ 136426 mid mid

Barrie 129721 $ $ 139665 mid mid

Collingwood 170793 $ $ 177145 high high

Springwater 177271 $ $ 165762 high high

Innisfil 179107 $ $ 175252 high high

Huntsville 184033 $ $ 184555 high high

Bracebridge 186068 $ $ 186348 high high

Gravenhurst 261645 $ $ 262220 high high

Tiny 305257 $ $ 298534 high high

SimcoeMuskDuff Avg $ 167918 $ 170581

Median $ 170793 $ 165762

Socio Economic Indicators 37

Municipal Study 2018

Taxable Assessment Per Capita (contrsquod) (Grouped by Location sorted by unweighted assessment) Southwest Municipalities

5

Municipality

2018

Unweighted Assessment per Capita

2018 Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Windsor $ 70740 $ 89181 low low

St Thomas $ 79492 $ 94092 low low

Owen Sound $ 90150 $ 109736 low low

Ingersoll $ 92868 $ 113347 low low

Sarnia $ 97322 $ 112509 low low

Tillsonburg $ 98390 $ 116633 low low

Brantford $ 102171 $ 122952 low low

London $ 105144 $ 120661 low low

St Marys $ 105921 $ 120810 low low

Kitchener $ 116058 $ 136243 low mid

Minto $ 116637 $ 99007 low low

Stratford $ 117383 $ 142680 low mid

Chatham‐Kent $ 119182 $ 95494 mid low

Strathroy‐Caradoc $ 120420 $ 112270 mid low

Cambridge $ 121506 $ 147676 mid mid

Haldimand $ 131748 $ 125004 mid mid

Guelph $ 139291 $ 165252 mid

Norfolk $ 139339 $ 123997 mid low

Brockton $ 139798 $ 106270 mid low

Wellington North $ 147042 $ 114949 mid low

Central Elgin $ 148557 $ 128634 mid mid

Centre Wellington $ 152007 $ 144000 mid mid

Wilmot $ 159381 $ 150091 mid mid

Meaford $ 161150 $ 146718 mid mid

Brant $ 161479 $ 154147 mid mid

Waterloo $ 164531 $ 194966 mid

Woolwich $ 165349 $ 166951 mid

Wellesley $ 167265 $ 136354

high high

high mid

high high

high high

high high

high high

high mid

high high

high mid

high high

high mid

high high

mid mid

Saugeen Shores $ 177948 $ 174964

North Perth $ 187449 $ 127259

North Dumfries $ 188250 $ 198361

Kincardine $ 196159 $ 175934

Guelph‐Eramosa $ 201118 $ 181487

Erin $ 202247 $ 186496

Middlesex Centre $ 205689 $ 155170

Grey Highlands $ 209673 $ 176167

Mapleton $ 213981 $ 135649

Lambton Shores $ 245964 $ 216573

North Middlesex $ 263607 $ 135367

Puslinch $ 276942 $ 290895

high

high

high

Southwest Avg $ 152484 $ 143624

Median $ 147800 $ 135946

Socio Economic Indicators 38

‐ ‐

‐ ‐

Municipal Study 2018

Unweighted AssessmentmdashTrend

The tables on the next several pages reflect the change in unweighted assessment from 2013‐2018 The changes in assessment trends are related to new growth as well as changes in market value of existing properties The changes include the impact of reassessment as well as growth The table has been sorted

from low to high for the 2017‐2018 change in assessment

2013

2014

2014 2015

2015

2016

2016 2017

2017 2018

Ranking 2017 2018

Meaford 56 52 45 04 03 low

Owen Sound 33 25 20 ‐09 14 low

Brockvil le 47 36 62 ‐25 15 low

North Bay 61 49 51 ‐11 23 low

Elliot Lake NA 51 47 ‐10 23 low

St Marys NA NA 30 31 27 low

Windsor 14 12 14 29 27 low

Timmins 71 65 58 ‐10 29 low

Bracebridge 29 25 26 09 30 low

Peterborough 33 29 30 45 30 low

Brant 59 52 59 63 31 low

Gravenhurst 27 31 30 17 33 low

Bellevil le 33 39 29 15 36 low

Saugeen Shores 59 60 51 ‐03 36 low

Huntsville 22 28 24 14 37 low

Ottawa 78 65 72 58 38 low

Fort Erie 20 19 18 ‐02 38 low

Sarnia 21 20 23 25 38 low

London 37 46 35 47 40 low

Greater Sudbury 83 63 49 ‐10 41 low

Port Colborne 27 30 22 15 43 low

Parry Sound NA NA 27 ‐50 45 low

St Thomas 21 31 30 23 45 low

Sault Ste Marie 73 63 62 22 45 low

Prince Edward County 58 42 44 50 46 low

Quinte West 35 41 31 28 46 low

Stratford 58 40 38 33 47 low

Kingston 59 13 48 37 47 low

Greenstone 23 22 19 34 47 low

Ingersoll 09 54 32 23 48 low

Welland 28 30 19 34 49 low

Tillsonburg 36 33 26 15 50 low

Socio Economic Indicators 39

Municipal Study 2018

Unweighted AssessmentmdashTrend (contrsquod)

Socio Economic Indicators

2013 ‐

2014 2014 ‐

2015 2015 ‐

2016 2016 ‐

2017 2017 ‐

2018

Ranking 2017 ‐ 2018

Cambridge 41 38 37 43 51 mid

Kenora 67 65 61 38 51 mid

St Catharines 32 28 24 27 51 mid

Kitchener 55 61 53 53 53 mid

Central Elgin NA NA NA 36 54 mid

Collingwood NA 36 39 46 56 mid

Kincardine NA NA 54 20 56 mid

Cornwall 106 64 67 ‐14 57 mid

Strathroy‐Caradoc NA 45 42 62 57 mid

Orill ia 27 26 23 30 57 mid

Wilmot 56 53 52 49 58 mid

Erin NA NA 49 48 59 mid

Brock 37 41 37 49 59 mid

Thunder Bay 72 71 75 56 61 mid

Brantford NA NA NA NA 61 mid

Thorold 36 37 39 34 62 mid

Grey Highlands NA 69 64 37 63 mid

Orangevil le 43 41 43 46 64 mid

Lambton Shores 64 57 57 53 65 mid

Wainfleet 31 28 29 63 65 mid

Woolwich 48 53 42 64 65 mid

Pelham 34 33 40 43 65 mid

Centre Wellington NA NA 48 59 66 mid

North Dumfries 38 36 39 60 67 mid

Mississauga 57 55 51 66 67 mid

Barrie 30 33 28 75 67 mid

Guelph 43 64 38 86 67 mid

Chatham‐Kent NA NA 48 53 68 mid

Puslinch NA NA 43 20 71 mid

Guelph‐Eramosa NA NA 46 62 72 mid

Halton Hills 85 62 48 64 72 mid

Minto NA NA 46 75 73 mid

Hamilton 43 45 48 63 73 mid

Haldimand NA NA NA 51 73 mid

40

Municipal Study 2018

Unweighted AssessmentmdashTrend (contrsquod)

41Socio Economic Indicators

Lincoln 39 45 37 52 76

Middlesex Centre 73 74 66 66 78

Burlington 54 62 53 69 78

Waterloo 66 60 58 56 81

Caledon 74 71 63 73 84

Toronto 65 67 67 88 87

Grimsby 32 48 43 79 88

Brampton 77 74 73 84 88

Wellesley 65 58 50 87 89

Niagara‐on‐the‐Lake 58 97 64 74 90

Wellington North NA NA 55 93 91

Vaughan 77 75 63 90 91

Whitby 51 43 41 96 92

Clarington 73 47 44 86 93

Georgina 49 46 51 87 98

Milton 85 91 76 76 98

Oakville 68 77 69 75 100

Oshawa 38 32 38 106 102

West Lincoln 49 36 45 94 102

Newmarket 80 63 56 93 104

Whitchurch‐Stouffvil le 84 66 57 104 106

Markham 93 85 79 115 106

King 117 103 101 84 107

Mapleton NA NA 84 115 109

Niagara Falls 37 72 50 ‐09 112

Aurora 76 73 88 115 115

Richmond Hill 87 81 75 130 117

North Middlesex NA NA NA 126 118

Springwater 40 48 44 63 121

North Perth NA NA NA 126 122

Innisfil 49 47 61 80 125

Pickering 58 45 46 38 137

East Gwillimbury 88 55 46 134 159

Average 53 50 47 51 67

Median 51 48 46 52 64

2013 ‐

2014 2014 ‐

2015

2015 ‐2016

2016 ‐

2017

2017 ‐

2018

Ranking 2017 ‐ 2018

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐2018)

3

Eastern

Brockvil le 47 36 62 ‐25 15 low

Peterborough 33 29 30 45 30 low

Bellevil le 33 39 29 15 36 low

Ottawa 78 65 72 58 38 low

Prince Edward County 58 42 44 50 46 low

Quinte West 35 41 31 28 46 low

Kingston 59 13 48 37 47 low

Cornwall 106 64 67 ‐14 57 mid

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

Ranking 2017 ‐ 2018

Average 56 41 48 24 39

Median 53 40 46 33 42

2

NiagaraHamilton

Fort Erie 20 19 18 ‐02 38 low

Port Colborne 27 30 22 15 43 low

Welland 28 30 19 34 49 low

St Catharines 32 28 24 27 51 mid

Thorold 36 37 39 34 62 mid

Wainfleet 31 28 29 63 65 mid

Pelham 34 33 40 43 65 mid

Hamilton 43 45 48 63 73 mid

Lincoln 39 45 37 52 76 high

Grimsby 32 48 43 79 88 high

Niagara‐on‐the‐Lake 58 97 64 74 90 high

West Lincoln 49 36 45 94 102 high

Niagara Falls 37 72 50 ‐09 112 high

Ranking 2017 ‐ 2018

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

Average 36 42 37 44 70

Median 34 36 39 43 65

Socio Economic Indicators 42

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐2018) (contrsquod)

1

GTA

Brock

Mississauga

Halton Hills

Burlington

Caledon

Toronto

Brampton

Vaughan

Whitby

Clarington

Georgina

Milton

Oakville

Oshawa

Newmarket

Whitchurch‐Stouffvil le

Markham

King

Aurora

Richmond Hill

Pickering

East Gwill imbury

Average

Median

37

57

85

54

74

65

77

77

51

56

49

85

68

38

80

84

93

117

76

87

58

88

71

75

2013 ‐2014

41

55

62

62

71

67

74

75

43

47

46

91

77

32

63

66

85

103

73

81

45

55

64

65

2014 ‐2015

37

51

48

53

63

67

73

63

41

44

51

76

69

38

56

57

79

101

88

75

46

46

60

57

2015 ‐2016

49

66

64

69

73

88

84

90

96

86

87

76

75

106

93

104

115

84

115

130

38

134

87

86

2016 ‐2017

59 mid

67 mid

72 mid

78 high

84 high

87 high

88 high

91 high

92 high

93 high

98 high

98 high

100 high

102 high

104 high

106 high

106 high

107 high

115 high

117 high

137 high

159 high

98

98

2017 ‐2018

Ranking 2017 ‐ 2018

Socio Economic Indicators 43

‐ ‐ ‐ ‐ ‐

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐18) (contrsquod)

5

Southwest

2013

2014 2014 2015

2015

2016 2016

2017 2017

2018 Ranking 2017 2018

Meaford 56 52 45 04 03 low

Owen Sound 33 25 20 ‐09 14 low

St Marys NA NA 30 31 27 low

Windsor 14 12 14 29 27 low

Brant 59 52 59 63 31 low

Saugeen Shores 59 60 51 ‐03 36 low

Sarnia 21 20 23 25 38 low

London 37 46 35 47 40 low

St Thomas 21 31 30 23 45 low

Stratford 58 40 38 33 47 low

Ingersoll 09 54 32 23 48 low

Tillsonburg 36 33 26 15 50 low

Cambridge 41 38 37 43 51 mid

Kitchener 55 61 53 53 53 mid

Central Elgin NA NA NA 36 54 mid

Kincardine NA NA 54 20 56 mid

Strathroy‐Caradoc NA 45 42 62 57 mid

Wilmot 56 53 52 49 58 mid

Erin NA NA 49 48 59 mid

Brantford NA NA NA NA 61 mid

Grey Highlands NA 69 64 37 63 mid

Lambton Shores 64 57 57 53 65 mid

Woolwich 48 53 42 64 65 mid

Centre Wellington NA NA 48 59 66 mid

North Dumfries 38 36 39 60 67 mid

Guelph 43 64 38 86 67 mid

Chatham‐Kent NA NA 48 53 68 mid

Puslinch NA NA 43 20 71 mid

Guelph‐Eramosa NA NA 46 62 72 mid

Minto NA NA 46 75 73 mid

Haldimand NA NA NA 51 73 mid

Middlesex Centre 73 74 66 66 78

Waterloo 66 60 58 56 81

Wellesley 65 58 50 87 89

Wellington North NA NA 55 93 91

Mapleton NA NA 84 115 109

North Middlesex NA NA NA 126 118

North Perth NA NA NA 126 122

Average 45 48 45 51 60

Median 48 52 46 51 60

high

high

high

high

high

high

high

Socio Economic Indicators 44

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐18) (contrsquod)

4

North

North Bay 61 49 51 ‐11 23 low

Elliot Lake NA 51 47 ‐10 23 low

Timmins 71 65 58 ‐10 29 low

Greater Sudbury 83 63 49 ‐10 41 low

Parry Sound NA NA 27 ‐50 45 low

Sault Ste Marie 73 63 62 22 45 low

Greenstone 23 22 19 34 47 low

Kenora 67 65 61 38 51 mid

Thunder Bay 72 71 75 56 61 mid

Ranking 2017 ‐ 2018

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

6

SimcoeMuskDuff

Bracebridge 29 25 26 09 30 low

Gravenhurst 27 31 30 17 33 low

Huntsvil le 22 28 24 14 37 low

Collingwood NA 36 39 46 56 mid

Orill ia 27 26 23 30 57 mid

Orangevil le 43 41 43 46 64 mid

Barrie 30 33 28 75 67 mid

Springwater 40 48 44 63 121 high

Innisfi l 49 47 61 80 125 high

Ranking 2017 ‐ 2018

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

Average 64 56 50 07 41

Median 71 63 51 ‐10 45

Average 33 35 35 42 65

Median 29 33 30 46 57

Socio Economic Indicators 45

Municipal Study 2018

2018 Unweighted Assessment Composition (Sorted Alphabetically)

Municipality Residential Multi‐

Residential Commercial Industrial Pipelines Farmlands Forests

Aurora 876 09 95 18 01 01 00

Bancroft 746 46 181 07 00 05 15

Barrie 764 41 170 21 02 02 00

Belleville 708 55 192 27 04 14 00

Bracebridge 877 14 87 11 05 01 05

Brampton 809 19 135 33 02 02 00

Brant 702 04 49 40 04 200 01

Brantford 757 43 150 43 02 04 00

Brock 754 08 40 10 02 182 03

Brockton 571 19 57 07 02 341 02

Brockville 761 65 145 25 04 00 00

Burlington 789 37 140 27 02 04 00

Caledon 793 02 105 35 01 57 07

Cambridge 752 44 149 51 02 03 00

Central Elgin 732 01 36 05 03 220 01

Centre Wellington 774 10 51 16 02 145 02

Chatham‐Kent 508 14 70 15 08 384 00

Clarington 858 09 67 21 04 39 02

Collingwood 842 18 122 16 01 01 00

Cornwall 684 55 236 20 03 02 00

East Gwillimbury 867 03 68 12 02 46 02

Elliot Lake 805 76 105 06 08 00 00

Erin 804 02 32 12 01 144 06

Espanola 836 16 111 30 05 01 02

Fort Erie 885 11 72 13 04 15 00

Georgina 903 12 55 03 02 25 01

Gravenhurst 908 09 71 03 07 01 02

Greater Sudbury 801 40 130 23 03 01 00

Greenstone 264 06 159 11 559 00 00

Grey Highlands 703 03 23 22 01 235 14

Grimsby 884 07 78 11 02 18 00

Guelph 786 46 124 42 02 00 00

Guelph‐Eramosa 757 02 42 11 02 184 01

Haldimand 739 07 46 27 11 169 01

Halton Hills 834 09 94 30 01 30 01

Hamilton 820 41 100 16 04 19 00

Socio Economic Indicators 46

Municipal Study 2018

2018 Unweighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Municipality Residential Multi‐

Residential Commercial Industrial Pipelines Farmlands Forests

Huntsville 860 09 104 12 09 01 05

Ingersoll 810 19 101 66 03 01 00

Innisfil 871 02 64 08 04 51 01

Kenora 823 17 119 21 20 01 00

Kincardine 628 09 104 46 00 212 02

King 886 02 35 08 03 64 03

Kingston 764 80 138 11 03 04 00

Kitchener 794 67 124 14 00 01 00

Lambton Shores 715 07 55 07 02 213 00

Lincoln 775 06 61 28 05 124 00

London 815 37 124 12 02 09 00

Mapleton 415 01 18 19 05 540 03

Markham 848 10 123 16 01 02 00

Meaford 806 18 28 02 05 133 09

Middlesex Centre 594 03 28 03 31 340 01

Midland 758 40 168 29 02 02 00

Milton 819 07 115 35 05 18 02

Minto 608 05 66 23 02 295 01

Mississauga 727 37 198 37 01 00 00

Newmarket 840 15 122 21 01 00 00

Niagara Falls 695 27 256 11 04 07 00

Niagara‐on‐the‐Lake 747 03 147 09 03 89 00

Norfolk 700 07 57 12 06 215 04

North Bay 766 46 156 18 13 00 00

North Dumfries 702 02 87 54 42 111 01

North Middlesex 303 04 18 07 07 658 04

North Perth 441 06 57 19 02 475 00

North Stormont 494 04 26 05 02 468 02

Oakville 845 19 115 18 01 01 00

Orangeville 834 20 129 16 01 00 00

Orillia 755 55 171 16 02 00 00

Oshawa 792 58 125 19 02 04 00

Ottawa 756 54 170 10 02 08 00

Owen Sound 750 70 162 14 03 01 00

Parry Sound 727 37 222 11 02 01 00

Pelham 895 07 34 01 06 56 01

Socio Economic Indicators 47

Municipal Study 2018

2018 Unweighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Multi‐

Municipality Residential Residential Commercial Industrial Pipelines Farmlands Forests

Penetanguishene 895 22 59 20 03 01 01

Peterborough 783 73 129 13 02 01 00

Pickering 829 08 122 21 02 18 00

Port Colborne 829 21 73 43 05 28 00

Prince Edward County 847 14 46 06 01 84 02

Puslinch 791 01 78 48 03 73 06

Quinte West 767 26 146 16 08 37 01

Richmond Hill 892 12 83 12 01 01 00

Sarnia 774 39 125 32 07 23 00

Saugeen Shores 885 16 56 01 02 39 01

Sault Ste Marie 780 54 145 16 04 00 00

Springwater 842 02 36 09 06 99 05

St Catharines 789 51 136 14 02 08 00

St Marys 828 16 79 68 03 07 00

St Thomas 827 40 94 31 03 04 00

Stratford 792 46 123 32 02 04 00

Strathroy‐Caradoc 706 23 71 25 22 151 01

Tay 920 00 40 05 03 27 05

Thorold 803 47 82 33 11 23 00

Thunder Bay 791 40 153 13 03 00 00

Tillsonburg 824 33 100 35 03 06 00

Timmins 801 20 147 26 05 02 00

Tiny 945 02 12 01 03 31 05

Toronto 745 67 175 13 01 00 00

Vaughan 787 03 155 52 01 02 00

Wainfleet 813 00 20 04 05 156 01

Waterloo 746 94 137 20 01 00 00

Welland 854 37 85 15 04 04 00

Wellesley 595 01 24 44 02 332 02

Wellington North 524 11 54 23 02 384 02

West Lincoln 751 03 35 16 13 181 01

Whitby 860 21 97 16 02 04 00

Whitchurch‐Stouffville 888 06 65 17 01 22 02

Wilmot 786 08 40 11 03 150 01

Windsor 758 40 158 39 04 02 00

Woolwich 697 09 99 33 03 158 01

Average 766 23 99 20 09 80 01 Median 789 16 98 16 03 14 00 Min 264 00 12 01 00 00 00 Max 945 94 256 68 559 658 15

Socio Economic Indicators 48

Municipal Study 2018

Top 10 Municipalities With Highest Proportion of Unweighted Assessment Per Type of Assessment

Municipality Residential

Tiny 945

Tay 920

Gravenhurst 908

Georgina 903

Pelham 895

Penetanguishene 895

Richmond Hill 892

Whitchurch‐Stouffville 888

King 886

Saugeen Shores 885

Municipality Industrial

St Marys 68

Ingersoll 66

North Dumfries 54

Vaughan 52

Cambridge 51

Puslinch 48

Kincardine 46

Wellesley 44

Port Colborne 43

Brantford 43

Municipality Multi‐Residential

Waterloo 94

Kingston 80

Elliot Lake 76

Peterborough 73

Owen Sound 70

Toronto 67

Kitchener 67

Brockville 65

Oshawa 58

Orillia 55

Municipality Pipelines

Greenstone 559

North Dumfries 42

Middlesex Centre 31

Strathroy‐Caradoc 22

Kenora 20

West Lincoln 13

North Bay 13

Thorold 11

Haldimand 11

Huntsville 09

Municipality Commercial

Niagara Falls 256

Cornwall 236

Parry Sound 222

Mississauga 198

Belleville 192

Bancroft 181

Toronto 175

Orillia 171

Barrie 170

Ottawa 170

Municipality Farmlands

North Middlesex 658

Mapleton 540

North Perth 475

North Stormont 468

Chatham‐Kent 384

Wellington North 384

Brockton 341

Middlesex Centre 340

Wellesley 332

Minto 295

Socio Economic Indicators 49

Municipal Study 2018

2018 Weighted Assessment Composition (Sorted Alphabetically)

Municipality Residential Multi‐

Residential Commercial Industrial Pipelines Farmlands Forests

Aurora 855 09 112 23 01 00 00

Bancroft 740 52 195 08 00 01 04

Barrie 709 38 224 26 02 00 00

Belleville 556 102 286 49 04 03 00

Bracebridge 876 14 94 10 04 00 01

Brampton 761 30 163 44 02 00 00

Brant 735 07 96 103 07 50 00

Brantford 629 65 223 79 03 01 00

Brock 848 18 64 24 03 41 01

Brockton 751 25 92 16 02 112 01

Brockville 620 94 228 53 05 00 00

Burlington 698 65 179 55 02 01 00

Caledon 794 04 139 51 01 10 02

Cambridge 619 62 237 80 02 01 00

Central Elgin 846 03 69 14 05 64 00

Centre Wellington 817 20 79 40 04 38 00

Chatham‐Kent 633 36 172 40 12 106 00

Clarington 834 17 93 43 05 08 01

Collingwood 812 22 144 20 02 00 00

Cornwall 518 96 343 39 04 00 00

East Gwillimbury 883 03 83 17 01 12 01

Elliot Lake 715 135 138 07 05 00 00

Erin 872 04 51 30 02 39 02

Espanola 652 25 166 153 04 00 00

Fort Erie 826 20 113 31 06 04 00

Georgina 910 12 66 04 01 06 00

Gravenhurst 906 09 77 03 05 00 00

Greater Sudbury 651 61 207 75 05 00 00

Greenstone 270 12 227 28 463 00 00

Grey Highlands 836 05 35 49 01 70 04

Grimsby 831 12 124 26 03 04 00

Guelph 663 69 191 75 03 00 00

Guelph‐Eramosa 839 05 69 29 06 51 00

Haldimand 779 14 81 64 17 44 00

Halton Hills 789 17 128 59 01 06 00

Hamilton 691 86 165 48 07 03 00

Huntsville 858 09 112 13 06 00 01

Socio Economic Indicators 50

Municipal Study 2018

2018 Weighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Municipality Residential Multi

Residential Commercial Industrial Pipelines Farmlands Forests

Ingersoll 664 37 156 140 03 00 00

Innisfil 890 03 79 10 05 13 00

Kenora 695 22 214 44 25 00 00

Kincardine 700 10 142 89 00 59 00

King 923 02 44 11 03 17 01

Kingston 668 70 236 23 03 01 00

Kitchener 676 97 204 22 00 00 00

Lambton Shores 812 13 100 17 04 55 00

Lincoln 774 11 103 71 09 31 00

London 710 58 207 20 04 01 00

Mapleton 655 03 41 70 16 213 01

Markham 823 10 145 21 01 01 00

Meaford 885 28 39 04 05 36 03

Middlesex Centre 788 06 43 08 44 113 00

Midland 714 48 196 38 03 00 00

Milton 760 12 153 66 05 03 00

Minto 716 11 115 64 06 87 00

Mississauga 645 47 256 51 01 00 00

Newmarket 811 15 144 29 01 00 00

Niagara Falls 571 43 356 23 05 01 00

Niagara‐on‐the‐Lake 708 06 239 20 06 21 00

Norfolk 787 14 107 22 10 60 01

North Bay 642 80 244 21 12 00 00

North Dumfries 666 05 159 97 47 26 00

North Middlesex 590 12 39 22 15 321 02

North Perth 648 15 104 52 05 175 00

North Stormont 740 06 60 15 04 175 01

Oakville 776 35 151 36 01 00 00

Orangeville 779 45 146 30 01 00 00

Orillia 637 66 269 22 06 00 00

Oshawa 706 96 160 35 02 01 00

Ottawa 640 63 275 19 03 01 00

Owen Sound 616 104 248 24 07 00 00

Parry Sound 626 47 312 13 02 00 00

Pelham 900 14 59 03 11 14 00

Penetanguishene 871 27 71 27 04 00 00

Peterborough 690 116 173 19 02 00 00

Socio Economic Indicators 51

Municipal Study 2018

2018 Weighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Multi‐

Municipality Residential Residential Commercial Industrial Pipelines Farmlands Forests

Pickering 775 14 164 41 02 03 00

Port Colborne 739 37 112 96 08 06 00

Prince Edward County 893 21 53 09 01 22 00

Puslinch 753 02 111 110 06 17 01

Quinte West 700 48 202 34 07 08 00

Richmond Hill 873 12 99 15 01 00 00

Sarnia 669 67 186 66 08 04 00

Saugeen Shores 900 16 70 02 02 10 00

Sault Ste Marie 608 46 253 85 06 00 00

Springwater 901 02 47 13 09 26 01

St Catharines 680 83 202 30 03 02 00

St Marys 726 15 106 147 05 02 00

St Thomas 698 79 154 65 03 01 00

Stratford 651 74 200 70 03 01 00

Strathroy‐Caradoc 757 44 86 47 25 41 00

Tay 933 00 48 07 04 07 01

Thorold 722 58 126 71 17 05 00

Thunder Bay 634 75 258 25 07 00 00

Tillsonburg 695 65 159 76 03 01 00

Timmins 663 29 246 52 09 00 00

Tiny 966 03 16 02 04 08 01

Toronto 517 114 343 25 01 00 00

Vaughan 747 03 178 70 01 00 00

Wainfleet 898 01 37 11 10 43 00

Waterloo 630 112 223 32 01 00 00

Welland 764 64 129 35 07 01 00

Wellesley 729 03 58 105 03 102 00

Wellington North 671 27 103 70 07 123 01

West Lincoln 810 07 64 44 25 49 00

Whitby 801 36 130 30 02 01 00

Whitchurch‐Stouffville 889 06 76 22 01 05 00

Wilmot 835 16 82 23 04 40 00

Windsor 601 63 248 82 06 00 00

Woolwich 690 14 190 63 04 39 00

Average 741 35 146 42 10 25 00 Median 737 21 141 31 04 03 00 Min 270 00 16 02 00 00 00 Max 966 135 356 153 463 321 04

Socio Economic Indicators 52

Municipal Study 2018

2018 Shift In Tax BurdenmdashUnweighted to Weighted Residential Assessment

As shown in the table tax ratios typically shift the burden from residential to non‐residential properties

Approximately 64 of the municipalities surveyed have a decrease in tax burden on the Residential class as a result of tax ratios for non‐residential classes greater than 10 The implementation of tax ratios to the assessment base for municipalities with a larger proportion of farmland and managed forest results in an increase in the residential burden

Municipality

Residential Unweighted Assessment

Residential Weighted Assessment

Change Unweighted to Weighted Municipality

Residential Unweighted Assessment

Residential Weighted Assessment

Change Unweighted to Weighted

Toronto 745 517 ‐306 Oshawa 792 706 ‐110

Cornwall 684 518 ‐243 Port Colborne 829 739 ‐108

Sault Ste Marie 780 608 ‐220 Welland 854 764 ‐106

Espanola 836 652 ‐220 Thorold 803 722 ‐101

Belleville 708 556 ‐214 Quinte West 767 700 ‐87

Windsor 758 601 ‐207 Oakville 845 776 ‐82

Thunder Bay 791 634 ‐198 Milton 819 760 ‐73

Greater Sudbury 801 651 ‐187 Barrie 764 709 ‐71

Brockville 761 620 ‐185 Whitby 860 801 ‐69

Ingersoll 810 664 ‐181 Fort Erie 885 826 ‐67

Niagara Falls 695 571 ‐179 Orangeville 834 779 ‐67

Owen Sound 750 616 ‐178 Pickering 829 775 ‐65

Stratford 792 651 ‐177 Grimsby 884 831 ‐60

Cambridge 752 619 ‐177 Brampton 809 761 ‐59

Timmins 801 663 ‐172 Midland 758 714 ‐58

Brantford 757 629 ‐169 Halton Hills 834 789 ‐55

North Bay 766 642 ‐162 Niagara‐on‐the‐Lake 747 708 ‐53

Hamilton 820 691 ‐158 North Dumfries 702 666 ‐51

Guelph 786 663 ‐157 Vaughan 787 747 ‐50

Tillsonburg 824 695 ‐157 Puslinch 791 753 ‐48

St Thomas 827 698 ‐157 Collingwood 842 812 ‐36

Waterloo 746 630 ‐156 Newmarket 840 811 ‐35

Orillia 755 637 ‐156 Markham 848 823 ‐29

Kenora 823 695 ‐156 Clarington 858 834 ‐28

Ottawa 756 640 ‐154 Penetanguishene 895 871 ‐27

Kitchener 794 676 ‐148 Aurora 876 855 ‐24

Parry Sound 727 626 ‐139 Richmond Hill 892 873 ‐21

St Catharines 789 680 ‐138 Woolwich 697 690 ‐10

Sarnia 774 669 ‐135 Bancroft 746 740 ‐08

London 815 710 ‐129 Huntsville 860 858 ‐03

Kingston 764 668 ‐126 Gravenhurst 908 906 ‐02

St Marys 828 726 ‐123 Lincoln 775 774 ‐02

Peterborough 783 690 ‐119 Bracebridge 877 876 ‐02

Burlington 789 698 ‐115 Whitchurch‐Stouffville 888 889 01

Mississauga 727 645 ‐113

Elliot Lake 805 715 ‐112

Caledon 793 794 01

Pelham 895 900 05

Socio Economic Indicators 53

Municipal Study 2018

2018 Shift In Tax BurdenmdashUnweighted to Weighted Residential Assessment (contrsquod)

Municipality

Residential

Unweighted Assessment

Residential Weighted Assessment

Change Unweighted to Weighted

Georgina 903 910 08

Tay 920 933 14

Saugeen Shores 885 900 17

East Gwillimbury 867 883 19

Greenstone 264 270 21

Innisfil 871 890 22

Tiny 945 966 23

King 886 923 42

Brant 702 735 47

Haldimand 739 779 54

Prince Edward County 847 893 55

Centre Wellington 774 817 56

Wilmot 786 835 62

Springwater 842 901 69

Strathroy‐Caradoc 706 757 73

West Lincoln 751 810 79

Erin 804 872 84

Meaford 806 885 98

Wainfleet 813 898 104

Guelph‐Eramosa 757 839 108

Kincardine 628 700 115

Norfolk 700 787 124

Brock 754 848 125

Lambton Shores 715 812 136

Central Elgin 732 846 155

Minto 608 716 178

Grey Highlands 703 836 190

Wellesley 595 729 226

Chatham‐Kent 508 633 248

Wellington North 524 671 279

Brockton 571 751 315

Middlesex Centre 594 788 326

North Perth 441 648 471

North Stormont 494 740 497

Mapleton 415 655 577

North Middlesex 303 590 947

Average 766 741 ‐16 Median 789 737 ‐51 Min 264 270 ‐306 Max 945 966 947

Socio Economic Indicators 54

Municipal Study 2018

Residential Property Types Summary

Residential properties were broken down by the main property types to provide an indication of the housing mix and the median assessment values in each of the area

(000rsquos)

Area Single Family Detached

Home Link

Freehold Town

Semi Detached

Single on Water

Condo Seasonal

Weighted Median Assessed

Values

Total Average 357$ 300 $ 285 $ 253 $ 673 $ 228 $ 405 $ 342 $

Total Median 281$ 256 $ 264 $ 208 $ 550 $ 216 $ 362 $ 306 $

GTA Average 636 $ 452 $ 424 $ 422 $ $ 1181 322 $ 506 $ 556 $

GTA Median 600 $ 450 $ 410 $ 426 $ 718 $ 321 $ 486 $ 538 $

NiagaraHamilton Average 305 $ 270 $ 280 $ 214 $ 598 $ 208 $ 449 $ 299 $

NiagaraHamilton Median 279 $ 278 $ 277 $ 202 $ 538 $ 204 $ 510 $ 309 $

Eastern Average 252 $ 236 $ 234 $ 189 $ 449 $ 202 $ 264 $ 248 $

Eastern Median 224 $ 238 $ 227 $ 169 $ 343 $ 203 $ 242 $ 220 $

North Average 180$ 184 $ 163 $ 134 $ 330 $ 184 $ 233 $ 185 $

North Median 197 $ 192 $ 168 $ 130 $ 303 $ 196 $ 200 $ 203 $

Southwest Average 308 $ 240 $ 231 $ 227 $ 627 $ 190 $ 401 $ 301 $

Southwest Median 264 $ 221 $ 231 $ 198 $ 551 $ 184 $ 362 $ 272 $

SimcoeMuskDuff Average 293 $ 238 $ 271 $ 214 $ 661 $ 244 $ 581 $ 330 $

SimcoeMuskDuff Median 272 $ 230 $ 266 $ 200 $ 655 $ 244 $ 528 $ 326 $

The weighted median assessed value for residential properties range from an average of $185000 in northern municipalities to $556000 in the GTA

Socio Economic Indicators 55

Municipal Study 2018

Building Construction Activity (sorted from lowest to highest 2017 activity per capita)

The table summarizes the 2017 residential and non‐residential building permit values in each area

municipality To put these values into context the building permit value per capita is also summarized to get an appreciation of the relative building activity in each municipality The chart is sorted from lowest to highest based on building permit value per capita for 2017

Non Res 2017 per Municipality Res 2017 2017 Capita

East Gwillimbury 98 2 223 $

Chatham‐Kent 94 6 374 $

Greenstone 76 24 482 $

Elliot Lake 78 22 486 $

Cornwall 52 48 621 $

Espanola 68 32 814 $

Georgina 87 13 1174 $

Haldimand 0 100 1175 $

Thunder Bay 32 68 1280 $

Bancroft 57 43 1285 $

Timmins 22 78 1287 $

Sault Ste Marie 37 63 1365 $

St Catharines NA NA 1411 $

Port Colborne 82 18 1447 $

Grimsby 82 18 1451 $

Sarnia 40 60 1454 $

Whitby 52 48 1459 $

Tillsonburg 84 16 1476 $

Parry Sound 73 27 1506 $

Windsor 39 61 1549 $

Hamilton 64 36 1550 $

North Bay 36 64 1603 $

Kenora 58 42 1625 $

Mississauga 41 59 1636 $

Markham 41 59 1644 $

Richmond Hill 0 0 1756 $

Peterborough 53 47 1758 $

Brockton 0 100 1776 $

Mapleton 57 43 1857 $

Owen Sound 33 67 1966 $

Brantford 53 47 1968 $

Kitchener 66 34 2004 $

Norfolk 65 35 2087 $

Brant 53 47 2133 $

Ingersoll 91 9 2144 $

Brampton 88 12 2231 $

Non Res 2017 per Municipality Res 2017 2017 Capita

Greater Sudbury 25 75 2279 $

Belleville 0 100 2290 $

Caledon 75 25 2298 $

Lincoln 61 39 2309 $

St Marys NA NA 2366 $

North Stormont 71 29 2392 $

Guelph‐Eramosa 78 22 2444 $

St Thomas 80 20 2550 $

Orillia 77 23 2560 $

Penetanguishene 98 2 2601 $

Stratford 50 50 2646 $

Quinte West 76 24 2684 $

Whitchurch‐Stouffville 78 22 2695 $

Ottawa 66 34 2723 $

Wainfleet 80 20 2724 $

Fort Erie 70 30 2731 $

London 74 26 2763 $

North Middlesex 23 77 2790 $

Barrie 68 32 2826 $

Wellesley 37 63 2834 $

Cambridge 44 56 2838 $

Waterloo 69 31 2860 $

Bracebridge 43 57 2879 $

Welland 39 61 2942 $

Newmarket 70 30 2943 $

Wellington North 29 71 3001 $

Wilmot 60 40 3030 $

Burlington 60 40 3031 $

Tay 95 5 3043 $

Guelph 57 43 3066 $

Strathroy‐Caradoc 100 0 3072 $

Pickering NA NA 3085 $

Kingston 31 69 3105 $

Woolwich 52 48 3109 $

Minto 59 41 3140 $

Orangeville 40 60 3232 $

Socio Economic Indicators 56

Municipal Study 2018

Building Construction Activity (sorted from lowest to highest 2017 activity per capita) (contrsquod)

Municipality Res 2017 Non Res 2017

2017 per Capita

Erin

Tiny

Oshawa

Meaford

Huntsville

Clarington

Lambton Shores

Middlesex Centre

Grey Highlands

Brockville

Thorold

Collingwood

North Dumfries

Centre Wellington

Toronto

Kincardine

Saugeen Shores

Brock

Gravenhurst

West Lincoln

Halton Hills

Vaughan

Pelham

North Perth

Oakville

Puslinch

Niagara‐on‐the‐Lake

Innisfil

Springwater

King

Milton

78

100

NA

66

85

87

66

72

54

6

96

94

51

78

45

39

93

92

92

36

46

48

87

53

74

95

50

89

90

18

78

22

0

NA

34

15

13

34

28

46

94

4

6

49

22

55

61

7

8

8

64

54

52

13

47

26

5

50

11

10

82

22

3233 $

3570 $

3612 $

3822 $

3833 $

3835 $

4197 $

4246 $

4431 $

4443 $

4554 $

4567 $

4573 $

4646 $

4957 $

5155 $

5209 $

5278 $

5279 $

5544 $

5633 $

5705 $

5788 $

5842 $

5984 $

6175 $

6989 $

6997 $

7164 $

7317 $

7857 $

Average

Median

58

60

36

34

3033 $

2731 $

Socio Economic Indicators 57

Municipal Study 2018

Building Construction Activity Trend (Grouped by Location) Eastern

Municipality 2015 2016 2017

Cornwall 37426 $ 16405 $ 30149 $ 585 $

Bancroft 4537 $ 5644 $ 5186 $ 1269 $

Peterborough 108954 $ 108954 $ 149806 $ 1470 $

Brockville 13202 $ 17010 $ 97688 $ 1943 $

Belleville 63472 $ 121538 $ 122013 $ 1975 $

Kingston 160298 $ 218600 $ 400313 $ 2030 $

North Stormont 12129 $ 18723 $ 17196 $ 2228 $

Ottawa 2138273 $ 2646159 $ 2705350 $ 2590 $

Quinte West 113611 $ 141395 $ 122200 $ 2827 $

Prince Edward County 77834 $ 83204 $ NA 3194 $

Eastern Average 294656 $ 366048 $ 405545 $ 1880 $

Eastern Median 63472 $ 108954 $ 122013 $ 1975 $

Building Construction Value (000s)

3 Year Per Capita Avg

GTA Municipality 2015 2016 2017

East Gwillimbury 71000 $ NA 5706 $ 1578 $

Whitby 173069 $ 280107 $ 198721 $ 1643 $

Mississauga 1285935 $ 1455510 $ 1262657 $ 1775 $

Richmond Hill 284097 $ 613200 $ 363325 $ 2084 $

Markham 818093 $ 883308 $ 582098 $ 2234 $

Georgina 150765 $ 104777 $ 56405 $ 2263 $

Pickering 141842 $ 210728 $ 298448 $ 2290 $

Whitchurch‐Stouffville 80000 $ 140000 $ 139000 $ 2440 $

Brock 15712 $ 16485 $ 64569 $ 2700 $

Burlington 525815 $ 431921 $ 587588 $ 2720 $

Newmarket 275695 $ 262628 $ 263195 $ 3080 $

Brampton 2731791 $ 1961496 $ 1447772 $ 3314 $

Oshawa 558703 $ 454975 $ 614344 $ 3319 $

Toronto 7134639 $ 10297233 $ 14329509 $ 3766 $

Clarington 361916 $ 340630 $ 379537 $ 3818 $

Halton Hills 147541 $ 248173 $ 363426 $ 4003 $

Caledon 421729 $ 262630 $ 166235 $ 4315 $

Vaughan 1405075 $ 1148939 $ 1908214 $ 4526 $

Aurora 276058 $ 278362 $ NA 4836 $

Oakville 825811 $ 913947 $ 1235513 $ 4932 $

Milton 334740 $ 596372 $ 938908 $ 5494 $

King 254374 $ 334595 $ 202693 $ 11076 $

GTA Average 830655 $ 1011239 $ 1209898 $ 3555 $

GTA Median 309418 $ 340630 $ 363426 $ 3197 $

Building Construction Value (000s) 3 Year Per Capita Avg

Socio Economic Indicators 58

Municipal Study 2018

Building Construction Activity Trend (contrsquod) (Grouped by Location) NiagaraHamilton Municipality 2015 2016 2017

Building Construction Value (000 s) 3 Year Per Capita Avg

St Catharines

Hamilton

Port Colborne

Lincoln

Welland

Grimsby

Wainfleet

Fort Erie

Niagara Falls

Thorold

West Lincoln

Pelham

Niagara‐on‐the‐Lake

$

$

$

$

$

$

$

$

$

$

$

$

$

114141 149549 $ 196370 $

722412 613665 $ 876475 $

18130 32494 $ 27480 $

31382 40333 $ 58422 $

70323 81772 $ 162077 $

38517 120100 $ 42479 $

15495 15687 $ 18069 $

74083 94804 $ 88075 $

215200 279671 $ NA

40898 55860 $ 90748 $

83334 50382 $ 85170 $

33367 126873 $ 104245 $

126932 NA 133956 $

1128 $

1339 $

1396 $

1777 $

1951 $

2423 $

2543 $

2742 $

2842 $

3259 $

4890 $

5041 $

7350 $

NiagaraHamilton Avg

NiagaraHamilton Med

$

$

121863 138433 $ 156964 $

70323 88288 $ 89412 $

2975 $

2543 $

North Municipality 2015 2016 2017

Building Construction Value (000 s) 3 Year Per Capita Avg

Elliot Lake

Greenstone

Timmins

Espanola

Thunder Bay

Sault Ste Marie

North Bay

Parry Sound

Kenora

Greater Sudbury

$

$

$

$

$

$

$

$

$

$

10010 5976 $ 5313 $

3716 4058 $ 2306 $

45103 32653 $ 55231 $

6226 6860 $ 4112 $

157549 93789 $ 143390 $

125556 75822 $ 103149 $

66006 76258 $ 84620 $

8045 12431 $ 10173 $

20236 32201 $ 25352 $

237362 254506 $ 384024 $

638 $

715 $

1028 $

1098 $

1191 $

1341 $

1429 $

1551 $

1677 $

1760 $

North Average

North Median

SimcoeMuskDuff Municipality

$

$

67981 59456 $ 81767 $

32670 32427 $ 40292 $

2015 2016 2017 Building Construction Value (000 s)

1243 $

1266 $

3 Year Per Capita Avg

Barrie

Midland

Penetanguishene

Bracebridge

Tay

Orangeville

Tiny

Orillia

Huntsville

Collingwood

Gravenhurst

Innisfil

Springwater

$

$

$

$

$

$

$

$

$

$

$

$

198452 151050 $ 422093 $

15435 48610 $ NA

8779 21372 $ 24087 $

24677 31752 $ 48659 $

8114 31324 $ 32139 $

NA 66469 $ 98403 $

24944 36816 $ 44613 $

47585 167310 $ 83595 $

64944 80513 $ 80226 $

36760 106381 $ 108753 $

36867 40225 $ 69127 $

123878 158593 $ 278101 $

106828 133712 $ 144558 $

1754 $

1813 $

1952 $

2147 $

2259 $

2766 $

2838 $

3144 $

3705 $

3722 $

3838 $

4941 $

6570 $

SimcoeMuskDuff Av

SimcoeMuskDuff M

$

$

58105 82625 $ 119529 $

36814 66469 $ 81910 $

3188 $

2838 $

Socio Economic Indicators 59

Municipal Study 2018

Building Construction Activity Trend (contrsquod) (Grouped by Location) Southwest Municipality

Chatham‐Kent

Owen Sound

Sarnia

Windsor

Brantford

Tillsonburg

Haldimand

Norfolk

Central Elgin

Ingersoll

Brockton

St Marys

Brant

Meaford

Wilmot

Strathroy‐Caradoc

Cambridge

Wellington North

St Thomas

Kitchener

North Middlesex

Stratford

Woolwich

Erin

London

Minto

Guelph‐Eramosa

Middlesex Centre

Wellesley

Guelph

Mapleton

Lambton Shores

Saugeen Shores

Grey Highlands

Waterloo

North Dumfries

Centre Wellington

North Perth

Kincardine

Puslinch

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

2015 2016 2017

85229 26626 $ 39186 $

24945 15350 $ 43365 $

73574 103399 $ 107784 $

294220 317281 $ 354014 $

103685 184084 $ 202748 $

19570 35819 $ 24726 $

90517 91619 $ 56097 $

94216 109958 $ 139762 $

15447 28752 $ NA

15784 25444 $ 29010 $

17861 18023 $ 17500 $

12395 14205 $ 18506 $

85858 72248 $ 82372 $

12270 18152 $ 43521 $

35146 39777 $ 66481 $

37498 38239 $ 66530 $

169299 356417 $ 387236 $

18509 30497 $ 37736 $

125821 60878 $ 104249 $

565081 739739 $ 498219 $

11844 20377 $ 18089 $

80627 85170 $ 87198 $

56640 70121 $ 83376 $

27464 30580 $ 39400 $

708800 1410120 $ 1123805 $

23854 21292 $ 28762 $

39893 40780 $ 33167 $

48749 46806 $ 77635 $

48246 34777 $ 33855 $

500014 463247 $ 433798 $

57602 34254 $ 20755 $

30581 38932 $ 46370 $

36987 43620 $ 76696 $

40402 25731 $ 45711 $

340127 529025 $ 319979 $

24265 49783 $ 50355 $

96634 151126 $ 139196 $

43089 61682 $ 81008 $

77331 26981 $ 61522 $

31828 44020 $ 47920 $

Building Construction Value (000s)

488 $

1270 $

1293 $

1466 $

1587 $

1650 $

1721 $

1723 $

1730 $

1792 $

1806 $

2043 $

2129 $

2180 $

2199 $

2234 $

2278 $

2367 $

2411 $

2521 $

2584 $

2624 $

2674 $

2718 $

2756 $

2809 $

2899 $

3240 $

3341 $

3472 $

3557 $

3584 $

3692 $

3726 $

3740 $

3975 $

4490 $

4591 $

4756 $

5475 $

3 Year Per Capita Avg

Southwest Average

Southwest Median

$

$

107438 141305 $ 134729 $

48246 40780 $ 64002 $

2618 $

2521 $

Socio Economic Indicators 60

Municipal Study 2018

Summarymdash3 Year Average Building Construction Activity Per Capita (2015 2016 2017) mdash Total Survey by Location

GTA

SimcoeMuskDuff

NiagaraHamilton

Southwest

Eastern

North

Socio Economic Indicators 61

Municipal Study 2018

Financial Indicators

Municipal Financial Indicators 62

Municipal Study 2018

Financial Sustainability Indicators

As described by the Canadian Institute of Chartered Accountants (CICA) the intent of providing an evaluation of a municipalityrsquos financial condition is to evaluate a municipalityrsquos financial outlook and performance This will help form the foundation for the establishment of a long range financial plan

KeyKey fifinancinanciaall andand socisocioo‐‐ececonomiconomic iindicatorsndicators have been included to help evaluate each municipalityrsquos existing financial condition and to identify future challenges and opportunities Industry recognized indicators that are used by credit rating agencies andor recommended by Government Finance Officersrsquo

Association (GFOA) and the Ministry of Municipal Affairs and Housing have been included A number of indicators have been included

Sustainability

The ability to provide and maintain service and infrastructure levels without resorting to unplanned increases in rates or cuts to

services

Vulnerability

Addresses a municipalityrsquos

vulnerability to external sources of funding that it cannot control and its exposure to risks

Flexibility

The ability to issue debt responsibly without

impacting the credit rating Also the ability to generate required revenues

ldquoThe usefulness of indicators is not in the numbers themselves but the analysis of what is driving the indicator It may therefore be more useful to consider the combined results of several broad indicators in assessing performance rather than any one indicator on its ownrdquo

Source Local Government Financial Sustainability Nationally Consistent Frameworks published by

Local Government and Planning Ministersrsquo Council (Australia) May 2007

Municipal Financial Indicators 63

Municipal Study 2018

Net Financial Position Indicators

Financial position is a key indicator of a municipalityrsquos financial health Two key financial position indicators have been included to illustrate a municipalityrsquos financial position The net financial position is a broader measure of a municipalityrsquos indebtedness than debenture debt as it includes all of a municipalityrsquos financial assets and liabilities Net Financial Liabilities Ratio is total liabilities minus assets as a percentage of own source revenues This ratio indicates the extent to which financial liabilities could be met by its operating revenue A ratio greater than zero indicates that total liabilities exceed the total assets

Formula

Schedule 70 in the Financial Information Return is used in these calculations of Financial Position as well

as Own Source Revenues which is taken from Schedule 81

Net Financial Position per Capita = Net Financial Position

Population

Net Financial Liabilities Ratio = Net Financial Position

Own Source Revenues

Target

There is no optimal number or range for these indicators it varies according to a municipalityrsquos financial position

Interpretation

It is important that a municipality understands what is driving these indicators and monitors their

trends The financial position provides an indication of the

affordability of future municipal spending

Municipal Financial Indicators 64

Municipal Study 2018

Financial Indicators

The Financial Indicators section of the report includes a number of indicators to assist municipalities in evaluating financial condition Indicators related to Sustainability Vulnerability and Flexibility have been included It should be noted that Water and Wastewater indicators have also been included in the WaterWastewater section of the report

When the information is plotted over time these trends can be used to monitor changes in financial condition and alert the municipality to future problems We are committed to refining and developing

additional data to have more efficient and effective benchmarking tools for municipalities

Sustainability

Financial Position Per Capita

Net Financial Liabilities Ratio

Asset Consumption Ratio

Flexibility

Reserves

Tax Discretionary Reserves as a of Taxation

Discretionary Reserves as a of Own Source

Revenues

Reserves per Capita

Debt

Tax Debt Interest as a of Own Source Revenues

Debt Charges as a of Own Source Revenues

Total Debt Outstanding Per Capita

Debt Outstanding Per Own Source Revenues

Debt to Reserve Ratio

Tax Debt Outstanding per $100000 of Unweighted Assessment

Vulnerability

Taxes Receivable as a of Tax Levied

Rates Coverage Ratio

Municipal Financial Indicators 65

Municipal Study 2018

Financial Position Per CapitamdashTrend

A comparison was made of each municipalityrsquos overall financial position (financial assets less liabilities) over time on a per capita basis

Municipality 2013 2014 2015 2016 2017

Toronto $ (1668) $ (1962) $ (2192) $ (2379) $ (2460)

Ottawa $ (1448) $ (1634) $ (1736) $ (1998) $ (2299)

Greenstone $ (3734) $ (3669) $ (3082) $ (2610) $ (2117)

Bancroft $ (2053)

Pelham $ (133) $ (432) $ (531) $ (803) $ (1764)

Quinte West $ (383) $ (583) $ (1170) $ (1657) $ (1575)

Kingston $ (1060) $ (1341) $ (1283) $ (1365) $ (1434)

Port Colborne $ (498) $ (343) $ (741) $ (1404)

Owen Sound $ (774) $ (700) $ (1099) $ (1288) $ (1379)

Prince Edward County $ (1184) $ (1239) $ (1209) $ (1446) $ (1366)

Brockville $ (1238) $ (1234) $ (1201) $ (1271) $ (1334)

Thunder Bay $ (954) $ (1349) $ (1447) $ (1572) $ (1301)

Timmins $ (482) $ (677) $ (923) $ (990) $ (961)

North Perth $ (1171) $ (856) $ (899) $ (959)

Barrie $ (1538) $ (1396) $ (1492) $ (1329) $ (938)

Stratford $ (1621) $ (1581) $ (1267) $ (1002) $ (773)

Belleville $ 386 $ 179 $ (308) $ (456) $ (639)

Gravenhurst $ (1197) $ (1134) $ (1066) $ (829) $ (520)

Penetanguishene $ (399)

St Thomas $ 814 $ 653 $ 434 $ 128 $ (275)

Norfolk $ (132) $ (267)

Whitchurch ‐ Stouffville $ (329) $ (150) $ (63) $ (166) $ (212)

Middlesex Centre $ (847) $ (766) $ (633) $ (408) $ (152)

Guelph‐Eramosa $ (50) $ (53) $ (205) $ (74)

Oshawa $ (393) $ (340) $ (272) $ (170) $ (23)

Orangeville $ (363) $ (202) $ (60) $ (198) $ (21)

North Stormont $ 223 $ (91) $ (119) $ (62) $ 11

Meaford $ (521) $ (372) $ (304) $ (95) $ 73

St Catharines $ 178 $ (35) $ (87) $ (19) $ 88

Minto $ 196 $ 113 $ (11) $ 98

King $ (766) $ (718) $ (364) $ (201) $ 100

Cornwall $ 292 $ 154 $ 175 $ 36 $ 126

Brant County $ (485) $ (309) $ (187) $ (373) $ 142

Erin $ 79 $ 174 $ 172 $ 146

Mapleton $ 383 $ 384 $ 178

St Marys (91) $ 247 $ 269 $ 183 $

Municipal Financial Indicators 66

Municipal Study 2018

Financial Position Per CapitamdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Tillsonburg $ (21) $ 10 $ 60 $ 52 $ 230

Georgina $ 132 $ 192 $ 205 $ 246 $ 243

Brockton $ 277

Wainfleet $ 319 $ 512 $ 539 $ 424 $ 347

Welland $ 28 $ 25 $ 68 $ 220 $ 365

Tay $ 379

Grey Highlands $ 275 $ 401 $ 320 $ 398 $ 384

Huntsville $ (6) $ 133 $ 206 $ 282 $ 425

Hamilton $ 315 $ 259 $ 154 $ 263 $ 435

Collingwood $ (369) $ (146) $ (244) $ 241 $ 448

Caledon $ 517 $ 359 $ 355 $ 460 $ 462

North Bay $ 39 $ 176 $ 122 $ 323 $ 464

Puslinch $ 395 $ 448 $ 492 $ 528

Saugeen Shores $ 358 $ 360 $ 358 $ 518 $ 590

Springwater $ 434 $ 458 $ 498 $ 581 $ 649

Cambridge $ 707 $ 717 $ 722 $ 726 $ 650

Sarnia $ 152 $ 94 $ 213 $ 376 $ 652

Lambton Shores $ (889) $ (606) $ (262) $ 222 $ 655

Tiny $ 656

Brampton $ 866 $ 672 $ 731 $ 688 $ 661

London $ 294 $ 334 $ 508 $ 613 $ 670

Clarington $ 648 $ 600 $ 596 $ 655 $ 677

Windsor $ 510 $ 618 $ 653 $ 731 $ 715

Milton $ 774 $ 774 $ 856 $ 970 $ 717

Guelph $ 247 $ 405 $ 572 $ 658 $ 719

Peterborough $ 1235 $ 1157 $ 981 $ 915 $ 758

Centre Wellington $ 580 $ 571 $ 836 $ 817

Strathroy‐Caradoc $ (130) $ 28 $ 248 $ 638 $ 832

Ingersoll $ 43 $ 242 $ 431 $ 640 $ 856

North Middlesex $ 383 $ 685 $ 887

Kitchener $ 764 $ 802 $ 872 $ 918 $ 888

Wellesley $ 915 $ 854 $ 861 $ 904 $ 890

Fort Erie $ 530 $ 654 $ 759 $ 829 $ 890

Elliot Lake $ 228 $ 335 $ 510 $ 748 $ 892

East Gwillimbury $ 333 $ 421 $ 459 $ 522 $ 894

Burlington 889 $ 880 $ 920 $ 905 $ 927 $

Municipal Financial Indicators 67

Municipal Study 2018

Financial Position Per CapitamdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Newmarket 719 $ 716 $ 708 $ 881 $ 927 $

Espanola 444 $ 934 $

Mississauga 604 $ 495 $ 640 $ 691 $ 948 $

Chatham‐Kent 241 $ 440 $ 704 $ 948 $

Sault Ste Marie 675 $ 693 $ 772 $ 727 $ 983 $

Parry Sound 1347 $ 1245 $ 1228 $ 995 $

Brock 601 $ 766 $ 868 $ 953 $ 1039 $

Whitby 994 $ 994 $ 999 $ 1097 $ 1051 $

Woolwich 912 $ 915 $ 1000 $ 1169 $ 1100 $

Halton Hills 682 $ 771 $ 737 $ 992 $ 1117 $

Brantford 1132 $ 1132 $

Greater Sudbury 1126 $ 906 $ 1042 $ 1226 $ 1162 $

Grimsby 1314 $ 1276 $ 1444 $ 1174 $

Lincoln 1212 $ 1154 $ 1279 $ 1313 $ 1197 $

Thorold 832 $ 961 $ 1052 $ 1196 $ 1213 $

Markham 1327 $ 1285 $ 1247 $ 1223 $ 1262 $

Waterloo 1190 $ 1253 $ 1238 $ 1259 $ 1283 $

North Dumfries 1010 $ 1151 $ 1238 $ 1291 $

Orillia 817 $ 776 $ 1271 $ 1357 $ 1310 $

West Lincoln 1224 $ 1104 $ 1056 $ 1068 $ 1343 $

Richmond Hill 1421 $ 1350 $

Wilmot 1051 $ 1091 $ 1111 $ 1249 $ 1403 $

Pickering 940 $ 1134 $ 1205 $ 1288 $ 1454 $

Niagara‐on‐the‐Lake 1462 $ 1607 $ 1421 $ 1541 $ 1456 $

Oakville 1620 $ 1884 $ 1328 $ 1522 $ 1486 $

Wellington North 950 $ 1177 $ 1493 $ 1589 $

Bracebridge 1376 $ 1555 $ 1680 $ 1839 $ 1666 $

Vaughan 957 $ 1029 $ 1007 $ 1124 $ 1688 $

Haldimand 1461 $ 1513 $ 1688 $

Kincardine 2280 $ 2570 $ 2366 $ 2578 $

Kenora 1740 $ 1861 $ 4555 $ 4799 $ 4634 $

Innisfil 413 $ 378 $ 412 $ 4983 $ 4914 $

Average $ 166 $ 251 $ 320 $ 438 $ 435 Median $ 317 $ 378 $ 437 $ 613 $ 651

Column1 1 2 3 4 5

Municipal Financial Indicators 68

Municipal Study 2018

Financial Position Per CapitamdashTrend (contrsquod)

Municipality

Region Waterloo

Region York

Region Niagara

Region Peel

District Muskoka

Region Durham

Region Halton

$

$

$

$

$

$

$

2013

(744)

(1218)

(1)

(37)

(332)

1121

1444

$

$

$

$

$

$

$

2014

(987)

(1362)

(65)

(69)

(204)

1203

1600

$

$

$

$

$

$

$

2015

(1044)

(1215)

(155)

(101)

38

1327

1965

$

$

$

$

$

$

$

2016

(1229)

(1209)

(223)

8

303

1579

2097

$

$

$

$

$

$

$

2017

(1272)

(1052)

(180)

71

600

1799

2108

Average Median

$ $

33 (37)

$ $

17 (69)

$ $

116 (101)

$ $

189 8 $ $

296 71

Simcoe County

Bruce County

Dufferin County

Wellington County

Grey County

Elgin County

$ 304

$

$

$

$

$

$

(133)

(161)

(1)

371

395

235

$

$

$

$

$

$

(137)

(90)

65

442

378

262

$

$

$

$

$

$

(67)

(58)

83

186

326

339

Average Median

$ $

304 304

$ $

118 117

$ $

153 163

$ $

135 134

Municipal Financial Indicators 69

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend

Municipality 2013 2014 2015 2016 2017

Ottawa

Bancroft

Quinte West

Kingston

Prince Edward County

Brockville

Belleville

North Stormont

Cornwall

Peterborough Column1

Eastern Average

Eastern Median

$

$

$

$

$

$

$

$

$

$

$

(1448)

(383)

(1060)

(1184)

(1238)

386

223

292

1235

(353)

(383)

$

$

$

$

$

$

$

$

$

$

$

(1634)

(583)

(1341)

(1239)

(1234)

179

(91)

154

1157

(515)

(583)

$

$

$

$

$

$

$

$

$

$

$

(1736)

(1170)

(1283)

(1209)

(1201)

(308)

(119)

175

981

(652)

(1170)

$

$

$

$

$

$

$

$

$

$

$

(1998)

(1657)

(1365)

(1446)

(1271)

(456)

(62)

36

915

(812)

(1271)

$

$

$

$

$

$

$

$

$

$

$

$

(2299)

(2053)

(1575)

(1434)

(1366)

(1334)

(639)

11

126

758

(980)

(1350)

Municipality

Column1

2013 2014 2015 2016 2017

Toronto

Whitchurch ‐ Stouffville

Oshawa

King

Georgina

Caledon

Brampton

Clarington

Milton

East Gwillimbury

Burlington

Newmarket

Mississauga

Brock

Whitby

Halton Hills

Markham

Richmond Hill

Pickering

Oakville

Vaughan

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1668)

(329)

(393)

(766)

132

517

866

648

774

333

889

719

604

601

994

682

1327

940

1620

957

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1962)

(150)

(340)

(718)

192

359

672

600

774

421

880

716

495

766

994

771

1285

1134

1884

1029

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(2192)

(63)

(272)

(364)

205

355

731

596

856

459

920

708

640

868

999

737

1247

1205

1328

1007

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(2379)

(166)

(170)

(201)

246

460

688

655

970

522

905

881

691

953

1097

992

1223

1421

1288

1522

1124

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(2460)

(212)

(23)

100

243

462

661

677

717

894

927

927

948

1039

1051

1117

1262

1350

1454

1486

1688

GTA Average

GTA Median Column1

$

$

500

682

$

$

520

716

$

$

517

731

$

$

641

893

$

$

681

927

Municipal Financial Indicators 70

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Greenstone

Thunder Bay

Timmins

North Bay

Elliot Lake

Espanola

Sault Ste Marie

Parry Sound

Greater Sudbury

Kenora

$

$

$

$

$

$

$

$

$

(3734)

(954)

(482)

39

228

675

1126

1740

$

$

$

$

$

$

$

$

$

(3669)

(1349)

(677)

176

335

693

1347

906

1861

$

$

$

$

$

$

$

$

$

$

(3082)

(1447)

(923)

122

510

444

772

1245

1042

4555

$

$

$

$

$

$

$

$

$

(2610)

(1572)

(990)

323

748

727

1228

1226

4799

$

$

$

$

$

$

$

$

$

$

(2117)

(1301)

(961)

464

892

934

983

995

1162

4634

North Average

North Median

$

$

(151)

39

$

$

(42)

335

$

$

324

477

$

$

431

727

$

$

568

913

Municipality

Column1

2013 2014 2015 2016 2017

Barrie

Gravenhurst

Penetanguishene

Orangeville

Tay

Huntsville

Collingwood

Springwater

Tiny

Orillia

Bracebridge

Innisfil

$

$

$

$

$

$

$

$

$

(1538)

(1197)

(363)

(6)

(369)

434

817

1376

413

$

$

$

$

$

$

$

$

$

(1396)

(1134)

(202)

133

(146)

458

776

1555

378

$

$

$

$

$

$

$

$

$

(1492)

(1066)

(60)

206

(244)

498

1271

1680

412

$

$

$

$

$

$

$

$

$

(1329)

(829)

(198)

282

241

581

1357

1839

4983

$

$

$

$

$

$

$

$

$

$

$

$

(938)

(520)

(399)

(21)

379

425

448

649

656

1310

1666

4914

SimcoeMuskDuff Average

SimcoeMuskDuff Median Column1

$

$

(48)

(6)

$

$

47

133

$

$

134

206

$

$

770

282

$

$

714

437

Municipal Financial Indicators 71

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Owen Sound

North Perth

Stratford

St Thomas

Norfolk

Middlesex Centre

Guelph‐Eramosa

Meaford

Minto

Brant County

Erin

Mapleton

St Marys

Tillsonburg

Brockton

Grey Highlands

Puslinch

Saugeen Shores

Cambridge

Sarnia

Lambton Shores

London

Windsor

Guelph

Centre Wellington

Strathroy‐Caradoc

Ingersoll

North Middlesex

Kitchener

Wellesley

Chatham‐Kent

Woolwich

Brantford

Waterloo

North Dumfries

Wilmot

Wellington North

Haldimand

Kincardine

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(774)

(1171)

(1621)

814

(847)

(521)

(485)

(21)

275

358

707

152

(889)

294

510

247

(130)

43

764

915

912

1190

1051

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(700)

(1581)

653

(766)

(50)

(372)

196

(309)

79

383

(91)

10

401

395

360

717

94

(606)

334

618

405

580

28

242

802

854

241

915

1253

1010

1091

950

2280

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1099)

(856)

(1267)

434

(633)

(53)

(304)

113

(187)

174

384

247

60

320

448

358

722

213

(262)

508

653

572

571

248

431

383

872

861

440

1000

1238

1151

1111

1177

1461

2570

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1288)

(899)

(1002)

128

(132)

(408)

(205)

(95)

(11)

(373)

172

269

52

398

492

518

726

376

222

613

731

658

836

638

640

685

918

904

704

1169

1132

1259

1238

1249

1493

1513

2366

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1379)

(959)

(773)

(275)

(267)

(152)

(74)

73

98

142

146

178

183

230

277

384

528

590

650

652

655

670

715

719

817

832

856

887

888

890

948

1100

1132

1283

1291

1403

1589

1688

2578

Southwest Average

Southwest Median Column1

$

$

49

200 1

$

$

315

360 2

$

$

391

408 3

$

$

478

613 4

$

$

543

652 5

Municipal Financial Indicators 72

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Pelham

Port Colborne

St Catharines

Wainfleet

Welland

Hamilton

Fort Erie

Grimsby

Lincoln

Thorold

West Lincoln

Niagara‐on‐the‐Lake

$

$

$

$

$

$

$

$

$

$

(133)

178

319

28

315

530

1212

832

1224

1462

$

$

$

$

$

$

$

$

$

$

$

$

(432)

(498)

(35)

512

25

259

654

1314

1154

961

1104

1607

$

$

$

$

$

$

$

$

$

$

$

$

(531)

(343)

(87)

539

68

154

759

1276

1279

1052

1056

1421

$

$

$

$

$

$

$

$

$

$

$

$

(803)

(741)

(19)

424

220

263

829

1444

1313

1196

1068

1541

$

$

$

$

$

$

$

$

$

$

$

$

(1764)

(1404)

88

347

365

435

890

1174

1197

1213

1343

1456

NiagaraHamilton Average

NiagaraHamilton Median Column1

$

$

629

530

$

$

552

583

$

$

604

759

$

$

619

829

$

$

445

663

Municipality 2013 2014 2015 2016 2017

Region Waterloo

Region York

Region Niagara

Region Peel

District Muskoka

Region Durham

Region Halton

$

$

$

$

$

$

$

(744)

(1218)

(1)

(37)

(332)

1121

1444

$

$

$

$

$

$

$

(987)

(1362)

(65)

(69)

(204)

1203

1600

$

$

$

$

$

$

$

(1044)

(1215)

(155)

(101)

38

1327

1965

$

$

$

$

$

$

$

(1229)

(1209)

(223)

8

303

1579

2097

$

$

$

$

$

$

$

(1272)

(1052)

(180)

71

600

1799

2108

Average

Median

$

$

33

(37)

$

$

17

(69)

$

$

116

(101)

$

$

189

8

$

$

296

71

Simcoe County

Bruce County

Dufferin County

Wellington County

Grey County

Elgin County

$ 304

$

$

$

$

$

$

(133)

(161)

(1)

371

395

235

$

$

$

$

$

$

(137)

(90)

65

442

378

262

$

$

$

$

$

$

(67)

(58)

83

186

326

339

Average

Median

$

$

$

$

304

304

$

$

118

117

$

$

153

163

$

$

135

134

Municipal Financial Indicators 73

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend

Municipality 2013 2014 2015 2016 2017

Innisfil (026) (024) (023) (308) (315)

North Dumfries (159) (169) (171) (181)

Wilmot (144) (152) (152) (157) (177)

Kenora (075) (076) (184) (181) (176)

Pickering (121) (141) (140) (145) (166)

Wellesley (192) (161) (157) (152) (157)

Bracebridge (149) (162) (162) (169) (152)

Woolwich (146) (142) (154) (141) (151)

Wellington North (083) (103) (124) (137)

Vaughan (090) (099) (094) (086) (136)

Lincoln (149) (136) (151) (144) (135)

Grimsby (149) (142) (149) (132)

Markham (142) (135) (129) (116) (125)

Kincardine (108) (118) (108) (117)

Brock (073) (088) (099) (108) (116)

Halton Hills (083) (087) (080) (100) (115)

Richmond Hill (120) (114)

West Lincoln (185) (169) (146) (140) (112)

Oakville (137) (156) (110) (116) (112)

Whitby (118) (119) (117) (112) (098)

Mississauga (071) (056) (071) (066) (093)

Waterloo (087) (089) (088) (087) (092)

Thorold (063) (076) (082) (087) (091)

Niagara‐on‐the‐Lake (104) (109) (092) (097) (090)

Milton (094) (091) (099) (114) (085)

Clarington (089) (080) (077) (079) (085)

Burlington (083) (082) (084) (079) (080)

Centre Wellington (057) (057) (071) (079)

Puslinch (061) (070) (068) (076)

Newmarket (063) (063) (060) (068) (074)

Haldimand (053) (067) (074)

Ingersoll (004) (020) (035) (051) (071)

Brampton (122) (077) (080) (067) (068)

Springwater (050) (052) (054) (058) (065)

Strathroy‐Caradoc 012 (002) (021) (049) (062)

Fort Erie (039) (048) (053) (053) (059)

Municipal Financial Indicators 74

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Kitchener (052) (054) (060) (061) (058)

Tiny (057)

Elliot Lake (014) (022) (031) (045) (055)

Orillia (038) (035) (054) (055) (054)

Cambridge (062) (063) (063) (058) (053)

North Middlesex (028) (043) (050)

East Gwillimbury (031) (037) (040) (026) (049)

Brantford (047) (049)

Greater Sudbury (049) (039) (045) (050) (047)

Huntsville 001 (015) (024) (032) (045)

Sault Ste Marie (030) (030) (033) (031) (041)

Caledon (049) (033) (031) (038) (040)

Chatham‐Kent (011) (021) (032) (040)

Sarnia (011) (006) (014) (022) (039)

Espanola (036)

Parry Sound (045) (045) (041) (034)

Lambton Shores 052 031 012 (011) (034)

Saugeen Shores (022) (022) (021) (028) (033)

Wainfleet (035) (055) (057) (045) (031)

Peterborough (053) (050) (042) (036) (031)

London (014) (016) (023) (027) (030)

Grey Highlands (024) (035) (027) (031) (030)

Windsor (023) (027) (027) (030) (030)

Guelph (010) (016) (022) (025) (028)

Tay (028)

Welland (002) (002) (005) (015) (025)

Georgina (014) (018) (018) (021) (021)

Mapleton (060) (052) (021)

Collingwood 016 006 010 (010) (020)

Brockton (020)

Tillsonburg 002 (001) (005) (004) (019)

North Bay (002) (008) (005) (013) (019)

Hamilton (014) (012) (007) (011) (018)

Erin (010) (020) (020) (018)

Minto (016) (009) 001 (008)

St Catharines (017) 003 008 002 (007)

Municipal Financial Indicators 75

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

St Marys 003 (009) (010) (007)

Brant County 030 012 011 020 (006)

King 042 037 018 012 (006)

Cornwall (014) (007) (008) (001) (005)

Meaford 033 023 018 005 (004)

North Stormont (021) 010 013 009 (002)

Orangeville 024 013 004 011 001

Oshawa 042 035 026 015 002

Guelph‐Eramosa 007 007 025 009

Middlesex Centre 073 063 042 025 010

St Thomas (045) (035) (023) (006) 013

Norfolk 007 015

Whitchurch ‐ Stouffville 036 015 007 015 019

Penetanguishene 023

Belleville (018) (008) 013 019 026

Stratford 064 063 048 036 028

Thunder Bay 024 033 033 037 030

Timmins 021 029 038 038 036

Gravenhurst 109 099 085 061 038

Barrie 078 070 072 059 042

Kingston 039 048 046 045 047

Greenstone 096 090 073 059 048

North Perth 088 054 049 049

Brockville 058 058 052 052 055

Owen Sound 041 037 056 062 066

Prince Edward County 074 072 065 073 069

Toronto 056 065 068 070 076

Ottawa 056 062 066 071 084

Port Colborne 046 023 057 090

Quinte West 029 041 077 101 093

Bancroft 112

Pelham 015 047 057 074 163

Average (029) (031) (035) (040) (040)

Median (022) (022) (027) (032) (034)

Municipal Financial Indicators 76

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend (contrsquod)

Municipality

Region Halton

Region Durham

District Muskoka

Region Peel

Region Niagara

Region York

Region Waterloo

2013

(125)

(085)

017

004

000

102

062

2014

(137)

(088)

010

007

005

111

080

2015

(164)

(096)

(002)

010

012

093

083

2016

(167)

(106)

(015)

(001)

017

086

091

2017

(175)

(122)

(030)

(007)

014

075

097

Average

Median

(004)

004

(002)

007

(009)

010

(013)

(001)

(021)

(007)

Grey County

Elgin County

Wellington County

Dufferin County

Bruce County

Simcoe County

(027)

(051)

(028)

(032)

000

019

021

(051)

(031)

(036)

(009)

011

022

(043)

(039)

(038)

(010)

007

010

Average

Median

(027)

(027)

(012)

(014)

(016)

(020)

(019)

(024)

Municipal Financial Indicators 77

Municipal Study 2018

Total Asset Consumption Ratio

This indicator provides an estimate of the useful life left in the municipalityrsquos capital assets

Municipalities are facing significant infrastructure challenges Therefore it is important to keep informed of the age and condition of its capital assets to ensure they are making timely and appropriate investments This is calculated using Schedule 51 of the Financial Information Return

Formula

Total Accumulated Amortization

Total Gross Costs of Capital Assets

Interpretations

This ratio shows the value of the tangible capital assets that have been consumed This ratio seeks to highlight the aged condition of the assets and the potential asset replacement needs A higher ratio may

indicate significant replacement needs However if assets are renewed and replaced in accordance with an asset management plan a high ratio should not be a cause for concern The Ministry of Municipal Affairs and Housing considers a ratio of 25 or under to be relatively new 26‐50 to be moderately new 51‐75 to be moderately old and over 75 to be old

Summarymdash2017 Asset Consumption RatiomdashTotal Survey

0‐25

26‐50

51‐75

greater than 75

Total Asset Consumption Tax Asset Consumption

Municipal Financial Indicators 78

Municipal Study 2018

Total Asset Consumption Ratio Trend

Municipalities 2013 2014 2015 2016 2017

Vaughan 109 112 115 120 120

Markham 183 188 194 199 198

Mississauga 174 182 191 196 204

Grimsby 244 252 262 272 271

Penetanguishene 274

Whitchurch ‐ Stouffville 244 254 266 269 275

Milton 286 285 269 283 290

Ottawa 269 268 276 284 292

Barrie 246 261 270 281 294

Woolwich 256 265 275 290 298

Niagara‐on‐the‐Lake 268 273 280 291 302

Brampton 274 278 279 290 302

Lambton Shores 272 283 298 294 310

Kitchener 338 339 307 304 314

St Marys 289 300 314 317 319

Oakville 310 319 315 320 319

Georgina 254 271 286 303 319

Middlesex Centre 284 303 312 321 326

Tay 331

North Middlesex 304 322 337

Innisfil 293 298 296 334 339

North Perth 324 327 340

Springwater 295 310 324 338 352

Owen Sound 376 382 359 350 355

Burlington 326 335 341 349 358

London 339 346 353 359 362

North Stormont 326 325 335 351 369

Guelph‐Eramosa 338 344 361 376 371

King 447 422 394 393 377

Newmarket 357 362 375 373 377

East Gwillimbury 384 392 402 375 379

Hamilton 362 371 368 370 379

Port Colborne 354 373 384 393 380

Kingston 358 359 369 367 380

West Lincoln 360 369 376 370 380

Whitby 341 354 368 378 384

Municipal Financial Indicators 79

Municipal Study 2018

Total Asset Consumption Ratio (contrsquod)

Municipalities 2013 2014 2015 2016 2017

Ingersoll 362 362 369 371 386

Parry Sound 344 362 376 381 386

Brockville 370 382 395 397 388

Waterloo 351 359 369 381 389

Stratford 357 368 378 390 389

Orillia 357 367 382 383 390

Centre Wellington 390 372 376 387 391

Toronto 425 425 416 409 393

Espanola 377 393

Brant County 394 397 395 386 395

Collingwood 353 368 382 381 396

Thorold 367 365 373 392 397

Welland 346 359 375 385 397

Clarington 374 379 380 388 400

Wilmot 390 410 358 383 401

Cambridge 404 401 397 391 404

Oshawa 383 386 391 399 406

Peterborough 386 387 395 404 408

Norfolk 399 410

St Catharines 403 390 388 400 410

Belleville 407 417 426 420 411

Saugeen Shores 354 374 387 401 413

Sault Ste Marie 380 383 394 401 416

Fort Erie 366 383 394 406 419

Richmond Hill 390 415 422

Sarnia 376 392 407 419 423

Lincoln 431 401 413 416 428

Cornwall 452 454 420 423 428

Strathroy‐Caradoc 403 403 403 423 428

Windsor 389 392 410 423 430

Orangeville 397 388 402 427 437

Pelham 398 408 413 427 437

Tillsonburg 393 413 422 439 441

North Bay 413 413 415 428 445

Timmins 475 486 490 422 445

St Thomas 453 459 467 466 446

Municipal Financial Indicators 80

Municipal Study 2018

Total Asset Consumption Ratio (contrsquod)

Municipalities 2013 2014 2015 2016 2017

Prince Edward County 408 424 435 436 449

Guelph 409 421 435 440 450

Wainfleet 459 477 472 478 451

Halton Hills 430 434 424 436 453

Minto 441 447 447 457 463

Kenora 368 441 389 399 468

Erin 412 429 443 455 469

Haldimand 470 473 475

Bracebridge 436 451 452 466 477

Chatham‐Kent 439 450 460 474 479

Brantford 475 482

Brockton 483

Bancroft 490

Pickering 507 520 503 506 502

Greater Sudbury 491 493 486 497 503

Kincardine 426 439 445 446 505

Huntsville 412 440 468 484 507

Meaford 495 510 513 515 512

Caledon 526 558 549 532 512

Brock 445 465 482 498 516

Wellington North 495 510 526 534 542

Grey Highlands 482 505 515 533 547

Greenstone 490 503 526 541 551

Tiny 551

Thunder Bay 544 551 550 552 566

Gravenhurst 341 359 381 405 571

North Dumfries 197 220 338 348 621

Mapleton 619 628 646 639

Quinte West 658 667 662 668 654

Puslinch 632 642 651 657

Wellesley 621 646 671 692 716

Elliot Lake 784 788 787 793 796

Average 380 388 396 402 418

Median 376 383 387 393 405

Municipal Financial Indicators 81

Municipal Study 2018

Total Asset Consumption Ratio (contrsquod)

Municipalities

Region York

Region Halton

Region Peel

Region Durham

Region Waterloo

Region Niagara

District Muskoka

2013

320

257

251

316

413

424

413

2014

322

264

255

320

421

427

433

2015

291

258

260

330

415

432

440

2016

279

264

270

328

424

416

460

2017

266

271

282

336

347

425

478

Average

Median

342

320

349

322

347

330

349

328

344

336

Simcoe County

Wellington County

Dufferin County

Bruce County

Elgin County

Grey County

391

322

406

419

417

446

580

330

419

422

423

457

593

344

426

431

436

465

596

Average

Median

391

391

432

418

441

422

450

434

Municipal Financial Indicators 82

Municipal Study 2018

Tax Asset Consumption Ratio

Municipalities 2017

Vaughan 107

Markham 167

Mississauga 204

Grimsby 253

Barrie 281

Milton 290

Ottawa 300

Brampton 302

Whitchurch ‐ Stouffville 304

Woolwich 317

Oakville 319

North Perth 328

Kitchener 329

Penetanguishene 334

Innisfil 339

Niagara‐on‐the‐Lake 340

East Gwillimbury 341

St Marys 344

Collingwood 345

London 350

Burlington 358

Georgina 359

Owen Sound 367

Tay 368

Springwater 372

Orillia 374

Newmarket 377

North Middlesex 380

Port Colborne 382

Middlesex Centre 384

Whitby 384

Ingersoll 386

Stratford 386

Lambton Shores 392

Toronto 394

St Thomas 394

Municipalities 2017

Hamilton 399

Guelph‐Eramosa 399

Peterborough 400

Clarington 400

Kingston 405

Waterloo 406

Oshawa 406

North Stormont 412

Sault Ste Marie 414

Sarnia 417

Welland 418

Norfolk 419

Brant County 425

Espanola 426

Parry Sound 428

West Lincoln 429

Cambridge 433

Windsor 433

Wilmot 434

Pelham 437

Centre Wellington 440

Richmond Hill 440

St Catharines 443

King 443

Tillsonburg 444

Guelph 448

Wainfleet 451

Halton Hills 453

Thorold 457

Brockville 457

Belleville 457

Cornwall 462

Fort Erie 468

Bracebridge 477

Lincoln 479

Orangeville 482

Municipal Financial Indicators 83

Municipal Study 2018

Tax Asset Consumption Ratio

Municipalities 2017

North Bay

Chatham‐Kent

Saugeen Shores

Kenora

Meaford

Erin

Pickering

Prince Edward County

Huntsville

Caledon

Haldimand

Brock

Brockton

Kincardine

Brantford

Minto

Timmins

Grey Highlands

Greater Sudbury

Strathroy‐Caradoc

Tiny

Thunder Bay

Greenstone

Gravenhurst

Bancroft

North Dumfries

Wellington North

Puslinch

Mapleton

Quinte West

Wellesley

Elliot Lake

486

486

489

497

498

501

502

504

507

512

513

516

519

524

527

539

548

550

554

568

569

569

571

571

615

621

623

657

672

701

716

784

Average

Median

438

431

Municipalities 2017

Region Waterloo

Region Halton

Region York

Region Peel

Region Durham

Region Niagara

District Muskoka

298

301

334

358

380

387

520

Average

Median

368

358

Simcoe County

Wellington County

Dufferin County

Bruce County

Elgin County

Grey County

344

426

431

436

465

596

Average

Median

450

434

Municipal Financial Indicators 84

Municipal Study 2018

Reserves

Reserves are a critical component of a municipalityrsquos long‐term financing plan The purpose for maintaining reserves is to

Provide stability of tax rates in the face of variable and uncontrollable factors (consumption interest

rates unemployment rates changes in subsidies)

Provide financing for one‐time or short‐term requirements without permanently impacting the tax and

utility rates

Make provisions for replacementsacquisitions of assetsinfrastructure that are currently being

consumed and depreciated

Avoid spikes in funding requirements of the capital budget by reducing their reliance on long‐term debt borrowings

Provide a source of internal financing

Ensure adequate cash flows

Provide flexibility to manage debt levels and protect the municipalityrsquos financial position

Provide for future liabilities incurred in the current year but paid for in the future

Three financial indicators have been included for tax reserves In each case the water and wastewater reserves and reserve funds have been excluded as well as obligatory reserve funds

Reserve Financial Indicator One Tax Discretionary Reserves as a of Taxation

This provides the total tax discretionary reserves and reserve funds using Schedule 60 of the Financial Information Returns (columns 2 and 3) in relation to total taxation (Schedule 10 of the Financial Information Return)

Formula

Tax Discretionary Reserves

Taxation

Municipal Financial Indicators 85

Municipal Study 2018

Reserve Financial Indicator Two Tax Discretionary Reserves per Capita

This provides the total tax discretionary reserves in relation to the population

Formula

Tax Discretionary Reserves

Population

Reserve Financial Indicator Three Tax Discretionary Reserves as a of Own Source Revenues

This indicator shows the total value of funds held in reserves and reserve funds compared to a single yearrsquos own source revenue and is a strong indicator of financial stability This provides the total tax discretionary reserves and reserve funds using Schedule 60 of the Financial Information Returns (columns 2 and 3) in relation to own source revenues (Schedule 81 of the Financial Information Return less water and wastewater own source revenues which are on Schedule 12)

Formula

Tax Discretionary Reserves

Own Source Revenues

Interpretations

Reserves offer liquidity which enhances the municipalityrsquos flexibility in addressing operating

requirements and in permitting the municipality to temporarily fund capital projects internally allowing

it time to access debt markets and take advantage of favourable conditions The level of reserves required will vary for a number of reasons including

Services provided by the municipality

Age and condition of infrastructure inventory of fleet and vehicles supporting municipal operations

Level of expenditures

Internal debt and reserve policies

Targets ranges established on a reserve by reserve basis

Economic conditions and projections

Municipal Financial Indicators 86

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend

Municipality 2013 2014 2015 2016 2017

Orillia ‐21 ‐12 ‐5 ‐17 ‐33

Pelham 15 9 18 25 ‐7

Newmarket 32 15 ‐3 2 3

Brockville 12 14 13 15 17

St Thomas 27 20 18 25 21

Strathroy‐Caradoc 4 3 5 21 24

Tillsonburg 31 33 26 23 28

Markham 156 111 99 80 29

Ottawa 23 24 22 23 29

Barrie 31 30 31 31 30

Guelph 41 36 33 36 30

Sault Ste Marie 28 28 30 28 32

Prince Edward County 39 38 42 39 33

Brantford 42 36

Timmins 31 33 32 34 36

Greenstone 27 28 35 38 37

Belleville 23 24 28 33 38

Orangeville 20 20 25 33 38

Tiny 39

Quinte West 38 34 32 35 39

North Bay 29 29 29 38 42

Bancroft 42

Sarnia 25 26 27 32 43

Greater Sudbury 54 54 57 52 44

Wilmot 51 56 56 42 45

St Catharines 56 53 41 43 45

Kitchener 34 36 45 45 46

Huntsville 51 60 39 40 47

Toronto 53 48 45 45 47

Whitchurch ‐ Stouffville 89 88 87 67 49

Woolwich 57 47 46 53 49

Windsor 52 53 56 56 50

Niagara‐on‐the‐Lake 61 60 51 63 52

Waterloo 77 88 76 55 54

Stratford 50 49 52 53 55

Caledon 79 74 54 57 55

Municipal Financial Indicators 87

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Erin 48 49 57 56

Guelph‐Eramosa 44 48 51 56

Grey Highlands 63 48 52 58 57

Meaford 37 45 46 48 59

Hamilton 62 61 58 56 59

Thunder Bay 67 59 55 52 59

Oshawa 38 34 46 52 59

Espanola 60

Grimsby 91 82 65 61

Collingwood 65 59 59 53 61

Penetanguishene 62

Lincoln 101 78 75 70 62

Cornwall 64 66 66 62 63

Peterborough 65 63 61 64 63

Cambridge 54 56 64 64 63

Minto 58 60 57 68

North Stormont 57 50 48 64 70

Ingersoll 33 30 42 55 70

Innisfil 82 76 70 63 71

Georgina 54 60 62 65 71

Centre Wellington 94 92 114 71

Wainfleet 66 87 90 80 75

Fort Erie 56 61 69 73 77

St Marys 78 87 82 78

Bracebridge 77 74 52 59 80

Mississauga 79 79 80 85 81

Norfolk 86 81

Vaughan 85 79 70 102 83

Brampton 68 71 73 76 83

Burlington 79 78 80 84 84

Welland 81 76 70 80 84

Kincardine 137 112 93 85

Kingston 76 73 80 80 86

King 59 63 82 83 86

Gravenhurst 91 83 73 76 86

London 61 76 78 81 88

Municipal Financial Indicators 88

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Owen Sound

Tay

Brant County

Lambton Shores

Middlesex Centre

Port Colborne

Chatham‐Kent

North Perth

Parry Sound

Halton Hills

Brockton

Kenora

Wellington North

Wellesley

Springwater

Puslinch

Oakville

Elliot Lake

Pickering

Whitby

North Dumfries

Clarington

Milton

Saugeen Shores

Mapleton

North Middlesex

Brock

Richmond Hill

Thorold

West Lincoln

East Gwillimbury

102

30

32

79

62

110

115

154

104

65

53

112

0

139

119

159

118

182

155

69

103

100

45

76

41

86

138

64

111

137

100

156

82

132

71

80

109

54

138

112

144

55

127

193

157

74

98

94

64

83

89

98

90

123

71

117

132

101

104

94

113

70

75

110

50

129

160

132

94

125

135

207

133

72

91

92

77

93

94

94

91

111

87

106

103

105

101

93

112

100

74

111

63

120

171

129

141

150

189

192

124

156

90

90

92

93

93

94

95

95

95

96

96

98

98

101

101

102

104

105

110

111

111

119

124

126

131

154

155

173

196

204

208

Average

Median

65

61

68

61

70

69

74

65

73

68

Municipal Financial Indicators 89

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Region Waterloo

Region Niagara

District Muskoka

Region Peel

Region Durham

Region Halton

Region York

40

42

67

119

113

155

178

48

43

67

120

122

172

191

42

47

72

119

137

208

212

44

45

79

126

150

219

223

41

46

91

127

165

214

223

Average

Median

102

113

109

120

120

119

126

126

130

127

Elgin County

Bruce County

Dufferin County

Wellington County

Grey County

Simcoe County

80

21

55

50

83

90

63

32

57

59

75

87

69

48

58

66

79

85

87

Average

Median

80

80

60

59

63

64

71

73

Municipal Financial Indicators 90

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend

Municipality 2013 2014 2015 2016 2017

Orillia ‐17 ‐10 ‐4 ‐13 ‐27

Pelham 13 7 16 20 ‐6

Newmarket 23 11 ‐2 2 2

Brockville 10 11 11 11 13

St Thomas 21 16 15 20 17

Markham 90 65 59 49 18

Strathroy‐Caradoc 3 3 4 16 18

Kitchener 14 15 19 20 19

Tillsonburg 23 23 18 17 20

Ottawa 16 17 16 16 21

Guelph 31 27 25 28 23

Toronto 28 25 22 22 23

Barrie 25 24 25 25 24

Sault Ste Marie 20 21 22 21 24

Thunder Bay 27 24 22 23 24

Timmins 23 25 25 26 26

Brantford 30 26

Prince Edward County 31 30 34 31 27

Greenstone 19 21 27 29 28

Wilmot 31 36 37 28 28

Niagara‐on‐the‐Lake 38 37 32 38 29

Orangeville 16 16 20 28 30

Whitchurch ‐ Stouffville 61 56 59 47 31

Belleville 19 20 24 28 31

Woolwich 40 33 32 31 32

St Catharines 42 39 29 31 32

Huntsville 38 40 27 29 32

North Bay 22 22 23 30 33

Greater Sudbury 39 39 41 38 33

Tiny 33

Windsor 38 38 38 36 33

Sarnia 20 20 21 26 34

Quinte West 34 30 29 32 35

Waterloo 49 56 50 35 35

Bancroft 36

Stratford 35 34 36 37 37

Municipal Financial Indicators 91

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Caledon 54 53 39 40 40

Minto 36 39 37 43

Erin 36 32 45 43

Oshawa 29 26 33 37 43

Centre Wellington 53 56 60 44

Hamilton 46 46 44 42 44

Cornwall 44 46 47 44 44

Guelph‐Eramosa 33 38 40 45

Peterborough 43 44 43 45 45

Innisfil 55 53 51 41 46

Grey Highlands 45 37 42 46 47

Espanola 34 47

North Stormont 0 0 0 43 47

Cambridge 39 42 50 49 48

Meaford 31 38 38 40 48

Lincoln 74 58 60 55 48

Penetanguishene 49

Collingwood 52 45 46 43 50

Grimsby 0 74 65 51 50

Mississauga 48 50 51 52 50

St Marys 57 64 60 51

Wainfleet 52 69 73 67 53

Vaughan 59 57 50 70 55

Welland 51 53 48 57 56

Brant County 25 51 78 77 57

Kincardine 47 70 69 58

Kingston 52 49 55 56 58

Burlington 53 53 56 59 58

North Perth 58 58 56 58

Ingersoll 28 24 35 46 59

Georgina 44 45 48 52 59

Brampton 57 50 51 53 59

Bracebridge 61 58 40 45 61

Whitby 72 72 72 70 63

Fort Erie 47 51 59 62 65

Norfolk 70 66

Municipal Financial Indicators 92

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Brockton 66

King 34 36 50 59 66

London 46 57 59 60 67

Wellesley 82 66 65 68 68

Middlesex Centre 59 58 51 59 68

Milton 61 59 85 94 68

North Dumfries 34 33 39 69

Chatham‐Kent 66 76 73 69

Gravenhurst 73 65 58 62 69

Lambton Shores 24 31 39 54 70

Parry Sound 83 88 80 71

Oakville 71 91 80 79 72

Halton Hills 45 46 52 65 72

Puslinch 59 72 66 72

Owen Sound 77 83 78 73 72

Wellington North 104 103 78 74

Port Colborne 0 32 50 73 74

Kenora 81 82 87 79 76

Tay 77

Springwater 123 124 82 78 80

Saugeen Shores 98 92 87 84 83

Elliot Lake 43 53 49 79 86

Pickering 41 61 56 57 86

West Lincoln 113 120 95 94 90

Clarington 102 103 96 91 91

East Gwillimbury 46 51 51 63 101

Mapleton 44 73 106

Richmond Hill 122 112

North Middlesex 102 112 116

Brock 95 101 110 120 119

Haldimand 90 139 138

Thorold 149 160 163 158 160

Average 45 47 49 52 52

Median 43 45 48 49 48

Municipal Financial Indicators 93

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Region Niagara

Region Waterloo

District Muskoka

Region Peel

Region Durham

Region York

Region Halton

30

32

57

97

99

139

118

30

39

57

98

105

147

132

33

34

61

99

117

157

159

32

36

67

105

128

175

171

32

34

77

106

135

167

170

Average

Median

82

97

87

98

94

99

102

105

103

106

Elgin County

Bruce County

Dufferin County

Wellington County

Grey County

Simcoe County

65

15

42

38

67

65

50

25

45

45

61

66

55

37

46

49

64

65

67

Average

Median

65

65

46

46

49

50

55

57

Municipal Financial Indicators 94

Municipal Study 2018

2017 Total and Tax Reserve Per Capita

Total Tax Reserves Reserves

Municipality Per Capita Per Capita

Orillia (97) $ (538) $

Pelham 108$ (50) $

Newmarket 593$ 18 $

Markham 325$ 122 $

Wilmot 378$ 158 $

Strathroy‐Caradoc 924 $ 180 $

Woolwich 467$ 188 $

Kitchener 244 $ 222 $

Tillsonburg 237 $ 237 $

St Thomas 650$ 254 $

North Stormont 412$ 264 $

Brockville 490 $ 271 $

Whitchurch ‐ Stouffville 377 $ 280 $

Guelph‐Eramosa 485$ 284 $

Erin 493$ 302 $

Huntsville 305 $ 305 $

Niagara‐on‐the‐Lake 647 $ 318 $

Centre Wellington 893 $ 322 $

St Catharines 417$ 337 $

Grimsby 642$ 339 $

Waterloo 351$ 351 $

Lincoln 874$ 358 $

Minto 980$ 370 $

Cambridge 545$ 377 $

Wellesley 384 $ 384 $

Tiny 747$ 384 $

Orangeville 723 $ 421 $

Sarnia 623$ 427 $

Barrie 767$ 438 $

Prince Edward County 539 $ 454 $

Caledon 456$ 456 $

Oshawa 465$ 465 $

Vaughan 820 $ 478 $

Sault Ste Marie 481 $ 481 $

Quinte West 721$ 485 $

North Dumfries 490$ 490 $

Total Tax Reserves Reserves

Municipality Per Capita Per Capita

Guelph 1388 $ 490 $

Ottawa 560$ 495 $

Brantford 1002 $ 502 $

Puslinch 504 $ 504 $

Bancroft 506$ 506 $

Mississauga 510 $ 510 $

Grey Highlands 922$ 518 $

Timmins 564 $ 564 $

Milton 575 $ 575 $

Welland 602 $ 576 $

Wellington North 1308 $ 577 $

Brampton 579$ 579 $

Wainfleet 590$ 590 $

Georgina 784$ 612 $

Fort Erie 754$ 619 $

Belleville 1176 $ 641 $

Springwater 1061 $ 650 $

Penetanguishene 662 $

North Bay 883$ 663 $

Bracebridge 665$ 665 $

Whitby 672$ 672 $

Burlington 675 $ 675 $

Greater Sudbury 865 $ 676 $

Toronto 1010 $ 678 $

Halton Hills 695 $ 695 $

Ingersoll 712$ 712 $

Innisfil 715$ 715 $

Tay 1096 $ 715 $

Windsor 760$ 716 $

Clarington 726$ 726 $

Meaford 975$ 729 $

Pickering 756$ 756 $

Brockton 992 $ 795 $

Middlesex Centre 961$ 796 $

Collingwood 1842 $ 801 $

Mapleton 1014 $ 802 $

Municipal Financial Indicators 95

Municipal Study 2018

2017 Total and Tax Reserve Per Capita (contrsquod)

Municipality

Total Reserves Per Capita

Tax Reserves Per Capita

Port Colborne

Cornwall

North Perth

Hamilton

West Lincoln

Richmond Hill

Stratford

Peterborough

Thunder Bay

King

Oakville

Gravenhurst

Espanola

Lambton Shores

Norfolk

Brock

Elliot Lake

Kincardine

Greenstone

Saugeen Shores

Owen Sound

St Marys

Brant County

London

Chatham‐Kent

East Gwillimbury

Parry Sound

Kingston

Thorold

North Middlesex

Kenora

Haldimand

939 $

1042 $

1005 $

1312 $

1000 $

1126 $

940 $

1379 $

989 $

966 $

950 $

956 $

1316 $

1811 $

1330 $

1069 $

1418 $

2740 $

1125 $

1347 $

1312 $

1426 $

1535 $

1674 $

1429 $

1843 $

2577 $

2113 $

2056 $

1713 $

1929 $

3127 $

817 $

881 $

886 $

887 $

913 $

921 $

923 $

933 $

938 $

949 $

950 $

956 $

973 $

994 $

995 $

1069 $

1093 $

1100 $

1125 $

1138 $

1141 $

1151 $

1178 $

1262 $

1347 $

1482 $

1494 $

1522 $

1555 $

1569 $

1576 $

2613 $

Average Median

931 $ 820 $

684$ 645 $

Municipality

Total Reserves Per Capita

Tax Reserves Per Capita

Region Niagara

Region Waterloo

Region Peel

District Muskoka

Region Halton

Region Durham

Region York

604 $

525 $

1254 $

1823 $

1837 $

1934 $

2159 $

337 $

371 $

865 $

1351 $

1480 $

1528 $

1955 $

Average Median

1448 $ 1823 $

1127 $ 1351 $

Wellington County

Elgin County

Bruce County

Dufferin County

Simcoe County

Grey County

311 $

326 $

361 $

391 $

429 $

496 $

311 $

326 $

361 $

391 $

429 $

496 $

Average Median

386 $ 376 $

386 $ 376 $

Municipal Financial Indi‐ 96

Municipal Study 2018

Debt

The Ministry of Municipal Affairs and Housing regulates the level of debt that may be incurred by municipalities such that no more than 25 of the total Own Source Revenue can be used to service debt

and other long‐term obligations without receiving OMB approval In addition to confirming that the debt is within the legislated limits Government Finance Officersrsquo Association (GFOA) recommends the

following analysis be undertaken

Measures of the tax and revenue base such as

Projections of key relevant economic variables

Population trends

Utilization trends for services underlying revenues

Evaluation of trends relating to the governmentrsquos financial

performance such as

Revenues and expenditures

Net revenues available after meeting operating requirements

Reliability of revenues expected to pay debt service

Unreserved fund balance levels

Debt service obligations such as

Existing debt service requirements

Debt service as a percentage of expenditures or tax or system revenues

There are six financial debt indicators that have been included in the analysis to provide a clear understanding of the overall debt outstanding and the debt servicing costs

Financial Debt Indicator One Tax Debt Interest as of Own Source Revenues

This ratio indicates the extent to which the municipalityrsquos own source revenues are committed to debt interest charges This is calculated using Schedule 40 of the Financial Information Returns and the Own

Source Revenues in Schedule 81 less WaterWW revenues in Schedule 12

Formula

Tax Debt Interest

Own Source Revenues

Municipal Financial Indicators 97

Municipal Study 2018

Financial Debt Indicator Two Debt Charges as a of Own Source Revenues (Debt Service Ratio)

Debt Service is the amount of principal and interest that a municipality must pay each year to service the

debt (principal and interest expenses) As debt service increases it reduces expenditure flexibility This shows the of total debt expenditures including interest as a of own source revenue It is a measure of the municipalityrsquos ability to service its debt payments Schedule 74C has been used for the total debt charges (line 3099) and the tax debt charges (line 3012)

Formula

Debt Principal and Interest Payments

Own Source Revenue

Target

Credit rating agencies consider that principal and interest should be below 10 of Own Source Revenues

Interpretations

This indicator will trigger a warning if the increase in debt service consistently exceeds the increase in own source revenues

Financial Debt Indicator Three Debt Outstanding per Capita

This provides the debt outstanding as reflected on Schedule 74A divided by the population

Formula

Total Debt Outstanding

Population

Municipal Financial Indicators 98

Municipal Study 2018

Financial Debt Indicator Four Debt Outstanding Per Own Source Revenues

This provides the debt outstanding as reflected on Schedule 74A divided by the municipalityrsquos own source revenues as reflected in Schedule 81

Formula

Total Debt Outstanding

Own Source Revenue

Financial Debt Indicator Five Debt to Reserve Ratio

Formula

Debt Outstanding

Reserves and Reserve Funds (Excluding Obligatory Reserve

Funds)

Financial Debt Indicator Six Debt Outstanding as a of Unweighted Assessment

This provides the debt outstanding as reflected on Schedule 74A divided by the municipalityrsquos own source revenues as reflected in Municipalityrsquos Levy by‐laws

Formula

Total Debt Outstanding

Unweighted Assessment

Target

This indicator provides a measure for financial prudence by comparing total debt to the total reserve balances Generally the benchmark suggested by credit rating agencies for this ratio is 11 or in other words debt should not exceed total reserve and reserve fund balances A 11 ratio reflects that for every dollar of debt there is a dollar of reserves

Municipal Financial Indicators 99

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend

Municipality 2013 2014 2015 2016 2017

Brampton 00 00 00 00 00

East Gwillimbury 00 00 00 00 00

Erin 00 11 08 08 00

Espanola 03 00

Mapleton 00 00 00 00 00

Richmond Hill 00 00 00 00 00

Tiny 00

West Lincoln 00 00 00 00 00

Whitby 00 00 00 00 00

Wilmot 15 00 00 00 00

Kenora 07 07 00 00 00

North Middlesex 02 01 01

Wainfleet 03 03 03 02 01

Grimsby 00 02 01 00 01

Puslinch 00 05 04 03 02

Markham 02 02 02 02 02

Sarnia 07 06 05 02 02

Wellesley 06 04 03 01 02

Sault Ste Marie 05 04 03 03 02

Thorold 05 05 05 03 03

Saugeen Shores 05 05 04 04 03

Greater Sudbury 03 03 04 03 03

Cambridge 04 04 03 04 03

Niagara‐on‐the‐Lake 05 03 03 05 04

Penetanguishene 04

Grey Highlands 01 02 02 01 04

Mississauga 01 02 03 04 04

Georgina 00 00 00 03 04

Brock 07 06 06 05 04

Vaughan 13 12 12 10 04

Orillia 09 08 07 05 04

Fort Erie 07 07 06 06 05

Brantford 03 05

Kincardine 00 04 06 09 06

Strathroy‐Caradoc 07 07 06 07 07

Thunder Bay 09 08 08 07 07

Municipal Financial Indicators 100

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Timmins 11 10 09 08 08

Clarington 13 12 11 09 08

Tay 08

Barrie 08 08 07 08 08

Pickering 09 09 08 08 08

Hamilton 13 11 11 09 09

Cornwall 12 12 09 10 09

Windsor 11 11 09 09 09

Meaford 17 13 12 10 09

Lincoln 05 06 06 08 09

Springwater 09 10 12 11 09

Elliot Lake 11 03 06 10 09

North Dumfries 00 15 13 11 10

Chatham‐Kent 00 16 14 13 10

Caledon 19 19 14 12 10

Centre Wellington 00 15 14 10 10

London 13 13 12 11 10

St Thomas 12 13 11 10 10

North Bay 19 19 17 11 10

Brockton 10

Prince Edward County 17 15 13 10 11

Woolwich 15 14 13 10 11

Kitchener 15 14 14 00 11

Norfolk 10 11

Greenstone 27 26 24 20 11

Ingersoll 12 17 15 13 11

Orangeville 23 23 21 15 11

Halton Hills 13 15 15 13 12

Burlington 14 13 12 13 12

Owen Sound 16 17 15 15 12

Guelph 15 16 12 14 12

Brant County 13 08 19 17 13

Bracebridge 21 19 17 14 13

King 15 14 15 14 14

Brockville 22 20 16 14 14

Milton 15 13 15 15 15

Municipal Financial Indicators 101

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Oakville

Bancroft

Middlesex Centre

Haldimand

Guelph‐Eramosa

Newmarket

Parry Sound

Wellington North

Oshawa

Peterborough

Innisfil

Lambton Shores

Stratford

Huntsville

Tillsonburg

St Marys

Quinte West

Port Colborne

St Catharines

North Stormont

Collingwood

Belleville

Minto

North Perth

Welland

Whitchurch ‐ Stouffville

Kingston

Ottawa

Waterloo

Toronto

Pelham

Gravenhurst

10

25

00

26

00

00

22

19

33

25

24

34

39

00

10

00

22

00

33

08

00

47

22

43

23

30

42

41

10

76

09

23

24

24

19

31

23

19

30

21

23

28

29

31

12

19

21

00

28

14

14

37

40

28

32

39

42

11

69

16

16

15

20

22

20

25

21

18

28

20

23

26

26

27

13

12

24

00

29

14

13

29

32

39

27

31

39

39

14

60

17

15

17

17

19

20

20

19

19

21

20

22

25

24

25

19

15

24

21

26

21

20

29

30

38

29

31

36

39

19

54

15

16

16

16

16

17

17

18

18

18

19

19

19

20

20

21

21

22

23

23

23

24

25

25

27

29

29

30

33

38

46

47

Average

Median

13

10

14

12

13

12

12

10

12

10

Municipal Financial Indicators 102

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

District Muskoka

Region Durham

Region Halton

Region Peel

Region York

Region Waterloo

Region Niagara

06

09

07

14

17

18

16

05

10

06

14

19

23

16

05

09

08

12

18

23

17

05

08

08

11

20

21

27

04

06

07

09

19

24

26

Average

Median

12

14

13

14

13

12

14

11

14

09

Grey County

Elgin County

Simcoe County

Wellington County

Dufferin County

Bruce County

16

01

04

05

14

22

30

01

04

06

13

19

26

00

04

05

11

16

22

Average

Median

16

16

13

10

11

09

10

08

Municipal Financial Indicators 103

Municipal Study 2018

2017 Total and Tax Debt Charges as a of Own Source Revenues 2017 Total Debt Charges as a of Own Source

2017 Tax Debt Charges as a of Own Source

Municipality Revenues Revenues

Brampton 00 00

East Gwillimbury 00 00

Kenora 00 00

Kingston 65 00

Markham 03 00

North Perth 48 00

Richmond Hill 00 00

Timmins 36 00

Tiny 00 00

West Lincoln 00 00

Whitby 00 00

Wilmot 00 00

North Dumfries 33 01

Grimsby 02 02

Caledon 40 04

Clarington 48 04

Windsor 20 05

Thorold 06 08

Brock 10 10

Wainfleet 12 10

Georgina 33 11

Sault Ste Marie 15 12

Chatham‐Kent 54 14

Strathroy‐Caradoc 56 15

Tay 64 15

Innisfil 50 17

Wellesley 18 18

Whitchurch ‐ Stouffville 58 19

Centre Wellington 80 19

Brantford 33 23

Puslinch 23 23

Oakville 47 25

Woolwich 21 25

Halton Hills 74 25

St Thomas 30 26

Mississauga 26 26

2017 Total Debt Charges as a of Own Source

2017 Tax Debt Charges as a of Own Source

Municipality Revenues Revenues

Greater Sudbury 22 26

Penetanguishene 21 27

Elliot Lake 23 29

Thunder Bay 54 31

Vaughan 23 31

Brant County 44 31

Fort Erie 37 33

Kincardine 33 34

Niagara‐on‐the‐Lake 24 34

Orillia 29 35

Springwater 66 36

Bracebridge 36 36

Prince Edward County 71 36

Erin 32 37

Parry Sound 80 38

Espanola 30 38

North Middlesex 45 38

Cambridge 25 39

Middlesex Centre 88 39

Barrie 85 42

Kitchener 38 42

Meaford 57 43

Milton 86 43

Pickering 44 44

Grey Highlands 38 44

Lincoln 41 48

Waterloo 48 48

Newmarket 43 49

Sarnia 37 50

Hamilton 51 53

Owen Sound 89 55

Cornwall 47 55

Huntsville 55 55

Ingersoll 56 56

Peterborough 94 56

Belleville 71 56

Municipal Financial Indicators 104

Municipal Study 2018

2017 Total and Tax Debt Charges as a of Own Source Revenues (contrsquod)

Municipality

2017 Total Debt Charges as a of Own Source Revenues

2017 Tax Debt Charges as a of Own Source Revenues Municipality

2017 Total Debt Charges as a of Own Source Revenues

2017 Tax Debt Charges as a of Own Source Revenues

Oshawa 57 57 Region Peel 94 06

Norfolk 56 57 District Muskoka 61 08

Brockton 57 61 Region York 231 14

Haldimand 53 63 Region Durham 63 18

Stratford 91 64 Region Halton 55 19

Orangeville 56 64 Region Niagara 71 87

Ottawa 79 66 Region Waterloo 98 89

London 70 67 Average 96 34 North Bay 90 69 Median 71 18

Saugeen Shores 54 70

Burlington

St Marys

71

60

71

71

Grey County

Elgin County

00

04

00

04

Pelham 117 72 Wellington County 40 35

Brockville 61 73 Simcoe County 36 36

Tillsonburg 76 76 Dufferin County 60 60

Guelph 78 78 Bruce County 70 70

Quinte West 66 81 Average 35 34

North Stormont 78 84 Median 38 35

Toronto 78 87

Port Colborne 70 95

King 82 96

St Catharines 86 98

Guelph‐Eramosa 80 101

Gravenhurst 103 103

Greenstone 98 107

Collingwood 92 112

Lambton Shores 83 114

Bancroft 98 129

Wellington North 98 130

Welland 90 132

Minto 124 165

Average 51 44 Median 51 38

Municipal Financial Indicators 105

Municipal Study 2018

2017 Total Debt Outstanding Per Capita

Total Debt Tax Debt Outstanding Outstanding Per

Municipality Per Capita Capita

East Gwillimbury ‐$ ‐$

Espanola 1112 $ ‐$

Richmond Hill ‐$ ‐$

Whitby ‐$ ‐$

Wilmot ‐$ ‐$

Kenora ‐$ ‐$

Tiny 3$ 3$

Puslinch 15 $ 15 $

West Lincoln 17 $ 17 $

Wainfleet 27 $ 27 $

Markham 35 $ 35 $

Georgina 232$ 44 $

Thorold 59 $ 59 $

Wellesley 60 $ 60 $

Sault Ste Marie 171 $ 83 $

Niagara‐on‐the‐Lake 157 $ 87 $

Saugeen Shores 707$ 88 $

Brock 94 $ 94 $

Sarnia 167$ 98 $

Woolwich 135$ 124 $

Penetanguishene 128 $ 128 $

Grimsby 133$ 133 $

North Dumfries 139 $ 135 $

Brampton 137$ 137 $

Centre Wellington 807 $ 145 $

Fort Erie 261 $ 151 $

Vaughan 179 $ 158 $

Clarington 173$ 173 $

Caledon 175$ 175 $

North Middlesex 286$ 185 $

Strathroy‐Caradoc 344 $ 191 $

Greater Sudbury 460 $ 192 $

Wellington North 407 $ 192 $

Lincoln 195$ 195 $

Cambridge 292$ 198 $

Mississauga 202$ 202 $

Total Debt Tax Debt Outstanding Outstanding Per

Municipality Per Capita Capita

Springwater 240$ 240 $

Elliot Lake 244$ 244 $

Windsor 373$ 265 $

Newmarket 377$ 270 $

Tay 980$ 283 $

Meaford 572$ 288 $

Guelph‐Eramosa 559$ 293 $

Orillia 307 $ 307 $

Grey Highlands 445$ 312 $

Kincardine 312 $ 312 $

Kitchener 313 $ 313 $

Timmins 1234 $ 322 $

Pickering 325$ 325 $

Erin 348$ 348 $

Ingersoll 358$ 358 $

King 551$ 377 $

Owen Sound 961$ 380 $

Chatham‐Kent 847 $ 382 $

Huntsville 382 $ 382 $

North Stormont 382$ 382 $

Milton 412 $ 412 $

Halton Hills 433 $ 433 $

Burlington 459$ 459 $

Oshawa 472$ 472 $

Norfolk 895$ 475 $

Minto 992$ 489 $

Brockton 511$ 511 $

Prince Edward County 1600 $ 518 $

Hamilton 739 $ 523 $

Waterloo 572$ 527 $

Brantford 771$ 529 $

Barrie 2061 $ 531 $

Orangeville 1026 $ 533 $

Middlesex Centre 1178 $ 540 $

Oakville 579 $ 579 $

Innisfil 596$ 596 $

Municipal Financial Indicators 106

Municipal Study 2018

2017 Total Debt Outstanding Per Capita (contrsquod)

107Municipal Financial Indicators

Municipality

Total Debt Outstanding

Per Capita

Tax Debt Outstanding Per

Capita

Tillsonburg 601 $ 601 $

Whitchurch ‐ Stouffville 602 $ 602 $

London 778 $ 616 $

Bracebridge 641 $ 641 $

Haldimand 1000$ 657 $

Lambton Shores 1059 $ 672 $

Cornwall 910$ 684 $

St Thomas 824 $ 693 $

Bancroft 1568 $ 717 $

Welland 830$ 730$

St Catharines 783 $ 756 $

Mapleton 900$ 762 $

Guelph 788 $ 769 $

North Bay 1110$ 787 $

Collingwood 1176 $ 795 $

Brockville 1191 $ 818 $

Thunder Bay 1777 $ 868 $

Parry Sound 2076 $ 891 $

St Marys 1223 $ 1052 $

Brant County 1366 $ 1068 $

North Perth 1163 $ 1072 $

Port Colborne 1287 $ 1117 $

Quinte West 2233 $ 1136 $

Peterborough 1482 $ 1175 $

Stratford 2082 $ 1331 $

Belleville 1814 $ 1377 $

Gravenhurst 1489 $ 1489 $

Pelham 1772 $ 1707 $

Ottawa 2417 $ 1731 $

Kingston 2855 $ 1913 $

Toronto 2168 $ 2168 $

Greenstone 3335 $ 3335 $

Average 731 $ 507 $ Median 555 $ 379 $

Municipality

Total Debt Outstanding Per Capita

Tax Debt Outstanding Per

Capita

Region Durham 167 $ 132 $

District Muskoka 1063 $ 157 $

Region Peel 976$ 176 $

Region Halton 548$ 189 $

Region Niagara 733$ 589 $

Region York 2911 $ 763 $

Region Waterloo 1224 $ 854 $

Average 1089$ 408$ Median 976$ 189$

Grey County 17 $ 17 $

Simcoe County 58 $ 58 $

Elgin County 94 $ 94 $

Wellington County 114 $ 114 $

Dufferin County 280$ 280 $

Bruce County 301$ 301 $

Average 144$ 144$

Median 104$ 104$

Municipal Study 2018

2017 Debt Outstanding Per Own Source Revenues

Municipality

Debt Outstanding as a of Own Source Revenues

Cambridge 236

Municipality

Debt Outstanding as a of Own Source Revenues

Springwater 242

Strathroy‐Caradoc 258

Ingersoll 295

Newmarket 301

Guelph 306

Meaford 308

Hamilton 313

King 330

Brantford 335

Grey Highlands 346

London 350

Wellington North 351

Chatham‐Kent 358

Brockton 361

Pickering 370

Innisfil 382

Cornwall 389

Burlington 395

St Thomas 395

Saugeen Shores 399

Huntsville 402

Waterloo 411

Thunder Bay 412

Espanola 425

Erin 427

Oakville 436

Haldimand 438

Oshawa 439

Halton Hills 446

St Marys 454

North Bay 456

Owen Sound 458

Timmins 463

Milton 490

Brockville 491

Norfolk 493

East Gwillimbury 00

Kenora 00

Richmond Hill 00

Whitby 00

Wilmot 00

Tiny 02

West Lincoln 14

Puslinch 22

Wainfleet 24

Markham 34

Thorold 44

Sault Ste Marie 72

Penetanguishene 73

Niagara‐on‐the‐Lake 98

Sarnia 99

Brock 104

Wellesley 107

Orillia 127

Brampton 140

Kincardine 141

Vaughan 144

Grimsby 149

Elliot Lake 150

Caledon 152

Windsor 154

North Middlesex 163

Fort Erie 172

Woolwich 186

Greater Sudbury 187

North Dumfries 194

Mississauga 198

Georgina 205

Kitchener 206

Clarington 216

Lincoln 221

Municipal Financial Indicators 108

Municipal Study 2018

2017 Debt Outstanding Per Own Source Revenues (contrsquod)

Municipality

Debt Outstanding as a of Own Source Revenues

Tillsonburg 509

Collingwood 526

Whitchurch ‐ Stouffville 538

Lambton Shores 545

Welland 557

Orangeville 566

North Stormont 568

Brant County 587

Bracebridge 587

North Perth 596

Peterborough 605

St Catharines 652

Toronto 672

Guelph‐Eramosa 696

Parry Sound 710

Tay 716

Belleville 729

Stratford 747

Greenstone 752

Centre Wellington 784

Prince Edward County 804

Minto 808

Middlesex Centre 809

Port Colborne 827

Bancroft 858

Ottawa 888

Barrie 928

Kingston 932

Mapleton 1059

Gravenhurst 1082

Quinte West 1314

Pelham 1637

Average 409

Median 385

Municipality

Debt Outstanding as a of Own Source Revenues

Region Durham

Region Halton

District Muskoka

Region Niagara

Region Peel

Region Waterloo

Region York

114

456

530

576

911

935

2069

Average

Median

799

576

Grey County

Simcoe County

Elgin County

Wellington County

Dufferin County

Bruce County

22

90

107

235

354

388

Average

Median

199

171

Municipal Financial Indicators 109

Municipal Study 2018

Debt To Reserve RatiomdashTrend

This includes discretionary reserves and all outstanding debt as reflected on Schedules 60 and 74A of the 2017 FIRs Note Reserves excludes obligatory reserves

Municipality 2013 2014 2015 2016 2017

Orillia (33) 53 12 12 (31)

East Gwillimbury 00 00 00 ‐

Kenora 03 03 ‐

Richmond Hill ‐

Whitby 00 ‐

Wilmot 00 ‐

Tiny 00

West Lincoln 00 00 00 00 00

Thorold 01 01 01 00 00

Puslinch 02 01 01 00

Wainfleet 01 01 01 00 00

Brock 02 01 01 01 01

Markham 00 01 01 01 01

Kincardine 01 02 01 01

Wellesley 01 01 01 02 02

Penetanguishene 02

North Middlesex 04 03 02

Elliot Lake 01 01 03 02 02

Grimsby 00 02

Vaughan 03 03 03 02 02

Lincoln 02 01 01 03 02

Springwater 03 04 03 03 02

Brampton 00 04 03 03 02

Clarington 03 03 03 03 02

Niagara‐on‐the‐Lake 04 03 05 03 02

Sarnia 12 09 06 05 03

North Dumfries 10 09 06 03

Woolwich 05 05 04 03 03

Georgina 06 05 04 04 03

Wellington North 05 05 04 03

Haldimand 03 03 03

Fort Erie 08 05 04 04 03

Sault Ste Marie 04 03 03 03 04

Strathroy‐Caradoc 08 08 07 05 04

Caledon 05 05 05 05 04

Mississauga 02 02 03 03 04

Municipal Financial Indicators 110

Municipal Study 2018

Debt To Reserve RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Pickering 06 04 04 05 04

London 09 07 06 05 05

Grey Highlands 03 03 02 04 05

Windsor 06 06 05 05 05

Ingersoll 15 19 11 08 05

Brockton 05

Saugeen Shores 07 07 07 06 05

Greater Sudbury 02 02 05 05 05

Cambridge 03 03 03 04 05

Hamilton 06 06 06 07 06

Guelph 06 05 05 07 06

King 12 08 10 08 06

Lambton Shores 21 14 10 08 06

Meaford 16 13 11 08 06

Chatham‐Kent 10 08 07 06

Oakville 03 02 07 06 06

Halton Hills 12 15 11 08 06

Newmarket 10 10 10 08 06

Collingwood 11 12 09 09 06

Norfolk 05 07

Burlington 07 07 06 08 07

Erin 06 05 08 07

Milton 07 06 06 04 07

Owen Sound 08 06 06 08 07

Brantford 08

Parry Sound 08 08 08 08

Innisfil 09 08 08 11 08

Espanola 12 08

St Marys 11 08 08 09

Cornwall 05 05 05 08 09

Mapleton 05 06 09

Brant County 13 08 08 07 09

Tay 09

Centre Wellington 11 11 09 09

North Stormont 11 09

Bracebridge 07 06 08 06 10

Municipal Financial Indicators 111

Municipal Study 2018

Debt To Reserve RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Minto

Oshawa

Peterborough

Guelph‐Eramosa

North Perth

Middlesex Centre

Huntsville

North Bay

St Thomas

Kitchener

Kingston

Port Colborne

Welland

Orangeville

Belleville

Gravenhurst

Whitchurch ‐ Stouffville

Waterloo

Thunder Bay

St Catharines

Toronto

Timmins

Stratford

Brockville

Tillsonburg

Barrie

Greenstone

Prince Edward County

Bancroft

Quinte West

Ottawa

Pelham

20

08

26

19

28

08

25

13

20

36

20

24

16

13

15

13

19

09

33

22

30

42

58

31

17

58

13

08

22

09

24

14

23

08

20

13

10

20

21

15

24

13

12

17

13

20

07

30

23

25

40

50

29

20

49

17

09

15

10

10

20

20

20

23

06

18

13

07

20

14

19

24

13

13

18

21

22

16

31

21

30

32

35

22

26

52

18

13

13

10

14

14

15

17

16

06

16

12

07

16

10

18

20

14

17

20

18

21

23

27

26

31

30

32

21

32

50

37

10

10

11

12

12

12

13

13

13

13

14

14

14

14

15

16

16

16

18

19

21

22

22

24

25

27

30

30

31

31

43

164

Average

Median

11

08

11

08

10

08

10

07

10

06

Municipal Financial Indicators 112

Municipal Study 2018

Debt To Reserve RatiomdashTrend (contrsquod)

Municipality

Region Durham

Region Halton

District Muskoka

Region Peel

Region Niagara

Region York

Region Waterloo

2013

03

04

12

10

08

17

20

2014

03

04

11

10

10

17

23

2015

02

04

09

09

11

15

25

2016

01

03

07

09

12

14

24

2017

01

03

06

08

12

13

23

Average

Median

11

10

11

10

11

09

10

09

09

08

Grey County

Simcoe County

Elgin County

Wellington County

Dufferin County

Bruce County

05

01

03

08

04

13

12

00

02

05

05

09

10

00

01

03

04

07

08

Average

Median

05

05

07

06

05

05

04

03

Municipal Financial Indicators 113

Municipal Study 2018

Debt Outstanding per $100000 of Unweighted AssessmentmdashTrend

Municipality 2013 2014 2015 2016 2017

East Gwillimbury 1$ 1$ 0$ ‐$

Kenora 555$ 489 $ ‐$

Richmond Hill ‐$

Whitby ‐$

Wilmot 2$ ‐$

Tiny 1$

Puslinch 24 $ 18$ 12 $ 6$

West Lincoln 3$ 22 $ 17 $ 13 $

Markham 18 $ 22 $ 20$ 17 $ 14$

Wainfleet 42 $ 35 $ 26$ 17 $ 17 $

Wellesley 38 $ 27 $ 16$ 45 $ 36$

Thorold 108$ 98 $ 88$ 63 $ 54$

Niagara‐on‐the‐Lake 103 $ 80 $ 98$ 79 $ 60$

Brock 95 $ 86 $ 77 $ 68$ 60$

Vaughan 113$ 99 $ 75 $ 66$ 66$

North Dumfries 116 $ 102 $ 88$ 74$

Caledon 144$ 119 $ 98$ 95 $ 74$

Woolwich 125 $ 114 $ 104$ 92 $ 82 $

Grimsby 1$ 0$ 2$ 92 $

Brampton 119 $ 108 $ 97 $

Mississauga 42 $ 64 $ 84$ 95 $ 103 $

North Middlesex 207 $ 152 $ 109 $

Penetanguishene 118 $

Clarington 190$ 217 $ 181 $ 149 $ 130$

Springwater 207$ 242 $ 216 $ 188 $ 135 $

Lincoln 112$ 91 $ 99 $ 170$ 138 $

Georgina 238$ 208 $ 182 $ 182 $ 150$

Kincardine 170 $ 237 $ 201 $ 159 $

Sarnia 420$ 361 $ 283 $ 237 $ 172 $

Erin 121$ 100$ 196 $ 172 $

King 345$ 274 $ 296 $ 233 $ 178 $

Pickering 144$ 149 $ 123 $ 144$ 185 $

Sault Ste Marie 227 $ 175 $ 145 $ 122 $ 196 $

Newmarket 362$ 319 $ 281 $ 238 $ 198 $

Huntsville 312 $ 283 $ 256 $ 234$ 207 $

Grey Highlands 13$ 113 $ 93 $ 168 $ 212 $

Municipal Financial Indicators 114

Municipal Study 2018

Debt Outstanding per $100000 of Unweighted AssessmentmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Oakville 135 $ 108 $ 275 $ 238 $ 213 $

Burlington 219 $ 212 $ 210 $ 252 $ 221 $

Milton 212 $ 169 $ 234 $ 192 $ 225 $

Halton Hills 279 $ 370 $ 321 $ 279 $ 226 $

Fort Erie 347 $ 299 $ 257 $ 285 $ 233 $

Cambridge 111 $ 97 $ 143 $ 166 $ 240 $

North Stormont 259 $ 242 $

Orillia 533 $ 462 $ 395 $ 329 $ 259 $

Kitchener 481 $ 417 $ 360 $ 310 $ 270 $

Whitchurch ‐ Stouffville 427 $ 1125 $ 376 $ 321 $ 273 $

Wellington North 517 $ 468 $ 367 $ 277 $

Guelph‐Eramosa 221 $ 193 $ 324 $ 278 $

Strathroy‐Caradoc 475 $ 425 $ 367 $ 357 $ 286 $

Innisfil 577 $ 515 $ 471 $ 405 $ 333 $

Bracebridge 206 $ 188 $ 170 $ 156 $ 345 $

Waterloo 445 $ 461 $ 416 $ 373 $ 348 $

Meaford 598 $ 523 $ 455 $ 404 $ 355 $

Brockton 365 $

Ingersoll 547 $ 615 $ 536 $ 464 $ 385 $

Saugeen Shores 625 $ 550 $ 487 $ 448 $ 397 $

Oshawa 570 $ 563 $ 507 $ 485 $ 405 $

Mapleton 147$ 225 $ 421 $

Lambton Shores 740 $ 656 $ 586 $ 509 $ 431 $

Greater Sudbury 245 $ 201 $ 520 $ 491 $ 442 $

Elliot Lake 197 $ 164 $ 618 $ 556 $ 492 $

Windsor 735 $ 2773 $ 642 $ 584 $ 527 $

Centre Wellington 761 $ 688 $ 605 $ 531 $

Guelph 659 $ 554 $ 480 $ 738 $ 566 $

Gravenhurst 758 $ 707 $ 658 $ 618 $ 569 $

Middlesex Centre 921 $ 808 $ 712 $ 624 $ 573 $

Hamilton 677 $ 749 $ 637 $ 725 $ 598 $

Tillsonburg 819 $ 725 $ 649 $ 618 $ 610 $

North Perth 1078 $ 855 $ 727 $ 620 $

Norfolk 642 $

Collingwood 1077 $ 1045 $ 915 $ 818 $ 688 $

Chatham‐Kent ‐$ 1110 $ 977 $ 845 $ 710 $

Municipal Financial Indicators 115

Municipal Study 2018

Debt Outstanding per 100000 of Unweighted AssessmentmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

London

Brantford

Haldimand

St Catharines

Tay

Orangeville

Brant County

Minto

Prince Edward County

Toronto

Welland

St Thomas

North Bay

Owen Sound

St Marys

Cornwall

Brockville

Pelham

Port Colborne

Peterborough

Ottawa

Espanola

Timmins

Barrie

Bancroft

Stratford

Belleville

Thunder Bay

Parry Sound

Kingston

Quinte West

Greenstone

1052 $

595 $

625 $

782 $

1110 $

935 $

1287 $

727 $

1364 $

1100 $

802 $

978 $

234 $

1199 $

1528 $

555 $

1807 $

2300 $

1139 $

2109 $

1914 $

936 $

3515 $

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

973

573

636

865

686

1002

929

1217

659

1214

953

1426

706

1021

266

559

1185

1362

501

1744

2061

1028

1984

2078

1813

1054

3242

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

910

642

786

596

779

840

889

957

1150

576

1369

819

1288

729

875

364

766

1296

1311

1556

1027

1666

2255

1587

1941

1909

1989

1505

2979

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

799

676

771

511

700

1018

791

917

1092

586

1189

1214

1153

1176

1195

887

670

1428

1307

1648

1706

2019

2003

1979

2111

1791

2169

2913

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

740

755

759

759

789

806

846

851

966

974

1011

1036

1064

1066

1155

1181

1202

1246

1337

1414

1473

1490

1542

1589

1656

1774

1821

1926

1967

2226

2303

2555

Average

Median

616 $

507 $

$

$

608

462

$

$

590

461

$

$

602

404

$

$

579

351

Municipal Financial Indicators 116

Municipal Study 2018

Debt Outstanding per 100000 of Unweighted AssessmentmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Region Durham

Region Halton

District Muskoka

Region Peel

Region Niagara

Region Waterloo

Region York

291 $

319 $

377 $

782 $

488 $

698 $

1261 $

297 $

307 $

710 $

552 $

955 $

1339 $

249 $

315 $

315 $

642 $

623 $

926 $

1333 $

193 $

292 $

294 $

633 $

607 $

948 $

1261 $

119 $

245 $

266 $

556 $

619 $

918 $

1167 $

Average

Median

602 $

488 $

693 $

631 $

629 $

623 $

604 $

607 $

556 $

556 $

Elgin County

Dufferin County

Grey County

Simcoe County

Wellington County

Bruce County

242 $

79 $

227 $

20 $

48 $

208 $

204 $

86 $

201 $

13 $

39 $

190 $

190 $

‐$

‐$

10 $

32 $

158 $

161 $

Average

Median

242 $

242 $

131 $

141 $

120 $

138 $

60 $

21 $

Municipal Financial Indicators 117

Municipal Study 2018

Taxes Receivable as a of Taxes Levied

This ratio is a strong indicator of the strength of a local economy and the ability of residents to pay their annual taxes This is calculated using Schedule 72A of the Financial Information Returns

Formula

Taxes Receivable

Taxes Levied

Target

Credit Rating agencies consider over 8 a negative factor

Interpretations

If this percentage increases over time it may indicate a decline in the municipalityrsquos economic health

Taxes Receivable as a of Tax LeviedmdashBy Location

Taxes Receivables

SimcoeMuskDuff

North

Eastern

NiagaraHamilton

Southwest

GTA

Municipal Financial Indicators 118

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location

Municipality 2013 2014 2015 2016 2017

Mississauga

Newmarket

Burlington

Oshawa

Milton

Oakville

Markham

Halton Hills

Toronto

Clarington

Whitby

Brampton

Vaughan

Richmond Hill

Caledon

Brock

East Gwillimbury

Georgina

Pickering

Whitchurch ‐ Stouffville

King

26

40

31

26

37

38

54

60

41

54

48

60

75

00

79

123

91

76

84

74

143

27

34

33

18

45

35

49

52

43

48

45

62

51

68

106

75

79

73

75

151

27

32

28

22

32

38

46

46

40

46

44

51

53

53

87

67

65

76

84

151

23

27

28

18

34

37

42

41

42

43

39

45

47

51

55

74

58

62

75

82

118

21

23

26

28

35

36

38

40

40

45

46

50

50

54

55

67

68

70

77

80

119

GTA Average

GTA Median

60

57

58

51

55

46

49

44

51

46

Municipal Financial Indicators 119

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location (contrsquod)

Municipality 2013 2014 2015 2016 2017

Kingston 36 29 29 23 21

Peterborough 36 37 32 23 23

Belleville 27 35 26 28 28

Cornwall 40 34 36 36 42

Ottawa 35 43 47 50 52

Prince Edward County 117 109 98 105 86

Quinte West 76 79 57 65 90

North Stormont 00 00 00 119 99

Brockville 49 55 75 84 104

Bancroft 166

Eastern Average 46 47 44 59 71

Eastern Median 36 37 36 50 69

Municipality 2013 2014 2015 2016 2017

Niagara‐on‐the‐Lake

St Catharines

Lincoln

Pelham

Fort Erie

Grimsby

Welland

Port Colborne

Wainfleet

Hamilton

Thorold

West Lincoln

71

61

92

81

109

00

125

118

85

85

141

58

62

74

72

100

66

124

58

114

86

61

164

48

64

82

77

91

54

140

59

95

84

73

148

31

55

60

71

83

61

104

58

76

81

59

94

30

51

52

55

60

64

64

72

73

74

99

102

NiagaraHamilton Average

NiagaraHamilton Median

88

86

80

72

84

79

69

64

66

64

Municipal Financial Indicators 120

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location (contrsquod)

Municipality 2013 2014 2015 2016 2017

Kenora 19 23 15 13 10

Greater Sudbury 28 23 25 24 30

Parry Sound 68 67 46 34

North Bay 42 48 45 40 45

Thunder Bay 63 54 71 63 58

Espanola 52 73

Elliot Lake 34 38 42 42 79

Timmins 66 72 65 60 79

Greenstone 182 183 186 162 129

Sault Ste Marie 128 117 110 150 195

North Average 70 69 68 67 73

North Median 53 54 58 46 65

Municipality 2013 2014 2015 2016 2017

Orangeville

Barrie

Penetanguishene

Gravenhurst

Collingwood

Bracebridge

Tiny

Orillia

Innisfil

Springwater

Tay

Huntsville

52

60

137

79

130

109

90

125

141

30

63

115

85

122

114

95

117

154

19

59

88

72

103

100

102

102

157

20

50

67

61

79

81

91

90

129

11

50

59

65

73

76

83

84

85

86

92

125

SimcoeMuskDuff Average

SimcoeMuskDuff Median

103

109

99

114

89

100

74

79

74

79

Municipal Financial Indicators 121

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location (contrsquod)

Municipality 2013 2014 2015 2016 2017

Sarnia

North Perth

London

Guelph

Tillsonburg

Wilmot

Ingersoll

Stratford

Brantford

Wellesley

Woolwich

Brant County

Centre Wellington

St Marys

Puslinch

Kitchener

Brockton

Waterloo

Chatham‐Kent

North Middlesex

Kincardine

Middlesex Centre

Strathroy‐Caradoc

Saugeen Shores

Owen Sound

Cambridge

St Thomas

Lambton Shores

Meaford

Guelph‐Eramosa

North Dumfries

Wellington North

Windsor

Norfolk

Erin

Minto

Mapleton

Grey Highlands

50

25

16

16

39

41

60

51

39

54

70

57

67

53

83

48

47

90

27

85

62

98

142

23

21

19

44

47

51

48

38

42

52

55

48

52

62

48

68

67

54

81

47

40

91

21

80

79

72

60

87

97

131

104

69

146

19

26

19

22

39

33

49

44

31

46

45

48

49

46

52

49

48

69

54

59

57

45

26

74

34

82

81

66

63

75

86

108

98

63

159

15

27

26

25

30

28

45

41

37

26

48

44

45

45

23

55

39

47

60

63

61

60

44

50

73

67

79

71

67

65

78

84

83

86

83

161

16

18

20

22

26

26

35

36

37

37

38

38

40

40

43

43

44

47

48

49

50

51

53

54

55

58

60

61

61

63

63

79

83

85

86

87

101

158

Southwest Average

Southwest Median

57

53

62

54

58

49

58

50

53

49

Municipal Financial Indicators 122

Municipal Study 2018

Rates Coverage Ratio

The Rates Coverage Ratio provides a measure of the municipalityrsquos ability to cover its costs through its

own sources of revenue According to the Ministry of Municipal Affairs and Housing a basic target is 40‐60 an intermediate is 60‐90 and an advanced target is 90 or greater

OSR as a of Total

Municipality Expenditures

Cornwall 620

St Thomas 626

Parry Sound 631

Wellesley 654

Norfolk 659

Milton 677

Bancroft 692

Peterborough 712

Greater Sudbury 743

Windsor 743

Brantford 745

Elliot Lake 757

Gravenhurst 757

North Stormont 776

Wilmot 777

Chatham‐Kent 781

Hamilton 791

Stratford 805

Tiny 808

Ottawa 808

Erin 814

Timmins 816

Toronto 825

London 834

Huntsville 836

Grey Highlands 841

North Dumfries 842

Prince Edward County 844

Tay 847

Brockton 854

Greenstone 854

Minto 855

Espanola 857

Puslinch 866

Kingston 874

Port Colborne 878

OSR as a of Total

Municipality Expenditures

Brampton 882

Guelph‐Eramosa 883

Halton Hills 890

Woolwich 897

Guelph 898

Bracebridge 899

Springwater 907

Clarington 909

Saugeen Shores 909

Lambton Shores 911

Kenora 912

Thunder Bay 912

Lincoln 913

Haldimand 916

Brock 919

Centre Wellington 923

Owen Sound 924

Markham 924

Vaughan 925

Barrie 927

Sault Ste Marie 929

North Bay 932

Grimsby 936

Pelham 938

Oakville 942

Mississauga 944

North Middlesex 950

Quinte West 956

Wellington North 958

Georgina 962

Waterloo 963

St Catharines 967

Newmarket 969

Whitchurch ‐ Stouffville 973

Brockville 973

Burlington 986

Municipal Financial Indicators 123

Municipal Study 2018

Rates Coverage Ratio Contrsquod

Municipality

OSR as a of Total

Expenditures

Pickering 987

Richmond Hill 990

Welland 998

Tillsonburg 1005

Thorold 1017

Cambridge 1022

Mapleton 1022

St Marys 1023

Belleville 1024

Penetanguishene 1024

Middlesex Centre 1028

Kincardine 1032

Sarnia 1036

Ingersoll 1038

Collingwood 1044

Oshawa 1045

Niagara‐on‐the‐Lake 1047

Kitchener 1047

King 1055

Caledon 1059

Fort Erie 1062

Orillia 1071

Wainfleet 1072

Brant County 1080

Innisfil 1092

East Gwillimbury 1093

Orangeville 1096

Meaford 1140

Strathroy‐Caradoc 1146

North Perth 1172

Whitby 1181

West Lincoln 1497

Average 921

Median 923

Municipality

OSR as a of Total

Expenditures

Region Niagara

Region Peel

Region Waterloo

District Muskoka

Region York

Region Durham

Region Halton

678

699

744

811

827

844

877

Average

Median

Simcoe County

Grey County

Wellington County

Dufferin County

Bruce County

Elgin County

783

811 3

509

580

581

647

652

654

Average

Median

604

614

Municipal Financial Indicators 124

Page 5: 2018 Final Report v8 - Stratford

399

Municipal Study 2018

Analysis of Net Municipal Levy Per Capita and Per Assessment

In order to better understand the relative tax position for a municipality another measure that has been included in the study is a comparison of net municipal levies on a per capita and per $100000 basis This measure indicates the total net municipal levy needed to provide services to the municipality This analysis

does not indicate value for money or the effectiveness in meeting community objectives Net municipal expenditures per capita may vary as a result of

Different service levels

Variations in the types of services

Different methods of providing services

Different residentialnon‐residential assessment composition

Varying demand for services

Locational factors

Demographic differences

Socio‐economic differences

Urbanrural composition differences

User fee policies

Age of infrastructure

What is being collected from rates as opposed to property taxes

As such this analysis is not an ldquoapples to applesrdquo comparison of services but rather has been included to provide insight into the net cost of providing municipal services within each municipality Further analysis would be required to determine the cause of the differences across each spending envelope and within

each municipality This analysis was completed using the most current information available ‐ net municipal levies as per the 2018 municipal levy by‐laws and the 2018 estimated populations

2018 Stratford Total Survey Average Southwest

Net Municipal Levy per Capita

Net Municipal Levy per $100000 Unweighted CVA

1701 $

1449 $

1527 $

1111 $

1497 $

1071 $

User Fees

A number of user fees have been included in the Study including the following

2018 Fees Stratford Total Survey Average Southwest

Development Charges ‐ Single Detached

Residential Building Permit Fee

13951 $

2013 $

33411 $

2270 $

20235 $

2081 $

Executive Summary

400

Municipal Study 2018

Comparison of Tax Ratios

Tax ratios reflect how a property class tax rate compares to the residential rate Changes in tax ratios affect

the relative tax burden between classes of properties Tax ratios can be used to prevent large shifts of the tax burden caused by relative changes in assessment among property classes as well as to lower the tax

rates on a particular class or classes

2018 Tax Ratios Stratford Total Survey Average

Multi‐Residential 20000 17902

Commercial (Residual) 19759 16871

Industrial (Residual) 27584 21826

Taxes and Comparison of Relative Taxes

The purpose of this section of the report is to undertake ldquolikerdquo property comparisons across each municipality and across various property types In total there are 12 property types in the residential multi ‐residential commercial and industrial classes There are many reasons for differences in relative tax

burdens across municipalities and across property classes including but not limited to

Differences in values of like properties

Differences in the tax ratios and the use of optional classes

Non‐uniform education tax rates in the non‐residential classes

Level of service provided and the associated costs

Extent to which a municipality employs user fees

Access to other sources of revenues such as dividends from hydro utilities and casino revenues

2018 Property Taxes Stratford Total Survey Average Southwest

Detached Bungalow

2 Storey Home

Senior Executive Home

Walk Up Apartment (per Unit)

MidHigh Rise (per Unit)

Neigh Shopping (per sq ft)

Office Building (per sq ft)

Hotels (per Suite)

Motels (per Suite)

Industrial Standard (per sq ft)

Industrial Large (per sq ft)

Industrial Vacant Land (per Acre)

$

$

$

$

$

$

$

$

$

$

$

$

3526

5558

6425

1856

2177

198

319

2322

1266

137

056

1321

3397 $

4524 $

6286 $

1382 $

1715 $

363 $

304 $

1602 $

1240 $

167 $

111 $

3673 $

3093 $

4322 $

6004 $

1377 $

1771 $

333 $

297 $

1521 $

1296 $

142 $

086 $

2007 $

Executive Summary

401

Municipal Study 2018

Comparison of Water and Sewer User Costs

A comparison was made of watersewer costs in each municipality The following table summarizes the costs in the municipality for water and sewer on typical annual consumption against the overall survey average

2018 WaterSewer Cost of Service Stratford

Total Survey Average Southwest

Residential ‐ 200 m3

Commercial ‐ 10000 m3

Industrial ‐ 30000 m3

Industrial ‐ 100000 m3

Industrial ‐ 500000 m3

$

$

$

$

$

772

27162

80845

268568

1341044

1074 $

36054 $

102824 $

334031 $

1647471 $

1135 $

36709 $

104178 $

331985 $

1676956 $

2018 Property Taxes and WaterWastewater Costs as a of Income

This section of the report provides a comparison of the availability of gross household income to fund municipal services on a typical household This provides a measure of affordability within each community

2018 Affordability Indicators Stratford Total Survey Average Southwest

Property Taxes as a of Household Income

WaterSewer + Taxes as a of Household Income

45 38

54 49

36

48

Economic Development Programs

A summary was completed of programs that municipalities have implemented to promote economic

development in the areas of retention and expansion downtown development and brownfield

redevelopment

Executive Summary

1

Municipal Study 2018

Executive Summary

Municipal Study 2018

SECTION 1 Introduction

Since 2000 BMA Management Consulting Inc has annually completed a municipal comparative study on behalf of participating Ontario municipalities The Executive Summary provides an overview of the analysis

contained in the comprehensive report

The study identifies both key quantifiable indicators and selective environmental factors that should be considered as part of a comprehensive evaluation of a local municipalityrsquos financial condition Use of the study over a number of years provides trends to allow decision makers to monitor selected indicators over

time Trend analysis helps to provide interpretative context In addition context can be provided by

comparing a municipalityrsquos own experience with the experience of other municipalities

108 Ontario municipalities representing in excess of 85 of the population

Number of Populations Municipalities 100000 or greater 26

30000 ‐ 99999 27

15000 ‐ 29999 24

0 ‐ 14999 31

Total 108

The analysis was completed using the most recent information available as provided by the participating municipalities including

2018 Current Value Assessment

2018 Tax Policies

2018 Levy By‐laws

2018 Development Charges

2018 WaterSewer Rates

2017 FIRs

2018 User Fees

Economic Development Programs

Executive Summary 2

Municipal Study 2018

2018 Municipalities Included in the Study

The following provides a summary of the municipalities participating by population range

Populations 15000 or less

Populations 15000 ndash 29999

Populations 30000 ndash 99999

Populations gt100000

Bancroft

Brock

Brockton

Central Elgin

Elliot Lake

Erin

Espanola

Gravenhurst

Greenstone

Grey Highlands

Guelph‐Eramosa

Ingersoll

Kincardine

Lambton Shores

Mapleton

Meaford

Minto

North Dumfries

North Middlesex

North Perth

North Stormont

Parry Sound

Penetanguishene

Puslinch

Saugeen Shores

St Marys

Tay

Tiny

Wainfleet

Wellesley

Wellington North

Bracebridge

Brockville

Centre Wellington

Collingwood

East Gwillimbury

Grimsby

Huntsville

Kenora

King

Lincoln

Middlesex Centre

Midland

Niagara‐on‐the‐Lake

Owen Sound

Pelham

Port Colborne

Prince Edward County

Springwater

Strathroy‐Caradoc

Thorold

Tillsonburg

West Lincoln

Wilmot

Woolwich

Barrie

Brampton

Brantford

Burlington

Cambridge

Chatham‐Kent

Durham Region

Greater Sudbury

Guelph

Halton Region

Hamilton

Kingston

Kitchener

London

Markham

Milton

Mississauga

Niagara Region

Oakville

Oshawa

Ottawa

Peel Region

Richmond Hill

Simcoe County

St Catharines

Thunder Bay

Toronto

Vaughan

Waterloo Region

Waterloo

Whitby

Windsor

York Region

Aurora

Belleville

Brant

Bruce County

Caledon

Clarington

Cornwall

Fort Erie

Georgina

Grey County

Haldimand

Halton Hills

Innisfil

Muskoka District

Newmarket

Niagara Falls

Norfolk

North Bay

Orangeville

Orillia

Peterborough

Pickering

Quinte West

Sarnia

Sault Ste Marie

St Thomas

Stratford

Timmins

Welland

Wellington County

Whitchurch‐Stouffville

Executive Summary 3

Municipal Study 2018

SECTION 2 Socio‐Economic Indicators

A complete assessment of a municipalityrsquos financial condition should include consideration of socio‐economic factors Socio‐economic indicators describe and quantify a municipalityrsquos wealth and economic conditions and provide insight into a municipalityrsquos ability to generate revenue relative to the municipalitys demand for public services An evaluation of socio‐economic indicators contributes to the development of sound financial policies

Land Density

Population density indicates the number of residents living in an area (usually measured by square

kilometre) Analysis of density can provide insight into the age of a city growth patterns zoning practices and new development opportunities High population density can indicate whether a municipality may be reaching build‐out as well as service and infrastructure needs such as additional public transit or street

routes The following graph provides a summary of average population density per square kilometre by geographic location

GTA

SimcoeMuskDuff

Southwest

Eastern

NiagaraHamilton

North

Population Density per Sq Km

‐ 200 400 600 800 1000 1200

Executive Summary 4

Municipal Study 2018

Population Growth

The following graph shows the change in population from 2006‐2011 and from 2011‐2016 As shown in the graph the GTA municipalities experienced the largest population percentage growth in both periods

Northern municipalities experienced the lowest percentage of population growth

‐20

00

20

40

60

80

100

2006‐2011 2011‐2016

Household Income

Household income is one measure of a communityrsquos ability to pay While a higher relative household income is a positive indicator of the overall local economy it may lead to a greater expectation for quality programs and additional challenges in balancing desired levels of service with a willingness to pay for programs and services The average household income varies by geographic location The average household income in Northern municipalities was $84288 compared with $115474 in the GTA

Eastern

North

SimcoeMuskDuff

NiagaraHamilton

Southwest

GTA

2018 Household Income

$‐ $20000 $40000 $60000 $80000 $100000 $120000 $140000

Executive Summary 5

Municipal Study 2018

Assessment Per Capita

Property assessment is the basis upon which municipalities raise taxes A strong assessment base is critical to a municipalityrsquos ability to generate revenues Assessment per capita statistics have been compared to provide an indication of the ldquorichnessrdquo of the assessment base in each municipality Unweighted assessment provides the actual current value assessment of the properties Weighted assessment reflects the basis upon

which property taxes are levied after applying the tax ratios to the various property classes to the unweighted assessment The average assessment per capita is highest in the GTA and lowest in Northern

municipalities

GTA

SimcoeMuskDuff

Southwest

NiagaraHamilton

Eastern

North

Weighted Assessment per Capita

Unweighted Assessment per Capita

$‐ $50000 $100000 $150000 $200000 $250000

Assessment Change

Assessment growth provides an indication of how the base upon which

taxes are levied is changing over time From 2017mdash2018 the assessment increased by 62 on average across the 108 Ontario municipalities The GTA geographic area experienced the largest

increase at 98

Municipalities Grouped by Location 2014‐2015 2015‐2016 2016‐2017 2017‐2018

Eastern 41 48 24 39

North 56 50 07 41

Southwest 48 45 51 60

SimcoeMuskDuff 35 35 42 65

NiagaraHamilton 42 37 44 70

GTA 64 60 87 98

Executive Summary 6

Municipal Study 2018

Residential Properties

Residential properties were broken down by property type to provide an indication of the housing mix in each municipality The following graph reflects the average assessed values for residential properties by geographic location

Average House Value (000s)

GTA

SimcoeMuskDuff

Southwest

NiagaraHamilton

Eastern

North

$‐ $100 $200 $300 $400 $500 $600

Construction Activity

The three year average of building permits per capita were analyzed to provide a measure of relative building activity in each municipality and across the geographic locations The following reflects the results from 2015‐2017

$‐ $1000 $2000 $3000 $4000

North

Eastern

Southwest

NiagaraHamilton

SimcoeMuskDuff

GTA

Construction per Capita (3 yr avg)

Executive Summary 7

0‐25 20

Municipal Study 2018

SECTION 3 Municipal Financial Sustainability Indicators

The Financial Indicators section of the report includes a number of indicators to assist municipalities in evaluating financial condition A municipalityrsquos financial position is defined as the total fund balances including equity in business government enterprises less the amount to be recovered in future years associated with long‐term liabilities A comparison was made of each municipalityrsquos overall financial position (assets less liabilities) There is a significant range in municipal financial position per capita across

Ontario from a low of negative ($2460) to a high of $4914 per capita The following graph provides the percentage of municipalities that fall within each range

Financial Position Per Capita

less than ‐$1000 12

‐$1000‐$0 13

greater than $1000 25

$0‐$1000 50

Asset Consumption Ratio

The asset consumption ratio reflects the written down value of the tangible capital assets in relation to the

historical costs of the assets This ratio seeks to highlight the aged condition of the assets and the potential asset replacement needs A higher ratio may indicate significant replacement needs However if assets are renewed and replaced in accordance with an asset management plan a high ratio should not be a cause

for concern The following graphs reflect the ratio ranges across the survey for tax water and wastewater assets

Tax Water Wastewater

26‐50 73

51‐75 22

greater than 75 greater than 75 greater than 75 1 11 51‐75 9 0‐25 4

26‐50 70

0‐25 17 51‐75 7

26‐50 75

Executive Summary 8

0‐30 23 40

2‐3 13

Municipal Study 2018

Reserves

Reserves are a critical component of a municipalityrsquos long‐term financing plan The following graphs provide the range of reserves as a percentage of own source revenues for tax supported services water and wastewater The level of reserves required will vary for a number of reasons including

Services provided by the municipality

Age and condition of infrastructure inventory of fleet and vehicles supporting municipal operations

Level of expenditures

Internal debt and reserve policies

Targets ranges established on a reserve by reserve basis

Economic conditions and projections

Tax of OSR Water of OSR WW of OSR

greater than 90 greater than 90

8 0‐30 20 0‐30 27

greater than 90 60‐90 27 43

30‐60 11

30‐60 29

60‐90 8 30‐60 45 60‐90 19

Debt Indicators

Debt indicators can reveal increasing reliance on debt decreasing flexibility sudden large increases or decreases in future debt service and the amount of debt that a community can absorb The following graphs

summarize the debt interest ratio for tax water and wastewater to provide an understanding of the percentage of municipalities within various ranges of the debt interest ratio This ratio indicates the extent

to which a municipalityrsquos operating revenues are committed to interest expenses

Tax Water WW

greater than 3 5

0‐2 9

2‐10 8

0‐2 14

greater than

2‐10 4

0‐1 51

1‐2 31

greater than 10 82 10 83

Executive Summary 9

Municipal Study 2018

Taxes Receivable as a of Taxes Levied

Every year a percentage of property owners is unable to pay property taxes If this percentage increases over time it may indicate an overall decline in the municipalityrsquos economic health Additionally as uncollected property taxes rise liquidity decreases If the percentage of uncollected property taxes increases over time it may indicate an overall decline in the municipalityrsquos economic health The following graph provides a summary of the 2017 taxes receivable as a percentage of taxes levied in each of the geographic areas

Taxes Receivables as Taxes Levied

SimcoeMuskDuff

North

Eastern

NiagaraHamilton

Southwest

GTA

00 20 40 60 80

SECTION 4 Revenue amp Expenditure Analysis

Net Municipal Levy per Capita and per $100000 of assessment

Different service levels

Variations in the types of services

Different methods of providing services

User fee policies

Different assessment composition

Varying demand for services

Locational factors

Demographic differences

Socio‐economic differences

Urbanrural composition differences

Levy per Capita Levy per $100000 of Assesment

Eastern

Southwest

GTA

NiagaraHamilton

SimcoeMuskDuff

North

$‐ $200 $400 $600 $800 $1000 $1200 $1400 $1600 $1800 $2000

An analysis of levy per capita and per $100000 of assessment does not indicate value for money or the effectiveness in meeting

community objectives Municipal levies may vary as a result of

Net municipal levy per capita was calculated using Manifold Data Mining 2018 estimated population and the

2018 municipal levies The net levy on a per capita basis ranged from $1006 to $3038 (with an average of $1527 per capita) Net levy per $100000 of assessment is also provided The net levy on a per $100000 of unweighted assessment basis ranged across the municipalities from $538 to $2328 (with an average of $1111 per $100000 of assessment)

Executive Summary 10

Municipal Study 2018

SECTION 5 Select User Fee and Revenue Information

The Select User Fee and Revenue Information section of the report includes development charges building

permit fees tipping fees and transit fares

Development Charges

The recovery of costs by Ontario municipalities for capital infrastructure required to support new growth is governed by the Development Charges Act (1997) and supporting regulations The following table

summarizes the 2018 development charges Note some municipalities do not charge development charges

Non‐

Apartment Apartment Non‐Residential Residential 2018 Development Multiples units gt=2 units lt 2 (per Commercial (per Industrial

Charges Residential Dwelling 3+ (per unit) unit) sqft) (per sqft)

North $ 13789 7645 $ 6624 $ 6624 $ 761 $ 463 $

Eastern $ 15360 11682 $ 9562 $ 7374 $ 917 $ 543 $

Southwest $ 20235 15639 $ 12058 $ 10239 $ 795 $ 627 $

SimcoeMuskDuff $ 25843 21705 $ 16842 $ 13480 $ 920 $ 731 $

NiagaraHamilton $ 27231 19513 $ 18055 $ 11481 $ 1640 $ 854 $

GTA $ 72422 59269 $ 43903 $ 32204 $ 4265 $ 2132 $

SECTION 6 Tax Policies

The relative tax burden in each class of property will be impacted by the type of tax policies implemented in each municipality As such an analysis of the 2018 tax policies that impact the relative tax position was completed The following table summarizes the range of 2018 tax ratios across the survey

2018 Tax Ratios Average Median Min Max

Multi‐Residential 17902 18831 10000 26342

Commercial 16871 16929 11000 28476

Industrial 21826 22150 11000 47186

Executive Summary 11

Municipal Study 2018

SECTION 7 Comparison of Relative Taxes

Like property comparisons were undertaken on 12 property types that were of most interest to the participating municipalities In order to calculate the relative tax burden of ldquolikerdquo properties every effort was

made to hold constant those factors deemed to be most critical in determining a propertyrsquos assessed value There are many reasons for differences in relative tax burdens across municipalities and across property

classes These include but are not limited to the following

The values of like properties vary significantly across municipalities

The tax ratios in each class and the use of optional classes

Non‐uniform education tax rates in the non‐residential classes

Tax burdens across municipalities also vary based on the level of service provided and the associated costs

of providing these services

Extent to which a municipality employs user fees or has access to other sources of revenues such as dividends from hydro utilities gaming amp casino revenues

Residential Detached Senior Industrial Standard per Vacant Land Properties Bungalow 2 Storey Executive Properties sqft Large per sqft per acre

North $ 3153 $ 4817 6570 $ North 190 $ 100 $ 2609 $

Eastern $ 3185 $ 4401 6273 $ Eastern 148 $ 119 $ 2579 $

Southwest $ 3093 $ 4322 6004 $ Southwest 142 $ 086 $ 2007 $

SimcoeMuskDuff $ 3014 $ 4037 5703 $ SimcoeMuskDuff 131 $ 103 $ 1949 $

NiagaraHamilton $ 3518 $ 4693 6328 $ NiagaraHamilton 188 $ 090 $ 3669 $

GTA $ 4188 $ 4955 6859 $ GTA 219 $ 158 $ 8602 $

Survey Average $ 3397 $ 4524 6286 $ Survey Average 167 $ 111 $ 3673 $

Survey Median $ 3345 $ 4636 6223 $ Survey Median 169 $ 108 $ 2106 $

Neigh Multi‐Residential High Rise per Commercial Shopping per Hotel per Motel per Properties Walk Up per Unit Unit Properties Office per sqft sqft suite suite

North 1329 $ 1636 $ North 301 $ 335 $ 1417 $ 1270 $

Eastern 1561 $ 2091 $ Eastern 318 $ 399 $ 1902 $ 1420 $

Southwest 1377 $ 1771 $ Southwest 297 $ 333 $ 1521 $ 1296 $

SimcoeMuskDuff 1026 $ 1615 $ SimcoeMuskDuff 278 $ 328 $ 1848 $ 1094 $

NiagaraHamilton 1618 $ 1752 $ NiagaraHamilton 280 $ 387 $ 1870 $ 1117 $

GTA 1401 $ 1544 $ GTA 341 $ 421 $ 1417 $ 1208 $

Survey Average 1382 $ 1715 $ Survey Average 304 $ 363 $ 1602 $ 1240 $

Survey Median 1365 $ 1744 $ Survey Median 305 $ 374 $ 1467 $ 1208 $

Executive Summary 12

Municipal Study 2018

SECTION 8 Comparison of WaterSewer Costs

The establishment of water and sewer rates is a municipal responsibility and the absence of standard procedures across Ontario has resulted in the evolution of a great variety of rate structure formats There was considerable diversity across the survey in terms of the costs of watersewer and how services are

charged

Residential Commercial Industrial Industrial Industrial

Volume 200 m3

10000 m3 30000 m3

100000 m3 500000 m3

Meter Size 58 2 3 4 6

Average 1074 $ 36054 $ 102824 $ 334031 $ $ 1647471

Median 1038 $ 33087 $ 96928 $ 313040 $ $ 1541796

Min 463 $ 9626 $ 22026 $ 89898 $ 370994 $

Max 2090 $ 86527 $ 186000 $ 620000 $ $ 3100000

SECTION 9 Property Taxes and WaterWastewater as a of Income

A comparison was made of relative property tax burdens and watersewer costs on comparable properties

against the median household incomes The report also calculates the total municipal tax burden as a percentage of income available on an average household

Total Municipal Burden as a of Household Income

GTA 45

Southwest 48

North 49

NiagaraHamilton 51

SimcoeMuskDuff 54

Eastern 55

SECTION 10 Economic Development Programs

Business Retention amp Expansion Programs

DowntownArea Specific Programs

Brownfield Redevelopment

Executive Summary 13

Municipal Study 2018

IntroductionmdashMunicipal Study 2018

1

Municipal Study 2018

Introduction

For the past seventeen years BMA Management Consulting Inc has annually completed a municipal comparative study on behalf of participating Ontario municipalities This report brings together a group of indicators to give an overall snapshot for each municipality The analysis was completed using the most

recent information available as provided by the participating municipalities including

2018 current value assessment

2018 tax policies

2018 levy by‐laws

2018 development charges

2018 watersewer rates

2017 FIRs (as available)

2018 user fees

Economic development programs

To facilitate the analysis given the significant volume of information included in the report the

information is also accessible through BMArsquos online password protected database This provides the

participating municipalities with the ability to select only those municipalities that are of interest and to focus on specific areas of interest The database also provides the ability to analyze trends with data available over a five year period The database can be accessed from the BMA website wwwbmaconsultcom This information can be downloaded from the website into Excel to allow municipalities the ability to track their progress over time and to focus their analysis on specific comparators which can be incorporated into reports and presentations

For more information please feel free to contact

BMA Management Consulting Inc

139 Markland St Hamilton L8P 2K3

Phone (905) 528‐3206

Fax (905) 528‐3210

bmaonaibncom

Contacts Jim Bruzzese or Catherine Minshull

Introduction 2

Municipal Study 2018

Municipal Study Database

Introduction 3

Municipal Study 2018

Why Participate in a Study

The study identifies key financial and economic indicators and factors that should be

considered as part of a comprehensive evaluation of a municipalityrsquos financial condition

Use of the study over a number of years provides trends to allow decision makers to

monitor selected indicators over time Trend analysis helps to provide interpretative context Additional context can come from comparing a municipalityrsquos own experience with the experience of other municipalities While the study includes 108 municipalities it is recommended that the users take advantage of the online database to focus on

similar municipalities

Many of the analytical techniques included in the report are consistent with approaches used by credit

rating agencies and are also used by the International CityCounty Management Association (ICMA) The information contained in this report can help local municipalities analyze and interpret financial economic

and demographic trends Trend analysis is critical to truly understand and evaluate a municipalityrsquos financial condition and to provide early warning signals of potential or emerging financial problems

It is anticipated that the consolidation of the financial and economic indicators contained in the Municipal

Study will achieve the following goals and objectives

To help municipal decision‐makers in assessing market conditions

To understand the unique characteristics of each municipality

To understand the relationship between various controllable and uncontrollable factors in addressing a municipalityrsquos competitive opportunities and challenges

To develop a database of material that can be updated in future years to assess progress and establish targets

To create awareness of the trends and the potential need to modify policies

To assist in aligning municipal decisions in property taxation with other economic development

programs and initiatives

To assist municipalities in developing a long‐term strategy for property taxation to achieve municipal competitive objectives in targeted property classes

To create a baseline source of information that will assist municipalities in addressing specific areas of concern and to gain a better understanding of how other municipalities have addressed similar concerns

To understand the impact of reassessment and growth

To identify areas that may require further review (eg service levels user fees service delivery)

Introduction 4

Municipal Study 2018

Municipalities Represented in the Study

The following summarizes the municipalities by population range

Populations 15000 or less

Populations 15000 ndash 29999

Populations 30000 ndash 99999

Populations gt100000

Bancroft

Brock

Brockton

Central Elgin

Elliot Lake

Erin

Espanola

Gravenhurst

Greenstone

Grey Highlands

Guelph‐Eramosa

Ingersoll

Kincardine

Lambton Shores

Mapleton

Meaford

Minto

North Dumfries

North Middlesex

North Perth

North Stormont

Parry Sound

Penetanguishene

Puslinch

Saugeen Shores

St Marys

Tay

Tiny

Wainfleet

Wellesley

Wellington North

Bracebridge

Brockville

Centre Wellington

Collingwood

East Gwillimbury

Grimsby

Huntsville

Kenora

King

Lincoln

Middlesex Centre

Midland

Niagara‐on‐the‐Lake

Owen Sound

Pelham

Port Colborne

Prince Edward County

Springwater

Strathroy‐Caradoc

Thorold

Tillsonburg

West Lincoln

Wilmot

Woolwich

Barrie

Brampton

Brantford

Burlington

Cambridge

Chatham‐Kent

Durham Region

Greater Sudbury

Guelph

Halton Region

Hamilton

Kingston

Kitchener

London

Markham

Milton

Mississauga

Niagara Region

Oakville

Oshawa

Ottawa

Peel Region

Richmond Hill

Simcoe County

St Catharines

Thunder Bay

Toronto

Vaughan

Waterloo Region

Waterloo

Whitby

Windsor

York Region

Aurora

Belleville

Brant

Bruce County

Caledon

Clarington

Cornwall

Fort Erie

Georgina

Grey County

Haldimand

Halton Hills

Innisfil

Muskoka District

Newmarket

Niagara Falls

Norfolk

North Bay

Orangeville

Orillia

Peterborough

Pickering

Quinte West

Sarnia

Sault Ste Marie

St Thomas

Stratford

Timmins

Welland

Wellington County

Whitchurch‐Stouffville

Introduction 5

Municipal Study 2018

Socio‐Economic Indicators

Socio Economic Indicators 6

Municipal Study 2018

Socio‐Economic Indicators

A complete assessment of local governmentrsquos financial condition should include socio‐economic factors

Socio‐economic indicators describe and quantify a municipalityrsquos wealth and economic conditions and

provide insight into a municipalityrsquos collective ability to generate revenue relative to the municipalitys demand for public services An examination of local economic and demographic characteristics can identify the following situations

A decline in the tax base as measured by population property value employment or business activity

A need to shift public service priorities because demographic changes in the municipality

A need to shift public policies because of changes in economic conditions

An evaluation of socio‐economic factors contributes to the development of sound financial policies The

Socio‐Economic Factors section of the report includes the following information to assist municipalities in understanding some basic facts about each municipality included in the study

Population Statistics (2006‐2018)

Note Manifold Data Mining estimates for 2018 includes the undercount normally 3‐5 of population

Age Demographics

Average Household Income

Land Area and Density

Labour Statistics

Assessment Per Capita

Change in Unweighted Assessment (2013‐2018)

Assessment Composition By Class

Consolidated Unweighted and Weighted Assessment (Residential vs Non‐Residential)

Shift in Tax BurdenmdashUnweighted to Weighted Residential Assessment

Residential Properties by Type

Building Construction Activity (Residential Non‐Residential)

Socio Economic Indicators 7

Municipal Study 2018

Population Statistics 2006‐2018 (sorted highest to lowest population)

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Ottawa 812129 883391 934243 993556 88 58

Toronto 2503281 2615060 2731571 2890660 45 45

Brampton 433806 523911 593638 648883 208 133

Mississauga 668549 713443 721599 772000 67 11

London 352395 366151 383822 406751 39 48

Hamilton 504559 519949 536917 565591 31 33

Vaughan 238866 288301 306233 334499 207 62

Markham 261573 301709 328966 354135 153 90

Windsor 216473 210891 217188 228533 ‐26 30

Kitchener 204668 219153 233222 248635 71 64

Oakville 165613 182520 193832 206478 102 62

Richmond Hill 162704 185541 195022 206889 140 51

Oshawa 141590 149607 159458 170096 57 66

Burlington 164415 175779 183314 193853 69 43

Barrie 128430 135711 141434 149374 57 42

Greater Sudbury 157857 160274 161531 168518 15 08

St Catharines 131989 131400 133113 139152 ‐04 13

Guelph 114943 121688 131794 141485 59 83

Whitby 111184 122022 128377 136235 97 52

Cambridge 120371 126748 129920 136454 53 25

Milton 53889 84362 110128 119498 565 305

Kingston 117207 123363 123798 128937 53 04

Waterloo 97475 98780 104986 111868 13 63

Thunder Bay 109140 108359 107909 112042 ‐07 ‐04

Chatham‐Kent 108177 103671 101647 104889 ‐42 ‐20

Brantford 90192 93650 97496 103036 38 41

Pickering 87838 88721 91771 96747 10 34

Clarington 77820 84548 92013 98976 86 88

Niagara Falls 82184 82997 88071 93786 10 61

Newmarket 74295 79978 84224 89420 76 53

Peterborough 74898 78698 81032 85227 51 30

Sault Ste Marie 74948 75141 73368 75584 03 ‐24

Socio Economic Indicators 8

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod)

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Caledon 57050 59460 66502 72326 42 118

Sarnia 71419 72366 71594 74143 13 ‐11

Halton Hills 55289 59008 61161 64522 67 36

Norfolk 62563 63175 64044 66969 10 14

Welland 50331 50631 52293 55088 06 33

Aurora 47629 53203 55445 58618 117 42

North Bay 53966 53651 51553 52773 ‐06 ‐39

Bellevil le 48821 49454 50716 53277 13 26

Cornwall 45965 46340 46589 48556 08 05

Whitchurch‐Stouffvil le 24390 37628 45837 51571 543 218

Haldimand 45212 44876 45608 47738 ‐07 16

Georgina 42346 43517 45418 48045 28 44

Timmins 42997 43165 41788 42904 04 ‐32

Quinte West 42697 43086 43577 45533 09 11

Innisfi l 31175 33079 36566 39745 61 105

St Thomas 36110 37905 38909 40889 50 26

Stratford 30461 30886 31465 32959 14 19

Brant 34415 35638 36707 38626 36 30

Fort Erie 29925 29960 30710 32254 01 25

Orill ia 30259 30586 31166 32656 11 19

Centre Wellington 26049 26693 28191 29963 25 56

Orangevil le 26925 27975 28900 30450 39 33

King 19487 19899 24512 27703 21 232

Grimsby 23937 25325 27314 29274 58 79

East Gwill imbury 21069 22473 23991 25610 67 68

Woolwich 19658 23145 25006 26819 177 80

Lincoln 21722 22487 23787 25297 35 58

Prince Edward County 25496 25258 24735 25512 ‐09 ‐21

Collingwood 17290 19241 21793 23815 113 133

Owen Sound 21753 21688 21341 22053 ‐03 ‐16

Brockvil le 21957 21870 21346 21987 ‐04 ‐24

Wilmot 17097 19223 20545 21939 124 69

Socio Economic Indicators 9

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod)

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Huntsvil le 18280 19056 19816 20931 42 40

Strathroy‐Caradoc 19977 20978 20867 21656 50 ‐05

Thorold 18224 17931 18801 19925 ‐16 49

Springwater 17456 18223 19059 20178 44 46

Port Colborne 18599 18424 18306 18990 ‐09 ‐06

Niagara‐on‐the‐Lake 14587 15400 17511 19166 56 137

Pelham 16155 16598 17110 18010 27 31

Middlesex Centre 15589 16487 17262 18283 58 47

Bracebridge 15652 15409 16010 16903 ‐16 39

Midland 16330 16572 16864 17661 15 18

Kenora 15177 15348 15096 15597 11 ‐16

Tillsonburg 14822 15301 15872 16749 32 37

Saugeen Shores 11720 12661 13715 14724 80 83

West Lincoln 13167 13837 14500 15363 51 48

Guelph‐Eramosa 12066 13458 12854 13569 115 ‐45

North Perth 12254 12631 13130 13867 31 40

Gravenhurst 11046 11640 12311 13094 54 58

Ingersoll 11760 12146 12757 13529 33 50

Wellington North 11175 11477 11914 12576 27 38

Central Elgin 12723 12743 12607 13056 02 ‐11

Brock 11979 11341 11642 12234 ‐53 27

Tiny 10754 11232 11787 12495 44 49

Wellesley 9789 10713 11260 11944 94 51

Erin 11148 10770 11439 12185 ‐34 62

Meaford 10948 11100 10991 11386 14 ‐10

Kincardine 11173 11174 11389 11935 00 19

Lambton Shores 11150 10656 10631 11049 ‐44 ‐02

Mapleton 9851 9989 10527 11179 14 54

North Dumfries 9063 9334 10215 11012 30 94

Elliot Lake 11549 11348 10741 10930 ‐17 ‐53

Tay 9748 9736 10033 10560 ‐01 31

Grey Highlands 9480 9520 9804 10316 04 30

Socio Economic Indicators 10

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod )

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Brockton 9641 9432 9461 9852 ‐22 03

Penetanguishene 9354 9111 8962 9260 ‐26 ‐16

Minto 8504 8334 8671 9161 ‐20 40

St Marys 6617 6655 7265 7823 06 92

Puslinch 6689 7029 7336 7760 51 44

North Stormont 6769 6775 6873 7189 01 14

Parry Sound 5818 6191 6408 6756 64 35

Wainfleet 6601 6356 6372 6633 ‐37 03

North Middlesex 6740 6658 6352 6484 ‐12 ‐46

Espanola 5314 5364 4996 5051 09 ‐69

Greenstone 4906 4724 4636 4786 ‐37 ‐19

Bancroft 3838 3880 3881 4037 11 00

Survey Total 10293100 10942150 11468780 12177245 63 48

Provincial Total 12851821 13366300 13792052 14125923 40 32

Socio Economic Indicators 11

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod )

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Peel Region 1159405 1296814 1381739 1493209 119 65

York Region 892712 1032249 1109909 1188226 156 75

Durham Region 561258 608124 645862 688082 84 62

Halton Region 439256 501669 548435 584351 142 93

Waterloo Region 478121 507096 535154 568671 61 55

Niagara Region 427421 431346 447888 472938 09 38

Simcoe County 263515 279766 307050 315744 62 98

Wellington County 85482 86672 90932 96393 14 49

Bruce County 60310 60264 68147 71733 ‐01 131

Muskoka District 57563 58047 60599 64144 08 44

Grey County 89073 92568 93830 NA 39 14

Summary of Population Change by Geographic Area

The following table summarizes the average population change in percentage each of the geographic areas

2006‐2011 2011‐2016

10

8

6

4

2

0

‐2

Socio Economic Indicators 12

Municipal Study 2018

GTA Municipalitiesmdash change in population 2006‐2018

1 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006 2011

Change 2011 2016

Mississauga 668549 713443 721599 772000 67 11

Brock 11979 11341 11642 12234 ‐53 27

Pickering 87838 88721 91771 96747 10 34

Halton Hills 55289 59008 61161 64522 67 36

Aurora 47629 53203 55445 58618 117 42

Burlington 164415 175779 183314 193853 69 43

Georgina 42346 43517 45418 48045 28 44

Toronto 2503281 2615060 2731571 2890660 45 45

Richmond Hill 162704 185541 195022 206889 140 51

Whitby 111184 122022 128377 136235 97 52

Newmarket 74295 79978 84224 89420 76 53

Oakville 165613 182520 193832 206478 102 62

Vaughan 238866 288301 306233 334499 207 62

Oshawa 141590 149607 159458 170096 57 66

East Gwillimbury 21069 22473 23991 25610 67 68

Clarington 77820 84548 92013 98976 86 88

Markham 261573 301709 328966 354135 153 90

Caledon 57050 59460 66502 72326 42 118

Brampton 433806 523911 593638 648883 208 133

Whitchurch‐Stouffville 24390 37628 45837 51571 543 218

King 19487 19899 24512 27703 21 232

GTA Average 5424662 5902031 6254654 6678998 88 60

Survey Total 10293100 10942150 11468780 12177245 63 48

Milton 53889 84362 110128 119498 565 305

Socio Economic Indicators 13

Municipal Study 2018

Southwestmdash change in population 2006‐2018 5 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006 2011

Change 2011 2016

North Middlesex 6740 6658 6352 6484 ‐12 ‐46

Guelph‐Eramosa 12066 13458 12854 13569 115 ‐45

Chatham‐Kent 108177 103671 101647 104889 ‐42 ‐20

Owen Sound 21753 21688 21341 22053 ‐03 ‐16

Sarnia 71419 72366 71594 74143 13 ‐11

Central Elgin 12723 12743 12607 13056 02 ‐11

Meaford 10948 11100 10991 11386 14 ‐10

Strathroy‐Caradoc 19977 20978 20867 21656 50 ‐05

Lambton Shores 11150 10656 10631 11049 ‐44 ‐02

Brockton 9641 9432 9461 9852 ‐22 03

Norfolk 62563 63175 64044 66969 10 14

Haldimand 45212 44876 45608 47738 ‐07 16

Stratford 30461 30886 31465 32959 14 19

Kincardine 11173 11174 11389 11935 00 19

St Thomas 36110 37905 38909 40889 50 26

Cambridge 120371 126748 129920 136454 53 25

Windsor 216473 210891 217188 228533 ‐26 30

Grey Highlands 9480 9520 9804 10316 04 30

Brant 34415 35638 36707 38626 36 30

Tillsonburg 14822 15301 15872 16749 32 37

North Perth 12254 12631 13130 13867 31 40

Wellington North 11175 11477 11914 12576 27 38

Minto 8504 8334 8671 9161 ‐20 40

Brantford 90192 93650 97496 103036 38 41

Puslinch 6689 7029 7336 7760 51 44

Middlesex Centre 15589 16487 17262 18283 58 47

London 352395 366151 383822 406751 39 48

Ingersoll 11760 12146 12757 13529 33 50

Mapleton 9851 9989 10527 11179 14 54

Wellesley 9789 10713 11260 11944 94 51

Erin 11148 10770 11439 12185 ‐34 62

Centre Wellington 26049 26693 28191 29963 25 56

Waterloo 97475 98780 104986 111868 13 63

Kitchener 204668 219153 233222 248635 71 64

Wilmot 17097 19223 20545 21939 124 69

Woolwich 19658 23145 25006 26819 177 80

Guelph 114943 121688 131794 141485 59 83

Saugeen Shores 11720 12661 13715 14724 80 83

St Marys 6617 6655 7265 7823 06 92

North Dumfries 9063 9334 10215 11012 30 94

Southwest Average 1912310 1965573 2039804 2153844 28 38

Survey Total 10293100 10942150 11468780 12168981 63 48

Socio Economic Indicators 14

Municipal Study 2018

Easternmdash change in population 2006‐2018

3 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Brockville 21957 21870 21346 21987 ‐04 ‐24

Prince Edward County 25496 25258 24735 25512 ‐09 ‐21

Bancroft 3838 3880 3881 4037 11 00

Kingston 117207 123363 123798 128937 53 04

Cornwall 45965 46340 46589 48556 08 05

Quinte West 42697 43086 43577 45533 09 11

North Stormont 6769 6775 6873 7189 01 14

Belleville 48821 49454 50716 53277 13 26

Peterborough 74898 78698 81032 85227 51 30

Ottawa 812129 883391 934243 993556 88 58

Eastern Average 1199777 1282115 1336790 1413811 69 43

Survey Total 10293100 10942150 11468780 12168981 63 48

NiagaraHamiltonmdash change in population 2006‐2018

2 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Port Colborne 18599 18424 18306 18990 ‐09 ‐06

Wainfleet 6601 6356 6372 6633 ‐37 03

St Catharines 131989 131400 133113 139152 ‐04 13

Fort Erie 29925 29960 30710 32254 01 25

Pelham 16155 16598 17110 18010 27 31

Hamilton 504559 519949 536917 565591 31 33

Welland 50331 50631 52293 55088 06 33

West Lincoln 13167 13837 14500 15363 51 48

Thorold 18224 17931 18801 19925 ‐16 49

Lincoln 21722 22487 23787 25297 35 58

Niagara Falls 82184 82997 88071 93786 10 61

Grimsby 23937 25325 27314 29274 58 79

Niagara‐on‐the‐Lake 14587 15400 17511 19166 56 137

Change 2006‐2011

Change 2011‐2016

NiagaraHamilton Average 931980 951295 984805 1038529 21 35

Survey Total 10293100 10942150 11468780 12168981 63 48

Socio Economic Indicators 15

Municipal Study 2018

Northmdash change in population 2006‐2018

4 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Espanola 5314 5364 4996 5051 09 ‐69

Elliot Lake 11549 11348 10741 10930 ‐17 ‐53

North Bay 53966 53651 51553 52773 ‐06 ‐39

Timmins 42997 43165 41788 42904 04 ‐32

Sault Ste Marie 74948 75141 73368 75584 03 ‐24

Greenstone 4906 4724 4636 4786 ‐37 ‐19

Kenora 15177 15348 15096 15597 11 ‐16

Thunder Bay 109140 108359 107909 112042 ‐07 ‐04

Greater Sudbury 157857 160274 161531 168518 15 08

Parry Sound 5818 6191 6408 6756 64 35

North Average 481672 483565 478026 494941 04 ‐11

Survey Total 10293100 10942150 11468780 12168981 63 48

SimcoeMuskokaDufferinmdash change in population 2006‐2018

6 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Penetanguishene 9354 9111 8962 9260 ‐26 ‐16

Midland 16330 16572 16864 17661 15 18

Orillia 30259 30586 31166 32656 11 19

Tay 9748 9736 10033 10560 ‐01 31

Orangeville 26925 27975 28900 30450 39 33

Bracebridge 15652 15409 16010 16903 ‐16 39

Huntsville 18280 19056 19816 20931 42 40

Barrie 128430 135711 141434 149374 57 42

Springwater 17456 18223 19059 20178 44 46

Tiny 10754 11232 11787 12495 44 49

Gravenhurst 11046 11640 12311 13094 54 58

Innisfil 31175 33079 36566 39745 61 105

Collingwood 17290 19241 21793 23815 113 133

Change 2006‐2011

Change 2011‐2016

SimcoeMuskDuff Avg 342699 357571 374701 397122 43 48

Survey Total 10293100 10942150 11468780 12168981 63 48

Socio Economic Indicators 16

Municipal Study 2018

Population of Ontario Regions 2017 and 2041

The Ministry of Finance produces an updated set of population projections every year to provide a demographic outlook reflecting the most up‐to‐date trends and historical data

Ontariorsquos population is projected to grow by 302 or almost 43 million over the next 24 years from

an estimated 142 million on July 1 2017 to almost 185 million by July 1 2041

The annual rate of growth of Ontariorsquos population is projected to ease gradually from 18 to 09

over the projection period

Net migration is projected to account for 76 of all population growth in the province over the 2017ndash 2041 period with natural increase accounting for the remaining 24 In the second half of the projections the contribution of natural increase moderates as baby boomers increasingly reach senior

years and the number of deaths increases more rapidly

The number of children aged 0ndash14 is projected to increase gradually over the projection period from 22 million in 2017 to 27 million by 2041 The childrenrsquos share of population is projected to decrease gradually from 157 in 2017 to 148 by 2041

The Greater Toronto Area (GTA) is projected to be the fastest growing region of the province with its population increasing by 28 million or 408 to reach almost 97 million by 2041 The GTArsquos share of provincial population is projected to rise from 483 in 2017 to 523 in 2041

Socio Economic Indicators 17

Municipal Study 2018

Age Demographics

The age profile of a population may affect municipal expenditures For example expenditures may be

affected by seniors requiring higher public service costs and families with young children demanding

services for recreational and related programs

By 2041 there will be more people in every age group in Ontario compared to 2017 with a sharp increase in the number of seniors Baby boomers will have swelled the ranks of seniors children of the baby boom echo generation will be of school‐age and the baby boom echo cohorts along with a new generation of immigrants will have bolstered the population aged 15ndash64

The number of seniors aged 65 and over is projected to almost double from about 24 million or 167 of population in 2017 to almost 46 million or 248 by 2041 In 2015 for the first time seniors accounted for a larger share of population than children aged 0ndash14

The number of Ontarians aged 15ndash64 is projected to increase from 96 million in 2017 to 112 million by 2041 This age group is projected to decline as a share of total population from 676 in 2017 to 604 by 2041 As baby boomers continue to turn age 65 the growth in population aged 15ndash64 slows until 2027ndash28 and then accelerates over the remainder of the projection

The median age of Ontariorsquos population is projected to rise from 41 years in 2017 to 44 years in 2041 The median age for women climbs from 42 to 45 years over the projection period while for men it is projected to increase from 40 to 43 years

All regions see a shift to an older age structure The GTA is expected to remain the region with the youngest age structure as a result of strong international migration and positive natural increase

Socio Economic Indicators 18

‐ ‐

Municipal Study 2018

Age Demographics 2016 Stats Canada

Municipality 0 19 20‐44 45 64 65+ Municipality 0 19 20‐44 45‐64 65+

Bancroft 18 22 29 31 Aurora 25 30 32 13

Belleville 21 29 28 21 Brampton 27 36 25 11

Brockville 18 26 30 26 Brock 22 27 31 21

Cornwall 21 28 28 23 Burlington 23 30 28 19

Kingston 20 33 27 19 Caledon 26 29 31 13

North Stormont 24 30 31 14 Clarington 25 33 28 14

Ottawa 23 34 28 15 East Gwillimbury 23 30 32 15 Peterborough 20 31 26 22 Georgina 23 31 32 15 Prince Edward County 16 21 33 30 Halton Hills 26 29 31 13 Quinte West 22 28 30 19 King 25 29 31 15

Eastern Avg 20 28 29 22 Markham 23 32 29 15

Provincial Average 22 32 28 17 Milton 32 37 22 9

Mississauga 24 33 29 14

Newmarket

Oakville

25

27

31

29

31

30

14

15 Fort Erie 19 24 33 24

Oshawa 22 32 29 17 Grimsby 23 29 29 19

Pickering 23 31 31 15 Hamilton 22 32 28 17

Richmond Hill 24 31 31 15 Lincoln 23 27 28 21

Toronto 20 38 27 16 Niagara Falls 21 29 30 20

Vaughan 26 32 28 14 Niagara‐on‐the‐Lake 16 21 32 31

Whitby 27 32 29 13 Pelham 21 23 32 24

Whitchurch‐Stouffville 26 32 26 16 Port Colborne 19 25 32 25

St Catharines 20 31 28 22 GTA Avg 25 31 29 15

Thorold 22 33 29 16 Provincial Average 22 32 28 17

Wainfleet 22 25 34 18

Municipality 0 19 20‐44 45‐64 65+

Welland 20 29 29 21

West Lincoln 27 29 29 15

NiagaraHamilton Avg 21 27 30 21

Provincial Average 22 32 28 17

SourcemdashStats Canada Census 2016

Socio Economic Indicators 19

Elliot Lake 14 18 30 38

Espanola 19 27 32 22

Greater Sudbury 21 31 29 18

Greenstone 22 27 33 18

Kenora 21 29 31 19

North Bay 21 31 29 20

Parry Sound 18 26 29 27

Sault Ste Marie 19 28 30 22

Thunder Bay 20 31 29 20

Timmins 23 31 30 15

North Avg 20 28 30 22

Provincial Average 22 32 28 17

Municipal Study 2018

Age Demographics (contrsquod)

Municipality 0 19 20‐44 45‐64 65+

Municipality 0‐19 20‐44 45‐64 65+

Barrie 25 34 27 14

Bracebridge 19 25 31 25

Collingwood 19 26 28 26

Gravenhurst 16 24 33 28

Huntsville 20 27 32 22

Innisfil 24 30 31 15

Midland 19 26 31 25

Orangeville 26 33 27 14

Orillia 19 29 28 24

Penetanguishene 18 26 32 24

Springwater 25 28 33 15

Tay 19 26 34 21

Tiny 17 22 35 26

SimcoeMuskDuff Avg 20 27 31 21

Provincial Average 22 32 28 17

Municipality 0‐19 20‐44 45‐64 65+

Brant 23 27 31 19

Brantford 24 31 28 17

Brockton 22 26 30 21

Cambridge 25 33 28 15

Central Elgin 22 25 34 20

Centre Wellington 24 27 29 20

Chatham‐Kent 22 27 30 21

Erin 23 25 37 15

Grey Highlands 22 25 31 22

Guelph 23 36 26 15

Guelph‐Eramosa 23 26 33 17

Haldimand 23 27 31 18

Ingersoll 25 30 29 16

Kincardine 21 27 30 22

Kitchener 23 36 27 14

Lambton Shores 16 21 33 29

London 22 34 27 17

Mapleton 36 30 24 10

Meaford 18 22 32 28

Middlesex Centre 26 26 30 17

Minto 24 27 28 20

Norfolk 21 26 31 22

North Dumfries 26 28 31 14

North Middlesex 25 27 29 19

North Perth 27 30 25 18

Owen Sound 20 27 28 25

Puslinch 21 23 35 22

Sarnia 20 29 29 22

Saugeen Shores 19 27 30 24

St Marys 22 28 27 23

St Thomas 23 29 28 19

Stratford 21 29 30 21

Strathroy‐Caradoc 23 28 29 20

Tillsonburg 20 26 26 28

Waterloo 23 36 27 14

Wellesley 35 29 25 12

Wellington North 25 27 28 21

Wilmot 26 29 27 19

Windsor 22 32 28 18

Woolwich 28 30 26 17

Southwest Avg 23 28 29 19

Provincial Average 22 32 28 17 SourcemdashStats Canada Census 2016

Socio Economic Indicators 20

Municipal Study 2018

2018 Estimated Average Household Income Household income is one measure of a communityrsquos ability to pay for services While a higher relative household income is a positive indicator of the overall local economy it may lead to a greater expectation for quality programs and additional challenges in balancing desired levels of service with a willingness to pay for programs and services

Municipality

Elliot Lake $ 62158

Bancroft $ 65292

Owen Sound $ 70778

Midland $ 72919

Windsor $ 74671

Orillia $ 74970

Chatham‐Kent $ 77014

Belleville $ 77388

Niagara Falls $ 79768

Wellington North $ 80639

Fort Erie $ 81046

Quinte West $ 82770

Minto $ 83431

Tay $ 83731

Gravenhurst $ 83879

Espanola $ 84143

Greenstone $ 86104

Cornwall 62750 $

Parry Sound 67600 $

Brockville 71084 $

Welland 73910 $

St Thomas 74793 $

Port Colborne 76517 $

Tillsonburg 77240 $

Peterborough 79479 $

St Catharines 80012 $

Brantford 80735 $

North Bay 82320 $

Sault Ste Marie 82955 $

Thorold 83547 $

Penetanguishene 83774 $

Stratford 84065 $

Norfolk 84393 $

London 86126 $

Thunder Bay $ 87350

Municipality Municipality

St Marys $ 88756

Lambton Shores $ 88976

Oshawa $ 90192

North Perth $ 90553

North Stormont $ 91502

Brockton $ 92228

Prince Edward County $ 92682

Hamilton $ 93423

North Middlesex $ 94212

Kenora $ 96224

Haldimand $ 96891

Greater Sudbury $ 97604

Georgina $ 98312

Tiny $ 100784

Brampton $ 102663

Wainfleet $ 103485

Mapleton $ 107206

West Lincoln $ 107846

Strathroy‐Caradoc 88913 $

Collingwood 89612 $

Ingersoll 90487 $

Kitchener 90901 $

Kingston 91580 $

Bracebridge 92397 $

Brock 92943 $

Huntsville 94047 $

Sarnia 94588 $

Timmins 96423 $

Barrie 97290 $

Cambridge 97643 $

Guelph 100108 $

Orangeville 101444 $

Grey Highlands 102808 $

Centre Wellington 106318 $

Innisfil 107643 $

Mississauga $ 109999

Ottawa $ 111599

Lincoln $ 113606

Clarington $ 116511

Markham $ 118152

Wilmot $ 120075

Richmond Hill $ 121671

Newmarket $ 123590

Burlington $ 125873

Wellesley $ 127485

Milton $ 128664

North Dumfries $ 133048

Halton Hills $ 136293

Springwater $ 139363

Middlesex Centre $ 141189

Erin $ 142361

Aurora $ 155457

Oakville $ 179132

Central Elgin 110954 $

Brant 111853 $

Waterloo 114438 $

Grimsby 116929 $

Niagara‐on‐the‐Lake 118156 $

Saugeen Shores 120585 $

Kincardine 122567 $

Pickering 124559 $

Pelham 126655 $

Woolwich 128111 $

Whitby 128665 $

East Gwillimbury 135968 $

Guelph‐Eramosa 136490 $

Vaughan 139474 $

Whitchurch‐Stouffville 142060 $

Caledon 145664 $

Puslinch 179036 $

Meaford 87359 $ Toronto 107968 $ King 187349 $

Average $ 102194

SourcemdashManifold Data Mining Median 95406 $

Socio Economic Indicators 21

Municipal Study 2018

2018 Average Household Income by Geographic Location

The following table provides the estimated average household income in 2018 for each of the

municipalities SourcemdashManifold Data Mining summarized by geographic area

3

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Cornwall $ 62750 low

Bancroft $ 65292 low

Brockvil le $ 71084 low

Bellevil le $ 77388 low

Peterborough $ 79479 low

Quinte West $ 82770 low

North Stormont $ 91502 mid

Kingston $ 91580 mid

Prince Edward County $ 92682 mid

Ottawa $ 111599

Eastern Avg $ 82613

high

6

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Midland $ 72919 low

Orill ia $ 74970 low

Tay $ 83731 low

Penetanguishene $ 83774 low

Gravenhurst $ 83879 low

Collingwood $ 89612 mid

Bracebridge $ 92397 mid

Huntsvil le $ 94047 mid

Barrie $ 97290 mid

Tiny $ 100784 mid

Orangevil le $ 101444 mid

Innisfi l $ 107643 mid

Springwater $ 139363

SimcoeMuskDuff Avg $ 93989

high

1

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Oshawa

Brock

Georgina

Brampton

Toronto

Mississauga

Clarington

Markham

Richmond Hill

Newmarket

Pickering

Burlington

Milton

Whitby

East Gwill imbury

Halton Hills

Vaughan

Whitchurch‐Stouffvil le

Caledon

Aurora

Oakville

King

90192 $

92943 $

98312 $

102663 $

107968 $

109999 $

116511 $

118152 $

121671 $

123590 $

124559 $

125873 $

128664 $

128665 $

135968 $

136293 $

139474 $

142060 $

145664 $

155457 $

179132 $

187349 $

mid

mid

mid

mid

mid

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

GTA Avg 127780 $

Socio Economic Indicators 22

Municipal Study 2018

Average Household Income by Geographic Location (contrsquod)

2

Municipality

2018 Income Ranking

2018 Est Avg

Household Income

5

Municipality

2018

Income Ranking

2018 Est Avg

Household Income

low Welland $ 73910

low Port Colborne $ 76517

low Niagara Falls $ 79768

low St Catharines $ 80012

low Fort Erie $ 81046

low Thorold $ 83547

mid Hamilton $ 93423

mid Wainfleet $ 103485

mid West Lincoln $ 107846

Lincoln $ 113606

Grimsby $ 116929

Niagara‐on‐the‐Lake $ 118156

Pelham $ 126655

high

high

high

high

NiagaraHamilton Avg $ 96531

4

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Elliot Lake $ 62158 low

Parry Sound $ 67600 low

North Bay $ 82320 low

Sault Ste Marie $ 82955 low

Espanola $ 84143 low

Greenstone $ 86104 low

Thunder Bay $ 87350 low

Kenora $ 96224 mid

Timmins $ 96423 mid

Greater Sudbury $ 97604 mid

North Avg $ 84288

low Owen Sound $ 70778

low Windsor $ 74671

low St Thomas $ 74793

low Chatham‐Kent $ 77014

low Tillsonburg $ 77240

low Wellington North $ 80639

low Brantford $ 80735

low Minto $ 83431

low Stratford $ 84065

low Norfolk $ 84393

low London $ 86126

low Meaford $ 87359

mid St Marys $ 88756

mid Strathroy‐Caradoc $ 88913

mid Lambton Shores $ 88976

mid Ingersoll $ 90487

mid North Perth $ 90553

mid Kitchener $ 90901

mid Brockton $ 92228

mid North Middlesex $ 94212

mid Sarnia $ 94588

mid Haldimand $ 96891

mid Cambridge $ 97643

mid Guelph $ 100108

mid Grey Highlands $ 102808

mid Centre Wellington $ 106318

mid Mapleton $ 107206

Central Elgin $ 110954

Brant $ 111853

Waterloo $ 114438

Wilmot $ 120075

Saugeen Shores $ 120585

Kincardine $ 122567

Wellesley $ 127485

Woolwich $ 128111

North Dumfries $ 133048

Guelph‐Eramosa $ 136490

Middlesex Centre $ 141189

Erin $ 142361

Puslinch $ 179036

high

high

high

high

high

high

high

high

high

high

high

high

high

Southwest Avg $ 102001

Socio Economic Indicators 23

Municipal Study 2018

Summary 2018 Average Household Income by Geographic Location

GTA

Southwest

NiagaraHamilton

SimcoeMuskDuff

North

Eastern

Socio Economic Indicators 24

Municipal Study 2018

Land Area and Density

Population density indicates the number of residents living in an area (usually measured by square kilometre) Density readings can lend insight into the age of a city growth patterns zoning practices new development opportunities and the level of multi‐family unit housing High population density can also

indicate whether a municipality may be reaching build‐out as well as service and infrastructure needs such as additional public transit or street routes As stated by the Province of Ontario in their InfoSheet Planning for Intensification some of the benefits of intensification include

Using resources such as lands buildings and infrastructure more effectively

Protecting the natural environment and biodiversity by limiting urban expansion

Incorporating green features that offset and support new development

Creating active streets that promote healthier patterns of human activity

Creating economic opportunities

Reducing carbon footprint

Improving access to public transit

Enhancing community identity

Improving municipal fiscal performance

Socio Economic Indicators 25

Municipal Study 2018

Land Area and Density (sorted by population density)

Municipality Land Area

(Sq Km)

2018

Pop

Density Per Sq

Density Ranking Municipality

Land Area

(Sq Km)

2018

Pop

Density Per Sq

Density Ranking

Greenstone 2767 2 low Espanola 83 61 mid

North Middlesex 598 11 low Centre Wellington 408 74 mid

Grey Highlands 883 12 low Kenora 212 74 mid

North Stormont 516 14 low Tay 139 76 mid

Timmins 2979 14 low Strathroy‐Caradoc 271 80 mid

Ell iot Lake 715 15 low Woolwich 326 82 mid

Brockton 565 17 low King 333 83 mid

Bancroft 230 18 low Wilmot 264 83 mid

Meaford 589 19 low Saugeen Shores 171 86 mid

Mapleton 535 21 low Quinte West 494 92 mid

Kincardine 538 22 low East Gwill imbury 245 105 mid

Wellington North 526 24 low Caledon 688 105 mid

Prince Edward County 1050 24 low Pelham 126 142 mid

Gravenhurst 518 25 low Niagara‐on‐the‐Lake 133 144 mid

Bracebridge 628 27 low Innisfi l 263 151 mid

North Perth 493 28 low Lincoln 163 155 mid

Brock 423 29 low Port Colborne 122 156 mid

Huntsvil le 710 29 low Clarington 611 162 mid

Minto 301 30 low North Bay 319 165 mid

Wainfleet 217 31 low Georgina 288 167 mid

Middlesex Centre 588 31 low Fort Erie 166 194 mid

Lambton Shores 331 33 low Bellevil le 247 215 mid

Puslinch 215 36 low Halton Hills 276 234 mid

Tiny 337 37 low Thorold 83 240 mid

Springwater 536 38 low Whitchurch‐Stouffvil le 206 250 mid

Haldimand 1252 38 low Kingston 415 311 mid

West Lincoln 388 40 low Milton 363 329 mid

Erin 298 41 low Sault Ste Marie 223 339 mid

Norfolk 1608 42 low Thunder Bay 328 341 mid

Chatham‐Kent 2458 43 low Ottawa 2790 356 mid

Wellesley 278 43 low Penetanguishene 26 362 mid

Brant 843 46 low Pickering 232 418 mid

Guelph‐Eramosa 292 47 low Grimsby 69 425 mid

Central Elgin 280 47 low Niagara Falls 210 447 mid

Greater Sudbury 3228 52 low Sarnia 165 450 mid

North Dumfries 187 59 low Midland 35 500 mid

Socio Economic Indicators 26

Municipal Study 2018

Land Area and Density (sorted by population density) (contrsquod)

Municipality Land Area

(Sq Km)

2018

Pop

Density Per Sq

Density Ranking

Parry Sound 13 504

Hamilton 1117 506

St Marys 12 628

Welland 81 680

Collingwood 34 705

Til lsonburg 22 750

Cornwall 62 789

Owen Sound 24 909

Whitby 147 929

London 420 968

Burlington 186 1044

Brockvil le 21 1055

Ingersoll 13 1061

Oril l ia 29 1143

St Thomas 36 1148

Stratford 28 1165

Oshawa 146 1168

Aurora 50 1176

Vaughan 274 1193

Cambridge 113 1207

Peterborough 64 1326

Brantford 72 1422

St Catharines 96 1448

Oakvil le 139 1487

Barrie 99 1508

Windsor 146 1561

Guelph 87 1622

Markham 212 1668

Waterloo 64 1747

Kitchener 137 1818

Orangeville 16 1951

Richmond Hill 101 2046

Newmarket 38 2326

Brampton 266 2436

Mississauga 292 2640

Toronto 630 4587

Average 423 547

Median 255 164

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

Socio Economic Indicators 27

Municipal Study 2018

Land Area and Density by Geographic Location

3 2018

Population

Density Per Sq Km

Land Area (Sq Km)

Density Ranking

low North Stormont 516 14

low Bancroft 230 18

low Prince Edward County 1050 24

mid Quinte West 494 92

mid Bellevil le 247 215

mid Kingston 415 311

mid Ottawa 2790 356

Cornwall 62 789

Brockvil le 21 1055

Peterborough 64 1326

high

high

high

Eastern Avg 589 420

Median 331 263

2 Municipality

Land Area (Sq Km)

2018

Population

Density Per Sq Km

Density Ranking

low Wainfleet 217 31

low West Lincoln 388 40

mid Pelham 126 142

mid Niagara‐on‐the‐Lake 133 144

mid Lincoln 163 155

mid Port Colborne 122 156

mid Fort Erie 166 194

mid Thorold 83 240

mid Grimsby 69 425

mid Niagara Falls 210 447

Hamilton 1117 506

Welland 81 680

St Catharines 96 1448

high

high

high

NiagaraHamilton Avg 229 354

Median 133 194

1 Municipality

Land Area (Sq Km)

2018

Population

Density Per Sq Km

Density Ranking

low Brock 423 29

mid King 333 83

mid East Gwill imbury 245 105

mid Caledon 688 105

mid Clarington 611 162

mid Georgina 288 167

mid Halton Hills 276 234

mid Whitchurch‐Stouffvil le 206 250

mid Milton 363 329

mid Pickering 232 418

Whitby 147 929

Burlington 186 1044

Oshawa 146 1168

Aurora 50 1176

Vaughan 274 1193

Oakville 139 1487

Markham 212 1668

Richmond Hill 101 2046

Newmarket 38 2326

Brampton 266 2436

Mississauga 292 2640

Toronto 630 4587

high

high

high

high

high

high

high

high

high

high

high

high

GTA Avg 279 1117

Median 256 987

Socio Economic Indicators 28

Municipal Study 2018

Land Area and Density by Geographic Location (contrsquod)

4 Municipality

Land Area

(Sq Km)

2018

Population Density Per Sq Km

Density Ranking

5 Municipality

Land Area

(Sq Km)

2018

Population Density Per Sq Km

Density Ranking

low Greenstone 2767 2

low Timmins 2979 14

low Elliot Lake 715 15

low Greater Sudbury 3228 52

mid Espanola 83 61

mid Kenora 212 74

mid North Bay 319 165

mid Sault Ste Marie 223 339

mid Thunder Bay 328 341

Parry Sound 13 504 high

North Avg 1087 157

Median 324 67

6 Municipality

Density Ranking

Land Area (Sq Km)

2018

Population

Density Per Sq Km

low Gravenhurst 518 25

Bracebridge 628 27 low

low Huntsvil le 710 29

Tiny 337 37 low

low Springwater 536 38

Tay 139 76 mid

mid Innisfil 263 151

Penetanguishene 26 362 mid

mid Midland 35 500

Oril l ia 29 1143

Orangevil le 16 1951

Coll ingwood 34 705 high

high

Barrie 99 1508 high

high

SimcoeMuskDuff Avg 259 504

Median

GTA

SimcoeMuskDuff

Southwest

Eastern

NiagaraHamilton

North

139 151

Population Density Per Sq Km

0 200 400 600 800 1000 1200

low North Middlesex 598 11

low Grey Highlands 883 12

low Brockton 565 17

low Meaford 589 19

low Mapleton 535 21

low Kincardine 538 22

low Wellington North 526 24

low North Perth 493 28

low Minto 301 30

low Middlesex Centre 588 31

low Lambton Shores 331 33

low Puslinch 215 36

low Haldimand 1252 38

low Erin 298 41

low Norfolk 1608 42

low Chatham‐Kent 2458 43

low Wellesley 278 43

low Brant 843 46

low Guelph‐Eramosa 292 47

low Central Elgin 280 47

low North Dumfries 187 59

mid Centre Wellington 408 74

mid Strathroy‐Caradoc 271 80

mid Woolwich 326 82

mid Wilmot 264 83

mid Saugeen Shores 171 86

mid Sarnia 165 450

St Marys 12 628

Til lsonburg 22 750

Owen Sound 24 909

London 420 968

Ingersoll 13 1061

St Thomas 36 1148

Stratford 28 1165

Cambridge 113 1207

Brantford 72 1422

Windsor 146 1561

Guelph 87 1622

Waterloo 64 1747

Kitchener 137 1818

high

high

high

high

high

high

high

high

high

high

high

high

high

Southwest Avg 411 439

Median 286 53

Socio Economic Indicators 29

Municipal Study 2018

Labour Statistics

The labour force is defined as the number of people aged 15 and over who are employed and unemployed Labour force statistics are an important measure of the economyrsquos potential The larger the percentage of the population that enters the labour force the larger the potential output and standard of living Growth

in the labour force implies expansion potential The rate of employment of the communityrsquos citizens is a measure of and an influence on the communityrsquos ability to support its local business sector A decline in employment base or higher than average rates of unemployment can be a warning signal that overall economic activity may be declining Unemployment does not capture working age residents who are unemployed and are no longer actively seeking employment The employment rate provides a fuller picture of employment in the community

Socio Economic Indicators 30

Municipal Study 2018

Labour Statistics CMA

CMA

Employment Rate Sept

2018

Employment Change 2017 2018

Participation Rate

Participation Rate Change 2017 2018

Unemployment Rate Sept 2018

Unemployment Rate Change 2017 2018

Barrie

Brantford

Greater Sudbury

Guelph

Hamilton

Kingston

KitchenerCambridge Waterloo

London

Oshawa

Ottawa‐Gatineau

Peterborough

St Catharines‐Niagara

Thunder Bay

Toronto

Windsor

670

583

574

652

611

606

680

583

652

641

615

569

614

614

554

‐09

‐38

‐05

‐37

‐42

‐11

07

25

15

06

15

03

15

‐06

‐22

712

619

613

677

644

642

717

614

691

671

652

615

648

654

597

‐11

‐38

‐03

‐55

‐38

‐11

10

24

22

‐03

11

10

17

‐06

‐14

58

58

64

36

52

55

51

52

56

45

56

75

53

61

73

‐02

04

04

‐23

10

01

03

‐02

08

‐13

‐12

10

02

00

16

Ontario 609 ‐02 645 ‐03 57 00

Source Stats Canada

Socio Economic Indicators 31

Municipal Study 2018

32

Assessment Per Capita (Sorted by Unweighted Assessment)

Property assessment is the basis upon

which municipalities raise taxes A

strong assessment base is critical to a

municipalityrsquos ability to generate

revenues Assessment per capita

statistics have been compared to

provide an indication of the ldquorichnessrdquo of

the assessment base in each

municipality

Unweighted assessment provides the actual current value assessment of the

properties

Weighted assessment reflects the basis

upon which property taxes are levied

after applying the tax ratios to the

various property classes to the

unweighted assessment

Socio Economic Indicators

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Elliot Lake 49556 $ $ 55809 low low

Windsor 70740 $ $ 89181 low low

Espanola 74662 $ $ 95740 low low

Cornwall 77046 $ $ 101758 low low

St Thomas 79492 $ $ 94092 low low

Timmins 80049 $ $ 96701 low low

Welland 82100 $ $ 91809 low low

Sault Ste Marie 87701 $ $ 112497 low low

Owen Sound 90150 $ $ 109736 low low

Thunder Bay 92226 $ $ 114994 low low

Ingersoll 92868 $ $ 113347 low low

Bancroft 94650 $ $ 95422 low low

Port Colborne 96242 $ $ 107878 low low

Quinte West 96974 $ $ 106167 low low

Sarnia 97322 $ $ 112509 low low

Tillsonburg 98390 $ $ 116633 low low

Brockville 99130 $ $ 121702 low low

Belleville 99663 $ $ 126825 low mid

Brantford 102171 $ $ 122952 low low

St Catharines 103081 $ $ 119650 low low

Greater Sudbury 104015 $ $ 127985 low mid

North Bay 104307 $ $ 124452 low mid

Peterborough 104810 $ $ 118983 low low

London 105144 $ $ 120661 low low

Parry Sound 105525 $ $ 122599 low low

St Marys 105921 $ $ 120810 low low

Penetanguishene 108151 $ $ 111153 low low

Thorold 109101 $ $ 121396 low low

Midland 110881 $ $ 117659 low low

Kenora 111838 $ $ 132512 low mid

Fort Erie 111853 $ $ 119871 low low

Kitchener 116058 $ $ 136243 low mid

Minto 116637 $ $ 99007 low low

Oshawa 116675 $ $ 131036 low mid

Stratford 117383 $ $ 142680 low mid

Orillia 118401 $ $ 140299 low mid

Municipal Study 2018

Assessment Per Capita (Sorted by Unweighted Assessment) (contrsquod)

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Niagara Falls $ 119136 $ 145134 mid mid

Chatham‐Kent $ 119182 $ 95494 mid low

Strathroy‐Caradoc $ 120420 $ 112270 mid low

Cambridge $ 121506 $ 147676 mid mid

Hamilton $ 123694 $ 146819 mid mid

Tay $ 124259 $ 122533 mid low

Orangeville $ 127343 $ 136426 mid mid

Kingston $ 128262 $ 146747 mid mid

Barrie $ 129721 $ 139665 mid mid

Greenstone $ 130518 $ 127794 mid mid

West Lincoln $ 130985 $ 121413 mid low

Haldimand $ 131748 $ 125004 mid mid

Clarington $ 133155 $ 136930 mid mid

Guelph $ 139291 $ 165252 mid

Norfolk $ 139339 $ 123997 mid low

Brockton $ 139798 $ 106270 mid low

Brampton $ 140308 $ 149135 mid mid

Lincoln $ 141793 $ 142067 mid mid

Pelham $ 142156 $ 141412 mid mid

Grimsby $ 143810 $ 153059 mid mid

Wellington North $ 147042 $ 114949 mid low

Central Elgin $ 148557 $ 128634 mid mid

Whitby $ 150288 $ 161449 mid mid

Centre Wellington $ 152007 $ 144000 mid mid

Wainfleet $ 153135 $ 138714 mid mid

Georgina $ 154729 $ 153478 mid mid

Brock $ 155114 $ 137843 mid mid

North Stormont $ 157983 $ 105544 mid low

Wilmot $ 159381 $ 150091 mid mid

Meaford $ 161150 $ 146718 mid mid

Brant $ 161479 $ 154147 mid mid

Ottawa $ 164103 $ 194028 mid

Waterloo $ 164531 $ 194966 mid

Woolwich $ 165349 $ 166951 mid

Prince Edward County $ 165730 $ 157062 mid mid

high

high

high

high

Wellesley 167265 $ $ 136354 mid mid

Socio Economic Indicators 33

Municipal Study 2018

Assessment Per Capita (Sorted by Unweighted Assessment ) (contrsquod)

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Collingwood $ 170793 $ 177145

Pickering $ 175091 $ 187269

Springwater $ 177271 $ 165762

Saugeen Shores $ 177948 $ 174964

Innisfil $ 179107 $ 175252

Milton $ 183143 $ 197531

Huntsville $ 184033 $ 184555

Bracebridge $ 186068 $ 186348

North Perth $ 187449 $ 127259

North Dumfries $ 188250 $ 198361

Newmarket $ 190605 $ 197521

Halton Hills $ 191864 $ 202944

Mississauga $ 195204 $ 220161

Kincardine $ 196159 $ 175934

Guelph‐Eramosa $ 201118 $ 181487

Erin $ 202247 $ 186496

Middlesex Centre $ 205689 $ 155170

Burlington $ 207355 $ 234312

Grey Highlands $ 209673 $ 176167

Mapleton $ 213981 $ 135649

Whitchurch‐Stouffvill $ 220586 $ 220377

Toronto $ 222667 $ 320682

Caledon $ 236060 $ 235797

East Gwillimbury $ 240312 $ 235891

Markham $ 241816 $ 249067

Aurora $ 244870 $ 250861

Lambton Shores $ 245964 $ 216573

Niagara‐on‐the‐Lake $ 259936 $ 274476

Gravenhurst $ 261645 $ 262220

North Middlesex $ 263607 $ 135367

Richmond Hill $ 264402 $ 270035

Oakville $ 272192 $ 296552

Vaughan $ 272434 $ 286894

Puslinch $ 276942 $ 290895

Tiny $ 305257 $ 298534

King $ 310146 $ 297667

Average $ 154140 $ 156898 Median $ 141974 $ 139982

high high

high high

high high

high high

high high

high high

high high

high high

high mid

high high

high high

high high

high high

high high

high high

high high

high mid

high high

high high

high mid

high high

high high

high high

high high

high high

high high

high high

high high

high high

high mid

high high

high high

high high

high high

high high

high high

Socio Economic Indicators 34

Municipal Study 2018

Taxable Assessment Per Capita (Grouped by Location sorted by unweighted assessment)

Eastern Municipalities 3

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Cornwall 77046 $ $ 101758 low low

Bancroft 94650 $ $ 95422 low low

Quinte West 96974 $ $ 106167 low low

Brockville 99130 $ $ 121702 low low

Belleville 99663 $ $ 126825 low mid

Peterborough 104810 $ $ 118983 low low

Kingston 128262 $ $ 146747 mid mid

North Stormont 157983 $ $ 105544 mid low

Ottawa 164103 $ $ 194028 mid high

Prince Edward County 165730 $ $ 157062 mid mid

Eastern Avg 118835 $ $ 127424

Median 102236 $ $ 120342

NiagaraHamilton Municipalities

2

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Welland 82100 $ $ 91809 low low

Port Colborne 96242 $ $ 107878 low low

St Catharines 103081 $ $ 119650 low low

Thorold 109101 $ $ 121396 low low

Fort Erie 111853 $ $ 119871 low low

Niagara Falls 119136 $ $ 145134 mid mid

Hamilton 123694 $ $ 146819 mid mid

West Lincoln 130985 $ $ 121413 mid low

Lincoln 141793 $ $ 142067 mid mid

Pelham 142156 $ $ 141412 mid mid

Grimsby 143810 $ $ 153059 mid mid

Wainfleet 153135 $ $ 138714 mid mid

Niagara‐on‐the‐Lake 259936 $ $ 274476 high high

NiagaraHamilton Avg $ 132079 $ 140285

Median $ 123694 $ 138714

Socio Economic Indicators 35

Municipal Study 2018

Taxable Assessment Per Capita (contrsquod) (Grouped by Location sorted by unweighted assessment)

GTA Municipalities

1

Municipality

2018 Unweighted Assessment per Capita

2018 Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Oshawa $ 116675 $ 131036 low mid

Clarington $ 133155 $ 136930 mid mid

Brampton $ 140308 $ 149135 mid mid

Whitby $ 150288 $ 161449 mid mid

Georgina $ 154729 $ 153478 mid mid

Brock $ 155114 $ 137843 mid mid

Pickering $ 175091 $ 187269

Milton $ 183143 $ 197531

Newmarket $ 190605 $ 197521

Halton Hills $ 191864 $ 202944

Mississauga $ 195204 $ 220161

Burlington $ 207355 $ 234312

Whitchurch‐Stouffville $ 220586 $ 220377

Toronto $ 222667 $ 320682

Caledon $ 236060 $ 235797

East Gwillimbury $ 240312 $ 235891

Markham $ 241816 $ 249067

Aurora $ 244870 $ 250861

Richmond Hill $ 264402 $ 270035

Oakville $ 272192 $ 296552

Vaughan $ 272434 $ 286894

King $ 310146 $ 297667

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

GTA Avg $ 205410 $ 216974

Median $ 201279 $ 220269

Socio Economic Indicators 36

Municipal Study 2018

Taxable Assessment Per Capita (contrsquod) (Grouped by Location sorted by unweighted assessment)

Northern Municipalities 4

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Elliot Lake 49556 $ $ 55809 low low

Espanola 74662 $ $ 95740 low low

Timmins 80049 $ $ 96701 low low

Sault Ste Marie 87701 $ $ 112497 low low

Thunder Bay 92226 $ $ 114994 low low

Greater Sudbury 104015 $ $ 127985 low mid

North Bay 104307 $ $ 124452 low mid

Parry Sound 105525 $ $ 122599 low low

Kenora 111838 $ $ 132512 low mid

Greenstone 130518 $ $ 127794 mid mid

North Avg 94040 $ $ 111108

Median 98121 $ $ 118797

SimcoeMuskokaDufferin Municipalities

6

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Penetanguishene 108151 $ $ 111153 low low

Midland 110881 $ $ 117659 low low

Orillia 118401 $ $ 140299 low mid

Tay 124259 $ $ 122533 mid low

Orangeville 127343 $ $ 136426 mid mid

Barrie 129721 $ $ 139665 mid mid

Collingwood 170793 $ $ 177145 high high

Springwater 177271 $ $ 165762 high high

Innisfil 179107 $ $ 175252 high high

Huntsville 184033 $ $ 184555 high high

Bracebridge 186068 $ $ 186348 high high

Gravenhurst 261645 $ $ 262220 high high

Tiny 305257 $ $ 298534 high high

SimcoeMuskDuff Avg $ 167918 $ 170581

Median $ 170793 $ 165762

Socio Economic Indicators 37

Municipal Study 2018

Taxable Assessment Per Capita (contrsquod) (Grouped by Location sorted by unweighted assessment) Southwest Municipalities

5

Municipality

2018

Unweighted Assessment per Capita

2018 Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Windsor $ 70740 $ 89181 low low

St Thomas $ 79492 $ 94092 low low

Owen Sound $ 90150 $ 109736 low low

Ingersoll $ 92868 $ 113347 low low

Sarnia $ 97322 $ 112509 low low

Tillsonburg $ 98390 $ 116633 low low

Brantford $ 102171 $ 122952 low low

London $ 105144 $ 120661 low low

St Marys $ 105921 $ 120810 low low

Kitchener $ 116058 $ 136243 low mid

Minto $ 116637 $ 99007 low low

Stratford $ 117383 $ 142680 low mid

Chatham‐Kent $ 119182 $ 95494 mid low

Strathroy‐Caradoc $ 120420 $ 112270 mid low

Cambridge $ 121506 $ 147676 mid mid

Haldimand $ 131748 $ 125004 mid mid

Guelph $ 139291 $ 165252 mid

Norfolk $ 139339 $ 123997 mid low

Brockton $ 139798 $ 106270 mid low

Wellington North $ 147042 $ 114949 mid low

Central Elgin $ 148557 $ 128634 mid mid

Centre Wellington $ 152007 $ 144000 mid mid

Wilmot $ 159381 $ 150091 mid mid

Meaford $ 161150 $ 146718 mid mid

Brant $ 161479 $ 154147 mid mid

Waterloo $ 164531 $ 194966 mid

Woolwich $ 165349 $ 166951 mid

Wellesley $ 167265 $ 136354

high high

high mid

high high

high high

high high

high high

high mid

high high

high mid

high high

high mid

high high

mid mid

Saugeen Shores $ 177948 $ 174964

North Perth $ 187449 $ 127259

North Dumfries $ 188250 $ 198361

Kincardine $ 196159 $ 175934

Guelph‐Eramosa $ 201118 $ 181487

Erin $ 202247 $ 186496

Middlesex Centre $ 205689 $ 155170

Grey Highlands $ 209673 $ 176167

Mapleton $ 213981 $ 135649

Lambton Shores $ 245964 $ 216573

North Middlesex $ 263607 $ 135367

Puslinch $ 276942 $ 290895

high

high

high

Southwest Avg $ 152484 $ 143624

Median $ 147800 $ 135946

Socio Economic Indicators 38

‐ ‐

‐ ‐

Municipal Study 2018

Unweighted AssessmentmdashTrend

The tables on the next several pages reflect the change in unweighted assessment from 2013‐2018 The changes in assessment trends are related to new growth as well as changes in market value of existing properties The changes include the impact of reassessment as well as growth The table has been sorted

from low to high for the 2017‐2018 change in assessment

2013

2014

2014 2015

2015

2016

2016 2017

2017 2018

Ranking 2017 2018

Meaford 56 52 45 04 03 low

Owen Sound 33 25 20 ‐09 14 low

Brockvil le 47 36 62 ‐25 15 low

North Bay 61 49 51 ‐11 23 low

Elliot Lake NA 51 47 ‐10 23 low

St Marys NA NA 30 31 27 low

Windsor 14 12 14 29 27 low

Timmins 71 65 58 ‐10 29 low

Bracebridge 29 25 26 09 30 low

Peterborough 33 29 30 45 30 low

Brant 59 52 59 63 31 low

Gravenhurst 27 31 30 17 33 low

Bellevil le 33 39 29 15 36 low

Saugeen Shores 59 60 51 ‐03 36 low

Huntsville 22 28 24 14 37 low

Ottawa 78 65 72 58 38 low

Fort Erie 20 19 18 ‐02 38 low

Sarnia 21 20 23 25 38 low

London 37 46 35 47 40 low

Greater Sudbury 83 63 49 ‐10 41 low

Port Colborne 27 30 22 15 43 low

Parry Sound NA NA 27 ‐50 45 low

St Thomas 21 31 30 23 45 low

Sault Ste Marie 73 63 62 22 45 low

Prince Edward County 58 42 44 50 46 low

Quinte West 35 41 31 28 46 low

Stratford 58 40 38 33 47 low

Kingston 59 13 48 37 47 low

Greenstone 23 22 19 34 47 low

Ingersoll 09 54 32 23 48 low

Welland 28 30 19 34 49 low

Tillsonburg 36 33 26 15 50 low

Socio Economic Indicators 39

Municipal Study 2018

Unweighted AssessmentmdashTrend (contrsquod)

Socio Economic Indicators

2013 ‐

2014 2014 ‐

2015 2015 ‐

2016 2016 ‐

2017 2017 ‐

2018

Ranking 2017 ‐ 2018

Cambridge 41 38 37 43 51 mid

Kenora 67 65 61 38 51 mid

St Catharines 32 28 24 27 51 mid

Kitchener 55 61 53 53 53 mid

Central Elgin NA NA NA 36 54 mid

Collingwood NA 36 39 46 56 mid

Kincardine NA NA 54 20 56 mid

Cornwall 106 64 67 ‐14 57 mid

Strathroy‐Caradoc NA 45 42 62 57 mid

Orill ia 27 26 23 30 57 mid

Wilmot 56 53 52 49 58 mid

Erin NA NA 49 48 59 mid

Brock 37 41 37 49 59 mid

Thunder Bay 72 71 75 56 61 mid

Brantford NA NA NA NA 61 mid

Thorold 36 37 39 34 62 mid

Grey Highlands NA 69 64 37 63 mid

Orangevil le 43 41 43 46 64 mid

Lambton Shores 64 57 57 53 65 mid

Wainfleet 31 28 29 63 65 mid

Woolwich 48 53 42 64 65 mid

Pelham 34 33 40 43 65 mid

Centre Wellington NA NA 48 59 66 mid

North Dumfries 38 36 39 60 67 mid

Mississauga 57 55 51 66 67 mid

Barrie 30 33 28 75 67 mid

Guelph 43 64 38 86 67 mid

Chatham‐Kent NA NA 48 53 68 mid

Puslinch NA NA 43 20 71 mid

Guelph‐Eramosa NA NA 46 62 72 mid

Halton Hills 85 62 48 64 72 mid

Minto NA NA 46 75 73 mid

Hamilton 43 45 48 63 73 mid

Haldimand NA NA NA 51 73 mid

40

Municipal Study 2018

Unweighted AssessmentmdashTrend (contrsquod)

41Socio Economic Indicators

Lincoln 39 45 37 52 76

Middlesex Centre 73 74 66 66 78

Burlington 54 62 53 69 78

Waterloo 66 60 58 56 81

Caledon 74 71 63 73 84

Toronto 65 67 67 88 87

Grimsby 32 48 43 79 88

Brampton 77 74 73 84 88

Wellesley 65 58 50 87 89

Niagara‐on‐the‐Lake 58 97 64 74 90

Wellington North NA NA 55 93 91

Vaughan 77 75 63 90 91

Whitby 51 43 41 96 92

Clarington 73 47 44 86 93

Georgina 49 46 51 87 98

Milton 85 91 76 76 98

Oakville 68 77 69 75 100

Oshawa 38 32 38 106 102

West Lincoln 49 36 45 94 102

Newmarket 80 63 56 93 104

Whitchurch‐Stouffvil le 84 66 57 104 106

Markham 93 85 79 115 106

King 117 103 101 84 107

Mapleton NA NA 84 115 109

Niagara Falls 37 72 50 ‐09 112

Aurora 76 73 88 115 115

Richmond Hill 87 81 75 130 117

North Middlesex NA NA NA 126 118

Springwater 40 48 44 63 121

North Perth NA NA NA 126 122

Innisfil 49 47 61 80 125

Pickering 58 45 46 38 137

East Gwillimbury 88 55 46 134 159

Average 53 50 47 51 67

Median 51 48 46 52 64

2013 ‐

2014 2014 ‐

2015

2015 ‐2016

2016 ‐

2017

2017 ‐

2018

Ranking 2017 ‐ 2018

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐2018)

3

Eastern

Brockvil le 47 36 62 ‐25 15 low

Peterborough 33 29 30 45 30 low

Bellevil le 33 39 29 15 36 low

Ottawa 78 65 72 58 38 low

Prince Edward County 58 42 44 50 46 low

Quinte West 35 41 31 28 46 low

Kingston 59 13 48 37 47 low

Cornwall 106 64 67 ‐14 57 mid

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

Ranking 2017 ‐ 2018

Average 56 41 48 24 39

Median 53 40 46 33 42

2

NiagaraHamilton

Fort Erie 20 19 18 ‐02 38 low

Port Colborne 27 30 22 15 43 low

Welland 28 30 19 34 49 low

St Catharines 32 28 24 27 51 mid

Thorold 36 37 39 34 62 mid

Wainfleet 31 28 29 63 65 mid

Pelham 34 33 40 43 65 mid

Hamilton 43 45 48 63 73 mid

Lincoln 39 45 37 52 76 high

Grimsby 32 48 43 79 88 high

Niagara‐on‐the‐Lake 58 97 64 74 90 high

West Lincoln 49 36 45 94 102 high

Niagara Falls 37 72 50 ‐09 112 high

Ranking 2017 ‐ 2018

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

Average 36 42 37 44 70

Median 34 36 39 43 65

Socio Economic Indicators 42

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐2018) (contrsquod)

1

GTA

Brock

Mississauga

Halton Hills

Burlington

Caledon

Toronto

Brampton

Vaughan

Whitby

Clarington

Georgina

Milton

Oakville

Oshawa

Newmarket

Whitchurch‐Stouffvil le

Markham

King

Aurora

Richmond Hill

Pickering

East Gwill imbury

Average

Median

37

57

85

54

74

65

77

77

51

56

49

85

68

38

80

84

93

117

76

87

58

88

71

75

2013 ‐2014

41

55

62

62

71

67

74

75

43

47

46

91

77

32

63

66

85

103

73

81

45

55

64

65

2014 ‐2015

37

51

48

53

63

67

73

63

41

44

51

76

69

38

56

57

79

101

88

75

46

46

60

57

2015 ‐2016

49

66

64

69

73

88

84

90

96

86

87

76

75

106

93

104

115

84

115

130

38

134

87

86

2016 ‐2017

59 mid

67 mid

72 mid

78 high

84 high

87 high

88 high

91 high

92 high

93 high

98 high

98 high

100 high

102 high

104 high

106 high

106 high

107 high

115 high

117 high

137 high

159 high

98

98

2017 ‐2018

Ranking 2017 ‐ 2018

Socio Economic Indicators 43

‐ ‐ ‐ ‐ ‐

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐18) (contrsquod)

5

Southwest

2013

2014 2014 2015

2015

2016 2016

2017 2017

2018 Ranking 2017 2018

Meaford 56 52 45 04 03 low

Owen Sound 33 25 20 ‐09 14 low

St Marys NA NA 30 31 27 low

Windsor 14 12 14 29 27 low

Brant 59 52 59 63 31 low

Saugeen Shores 59 60 51 ‐03 36 low

Sarnia 21 20 23 25 38 low

London 37 46 35 47 40 low

St Thomas 21 31 30 23 45 low

Stratford 58 40 38 33 47 low

Ingersoll 09 54 32 23 48 low

Tillsonburg 36 33 26 15 50 low

Cambridge 41 38 37 43 51 mid

Kitchener 55 61 53 53 53 mid

Central Elgin NA NA NA 36 54 mid

Kincardine NA NA 54 20 56 mid

Strathroy‐Caradoc NA 45 42 62 57 mid

Wilmot 56 53 52 49 58 mid

Erin NA NA 49 48 59 mid

Brantford NA NA NA NA 61 mid

Grey Highlands NA 69 64 37 63 mid

Lambton Shores 64 57 57 53 65 mid

Woolwich 48 53 42 64 65 mid

Centre Wellington NA NA 48 59 66 mid

North Dumfries 38 36 39 60 67 mid

Guelph 43 64 38 86 67 mid

Chatham‐Kent NA NA 48 53 68 mid

Puslinch NA NA 43 20 71 mid

Guelph‐Eramosa NA NA 46 62 72 mid

Minto NA NA 46 75 73 mid

Haldimand NA NA NA 51 73 mid

Middlesex Centre 73 74 66 66 78

Waterloo 66 60 58 56 81

Wellesley 65 58 50 87 89

Wellington North NA NA 55 93 91

Mapleton NA NA 84 115 109

North Middlesex NA NA NA 126 118

North Perth NA NA NA 126 122

Average 45 48 45 51 60

Median 48 52 46 51 60

high

high

high

high

high

high

high

Socio Economic Indicators 44

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐18) (contrsquod)

4

North

North Bay 61 49 51 ‐11 23 low

Elliot Lake NA 51 47 ‐10 23 low

Timmins 71 65 58 ‐10 29 low

Greater Sudbury 83 63 49 ‐10 41 low

Parry Sound NA NA 27 ‐50 45 low

Sault Ste Marie 73 63 62 22 45 low

Greenstone 23 22 19 34 47 low

Kenora 67 65 61 38 51 mid

Thunder Bay 72 71 75 56 61 mid

Ranking 2017 ‐ 2018

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

6

SimcoeMuskDuff

Bracebridge 29 25 26 09 30 low

Gravenhurst 27 31 30 17 33 low

Huntsvil le 22 28 24 14 37 low

Collingwood NA 36 39 46 56 mid

Orill ia 27 26 23 30 57 mid

Orangevil le 43 41 43 46 64 mid

Barrie 30 33 28 75 67 mid

Springwater 40 48 44 63 121 high

Innisfi l 49 47 61 80 125 high

Ranking 2017 ‐ 2018

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

Average 64 56 50 07 41

Median 71 63 51 ‐10 45

Average 33 35 35 42 65

Median 29 33 30 46 57

Socio Economic Indicators 45

Municipal Study 2018

2018 Unweighted Assessment Composition (Sorted Alphabetically)

Municipality Residential Multi‐

Residential Commercial Industrial Pipelines Farmlands Forests

Aurora 876 09 95 18 01 01 00

Bancroft 746 46 181 07 00 05 15

Barrie 764 41 170 21 02 02 00

Belleville 708 55 192 27 04 14 00

Bracebridge 877 14 87 11 05 01 05

Brampton 809 19 135 33 02 02 00

Brant 702 04 49 40 04 200 01

Brantford 757 43 150 43 02 04 00

Brock 754 08 40 10 02 182 03

Brockton 571 19 57 07 02 341 02

Brockville 761 65 145 25 04 00 00

Burlington 789 37 140 27 02 04 00

Caledon 793 02 105 35 01 57 07

Cambridge 752 44 149 51 02 03 00

Central Elgin 732 01 36 05 03 220 01

Centre Wellington 774 10 51 16 02 145 02

Chatham‐Kent 508 14 70 15 08 384 00

Clarington 858 09 67 21 04 39 02

Collingwood 842 18 122 16 01 01 00

Cornwall 684 55 236 20 03 02 00

East Gwillimbury 867 03 68 12 02 46 02

Elliot Lake 805 76 105 06 08 00 00

Erin 804 02 32 12 01 144 06

Espanola 836 16 111 30 05 01 02

Fort Erie 885 11 72 13 04 15 00

Georgina 903 12 55 03 02 25 01

Gravenhurst 908 09 71 03 07 01 02

Greater Sudbury 801 40 130 23 03 01 00

Greenstone 264 06 159 11 559 00 00

Grey Highlands 703 03 23 22 01 235 14

Grimsby 884 07 78 11 02 18 00

Guelph 786 46 124 42 02 00 00

Guelph‐Eramosa 757 02 42 11 02 184 01

Haldimand 739 07 46 27 11 169 01

Halton Hills 834 09 94 30 01 30 01

Hamilton 820 41 100 16 04 19 00

Socio Economic Indicators 46

Municipal Study 2018

2018 Unweighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Municipality Residential Multi‐

Residential Commercial Industrial Pipelines Farmlands Forests

Huntsville 860 09 104 12 09 01 05

Ingersoll 810 19 101 66 03 01 00

Innisfil 871 02 64 08 04 51 01

Kenora 823 17 119 21 20 01 00

Kincardine 628 09 104 46 00 212 02

King 886 02 35 08 03 64 03

Kingston 764 80 138 11 03 04 00

Kitchener 794 67 124 14 00 01 00

Lambton Shores 715 07 55 07 02 213 00

Lincoln 775 06 61 28 05 124 00

London 815 37 124 12 02 09 00

Mapleton 415 01 18 19 05 540 03

Markham 848 10 123 16 01 02 00

Meaford 806 18 28 02 05 133 09

Middlesex Centre 594 03 28 03 31 340 01

Midland 758 40 168 29 02 02 00

Milton 819 07 115 35 05 18 02

Minto 608 05 66 23 02 295 01

Mississauga 727 37 198 37 01 00 00

Newmarket 840 15 122 21 01 00 00

Niagara Falls 695 27 256 11 04 07 00

Niagara‐on‐the‐Lake 747 03 147 09 03 89 00

Norfolk 700 07 57 12 06 215 04

North Bay 766 46 156 18 13 00 00

North Dumfries 702 02 87 54 42 111 01

North Middlesex 303 04 18 07 07 658 04

North Perth 441 06 57 19 02 475 00

North Stormont 494 04 26 05 02 468 02

Oakville 845 19 115 18 01 01 00

Orangeville 834 20 129 16 01 00 00

Orillia 755 55 171 16 02 00 00

Oshawa 792 58 125 19 02 04 00

Ottawa 756 54 170 10 02 08 00

Owen Sound 750 70 162 14 03 01 00

Parry Sound 727 37 222 11 02 01 00

Pelham 895 07 34 01 06 56 01

Socio Economic Indicators 47

Municipal Study 2018

2018 Unweighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Multi‐

Municipality Residential Residential Commercial Industrial Pipelines Farmlands Forests

Penetanguishene 895 22 59 20 03 01 01

Peterborough 783 73 129 13 02 01 00

Pickering 829 08 122 21 02 18 00

Port Colborne 829 21 73 43 05 28 00

Prince Edward County 847 14 46 06 01 84 02

Puslinch 791 01 78 48 03 73 06

Quinte West 767 26 146 16 08 37 01

Richmond Hill 892 12 83 12 01 01 00

Sarnia 774 39 125 32 07 23 00

Saugeen Shores 885 16 56 01 02 39 01

Sault Ste Marie 780 54 145 16 04 00 00

Springwater 842 02 36 09 06 99 05

St Catharines 789 51 136 14 02 08 00

St Marys 828 16 79 68 03 07 00

St Thomas 827 40 94 31 03 04 00

Stratford 792 46 123 32 02 04 00

Strathroy‐Caradoc 706 23 71 25 22 151 01

Tay 920 00 40 05 03 27 05

Thorold 803 47 82 33 11 23 00

Thunder Bay 791 40 153 13 03 00 00

Tillsonburg 824 33 100 35 03 06 00

Timmins 801 20 147 26 05 02 00

Tiny 945 02 12 01 03 31 05

Toronto 745 67 175 13 01 00 00

Vaughan 787 03 155 52 01 02 00

Wainfleet 813 00 20 04 05 156 01

Waterloo 746 94 137 20 01 00 00

Welland 854 37 85 15 04 04 00

Wellesley 595 01 24 44 02 332 02

Wellington North 524 11 54 23 02 384 02

West Lincoln 751 03 35 16 13 181 01

Whitby 860 21 97 16 02 04 00

Whitchurch‐Stouffville 888 06 65 17 01 22 02

Wilmot 786 08 40 11 03 150 01

Windsor 758 40 158 39 04 02 00

Woolwich 697 09 99 33 03 158 01

Average 766 23 99 20 09 80 01 Median 789 16 98 16 03 14 00 Min 264 00 12 01 00 00 00 Max 945 94 256 68 559 658 15

Socio Economic Indicators 48

Municipal Study 2018

Top 10 Municipalities With Highest Proportion of Unweighted Assessment Per Type of Assessment

Municipality Residential

Tiny 945

Tay 920

Gravenhurst 908

Georgina 903

Pelham 895

Penetanguishene 895

Richmond Hill 892

Whitchurch‐Stouffville 888

King 886

Saugeen Shores 885

Municipality Industrial

St Marys 68

Ingersoll 66

North Dumfries 54

Vaughan 52

Cambridge 51

Puslinch 48

Kincardine 46

Wellesley 44

Port Colborne 43

Brantford 43

Municipality Multi‐Residential

Waterloo 94

Kingston 80

Elliot Lake 76

Peterborough 73

Owen Sound 70

Toronto 67

Kitchener 67

Brockville 65

Oshawa 58

Orillia 55

Municipality Pipelines

Greenstone 559

North Dumfries 42

Middlesex Centre 31

Strathroy‐Caradoc 22

Kenora 20

West Lincoln 13

North Bay 13

Thorold 11

Haldimand 11

Huntsville 09

Municipality Commercial

Niagara Falls 256

Cornwall 236

Parry Sound 222

Mississauga 198

Belleville 192

Bancroft 181

Toronto 175

Orillia 171

Barrie 170

Ottawa 170

Municipality Farmlands

North Middlesex 658

Mapleton 540

North Perth 475

North Stormont 468

Chatham‐Kent 384

Wellington North 384

Brockton 341

Middlesex Centre 340

Wellesley 332

Minto 295

Socio Economic Indicators 49

Municipal Study 2018

2018 Weighted Assessment Composition (Sorted Alphabetically)

Municipality Residential Multi‐

Residential Commercial Industrial Pipelines Farmlands Forests

Aurora 855 09 112 23 01 00 00

Bancroft 740 52 195 08 00 01 04

Barrie 709 38 224 26 02 00 00

Belleville 556 102 286 49 04 03 00

Bracebridge 876 14 94 10 04 00 01

Brampton 761 30 163 44 02 00 00

Brant 735 07 96 103 07 50 00

Brantford 629 65 223 79 03 01 00

Brock 848 18 64 24 03 41 01

Brockton 751 25 92 16 02 112 01

Brockville 620 94 228 53 05 00 00

Burlington 698 65 179 55 02 01 00

Caledon 794 04 139 51 01 10 02

Cambridge 619 62 237 80 02 01 00

Central Elgin 846 03 69 14 05 64 00

Centre Wellington 817 20 79 40 04 38 00

Chatham‐Kent 633 36 172 40 12 106 00

Clarington 834 17 93 43 05 08 01

Collingwood 812 22 144 20 02 00 00

Cornwall 518 96 343 39 04 00 00

East Gwillimbury 883 03 83 17 01 12 01

Elliot Lake 715 135 138 07 05 00 00

Erin 872 04 51 30 02 39 02

Espanola 652 25 166 153 04 00 00

Fort Erie 826 20 113 31 06 04 00

Georgina 910 12 66 04 01 06 00

Gravenhurst 906 09 77 03 05 00 00

Greater Sudbury 651 61 207 75 05 00 00

Greenstone 270 12 227 28 463 00 00

Grey Highlands 836 05 35 49 01 70 04

Grimsby 831 12 124 26 03 04 00

Guelph 663 69 191 75 03 00 00

Guelph‐Eramosa 839 05 69 29 06 51 00

Haldimand 779 14 81 64 17 44 00

Halton Hills 789 17 128 59 01 06 00

Hamilton 691 86 165 48 07 03 00

Huntsville 858 09 112 13 06 00 01

Socio Economic Indicators 50

Municipal Study 2018

2018 Weighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Municipality Residential Multi

Residential Commercial Industrial Pipelines Farmlands Forests

Ingersoll 664 37 156 140 03 00 00

Innisfil 890 03 79 10 05 13 00

Kenora 695 22 214 44 25 00 00

Kincardine 700 10 142 89 00 59 00

King 923 02 44 11 03 17 01

Kingston 668 70 236 23 03 01 00

Kitchener 676 97 204 22 00 00 00

Lambton Shores 812 13 100 17 04 55 00

Lincoln 774 11 103 71 09 31 00

London 710 58 207 20 04 01 00

Mapleton 655 03 41 70 16 213 01

Markham 823 10 145 21 01 01 00

Meaford 885 28 39 04 05 36 03

Middlesex Centre 788 06 43 08 44 113 00

Midland 714 48 196 38 03 00 00

Milton 760 12 153 66 05 03 00

Minto 716 11 115 64 06 87 00

Mississauga 645 47 256 51 01 00 00

Newmarket 811 15 144 29 01 00 00

Niagara Falls 571 43 356 23 05 01 00

Niagara‐on‐the‐Lake 708 06 239 20 06 21 00

Norfolk 787 14 107 22 10 60 01

North Bay 642 80 244 21 12 00 00

North Dumfries 666 05 159 97 47 26 00

North Middlesex 590 12 39 22 15 321 02

North Perth 648 15 104 52 05 175 00

North Stormont 740 06 60 15 04 175 01

Oakville 776 35 151 36 01 00 00

Orangeville 779 45 146 30 01 00 00

Orillia 637 66 269 22 06 00 00

Oshawa 706 96 160 35 02 01 00

Ottawa 640 63 275 19 03 01 00

Owen Sound 616 104 248 24 07 00 00

Parry Sound 626 47 312 13 02 00 00

Pelham 900 14 59 03 11 14 00

Penetanguishene 871 27 71 27 04 00 00

Peterborough 690 116 173 19 02 00 00

Socio Economic Indicators 51

Municipal Study 2018

2018 Weighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Multi‐

Municipality Residential Residential Commercial Industrial Pipelines Farmlands Forests

Pickering 775 14 164 41 02 03 00

Port Colborne 739 37 112 96 08 06 00

Prince Edward County 893 21 53 09 01 22 00

Puslinch 753 02 111 110 06 17 01

Quinte West 700 48 202 34 07 08 00

Richmond Hill 873 12 99 15 01 00 00

Sarnia 669 67 186 66 08 04 00

Saugeen Shores 900 16 70 02 02 10 00

Sault Ste Marie 608 46 253 85 06 00 00

Springwater 901 02 47 13 09 26 01

St Catharines 680 83 202 30 03 02 00

St Marys 726 15 106 147 05 02 00

St Thomas 698 79 154 65 03 01 00

Stratford 651 74 200 70 03 01 00

Strathroy‐Caradoc 757 44 86 47 25 41 00

Tay 933 00 48 07 04 07 01

Thorold 722 58 126 71 17 05 00

Thunder Bay 634 75 258 25 07 00 00

Tillsonburg 695 65 159 76 03 01 00

Timmins 663 29 246 52 09 00 00

Tiny 966 03 16 02 04 08 01

Toronto 517 114 343 25 01 00 00

Vaughan 747 03 178 70 01 00 00

Wainfleet 898 01 37 11 10 43 00

Waterloo 630 112 223 32 01 00 00

Welland 764 64 129 35 07 01 00

Wellesley 729 03 58 105 03 102 00

Wellington North 671 27 103 70 07 123 01

West Lincoln 810 07 64 44 25 49 00

Whitby 801 36 130 30 02 01 00

Whitchurch‐Stouffville 889 06 76 22 01 05 00

Wilmot 835 16 82 23 04 40 00

Windsor 601 63 248 82 06 00 00

Woolwich 690 14 190 63 04 39 00

Average 741 35 146 42 10 25 00 Median 737 21 141 31 04 03 00 Min 270 00 16 02 00 00 00 Max 966 135 356 153 463 321 04

Socio Economic Indicators 52

Municipal Study 2018

2018 Shift In Tax BurdenmdashUnweighted to Weighted Residential Assessment

As shown in the table tax ratios typically shift the burden from residential to non‐residential properties

Approximately 64 of the municipalities surveyed have a decrease in tax burden on the Residential class as a result of tax ratios for non‐residential classes greater than 10 The implementation of tax ratios to the assessment base for municipalities with a larger proportion of farmland and managed forest results in an increase in the residential burden

Municipality

Residential Unweighted Assessment

Residential Weighted Assessment

Change Unweighted to Weighted Municipality

Residential Unweighted Assessment

Residential Weighted Assessment

Change Unweighted to Weighted

Toronto 745 517 ‐306 Oshawa 792 706 ‐110

Cornwall 684 518 ‐243 Port Colborne 829 739 ‐108

Sault Ste Marie 780 608 ‐220 Welland 854 764 ‐106

Espanola 836 652 ‐220 Thorold 803 722 ‐101

Belleville 708 556 ‐214 Quinte West 767 700 ‐87

Windsor 758 601 ‐207 Oakville 845 776 ‐82

Thunder Bay 791 634 ‐198 Milton 819 760 ‐73

Greater Sudbury 801 651 ‐187 Barrie 764 709 ‐71

Brockville 761 620 ‐185 Whitby 860 801 ‐69

Ingersoll 810 664 ‐181 Fort Erie 885 826 ‐67

Niagara Falls 695 571 ‐179 Orangeville 834 779 ‐67

Owen Sound 750 616 ‐178 Pickering 829 775 ‐65

Stratford 792 651 ‐177 Grimsby 884 831 ‐60

Cambridge 752 619 ‐177 Brampton 809 761 ‐59

Timmins 801 663 ‐172 Midland 758 714 ‐58

Brantford 757 629 ‐169 Halton Hills 834 789 ‐55

North Bay 766 642 ‐162 Niagara‐on‐the‐Lake 747 708 ‐53

Hamilton 820 691 ‐158 North Dumfries 702 666 ‐51

Guelph 786 663 ‐157 Vaughan 787 747 ‐50

Tillsonburg 824 695 ‐157 Puslinch 791 753 ‐48

St Thomas 827 698 ‐157 Collingwood 842 812 ‐36

Waterloo 746 630 ‐156 Newmarket 840 811 ‐35

Orillia 755 637 ‐156 Markham 848 823 ‐29

Kenora 823 695 ‐156 Clarington 858 834 ‐28

Ottawa 756 640 ‐154 Penetanguishene 895 871 ‐27

Kitchener 794 676 ‐148 Aurora 876 855 ‐24

Parry Sound 727 626 ‐139 Richmond Hill 892 873 ‐21

St Catharines 789 680 ‐138 Woolwich 697 690 ‐10

Sarnia 774 669 ‐135 Bancroft 746 740 ‐08

London 815 710 ‐129 Huntsville 860 858 ‐03

Kingston 764 668 ‐126 Gravenhurst 908 906 ‐02

St Marys 828 726 ‐123 Lincoln 775 774 ‐02

Peterborough 783 690 ‐119 Bracebridge 877 876 ‐02

Burlington 789 698 ‐115 Whitchurch‐Stouffville 888 889 01

Mississauga 727 645 ‐113

Elliot Lake 805 715 ‐112

Caledon 793 794 01

Pelham 895 900 05

Socio Economic Indicators 53

Municipal Study 2018

2018 Shift In Tax BurdenmdashUnweighted to Weighted Residential Assessment (contrsquod)

Municipality

Residential

Unweighted Assessment

Residential Weighted Assessment

Change Unweighted to Weighted

Georgina 903 910 08

Tay 920 933 14

Saugeen Shores 885 900 17

East Gwillimbury 867 883 19

Greenstone 264 270 21

Innisfil 871 890 22

Tiny 945 966 23

King 886 923 42

Brant 702 735 47

Haldimand 739 779 54

Prince Edward County 847 893 55

Centre Wellington 774 817 56

Wilmot 786 835 62

Springwater 842 901 69

Strathroy‐Caradoc 706 757 73

West Lincoln 751 810 79

Erin 804 872 84

Meaford 806 885 98

Wainfleet 813 898 104

Guelph‐Eramosa 757 839 108

Kincardine 628 700 115

Norfolk 700 787 124

Brock 754 848 125

Lambton Shores 715 812 136

Central Elgin 732 846 155

Minto 608 716 178

Grey Highlands 703 836 190

Wellesley 595 729 226

Chatham‐Kent 508 633 248

Wellington North 524 671 279

Brockton 571 751 315

Middlesex Centre 594 788 326

North Perth 441 648 471

North Stormont 494 740 497

Mapleton 415 655 577

North Middlesex 303 590 947

Average 766 741 ‐16 Median 789 737 ‐51 Min 264 270 ‐306 Max 945 966 947

Socio Economic Indicators 54

Municipal Study 2018

Residential Property Types Summary

Residential properties were broken down by the main property types to provide an indication of the housing mix and the median assessment values in each of the area

(000rsquos)

Area Single Family Detached

Home Link

Freehold Town

Semi Detached

Single on Water

Condo Seasonal

Weighted Median Assessed

Values

Total Average 357$ 300 $ 285 $ 253 $ 673 $ 228 $ 405 $ 342 $

Total Median 281$ 256 $ 264 $ 208 $ 550 $ 216 $ 362 $ 306 $

GTA Average 636 $ 452 $ 424 $ 422 $ $ 1181 322 $ 506 $ 556 $

GTA Median 600 $ 450 $ 410 $ 426 $ 718 $ 321 $ 486 $ 538 $

NiagaraHamilton Average 305 $ 270 $ 280 $ 214 $ 598 $ 208 $ 449 $ 299 $

NiagaraHamilton Median 279 $ 278 $ 277 $ 202 $ 538 $ 204 $ 510 $ 309 $

Eastern Average 252 $ 236 $ 234 $ 189 $ 449 $ 202 $ 264 $ 248 $

Eastern Median 224 $ 238 $ 227 $ 169 $ 343 $ 203 $ 242 $ 220 $

North Average 180$ 184 $ 163 $ 134 $ 330 $ 184 $ 233 $ 185 $

North Median 197 $ 192 $ 168 $ 130 $ 303 $ 196 $ 200 $ 203 $

Southwest Average 308 $ 240 $ 231 $ 227 $ 627 $ 190 $ 401 $ 301 $

Southwest Median 264 $ 221 $ 231 $ 198 $ 551 $ 184 $ 362 $ 272 $

SimcoeMuskDuff Average 293 $ 238 $ 271 $ 214 $ 661 $ 244 $ 581 $ 330 $

SimcoeMuskDuff Median 272 $ 230 $ 266 $ 200 $ 655 $ 244 $ 528 $ 326 $

The weighted median assessed value for residential properties range from an average of $185000 in northern municipalities to $556000 in the GTA

Socio Economic Indicators 55

Municipal Study 2018

Building Construction Activity (sorted from lowest to highest 2017 activity per capita)

The table summarizes the 2017 residential and non‐residential building permit values in each area

municipality To put these values into context the building permit value per capita is also summarized to get an appreciation of the relative building activity in each municipality The chart is sorted from lowest to highest based on building permit value per capita for 2017

Non Res 2017 per Municipality Res 2017 2017 Capita

East Gwillimbury 98 2 223 $

Chatham‐Kent 94 6 374 $

Greenstone 76 24 482 $

Elliot Lake 78 22 486 $

Cornwall 52 48 621 $

Espanola 68 32 814 $

Georgina 87 13 1174 $

Haldimand 0 100 1175 $

Thunder Bay 32 68 1280 $

Bancroft 57 43 1285 $

Timmins 22 78 1287 $

Sault Ste Marie 37 63 1365 $

St Catharines NA NA 1411 $

Port Colborne 82 18 1447 $

Grimsby 82 18 1451 $

Sarnia 40 60 1454 $

Whitby 52 48 1459 $

Tillsonburg 84 16 1476 $

Parry Sound 73 27 1506 $

Windsor 39 61 1549 $

Hamilton 64 36 1550 $

North Bay 36 64 1603 $

Kenora 58 42 1625 $

Mississauga 41 59 1636 $

Markham 41 59 1644 $

Richmond Hill 0 0 1756 $

Peterborough 53 47 1758 $

Brockton 0 100 1776 $

Mapleton 57 43 1857 $

Owen Sound 33 67 1966 $

Brantford 53 47 1968 $

Kitchener 66 34 2004 $

Norfolk 65 35 2087 $

Brant 53 47 2133 $

Ingersoll 91 9 2144 $

Brampton 88 12 2231 $

Non Res 2017 per Municipality Res 2017 2017 Capita

Greater Sudbury 25 75 2279 $

Belleville 0 100 2290 $

Caledon 75 25 2298 $

Lincoln 61 39 2309 $

St Marys NA NA 2366 $

North Stormont 71 29 2392 $

Guelph‐Eramosa 78 22 2444 $

St Thomas 80 20 2550 $

Orillia 77 23 2560 $

Penetanguishene 98 2 2601 $

Stratford 50 50 2646 $

Quinte West 76 24 2684 $

Whitchurch‐Stouffville 78 22 2695 $

Ottawa 66 34 2723 $

Wainfleet 80 20 2724 $

Fort Erie 70 30 2731 $

London 74 26 2763 $

North Middlesex 23 77 2790 $

Barrie 68 32 2826 $

Wellesley 37 63 2834 $

Cambridge 44 56 2838 $

Waterloo 69 31 2860 $

Bracebridge 43 57 2879 $

Welland 39 61 2942 $

Newmarket 70 30 2943 $

Wellington North 29 71 3001 $

Wilmot 60 40 3030 $

Burlington 60 40 3031 $

Tay 95 5 3043 $

Guelph 57 43 3066 $

Strathroy‐Caradoc 100 0 3072 $

Pickering NA NA 3085 $

Kingston 31 69 3105 $

Woolwich 52 48 3109 $

Minto 59 41 3140 $

Orangeville 40 60 3232 $

Socio Economic Indicators 56

Municipal Study 2018

Building Construction Activity (sorted from lowest to highest 2017 activity per capita) (contrsquod)

Municipality Res 2017 Non Res 2017

2017 per Capita

Erin

Tiny

Oshawa

Meaford

Huntsville

Clarington

Lambton Shores

Middlesex Centre

Grey Highlands

Brockville

Thorold

Collingwood

North Dumfries

Centre Wellington

Toronto

Kincardine

Saugeen Shores

Brock

Gravenhurst

West Lincoln

Halton Hills

Vaughan

Pelham

North Perth

Oakville

Puslinch

Niagara‐on‐the‐Lake

Innisfil

Springwater

King

Milton

78

100

NA

66

85

87

66

72

54

6

96

94

51

78

45

39

93

92

92

36

46

48

87

53

74

95

50

89

90

18

78

22

0

NA

34

15

13

34

28

46

94

4

6

49

22

55

61

7

8

8

64

54

52

13

47

26

5

50

11

10

82

22

3233 $

3570 $

3612 $

3822 $

3833 $

3835 $

4197 $

4246 $

4431 $

4443 $

4554 $

4567 $

4573 $

4646 $

4957 $

5155 $

5209 $

5278 $

5279 $

5544 $

5633 $

5705 $

5788 $

5842 $

5984 $

6175 $

6989 $

6997 $

7164 $

7317 $

7857 $

Average

Median

58

60

36

34

3033 $

2731 $

Socio Economic Indicators 57

Municipal Study 2018

Building Construction Activity Trend (Grouped by Location) Eastern

Municipality 2015 2016 2017

Cornwall 37426 $ 16405 $ 30149 $ 585 $

Bancroft 4537 $ 5644 $ 5186 $ 1269 $

Peterborough 108954 $ 108954 $ 149806 $ 1470 $

Brockville 13202 $ 17010 $ 97688 $ 1943 $

Belleville 63472 $ 121538 $ 122013 $ 1975 $

Kingston 160298 $ 218600 $ 400313 $ 2030 $

North Stormont 12129 $ 18723 $ 17196 $ 2228 $

Ottawa 2138273 $ 2646159 $ 2705350 $ 2590 $

Quinte West 113611 $ 141395 $ 122200 $ 2827 $

Prince Edward County 77834 $ 83204 $ NA 3194 $

Eastern Average 294656 $ 366048 $ 405545 $ 1880 $

Eastern Median 63472 $ 108954 $ 122013 $ 1975 $

Building Construction Value (000s)

3 Year Per Capita Avg

GTA Municipality 2015 2016 2017

East Gwillimbury 71000 $ NA 5706 $ 1578 $

Whitby 173069 $ 280107 $ 198721 $ 1643 $

Mississauga 1285935 $ 1455510 $ 1262657 $ 1775 $

Richmond Hill 284097 $ 613200 $ 363325 $ 2084 $

Markham 818093 $ 883308 $ 582098 $ 2234 $

Georgina 150765 $ 104777 $ 56405 $ 2263 $

Pickering 141842 $ 210728 $ 298448 $ 2290 $

Whitchurch‐Stouffville 80000 $ 140000 $ 139000 $ 2440 $

Brock 15712 $ 16485 $ 64569 $ 2700 $

Burlington 525815 $ 431921 $ 587588 $ 2720 $

Newmarket 275695 $ 262628 $ 263195 $ 3080 $

Brampton 2731791 $ 1961496 $ 1447772 $ 3314 $

Oshawa 558703 $ 454975 $ 614344 $ 3319 $

Toronto 7134639 $ 10297233 $ 14329509 $ 3766 $

Clarington 361916 $ 340630 $ 379537 $ 3818 $

Halton Hills 147541 $ 248173 $ 363426 $ 4003 $

Caledon 421729 $ 262630 $ 166235 $ 4315 $

Vaughan 1405075 $ 1148939 $ 1908214 $ 4526 $

Aurora 276058 $ 278362 $ NA 4836 $

Oakville 825811 $ 913947 $ 1235513 $ 4932 $

Milton 334740 $ 596372 $ 938908 $ 5494 $

King 254374 $ 334595 $ 202693 $ 11076 $

GTA Average 830655 $ 1011239 $ 1209898 $ 3555 $

GTA Median 309418 $ 340630 $ 363426 $ 3197 $

Building Construction Value (000s) 3 Year Per Capita Avg

Socio Economic Indicators 58

Municipal Study 2018

Building Construction Activity Trend (contrsquod) (Grouped by Location) NiagaraHamilton Municipality 2015 2016 2017

Building Construction Value (000 s) 3 Year Per Capita Avg

St Catharines

Hamilton

Port Colborne

Lincoln

Welland

Grimsby

Wainfleet

Fort Erie

Niagara Falls

Thorold

West Lincoln

Pelham

Niagara‐on‐the‐Lake

$

$

$

$

$

$

$

$

$

$

$

$

$

114141 149549 $ 196370 $

722412 613665 $ 876475 $

18130 32494 $ 27480 $

31382 40333 $ 58422 $

70323 81772 $ 162077 $

38517 120100 $ 42479 $

15495 15687 $ 18069 $

74083 94804 $ 88075 $

215200 279671 $ NA

40898 55860 $ 90748 $

83334 50382 $ 85170 $

33367 126873 $ 104245 $

126932 NA 133956 $

1128 $

1339 $

1396 $

1777 $

1951 $

2423 $

2543 $

2742 $

2842 $

3259 $

4890 $

5041 $

7350 $

NiagaraHamilton Avg

NiagaraHamilton Med

$

$

121863 138433 $ 156964 $

70323 88288 $ 89412 $

2975 $

2543 $

North Municipality 2015 2016 2017

Building Construction Value (000 s) 3 Year Per Capita Avg

Elliot Lake

Greenstone

Timmins

Espanola

Thunder Bay

Sault Ste Marie

North Bay

Parry Sound

Kenora

Greater Sudbury

$

$

$

$

$

$

$

$

$

$

10010 5976 $ 5313 $

3716 4058 $ 2306 $

45103 32653 $ 55231 $

6226 6860 $ 4112 $

157549 93789 $ 143390 $

125556 75822 $ 103149 $

66006 76258 $ 84620 $

8045 12431 $ 10173 $

20236 32201 $ 25352 $

237362 254506 $ 384024 $

638 $

715 $

1028 $

1098 $

1191 $

1341 $

1429 $

1551 $

1677 $

1760 $

North Average

North Median

SimcoeMuskDuff Municipality

$

$

67981 59456 $ 81767 $

32670 32427 $ 40292 $

2015 2016 2017 Building Construction Value (000 s)

1243 $

1266 $

3 Year Per Capita Avg

Barrie

Midland

Penetanguishene

Bracebridge

Tay

Orangeville

Tiny

Orillia

Huntsville

Collingwood

Gravenhurst

Innisfil

Springwater

$

$

$

$

$

$

$

$

$

$

$

$

198452 151050 $ 422093 $

15435 48610 $ NA

8779 21372 $ 24087 $

24677 31752 $ 48659 $

8114 31324 $ 32139 $

NA 66469 $ 98403 $

24944 36816 $ 44613 $

47585 167310 $ 83595 $

64944 80513 $ 80226 $

36760 106381 $ 108753 $

36867 40225 $ 69127 $

123878 158593 $ 278101 $

106828 133712 $ 144558 $

1754 $

1813 $

1952 $

2147 $

2259 $

2766 $

2838 $

3144 $

3705 $

3722 $

3838 $

4941 $

6570 $

SimcoeMuskDuff Av

SimcoeMuskDuff M

$

$

58105 82625 $ 119529 $

36814 66469 $ 81910 $

3188 $

2838 $

Socio Economic Indicators 59

Municipal Study 2018

Building Construction Activity Trend (contrsquod) (Grouped by Location) Southwest Municipality

Chatham‐Kent

Owen Sound

Sarnia

Windsor

Brantford

Tillsonburg

Haldimand

Norfolk

Central Elgin

Ingersoll

Brockton

St Marys

Brant

Meaford

Wilmot

Strathroy‐Caradoc

Cambridge

Wellington North

St Thomas

Kitchener

North Middlesex

Stratford

Woolwich

Erin

London

Minto

Guelph‐Eramosa

Middlesex Centre

Wellesley

Guelph

Mapleton

Lambton Shores

Saugeen Shores

Grey Highlands

Waterloo

North Dumfries

Centre Wellington

North Perth

Kincardine

Puslinch

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

2015 2016 2017

85229 26626 $ 39186 $

24945 15350 $ 43365 $

73574 103399 $ 107784 $

294220 317281 $ 354014 $

103685 184084 $ 202748 $

19570 35819 $ 24726 $

90517 91619 $ 56097 $

94216 109958 $ 139762 $

15447 28752 $ NA

15784 25444 $ 29010 $

17861 18023 $ 17500 $

12395 14205 $ 18506 $

85858 72248 $ 82372 $

12270 18152 $ 43521 $

35146 39777 $ 66481 $

37498 38239 $ 66530 $

169299 356417 $ 387236 $

18509 30497 $ 37736 $

125821 60878 $ 104249 $

565081 739739 $ 498219 $

11844 20377 $ 18089 $

80627 85170 $ 87198 $

56640 70121 $ 83376 $

27464 30580 $ 39400 $

708800 1410120 $ 1123805 $

23854 21292 $ 28762 $

39893 40780 $ 33167 $

48749 46806 $ 77635 $

48246 34777 $ 33855 $

500014 463247 $ 433798 $

57602 34254 $ 20755 $

30581 38932 $ 46370 $

36987 43620 $ 76696 $

40402 25731 $ 45711 $

340127 529025 $ 319979 $

24265 49783 $ 50355 $

96634 151126 $ 139196 $

43089 61682 $ 81008 $

77331 26981 $ 61522 $

31828 44020 $ 47920 $

Building Construction Value (000s)

488 $

1270 $

1293 $

1466 $

1587 $

1650 $

1721 $

1723 $

1730 $

1792 $

1806 $

2043 $

2129 $

2180 $

2199 $

2234 $

2278 $

2367 $

2411 $

2521 $

2584 $

2624 $

2674 $

2718 $

2756 $

2809 $

2899 $

3240 $

3341 $

3472 $

3557 $

3584 $

3692 $

3726 $

3740 $

3975 $

4490 $

4591 $

4756 $

5475 $

3 Year Per Capita Avg

Southwest Average

Southwest Median

$

$

107438 141305 $ 134729 $

48246 40780 $ 64002 $

2618 $

2521 $

Socio Economic Indicators 60

Municipal Study 2018

Summarymdash3 Year Average Building Construction Activity Per Capita (2015 2016 2017) mdash Total Survey by Location

GTA

SimcoeMuskDuff

NiagaraHamilton

Southwest

Eastern

North

Socio Economic Indicators 61

Municipal Study 2018

Financial Indicators

Municipal Financial Indicators 62

Municipal Study 2018

Financial Sustainability Indicators

As described by the Canadian Institute of Chartered Accountants (CICA) the intent of providing an evaluation of a municipalityrsquos financial condition is to evaluate a municipalityrsquos financial outlook and performance This will help form the foundation for the establishment of a long range financial plan

KeyKey fifinancinanciaall andand socisocioo‐‐ececonomiconomic iindicatorsndicators have been included to help evaluate each municipalityrsquos existing financial condition and to identify future challenges and opportunities Industry recognized indicators that are used by credit rating agencies andor recommended by Government Finance Officersrsquo

Association (GFOA) and the Ministry of Municipal Affairs and Housing have been included A number of indicators have been included

Sustainability

The ability to provide and maintain service and infrastructure levels without resorting to unplanned increases in rates or cuts to

services

Vulnerability

Addresses a municipalityrsquos

vulnerability to external sources of funding that it cannot control and its exposure to risks

Flexibility

The ability to issue debt responsibly without

impacting the credit rating Also the ability to generate required revenues

ldquoThe usefulness of indicators is not in the numbers themselves but the analysis of what is driving the indicator It may therefore be more useful to consider the combined results of several broad indicators in assessing performance rather than any one indicator on its ownrdquo

Source Local Government Financial Sustainability Nationally Consistent Frameworks published by

Local Government and Planning Ministersrsquo Council (Australia) May 2007

Municipal Financial Indicators 63

Municipal Study 2018

Net Financial Position Indicators

Financial position is a key indicator of a municipalityrsquos financial health Two key financial position indicators have been included to illustrate a municipalityrsquos financial position The net financial position is a broader measure of a municipalityrsquos indebtedness than debenture debt as it includes all of a municipalityrsquos financial assets and liabilities Net Financial Liabilities Ratio is total liabilities minus assets as a percentage of own source revenues This ratio indicates the extent to which financial liabilities could be met by its operating revenue A ratio greater than zero indicates that total liabilities exceed the total assets

Formula

Schedule 70 in the Financial Information Return is used in these calculations of Financial Position as well

as Own Source Revenues which is taken from Schedule 81

Net Financial Position per Capita = Net Financial Position

Population

Net Financial Liabilities Ratio = Net Financial Position

Own Source Revenues

Target

There is no optimal number or range for these indicators it varies according to a municipalityrsquos financial position

Interpretation

It is important that a municipality understands what is driving these indicators and monitors their

trends The financial position provides an indication of the

affordability of future municipal spending

Municipal Financial Indicators 64

Municipal Study 2018

Financial Indicators

The Financial Indicators section of the report includes a number of indicators to assist municipalities in evaluating financial condition Indicators related to Sustainability Vulnerability and Flexibility have been included It should be noted that Water and Wastewater indicators have also been included in the WaterWastewater section of the report

When the information is plotted over time these trends can be used to monitor changes in financial condition and alert the municipality to future problems We are committed to refining and developing

additional data to have more efficient and effective benchmarking tools for municipalities

Sustainability

Financial Position Per Capita

Net Financial Liabilities Ratio

Asset Consumption Ratio

Flexibility

Reserves

Tax Discretionary Reserves as a of Taxation

Discretionary Reserves as a of Own Source

Revenues

Reserves per Capita

Debt

Tax Debt Interest as a of Own Source Revenues

Debt Charges as a of Own Source Revenues

Total Debt Outstanding Per Capita

Debt Outstanding Per Own Source Revenues

Debt to Reserve Ratio

Tax Debt Outstanding per $100000 of Unweighted Assessment

Vulnerability

Taxes Receivable as a of Tax Levied

Rates Coverage Ratio

Municipal Financial Indicators 65

Municipal Study 2018

Financial Position Per CapitamdashTrend

A comparison was made of each municipalityrsquos overall financial position (financial assets less liabilities) over time on a per capita basis

Municipality 2013 2014 2015 2016 2017

Toronto $ (1668) $ (1962) $ (2192) $ (2379) $ (2460)

Ottawa $ (1448) $ (1634) $ (1736) $ (1998) $ (2299)

Greenstone $ (3734) $ (3669) $ (3082) $ (2610) $ (2117)

Bancroft $ (2053)

Pelham $ (133) $ (432) $ (531) $ (803) $ (1764)

Quinte West $ (383) $ (583) $ (1170) $ (1657) $ (1575)

Kingston $ (1060) $ (1341) $ (1283) $ (1365) $ (1434)

Port Colborne $ (498) $ (343) $ (741) $ (1404)

Owen Sound $ (774) $ (700) $ (1099) $ (1288) $ (1379)

Prince Edward County $ (1184) $ (1239) $ (1209) $ (1446) $ (1366)

Brockville $ (1238) $ (1234) $ (1201) $ (1271) $ (1334)

Thunder Bay $ (954) $ (1349) $ (1447) $ (1572) $ (1301)

Timmins $ (482) $ (677) $ (923) $ (990) $ (961)

North Perth $ (1171) $ (856) $ (899) $ (959)

Barrie $ (1538) $ (1396) $ (1492) $ (1329) $ (938)

Stratford $ (1621) $ (1581) $ (1267) $ (1002) $ (773)

Belleville $ 386 $ 179 $ (308) $ (456) $ (639)

Gravenhurst $ (1197) $ (1134) $ (1066) $ (829) $ (520)

Penetanguishene $ (399)

St Thomas $ 814 $ 653 $ 434 $ 128 $ (275)

Norfolk $ (132) $ (267)

Whitchurch ‐ Stouffville $ (329) $ (150) $ (63) $ (166) $ (212)

Middlesex Centre $ (847) $ (766) $ (633) $ (408) $ (152)

Guelph‐Eramosa $ (50) $ (53) $ (205) $ (74)

Oshawa $ (393) $ (340) $ (272) $ (170) $ (23)

Orangeville $ (363) $ (202) $ (60) $ (198) $ (21)

North Stormont $ 223 $ (91) $ (119) $ (62) $ 11

Meaford $ (521) $ (372) $ (304) $ (95) $ 73

St Catharines $ 178 $ (35) $ (87) $ (19) $ 88

Minto $ 196 $ 113 $ (11) $ 98

King $ (766) $ (718) $ (364) $ (201) $ 100

Cornwall $ 292 $ 154 $ 175 $ 36 $ 126

Brant County $ (485) $ (309) $ (187) $ (373) $ 142

Erin $ 79 $ 174 $ 172 $ 146

Mapleton $ 383 $ 384 $ 178

St Marys (91) $ 247 $ 269 $ 183 $

Municipal Financial Indicators 66

Municipal Study 2018

Financial Position Per CapitamdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Tillsonburg $ (21) $ 10 $ 60 $ 52 $ 230

Georgina $ 132 $ 192 $ 205 $ 246 $ 243

Brockton $ 277

Wainfleet $ 319 $ 512 $ 539 $ 424 $ 347

Welland $ 28 $ 25 $ 68 $ 220 $ 365

Tay $ 379

Grey Highlands $ 275 $ 401 $ 320 $ 398 $ 384

Huntsville $ (6) $ 133 $ 206 $ 282 $ 425

Hamilton $ 315 $ 259 $ 154 $ 263 $ 435

Collingwood $ (369) $ (146) $ (244) $ 241 $ 448

Caledon $ 517 $ 359 $ 355 $ 460 $ 462

North Bay $ 39 $ 176 $ 122 $ 323 $ 464

Puslinch $ 395 $ 448 $ 492 $ 528

Saugeen Shores $ 358 $ 360 $ 358 $ 518 $ 590

Springwater $ 434 $ 458 $ 498 $ 581 $ 649

Cambridge $ 707 $ 717 $ 722 $ 726 $ 650

Sarnia $ 152 $ 94 $ 213 $ 376 $ 652

Lambton Shores $ (889) $ (606) $ (262) $ 222 $ 655

Tiny $ 656

Brampton $ 866 $ 672 $ 731 $ 688 $ 661

London $ 294 $ 334 $ 508 $ 613 $ 670

Clarington $ 648 $ 600 $ 596 $ 655 $ 677

Windsor $ 510 $ 618 $ 653 $ 731 $ 715

Milton $ 774 $ 774 $ 856 $ 970 $ 717

Guelph $ 247 $ 405 $ 572 $ 658 $ 719

Peterborough $ 1235 $ 1157 $ 981 $ 915 $ 758

Centre Wellington $ 580 $ 571 $ 836 $ 817

Strathroy‐Caradoc $ (130) $ 28 $ 248 $ 638 $ 832

Ingersoll $ 43 $ 242 $ 431 $ 640 $ 856

North Middlesex $ 383 $ 685 $ 887

Kitchener $ 764 $ 802 $ 872 $ 918 $ 888

Wellesley $ 915 $ 854 $ 861 $ 904 $ 890

Fort Erie $ 530 $ 654 $ 759 $ 829 $ 890

Elliot Lake $ 228 $ 335 $ 510 $ 748 $ 892

East Gwillimbury $ 333 $ 421 $ 459 $ 522 $ 894

Burlington 889 $ 880 $ 920 $ 905 $ 927 $

Municipal Financial Indicators 67

Municipal Study 2018

Financial Position Per CapitamdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Newmarket 719 $ 716 $ 708 $ 881 $ 927 $

Espanola 444 $ 934 $

Mississauga 604 $ 495 $ 640 $ 691 $ 948 $

Chatham‐Kent 241 $ 440 $ 704 $ 948 $

Sault Ste Marie 675 $ 693 $ 772 $ 727 $ 983 $

Parry Sound 1347 $ 1245 $ 1228 $ 995 $

Brock 601 $ 766 $ 868 $ 953 $ 1039 $

Whitby 994 $ 994 $ 999 $ 1097 $ 1051 $

Woolwich 912 $ 915 $ 1000 $ 1169 $ 1100 $

Halton Hills 682 $ 771 $ 737 $ 992 $ 1117 $

Brantford 1132 $ 1132 $

Greater Sudbury 1126 $ 906 $ 1042 $ 1226 $ 1162 $

Grimsby 1314 $ 1276 $ 1444 $ 1174 $

Lincoln 1212 $ 1154 $ 1279 $ 1313 $ 1197 $

Thorold 832 $ 961 $ 1052 $ 1196 $ 1213 $

Markham 1327 $ 1285 $ 1247 $ 1223 $ 1262 $

Waterloo 1190 $ 1253 $ 1238 $ 1259 $ 1283 $

North Dumfries 1010 $ 1151 $ 1238 $ 1291 $

Orillia 817 $ 776 $ 1271 $ 1357 $ 1310 $

West Lincoln 1224 $ 1104 $ 1056 $ 1068 $ 1343 $

Richmond Hill 1421 $ 1350 $

Wilmot 1051 $ 1091 $ 1111 $ 1249 $ 1403 $

Pickering 940 $ 1134 $ 1205 $ 1288 $ 1454 $

Niagara‐on‐the‐Lake 1462 $ 1607 $ 1421 $ 1541 $ 1456 $

Oakville 1620 $ 1884 $ 1328 $ 1522 $ 1486 $

Wellington North 950 $ 1177 $ 1493 $ 1589 $

Bracebridge 1376 $ 1555 $ 1680 $ 1839 $ 1666 $

Vaughan 957 $ 1029 $ 1007 $ 1124 $ 1688 $

Haldimand 1461 $ 1513 $ 1688 $

Kincardine 2280 $ 2570 $ 2366 $ 2578 $

Kenora 1740 $ 1861 $ 4555 $ 4799 $ 4634 $

Innisfil 413 $ 378 $ 412 $ 4983 $ 4914 $

Average $ 166 $ 251 $ 320 $ 438 $ 435 Median $ 317 $ 378 $ 437 $ 613 $ 651

Column1 1 2 3 4 5

Municipal Financial Indicators 68

Municipal Study 2018

Financial Position Per CapitamdashTrend (contrsquod)

Municipality

Region Waterloo

Region York

Region Niagara

Region Peel

District Muskoka

Region Durham

Region Halton

$

$

$

$

$

$

$

2013

(744)

(1218)

(1)

(37)

(332)

1121

1444

$

$

$

$

$

$

$

2014

(987)

(1362)

(65)

(69)

(204)

1203

1600

$

$

$

$

$

$

$

2015

(1044)

(1215)

(155)

(101)

38

1327

1965

$

$

$

$

$

$

$

2016

(1229)

(1209)

(223)

8

303

1579

2097

$

$

$

$

$

$

$

2017

(1272)

(1052)

(180)

71

600

1799

2108

Average Median

$ $

33 (37)

$ $

17 (69)

$ $

116 (101)

$ $

189 8 $ $

296 71

Simcoe County

Bruce County

Dufferin County

Wellington County

Grey County

Elgin County

$ 304

$

$

$

$

$

$

(133)

(161)

(1)

371

395

235

$

$

$

$

$

$

(137)

(90)

65

442

378

262

$

$

$

$

$

$

(67)

(58)

83

186

326

339

Average Median

$ $

304 304

$ $

118 117

$ $

153 163

$ $

135 134

Municipal Financial Indicators 69

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend

Municipality 2013 2014 2015 2016 2017

Ottawa

Bancroft

Quinte West

Kingston

Prince Edward County

Brockville

Belleville

North Stormont

Cornwall

Peterborough Column1

Eastern Average

Eastern Median

$

$

$

$

$

$

$

$

$

$

$

(1448)

(383)

(1060)

(1184)

(1238)

386

223

292

1235

(353)

(383)

$

$

$

$

$

$

$

$

$

$

$

(1634)

(583)

(1341)

(1239)

(1234)

179

(91)

154

1157

(515)

(583)

$

$

$

$

$

$

$

$

$

$

$

(1736)

(1170)

(1283)

(1209)

(1201)

(308)

(119)

175

981

(652)

(1170)

$

$

$

$

$

$

$

$

$

$

$

(1998)

(1657)

(1365)

(1446)

(1271)

(456)

(62)

36

915

(812)

(1271)

$

$

$

$

$

$

$

$

$

$

$

$

(2299)

(2053)

(1575)

(1434)

(1366)

(1334)

(639)

11

126

758

(980)

(1350)

Municipality

Column1

2013 2014 2015 2016 2017

Toronto

Whitchurch ‐ Stouffville

Oshawa

King

Georgina

Caledon

Brampton

Clarington

Milton

East Gwillimbury

Burlington

Newmarket

Mississauga

Brock

Whitby

Halton Hills

Markham

Richmond Hill

Pickering

Oakville

Vaughan

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1668)

(329)

(393)

(766)

132

517

866

648

774

333

889

719

604

601

994

682

1327

940

1620

957

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1962)

(150)

(340)

(718)

192

359

672

600

774

421

880

716

495

766

994

771

1285

1134

1884

1029

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(2192)

(63)

(272)

(364)

205

355

731

596

856

459

920

708

640

868

999

737

1247

1205

1328

1007

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(2379)

(166)

(170)

(201)

246

460

688

655

970

522

905

881

691

953

1097

992

1223

1421

1288

1522

1124

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(2460)

(212)

(23)

100

243

462

661

677

717

894

927

927

948

1039

1051

1117

1262

1350

1454

1486

1688

GTA Average

GTA Median Column1

$

$

500

682

$

$

520

716

$

$

517

731

$

$

641

893

$

$

681

927

Municipal Financial Indicators 70

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Greenstone

Thunder Bay

Timmins

North Bay

Elliot Lake

Espanola

Sault Ste Marie

Parry Sound

Greater Sudbury

Kenora

$

$

$

$

$

$

$

$

$

(3734)

(954)

(482)

39

228

675

1126

1740

$

$

$

$

$

$

$

$

$

(3669)

(1349)

(677)

176

335

693

1347

906

1861

$

$

$

$

$

$

$

$

$

$

(3082)

(1447)

(923)

122

510

444

772

1245

1042

4555

$

$

$

$

$

$

$

$

$

(2610)

(1572)

(990)

323

748

727

1228

1226

4799

$

$

$

$

$

$

$

$

$

$

(2117)

(1301)

(961)

464

892

934

983

995

1162

4634

North Average

North Median

$

$

(151)

39

$

$

(42)

335

$

$

324

477

$

$

431

727

$

$

568

913

Municipality

Column1

2013 2014 2015 2016 2017

Barrie

Gravenhurst

Penetanguishene

Orangeville

Tay

Huntsville

Collingwood

Springwater

Tiny

Orillia

Bracebridge

Innisfil

$

$

$

$

$

$

$

$

$

(1538)

(1197)

(363)

(6)

(369)

434

817

1376

413

$

$

$

$

$

$

$

$

$

(1396)

(1134)

(202)

133

(146)

458

776

1555

378

$

$

$

$

$

$

$

$

$

(1492)

(1066)

(60)

206

(244)

498

1271

1680

412

$

$

$

$

$

$

$

$

$

(1329)

(829)

(198)

282

241

581

1357

1839

4983

$

$

$

$

$

$

$

$

$

$

$

$

(938)

(520)

(399)

(21)

379

425

448

649

656

1310

1666

4914

SimcoeMuskDuff Average

SimcoeMuskDuff Median Column1

$

$

(48)

(6)

$

$

47

133

$

$

134

206

$

$

770

282

$

$

714

437

Municipal Financial Indicators 71

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Owen Sound

North Perth

Stratford

St Thomas

Norfolk

Middlesex Centre

Guelph‐Eramosa

Meaford

Minto

Brant County

Erin

Mapleton

St Marys

Tillsonburg

Brockton

Grey Highlands

Puslinch

Saugeen Shores

Cambridge

Sarnia

Lambton Shores

London

Windsor

Guelph

Centre Wellington

Strathroy‐Caradoc

Ingersoll

North Middlesex

Kitchener

Wellesley

Chatham‐Kent

Woolwich

Brantford

Waterloo

North Dumfries

Wilmot

Wellington North

Haldimand

Kincardine

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(774)

(1171)

(1621)

814

(847)

(521)

(485)

(21)

275

358

707

152

(889)

294

510

247

(130)

43

764

915

912

1190

1051

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(700)

(1581)

653

(766)

(50)

(372)

196

(309)

79

383

(91)

10

401

395

360

717

94

(606)

334

618

405

580

28

242

802

854

241

915

1253

1010

1091

950

2280

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1099)

(856)

(1267)

434

(633)

(53)

(304)

113

(187)

174

384

247

60

320

448

358

722

213

(262)

508

653

572

571

248

431

383

872

861

440

1000

1238

1151

1111

1177

1461

2570

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1288)

(899)

(1002)

128

(132)

(408)

(205)

(95)

(11)

(373)

172

269

52

398

492

518

726

376

222

613

731

658

836

638

640

685

918

904

704

1169

1132

1259

1238

1249

1493

1513

2366

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1379)

(959)

(773)

(275)

(267)

(152)

(74)

73

98

142

146

178

183

230

277

384

528

590

650

652

655

670

715

719

817

832

856

887

888

890

948

1100

1132

1283

1291

1403

1589

1688

2578

Southwest Average

Southwest Median Column1

$

$

49

200 1

$

$

315

360 2

$

$

391

408 3

$

$

478

613 4

$

$

543

652 5

Municipal Financial Indicators 72

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Pelham

Port Colborne

St Catharines

Wainfleet

Welland

Hamilton

Fort Erie

Grimsby

Lincoln

Thorold

West Lincoln

Niagara‐on‐the‐Lake

$

$

$

$

$

$

$

$

$

$

(133)

178

319

28

315

530

1212

832

1224

1462

$

$

$

$

$

$

$

$

$

$

$

$

(432)

(498)

(35)

512

25

259

654

1314

1154

961

1104

1607

$

$

$

$

$

$

$

$

$

$

$

$

(531)

(343)

(87)

539

68

154

759

1276

1279

1052

1056

1421

$

$

$

$

$

$

$

$

$

$

$

$

(803)

(741)

(19)

424

220

263

829

1444

1313

1196

1068

1541

$

$

$

$

$

$

$

$

$

$

$

$

(1764)

(1404)

88

347

365

435

890

1174

1197

1213

1343

1456

NiagaraHamilton Average

NiagaraHamilton Median Column1

$

$

629

530

$

$

552

583

$

$

604

759

$

$

619

829

$

$

445

663

Municipality 2013 2014 2015 2016 2017

Region Waterloo

Region York

Region Niagara

Region Peel

District Muskoka

Region Durham

Region Halton

$

$

$

$

$

$

$

(744)

(1218)

(1)

(37)

(332)

1121

1444

$

$

$

$

$

$

$

(987)

(1362)

(65)

(69)

(204)

1203

1600

$

$

$

$

$

$

$

(1044)

(1215)

(155)

(101)

38

1327

1965

$

$

$

$

$

$

$

(1229)

(1209)

(223)

8

303

1579

2097

$

$

$

$

$

$

$

(1272)

(1052)

(180)

71

600

1799

2108

Average

Median

$

$

33

(37)

$

$

17

(69)

$

$

116

(101)

$

$

189

8

$

$

296

71

Simcoe County

Bruce County

Dufferin County

Wellington County

Grey County

Elgin County

$ 304

$

$

$

$

$

$

(133)

(161)

(1)

371

395

235

$

$

$

$

$

$

(137)

(90)

65

442

378

262

$

$

$

$

$

$

(67)

(58)

83

186

326

339

Average

Median

$

$

$

$

304

304

$

$

118

117

$

$

153

163

$

$

135

134

Municipal Financial Indicators 73

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend

Municipality 2013 2014 2015 2016 2017

Innisfil (026) (024) (023) (308) (315)

North Dumfries (159) (169) (171) (181)

Wilmot (144) (152) (152) (157) (177)

Kenora (075) (076) (184) (181) (176)

Pickering (121) (141) (140) (145) (166)

Wellesley (192) (161) (157) (152) (157)

Bracebridge (149) (162) (162) (169) (152)

Woolwich (146) (142) (154) (141) (151)

Wellington North (083) (103) (124) (137)

Vaughan (090) (099) (094) (086) (136)

Lincoln (149) (136) (151) (144) (135)

Grimsby (149) (142) (149) (132)

Markham (142) (135) (129) (116) (125)

Kincardine (108) (118) (108) (117)

Brock (073) (088) (099) (108) (116)

Halton Hills (083) (087) (080) (100) (115)

Richmond Hill (120) (114)

West Lincoln (185) (169) (146) (140) (112)

Oakville (137) (156) (110) (116) (112)

Whitby (118) (119) (117) (112) (098)

Mississauga (071) (056) (071) (066) (093)

Waterloo (087) (089) (088) (087) (092)

Thorold (063) (076) (082) (087) (091)

Niagara‐on‐the‐Lake (104) (109) (092) (097) (090)

Milton (094) (091) (099) (114) (085)

Clarington (089) (080) (077) (079) (085)

Burlington (083) (082) (084) (079) (080)

Centre Wellington (057) (057) (071) (079)

Puslinch (061) (070) (068) (076)

Newmarket (063) (063) (060) (068) (074)

Haldimand (053) (067) (074)

Ingersoll (004) (020) (035) (051) (071)

Brampton (122) (077) (080) (067) (068)

Springwater (050) (052) (054) (058) (065)

Strathroy‐Caradoc 012 (002) (021) (049) (062)

Fort Erie (039) (048) (053) (053) (059)

Municipal Financial Indicators 74

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Kitchener (052) (054) (060) (061) (058)

Tiny (057)

Elliot Lake (014) (022) (031) (045) (055)

Orillia (038) (035) (054) (055) (054)

Cambridge (062) (063) (063) (058) (053)

North Middlesex (028) (043) (050)

East Gwillimbury (031) (037) (040) (026) (049)

Brantford (047) (049)

Greater Sudbury (049) (039) (045) (050) (047)

Huntsville 001 (015) (024) (032) (045)

Sault Ste Marie (030) (030) (033) (031) (041)

Caledon (049) (033) (031) (038) (040)

Chatham‐Kent (011) (021) (032) (040)

Sarnia (011) (006) (014) (022) (039)

Espanola (036)

Parry Sound (045) (045) (041) (034)

Lambton Shores 052 031 012 (011) (034)

Saugeen Shores (022) (022) (021) (028) (033)

Wainfleet (035) (055) (057) (045) (031)

Peterborough (053) (050) (042) (036) (031)

London (014) (016) (023) (027) (030)

Grey Highlands (024) (035) (027) (031) (030)

Windsor (023) (027) (027) (030) (030)

Guelph (010) (016) (022) (025) (028)

Tay (028)

Welland (002) (002) (005) (015) (025)

Georgina (014) (018) (018) (021) (021)

Mapleton (060) (052) (021)

Collingwood 016 006 010 (010) (020)

Brockton (020)

Tillsonburg 002 (001) (005) (004) (019)

North Bay (002) (008) (005) (013) (019)

Hamilton (014) (012) (007) (011) (018)

Erin (010) (020) (020) (018)

Minto (016) (009) 001 (008)

St Catharines (017) 003 008 002 (007)

Municipal Financial Indicators 75

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

St Marys 003 (009) (010) (007)

Brant County 030 012 011 020 (006)

King 042 037 018 012 (006)

Cornwall (014) (007) (008) (001) (005)

Meaford 033 023 018 005 (004)

North Stormont (021) 010 013 009 (002)

Orangeville 024 013 004 011 001

Oshawa 042 035 026 015 002

Guelph‐Eramosa 007 007 025 009

Middlesex Centre 073 063 042 025 010

St Thomas (045) (035) (023) (006) 013

Norfolk 007 015

Whitchurch ‐ Stouffville 036 015 007 015 019

Penetanguishene 023

Belleville (018) (008) 013 019 026

Stratford 064 063 048 036 028

Thunder Bay 024 033 033 037 030

Timmins 021 029 038 038 036

Gravenhurst 109 099 085 061 038

Barrie 078 070 072 059 042

Kingston 039 048 046 045 047

Greenstone 096 090 073 059 048

North Perth 088 054 049 049

Brockville 058 058 052 052 055

Owen Sound 041 037 056 062 066

Prince Edward County 074 072 065 073 069

Toronto 056 065 068 070 076

Ottawa 056 062 066 071 084

Port Colborne 046 023 057 090

Quinte West 029 041 077 101 093

Bancroft 112

Pelham 015 047 057 074 163

Average (029) (031) (035) (040) (040)

Median (022) (022) (027) (032) (034)

Municipal Financial Indicators 76

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend (contrsquod)

Municipality

Region Halton

Region Durham

District Muskoka

Region Peel

Region Niagara

Region York

Region Waterloo

2013

(125)

(085)

017

004

000

102

062

2014

(137)

(088)

010

007

005

111

080

2015

(164)

(096)

(002)

010

012

093

083

2016

(167)

(106)

(015)

(001)

017

086

091

2017

(175)

(122)

(030)

(007)

014

075

097

Average

Median

(004)

004

(002)

007

(009)

010

(013)

(001)

(021)

(007)

Grey County

Elgin County

Wellington County

Dufferin County

Bruce County

Simcoe County

(027)

(051)

(028)

(032)

000

019

021

(051)

(031)

(036)

(009)

011

022

(043)

(039)

(038)

(010)

007

010

Average

Median

(027)

(027)

(012)

(014)

(016)

(020)

(019)

(024)

Municipal Financial Indicators 77

Municipal Study 2018

Total Asset Consumption Ratio

This indicator provides an estimate of the useful life left in the municipalityrsquos capital assets

Municipalities are facing significant infrastructure challenges Therefore it is important to keep informed of the age and condition of its capital assets to ensure they are making timely and appropriate investments This is calculated using Schedule 51 of the Financial Information Return

Formula

Total Accumulated Amortization

Total Gross Costs of Capital Assets

Interpretations

This ratio shows the value of the tangible capital assets that have been consumed This ratio seeks to highlight the aged condition of the assets and the potential asset replacement needs A higher ratio may

indicate significant replacement needs However if assets are renewed and replaced in accordance with an asset management plan a high ratio should not be a cause for concern The Ministry of Municipal Affairs and Housing considers a ratio of 25 or under to be relatively new 26‐50 to be moderately new 51‐75 to be moderately old and over 75 to be old

Summarymdash2017 Asset Consumption RatiomdashTotal Survey

0‐25

26‐50

51‐75

greater than 75

Total Asset Consumption Tax Asset Consumption

Municipal Financial Indicators 78

Municipal Study 2018

Total Asset Consumption Ratio Trend

Municipalities 2013 2014 2015 2016 2017

Vaughan 109 112 115 120 120

Markham 183 188 194 199 198

Mississauga 174 182 191 196 204

Grimsby 244 252 262 272 271

Penetanguishene 274

Whitchurch ‐ Stouffville 244 254 266 269 275

Milton 286 285 269 283 290

Ottawa 269 268 276 284 292

Barrie 246 261 270 281 294

Woolwich 256 265 275 290 298

Niagara‐on‐the‐Lake 268 273 280 291 302

Brampton 274 278 279 290 302

Lambton Shores 272 283 298 294 310

Kitchener 338 339 307 304 314

St Marys 289 300 314 317 319

Oakville 310 319 315 320 319

Georgina 254 271 286 303 319

Middlesex Centre 284 303 312 321 326

Tay 331

North Middlesex 304 322 337

Innisfil 293 298 296 334 339

North Perth 324 327 340

Springwater 295 310 324 338 352

Owen Sound 376 382 359 350 355

Burlington 326 335 341 349 358

London 339 346 353 359 362

North Stormont 326 325 335 351 369

Guelph‐Eramosa 338 344 361 376 371

King 447 422 394 393 377

Newmarket 357 362 375 373 377

East Gwillimbury 384 392 402 375 379

Hamilton 362 371 368 370 379

Port Colborne 354 373 384 393 380

Kingston 358 359 369 367 380

West Lincoln 360 369 376 370 380

Whitby 341 354 368 378 384

Municipal Financial Indicators 79

Municipal Study 2018

Total Asset Consumption Ratio (contrsquod)

Municipalities 2013 2014 2015 2016 2017

Ingersoll 362 362 369 371 386

Parry Sound 344 362 376 381 386

Brockville 370 382 395 397 388

Waterloo 351 359 369 381 389

Stratford 357 368 378 390 389

Orillia 357 367 382 383 390

Centre Wellington 390 372 376 387 391

Toronto 425 425 416 409 393

Espanola 377 393

Brant County 394 397 395 386 395

Collingwood 353 368 382 381 396

Thorold 367 365 373 392 397

Welland 346 359 375 385 397

Clarington 374 379 380 388 400

Wilmot 390 410 358 383 401

Cambridge 404 401 397 391 404

Oshawa 383 386 391 399 406

Peterborough 386 387 395 404 408

Norfolk 399 410

St Catharines 403 390 388 400 410

Belleville 407 417 426 420 411

Saugeen Shores 354 374 387 401 413

Sault Ste Marie 380 383 394 401 416

Fort Erie 366 383 394 406 419

Richmond Hill 390 415 422

Sarnia 376 392 407 419 423

Lincoln 431 401 413 416 428

Cornwall 452 454 420 423 428

Strathroy‐Caradoc 403 403 403 423 428

Windsor 389 392 410 423 430

Orangeville 397 388 402 427 437

Pelham 398 408 413 427 437

Tillsonburg 393 413 422 439 441

North Bay 413 413 415 428 445

Timmins 475 486 490 422 445

St Thomas 453 459 467 466 446

Municipal Financial Indicators 80

Municipal Study 2018

Total Asset Consumption Ratio (contrsquod)

Municipalities 2013 2014 2015 2016 2017

Prince Edward County 408 424 435 436 449

Guelph 409 421 435 440 450

Wainfleet 459 477 472 478 451

Halton Hills 430 434 424 436 453

Minto 441 447 447 457 463

Kenora 368 441 389 399 468

Erin 412 429 443 455 469

Haldimand 470 473 475

Bracebridge 436 451 452 466 477

Chatham‐Kent 439 450 460 474 479

Brantford 475 482

Brockton 483

Bancroft 490

Pickering 507 520 503 506 502

Greater Sudbury 491 493 486 497 503

Kincardine 426 439 445 446 505

Huntsville 412 440 468 484 507

Meaford 495 510 513 515 512

Caledon 526 558 549 532 512

Brock 445 465 482 498 516

Wellington North 495 510 526 534 542

Grey Highlands 482 505 515 533 547

Greenstone 490 503 526 541 551

Tiny 551

Thunder Bay 544 551 550 552 566

Gravenhurst 341 359 381 405 571

North Dumfries 197 220 338 348 621

Mapleton 619 628 646 639

Quinte West 658 667 662 668 654

Puslinch 632 642 651 657

Wellesley 621 646 671 692 716

Elliot Lake 784 788 787 793 796

Average 380 388 396 402 418

Median 376 383 387 393 405

Municipal Financial Indicators 81

Municipal Study 2018

Total Asset Consumption Ratio (contrsquod)

Municipalities

Region York

Region Halton

Region Peel

Region Durham

Region Waterloo

Region Niagara

District Muskoka

2013

320

257

251

316

413

424

413

2014

322

264

255

320

421

427

433

2015

291

258

260

330

415

432

440

2016

279

264

270

328

424

416

460

2017

266

271

282

336

347

425

478

Average

Median

342

320

349

322

347

330

349

328

344

336

Simcoe County

Wellington County

Dufferin County

Bruce County

Elgin County

Grey County

391

322

406

419

417

446

580

330

419

422

423

457

593

344

426

431

436

465

596

Average

Median

391

391

432

418

441

422

450

434

Municipal Financial Indicators 82

Municipal Study 2018

Tax Asset Consumption Ratio

Municipalities 2017

Vaughan 107

Markham 167

Mississauga 204

Grimsby 253

Barrie 281

Milton 290

Ottawa 300

Brampton 302

Whitchurch ‐ Stouffville 304

Woolwich 317

Oakville 319

North Perth 328

Kitchener 329

Penetanguishene 334

Innisfil 339

Niagara‐on‐the‐Lake 340

East Gwillimbury 341

St Marys 344

Collingwood 345

London 350

Burlington 358

Georgina 359

Owen Sound 367

Tay 368

Springwater 372

Orillia 374

Newmarket 377

North Middlesex 380

Port Colborne 382

Middlesex Centre 384

Whitby 384

Ingersoll 386

Stratford 386

Lambton Shores 392

Toronto 394

St Thomas 394

Municipalities 2017

Hamilton 399

Guelph‐Eramosa 399

Peterborough 400

Clarington 400

Kingston 405

Waterloo 406

Oshawa 406

North Stormont 412

Sault Ste Marie 414

Sarnia 417

Welland 418

Norfolk 419

Brant County 425

Espanola 426

Parry Sound 428

West Lincoln 429

Cambridge 433

Windsor 433

Wilmot 434

Pelham 437

Centre Wellington 440

Richmond Hill 440

St Catharines 443

King 443

Tillsonburg 444

Guelph 448

Wainfleet 451

Halton Hills 453

Thorold 457

Brockville 457

Belleville 457

Cornwall 462

Fort Erie 468

Bracebridge 477

Lincoln 479

Orangeville 482

Municipal Financial Indicators 83

Municipal Study 2018

Tax Asset Consumption Ratio

Municipalities 2017

North Bay

Chatham‐Kent

Saugeen Shores

Kenora

Meaford

Erin

Pickering

Prince Edward County

Huntsville

Caledon

Haldimand

Brock

Brockton

Kincardine

Brantford

Minto

Timmins

Grey Highlands

Greater Sudbury

Strathroy‐Caradoc

Tiny

Thunder Bay

Greenstone

Gravenhurst

Bancroft

North Dumfries

Wellington North

Puslinch

Mapleton

Quinte West

Wellesley

Elliot Lake

486

486

489

497

498

501

502

504

507

512

513

516

519

524

527

539

548

550

554

568

569

569

571

571

615

621

623

657

672

701

716

784

Average

Median

438

431

Municipalities 2017

Region Waterloo

Region Halton

Region York

Region Peel

Region Durham

Region Niagara

District Muskoka

298

301

334

358

380

387

520

Average

Median

368

358

Simcoe County

Wellington County

Dufferin County

Bruce County

Elgin County

Grey County

344

426

431

436

465

596

Average

Median

450

434

Municipal Financial Indicators 84

Municipal Study 2018

Reserves

Reserves are a critical component of a municipalityrsquos long‐term financing plan The purpose for maintaining reserves is to

Provide stability of tax rates in the face of variable and uncontrollable factors (consumption interest

rates unemployment rates changes in subsidies)

Provide financing for one‐time or short‐term requirements without permanently impacting the tax and

utility rates

Make provisions for replacementsacquisitions of assetsinfrastructure that are currently being

consumed and depreciated

Avoid spikes in funding requirements of the capital budget by reducing their reliance on long‐term debt borrowings

Provide a source of internal financing

Ensure adequate cash flows

Provide flexibility to manage debt levels and protect the municipalityrsquos financial position

Provide for future liabilities incurred in the current year but paid for in the future

Three financial indicators have been included for tax reserves In each case the water and wastewater reserves and reserve funds have been excluded as well as obligatory reserve funds

Reserve Financial Indicator One Tax Discretionary Reserves as a of Taxation

This provides the total tax discretionary reserves and reserve funds using Schedule 60 of the Financial Information Returns (columns 2 and 3) in relation to total taxation (Schedule 10 of the Financial Information Return)

Formula

Tax Discretionary Reserves

Taxation

Municipal Financial Indicators 85

Municipal Study 2018

Reserve Financial Indicator Two Tax Discretionary Reserves per Capita

This provides the total tax discretionary reserves in relation to the population

Formula

Tax Discretionary Reserves

Population

Reserve Financial Indicator Three Tax Discretionary Reserves as a of Own Source Revenues

This indicator shows the total value of funds held in reserves and reserve funds compared to a single yearrsquos own source revenue and is a strong indicator of financial stability This provides the total tax discretionary reserves and reserve funds using Schedule 60 of the Financial Information Returns (columns 2 and 3) in relation to own source revenues (Schedule 81 of the Financial Information Return less water and wastewater own source revenues which are on Schedule 12)

Formula

Tax Discretionary Reserves

Own Source Revenues

Interpretations

Reserves offer liquidity which enhances the municipalityrsquos flexibility in addressing operating

requirements and in permitting the municipality to temporarily fund capital projects internally allowing

it time to access debt markets and take advantage of favourable conditions The level of reserves required will vary for a number of reasons including

Services provided by the municipality

Age and condition of infrastructure inventory of fleet and vehicles supporting municipal operations

Level of expenditures

Internal debt and reserve policies

Targets ranges established on a reserve by reserve basis

Economic conditions and projections

Municipal Financial Indicators 86

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend

Municipality 2013 2014 2015 2016 2017

Orillia ‐21 ‐12 ‐5 ‐17 ‐33

Pelham 15 9 18 25 ‐7

Newmarket 32 15 ‐3 2 3

Brockville 12 14 13 15 17

St Thomas 27 20 18 25 21

Strathroy‐Caradoc 4 3 5 21 24

Tillsonburg 31 33 26 23 28

Markham 156 111 99 80 29

Ottawa 23 24 22 23 29

Barrie 31 30 31 31 30

Guelph 41 36 33 36 30

Sault Ste Marie 28 28 30 28 32

Prince Edward County 39 38 42 39 33

Brantford 42 36

Timmins 31 33 32 34 36

Greenstone 27 28 35 38 37

Belleville 23 24 28 33 38

Orangeville 20 20 25 33 38

Tiny 39

Quinte West 38 34 32 35 39

North Bay 29 29 29 38 42

Bancroft 42

Sarnia 25 26 27 32 43

Greater Sudbury 54 54 57 52 44

Wilmot 51 56 56 42 45

St Catharines 56 53 41 43 45

Kitchener 34 36 45 45 46

Huntsville 51 60 39 40 47

Toronto 53 48 45 45 47

Whitchurch ‐ Stouffville 89 88 87 67 49

Woolwich 57 47 46 53 49

Windsor 52 53 56 56 50

Niagara‐on‐the‐Lake 61 60 51 63 52

Waterloo 77 88 76 55 54

Stratford 50 49 52 53 55

Caledon 79 74 54 57 55

Municipal Financial Indicators 87

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Erin 48 49 57 56

Guelph‐Eramosa 44 48 51 56

Grey Highlands 63 48 52 58 57

Meaford 37 45 46 48 59

Hamilton 62 61 58 56 59

Thunder Bay 67 59 55 52 59

Oshawa 38 34 46 52 59

Espanola 60

Grimsby 91 82 65 61

Collingwood 65 59 59 53 61

Penetanguishene 62

Lincoln 101 78 75 70 62

Cornwall 64 66 66 62 63

Peterborough 65 63 61 64 63

Cambridge 54 56 64 64 63

Minto 58 60 57 68

North Stormont 57 50 48 64 70

Ingersoll 33 30 42 55 70

Innisfil 82 76 70 63 71

Georgina 54 60 62 65 71

Centre Wellington 94 92 114 71

Wainfleet 66 87 90 80 75

Fort Erie 56 61 69 73 77

St Marys 78 87 82 78

Bracebridge 77 74 52 59 80

Mississauga 79 79 80 85 81

Norfolk 86 81

Vaughan 85 79 70 102 83

Brampton 68 71 73 76 83

Burlington 79 78 80 84 84

Welland 81 76 70 80 84

Kincardine 137 112 93 85

Kingston 76 73 80 80 86

King 59 63 82 83 86

Gravenhurst 91 83 73 76 86

London 61 76 78 81 88

Municipal Financial Indicators 88

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Owen Sound

Tay

Brant County

Lambton Shores

Middlesex Centre

Port Colborne

Chatham‐Kent

North Perth

Parry Sound

Halton Hills

Brockton

Kenora

Wellington North

Wellesley

Springwater

Puslinch

Oakville

Elliot Lake

Pickering

Whitby

North Dumfries

Clarington

Milton

Saugeen Shores

Mapleton

North Middlesex

Brock

Richmond Hill

Thorold

West Lincoln

East Gwillimbury

102

30

32

79

62

110

115

154

104

65

53

112

0

139

119

159

118

182

155

69

103

100

45

76

41

86

138

64

111

137

100

156

82

132

71

80

109

54

138

112

144

55

127

193

157

74

98

94

64

83

89

98

90

123

71

117

132

101

104

94

113

70

75

110

50

129

160

132

94

125

135

207

133

72

91

92

77

93

94

94

91

111

87

106

103

105

101

93

112

100

74

111

63

120

171

129

141

150

189

192

124

156

90

90

92

93

93

94

95

95

95

96

96

98

98

101

101

102

104

105

110

111

111

119

124

126

131

154

155

173

196

204

208

Average

Median

65

61

68

61

70

69

74

65

73

68

Municipal Financial Indicators 89

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Region Waterloo

Region Niagara

District Muskoka

Region Peel

Region Durham

Region Halton

Region York

40

42

67

119

113

155

178

48

43

67

120

122

172

191

42

47

72

119

137

208

212

44

45

79

126

150

219

223

41

46

91

127

165

214

223

Average

Median

102

113

109

120

120

119

126

126

130

127

Elgin County

Bruce County

Dufferin County

Wellington County

Grey County

Simcoe County

80

21

55

50

83

90

63

32

57

59

75

87

69

48

58

66

79

85

87

Average

Median

80

80

60

59

63

64

71

73

Municipal Financial Indicators 90

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend

Municipality 2013 2014 2015 2016 2017

Orillia ‐17 ‐10 ‐4 ‐13 ‐27

Pelham 13 7 16 20 ‐6

Newmarket 23 11 ‐2 2 2

Brockville 10 11 11 11 13

St Thomas 21 16 15 20 17

Markham 90 65 59 49 18

Strathroy‐Caradoc 3 3 4 16 18

Kitchener 14 15 19 20 19

Tillsonburg 23 23 18 17 20

Ottawa 16 17 16 16 21

Guelph 31 27 25 28 23

Toronto 28 25 22 22 23

Barrie 25 24 25 25 24

Sault Ste Marie 20 21 22 21 24

Thunder Bay 27 24 22 23 24

Timmins 23 25 25 26 26

Brantford 30 26

Prince Edward County 31 30 34 31 27

Greenstone 19 21 27 29 28

Wilmot 31 36 37 28 28

Niagara‐on‐the‐Lake 38 37 32 38 29

Orangeville 16 16 20 28 30

Whitchurch ‐ Stouffville 61 56 59 47 31

Belleville 19 20 24 28 31

Woolwich 40 33 32 31 32

St Catharines 42 39 29 31 32

Huntsville 38 40 27 29 32

North Bay 22 22 23 30 33

Greater Sudbury 39 39 41 38 33

Tiny 33

Windsor 38 38 38 36 33

Sarnia 20 20 21 26 34

Quinte West 34 30 29 32 35

Waterloo 49 56 50 35 35

Bancroft 36

Stratford 35 34 36 37 37

Municipal Financial Indicators 91

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Caledon 54 53 39 40 40

Minto 36 39 37 43

Erin 36 32 45 43

Oshawa 29 26 33 37 43

Centre Wellington 53 56 60 44

Hamilton 46 46 44 42 44

Cornwall 44 46 47 44 44

Guelph‐Eramosa 33 38 40 45

Peterborough 43 44 43 45 45

Innisfil 55 53 51 41 46

Grey Highlands 45 37 42 46 47

Espanola 34 47

North Stormont 0 0 0 43 47

Cambridge 39 42 50 49 48

Meaford 31 38 38 40 48

Lincoln 74 58 60 55 48

Penetanguishene 49

Collingwood 52 45 46 43 50

Grimsby 0 74 65 51 50

Mississauga 48 50 51 52 50

St Marys 57 64 60 51

Wainfleet 52 69 73 67 53

Vaughan 59 57 50 70 55

Welland 51 53 48 57 56

Brant County 25 51 78 77 57

Kincardine 47 70 69 58

Kingston 52 49 55 56 58

Burlington 53 53 56 59 58

North Perth 58 58 56 58

Ingersoll 28 24 35 46 59

Georgina 44 45 48 52 59

Brampton 57 50 51 53 59

Bracebridge 61 58 40 45 61

Whitby 72 72 72 70 63

Fort Erie 47 51 59 62 65

Norfolk 70 66

Municipal Financial Indicators 92

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Brockton 66

King 34 36 50 59 66

London 46 57 59 60 67

Wellesley 82 66 65 68 68

Middlesex Centre 59 58 51 59 68

Milton 61 59 85 94 68

North Dumfries 34 33 39 69

Chatham‐Kent 66 76 73 69

Gravenhurst 73 65 58 62 69

Lambton Shores 24 31 39 54 70

Parry Sound 83 88 80 71

Oakville 71 91 80 79 72

Halton Hills 45 46 52 65 72

Puslinch 59 72 66 72

Owen Sound 77 83 78 73 72

Wellington North 104 103 78 74

Port Colborne 0 32 50 73 74

Kenora 81 82 87 79 76

Tay 77

Springwater 123 124 82 78 80

Saugeen Shores 98 92 87 84 83

Elliot Lake 43 53 49 79 86

Pickering 41 61 56 57 86

West Lincoln 113 120 95 94 90

Clarington 102 103 96 91 91

East Gwillimbury 46 51 51 63 101

Mapleton 44 73 106

Richmond Hill 122 112

North Middlesex 102 112 116

Brock 95 101 110 120 119

Haldimand 90 139 138

Thorold 149 160 163 158 160

Average 45 47 49 52 52

Median 43 45 48 49 48

Municipal Financial Indicators 93

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Region Niagara

Region Waterloo

District Muskoka

Region Peel

Region Durham

Region York

Region Halton

30

32

57

97

99

139

118

30

39

57

98

105

147

132

33

34

61

99

117

157

159

32

36

67

105

128

175

171

32

34

77

106

135

167

170

Average

Median

82

97

87

98

94

99

102

105

103

106

Elgin County

Bruce County

Dufferin County

Wellington County

Grey County

Simcoe County

65

15

42

38

67

65

50

25

45

45

61

66

55

37

46

49

64

65

67

Average

Median

65

65

46

46

49

50

55

57

Municipal Financial Indicators 94

Municipal Study 2018

2017 Total and Tax Reserve Per Capita

Total Tax Reserves Reserves

Municipality Per Capita Per Capita

Orillia (97) $ (538) $

Pelham 108$ (50) $

Newmarket 593$ 18 $

Markham 325$ 122 $

Wilmot 378$ 158 $

Strathroy‐Caradoc 924 $ 180 $

Woolwich 467$ 188 $

Kitchener 244 $ 222 $

Tillsonburg 237 $ 237 $

St Thomas 650$ 254 $

North Stormont 412$ 264 $

Brockville 490 $ 271 $

Whitchurch ‐ Stouffville 377 $ 280 $

Guelph‐Eramosa 485$ 284 $

Erin 493$ 302 $

Huntsville 305 $ 305 $

Niagara‐on‐the‐Lake 647 $ 318 $

Centre Wellington 893 $ 322 $

St Catharines 417$ 337 $

Grimsby 642$ 339 $

Waterloo 351$ 351 $

Lincoln 874$ 358 $

Minto 980$ 370 $

Cambridge 545$ 377 $

Wellesley 384 $ 384 $

Tiny 747$ 384 $

Orangeville 723 $ 421 $

Sarnia 623$ 427 $

Barrie 767$ 438 $

Prince Edward County 539 $ 454 $

Caledon 456$ 456 $

Oshawa 465$ 465 $

Vaughan 820 $ 478 $

Sault Ste Marie 481 $ 481 $

Quinte West 721$ 485 $

North Dumfries 490$ 490 $

Total Tax Reserves Reserves

Municipality Per Capita Per Capita

Guelph 1388 $ 490 $

Ottawa 560$ 495 $

Brantford 1002 $ 502 $

Puslinch 504 $ 504 $

Bancroft 506$ 506 $

Mississauga 510 $ 510 $

Grey Highlands 922$ 518 $

Timmins 564 $ 564 $

Milton 575 $ 575 $

Welland 602 $ 576 $

Wellington North 1308 $ 577 $

Brampton 579$ 579 $

Wainfleet 590$ 590 $

Georgina 784$ 612 $

Fort Erie 754$ 619 $

Belleville 1176 $ 641 $

Springwater 1061 $ 650 $

Penetanguishene 662 $

North Bay 883$ 663 $

Bracebridge 665$ 665 $

Whitby 672$ 672 $

Burlington 675 $ 675 $

Greater Sudbury 865 $ 676 $

Toronto 1010 $ 678 $

Halton Hills 695 $ 695 $

Ingersoll 712$ 712 $

Innisfil 715$ 715 $

Tay 1096 $ 715 $

Windsor 760$ 716 $

Clarington 726$ 726 $

Meaford 975$ 729 $

Pickering 756$ 756 $

Brockton 992 $ 795 $

Middlesex Centre 961$ 796 $

Collingwood 1842 $ 801 $

Mapleton 1014 $ 802 $

Municipal Financial Indicators 95

Municipal Study 2018

2017 Total and Tax Reserve Per Capita (contrsquod)

Municipality

Total Reserves Per Capita

Tax Reserves Per Capita

Port Colborne

Cornwall

North Perth

Hamilton

West Lincoln

Richmond Hill

Stratford

Peterborough

Thunder Bay

King

Oakville

Gravenhurst

Espanola

Lambton Shores

Norfolk

Brock

Elliot Lake

Kincardine

Greenstone

Saugeen Shores

Owen Sound

St Marys

Brant County

London

Chatham‐Kent

East Gwillimbury

Parry Sound

Kingston

Thorold

North Middlesex

Kenora

Haldimand

939 $

1042 $

1005 $

1312 $

1000 $

1126 $

940 $

1379 $

989 $

966 $

950 $

956 $

1316 $

1811 $

1330 $

1069 $

1418 $

2740 $

1125 $

1347 $

1312 $

1426 $

1535 $

1674 $

1429 $

1843 $

2577 $

2113 $

2056 $

1713 $

1929 $

3127 $

817 $

881 $

886 $

887 $

913 $

921 $

923 $

933 $

938 $

949 $

950 $

956 $

973 $

994 $

995 $

1069 $

1093 $

1100 $

1125 $

1138 $

1141 $

1151 $

1178 $

1262 $

1347 $

1482 $

1494 $

1522 $

1555 $

1569 $

1576 $

2613 $

Average Median

931 $ 820 $

684$ 645 $

Municipality

Total Reserves Per Capita

Tax Reserves Per Capita

Region Niagara

Region Waterloo

Region Peel

District Muskoka

Region Halton

Region Durham

Region York

604 $

525 $

1254 $

1823 $

1837 $

1934 $

2159 $

337 $

371 $

865 $

1351 $

1480 $

1528 $

1955 $

Average Median

1448 $ 1823 $

1127 $ 1351 $

Wellington County

Elgin County

Bruce County

Dufferin County

Simcoe County

Grey County

311 $

326 $

361 $

391 $

429 $

496 $

311 $

326 $

361 $

391 $

429 $

496 $

Average Median

386 $ 376 $

386 $ 376 $

Municipal Financial Indi‐ 96

Municipal Study 2018

Debt

The Ministry of Municipal Affairs and Housing regulates the level of debt that may be incurred by municipalities such that no more than 25 of the total Own Source Revenue can be used to service debt

and other long‐term obligations without receiving OMB approval In addition to confirming that the debt is within the legislated limits Government Finance Officersrsquo Association (GFOA) recommends the

following analysis be undertaken

Measures of the tax and revenue base such as

Projections of key relevant economic variables

Population trends

Utilization trends for services underlying revenues

Evaluation of trends relating to the governmentrsquos financial

performance such as

Revenues and expenditures

Net revenues available after meeting operating requirements

Reliability of revenues expected to pay debt service

Unreserved fund balance levels

Debt service obligations such as

Existing debt service requirements

Debt service as a percentage of expenditures or tax or system revenues

There are six financial debt indicators that have been included in the analysis to provide a clear understanding of the overall debt outstanding and the debt servicing costs

Financial Debt Indicator One Tax Debt Interest as of Own Source Revenues

This ratio indicates the extent to which the municipalityrsquos own source revenues are committed to debt interest charges This is calculated using Schedule 40 of the Financial Information Returns and the Own

Source Revenues in Schedule 81 less WaterWW revenues in Schedule 12

Formula

Tax Debt Interest

Own Source Revenues

Municipal Financial Indicators 97

Municipal Study 2018

Financial Debt Indicator Two Debt Charges as a of Own Source Revenues (Debt Service Ratio)

Debt Service is the amount of principal and interest that a municipality must pay each year to service the

debt (principal and interest expenses) As debt service increases it reduces expenditure flexibility This shows the of total debt expenditures including interest as a of own source revenue It is a measure of the municipalityrsquos ability to service its debt payments Schedule 74C has been used for the total debt charges (line 3099) and the tax debt charges (line 3012)

Formula

Debt Principal and Interest Payments

Own Source Revenue

Target

Credit rating agencies consider that principal and interest should be below 10 of Own Source Revenues

Interpretations

This indicator will trigger a warning if the increase in debt service consistently exceeds the increase in own source revenues

Financial Debt Indicator Three Debt Outstanding per Capita

This provides the debt outstanding as reflected on Schedule 74A divided by the population

Formula

Total Debt Outstanding

Population

Municipal Financial Indicators 98

Municipal Study 2018

Financial Debt Indicator Four Debt Outstanding Per Own Source Revenues

This provides the debt outstanding as reflected on Schedule 74A divided by the municipalityrsquos own source revenues as reflected in Schedule 81

Formula

Total Debt Outstanding

Own Source Revenue

Financial Debt Indicator Five Debt to Reserve Ratio

Formula

Debt Outstanding

Reserves and Reserve Funds (Excluding Obligatory Reserve

Funds)

Financial Debt Indicator Six Debt Outstanding as a of Unweighted Assessment

This provides the debt outstanding as reflected on Schedule 74A divided by the municipalityrsquos own source revenues as reflected in Municipalityrsquos Levy by‐laws

Formula

Total Debt Outstanding

Unweighted Assessment

Target

This indicator provides a measure for financial prudence by comparing total debt to the total reserve balances Generally the benchmark suggested by credit rating agencies for this ratio is 11 or in other words debt should not exceed total reserve and reserve fund balances A 11 ratio reflects that for every dollar of debt there is a dollar of reserves

Municipal Financial Indicators 99

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend

Municipality 2013 2014 2015 2016 2017

Brampton 00 00 00 00 00

East Gwillimbury 00 00 00 00 00

Erin 00 11 08 08 00

Espanola 03 00

Mapleton 00 00 00 00 00

Richmond Hill 00 00 00 00 00

Tiny 00

West Lincoln 00 00 00 00 00

Whitby 00 00 00 00 00

Wilmot 15 00 00 00 00

Kenora 07 07 00 00 00

North Middlesex 02 01 01

Wainfleet 03 03 03 02 01

Grimsby 00 02 01 00 01

Puslinch 00 05 04 03 02

Markham 02 02 02 02 02

Sarnia 07 06 05 02 02

Wellesley 06 04 03 01 02

Sault Ste Marie 05 04 03 03 02

Thorold 05 05 05 03 03

Saugeen Shores 05 05 04 04 03

Greater Sudbury 03 03 04 03 03

Cambridge 04 04 03 04 03

Niagara‐on‐the‐Lake 05 03 03 05 04

Penetanguishene 04

Grey Highlands 01 02 02 01 04

Mississauga 01 02 03 04 04

Georgina 00 00 00 03 04

Brock 07 06 06 05 04

Vaughan 13 12 12 10 04

Orillia 09 08 07 05 04

Fort Erie 07 07 06 06 05

Brantford 03 05

Kincardine 00 04 06 09 06

Strathroy‐Caradoc 07 07 06 07 07

Thunder Bay 09 08 08 07 07

Municipal Financial Indicators 100

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Timmins 11 10 09 08 08

Clarington 13 12 11 09 08

Tay 08

Barrie 08 08 07 08 08

Pickering 09 09 08 08 08

Hamilton 13 11 11 09 09

Cornwall 12 12 09 10 09

Windsor 11 11 09 09 09

Meaford 17 13 12 10 09

Lincoln 05 06 06 08 09

Springwater 09 10 12 11 09

Elliot Lake 11 03 06 10 09

North Dumfries 00 15 13 11 10

Chatham‐Kent 00 16 14 13 10

Caledon 19 19 14 12 10

Centre Wellington 00 15 14 10 10

London 13 13 12 11 10

St Thomas 12 13 11 10 10

North Bay 19 19 17 11 10

Brockton 10

Prince Edward County 17 15 13 10 11

Woolwich 15 14 13 10 11

Kitchener 15 14 14 00 11

Norfolk 10 11

Greenstone 27 26 24 20 11

Ingersoll 12 17 15 13 11

Orangeville 23 23 21 15 11

Halton Hills 13 15 15 13 12

Burlington 14 13 12 13 12

Owen Sound 16 17 15 15 12

Guelph 15 16 12 14 12

Brant County 13 08 19 17 13

Bracebridge 21 19 17 14 13

King 15 14 15 14 14

Brockville 22 20 16 14 14

Milton 15 13 15 15 15

Municipal Financial Indicators 101

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Oakville

Bancroft

Middlesex Centre

Haldimand

Guelph‐Eramosa

Newmarket

Parry Sound

Wellington North

Oshawa

Peterborough

Innisfil

Lambton Shores

Stratford

Huntsville

Tillsonburg

St Marys

Quinte West

Port Colborne

St Catharines

North Stormont

Collingwood

Belleville

Minto

North Perth

Welland

Whitchurch ‐ Stouffville

Kingston

Ottawa

Waterloo

Toronto

Pelham

Gravenhurst

10

25

00

26

00

00

22

19

33

25

24

34

39

00

10

00

22

00

33

08

00

47

22

43

23

30

42

41

10

76

09

23

24

24

19

31

23

19

30

21

23

28

29

31

12

19

21

00

28

14

14

37

40

28

32

39

42

11

69

16

16

15

20

22

20

25

21

18

28

20

23

26

26

27

13

12

24

00

29

14

13

29

32

39

27

31

39

39

14

60

17

15

17

17

19

20

20

19

19

21

20

22

25

24

25

19

15

24

21

26

21

20

29

30

38

29

31

36

39

19

54

15

16

16

16

16

17

17

18

18

18

19

19

19

20

20

21

21

22

23

23

23

24

25

25

27

29

29

30

33

38

46

47

Average

Median

13

10

14

12

13

12

12

10

12

10

Municipal Financial Indicators 102

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

District Muskoka

Region Durham

Region Halton

Region Peel

Region York

Region Waterloo

Region Niagara

06

09

07

14

17

18

16

05

10

06

14

19

23

16

05

09

08

12

18

23

17

05

08

08

11

20

21

27

04

06

07

09

19

24

26

Average

Median

12

14

13

14

13

12

14

11

14

09

Grey County

Elgin County

Simcoe County

Wellington County

Dufferin County

Bruce County

16

01

04

05

14

22

30

01

04

06

13

19

26

00

04

05

11

16

22

Average

Median

16

16

13

10

11

09

10

08

Municipal Financial Indicators 103

Municipal Study 2018

2017 Total and Tax Debt Charges as a of Own Source Revenues 2017 Total Debt Charges as a of Own Source

2017 Tax Debt Charges as a of Own Source

Municipality Revenues Revenues

Brampton 00 00

East Gwillimbury 00 00

Kenora 00 00

Kingston 65 00

Markham 03 00

North Perth 48 00

Richmond Hill 00 00

Timmins 36 00

Tiny 00 00

West Lincoln 00 00

Whitby 00 00

Wilmot 00 00

North Dumfries 33 01

Grimsby 02 02

Caledon 40 04

Clarington 48 04

Windsor 20 05

Thorold 06 08

Brock 10 10

Wainfleet 12 10

Georgina 33 11

Sault Ste Marie 15 12

Chatham‐Kent 54 14

Strathroy‐Caradoc 56 15

Tay 64 15

Innisfil 50 17

Wellesley 18 18

Whitchurch ‐ Stouffville 58 19

Centre Wellington 80 19

Brantford 33 23

Puslinch 23 23

Oakville 47 25

Woolwich 21 25

Halton Hills 74 25

St Thomas 30 26

Mississauga 26 26

2017 Total Debt Charges as a of Own Source

2017 Tax Debt Charges as a of Own Source

Municipality Revenues Revenues

Greater Sudbury 22 26

Penetanguishene 21 27

Elliot Lake 23 29

Thunder Bay 54 31

Vaughan 23 31

Brant County 44 31

Fort Erie 37 33

Kincardine 33 34

Niagara‐on‐the‐Lake 24 34

Orillia 29 35

Springwater 66 36

Bracebridge 36 36

Prince Edward County 71 36

Erin 32 37

Parry Sound 80 38

Espanola 30 38

North Middlesex 45 38

Cambridge 25 39

Middlesex Centre 88 39

Barrie 85 42

Kitchener 38 42

Meaford 57 43

Milton 86 43

Pickering 44 44

Grey Highlands 38 44

Lincoln 41 48

Waterloo 48 48

Newmarket 43 49

Sarnia 37 50

Hamilton 51 53

Owen Sound 89 55

Cornwall 47 55

Huntsville 55 55

Ingersoll 56 56

Peterborough 94 56

Belleville 71 56

Municipal Financial Indicators 104

Municipal Study 2018

2017 Total and Tax Debt Charges as a of Own Source Revenues (contrsquod)

Municipality

2017 Total Debt Charges as a of Own Source Revenues

2017 Tax Debt Charges as a of Own Source Revenues Municipality

2017 Total Debt Charges as a of Own Source Revenues

2017 Tax Debt Charges as a of Own Source Revenues

Oshawa 57 57 Region Peel 94 06

Norfolk 56 57 District Muskoka 61 08

Brockton 57 61 Region York 231 14

Haldimand 53 63 Region Durham 63 18

Stratford 91 64 Region Halton 55 19

Orangeville 56 64 Region Niagara 71 87

Ottawa 79 66 Region Waterloo 98 89

London 70 67 Average 96 34 North Bay 90 69 Median 71 18

Saugeen Shores 54 70

Burlington

St Marys

71

60

71

71

Grey County

Elgin County

00

04

00

04

Pelham 117 72 Wellington County 40 35

Brockville 61 73 Simcoe County 36 36

Tillsonburg 76 76 Dufferin County 60 60

Guelph 78 78 Bruce County 70 70

Quinte West 66 81 Average 35 34

North Stormont 78 84 Median 38 35

Toronto 78 87

Port Colborne 70 95

King 82 96

St Catharines 86 98

Guelph‐Eramosa 80 101

Gravenhurst 103 103

Greenstone 98 107

Collingwood 92 112

Lambton Shores 83 114

Bancroft 98 129

Wellington North 98 130

Welland 90 132

Minto 124 165

Average 51 44 Median 51 38

Municipal Financial Indicators 105

Municipal Study 2018

2017 Total Debt Outstanding Per Capita

Total Debt Tax Debt Outstanding Outstanding Per

Municipality Per Capita Capita

East Gwillimbury ‐$ ‐$

Espanola 1112 $ ‐$

Richmond Hill ‐$ ‐$

Whitby ‐$ ‐$

Wilmot ‐$ ‐$

Kenora ‐$ ‐$

Tiny 3$ 3$

Puslinch 15 $ 15 $

West Lincoln 17 $ 17 $

Wainfleet 27 $ 27 $

Markham 35 $ 35 $

Georgina 232$ 44 $

Thorold 59 $ 59 $

Wellesley 60 $ 60 $

Sault Ste Marie 171 $ 83 $

Niagara‐on‐the‐Lake 157 $ 87 $

Saugeen Shores 707$ 88 $

Brock 94 $ 94 $

Sarnia 167$ 98 $

Woolwich 135$ 124 $

Penetanguishene 128 $ 128 $

Grimsby 133$ 133 $

North Dumfries 139 $ 135 $

Brampton 137$ 137 $

Centre Wellington 807 $ 145 $

Fort Erie 261 $ 151 $

Vaughan 179 $ 158 $

Clarington 173$ 173 $

Caledon 175$ 175 $

North Middlesex 286$ 185 $

Strathroy‐Caradoc 344 $ 191 $

Greater Sudbury 460 $ 192 $

Wellington North 407 $ 192 $

Lincoln 195$ 195 $

Cambridge 292$ 198 $

Mississauga 202$ 202 $

Total Debt Tax Debt Outstanding Outstanding Per

Municipality Per Capita Capita

Springwater 240$ 240 $

Elliot Lake 244$ 244 $

Windsor 373$ 265 $

Newmarket 377$ 270 $

Tay 980$ 283 $

Meaford 572$ 288 $

Guelph‐Eramosa 559$ 293 $

Orillia 307 $ 307 $

Grey Highlands 445$ 312 $

Kincardine 312 $ 312 $

Kitchener 313 $ 313 $

Timmins 1234 $ 322 $

Pickering 325$ 325 $

Erin 348$ 348 $

Ingersoll 358$ 358 $

King 551$ 377 $

Owen Sound 961$ 380 $

Chatham‐Kent 847 $ 382 $

Huntsville 382 $ 382 $

North Stormont 382$ 382 $

Milton 412 $ 412 $

Halton Hills 433 $ 433 $

Burlington 459$ 459 $

Oshawa 472$ 472 $

Norfolk 895$ 475 $

Minto 992$ 489 $

Brockton 511$ 511 $

Prince Edward County 1600 $ 518 $

Hamilton 739 $ 523 $

Waterloo 572$ 527 $

Brantford 771$ 529 $

Barrie 2061 $ 531 $

Orangeville 1026 $ 533 $

Middlesex Centre 1178 $ 540 $

Oakville 579 $ 579 $

Innisfil 596$ 596 $

Municipal Financial Indicators 106

Municipal Study 2018

2017 Total Debt Outstanding Per Capita (contrsquod)

107Municipal Financial Indicators

Municipality

Total Debt Outstanding

Per Capita

Tax Debt Outstanding Per

Capita

Tillsonburg 601 $ 601 $

Whitchurch ‐ Stouffville 602 $ 602 $

London 778 $ 616 $

Bracebridge 641 $ 641 $

Haldimand 1000$ 657 $

Lambton Shores 1059 $ 672 $

Cornwall 910$ 684 $

St Thomas 824 $ 693 $

Bancroft 1568 $ 717 $

Welland 830$ 730$

St Catharines 783 $ 756 $

Mapleton 900$ 762 $

Guelph 788 $ 769 $

North Bay 1110$ 787 $

Collingwood 1176 $ 795 $

Brockville 1191 $ 818 $

Thunder Bay 1777 $ 868 $

Parry Sound 2076 $ 891 $

St Marys 1223 $ 1052 $

Brant County 1366 $ 1068 $

North Perth 1163 $ 1072 $

Port Colborne 1287 $ 1117 $

Quinte West 2233 $ 1136 $

Peterborough 1482 $ 1175 $

Stratford 2082 $ 1331 $

Belleville 1814 $ 1377 $

Gravenhurst 1489 $ 1489 $

Pelham 1772 $ 1707 $

Ottawa 2417 $ 1731 $

Kingston 2855 $ 1913 $

Toronto 2168 $ 2168 $

Greenstone 3335 $ 3335 $

Average 731 $ 507 $ Median 555 $ 379 $

Municipality

Total Debt Outstanding Per Capita

Tax Debt Outstanding Per

Capita

Region Durham 167 $ 132 $

District Muskoka 1063 $ 157 $

Region Peel 976$ 176 $

Region Halton 548$ 189 $

Region Niagara 733$ 589 $

Region York 2911 $ 763 $

Region Waterloo 1224 $ 854 $

Average 1089$ 408$ Median 976$ 189$

Grey County 17 $ 17 $

Simcoe County 58 $ 58 $

Elgin County 94 $ 94 $

Wellington County 114 $ 114 $

Dufferin County 280$ 280 $

Bruce County 301$ 301 $

Average 144$ 144$

Median 104$ 104$

Municipal Study 2018

2017 Debt Outstanding Per Own Source Revenues

Municipality

Debt Outstanding as a of Own Source Revenues

Cambridge 236

Municipality

Debt Outstanding as a of Own Source Revenues

Springwater 242

Strathroy‐Caradoc 258

Ingersoll 295

Newmarket 301

Guelph 306

Meaford 308

Hamilton 313

King 330

Brantford 335

Grey Highlands 346

London 350

Wellington North 351

Chatham‐Kent 358

Brockton 361

Pickering 370

Innisfil 382

Cornwall 389

Burlington 395

St Thomas 395

Saugeen Shores 399

Huntsville 402

Waterloo 411

Thunder Bay 412

Espanola 425

Erin 427

Oakville 436

Haldimand 438

Oshawa 439

Halton Hills 446

St Marys 454

North Bay 456

Owen Sound 458

Timmins 463

Milton 490

Brockville 491

Norfolk 493

East Gwillimbury 00

Kenora 00

Richmond Hill 00

Whitby 00

Wilmot 00

Tiny 02

West Lincoln 14

Puslinch 22

Wainfleet 24

Markham 34

Thorold 44

Sault Ste Marie 72

Penetanguishene 73

Niagara‐on‐the‐Lake 98

Sarnia 99

Brock 104

Wellesley 107

Orillia 127

Brampton 140

Kincardine 141

Vaughan 144

Grimsby 149

Elliot Lake 150

Caledon 152

Windsor 154

North Middlesex 163

Fort Erie 172

Woolwich 186

Greater Sudbury 187

North Dumfries 194

Mississauga 198

Georgina 205

Kitchener 206

Clarington 216

Lincoln 221

Municipal Financial Indicators 108

Municipal Study 2018

2017 Debt Outstanding Per Own Source Revenues (contrsquod)

Municipality

Debt Outstanding as a of Own Source Revenues

Tillsonburg 509

Collingwood 526

Whitchurch ‐ Stouffville 538

Lambton Shores 545

Welland 557

Orangeville 566

North Stormont 568

Brant County 587

Bracebridge 587

North Perth 596

Peterborough 605

St Catharines 652

Toronto 672

Guelph‐Eramosa 696

Parry Sound 710

Tay 716

Belleville 729

Stratford 747

Greenstone 752

Centre Wellington 784

Prince Edward County 804

Minto 808

Middlesex Centre 809

Port Colborne 827

Bancroft 858

Ottawa 888

Barrie 928

Kingston 932

Mapleton 1059

Gravenhurst 1082

Quinte West 1314

Pelham 1637

Average 409

Median 385

Municipality

Debt Outstanding as a of Own Source Revenues

Region Durham

Region Halton

District Muskoka

Region Niagara

Region Peel

Region Waterloo

Region York

114

456

530

576

911

935

2069

Average

Median

799

576

Grey County

Simcoe County

Elgin County

Wellington County

Dufferin County

Bruce County

22

90

107

235

354

388

Average

Median

199

171

Municipal Financial Indicators 109

Municipal Study 2018

Debt To Reserve RatiomdashTrend

This includes discretionary reserves and all outstanding debt as reflected on Schedules 60 and 74A of the 2017 FIRs Note Reserves excludes obligatory reserves

Municipality 2013 2014 2015 2016 2017

Orillia (33) 53 12 12 (31)

East Gwillimbury 00 00 00 ‐

Kenora 03 03 ‐

Richmond Hill ‐

Whitby 00 ‐

Wilmot 00 ‐

Tiny 00

West Lincoln 00 00 00 00 00

Thorold 01 01 01 00 00

Puslinch 02 01 01 00

Wainfleet 01 01 01 00 00

Brock 02 01 01 01 01

Markham 00 01 01 01 01

Kincardine 01 02 01 01

Wellesley 01 01 01 02 02

Penetanguishene 02

North Middlesex 04 03 02

Elliot Lake 01 01 03 02 02

Grimsby 00 02

Vaughan 03 03 03 02 02

Lincoln 02 01 01 03 02

Springwater 03 04 03 03 02

Brampton 00 04 03 03 02

Clarington 03 03 03 03 02

Niagara‐on‐the‐Lake 04 03 05 03 02

Sarnia 12 09 06 05 03

North Dumfries 10 09 06 03

Woolwich 05 05 04 03 03

Georgina 06 05 04 04 03

Wellington North 05 05 04 03

Haldimand 03 03 03

Fort Erie 08 05 04 04 03

Sault Ste Marie 04 03 03 03 04

Strathroy‐Caradoc 08 08 07 05 04

Caledon 05 05 05 05 04

Mississauga 02 02 03 03 04

Municipal Financial Indicators 110

Municipal Study 2018

Debt To Reserve RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Pickering 06 04 04 05 04

London 09 07 06 05 05

Grey Highlands 03 03 02 04 05

Windsor 06 06 05 05 05

Ingersoll 15 19 11 08 05

Brockton 05

Saugeen Shores 07 07 07 06 05

Greater Sudbury 02 02 05 05 05

Cambridge 03 03 03 04 05

Hamilton 06 06 06 07 06

Guelph 06 05 05 07 06

King 12 08 10 08 06

Lambton Shores 21 14 10 08 06

Meaford 16 13 11 08 06

Chatham‐Kent 10 08 07 06

Oakville 03 02 07 06 06

Halton Hills 12 15 11 08 06

Newmarket 10 10 10 08 06

Collingwood 11 12 09 09 06

Norfolk 05 07

Burlington 07 07 06 08 07

Erin 06 05 08 07

Milton 07 06 06 04 07

Owen Sound 08 06 06 08 07

Brantford 08

Parry Sound 08 08 08 08

Innisfil 09 08 08 11 08

Espanola 12 08

St Marys 11 08 08 09

Cornwall 05 05 05 08 09

Mapleton 05 06 09

Brant County 13 08 08 07 09

Tay 09

Centre Wellington 11 11 09 09

North Stormont 11 09

Bracebridge 07 06 08 06 10

Municipal Financial Indicators 111

Municipal Study 2018

Debt To Reserve RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Minto

Oshawa

Peterborough

Guelph‐Eramosa

North Perth

Middlesex Centre

Huntsville

North Bay

St Thomas

Kitchener

Kingston

Port Colborne

Welland

Orangeville

Belleville

Gravenhurst

Whitchurch ‐ Stouffville

Waterloo

Thunder Bay

St Catharines

Toronto

Timmins

Stratford

Brockville

Tillsonburg

Barrie

Greenstone

Prince Edward County

Bancroft

Quinte West

Ottawa

Pelham

20

08

26

19

28

08

25

13

20

36

20

24

16

13

15

13

19

09

33

22

30

42

58

31

17

58

13

08

22

09

24

14

23

08

20

13

10

20

21

15

24

13

12

17

13

20

07

30

23

25

40

50

29

20

49

17

09

15

10

10

20

20

20

23

06

18

13

07

20

14

19

24

13

13

18

21

22

16

31

21

30

32

35

22

26

52

18

13

13

10

14

14

15

17

16

06

16

12

07

16

10

18

20

14

17

20

18

21

23

27

26

31

30

32

21

32

50

37

10

10

11

12

12

12

13

13

13

13

14

14

14

14

15

16

16

16

18

19

21

22

22

24

25

27

30

30

31

31

43

164

Average

Median

11

08

11

08

10

08

10

07

10

06

Municipal Financial Indicators 112

Municipal Study 2018

Debt To Reserve RatiomdashTrend (contrsquod)

Municipality

Region Durham

Region Halton

District Muskoka

Region Peel

Region Niagara

Region York

Region Waterloo

2013

03

04

12

10

08

17

20

2014

03

04

11

10

10

17

23

2015

02

04

09

09

11

15

25

2016

01

03

07

09

12

14

24

2017

01

03

06

08

12

13

23

Average

Median

11

10

11

10

11

09

10

09

09

08

Grey County

Simcoe County

Elgin County

Wellington County

Dufferin County

Bruce County

05

01

03

08

04

13

12

00

02

05

05

09

10

00

01

03

04

07

08

Average

Median

05

05

07

06

05

05

04

03

Municipal Financial Indicators 113

Municipal Study 2018

Debt Outstanding per $100000 of Unweighted AssessmentmdashTrend

Municipality 2013 2014 2015 2016 2017

East Gwillimbury 1$ 1$ 0$ ‐$

Kenora 555$ 489 $ ‐$

Richmond Hill ‐$

Whitby ‐$

Wilmot 2$ ‐$

Tiny 1$

Puslinch 24 $ 18$ 12 $ 6$

West Lincoln 3$ 22 $ 17 $ 13 $

Markham 18 $ 22 $ 20$ 17 $ 14$

Wainfleet 42 $ 35 $ 26$ 17 $ 17 $

Wellesley 38 $ 27 $ 16$ 45 $ 36$

Thorold 108$ 98 $ 88$ 63 $ 54$

Niagara‐on‐the‐Lake 103 $ 80 $ 98$ 79 $ 60$

Brock 95 $ 86 $ 77 $ 68$ 60$

Vaughan 113$ 99 $ 75 $ 66$ 66$

North Dumfries 116 $ 102 $ 88$ 74$

Caledon 144$ 119 $ 98$ 95 $ 74$

Woolwich 125 $ 114 $ 104$ 92 $ 82 $

Grimsby 1$ 0$ 2$ 92 $

Brampton 119 $ 108 $ 97 $

Mississauga 42 $ 64 $ 84$ 95 $ 103 $

North Middlesex 207 $ 152 $ 109 $

Penetanguishene 118 $

Clarington 190$ 217 $ 181 $ 149 $ 130$

Springwater 207$ 242 $ 216 $ 188 $ 135 $

Lincoln 112$ 91 $ 99 $ 170$ 138 $

Georgina 238$ 208 $ 182 $ 182 $ 150$

Kincardine 170 $ 237 $ 201 $ 159 $

Sarnia 420$ 361 $ 283 $ 237 $ 172 $

Erin 121$ 100$ 196 $ 172 $

King 345$ 274 $ 296 $ 233 $ 178 $

Pickering 144$ 149 $ 123 $ 144$ 185 $

Sault Ste Marie 227 $ 175 $ 145 $ 122 $ 196 $

Newmarket 362$ 319 $ 281 $ 238 $ 198 $

Huntsville 312 $ 283 $ 256 $ 234$ 207 $

Grey Highlands 13$ 113 $ 93 $ 168 $ 212 $

Municipal Financial Indicators 114

Municipal Study 2018

Debt Outstanding per $100000 of Unweighted AssessmentmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Oakville 135 $ 108 $ 275 $ 238 $ 213 $

Burlington 219 $ 212 $ 210 $ 252 $ 221 $

Milton 212 $ 169 $ 234 $ 192 $ 225 $

Halton Hills 279 $ 370 $ 321 $ 279 $ 226 $

Fort Erie 347 $ 299 $ 257 $ 285 $ 233 $

Cambridge 111 $ 97 $ 143 $ 166 $ 240 $

North Stormont 259 $ 242 $

Orillia 533 $ 462 $ 395 $ 329 $ 259 $

Kitchener 481 $ 417 $ 360 $ 310 $ 270 $

Whitchurch ‐ Stouffville 427 $ 1125 $ 376 $ 321 $ 273 $

Wellington North 517 $ 468 $ 367 $ 277 $

Guelph‐Eramosa 221 $ 193 $ 324 $ 278 $

Strathroy‐Caradoc 475 $ 425 $ 367 $ 357 $ 286 $

Innisfil 577 $ 515 $ 471 $ 405 $ 333 $

Bracebridge 206 $ 188 $ 170 $ 156 $ 345 $

Waterloo 445 $ 461 $ 416 $ 373 $ 348 $

Meaford 598 $ 523 $ 455 $ 404 $ 355 $

Brockton 365 $

Ingersoll 547 $ 615 $ 536 $ 464 $ 385 $

Saugeen Shores 625 $ 550 $ 487 $ 448 $ 397 $

Oshawa 570 $ 563 $ 507 $ 485 $ 405 $

Mapleton 147$ 225 $ 421 $

Lambton Shores 740 $ 656 $ 586 $ 509 $ 431 $

Greater Sudbury 245 $ 201 $ 520 $ 491 $ 442 $

Elliot Lake 197 $ 164 $ 618 $ 556 $ 492 $

Windsor 735 $ 2773 $ 642 $ 584 $ 527 $

Centre Wellington 761 $ 688 $ 605 $ 531 $

Guelph 659 $ 554 $ 480 $ 738 $ 566 $

Gravenhurst 758 $ 707 $ 658 $ 618 $ 569 $

Middlesex Centre 921 $ 808 $ 712 $ 624 $ 573 $

Hamilton 677 $ 749 $ 637 $ 725 $ 598 $

Tillsonburg 819 $ 725 $ 649 $ 618 $ 610 $

North Perth 1078 $ 855 $ 727 $ 620 $

Norfolk 642 $

Collingwood 1077 $ 1045 $ 915 $ 818 $ 688 $

Chatham‐Kent ‐$ 1110 $ 977 $ 845 $ 710 $

Municipal Financial Indicators 115

Municipal Study 2018

Debt Outstanding per 100000 of Unweighted AssessmentmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

London

Brantford

Haldimand

St Catharines

Tay

Orangeville

Brant County

Minto

Prince Edward County

Toronto

Welland

St Thomas

North Bay

Owen Sound

St Marys

Cornwall

Brockville

Pelham

Port Colborne

Peterborough

Ottawa

Espanola

Timmins

Barrie

Bancroft

Stratford

Belleville

Thunder Bay

Parry Sound

Kingston

Quinte West

Greenstone

1052 $

595 $

625 $

782 $

1110 $

935 $

1287 $

727 $

1364 $

1100 $

802 $

978 $

234 $

1199 $

1528 $

555 $

1807 $

2300 $

1139 $

2109 $

1914 $

936 $

3515 $

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

973

573

636

865

686

1002

929

1217

659

1214

953

1426

706

1021

266

559

1185

1362

501

1744

2061

1028

1984

2078

1813

1054

3242

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

910

642

786

596

779

840

889

957

1150

576

1369

819

1288

729

875

364

766

1296

1311

1556

1027

1666

2255

1587

1941

1909

1989

1505

2979

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

799

676

771

511

700

1018

791

917

1092

586

1189

1214

1153

1176

1195

887

670

1428

1307

1648

1706

2019

2003

1979

2111

1791

2169

2913

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

740

755

759

759

789

806

846

851

966

974

1011

1036

1064

1066

1155

1181

1202

1246

1337

1414

1473

1490

1542

1589

1656

1774

1821

1926

1967

2226

2303

2555

Average

Median

616 $

507 $

$

$

608

462

$

$

590

461

$

$

602

404

$

$

579

351

Municipal Financial Indicators 116

Municipal Study 2018

Debt Outstanding per 100000 of Unweighted AssessmentmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Region Durham

Region Halton

District Muskoka

Region Peel

Region Niagara

Region Waterloo

Region York

291 $

319 $

377 $

782 $

488 $

698 $

1261 $

297 $

307 $

710 $

552 $

955 $

1339 $

249 $

315 $

315 $

642 $

623 $

926 $

1333 $

193 $

292 $

294 $

633 $

607 $

948 $

1261 $

119 $

245 $

266 $

556 $

619 $

918 $

1167 $

Average

Median

602 $

488 $

693 $

631 $

629 $

623 $

604 $

607 $

556 $

556 $

Elgin County

Dufferin County

Grey County

Simcoe County

Wellington County

Bruce County

242 $

79 $

227 $

20 $

48 $

208 $

204 $

86 $

201 $

13 $

39 $

190 $

190 $

‐$

‐$

10 $

32 $

158 $

161 $

Average

Median

242 $

242 $

131 $

141 $

120 $

138 $

60 $

21 $

Municipal Financial Indicators 117

Municipal Study 2018

Taxes Receivable as a of Taxes Levied

This ratio is a strong indicator of the strength of a local economy and the ability of residents to pay their annual taxes This is calculated using Schedule 72A of the Financial Information Returns

Formula

Taxes Receivable

Taxes Levied

Target

Credit Rating agencies consider over 8 a negative factor

Interpretations

If this percentage increases over time it may indicate a decline in the municipalityrsquos economic health

Taxes Receivable as a of Tax LeviedmdashBy Location

Taxes Receivables

SimcoeMuskDuff

North

Eastern

NiagaraHamilton

Southwest

GTA

Municipal Financial Indicators 118

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location

Municipality 2013 2014 2015 2016 2017

Mississauga

Newmarket

Burlington

Oshawa

Milton

Oakville

Markham

Halton Hills

Toronto

Clarington

Whitby

Brampton

Vaughan

Richmond Hill

Caledon

Brock

East Gwillimbury

Georgina

Pickering

Whitchurch ‐ Stouffville

King

26

40

31

26

37

38

54

60

41

54

48

60

75

00

79

123

91

76

84

74

143

27

34

33

18

45

35

49

52

43

48

45

62

51

68

106

75

79

73

75

151

27

32

28

22

32

38

46

46

40

46

44

51

53

53

87

67

65

76

84

151

23

27

28

18

34

37

42

41

42

43

39

45

47

51

55

74

58

62

75

82

118

21

23

26

28

35

36

38

40

40

45

46

50

50

54

55

67

68

70

77

80

119

GTA Average

GTA Median

60

57

58

51

55

46

49

44

51

46

Municipal Financial Indicators 119

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location (contrsquod)

Municipality 2013 2014 2015 2016 2017

Kingston 36 29 29 23 21

Peterborough 36 37 32 23 23

Belleville 27 35 26 28 28

Cornwall 40 34 36 36 42

Ottawa 35 43 47 50 52

Prince Edward County 117 109 98 105 86

Quinte West 76 79 57 65 90

North Stormont 00 00 00 119 99

Brockville 49 55 75 84 104

Bancroft 166

Eastern Average 46 47 44 59 71

Eastern Median 36 37 36 50 69

Municipality 2013 2014 2015 2016 2017

Niagara‐on‐the‐Lake

St Catharines

Lincoln

Pelham

Fort Erie

Grimsby

Welland

Port Colborne

Wainfleet

Hamilton

Thorold

West Lincoln

71

61

92

81

109

00

125

118

85

85

141

58

62

74

72

100

66

124

58

114

86

61

164

48

64

82

77

91

54

140

59

95

84

73

148

31

55

60

71

83

61

104

58

76

81

59

94

30

51

52

55

60

64

64

72

73

74

99

102

NiagaraHamilton Average

NiagaraHamilton Median

88

86

80

72

84

79

69

64

66

64

Municipal Financial Indicators 120

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location (contrsquod)

Municipality 2013 2014 2015 2016 2017

Kenora 19 23 15 13 10

Greater Sudbury 28 23 25 24 30

Parry Sound 68 67 46 34

North Bay 42 48 45 40 45

Thunder Bay 63 54 71 63 58

Espanola 52 73

Elliot Lake 34 38 42 42 79

Timmins 66 72 65 60 79

Greenstone 182 183 186 162 129

Sault Ste Marie 128 117 110 150 195

North Average 70 69 68 67 73

North Median 53 54 58 46 65

Municipality 2013 2014 2015 2016 2017

Orangeville

Barrie

Penetanguishene

Gravenhurst

Collingwood

Bracebridge

Tiny

Orillia

Innisfil

Springwater

Tay

Huntsville

52

60

137

79

130

109

90

125

141

30

63

115

85

122

114

95

117

154

19

59

88

72

103

100

102

102

157

20

50

67

61

79

81

91

90

129

11

50

59

65

73

76

83

84

85

86

92

125

SimcoeMuskDuff Average

SimcoeMuskDuff Median

103

109

99

114

89

100

74

79

74

79

Municipal Financial Indicators 121

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location (contrsquod)

Municipality 2013 2014 2015 2016 2017

Sarnia

North Perth

London

Guelph

Tillsonburg

Wilmot

Ingersoll

Stratford

Brantford

Wellesley

Woolwich

Brant County

Centre Wellington

St Marys

Puslinch

Kitchener

Brockton

Waterloo

Chatham‐Kent

North Middlesex

Kincardine

Middlesex Centre

Strathroy‐Caradoc

Saugeen Shores

Owen Sound

Cambridge

St Thomas

Lambton Shores

Meaford

Guelph‐Eramosa

North Dumfries

Wellington North

Windsor

Norfolk

Erin

Minto

Mapleton

Grey Highlands

50

25

16

16

39

41

60

51

39

54

70

57

67

53

83

48

47

90

27

85

62

98

142

23

21

19

44

47

51

48

38

42

52

55

48

52

62

48

68

67

54

81

47

40

91

21

80

79

72

60

87

97

131

104

69

146

19

26

19

22

39

33

49

44

31

46

45

48

49

46

52

49

48

69

54

59

57

45

26

74

34

82

81

66

63

75

86

108

98

63

159

15

27

26

25

30

28

45

41

37

26

48

44

45

45

23

55

39

47

60

63

61

60

44

50

73

67

79

71

67

65

78

84

83

86

83

161

16

18

20

22

26

26

35

36

37

37

38

38

40

40

43

43

44

47

48

49

50

51

53

54

55

58

60

61

61

63

63

79

83

85

86

87

101

158

Southwest Average

Southwest Median

57

53

62

54

58

49

58

50

53

49

Municipal Financial Indicators 122

Municipal Study 2018

Rates Coverage Ratio

The Rates Coverage Ratio provides a measure of the municipalityrsquos ability to cover its costs through its

own sources of revenue According to the Ministry of Municipal Affairs and Housing a basic target is 40‐60 an intermediate is 60‐90 and an advanced target is 90 or greater

OSR as a of Total

Municipality Expenditures

Cornwall 620

St Thomas 626

Parry Sound 631

Wellesley 654

Norfolk 659

Milton 677

Bancroft 692

Peterborough 712

Greater Sudbury 743

Windsor 743

Brantford 745

Elliot Lake 757

Gravenhurst 757

North Stormont 776

Wilmot 777

Chatham‐Kent 781

Hamilton 791

Stratford 805

Tiny 808

Ottawa 808

Erin 814

Timmins 816

Toronto 825

London 834

Huntsville 836

Grey Highlands 841

North Dumfries 842

Prince Edward County 844

Tay 847

Brockton 854

Greenstone 854

Minto 855

Espanola 857

Puslinch 866

Kingston 874

Port Colborne 878

OSR as a of Total

Municipality Expenditures

Brampton 882

Guelph‐Eramosa 883

Halton Hills 890

Woolwich 897

Guelph 898

Bracebridge 899

Springwater 907

Clarington 909

Saugeen Shores 909

Lambton Shores 911

Kenora 912

Thunder Bay 912

Lincoln 913

Haldimand 916

Brock 919

Centre Wellington 923

Owen Sound 924

Markham 924

Vaughan 925

Barrie 927

Sault Ste Marie 929

North Bay 932

Grimsby 936

Pelham 938

Oakville 942

Mississauga 944

North Middlesex 950

Quinte West 956

Wellington North 958

Georgina 962

Waterloo 963

St Catharines 967

Newmarket 969

Whitchurch ‐ Stouffville 973

Brockville 973

Burlington 986

Municipal Financial Indicators 123

Municipal Study 2018

Rates Coverage Ratio Contrsquod

Municipality

OSR as a of Total

Expenditures

Pickering 987

Richmond Hill 990

Welland 998

Tillsonburg 1005

Thorold 1017

Cambridge 1022

Mapleton 1022

St Marys 1023

Belleville 1024

Penetanguishene 1024

Middlesex Centre 1028

Kincardine 1032

Sarnia 1036

Ingersoll 1038

Collingwood 1044

Oshawa 1045

Niagara‐on‐the‐Lake 1047

Kitchener 1047

King 1055

Caledon 1059

Fort Erie 1062

Orillia 1071

Wainfleet 1072

Brant County 1080

Innisfil 1092

East Gwillimbury 1093

Orangeville 1096

Meaford 1140

Strathroy‐Caradoc 1146

North Perth 1172

Whitby 1181

West Lincoln 1497

Average 921

Median 923

Municipality

OSR as a of Total

Expenditures

Region Niagara

Region Peel

Region Waterloo

District Muskoka

Region York

Region Durham

Region Halton

678

699

744

811

827

844

877

Average

Median

Simcoe County

Grey County

Wellington County

Dufferin County

Bruce County

Elgin County

783

811 3

509

580

581

647

652

654

Average

Median

604

614

Municipal Financial Indicators 124

Page 6: 2018 Final Report v8 - Stratford

400

Municipal Study 2018

Comparison of Tax Ratios

Tax ratios reflect how a property class tax rate compares to the residential rate Changes in tax ratios affect

the relative tax burden between classes of properties Tax ratios can be used to prevent large shifts of the tax burden caused by relative changes in assessment among property classes as well as to lower the tax

rates on a particular class or classes

2018 Tax Ratios Stratford Total Survey Average

Multi‐Residential 20000 17902

Commercial (Residual) 19759 16871

Industrial (Residual) 27584 21826

Taxes and Comparison of Relative Taxes

The purpose of this section of the report is to undertake ldquolikerdquo property comparisons across each municipality and across various property types In total there are 12 property types in the residential multi ‐residential commercial and industrial classes There are many reasons for differences in relative tax

burdens across municipalities and across property classes including but not limited to

Differences in values of like properties

Differences in the tax ratios and the use of optional classes

Non‐uniform education tax rates in the non‐residential classes

Level of service provided and the associated costs

Extent to which a municipality employs user fees

Access to other sources of revenues such as dividends from hydro utilities and casino revenues

2018 Property Taxes Stratford Total Survey Average Southwest

Detached Bungalow

2 Storey Home

Senior Executive Home

Walk Up Apartment (per Unit)

MidHigh Rise (per Unit)

Neigh Shopping (per sq ft)

Office Building (per sq ft)

Hotels (per Suite)

Motels (per Suite)

Industrial Standard (per sq ft)

Industrial Large (per sq ft)

Industrial Vacant Land (per Acre)

$

$

$

$

$

$

$

$

$

$

$

$

3526

5558

6425

1856

2177

198

319

2322

1266

137

056

1321

3397 $

4524 $

6286 $

1382 $

1715 $

363 $

304 $

1602 $

1240 $

167 $

111 $

3673 $

3093 $

4322 $

6004 $

1377 $

1771 $

333 $

297 $

1521 $

1296 $

142 $

086 $

2007 $

Executive Summary

401

Municipal Study 2018

Comparison of Water and Sewer User Costs

A comparison was made of watersewer costs in each municipality The following table summarizes the costs in the municipality for water and sewer on typical annual consumption against the overall survey average

2018 WaterSewer Cost of Service Stratford

Total Survey Average Southwest

Residential ‐ 200 m3

Commercial ‐ 10000 m3

Industrial ‐ 30000 m3

Industrial ‐ 100000 m3

Industrial ‐ 500000 m3

$

$

$

$

$

772

27162

80845

268568

1341044

1074 $

36054 $

102824 $

334031 $

1647471 $

1135 $

36709 $

104178 $

331985 $

1676956 $

2018 Property Taxes and WaterWastewater Costs as a of Income

This section of the report provides a comparison of the availability of gross household income to fund municipal services on a typical household This provides a measure of affordability within each community

2018 Affordability Indicators Stratford Total Survey Average Southwest

Property Taxes as a of Household Income

WaterSewer + Taxes as a of Household Income

45 38

54 49

36

48

Economic Development Programs

A summary was completed of programs that municipalities have implemented to promote economic

development in the areas of retention and expansion downtown development and brownfield

redevelopment

Executive Summary

1

Municipal Study 2018

Executive Summary

Municipal Study 2018

SECTION 1 Introduction

Since 2000 BMA Management Consulting Inc has annually completed a municipal comparative study on behalf of participating Ontario municipalities The Executive Summary provides an overview of the analysis

contained in the comprehensive report

The study identifies both key quantifiable indicators and selective environmental factors that should be considered as part of a comprehensive evaluation of a local municipalityrsquos financial condition Use of the study over a number of years provides trends to allow decision makers to monitor selected indicators over

time Trend analysis helps to provide interpretative context In addition context can be provided by

comparing a municipalityrsquos own experience with the experience of other municipalities

108 Ontario municipalities representing in excess of 85 of the population

Number of Populations Municipalities 100000 or greater 26

30000 ‐ 99999 27

15000 ‐ 29999 24

0 ‐ 14999 31

Total 108

The analysis was completed using the most recent information available as provided by the participating municipalities including

2018 Current Value Assessment

2018 Tax Policies

2018 Levy By‐laws

2018 Development Charges

2018 WaterSewer Rates

2017 FIRs

2018 User Fees

Economic Development Programs

Executive Summary 2

Municipal Study 2018

2018 Municipalities Included in the Study

The following provides a summary of the municipalities participating by population range

Populations 15000 or less

Populations 15000 ndash 29999

Populations 30000 ndash 99999

Populations gt100000

Bancroft

Brock

Brockton

Central Elgin

Elliot Lake

Erin

Espanola

Gravenhurst

Greenstone

Grey Highlands

Guelph‐Eramosa

Ingersoll

Kincardine

Lambton Shores

Mapleton

Meaford

Minto

North Dumfries

North Middlesex

North Perth

North Stormont

Parry Sound

Penetanguishene

Puslinch

Saugeen Shores

St Marys

Tay

Tiny

Wainfleet

Wellesley

Wellington North

Bracebridge

Brockville

Centre Wellington

Collingwood

East Gwillimbury

Grimsby

Huntsville

Kenora

King

Lincoln

Middlesex Centre

Midland

Niagara‐on‐the‐Lake

Owen Sound

Pelham

Port Colborne

Prince Edward County

Springwater

Strathroy‐Caradoc

Thorold

Tillsonburg

West Lincoln

Wilmot

Woolwich

Barrie

Brampton

Brantford

Burlington

Cambridge

Chatham‐Kent

Durham Region

Greater Sudbury

Guelph

Halton Region

Hamilton

Kingston

Kitchener

London

Markham

Milton

Mississauga

Niagara Region

Oakville

Oshawa

Ottawa

Peel Region

Richmond Hill

Simcoe County

St Catharines

Thunder Bay

Toronto

Vaughan

Waterloo Region

Waterloo

Whitby

Windsor

York Region

Aurora

Belleville

Brant

Bruce County

Caledon

Clarington

Cornwall

Fort Erie

Georgina

Grey County

Haldimand

Halton Hills

Innisfil

Muskoka District

Newmarket

Niagara Falls

Norfolk

North Bay

Orangeville

Orillia

Peterborough

Pickering

Quinte West

Sarnia

Sault Ste Marie

St Thomas

Stratford

Timmins

Welland

Wellington County

Whitchurch‐Stouffville

Executive Summary 3

Municipal Study 2018

SECTION 2 Socio‐Economic Indicators

A complete assessment of a municipalityrsquos financial condition should include consideration of socio‐economic factors Socio‐economic indicators describe and quantify a municipalityrsquos wealth and economic conditions and provide insight into a municipalityrsquos ability to generate revenue relative to the municipalitys demand for public services An evaluation of socio‐economic indicators contributes to the development of sound financial policies

Land Density

Population density indicates the number of residents living in an area (usually measured by square

kilometre) Analysis of density can provide insight into the age of a city growth patterns zoning practices and new development opportunities High population density can indicate whether a municipality may be reaching build‐out as well as service and infrastructure needs such as additional public transit or street

routes The following graph provides a summary of average population density per square kilometre by geographic location

GTA

SimcoeMuskDuff

Southwest

Eastern

NiagaraHamilton

North

Population Density per Sq Km

‐ 200 400 600 800 1000 1200

Executive Summary 4

Municipal Study 2018

Population Growth

The following graph shows the change in population from 2006‐2011 and from 2011‐2016 As shown in the graph the GTA municipalities experienced the largest population percentage growth in both periods

Northern municipalities experienced the lowest percentage of population growth

‐20

00

20

40

60

80

100

2006‐2011 2011‐2016

Household Income

Household income is one measure of a communityrsquos ability to pay While a higher relative household income is a positive indicator of the overall local economy it may lead to a greater expectation for quality programs and additional challenges in balancing desired levels of service with a willingness to pay for programs and services The average household income varies by geographic location The average household income in Northern municipalities was $84288 compared with $115474 in the GTA

Eastern

North

SimcoeMuskDuff

NiagaraHamilton

Southwest

GTA

2018 Household Income

$‐ $20000 $40000 $60000 $80000 $100000 $120000 $140000

Executive Summary 5

Municipal Study 2018

Assessment Per Capita

Property assessment is the basis upon which municipalities raise taxes A strong assessment base is critical to a municipalityrsquos ability to generate revenues Assessment per capita statistics have been compared to provide an indication of the ldquorichnessrdquo of the assessment base in each municipality Unweighted assessment provides the actual current value assessment of the properties Weighted assessment reflects the basis upon

which property taxes are levied after applying the tax ratios to the various property classes to the unweighted assessment The average assessment per capita is highest in the GTA and lowest in Northern

municipalities

GTA

SimcoeMuskDuff

Southwest

NiagaraHamilton

Eastern

North

Weighted Assessment per Capita

Unweighted Assessment per Capita

$‐ $50000 $100000 $150000 $200000 $250000

Assessment Change

Assessment growth provides an indication of how the base upon which

taxes are levied is changing over time From 2017mdash2018 the assessment increased by 62 on average across the 108 Ontario municipalities The GTA geographic area experienced the largest

increase at 98

Municipalities Grouped by Location 2014‐2015 2015‐2016 2016‐2017 2017‐2018

Eastern 41 48 24 39

North 56 50 07 41

Southwest 48 45 51 60

SimcoeMuskDuff 35 35 42 65

NiagaraHamilton 42 37 44 70

GTA 64 60 87 98

Executive Summary 6

Municipal Study 2018

Residential Properties

Residential properties were broken down by property type to provide an indication of the housing mix in each municipality The following graph reflects the average assessed values for residential properties by geographic location

Average House Value (000s)

GTA

SimcoeMuskDuff

Southwest

NiagaraHamilton

Eastern

North

$‐ $100 $200 $300 $400 $500 $600

Construction Activity

The three year average of building permits per capita were analyzed to provide a measure of relative building activity in each municipality and across the geographic locations The following reflects the results from 2015‐2017

$‐ $1000 $2000 $3000 $4000

North

Eastern

Southwest

NiagaraHamilton

SimcoeMuskDuff

GTA

Construction per Capita (3 yr avg)

Executive Summary 7

0‐25 20

Municipal Study 2018

SECTION 3 Municipal Financial Sustainability Indicators

The Financial Indicators section of the report includes a number of indicators to assist municipalities in evaluating financial condition A municipalityrsquos financial position is defined as the total fund balances including equity in business government enterprises less the amount to be recovered in future years associated with long‐term liabilities A comparison was made of each municipalityrsquos overall financial position (assets less liabilities) There is a significant range in municipal financial position per capita across

Ontario from a low of negative ($2460) to a high of $4914 per capita The following graph provides the percentage of municipalities that fall within each range

Financial Position Per Capita

less than ‐$1000 12

‐$1000‐$0 13

greater than $1000 25

$0‐$1000 50

Asset Consumption Ratio

The asset consumption ratio reflects the written down value of the tangible capital assets in relation to the

historical costs of the assets This ratio seeks to highlight the aged condition of the assets and the potential asset replacement needs A higher ratio may indicate significant replacement needs However if assets are renewed and replaced in accordance with an asset management plan a high ratio should not be a cause

for concern The following graphs reflect the ratio ranges across the survey for tax water and wastewater assets

Tax Water Wastewater

26‐50 73

51‐75 22

greater than 75 greater than 75 greater than 75 1 11 51‐75 9 0‐25 4

26‐50 70

0‐25 17 51‐75 7

26‐50 75

Executive Summary 8

0‐30 23 40

2‐3 13

Municipal Study 2018

Reserves

Reserves are a critical component of a municipalityrsquos long‐term financing plan The following graphs provide the range of reserves as a percentage of own source revenues for tax supported services water and wastewater The level of reserves required will vary for a number of reasons including

Services provided by the municipality

Age and condition of infrastructure inventory of fleet and vehicles supporting municipal operations

Level of expenditures

Internal debt and reserve policies

Targets ranges established on a reserve by reserve basis

Economic conditions and projections

Tax of OSR Water of OSR WW of OSR

greater than 90 greater than 90

8 0‐30 20 0‐30 27

greater than 90 60‐90 27 43

30‐60 11

30‐60 29

60‐90 8 30‐60 45 60‐90 19

Debt Indicators

Debt indicators can reveal increasing reliance on debt decreasing flexibility sudden large increases or decreases in future debt service and the amount of debt that a community can absorb The following graphs

summarize the debt interest ratio for tax water and wastewater to provide an understanding of the percentage of municipalities within various ranges of the debt interest ratio This ratio indicates the extent

to which a municipalityrsquos operating revenues are committed to interest expenses

Tax Water WW

greater than 3 5

0‐2 9

2‐10 8

0‐2 14

greater than

2‐10 4

0‐1 51

1‐2 31

greater than 10 82 10 83

Executive Summary 9

Municipal Study 2018

Taxes Receivable as a of Taxes Levied

Every year a percentage of property owners is unable to pay property taxes If this percentage increases over time it may indicate an overall decline in the municipalityrsquos economic health Additionally as uncollected property taxes rise liquidity decreases If the percentage of uncollected property taxes increases over time it may indicate an overall decline in the municipalityrsquos economic health The following graph provides a summary of the 2017 taxes receivable as a percentage of taxes levied in each of the geographic areas

Taxes Receivables as Taxes Levied

SimcoeMuskDuff

North

Eastern

NiagaraHamilton

Southwest

GTA

00 20 40 60 80

SECTION 4 Revenue amp Expenditure Analysis

Net Municipal Levy per Capita and per $100000 of assessment

Different service levels

Variations in the types of services

Different methods of providing services

User fee policies

Different assessment composition

Varying demand for services

Locational factors

Demographic differences

Socio‐economic differences

Urbanrural composition differences

Levy per Capita Levy per $100000 of Assesment

Eastern

Southwest

GTA

NiagaraHamilton

SimcoeMuskDuff

North

$‐ $200 $400 $600 $800 $1000 $1200 $1400 $1600 $1800 $2000

An analysis of levy per capita and per $100000 of assessment does not indicate value for money or the effectiveness in meeting

community objectives Municipal levies may vary as a result of

Net municipal levy per capita was calculated using Manifold Data Mining 2018 estimated population and the

2018 municipal levies The net levy on a per capita basis ranged from $1006 to $3038 (with an average of $1527 per capita) Net levy per $100000 of assessment is also provided The net levy on a per $100000 of unweighted assessment basis ranged across the municipalities from $538 to $2328 (with an average of $1111 per $100000 of assessment)

Executive Summary 10

Municipal Study 2018

SECTION 5 Select User Fee and Revenue Information

The Select User Fee and Revenue Information section of the report includes development charges building

permit fees tipping fees and transit fares

Development Charges

The recovery of costs by Ontario municipalities for capital infrastructure required to support new growth is governed by the Development Charges Act (1997) and supporting regulations The following table

summarizes the 2018 development charges Note some municipalities do not charge development charges

Non‐

Apartment Apartment Non‐Residential Residential 2018 Development Multiples units gt=2 units lt 2 (per Commercial (per Industrial

Charges Residential Dwelling 3+ (per unit) unit) sqft) (per sqft)

North $ 13789 7645 $ 6624 $ 6624 $ 761 $ 463 $

Eastern $ 15360 11682 $ 9562 $ 7374 $ 917 $ 543 $

Southwest $ 20235 15639 $ 12058 $ 10239 $ 795 $ 627 $

SimcoeMuskDuff $ 25843 21705 $ 16842 $ 13480 $ 920 $ 731 $

NiagaraHamilton $ 27231 19513 $ 18055 $ 11481 $ 1640 $ 854 $

GTA $ 72422 59269 $ 43903 $ 32204 $ 4265 $ 2132 $

SECTION 6 Tax Policies

The relative tax burden in each class of property will be impacted by the type of tax policies implemented in each municipality As such an analysis of the 2018 tax policies that impact the relative tax position was completed The following table summarizes the range of 2018 tax ratios across the survey

2018 Tax Ratios Average Median Min Max

Multi‐Residential 17902 18831 10000 26342

Commercial 16871 16929 11000 28476

Industrial 21826 22150 11000 47186

Executive Summary 11

Municipal Study 2018

SECTION 7 Comparison of Relative Taxes

Like property comparisons were undertaken on 12 property types that were of most interest to the participating municipalities In order to calculate the relative tax burden of ldquolikerdquo properties every effort was

made to hold constant those factors deemed to be most critical in determining a propertyrsquos assessed value There are many reasons for differences in relative tax burdens across municipalities and across property

classes These include but are not limited to the following

The values of like properties vary significantly across municipalities

The tax ratios in each class and the use of optional classes

Non‐uniform education tax rates in the non‐residential classes

Tax burdens across municipalities also vary based on the level of service provided and the associated costs

of providing these services

Extent to which a municipality employs user fees or has access to other sources of revenues such as dividends from hydro utilities gaming amp casino revenues

Residential Detached Senior Industrial Standard per Vacant Land Properties Bungalow 2 Storey Executive Properties sqft Large per sqft per acre

North $ 3153 $ 4817 6570 $ North 190 $ 100 $ 2609 $

Eastern $ 3185 $ 4401 6273 $ Eastern 148 $ 119 $ 2579 $

Southwest $ 3093 $ 4322 6004 $ Southwest 142 $ 086 $ 2007 $

SimcoeMuskDuff $ 3014 $ 4037 5703 $ SimcoeMuskDuff 131 $ 103 $ 1949 $

NiagaraHamilton $ 3518 $ 4693 6328 $ NiagaraHamilton 188 $ 090 $ 3669 $

GTA $ 4188 $ 4955 6859 $ GTA 219 $ 158 $ 8602 $

Survey Average $ 3397 $ 4524 6286 $ Survey Average 167 $ 111 $ 3673 $

Survey Median $ 3345 $ 4636 6223 $ Survey Median 169 $ 108 $ 2106 $

Neigh Multi‐Residential High Rise per Commercial Shopping per Hotel per Motel per Properties Walk Up per Unit Unit Properties Office per sqft sqft suite suite

North 1329 $ 1636 $ North 301 $ 335 $ 1417 $ 1270 $

Eastern 1561 $ 2091 $ Eastern 318 $ 399 $ 1902 $ 1420 $

Southwest 1377 $ 1771 $ Southwest 297 $ 333 $ 1521 $ 1296 $

SimcoeMuskDuff 1026 $ 1615 $ SimcoeMuskDuff 278 $ 328 $ 1848 $ 1094 $

NiagaraHamilton 1618 $ 1752 $ NiagaraHamilton 280 $ 387 $ 1870 $ 1117 $

GTA 1401 $ 1544 $ GTA 341 $ 421 $ 1417 $ 1208 $

Survey Average 1382 $ 1715 $ Survey Average 304 $ 363 $ 1602 $ 1240 $

Survey Median 1365 $ 1744 $ Survey Median 305 $ 374 $ 1467 $ 1208 $

Executive Summary 12

Municipal Study 2018

SECTION 8 Comparison of WaterSewer Costs

The establishment of water and sewer rates is a municipal responsibility and the absence of standard procedures across Ontario has resulted in the evolution of a great variety of rate structure formats There was considerable diversity across the survey in terms of the costs of watersewer and how services are

charged

Residential Commercial Industrial Industrial Industrial

Volume 200 m3

10000 m3 30000 m3

100000 m3 500000 m3

Meter Size 58 2 3 4 6

Average 1074 $ 36054 $ 102824 $ 334031 $ $ 1647471

Median 1038 $ 33087 $ 96928 $ 313040 $ $ 1541796

Min 463 $ 9626 $ 22026 $ 89898 $ 370994 $

Max 2090 $ 86527 $ 186000 $ 620000 $ $ 3100000

SECTION 9 Property Taxes and WaterWastewater as a of Income

A comparison was made of relative property tax burdens and watersewer costs on comparable properties

against the median household incomes The report also calculates the total municipal tax burden as a percentage of income available on an average household

Total Municipal Burden as a of Household Income

GTA 45

Southwest 48

North 49

NiagaraHamilton 51

SimcoeMuskDuff 54

Eastern 55

SECTION 10 Economic Development Programs

Business Retention amp Expansion Programs

DowntownArea Specific Programs

Brownfield Redevelopment

Executive Summary 13

Municipal Study 2018

IntroductionmdashMunicipal Study 2018

1

Municipal Study 2018

Introduction

For the past seventeen years BMA Management Consulting Inc has annually completed a municipal comparative study on behalf of participating Ontario municipalities This report brings together a group of indicators to give an overall snapshot for each municipality The analysis was completed using the most

recent information available as provided by the participating municipalities including

2018 current value assessment

2018 tax policies

2018 levy by‐laws

2018 development charges

2018 watersewer rates

2017 FIRs (as available)

2018 user fees

Economic development programs

To facilitate the analysis given the significant volume of information included in the report the

information is also accessible through BMArsquos online password protected database This provides the

participating municipalities with the ability to select only those municipalities that are of interest and to focus on specific areas of interest The database also provides the ability to analyze trends with data available over a five year period The database can be accessed from the BMA website wwwbmaconsultcom This information can be downloaded from the website into Excel to allow municipalities the ability to track their progress over time and to focus their analysis on specific comparators which can be incorporated into reports and presentations

For more information please feel free to contact

BMA Management Consulting Inc

139 Markland St Hamilton L8P 2K3

Phone (905) 528‐3206

Fax (905) 528‐3210

bmaonaibncom

Contacts Jim Bruzzese or Catherine Minshull

Introduction 2

Municipal Study 2018

Municipal Study Database

Introduction 3

Municipal Study 2018

Why Participate in a Study

The study identifies key financial and economic indicators and factors that should be

considered as part of a comprehensive evaluation of a municipalityrsquos financial condition

Use of the study over a number of years provides trends to allow decision makers to

monitor selected indicators over time Trend analysis helps to provide interpretative context Additional context can come from comparing a municipalityrsquos own experience with the experience of other municipalities While the study includes 108 municipalities it is recommended that the users take advantage of the online database to focus on

similar municipalities

Many of the analytical techniques included in the report are consistent with approaches used by credit

rating agencies and are also used by the International CityCounty Management Association (ICMA) The information contained in this report can help local municipalities analyze and interpret financial economic

and demographic trends Trend analysis is critical to truly understand and evaluate a municipalityrsquos financial condition and to provide early warning signals of potential or emerging financial problems

It is anticipated that the consolidation of the financial and economic indicators contained in the Municipal

Study will achieve the following goals and objectives

To help municipal decision‐makers in assessing market conditions

To understand the unique characteristics of each municipality

To understand the relationship between various controllable and uncontrollable factors in addressing a municipalityrsquos competitive opportunities and challenges

To develop a database of material that can be updated in future years to assess progress and establish targets

To create awareness of the trends and the potential need to modify policies

To assist in aligning municipal decisions in property taxation with other economic development

programs and initiatives

To assist municipalities in developing a long‐term strategy for property taxation to achieve municipal competitive objectives in targeted property classes

To create a baseline source of information that will assist municipalities in addressing specific areas of concern and to gain a better understanding of how other municipalities have addressed similar concerns

To understand the impact of reassessment and growth

To identify areas that may require further review (eg service levels user fees service delivery)

Introduction 4

Municipal Study 2018

Municipalities Represented in the Study

The following summarizes the municipalities by population range

Populations 15000 or less

Populations 15000 ndash 29999

Populations 30000 ndash 99999

Populations gt100000

Bancroft

Brock

Brockton

Central Elgin

Elliot Lake

Erin

Espanola

Gravenhurst

Greenstone

Grey Highlands

Guelph‐Eramosa

Ingersoll

Kincardine

Lambton Shores

Mapleton

Meaford

Minto

North Dumfries

North Middlesex

North Perth

North Stormont

Parry Sound

Penetanguishene

Puslinch

Saugeen Shores

St Marys

Tay

Tiny

Wainfleet

Wellesley

Wellington North

Bracebridge

Brockville

Centre Wellington

Collingwood

East Gwillimbury

Grimsby

Huntsville

Kenora

King

Lincoln

Middlesex Centre

Midland

Niagara‐on‐the‐Lake

Owen Sound

Pelham

Port Colborne

Prince Edward County

Springwater

Strathroy‐Caradoc

Thorold

Tillsonburg

West Lincoln

Wilmot

Woolwich

Barrie

Brampton

Brantford

Burlington

Cambridge

Chatham‐Kent

Durham Region

Greater Sudbury

Guelph

Halton Region

Hamilton

Kingston

Kitchener

London

Markham

Milton

Mississauga

Niagara Region

Oakville

Oshawa

Ottawa

Peel Region

Richmond Hill

Simcoe County

St Catharines

Thunder Bay

Toronto

Vaughan

Waterloo Region

Waterloo

Whitby

Windsor

York Region

Aurora

Belleville

Brant

Bruce County

Caledon

Clarington

Cornwall

Fort Erie

Georgina

Grey County

Haldimand

Halton Hills

Innisfil

Muskoka District

Newmarket

Niagara Falls

Norfolk

North Bay

Orangeville

Orillia

Peterborough

Pickering

Quinte West

Sarnia

Sault Ste Marie

St Thomas

Stratford

Timmins

Welland

Wellington County

Whitchurch‐Stouffville

Introduction 5

Municipal Study 2018

Socio‐Economic Indicators

Socio Economic Indicators 6

Municipal Study 2018

Socio‐Economic Indicators

A complete assessment of local governmentrsquos financial condition should include socio‐economic factors

Socio‐economic indicators describe and quantify a municipalityrsquos wealth and economic conditions and

provide insight into a municipalityrsquos collective ability to generate revenue relative to the municipalitys demand for public services An examination of local economic and demographic characteristics can identify the following situations

A decline in the tax base as measured by population property value employment or business activity

A need to shift public service priorities because demographic changes in the municipality

A need to shift public policies because of changes in economic conditions

An evaluation of socio‐economic factors contributes to the development of sound financial policies The

Socio‐Economic Factors section of the report includes the following information to assist municipalities in understanding some basic facts about each municipality included in the study

Population Statistics (2006‐2018)

Note Manifold Data Mining estimates for 2018 includes the undercount normally 3‐5 of population

Age Demographics

Average Household Income

Land Area and Density

Labour Statistics

Assessment Per Capita

Change in Unweighted Assessment (2013‐2018)

Assessment Composition By Class

Consolidated Unweighted and Weighted Assessment (Residential vs Non‐Residential)

Shift in Tax BurdenmdashUnweighted to Weighted Residential Assessment

Residential Properties by Type

Building Construction Activity (Residential Non‐Residential)

Socio Economic Indicators 7

Municipal Study 2018

Population Statistics 2006‐2018 (sorted highest to lowest population)

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Ottawa 812129 883391 934243 993556 88 58

Toronto 2503281 2615060 2731571 2890660 45 45

Brampton 433806 523911 593638 648883 208 133

Mississauga 668549 713443 721599 772000 67 11

London 352395 366151 383822 406751 39 48

Hamilton 504559 519949 536917 565591 31 33

Vaughan 238866 288301 306233 334499 207 62

Markham 261573 301709 328966 354135 153 90

Windsor 216473 210891 217188 228533 ‐26 30

Kitchener 204668 219153 233222 248635 71 64

Oakville 165613 182520 193832 206478 102 62

Richmond Hill 162704 185541 195022 206889 140 51

Oshawa 141590 149607 159458 170096 57 66

Burlington 164415 175779 183314 193853 69 43

Barrie 128430 135711 141434 149374 57 42

Greater Sudbury 157857 160274 161531 168518 15 08

St Catharines 131989 131400 133113 139152 ‐04 13

Guelph 114943 121688 131794 141485 59 83

Whitby 111184 122022 128377 136235 97 52

Cambridge 120371 126748 129920 136454 53 25

Milton 53889 84362 110128 119498 565 305

Kingston 117207 123363 123798 128937 53 04

Waterloo 97475 98780 104986 111868 13 63

Thunder Bay 109140 108359 107909 112042 ‐07 ‐04

Chatham‐Kent 108177 103671 101647 104889 ‐42 ‐20

Brantford 90192 93650 97496 103036 38 41

Pickering 87838 88721 91771 96747 10 34

Clarington 77820 84548 92013 98976 86 88

Niagara Falls 82184 82997 88071 93786 10 61

Newmarket 74295 79978 84224 89420 76 53

Peterborough 74898 78698 81032 85227 51 30

Sault Ste Marie 74948 75141 73368 75584 03 ‐24

Socio Economic Indicators 8

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod)

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Caledon 57050 59460 66502 72326 42 118

Sarnia 71419 72366 71594 74143 13 ‐11

Halton Hills 55289 59008 61161 64522 67 36

Norfolk 62563 63175 64044 66969 10 14

Welland 50331 50631 52293 55088 06 33

Aurora 47629 53203 55445 58618 117 42

North Bay 53966 53651 51553 52773 ‐06 ‐39

Bellevil le 48821 49454 50716 53277 13 26

Cornwall 45965 46340 46589 48556 08 05

Whitchurch‐Stouffvil le 24390 37628 45837 51571 543 218

Haldimand 45212 44876 45608 47738 ‐07 16

Georgina 42346 43517 45418 48045 28 44

Timmins 42997 43165 41788 42904 04 ‐32

Quinte West 42697 43086 43577 45533 09 11

Innisfi l 31175 33079 36566 39745 61 105

St Thomas 36110 37905 38909 40889 50 26

Stratford 30461 30886 31465 32959 14 19

Brant 34415 35638 36707 38626 36 30

Fort Erie 29925 29960 30710 32254 01 25

Orill ia 30259 30586 31166 32656 11 19

Centre Wellington 26049 26693 28191 29963 25 56

Orangevil le 26925 27975 28900 30450 39 33

King 19487 19899 24512 27703 21 232

Grimsby 23937 25325 27314 29274 58 79

East Gwill imbury 21069 22473 23991 25610 67 68

Woolwich 19658 23145 25006 26819 177 80

Lincoln 21722 22487 23787 25297 35 58

Prince Edward County 25496 25258 24735 25512 ‐09 ‐21

Collingwood 17290 19241 21793 23815 113 133

Owen Sound 21753 21688 21341 22053 ‐03 ‐16

Brockvil le 21957 21870 21346 21987 ‐04 ‐24

Wilmot 17097 19223 20545 21939 124 69

Socio Economic Indicators 9

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod)

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Huntsvil le 18280 19056 19816 20931 42 40

Strathroy‐Caradoc 19977 20978 20867 21656 50 ‐05

Thorold 18224 17931 18801 19925 ‐16 49

Springwater 17456 18223 19059 20178 44 46

Port Colborne 18599 18424 18306 18990 ‐09 ‐06

Niagara‐on‐the‐Lake 14587 15400 17511 19166 56 137

Pelham 16155 16598 17110 18010 27 31

Middlesex Centre 15589 16487 17262 18283 58 47

Bracebridge 15652 15409 16010 16903 ‐16 39

Midland 16330 16572 16864 17661 15 18

Kenora 15177 15348 15096 15597 11 ‐16

Tillsonburg 14822 15301 15872 16749 32 37

Saugeen Shores 11720 12661 13715 14724 80 83

West Lincoln 13167 13837 14500 15363 51 48

Guelph‐Eramosa 12066 13458 12854 13569 115 ‐45

North Perth 12254 12631 13130 13867 31 40

Gravenhurst 11046 11640 12311 13094 54 58

Ingersoll 11760 12146 12757 13529 33 50

Wellington North 11175 11477 11914 12576 27 38

Central Elgin 12723 12743 12607 13056 02 ‐11

Brock 11979 11341 11642 12234 ‐53 27

Tiny 10754 11232 11787 12495 44 49

Wellesley 9789 10713 11260 11944 94 51

Erin 11148 10770 11439 12185 ‐34 62

Meaford 10948 11100 10991 11386 14 ‐10

Kincardine 11173 11174 11389 11935 00 19

Lambton Shores 11150 10656 10631 11049 ‐44 ‐02

Mapleton 9851 9989 10527 11179 14 54

North Dumfries 9063 9334 10215 11012 30 94

Elliot Lake 11549 11348 10741 10930 ‐17 ‐53

Tay 9748 9736 10033 10560 ‐01 31

Grey Highlands 9480 9520 9804 10316 04 30

Socio Economic Indicators 10

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod )

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Brockton 9641 9432 9461 9852 ‐22 03

Penetanguishene 9354 9111 8962 9260 ‐26 ‐16

Minto 8504 8334 8671 9161 ‐20 40

St Marys 6617 6655 7265 7823 06 92

Puslinch 6689 7029 7336 7760 51 44

North Stormont 6769 6775 6873 7189 01 14

Parry Sound 5818 6191 6408 6756 64 35

Wainfleet 6601 6356 6372 6633 ‐37 03

North Middlesex 6740 6658 6352 6484 ‐12 ‐46

Espanola 5314 5364 4996 5051 09 ‐69

Greenstone 4906 4724 4636 4786 ‐37 ‐19

Bancroft 3838 3880 3881 4037 11 00

Survey Total 10293100 10942150 11468780 12177245 63 48

Provincial Total 12851821 13366300 13792052 14125923 40 32

Socio Economic Indicators 11

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod )

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Peel Region 1159405 1296814 1381739 1493209 119 65

York Region 892712 1032249 1109909 1188226 156 75

Durham Region 561258 608124 645862 688082 84 62

Halton Region 439256 501669 548435 584351 142 93

Waterloo Region 478121 507096 535154 568671 61 55

Niagara Region 427421 431346 447888 472938 09 38

Simcoe County 263515 279766 307050 315744 62 98

Wellington County 85482 86672 90932 96393 14 49

Bruce County 60310 60264 68147 71733 ‐01 131

Muskoka District 57563 58047 60599 64144 08 44

Grey County 89073 92568 93830 NA 39 14

Summary of Population Change by Geographic Area

The following table summarizes the average population change in percentage each of the geographic areas

2006‐2011 2011‐2016

10

8

6

4

2

0

‐2

Socio Economic Indicators 12

Municipal Study 2018

GTA Municipalitiesmdash change in population 2006‐2018

1 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006 2011

Change 2011 2016

Mississauga 668549 713443 721599 772000 67 11

Brock 11979 11341 11642 12234 ‐53 27

Pickering 87838 88721 91771 96747 10 34

Halton Hills 55289 59008 61161 64522 67 36

Aurora 47629 53203 55445 58618 117 42

Burlington 164415 175779 183314 193853 69 43

Georgina 42346 43517 45418 48045 28 44

Toronto 2503281 2615060 2731571 2890660 45 45

Richmond Hill 162704 185541 195022 206889 140 51

Whitby 111184 122022 128377 136235 97 52

Newmarket 74295 79978 84224 89420 76 53

Oakville 165613 182520 193832 206478 102 62

Vaughan 238866 288301 306233 334499 207 62

Oshawa 141590 149607 159458 170096 57 66

East Gwillimbury 21069 22473 23991 25610 67 68

Clarington 77820 84548 92013 98976 86 88

Markham 261573 301709 328966 354135 153 90

Caledon 57050 59460 66502 72326 42 118

Brampton 433806 523911 593638 648883 208 133

Whitchurch‐Stouffville 24390 37628 45837 51571 543 218

King 19487 19899 24512 27703 21 232

GTA Average 5424662 5902031 6254654 6678998 88 60

Survey Total 10293100 10942150 11468780 12177245 63 48

Milton 53889 84362 110128 119498 565 305

Socio Economic Indicators 13

Municipal Study 2018

Southwestmdash change in population 2006‐2018 5 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006 2011

Change 2011 2016

North Middlesex 6740 6658 6352 6484 ‐12 ‐46

Guelph‐Eramosa 12066 13458 12854 13569 115 ‐45

Chatham‐Kent 108177 103671 101647 104889 ‐42 ‐20

Owen Sound 21753 21688 21341 22053 ‐03 ‐16

Sarnia 71419 72366 71594 74143 13 ‐11

Central Elgin 12723 12743 12607 13056 02 ‐11

Meaford 10948 11100 10991 11386 14 ‐10

Strathroy‐Caradoc 19977 20978 20867 21656 50 ‐05

Lambton Shores 11150 10656 10631 11049 ‐44 ‐02

Brockton 9641 9432 9461 9852 ‐22 03

Norfolk 62563 63175 64044 66969 10 14

Haldimand 45212 44876 45608 47738 ‐07 16

Stratford 30461 30886 31465 32959 14 19

Kincardine 11173 11174 11389 11935 00 19

St Thomas 36110 37905 38909 40889 50 26

Cambridge 120371 126748 129920 136454 53 25

Windsor 216473 210891 217188 228533 ‐26 30

Grey Highlands 9480 9520 9804 10316 04 30

Brant 34415 35638 36707 38626 36 30

Tillsonburg 14822 15301 15872 16749 32 37

North Perth 12254 12631 13130 13867 31 40

Wellington North 11175 11477 11914 12576 27 38

Minto 8504 8334 8671 9161 ‐20 40

Brantford 90192 93650 97496 103036 38 41

Puslinch 6689 7029 7336 7760 51 44

Middlesex Centre 15589 16487 17262 18283 58 47

London 352395 366151 383822 406751 39 48

Ingersoll 11760 12146 12757 13529 33 50

Mapleton 9851 9989 10527 11179 14 54

Wellesley 9789 10713 11260 11944 94 51

Erin 11148 10770 11439 12185 ‐34 62

Centre Wellington 26049 26693 28191 29963 25 56

Waterloo 97475 98780 104986 111868 13 63

Kitchener 204668 219153 233222 248635 71 64

Wilmot 17097 19223 20545 21939 124 69

Woolwich 19658 23145 25006 26819 177 80

Guelph 114943 121688 131794 141485 59 83

Saugeen Shores 11720 12661 13715 14724 80 83

St Marys 6617 6655 7265 7823 06 92

North Dumfries 9063 9334 10215 11012 30 94

Southwest Average 1912310 1965573 2039804 2153844 28 38

Survey Total 10293100 10942150 11468780 12168981 63 48

Socio Economic Indicators 14

Municipal Study 2018

Easternmdash change in population 2006‐2018

3 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Brockville 21957 21870 21346 21987 ‐04 ‐24

Prince Edward County 25496 25258 24735 25512 ‐09 ‐21

Bancroft 3838 3880 3881 4037 11 00

Kingston 117207 123363 123798 128937 53 04

Cornwall 45965 46340 46589 48556 08 05

Quinte West 42697 43086 43577 45533 09 11

North Stormont 6769 6775 6873 7189 01 14

Belleville 48821 49454 50716 53277 13 26

Peterborough 74898 78698 81032 85227 51 30

Ottawa 812129 883391 934243 993556 88 58

Eastern Average 1199777 1282115 1336790 1413811 69 43

Survey Total 10293100 10942150 11468780 12168981 63 48

NiagaraHamiltonmdash change in population 2006‐2018

2 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Port Colborne 18599 18424 18306 18990 ‐09 ‐06

Wainfleet 6601 6356 6372 6633 ‐37 03

St Catharines 131989 131400 133113 139152 ‐04 13

Fort Erie 29925 29960 30710 32254 01 25

Pelham 16155 16598 17110 18010 27 31

Hamilton 504559 519949 536917 565591 31 33

Welland 50331 50631 52293 55088 06 33

West Lincoln 13167 13837 14500 15363 51 48

Thorold 18224 17931 18801 19925 ‐16 49

Lincoln 21722 22487 23787 25297 35 58

Niagara Falls 82184 82997 88071 93786 10 61

Grimsby 23937 25325 27314 29274 58 79

Niagara‐on‐the‐Lake 14587 15400 17511 19166 56 137

Change 2006‐2011

Change 2011‐2016

NiagaraHamilton Average 931980 951295 984805 1038529 21 35

Survey Total 10293100 10942150 11468780 12168981 63 48

Socio Economic Indicators 15

Municipal Study 2018

Northmdash change in population 2006‐2018

4 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Espanola 5314 5364 4996 5051 09 ‐69

Elliot Lake 11549 11348 10741 10930 ‐17 ‐53

North Bay 53966 53651 51553 52773 ‐06 ‐39

Timmins 42997 43165 41788 42904 04 ‐32

Sault Ste Marie 74948 75141 73368 75584 03 ‐24

Greenstone 4906 4724 4636 4786 ‐37 ‐19

Kenora 15177 15348 15096 15597 11 ‐16

Thunder Bay 109140 108359 107909 112042 ‐07 ‐04

Greater Sudbury 157857 160274 161531 168518 15 08

Parry Sound 5818 6191 6408 6756 64 35

North Average 481672 483565 478026 494941 04 ‐11

Survey Total 10293100 10942150 11468780 12168981 63 48

SimcoeMuskokaDufferinmdash change in population 2006‐2018

6 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Penetanguishene 9354 9111 8962 9260 ‐26 ‐16

Midland 16330 16572 16864 17661 15 18

Orillia 30259 30586 31166 32656 11 19

Tay 9748 9736 10033 10560 ‐01 31

Orangeville 26925 27975 28900 30450 39 33

Bracebridge 15652 15409 16010 16903 ‐16 39

Huntsville 18280 19056 19816 20931 42 40

Barrie 128430 135711 141434 149374 57 42

Springwater 17456 18223 19059 20178 44 46

Tiny 10754 11232 11787 12495 44 49

Gravenhurst 11046 11640 12311 13094 54 58

Innisfil 31175 33079 36566 39745 61 105

Collingwood 17290 19241 21793 23815 113 133

Change 2006‐2011

Change 2011‐2016

SimcoeMuskDuff Avg 342699 357571 374701 397122 43 48

Survey Total 10293100 10942150 11468780 12168981 63 48

Socio Economic Indicators 16

Municipal Study 2018

Population of Ontario Regions 2017 and 2041

The Ministry of Finance produces an updated set of population projections every year to provide a demographic outlook reflecting the most up‐to‐date trends and historical data

Ontariorsquos population is projected to grow by 302 or almost 43 million over the next 24 years from

an estimated 142 million on July 1 2017 to almost 185 million by July 1 2041

The annual rate of growth of Ontariorsquos population is projected to ease gradually from 18 to 09

over the projection period

Net migration is projected to account for 76 of all population growth in the province over the 2017ndash 2041 period with natural increase accounting for the remaining 24 In the second half of the projections the contribution of natural increase moderates as baby boomers increasingly reach senior

years and the number of deaths increases more rapidly

The number of children aged 0ndash14 is projected to increase gradually over the projection period from 22 million in 2017 to 27 million by 2041 The childrenrsquos share of population is projected to decrease gradually from 157 in 2017 to 148 by 2041

The Greater Toronto Area (GTA) is projected to be the fastest growing region of the province with its population increasing by 28 million or 408 to reach almost 97 million by 2041 The GTArsquos share of provincial population is projected to rise from 483 in 2017 to 523 in 2041

Socio Economic Indicators 17

Municipal Study 2018

Age Demographics

The age profile of a population may affect municipal expenditures For example expenditures may be

affected by seniors requiring higher public service costs and families with young children demanding

services for recreational and related programs

By 2041 there will be more people in every age group in Ontario compared to 2017 with a sharp increase in the number of seniors Baby boomers will have swelled the ranks of seniors children of the baby boom echo generation will be of school‐age and the baby boom echo cohorts along with a new generation of immigrants will have bolstered the population aged 15ndash64

The number of seniors aged 65 and over is projected to almost double from about 24 million or 167 of population in 2017 to almost 46 million or 248 by 2041 In 2015 for the first time seniors accounted for a larger share of population than children aged 0ndash14

The number of Ontarians aged 15ndash64 is projected to increase from 96 million in 2017 to 112 million by 2041 This age group is projected to decline as a share of total population from 676 in 2017 to 604 by 2041 As baby boomers continue to turn age 65 the growth in population aged 15ndash64 slows until 2027ndash28 and then accelerates over the remainder of the projection

The median age of Ontariorsquos population is projected to rise from 41 years in 2017 to 44 years in 2041 The median age for women climbs from 42 to 45 years over the projection period while for men it is projected to increase from 40 to 43 years

All regions see a shift to an older age structure The GTA is expected to remain the region with the youngest age structure as a result of strong international migration and positive natural increase

Socio Economic Indicators 18

‐ ‐

Municipal Study 2018

Age Demographics 2016 Stats Canada

Municipality 0 19 20‐44 45 64 65+ Municipality 0 19 20‐44 45‐64 65+

Bancroft 18 22 29 31 Aurora 25 30 32 13

Belleville 21 29 28 21 Brampton 27 36 25 11

Brockville 18 26 30 26 Brock 22 27 31 21

Cornwall 21 28 28 23 Burlington 23 30 28 19

Kingston 20 33 27 19 Caledon 26 29 31 13

North Stormont 24 30 31 14 Clarington 25 33 28 14

Ottawa 23 34 28 15 East Gwillimbury 23 30 32 15 Peterborough 20 31 26 22 Georgina 23 31 32 15 Prince Edward County 16 21 33 30 Halton Hills 26 29 31 13 Quinte West 22 28 30 19 King 25 29 31 15

Eastern Avg 20 28 29 22 Markham 23 32 29 15

Provincial Average 22 32 28 17 Milton 32 37 22 9

Mississauga 24 33 29 14

Newmarket

Oakville

25

27

31

29

31

30

14

15 Fort Erie 19 24 33 24

Oshawa 22 32 29 17 Grimsby 23 29 29 19

Pickering 23 31 31 15 Hamilton 22 32 28 17

Richmond Hill 24 31 31 15 Lincoln 23 27 28 21

Toronto 20 38 27 16 Niagara Falls 21 29 30 20

Vaughan 26 32 28 14 Niagara‐on‐the‐Lake 16 21 32 31

Whitby 27 32 29 13 Pelham 21 23 32 24

Whitchurch‐Stouffville 26 32 26 16 Port Colborne 19 25 32 25

St Catharines 20 31 28 22 GTA Avg 25 31 29 15

Thorold 22 33 29 16 Provincial Average 22 32 28 17

Wainfleet 22 25 34 18

Municipality 0 19 20‐44 45‐64 65+

Welland 20 29 29 21

West Lincoln 27 29 29 15

NiagaraHamilton Avg 21 27 30 21

Provincial Average 22 32 28 17

SourcemdashStats Canada Census 2016

Socio Economic Indicators 19

Elliot Lake 14 18 30 38

Espanola 19 27 32 22

Greater Sudbury 21 31 29 18

Greenstone 22 27 33 18

Kenora 21 29 31 19

North Bay 21 31 29 20

Parry Sound 18 26 29 27

Sault Ste Marie 19 28 30 22

Thunder Bay 20 31 29 20

Timmins 23 31 30 15

North Avg 20 28 30 22

Provincial Average 22 32 28 17

Municipal Study 2018

Age Demographics (contrsquod)

Municipality 0 19 20‐44 45‐64 65+

Municipality 0‐19 20‐44 45‐64 65+

Barrie 25 34 27 14

Bracebridge 19 25 31 25

Collingwood 19 26 28 26

Gravenhurst 16 24 33 28

Huntsville 20 27 32 22

Innisfil 24 30 31 15

Midland 19 26 31 25

Orangeville 26 33 27 14

Orillia 19 29 28 24

Penetanguishene 18 26 32 24

Springwater 25 28 33 15

Tay 19 26 34 21

Tiny 17 22 35 26

SimcoeMuskDuff Avg 20 27 31 21

Provincial Average 22 32 28 17

Municipality 0‐19 20‐44 45‐64 65+

Brant 23 27 31 19

Brantford 24 31 28 17

Brockton 22 26 30 21

Cambridge 25 33 28 15

Central Elgin 22 25 34 20

Centre Wellington 24 27 29 20

Chatham‐Kent 22 27 30 21

Erin 23 25 37 15

Grey Highlands 22 25 31 22

Guelph 23 36 26 15

Guelph‐Eramosa 23 26 33 17

Haldimand 23 27 31 18

Ingersoll 25 30 29 16

Kincardine 21 27 30 22

Kitchener 23 36 27 14

Lambton Shores 16 21 33 29

London 22 34 27 17

Mapleton 36 30 24 10

Meaford 18 22 32 28

Middlesex Centre 26 26 30 17

Minto 24 27 28 20

Norfolk 21 26 31 22

North Dumfries 26 28 31 14

North Middlesex 25 27 29 19

North Perth 27 30 25 18

Owen Sound 20 27 28 25

Puslinch 21 23 35 22

Sarnia 20 29 29 22

Saugeen Shores 19 27 30 24

St Marys 22 28 27 23

St Thomas 23 29 28 19

Stratford 21 29 30 21

Strathroy‐Caradoc 23 28 29 20

Tillsonburg 20 26 26 28

Waterloo 23 36 27 14

Wellesley 35 29 25 12

Wellington North 25 27 28 21

Wilmot 26 29 27 19

Windsor 22 32 28 18

Woolwich 28 30 26 17

Southwest Avg 23 28 29 19

Provincial Average 22 32 28 17 SourcemdashStats Canada Census 2016

Socio Economic Indicators 20

Municipal Study 2018

2018 Estimated Average Household Income Household income is one measure of a communityrsquos ability to pay for services While a higher relative household income is a positive indicator of the overall local economy it may lead to a greater expectation for quality programs and additional challenges in balancing desired levels of service with a willingness to pay for programs and services

Municipality

Elliot Lake $ 62158

Bancroft $ 65292

Owen Sound $ 70778

Midland $ 72919

Windsor $ 74671

Orillia $ 74970

Chatham‐Kent $ 77014

Belleville $ 77388

Niagara Falls $ 79768

Wellington North $ 80639

Fort Erie $ 81046

Quinte West $ 82770

Minto $ 83431

Tay $ 83731

Gravenhurst $ 83879

Espanola $ 84143

Greenstone $ 86104

Cornwall 62750 $

Parry Sound 67600 $

Brockville 71084 $

Welland 73910 $

St Thomas 74793 $

Port Colborne 76517 $

Tillsonburg 77240 $

Peterborough 79479 $

St Catharines 80012 $

Brantford 80735 $

North Bay 82320 $

Sault Ste Marie 82955 $

Thorold 83547 $

Penetanguishene 83774 $

Stratford 84065 $

Norfolk 84393 $

London 86126 $

Thunder Bay $ 87350

Municipality Municipality

St Marys $ 88756

Lambton Shores $ 88976

Oshawa $ 90192

North Perth $ 90553

North Stormont $ 91502

Brockton $ 92228

Prince Edward County $ 92682

Hamilton $ 93423

North Middlesex $ 94212

Kenora $ 96224

Haldimand $ 96891

Greater Sudbury $ 97604

Georgina $ 98312

Tiny $ 100784

Brampton $ 102663

Wainfleet $ 103485

Mapleton $ 107206

West Lincoln $ 107846

Strathroy‐Caradoc 88913 $

Collingwood 89612 $

Ingersoll 90487 $

Kitchener 90901 $

Kingston 91580 $

Bracebridge 92397 $

Brock 92943 $

Huntsville 94047 $

Sarnia 94588 $

Timmins 96423 $

Barrie 97290 $

Cambridge 97643 $

Guelph 100108 $

Orangeville 101444 $

Grey Highlands 102808 $

Centre Wellington 106318 $

Innisfil 107643 $

Mississauga $ 109999

Ottawa $ 111599

Lincoln $ 113606

Clarington $ 116511

Markham $ 118152

Wilmot $ 120075

Richmond Hill $ 121671

Newmarket $ 123590

Burlington $ 125873

Wellesley $ 127485

Milton $ 128664

North Dumfries $ 133048

Halton Hills $ 136293

Springwater $ 139363

Middlesex Centre $ 141189

Erin $ 142361

Aurora $ 155457

Oakville $ 179132

Central Elgin 110954 $

Brant 111853 $

Waterloo 114438 $

Grimsby 116929 $

Niagara‐on‐the‐Lake 118156 $

Saugeen Shores 120585 $

Kincardine 122567 $

Pickering 124559 $

Pelham 126655 $

Woolwich 128111 $

Whitby 128665 $

East Gwillimbury 135968 $

Guelph‐Eramosa 136490 $

Vaughan 139474 $

Whitchurch‐Stouffville 142060 $

Caledon 145664 $

Puslinch 179036 $

Meaford 87359 $ Toronto 107968 $ King 187349 $

Average $ 102194

SourcemdashManifold Data Mining Median 95406 $

Socio Economic Indicators 21

Municipal Study 2018

2018 Average Household Income by Geographic Location

The following table provides the estimated average household income in 2018 for each of the

municipalities SourcemdashManifold Data Mining summarized by geographic area

3

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Cornwall $ 62750 low

Bancroft $ 65292 low

Brockvil le $ 71084 low

Bellevil le $ 77388 low

Peterborough $ 79479 low

Quinte West $ 82770 low

North Stormont $ 91502 mid

Kingston $ 91580 mid

Prince Edward County $ 92682 mid

Ottawa $ 111599

Eastern Avg $ 82613

high

6

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Midland $ 72919 low

Orill ia $ 74970 low

Tay $ 83731 low

Penetanguishene $ 83774 low

Gravenhurst $ 83879 low

Collingwood $ 89612 mid

Bracebridge $ 92397 mid

Huntsvil le $ 94047 mid

Barrie $ 97290 mid

Tiny $ 100784 mid

Orangevil le $ 101444 mid

Innisfi l $ 107643 mid

Springwater $ 139363

SimcoeMuskDuff Avg $ 93989

high

1

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Oshawa

Brock

Georgina

Brampton

Toronto

Mississauga

Clarington

Markham

Richmond Hill

Newmarket

Pickering

Burlington

Milton

Whitby

East Gwill imbury

Halton Hills

Vaughan

Whitchurch‐Stouffvil le

Caledon

Aurora

Oakville

King

90192 $

92943 $

98312 $

102663 $

107968 $

109999 $

116511 $

118152 $

121671 $

123590 $

124559 $

125873 $

128664 $

128665 $

135968 $

136293 $

139474 $

142060 $

145664 $

155457 $

179132 $

187349 $

mid

mid

mid

mid

mid

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

GTA Avg 127780 $

Socio Economic Indicators 22

Municipal Study 2018

Average Household Income by Geographic Location (contrsquod)

2

Municipality

2018 Income Ranking

2018 Est Avg

Household Income

5

Municipality

2018

Income Ranking

2018 Est Avg

Household Income

low Welland $ 73910

low Port Colborne $ 76517

low Niagara Falls $ 79768

low St Catharines $ 80012

low Fort Erie $ 81046

low Thorold $ 83547

mid Hamilton $ 93423

mid Wainfleet $ 103485

mid West Lincoln $ 107846

Lincoln $ 113606

Grimsby $ 116929

Niagara‐on‐the‐Lake $ 118156

Pelham $ 126655

high

high

high

high

NiagaraHamilton Avg $ 96531

4

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Elliot Lake $ 62158 low

Parry Sound $ 67600 low

North Bay $ 82320 low

Sault Ste Marie $ 82955 low

Espanola $ 84143 low

Greenstone $ 86104 low

Thunder Bay $ 87350 low

Kenora $ 96224 mid

Timmins $ 96423 mid

Greater Sudbury $ 97604 mid

North Avg $ 84288

low Owen Sound $ 70778

low Windsor $ 74671

low St Thomas $ 74793

low Chatham‐Kent $ 77014

low Tillsonburg $ 77240

low Wellington North $ 80639

low Brantford $ 80735

low Minto $ 83431

low Stratford $ 84065

low Norfolk $ 84393

low London $ 86126

low Meaford $ 87359

mid St Marys $ 88756

mid Strathroy‐Caradoc $ 88913

mid Lambton Shores $ 88976

mid Ingersoll $ 90487

mid North Perth $ 90553

mid Kitchener $ 90901

mid Brockton $ 92228

mid North Middlesex $ 94212

mid Sarnia $ 94588

mid Haldimand $ 96891

mid Cambridge $ 97643

mid Guelph $ 100108

mid Grey Highlands $ 102808

mid Centre Wellington $ 106318

mid Mapleton $ 107206

Central Elgin $ 110954

Brant $ 111853

Waterloo $ 114438

Wilmot $ 120075

Saugeen Shores $ 120585

Kincardine $ 122567

Wellesley $ 127485

Woolwich $ 128111

North Dumfries $ 133048

Guelph‐Eramosa $ 136490

Middlesex Centre $ 141189

Erin $ 142361

Puslinch $ 179036

high

high

high

high

high

high

high

high

high

high

high

high

high

Southwest Avg $ 102001

Socio Economic Indicators 23

Municipal Study 2018

Summary 2018 Average Household Income by Geographic Location

GTA

Southwest

NiagaraHamilton

SimcoeMuskDuff

North

Eastern

Socio Economic Indicators 24

Municipal Study 2018

Land Area and Density

Population density indicates the number of residents living in an area (usually measured by square kilometre) Density readings can lend insight into the age of a city growth patterns zoning practices new development opportunities and the level of multi‐family unit housing High population density can also

indicate whether a municipality may be reaching build‐out as well as service and infrastructure needs such as additional public transit or street routes As stated by the Province of Ontario in their InfoSheet Planning for Intensification some of the benefits of intensification include

Using resources such as lands buildings and infrastructure more effectively

Protecting the natural environment and biodiversity by limiting urban expansion

Incorporating green features that offset and support new development

Creating active streets that promote healthier patterns of human activity

Creating economic opportunities

Reducing carbon footprint

Improving access to public transit

Enhancing community identity

Improving municipal fiscal performance

Socio Economic Indicators 25

Municipal Study 2018

Land Area and Density (sorted by population density)

Municipality Land Area

(Sq Km)

2018

Pop

Density Per Sq

Density Ranking Municipality

Land Area

(Sq Km)

2018

Pop

Density Per Sq

Density Ranking

Greenstone 2767 2 low Espanola 83 61 mid

North Middlesex 598 11 low Centre Wellington 408 74 mid

Grey Highlands 883 12 low Kenora 212 74 mid

North Stormont 516 14 low Tay 139 76 mid

Timmins 2979 14 low Strathroy‐Caradoc 271 80 mid

Ell iot Lake 715 15 low Woolwich 326 82 mid

Brockton 565 17 low King 333 83 mid

Bancroft 230 18 low Wilmot 264 83 mid

Meaford 589 19 low Saugeen Shores 171 86 mid

Mapleton 535 21 low Quinte West 494 92 mid

Kincardine 538 22 low East Gwill imbury 245 105 mid

Wellington North 526 24 low Caledon 688 105 mid

Prince Edward County 1050 24 low Pelham 126 142 mid

Gravenhurst 518 25 low Niagara‐on‐the‐Lake 133 144 mid

Bracebridge 628 27 low Innisfi l 263 151 mid

North Perth 493 28 low Lincoln 163 155 mid

Brock 423 29 low Port Colborne 122 156 mid

Huntsvil le 710 29 low Clarington 611 162 mid

Minto 301 30 low North Bay 319 165 mid

Wainfleet 217 31 low Georgina 288 167 mid

Middlesex Centre 588 31 low Fort Erie 166 194 mid

Lambton Shores 331 33 low Bellevil le 247 215 mid

Puslinch 215 36 low Halton Hills 276 234 mid

Tiny 337 37 low Thorold 83 240 mid

Springwater 536 38 low Whitchurch‐Stouffvil le 206 250 mid

Haldimand 1252 38 low Kingston 415 311 mid

West Lincoln 388 40 low Milton 363 329 mid

Erin 298 41 low Sault Ste Marie 223 339 mid

Norfolk 1608 42 low Thunder Bay 328 341 mid

Chatham‐Kent 2458 43 low Ottawa 2790 356 mid

Wellesley 278 43 low Penetanguishene 26 362 mid

Brant 843 46 low Pickering 232 418 mid

Guelph‐Eramosa 292 47 low Grimsby 69 425 mid

Central Elgin 280 47 low Niagara Falls 210 447 mid

Greater Sudbury 3228 52 low Sarnia 165 450 mid

North Dumfries 187 59 low Midland 35 500 mid

Socio Economic Indicators 26

Municipal Study 2018

Land Area and Density (sorted by population density) (contrsquod)

Municipality Land Area

(Sq Km)

2018

Pop

Density Per Sq

Density Ranking

Parry Sound 13 504

Hamilton 1117 506

St Marys 12 628

Welland 81 680

Collingwood 34 705

Til lsonburg 22 750

Cornwall 62 789

Owen Sound 24 909

Whitby 147 929

London 420 968

Burlington 186 1044

Brockvil le 21 1055

Ingersoll 13 1061

Oril l ia 29 1143

St Thomas 36 1148

Stratford 28 1165

Oshawa 146 1168

Aurora 50 1176

Vaughan 274 1193

Cambridge 113 1207

Peterborough 64 1326

Brantford 72 1422

St Catharines 96 1448

Oakvil le 139 1487

Barrie 99 1508

Windsor 146 1561

Guelph 87 1622

Markham 212 1668

Waterloo 64 1747

Kitchener 137 1818

Orangeville 16 1951

Richmond Hill 101 2046

Newmarket 38 2326

Brampton 266 2436

Mississauga 292 2640

Toronto 630 4587

Average 423 547

Median 255 164

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

Socio Economic Indicators 27

Municipal Study 2018

Land Area and Density by Geographic Location

3 2018

Population

Density Per Sq Km

Land Area (Sq Km)

Density Ranking

low North Stormont 516 14

low Bancroft 230 18

low Prince Edward County 1050 24

mid Quinte West 494 92

mid Bellevil le 247 215

mid Kingston 415 311

mid Ottawa 2790 356

Cornwall 62 789

Brockvil le 21 1055

Peterborough 64 1326

high

high

high

Eastern Avg 589 420

Median 331 263

2 Municipality

Land Area (Sq Km)

2018

Population

Density Per Sq Km

Density Ranking

low Wainfleet 217 31

low West Lincoln 388 40

mid Pelham 126 142

mid Niagara‐on‐the‐Lake 133 144

mid Lincoln 163 155

mid Port Colborne 122 156

mid Fort Erie 166 194

mid Thorold 83 240

mid Grimsby 69 425

mid Niagara Falls 210 447

Hamilton 1117 506

Welland 81 680

St Catharines 96 1448

high

high

high

NiagaraHamilton Avg 229 354

Median 133 194

1 Municipality

Land Area (Sq Km)

2018

Population

Density Per Sq Km

Density Ranking

low Brock 423 29

mid King 333 83

mid East Gwill imbury 245 105

mid Caledon 688 105

mid Clarington 611 162

mid Georgina 288 167

mid Halton Hills 276 234

mid Whitchurch‐Stouffvil le 206 250

mid Milton 363 329

mid Pickering 232 418

Whitby 147 929

Burlington 186 1044

Oshawa 146 1168

Aurora 50 1176

Vaughan 274 1193

Oakville 139 1487

Markham 212 1668

Richmond Hill 101 2046

Newmarket 38 2326

Brampton 266 2436

Mississauga 292 2640

Toronto 630 4587

high

high

high

high

high

high

high

high

high

high

high

high

GTA Avg 279 1117

Median 256 987

Socio Economic Indicators 28

Municipal Study 2018

Land Area and Density by Geographic Location (contrsquod)

4 Municipality

Land Area

(Sq Km)

2018

Population Density Per Sq Km

Density Ranking

5 Municipality

Land Area

(Sq Km)

2018

Population Density Per Sq Km

Density Ranking

low Greenstone 2767 2

low Timmins 2979 14

low Elliot Lake 715 15

low Greater Sudbury 3228 52

mid Espanola 83 61

mid Kenora 212 74

mid North Bay 319 165

mid Sault Ste Marie 223 339

mid Thunder Bay 328 341

Parry Sound 13 504 high

North Avg 1087 157

Median 324 67

6 Municipality

Density Ranking

Land Area (Sq Km)

2018

Population

Density Per Sq Km

low Gravenhurst 518 25

Bracebridge 628 27 low

low Huntsvil le 710 29

Tiny 337 37 low

low Springwater 536 38

Tay 139 76 mid

mid Innisfil 263 151

Penetanguishene 26 362 mid

mid Midland 35 500

Oril l ia 29 1143

Orangevil le 16 1951

Coll ingwood 34 705 high

high

Barrie 99 1508 high

high

SimcoeMuskDuff Avg 259 504

Median

GTA

SimcoeMuskDuff

Southwest

Eastern

NiagaraHamilton

North

139 151

Population Density Per Sq Km

0 200 400 600 800 1000 1200

low North Middlesex 598 11

low Grey Highlands 883 12

low Brockton 565 17

low Meaford 589 19

low Mapleton 535 21

low Kincardine 538 22

low Wellington North 526 24

low North Perth 493 28

low Minto 301 30

low Middlesex Centre 588 31

low Lambton Shores 331 33

low Puslinch 215 36

low Haldimand 1252 38

low Erin 298 41

low Norfolk 1608 42

low Chatham‐Kent 2458 43

low Wellesley 278 43

low Brant 843 46

low Guelph‐Eramosa 292 47

low Central Elgin 280 47

low North Dumfries 187 59

mid Centre Wellington 408 74

mid Strathroy‐Caradoc 271 80

mid Woolwich 326 82

mid Wilmot 264 83

mid Saugeen Shores 171 86

mid Sarnia 165 450

St Marys 12 628

Til lsonburg 22 750

Owen Sound 24 909

London 420 968

Ingersoll 13 1061

St Thomas 36 1148

Stratford 28 1165

Cambridge 113 1207

Brantford 72 1422

Windsor 146 1561

Guelph 87 1622

Waterloo 64 1747

Kitchener 137 1818

high

high

high

high

high

high

high

high

high

high

high

high

high

Southwest Avg 411 439

Median 286 53

Socio Economic Indicators 29

Municipal Study 2018

Labour Statistics

The labour force is defined as the number of people aged 15 and over who are employed and unemployed Labour force statistics are an important measure of the economyrsquos potential The larger the percentage of the population that enters the labour force the larger the potential output and standard of living Growth

in the labour force implies expansion potential The rate of employment of the communityrsquos citizens is a measure of and an influence on the communityrsquos ability to support its local business sector A decline in employment base or higher than average rates of unemployment can be a warning signal that overall economic activity may be declining Unemployment does not capture working age residents who are unemployed and are no longer actively seeking employment The employment rate provides a fuller picture of employment in the community

Socio Economic Indicators 30

Municipal Study 2018

Labour Statistics CMA

CMA

Employment Rate Sept

2018

Employment Change 2017 2018

Participation Rate

Participation Rate Change 2017 2018

Unemployment Rate Sept 2018

Unemployment Rate Change 2017 2018

Barrie

Brantford

Greater Sudbury

Guelph

Hamilton

Kingston

KitchenerCambridge Waterloo

London

Oshawa

Ottawa‐Gatineau

Peterborough

St Catharines‐Niagara

Thunder Bay

Toronto

Windsor

670

583

574

652

611

606

680

583

652

641

615

569

614

614

554

‐09

‐38

‐05

‐37

‐42

‐11

07

25

15

06

15

03

15

‐06

‐22

712

619

613

677

644

642

717

614

691

671

652

615

648

654

597

‐11

‐38

‐03

‐55

‐38

‐11

10

24

22

‐03

11

10

17

‐06

‐14

58

58

64

36

52

55

51

52

56

45

56

75

53

61

73

‐02

04

04

‐23

10

01

03

‐02

08

‐13

‐12

10

02

00

16

Ontario 609 ‐02 645 ‐03 57 00

Source Stats Canada

Socio Economic Indicators 31

Municipal Study 2018

32

Assessment Per Capita (Sorted by Unweighted Assessment)

Property assessment is the basis upon

which municipalities raise taxes A

strong assessment base is critical to a

municipalityrsquos ability to generate

revenues Assessment per capita

statistics have been compared to

provide an indication of the ldquorichnessrdquo of

the assessment base in each

municipality

Unweighted assessment provides the actual current value assessment of the

properties

Weighted assessment reflects the basis

upon which property taxes are levied

after applying the tax ratios to the

various property classes to the

unweighted assessment

Socio Economic Indicators

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Elliot Lake 49556 $ $ 55809 low low

Windsor 70740 $ $ 89181 low low

Espanola 74662 $ $ 95740 low low

Cornwall 77046 $ $ 101758 low low

St Thomas 79492 $ $ 94092 low low

Timmins 80049 $ $ 96701 low low

Welland 82100 $ $ 91809 low low

Sault Ste Marie 87701 $ $ 112497 low low

Owen Sound 90150 $ $ 109736 low low

Thunder Bay 92226 $ $ 114994 low low

Ingersoll 92868 $ $ 113347 low low

Bancroft 94650 $ $ 95422 low low

Port Colborne 96242 $ $ 107878 low low

Quinte West 96974 $ $ 106167 low low

Sarnia 97322 $ $ 112509 low low

Tillsonburg 98390 $ $ 116633 low low

Brockville 99130 $ $ 121702 low low

Belleville 99663 $ $ 126825 low mid

Brantford 102171 $ $ 122952 low low

St Catharines 103081 $ $ 119650 low low

Greater Sudbury 104015 $ $ 127985 low mid

North Bay 104307 $ $ 124452 low mid

Peterborough 104810 $ $ 118983 low low

London 105144 $ $ 120661 low low

Parry Sound 105525 $ $ 122599 low low

St Marys 105921 $ $ 120810 low low

Penetanguishene 108151 $ $ 111153 low low

Thorold 109101 $ $ 121396 low low

Midland 110881 $ $ 117659 low low

Kenora 111838 $ $ 132512 low mid

Fort Erie 111853 $ $ 119871 low low

Kitchener 116058 $ $ 136243 low mid

Minto 116637 $ $ 99007 low low

Oshawa 116675 $ $ 131036 low mid

Stratford 117383 $ $ 142680 low mid

Orillia 118401 $ $ 140299 low mid

Municipal Study 2018

Assessment Per Capita (Sorted by Unweighted Assessment) (contrsquod)

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Niagara Falls $ 119136 $ 145134 mid mid

Chatham‐Kent $ 119182 $ 95494 mid low

Strathroy‐Caradoc $ 120420 $ 112270 mid low

Cambridge $ 121506 $ 147676 mid mid

Hamilton $ 123694 $ 146819 mid mid

Tay $ 124259 $ 122533 mid low

Orangeville $ 127343 $ 136426 mid mid

Kingston $ 128262 $ 146747 mid mid

Barrie $ 129721 $ 139665 mid mid

Greenstone $ 130518 $ 127794 mid mid

West Lincoln $ 130985 $ 121413 mid low

Haldimand $ 131748 $ 125004 mid mid

Clarington $ 133155 $ 136930 mid mid

Guelph $ 139291 $ 165252 mid

Norfolk $ 139339 $ 123997 mid low

Brockton $ 139798 $ 106270 mid low

Brampton $ 140308 $ 149135 mid mid

Lincoln $ 141793 $ 142067 mid mid

Pelham $ 142156 $ 141412 mid mid

Grimsby $ 143810 $ 153059 mid mid

Wellington North $ 147042 $ 114949 mid low

Central Elgin $ 148557 $ 128634 mid mid

Whitby $ 150288 $ 161449 mid mid

Centre Wellington $ 152007 $ 144000 mid mid

Wainfleet $ 153135 $ 138714 mid mid

Georgina $ 154729 $ 153478 mid mid

Brock $ 155114 $ 137843 mid mid

North Stormont $ 157983 $ 105544 mid low

Wilmot $ 159381 $ 150091 mid mid

Meaford $ 161150 $ 146718 mid mid

Brant $ 161479 $ 154147 mid mid

Ottawa $ 164103 $ 194028 mid

Waterloo $ 164531 $ 194966 mid

Woolwich $ 165349 $ 166951 mid

Prince Edward County $ 165730 $ 157062 mid mid

high

high

high

high

Wellesley 167265 $ $ 136354 mid mid

Socio Economic Indicators 33

Municipal Study 2018

Assessment Per Capita (Sorted by Unweighted Assessment ) (contrsquod)

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Collingwood $ 170793 $ 177145

Pickering $ 175091 $ 187269

Springwater $ 177271 $ 165762

Saugeen Shores $ 177948 $ 174964

Innisfil $ 179107 $ 175252

Milton $ 183143 $ 197531

Huntsville $ 184033 $ 184555

Bracebridge $ 186068 $ 186348

North Perth $ 187449 $ 127259

North Dumfries $ 188250 $ 198361

Newmarket $ 190605 $ 197521

Halton Hills $ 191864 $ 202944

Mississauga $ 195204 $ 220161

Kincardine $ 196159 $ 175934

Guelph‐Eramosa $ 201118 $ 181487

Erin $ 202247 $ 186496

Middlesex Centre $ 205689 $ 155170

Burlington $ 207355 $ 234312

Grey Highlands $ 209673 $ 176167

Mapleton $ 213981 $ 135649

Whitchurch‐Stouffvill $ 220586 $ 220377

Toronto $ 222667 $ 320682

Caledon $ 236060 $ 235797

East Gwillimbury $ 240312 $ 235891

Markham $ 241816 $ 249067

Aurora $ 244870 $ 250861

Lambton Shores $ 245964 $ 216573

Niagara‐on‐the‐Lake $ 259936 $ 274476

Gravenhurst $ 261645 $ 262220

North Middlesex $ 263607 $ 135367

Richmond Hill $ 264402 $ 270035

Oakville $ 272192 $ 296552

Vaughan $ 272434 $ 286894

Puslinch $ 276942 $ 290895

Tiny $ 305257 $ 298534

King $ 310146 $ 297667

Average $ 154140 $ 156898 Median $ 141974 $ 139982

high high

high high

high high

high high

high high

high high

high high

high high

high mid

high high

high high

high high

high high

high high

high high

high high

high mid

high high

high high

high mid

high high

high high

high high

high high

high high

high high

high high

high high

high high

high mid

high high

high high

high high

high high

high high

high high

Socio Economic Indicators 34

Municipal Study 2018

Taxable Assessment Per Capita (Grouped by Location sorted by unweighted assessment)

Eastern Municipalities 3

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Cornwall 77046 $ $ 101758 low low

Bancroft 94650 $ $ 95422 low low

Quinte West 96974 $ $ 106167 low low

Brockville 99130 $ $ 121702 low low

Belleville 99663 $ $ 126825 low mid

Peterborough 104810 $ $ 118983 low low

Kingston 128262 $ $ 146747 mid mid

North Stormont 157983 $ $ 105544 mid low

Ottawa 164103 $ $ 194028 mid high

Prince Edward County 165730 $ $ 157062 mid mid

Eastern Avg 118835 $ $ 127424

Median 102236 $ $ 120342

NiagaraHamilton Municipalities

2

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Welland 82100 $ $ 91809 low low

Port Colborne 96242 $ $ 107878 low low

St Catharines 103081 $ $ 119650 low low

Thorold 109101 $ $ 121396 low low

Fort Erie 111853 $ $ 119871 low low

Niagara Falls 119136 $ $ 145134 mid mid

Hamilton 123694 $ $ 146819 mid mid

West Lincoln 130985 $ $ 121413 mid low

Lincoln 141793 $ $ 142067 mid mid

Pelham 142156 $ $ 141412 mid mid

Grimsby 143810 $ $ 153059 mid mid

Wainfleet 153135 $ $ 138714 mid mid

Niagara‐on‐the‐Lake 259936 $ $ 274476 high high

NiagaraHamilton Avg $ 132079 $ 140285

Median $ 123694 $ 138714

Socio Economic Indicators 35

Municipal Study 2018

Taxable Assessment Per Capita (contrsquod) (Grouped by Location sorted by unweighted assessment)

GTA Municipalities

1

Municipality

2018 Unweighted Assessment per Capita

2018 Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Oshawa $ 116675 $ 131036 low mid

Clarington $ 133155 $ 136930 mid mid

Brampton $ 140308 $ 149135 mid mid

Whitby $ 150288 $ 161449 mid mid

Georgina $ 154729 $ 153478 mid mid

Brock $ 155114 $ 137843 mid mid

Pickering $ 175091 $ 187269

Milton $ 183143 $ 197531

Newmarket $ 190605 $ 197521

Halton Hills $ 191864 $ 202944

Mississauga $ 195204 $ 220161

Burlington $ 207355 $ 234312

Whitchurch‐Stouffville $ 220586 $ 220377

Toronto $ 222667 $ 320682

Caledon $ 236060 $ 235797

East Gwillimbury $ 240312 $ 235891

Markham $ 241816 $ 249067

Aurora $ 244870 $ 250861

Richmond Hill $ 264402 $ 270035

Oakville $ 272192 $ 296552

Vaughan $ 272434 $ 286894

King $ 310146 $ 297667

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

GTA Avg $ 205410 $ 216974

Median $ 201279 $ 220269

Socio Economic Indicators 36

Municipal Study 2018

Taxable Assessment Per Capita (contrsquod) (Grouped by Location sorted by unweighted assessment)

Northern Municipalities 4

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Elliot Lake 49556 $ $ 55809 low low

Espanola 74662 $ $ 95740 low low

Timmins 80049 $ $ 96701 low low

Sault Ste Marie 87701 $ $ 112497 low low

Thunder Bay 92226 $ $ 114994 low low

Greater Sudbury 104015 $ $ 127985 low mid

North Bay 104307 $ $ 124452 low mid

Parry Sound 105525 $ $ 122599 low low

Kenora 111838 $ $ 132512 low mid

Greenstone 130518 $ $ 127794 mid mid

North Avg 94040 $ $ 111108

Median 98121 $ $ 118797

SimcoeMuskokaDufferin Municipalities

6

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Penetanguishene 108151 $ $ 111153 low low

Midland 110881 $ $ 117659 low low

Orillia 118401 $ $ 140299 low mid

Tay 124259 $ $ 122533 mid low

Orangeville 127343 $ $ 136426 mid mid

Barrie 129721 $ $ 139665 mid mid

Collingwood 170793 $ $ 177145 high high

Springwater 177271 $ $ 165762 high high

Innisfil 179107 $ $ 175252 high high

Huntsville 184033 $ $ 184555 high high

Bracebridge 186068 $ $ 186348 high high

Gravenhurst 261645 $ $ 262220 high high

Tiny 305257 $ $ 298534 high high

SimcoeMuskDuff Avg $ 167918 $ 170581

Median $ 170793 $ 165762

Socio Economic Indicators 37

Municipal Study 2018

Taxable Assessment Per Capita (contrsquod) (Grouped by Location sorted by unweighted assessment) Southwest Municipalities

5

Municipality

2018

Unweighted Assessment per Capita

2018 Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Windsor $ 70740 $ 89181 low low

St Thomas $ 79492 $ 94092 low low

Owen Sound $ 90150 $ 109736 low low

Ingersoll $ 92868 $ 113347 low low

Sarnia $ 97322 $ 112509 low low

Tillsonburg $ 98390 $ 116633 low low

Brantford $ 102171 $ 122952 low low

London $ 105144 $ 120661 low low

St Marys $ 105921 $ 120810 low low

Kitchener $ 116058 $ 136243 low mid

Minto $ 116637 $ 99007 low low

Stratford $ 117383 $ 142680 low mid

Chatham‐Kent $ 119182 $ 95494 mid low

Strathroy‐Caradoc $ 120420 $ 112270 mid low

Cambridge $ 121506 $ 147676 mid mid

Haldimand $ 131748 $ 125004 mid mid

Guelph $ 139291 $ 165252 mid

Norfolk $ 139339 $ 123997 mid low

Brockton $ 139798 $ 106270 mid low

Wellington North $ 147042 $ 114949 mid low

Central Elgin $ 148557 $ 128634 mid mid

Centre Wellington $ 152007 $ 144000 mid mid

Wilmot $ 159381 $ 150091 mid mid

Meaford $ 161150 $ 146718 mid mid

Brant $ 161479 $ 154147 mid mid

Waterloo $ 164531 $ 194966 mid

Woolwich $ 165349 $ 166951 mid

Wellesley $ 167265 $ 136354

high high

high mid

high high

high high

high high

high high

high mid

high high

high mid

high high

high mid

high high

mid mid

Saugeen Shores $ 177948 $ 174964

North Perth $ 187449 $ 127259

North Dumfries $ 188250 $ 198361

Kincardine $ 196159 $ 175934

Guelph‐Eramosa $ 201118 $ 181487

Erin $ 202247 $ 186496

Middlesex Centre $ 205689 $ 155170

Grey Highlands $ 209673 $ 176167

Mapleton $ 213981 $ 135649

Lambton Shores $ 245964 $ 216573

North Middlesex $ 263607 $ 135367

Puslinch $ 276942 $ 290895

high

high

high

Southwest Avg $ 152484 $ 143624

Median $ 147800 $ 135946

Socio Economic Indicators 38

‐ ‐

‐ ‐

Municipal Study 2018

Unweighted AssessmentmdashTrend

The tables on the next several pages reflect the change in unweighted assessment from 2013‐2018 The changes in assessment trends are related to new growth as well as changes in market value of existing properties The changes include the impact of reassessment as well as growth The table has been sorted

from low to high for the 2017‐2018 change in assessment

2013

2014

2014 2015

2015

2016

2016 2017

2017 2018

Ranking 2017 2018

Meaford 56 52 45 04 03 low

Owen Sound 33 25 20 ‐09 14 low

Brockvil le 47 36 62 ‐25 15 low

North Bay 61 49 51 ‐11 23 low

Elliot Lake NA 51 47 ‐10 23 low

St Marys NA NA 30 31 27 low

Windsor 14 12 14 29 27 low

Timmins 71 65 58 ‐10 29 low

Bracebridge 29 25 26 09 30 low

Peterborough 33 29 30 45 30 low

Brant 59 52 59 63 31 low

Gravenhurst 27 31 30 17 33 low

Bellevil le 33 39 29 15 36 low

Saugeen Shores 59 60 51 ‐03 36 low

Huntsville 22 28 24 14 37 low

Ottawa 78 65 72 58 38 low

Fort Erie 20 19 18 ‐02 38 low

Sarnia 21 20 23 25 38 low

London 37 46 35 47 40 low

Greater Sudbury 83 63 49 ‐10 41 low

Port Colborne 27 30 22 15 43 low

Parry Sound NA NA 27 ‐50 45 low

St Thomas 21 31 30 23 45 low

Sault Ste Marie 73 63 62 22 45 low

Prince Edward County 58 42 44 50 46 low

Quinte West 35 41 31 28 46 low

Stratford 58 40 38 33 47 low

Kingston 59 13 48 37 47 low

Greenstone 23 22 19 34 47 low

Ingersoll 09 54 32 23 48 low

Welland 28 30 19 34 49 low

Tillsonburg 36 33 26 15 50 low

Socio Economic Indicators 39

Municipal Study 2018

Unweighted AssessmentmdashTrend (contrsquod)

Socio Economic Indicators

2013 ‐

2014 2014 ‐

2015 2015 ‐

2016 2016 ‐

2017 2017 ‐

2018

Ranking 2017 ‐ 2018

Cambridge 41 38 37 43 51 mid

Kenora 67 65 61 38 51 mid

St Catharines 32 28 24 27 51 mid

Kitchener 55 61 53 53 53 mid

Central Elgin NA NA NA 36 54 mid

Collingwood NA 36 39 46 56 mid

Kincardine NA NA 54 20 56 mid

Cornwall 106 64 67 ‐14 57 mid

Strathroy‐Caradoc NA 45 42 62 57 mid

Orill ia 27 26 23 30 57 mid

Wilmot 56 53 52 49 58 mid

Erin NA NA 49 48 59 mid

Brock 37 41 37 49 59 mid

Thunder Bay 72 71 75 56 61 mid

Brantford NA NA NA NA 61 mid

Thorold 36 37 39 34 62 mid

Grey Highlands NA 69 64 37 63 mid

Orangevil le 43 41 43 46 64 mid

Lambton Shores 64 57 57 53 65 mid

Wainfleet 31 28 29 63 65 mid

Woolwich 48 53 42 64 65 mid

Pelham 34 33 40 43 65 mid

Centre Wellington NA NA 48 59 66 mid

North Dumfries 38 36 39 60 67 mid

Mississauga 57 55 51 66 67 mid

Barrie 30 33 28 75 67 mid

Guelph 43 64 38 86 67 mid

Chatham‐Kent NA NA 48 53 68 mid

Puslinch NA NA 43 20 71 mid

Guelph‐Eramosa NA NA 46 62 72 mid

Halton Hills 85 62 48 64 72 mid

Minto NA NA 46 75 73 mid

Hamilton 43 45 48 63 73 mid

Haldimand NA NA NA 51 73 mid

40

Municipal Study 2018

Unweighted AssessmentmdashTrend (contrsquod)

41Socio Economic Indicators

Lincoln 39 45 37 52 76

Middlesex Centre 73 74 66 66 78

Burlington 54 62 53 69 78

Waterloo 66 60 58 56 81

Caledon 74 71 63 73 84

Toronto 65 67 67 88 87

Grimsby 32 48 43 79 88

Brampton 77 74 73 84 88

Wellesley 65 58 50 87 89

Niagara‐on‐the‐Lake 58 97 64 74 90

Wellington North NA NA 55 93 91

Vaughan 77 75 63 90 91

Whitby 51 43 41 96 92

Clarington 73 47 44 86 93

Georgina 49 46 51 87 98

Milton 85 91 76 76 98

Oakville 68 77 69 75 100

Oshawa 38 32 38 106 102

West Lincoln 49 36 45 94 102

Newmarket 80 63 56 93 104

Whitchurch‐Stouffvil le 84 66 57 104 106

Markham 93 85 79 115 106

King 117 103 101 84 107

Mapleton NA NA 84 115 109

Niagara Falls 37 72 50 ‐09 112

Aurora 76 73 88 115 115

Richmond Hill 87 81 75 130 117

North Middlesex NA NA NA 126 118

Springwater 40 48 44 63 121

North Perth NA NA NA 126 122

Innisfil 49 47 61 80 125

Pickering 58 45 46 38 137

East Gwillimbury 88 55 46 134 159

Average 53 50 47 51 67

Median 51 48 46 52 64

2013 ‐

2014 2014 ‐

2015

2015 ‐2016

2016 ‐

2017

2017 ‐

2018

Ranking 2017 ‐ 2018

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐2018)

3

Eastern

Brockvil le 47 36 62 ‐25 15 low

Peterborough 33 29 30 45 30 low

Bellevil le 33 39 29 15 36 low

Ottawa 78 65 72 58 38 low

Prince Edward County 58 42 44 50 46 low

Quinte West 35 41 31 28 46 low

Kingston 59 13 48 37 47 low

Cornwall 106 64 67 ‐14 57 mid

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

Ranking 2017 ‐ 2018

Average 56 41 48 24 39

Median 53 40 46 33 42

2

NiagaraHamilton

Fort Erie 20 19 18 ‐02 38 low

Port Colborne 27 30 22 15 43 low

Welland 28 30 19 34 49 low

St Catharines 32 28 24 27 51 mid

Thorold 36 37 39 34 62 mid

Wainfleet 31 28 29 63 65 mid

Pelham 34 33 40 43 65 mid

Hamilton 43 45 48 63 73 mid

Lincoln 39 45 37 52 76 high

Grimsby 32 48 43 79 88 high

Niagara‐on‐the‐Lake 58 97 64 74 90 high

West Lincoln 49 36 45 94 102 high

Niagara Falls 37 72 50 ‐09 112 high

Ranking 2017 ‐ 2018

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

Average 36 42 37 44 70

Median 34 36 39 43 65

Socio Economic Indicators 42

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐2018) (contrsquod)

1

GTA

Brock

Mississauga

Halton Hills

Burlington

Caledon

Toronto

Brampton

Vaughan

Whitby

Clarington

Georgina

Milton

Oakville

Oshawa

Newmarket

Whitchurch‐Stouffvil le

Markham

King

Aurora

Richmond Hill

Pickering

East Gwill imbury

Average

Median

37

57

85

54

74

65

77

77

51

56

49

85

68

38

80

84

93

117

76

87

58

88

71

75

2013 ‐2014

41

55

62

62

71

67

74

75

43

47

46

91

77

32

63

66

85

103

73

81

45

55

64

65

2014 ‐2015

37

51

48

53

63

67

73

63

41

44

51

76

69

38

56

57

79

101

88

75

46

46

60

57

2015 ‐2016

49

66

64

69

73

88

84

90

96

86

87

76

75

106

93

104

115

84

115

130

38

134

87

86

2016 ‐2017

59 mid

67 mid

72 mid

78 high

84 high

87 high

88 high

91 high

92 high

93 high

98 high

98 high

100 high

102 high

104 high

106 high

106 high

107 high

115 high

117 high

137 high

159 high

98

98

2017 ‐2018

Ranking 2017 ‐ 2018

Socio Economic Indicators 43

‐ ‐ ‐ ‐ ‐

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐18) (contrsquod)

5

Southwest

2013

2014 2014 2015

2015

2016 2016

2017 2017

2018 Ranking 2017 2018

Meaford 56 52 45 04 03 low

Owen Sound 33 25 20 ‐09 14 low

St Marys NA NA 30 31 27 low

Windsor 14 12 14 29 27 low

Brant 59 52 59 63 31 low

Saugeen Shores 59 60 51 ‐03 36 low

Sarnia 21 20 23 25 38 low

London 37 46 35 47 40 low

St Thomas 21 31 30 23 45 low

Stratford 58 40 38 33 47 low

Ingersoll 09 54 32 23 48 low

Tillsonburg 36 33 26 15 50 low

Cambridge 41 38 37 43 51 mid

Kitchener 55 61 53 53 53 mid

Central Elgin NA NA NA 36 54 mid

Kincardine NA NA 54 20 56 mid

Strathroy‐Caradoc NA 45 42 62 57 mid

Wilmot 56 53 52 49 58 mid

Erin NA NA 49 48 59 mid

Brantford NA NA NA NA 61 mid

Grey Highlands NA 69 64 37 63 mid

Lambton Shores 64 57 57 53 65 mid

Woolwich 48 53 42 64 65 mid

Centre Wellington NA NA 48 59 66 mid

North Dumfries 38 36 39 60 67 mid

Guelph 43 64 38 86 67 mid

Chatham‐Kent NA NA 48 53 68 mid

Puslinch NA NA 43 20 71 mid

Guelph‐Eramosa NA NA 46 62 72 mid

Minto NA NA 46 75 73 mid

Haldimand NA NA NA 51 73 mid

Middlesex Centre 73 74 66 66 78

Waterloo 66 60 58 56 81

Wellesley 65 58 50 87 89

Wellington North NA NA 55 93 91

Mapleton NA NA 84 115 109

North Middlesex NA NA NA 126 118

North Perth NA NA NA 126 122

Average 45 48 45 51 60

Median 48 52 46 51 60

high

high

high

high

high

high

high

Socio Economic Indicators 44

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐18) (contrsquod)

4

North

North Bay 61 49 51 ‐11 23 low

Elliot Lake NA 51 47 ‐10 23 low

Timmins 71 65 58 ‐10 29 low

Greater Sudbury 83 63 49 ‐10 41 low

Parry Sound NA NA 27 ‐50 45 low

Sault Ste Marie 73 63 62 22 45 low

Greenstone 23 22 19 34 47 low

Kenora 67 65 61 38 51 mid

Thunder Bay 72 71 75 56 61 mid

Ranking 2017 ‐ 2018

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

6

SimcoeMuskDuff

Bracebridge 29 25 26 09 30 low

Gravenhurst 27 31 30 17 33 low

Huntsvil le 22 28 24 14 37 low

Collingwood NA 36 39 46 56 mid

Orill ia 27 26 23 30 57 mid

Orangevil le 43 41 43 46 64 mid

Barrie 30 33 28 75 67 mid

Springwater 40 48 44 63 121 high

Innisfi l 49 47 61 80 125 high

Ranking 2017 ‐ 2018

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

Average 64 56 50 07 41

Median 71 63 51 ‐10 45

Average 33 35 35 42 65

Median 29 33 30 46 57

Socio Economic Indicators 45

Municipal Study 2018

2018 Unweighted Assessment Composition (Sorted Alphabetically)

Municipality Residential Multi‐

Residential Commercial Industrial Pipelines Farmlands Forests

Aurora 876 09 95 18 01 01 00

Bancroft 746 46 181 07 00 05 15

Barrie 764 41 170 21 02 02 00

Belleville 708 55 192 27 04 14 00

Bracebridge 877 14 87 11 05 01 05

Brampton 809 19 135 33 02 02 00

Brant 702 04 49 40 04 200 01

Brantford 757 43 150 43 02 04 00

Brock 754 08 40 10 02 182 03

Brockton 571 19 57 07 02 341 02

Brockville 761 65 145 25 04 00 00

Burlington 789 37 140 27 02 04 00

Caledon 793 02 105 35 01 57 07

Cambridge 752 44 149 51 02 03 00

Central Elgin 732 01 36 05 03 220 01

Centre Wellington 774 10 51 16 02 145 02

Chatham‐Kent 508 14 70 15 08 384 00

Clarington 858 09 67 21 04 39 02

Collingwood 842 18 122 16 01 01 00

Cornwall 684 55 236 20 03 02 00

East Gwillimbury 867 03 68 12 02 46 02

Elliot Lake 805 76 105 06 08 00 00

Erin 804 02 32 12 01 144 06

Espanola 836 16 111 30 05 01 02

Fort Erie 885 11 72 13 04 15 00

Georgina 903 12 55 03 02 25 01

Gravenhurst 908 09 71 03 07 01 02

Greater Sudbury 801 40 130 23 03 01 00

Greenstone 264 06 159 11 559 00 00

Grey Highlands 703 03 23 22 01 235 14

Grimsby 884 07 78 11 02 18 00

Guelph 786 46 124 42 02 00 00

Guelph‐Eramosa 757 02 42 11 02 184 01

Haldimand 739 07 46 27 11 169 01

Halton Hills 834 09 94 30 01 30 01

Hamilton 820 41 100 16 04 19 00

Socio Economic Indicators 46

Municipal Study 2018

2018 Unweighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Municipality Residential Multi‐

Residential Commercial Industrial Pipelines Farmlands Forests

Huntsville 860 09 104 12 09 01 05

Ingersoll 810 19 101 66 03 01 00

Innisfil 871 02 64 08 04 51 01

Kenora 823 17 119 21 20 01 00

Kincardine 628 09 104 46 00 212 02

King 886 02 35 08 03 64 03

Kingston 764 80 138 11 03 04 00

Kitchener 794 67 124 14 00 01 00

Lambton Shores 715 07 55 07 02 213 00

Lincoln 775 06 61 28 05 124 00

London 815 37 124 12 02 09 00

Mapleton 415 01 18 19 05 540 03

Markham 848 10 123 16 01 02 00

Meaford 806 18 28 02 05 133 09

Middlesex Centre 594 03 28 03 31 340 01

Midland 758 40 168 29 02 02 00

Milton 819 07 115 35 05 18 02

Minto 608 05 66 23 02 295 01

Mississauga 727 37 198 37 01 00 00

Newmarket 840 15 122 21 01 00 00

Niagara Falls 695 27 256 11 04 07 00

Niagara‐on‐the‐Lake 747 03 147 09 03 89 00

Norfolk 700 07 57 12 06 215 04

North Bay 766 46 156 18 13 00 00

North Dumfries 702 02 87 54 42 111 01

North Middlesex 303 04 18 07 07 658 04

North Perth 441 06 57 19 02 475 00

North Stormont 494 04 26 05 02 468 02

Oakville 845 19 115 18 01 01 00

Orangeville 834 20 129 16 01 00 00

Orillia 755 55 171 16 02 00 00

Oshawa 792 58 125 19 02 04 00

Ottawa 756 54 170 10 02 08 00

Owen Sound 750 70 162 14 03 01 00

Parry Sound 727 37 222 11 02 01 00

Pelham 895 07 34 01 06 56 01

Socio Economic Indicators 47

Municipal Study 2018

2018 Unweighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Multi‐

Municipality Residential Residential Commercial Industrial Pipelines Farmlands Forests

Penetanguishene 895 22 59 20 03 01 01

Peterborough 783 73 129 13 02 01 00

Pickering 829 08 122 21 02 18 00

Port Colborne 829 21 73 43 05 28 00

Prince Edward County 847 14 46 06 01 84 02

Puslinch 791 01 78 48 03 73 06

Quinte West 767 26 146 16 08 37 01

Richmond Hill 892 12 83 12 01 01 00

Sarnia 774 39 125 32 07 23 00

Saugeen Shores 885 16 56 01 02 39 01

Sault Ste Marie 780 54 145 16 04 00 00

Springwater 842 02 36 09 06 99 05

St Catharines 789 51 136 14 02 08 00

St Marys 828 16 79 68 03 07 00

St Thomas 827 40 94 31 03 04 00

Stratford 792 46 123 32 02 04 00

Strathroy‐Caradoc 706 23 71 25 22 151 01

Tay 920 00 40 05 03 27 05

Thorold 803 47 82 33 11 23 00

Thunder Bay 791 40 153 13 03 00 00

Tillsonburg 824 33 100 35 03 06 00

Timmins 801 20 147 26 05 02 00

Tiny 945 02 12 01 03 31 05

Toronto 745 67 175 13 01 00 00

Vaughan 787 03 155 52 01 02 00

Wainfleet 813 00 20 04 05 156 01

Waterloo 746 94 137 20 01 00 00

Welland 854 37 85 15 04 04 00

Wellesley 595 01 24 44 02 332 02

Wellington North 524 11 54 23 02 384 02

West Lincoln 751 03 35 16 13 181 01

Whitby 860 21 97 16 02 04 00

Whitchurch‐Stouffville 888 06 65 17 01 22 02

Wilmot 786 08 40 11 03 150 01

Windsor 758 40 158 39 04 02 00

Woolwich 697 09 99 33 03 158 01

Average 766 23 99 20 09 80 01 Median 789 16 98 16 03 14 00 Min 264 00 12 01 00 00 00 Max 945 94 256 68 559 658 15

Socio Economic Indicators 48

Municipal Study 2018

Top 10 Municipalities With Highest Proportion of Unweighted Assessment Per Type of Assessment

Municipality Residential

Tiny 945

Tay 920

Gravenhurst 908

Georgina 903

Pelham 895

Penetanguishene 895

Richmond Hill 892

Whitchurch‐Stouffville 888

King 886

Saugeen Shores 885

Municipality Industrial

St Marys 68

Ingersoll 66

North Dumfries 54

Vaughan 52

Cambridge 51

Puslinch 48

Kincardine 46

Wellesley 44

Port Colborne 43

Brantford 43

Municipality Multi‐Residential

Waterloo 94

Kingston 80

Elliot Lake 76

Peterborough 73

Owen Sound 70

Toronto 67

Kitchener 67

Brockville 65

Oshawa 58

Orillia 55

Municipality Pipelines

Greenstone 559

North Dumfries 42

Middlesex Centre 31

Strathroy‐Caradoc 22

Kenora 20

West Lincoln 13

North Bay 13

Thorold 11

Haldimand 11

Huntsville 09

Municipality Commercial

Niagara Falls 256

Cornwall 236

Parry Sound 222

Mississauga 198

Belleville 192

Bancroft 181

Toronto 175

Orillia 171

Barrie 170

Ottawa 170

Municipality Farmlands

North Middlesex 658

Mapleton 540

North Perth 475

North Stormont 468

Chatham‐Kent 384

Wellington North 384

Brockton 341

Middlesex Centre 340

Wellesley 332

Minto 295

Socio Economic Indicators 49

Municipal Study 2018

2018 Weighted Assessment Composition (Sorted Alphabetically)

Municipality Residential Multi‐

Residential Commercial Industrial Pipelines Farmlands Forests

Aurora 855 09 112 23 01 00 00

Bancroft 740 52 195 08 00 01 04

Barrie 709 38 224 26 02 00 00

Belleville 556 102 286 49 04 03 00

Bracebridge 876 14 94 10 04 00 01

Brampton 761 30 163 44 02 00 00

Brant 735 07 96 103 07 50 00

Brantford 629 65 223 79 03 01 00

Brock 848 18 64 24 03 41 01

Brockton 751 25 92 16 02 112 01

Brockville 620 94 228 53 05 00 00

Burlington 698 65 179 55 02 01 00

Caledon 794 04 139 51 01 10 02

Cambridge 619 62 237 80 02 01 00

Central Elgin 846 03 69 14 05 64 00

Centre Wellington 817 20 79 40 04 38 00

Chatham‐Kent 633 36 172 40 12 106 00

Clarington 834 17 93 43 05 08 01

Collingwood 812 22 144 20 02 00 00

Cornwall 518 96 343 39 04 00 00

East Gwillimbury 883 03 83 17 01 12 01

Elliot Lake 715 135 138 07 05 00 00

Erin 872 04 51 30 02 39 02

Espanola 652 25 166 153 04 00 00

Fort Erie 826 20 113 31 06 04 00

Georgina 910 12 66 04 01 06 00

Gravenhurst 906 09 77 03 05 00 00

Greater Sudbury 651 61 207 75 05 00 00

Greenstone 270 12 227 28 463 00 00

Grey Highlands 836 05 35 49 01 70 04

Grimsby 831 12 124 26 03 04 00

Guelph 663 69 191 75 03 00 00

Guelph‐Eramosa 839 05 69 29 06 51 00

Haldimand 779 14 81 64 17 44 00

Halton Hills 789 17 128 59 01 06 00

Hamilton 691 86 165 48 07 03 00

Huntsville 858 09 112 13 06 00 01

Socio Economic Indicators 50

Municipal Study 2018

2018 Weighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Municipality Residential Multi

Residential Commercial Industrial Pipelines Farmlands Forests

Ingersoll 664 37 156 140 03 00 00

Innisfil 890 03 79 10 05 13 00

Kenora 695 22 214 44 25 00 00

Kincardine 700 10 142 89 00 59 00

King 923 02 44 11 03 17 01

Kingston 668 70 236 23 03 01 00

Kitchener 676 97 204 22 00 00 00

Lambton Shores 812 13 100 17 04 55 00

Lincoln 774 11 103 71 09 31 00

London 710 58 207 20 04 01 00

Mapleton 655 03 41 70 16 213 01

Markham 823 10 145 21 01 01 00

Meaford 885 28 39 04 05 36 03

Middlesex Centre 788 06 43 08 44 113 00

Midland 714 48 196 38 03 00 00

Milton 760 12 153 66 05 03 00

Minto 716 11 115 64 06 87 00

Mississauga 645 47 256 51 01 00 00

Newmarket 811 15 144 29 01 00 00

Niagara Falls 571 43 356 23 05 01 00

Niagara‐on‐the‐Lake 708 06 239 20 06 21 00

Norfolk 787 14 107 22 10 60 01

North Bay 642 80 244 21 12 00 00

North Dumfries 666 05 159 97 47 26 00

North Middlesex 590 12 39 22 15 321 02

North Perth 648 15 104 52 05 175 00

North Stormont 740 06 60 15 04 175 01

Oakville 776 35 151 36 01 00 00

Orangeville 779 45 146 30 01 00 00

Orillia 637 66 269 22 06 00 00

Oshawa 706 96 160 35 02 01 00

Ottawa 640 63 275 19 03 01 00

Owen Sound 616 104 248 24 07 00 00

Parry Sound 626 47 312 13 02 00 00

Pelham 900 14 59 03 11 14 00

Penetanguishene 871 27 71 27 04 00 00

Peterborough 690 116 173 19 02 00 00

Socio Economic Indicators 51

Municipal Study 2018

2018 Weighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Multi‐

Municipality Residential Residential Commercial Industrial Pipelines Farmlands Forests

Pickering 775 14 164 41 02 03 00

Port Colborne 739 37 112 96 08 06 00

Prince Edward County 893 21 53 09 01 22 00

Puslinch 753 02 111 110 06 17 01

Quinte West 700 48 202 34 07 08 00

Richmond Hill 873 12 99 15 01 00 00

Sarnia 669 67 186 66 08 04 00

Saugeen Shores 900 16 70 02 02 10 00

Sault Ste Marie 608 46 253 85 06 00 00

Springwater 901 02 47 13 09 26 01

St Catharines 680 83 202 30 03 02 00

St Marys 726 15 106 147 05 02 00

St Thomas 698 79 154 65 03 01 00

Stratford 651 74 200 70 03 01 00

Strathroy‐Caradoc 757 44 86 47 25 41 00

Tay 933 00 48 07 04 07 01

Thorold 722 58 126 71 17 05 00

Thunder Bay 634 75 258 25 07 00 00

Tillsonburg 695 65 159 76 03 01 00

Timmins 663 29 246 52 09 00 00

Tiny 966 03 16 02 04 08 01

Toronto 517 114 343 25 01 00 00

Vaughan 747 03 178 70 01 00 00

Wainfleet 898 01 37 11 10 43 00

Waterloo 630 112 223 32 01 00 00

Welland 764 64 129 35 07 01 00

Wellesley 729 03 58 105 03 102 00

Wellington North 671 27 103 70 07 123 01

West Lincoln 810 07 64 44 25 49 00

Whitby 801 36 130 30 02 01 00

Whitchurch‐Stouffville 889 06 76 22 01 05 00

Wilmot 835 16 82 23 04 40 00

Windsor 601 63 248 82 06 00 00

Woolwich 690 14 190 63 04 39 00

Average 741 35 146 42 10 25 00 Median 737 21 141 31 04 03 00 Min 270 00 16 02 00 00 00 Max 966 135 356 153 463 321 04

Socio Economic Indicators 52

Municipal Study 2018

2018 Shift In Tax BurdenmdashUnweighted to Weighted Residential Assessment

As shown in the table tax ratios typically shift the burden from residential to non‐residential properties

Approximately 64 of the municipalities surveyed have a decrease in tax burden on the Residential class as a result of tax ratios for non‐residential classes greater than 10 The implementation of tax ratios to the assessment base for municipalities with a larger proportion of farmland and managed forest results in an increase in the residential burden

Municipality

Residential Unweighted Assessment

Residential Weighted Assessment

Change Unweighted to Weighted Municipality

Residential Unweighted Assessment

Residential Weighted Assessment

Change Unweighted to Weighted

Toronto 745 517 ‐306 Oshawa 792 706 ‐110

Cornwall 684 518 ‐243 Port Colborne 829 739 ‐108

Sault Ste Marie 780 608 ‐220 Welland 854 764 ‐106

Espanola 836 652 ‐220 Thorold 803 722 ‐101

Belleville 708 556 ‐214 Quinte West 767 700 ‐87

Windsor 758 601 ‐207 Oakville 845 776 ‐82

Thunder Bay 791 634 ‐198 Milton 819 760 ‐73

Greater Sudbury 801 651 ‐187 Barrie 764 709 ‐71

Brockville 761 620 ‐185 Whitby 860 801 ‐69

Ingersoll 810 664 ‐181 Fort Erie 885 826 ‐67

Niagara Falls 695 571 ‐179 Orangeville 834 779 ‐67

Owen Sound 750 616 ‐178 Pickering 829 775 ‐65

Stratford 792 651 ‐177 Grimsby 884 831 ‐60

Cambridge 752 619 ‐177 Brampton 809 761 ‐59

Timmins 801 663 ‐172 Midland 758 714 ‐58

Brantford 757 629 ‐169 Halton Hills 834 789 ‐55

North Bay 766 642 ‐162 Niagara‐on‐the‐Lake 747 708 ‐53

Hamilton 820 691 ‐158 North Dumfries 702 666 ‐51

Guelph 786 663 ‐157 Vaughan 787 747 ‐50

Tillsonburg 824 695 ‐157 Puslinch 791 753 ‐48

St Thomas 827 698 ‐157 Collingwood 842 812 ‐36

Waterloo 746 630 ‐156 Newmarket 840 811 ‐35

Orillia 755 637 ‐156 Markham 848 823 ‐29

Kenora 823 695 ‐156 Clarington 858 834 ‐28

Ottawa 756 640 ‐154 Penetanguishene 895 871 ‐27

Kitchener 794 676 ‐148 Aurora 876 855 ‐24

Parry Sound 727 626 ‐139 Richmond Hill 892 873 ‐21

St Catharines 789 680 ‐138 Woolwich 697 690 ‐10

Sarnia 774 669 ‐135 Bancroft 746 740 ‐08

London 815 710 ‐129 Huntsville 860 858 ‐03

Kingston 764 668 ‐126 Gravenhurst 908 906 ‐02

St Marys 828 726 ‐123 Lincoln 775 774 ‐02

Peterborough 783 690 ‐119 Bracebridge 877 876 ‐02

Burlington 789 698 ‐115 Whitchurch‐Stouffville 888 889 01

Mississauga 727 645 ‐113

Elliot Lake 805 715 ‐112

Caledon 793 794 01

Pelham 895 900 05

Socio Economic Indicators 53

Municipal Study 2018

2018 Shift In Tax BurdenmdashUnweighted to Weighted Residential Assessment (contrsquod)

Municipality

Residential

Unweighted Assessment

Residential Weighted Assessment

Change Unweighted to Weighted

Georgina 903 910 08

Tay 920 933 14

Saugeen Shores 885 900 17

East Gwillimbury 867 883 19

Greenstone 264 270 21

Innisfil 871 890 22

Tiny 945 966 23

King 886 923 42

Brant 702 735 47

Haldimand 739 779 54

Prince Edward County 847 893 55

Centre Wellington 774 817 56

Wilmot 786 835 62

Springwater 842 901 69

Strathroy‐Caradoc 706 757 73

West Lincoln 751 810 79

Erin 804 872 84

Meaford 806 885 98

Wainfleet 813 898 104

Guelph‐Eramosa 757 839 108

Kincardine 628 700 115

Norfolk 700 787 124

Brock 754 848 125

Lambton Shores 715 812 136

Central Elgin 732 846 155

Minto 608 716 178

Grey Highlands 703 836 190

Wellesley 595 729 226

Chatham‐Kent 508 633 248

Wellington North 524 671 279

Brockton 571 751 315

Middlesex Centre 594 788 326

North Perth 441 648 471

North Stormont 494 740 497

Mapleton 415 655 577

North Middlesex 303 590 947

Average 766 741 ‐16 Median 789 737 ‐51 Min 264 270 ‐306 Max 945 966 947

Socio Economic Indicators 54

Municipal Study 2018

Residential Property Types Summary

Residential properties were broken down by the main property types to provide an indication of the housing mix and the median assessment values in each of the area

(000rsquos)

Area Single Family Detached

Home Link

Freehold Town

Semi Detached

Single on Water

Condo Seasonal

Weighted Median Assessed

Values

Total Average 357$ 300 $ 285 $ 253 $ 673 $ 228 $ 405 $ 342 $

Total Median 281$ 256 $ 264 $ 208 $ 550 $ 216 $ 362 $ 306 $

GTA Average 636 $ 452 $ 424 $ 422 $ $ 1181 322 $ 506 $ 556 $

GTA Median 600 $ 450 $ 410 $ 426 $ 718 $ 321 $ 486 $ 538 $

NiagaraHamilton Average 305 $ 270 $ 280 $ 214 $ 598 $ 208 $ 449 $ 299 $

NiagaraHamilton Median 279 $ 278 $ 277 $ 202 $ 538 $ 204 $ 510 $ 309 $

Eastern Average 252 $ 236 $ 234 $ 189 $ 449 $ 202 $ 264 $ 248 $

Eastern Median 224 $ 238 $ 227 $ 169 $ 343 $ 203 $ 242 $ 220 $

North Average 180$ 184 $ 163 $ 134 $ 330 $ 184 $ 233 $ 185 $

North Median 197 $ 192 $ 168 $ 130 $ 303 $ 196 $ 200 $ 203 $

Southwest Average 308 $ 240 $ 231 $ 227 $ 627 $ 190 $ 401 $ 301 $

Southwest Median 264 $ 221 $ 231 $ 198 $ 551 $ 184 $ 362 $ 272 $

SimcoeMuskDuff Average 293 $ 238 $ 271 $ 214 $ 661 $ 244 $ 581 $ 330 $

SimcoeMuskDuff Median 272 $ 230 $ 266 $ 200 $ 655 $ 244 $ 528 $ 326 $

The weighted median assessed value for residential properties range from an average of $185000 in northern municipalities to $556000 in the GTA

Socio Economic Indicators 55

Municipal Study 2018

Building Construction Activity (sorted from lowest to highest 2017 activity per capita)

The table summarizes the 2017 residential and non‐residential building permit values in each area

municipality To put these values into context the building permit value per capita is also summarized to get an appreciation of the relative building activity in each municipality The chart is sorted from lowest to highest based on building permit value per capita for 2017

Non Res 2017 per Municipality Res 2017 2017 Capita

East Gwillimbury 98 2 223 $

Chatham‐Kent 94 6 374 $

Greenstone 76 24 482 $

Elliot Lake 78 22 486 $

Cornwall 52 48 621 $

Espanola 68 32 814 $

Georgina 87 13 1174 $

Haldimand 0 100 1175 $

Thunder Bay 32 68 1280 $

Bancroft 57 43 1285 $

Timmins 22 78 1287 $

Sault Ste Marie 37 63 1365 $

St Catharines NA NA 1411 $

Port Colborne 82 18 1447 $

Grimsby 82 18 1451 $

Sarnia 40 60 1454 $

Whitby 52 48 1459 $

Tillsonburg 84 16 1476 $

Parry Sound 73 27 1506 $

Windsor 39 61 1549 $

Hamilton 64 36 1550 $

North Bay 36 64 1603 $

Kenora 58 42 1625 $

Mississauga 41 59 1636 $

Markham 41 59 1644 $

Richmond Hill 0 0 1756 $

Peterborough 53 47 1758 $

Brockton 0 100 1776 $

Mapleton 57 43 1857 $

Owen Sound 33 67 1966 $

Brantford 53 47 1968 $

Kitchener 66 34 2004 $

Norfolk 65 35 2087 $

Brant 53 47 2133 $

Ingersoll 91 9 2144 $

Brampton 88 12 2231 $

Non Res 2017 per Municipality Res 2017 2017 Capita

Greater Sudbury 25 75 2279 $

Belleville 0 100 2290 $

Caledon 75 25 2298 $

Lincoln 61 39 2309 $

St Marys NA NA 2366 $

North Stormont 71 29 2392 $

Guelph‐Eramosa 78 22 2444 $

St Thomas 80 20 2550 $

Orillia 77 23 2560 $

Penetanguishene 98 2 2601 $

Stratford 50 50 2646 $

Quinte West 76 24 2684 $

Whitchurch‐Stouffville 78 22 2695 $

Ottawa 66 34 2723 $

Wainfleet 80 20 2724 $

Fort Erie 70 30 2731 $

London 74 26 2763 $

North Middlesex 23 77 2790 $

Barrie 68 32 2826 $

Wellesley 37 63 2834 $

Cambridge 44 56 2838 $

Waterloo 69 31 2860 $

Bracebridge 43 57 2879 $

Welland 39 61 2942 $

Newmarket 70 30 2943 $

Wellington North 29 71 3001 $

Wilmot 60 40 3030 $

Burlington 60 40 3031 $

Tay 95 5 3043 $

Guelph 57 43 3066 $

Strathroy‐Caradoc 100 0 3072 $

Pickering NA NA 3085 $

Kingston 31 69 3105 $

Woolwich 52 48 3109 $

Minto 59 41 3140 $

Orangeville 40 60 3232 $

Socio Economic Indicators 56

Municipal Study 2018

Building Construction Activity (sorted from lowest to highest 2017 activity per capita) (contrsquod)

Municipality Res 2017 Non Res 2017

2017 per Capita

Erin

Tiny

Oshawa

Meaford

Huntsville

Clarington

Lambton Shores

Middlesex Centre

Grey Highlands

Brockville

Thorold

Collingwood

North Dumfries

Centre Wellington

Toronto

Kincardine

Saugeen Shores

Brock

Gravenhurst

West Lincoln

Halton Hills

Vaughan

Pelham

North Perth

Oakville

Puslinch

Niagara‐on‐the‐Lake

Innisfil

Springwater

King

Milton

78

100

NA

66

85

87

66

72

54

6

96

94

51

78

45

39

93

92

92

36

46

48

87

53

74

95

50

89

90

18

78

22

0

NA

34

15

13

34

28

46

94

4

6

49

22

55

61

7

8

8

64

54

52

13

47

26

5

50

11

10

82

22

3233 $

3570 $

3612 $

3822 $

3833 $

3835 $

4197 $

4246 $

4431 $

4443 $

4554 $

4567 $

4573 $

4646 $

4957 $

5155 $

5209 $

5278 $

5279 $

5544 $

5633 $

5705 $

5788 $

5842 $

5984 $

6175 $

6989 $

6997 $

7164 $

7317 $

7857 $

Average

Median

58

60

36

34

3033 $

2731 $

Socio Economic Indicators 57

Municipal Study 2018

Building Construction Activity Trend (Grouped by Location) Eastern

Municipality 2015 2016 2017

Cornwall 37426 $ 16405 $ 30149 $ 585 $

Bancroft 4537 $ 5644 $ 5186 $ 1269 $

Peterborough 108954 $ 108954 $ 149806 $ 1470 $

Brockville 13202 $ 17010 $ 97688 $ 1943 $

Belleville 63472 $ 121538 $ 122013 $ 1975 $

Kingston 160298 $ 218600 $ 400313 $ 2030 $

North Stormont 12129 $ 18723 $ 17196 $ 2228 $

Ottawa 2138273 $ 2646159 $ 2705350 $ 2590 $

Quinte West 113611 $ 141395 $ 122200 $ 2827 $

Prince Edward County 77834 $ 83204 $ NA 3194 $

Eastern Average 294656 $ 366048 $ 405545 $ 1880 $

Eastern Median 63472 $ 108954 $ 122013 $ 1975 $

Building Construction Value (000s)

3 Year Per Capita Avg

GTA Municipality 2015 2016 2017

East Gwillimbury 71000 $ NA 5706 $ 1578 $

Whitby 173069 $ 280107 $ 198721 $ 1643 $

Mississauga 1285935 $ 1455510 $ 1262657 $ 1775 $

Richmond Hill 284097 $ 613200 $ 363325 $ 2084 $

Markham 818093 $ 883308 $ 582098 $ 2234 $

Georgina 150765 $ 104777 $ 56405 $ 2263 $

Pickering 141842 $ 210728 $ 298448 $ 2290 $

Whitchurch‐Stouffville 80000 $ 140000 $ 139000 $ 2440 $

Brock 15712 $ 16485 $ 64569 $ 2700 $

Burlington 525815 $ 431921 $ 587588 $ 2720 $

Newmarket 275695 $ 262628 $ 263195 $ 3080 $

Brampton 2731791 $ 1961496 $ 1447772 $ 3314 $

Oshawa 558703 $ 454975 $ 614344 $ 3319 $

Toronto 7134639 $ 10297233 $ 14329509 $ 3766 $

Clarington 361916 $ 340630 $ 379537 $ 3818 $

Halton Hills 147541 $ 248173 $ 363426 $ 4003 $

Caledon 421729 $ 262630 $ 166235 $ 4315 $

Vaughan 1405075 $ 1148939 $ 1908214 $ 4526 $

Aurora 276058 $ 278362 $ NA 4836 $

Oakville 825811 $ 913947 $ 1235513 $ 4932 $

Milton 334740 $ 596372 $ 938908 $ 5494 $

King 254374 $ 334595 $ 202693 $ 11076 $

GTA Average 830655 $ 1011239 $ 1209898 $ 3555 $

GTA Median 309418 $ 340630 $ 363426 $ 3197 $

Building Construction Value (000s) 3 Year Per Capita Avg

Socio Economic Indicators 58

Municipal Study 2018

Building Construction Activity Trend (contrsquod) (Grouped by Location) NiagaraHamilton Municipality 2015 2016 2017

Building Construction Value (000 s) 3 Year Per Capita Avg

St Catharines

Hamilton

Port Colborne

Lincoln

Welland

Grimsby

Wainfleet

Fort Erie

Niagara Falls

Thorold

West Lincoln

Pelham

Niagara‐on‐the‐Lake

$

$

$

$

$

$

$

$

$

$

$

$

$

114141 149549 $ 196370 $

722412 613665 $ 876475 $

18130 32494 $ 27480 $

31382 40333 $ 58422 $

70323 81772 $ 162077 $

38517 120100 $ 42479 $

15495 15687 $ 18069 $

74083 94804 $ 88075 $

215200 279671 $ NA

40898 55860 $ 90748 $

83334 50382 $ 85170 $

33367 126873 $ 104245 $

126932 NA 133956 $

1128 $

1339 $

1396 $

1777 $

1951 $

2423 $

2543 $

2742 $

2842 $

3259 $

4890 $

5041 $

7350 $

NiagaraHamilton Avg

NiagaraHamilton Med

$

$

121863 138433 $ 156964 $

70323 88288 $ 89412 $

2975 $

2543 $

North Municipality 2015 2016 2017

Building Construction Value (000 s) 3 Year Per Capita Avg

Elliot Lake

Greenstone

Timmins

Espanola

Thunder Bay

Sault Ste Marie

North Bay

Parry Sound

Kenora

Greater Sudbury

$

$

$

$

$

$

$

$

$

$

10010 5976 $ 5313 $

3716 4058 $ 2306 $

45103 32653 $ 55231 $

6226 6860 $ 4112 $

157549 93789 $ 143390 $

125556 75822 $ 103149 $

66006 76258 $ 84620 $

8045 12431 $ 10173 $

20236 32201 $ 25352 $

237362 254506 $ 384024 $

638 $

715 $

1028 $

1098 $

1191 $

1341 $

1429 $

1551 $

1677 $

1760 $

North Average

North Median

SimcoeMuskDuff Municipality

$

$

67981 59456 $ 81767 $

32670 32427 $ 40292 $

2015 2016 2017 Building Construction Value (000 s)

1243 $

1266 $

3 Year Per Capita Avg

Barrie

Midland

Penetanguishene

Bracebridge

Tay

Orangeville

Tiny

Orillia

Huntsville

Collingwood

Gravenhurst

Innisfil

Springwater

$

$

$

$

$

$

$

$

$

$

$

$

198452 151050 $ 422093 $

15435 48610 $ NA

8779 21372 $ 24087 $

24677 31752 $ 48659 $

8114 31324 $ 32139 $

NA 66469 $ 98403 $

24944 36816 $ 44613 $

47585 167310 $ 83595 $

64944 80513 $ 80226 $

36760 106381 $ 108753 $

36867 40225 $ 69127 $

123878 158593 $ 278101 $

106828 133712 $ 144558 $

1754 $

1813 $

1952 $

2147 $

2259 $

2766 $

2838 $

3144 $

3705 $

3722 $

3838 $

4941 $

6570 $

SimcoeMuskDuff Av

SimcoeMuskDuff M

$

$

58105 82625 $ 119529 $

36814 66469 $ 81910 $

3188 $

2838 $

Socio Economic Indicators 59

Municipal Study 2018

Building Construction Activity Trend (contrsquod) (Grouped by Location) Southwest Municipality

Chatham‐Kent

Owen Sound

Sarnia

Windsor

Brantford

Tillsonburg

Haldimand

Norfolk

Central Elgin

Ingersoll

Brockton

St Marys

Brant

Meaford

Wilmot

Strathroy‐Caradoc

Cambridge

Wellington North

St Thomas

Kitchener

North Middlesex

Stratford

Woolwich

Erin

London

Minto

Guelph‐Eramosa

Middlesex Centre

Wellesley

Guelph

Mapleton

Lambton Shores

Saugeen Shores

Grey Highlands

Waterloo

North Dumfries

Centre Wellington

North Perth

Kincardine

Puslinch

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

2015 2016 2017

85229 26626 $ 39186 $

24945 15350 $ 43365 $

73574 103399 $ 107784 $

294220 317281 $ 354014 $

103685 184084 $ 202748 $

19570 35819 $ 24726 $

90517 91619 $ 56097 $

94216 109958 $ 139762 $

15447 28752 $ NA

15784 25444 $ 29010 $

17861 18023 $ 17500 $

12395 14205 $ 18506 $

85858 72248 $ 82372 $

12270 18152 $ 43521 $

35146 39777 $ 66481 $

37498 38239 $ 66530 $

169299 356417 $ 387236 $

18509 30497 $ 37736 $

125821 60878 $ 104249 $

565081 739739 $ 498219 $

11844 20377 $ 18089 $

80627 85170 $ 87198 $

56640 70121 $ 83376 $

27464 30580 $ 39400 $

708800 1410120 $ 1123805 $

23854 21292 $ 28762 $

39893 40780 $ 33167 $

48749 46806 $ 77635 $

48246 34777 $ 33855 $

500014 463247 $ 433798 $

57602 34254 $ 20755 $

30581 38932 $ 46370 $

36987 43620 $ 76696 $

40402 25731 $ 45711 $

340127 529025 $ 319979 $

24265 49783 $ 50355 $

96634 151126 $ 139196 $

43089 61682 $ 81008 $

77331 26981 $ 61522 $

31828 44020 $ 47920 $

Building Construction Value (000s)

488 $

1270 $

1293 $

1466 $

1587 $

1650 $

1721 $

1723 $

1730 $

1792 $

1806 $

2043 $

2129 $

2180 $

2199 $

2234 $

2278 $

2367 $

2411 $

2521 $

2584 $

2624 $

2674 $

2718 $

2756 $

2809 $

2899 $

3240 $

3341 $

3472 $

3557 $

3584 $

3692 $

3726 $

3740 $

3975 $

4490 $

4591 $

4756 $

5475 $

3 Year Per Capita Avg

Southwest Average

Southwest Median

$

$

107438 141305 $ 134729 $

48246 40780 $ 64002 $

2618 $

2521 $

Socio Economic Indicators 60

Municipal Study 2018

Summarymdash3 Year Average Building Construction Activity Per Capita (2015 2016 2017) mdash Total Survey by Location

GTA

SimcoeMuskDuff

NiagaraHamilton

Southwest

Eastern

North

Socio Economic Indicators 61

Municipal Study 2018

Financial Indicators

Municipal Financial Indicators 62

Municipal Study 2018

Financial Sustainability Indicators

As described by the Canadian Institute of Chartered Accountants (CICA) the intent of providing an evaluation of a municipalityrsquos financial condition is to evaluate a municipalityrsquos financial outlook and performance This will help form the foundation for the establishment of a long range financial plan

KeyKey fifinancinanciaall andand socisocioo‐‐ececonomiconomic iindicatorsndicators have been included to help evaluate each municipalityrsquos existing financial condition and to identify future challenges and opportunities Industry recognized indicators that are used by credit rating agencies andor recommended by Government Finance Officersrsquo

Association (GFOA) and the Ministry of Municipal Affairs and Housing have been included A number of indicators have been included

Sustainability

The ability to provide and maintain service and infrastructure levels without resorting to unplanned increases in rates or cuts to

services

Vulnerability

Addresses a municipalityrsquos

vulnerability to external sources of funding that it cannot control and its exposure to risks

Flexibility

The ability to issue debt responsibly without

impacting the credit rating Also the ability to generate required revenues

ldquoThe usefulness of indicators is not in the numbers themselves but the analysis of what is driving the indicator It may therefore be more useful to consider the combined results of several broad indicators in assessing performance rather than any one indicator on its ownrdquo

Source Local Government Financial Sustainability Nationally Consistent Frameworks published by

Local Government and Planning Ministersrsquo Council (Australia) May 2007

Municipal Financial Indicators 63

Municipal Study 2018

Net Financial Position Indicators

Financial position is a key indicator of a municipalityrsquos financial health Two key financial position indicators have been included to illustrate a municipalityrsquos financial position The net financial position is a broader measure of a municipalityrsquos indebtedness than debenture debt as it includes all of a municipalityrsquos financial assets and liabilities Net Financial Liabilities Ratio is total liabilities minus assets as a percentage of own source revenues This ratio indicates the extent to which financial liabilities could be met by its operating revenue A ratio greater than zero indicates that total liabilities exceed the total assets

Formula

Schedule 70 in the Financial Information Return is used in these calculations of Financial Position as well

as Own Source Revenues which is taken from Schedule 81

Net Financial Position per Capita = Net Financial Position

Population

Net Financial Liabilities Ratio = Net Financial Position

Own Source Revenues

Target

There is no optimal number or range for these indicators it varies according to a municipalityrsquos financial position

Interpretation

It is important that a municipality understands what is driving these indicators and monitors their

trends The financial position provides an indication of the

affordability of future municipal spending

Municipal Financial Indicators 64

Municipal Study 2018

Financial Indicators

The Financial Indicators section of the report includes a number of indicators to assist municipalities in evaluating financial condition Indicators related to Sustainability Vulnerability and Flexibility have been included It should be noted that Water and Wastewater indicators have also been included in the WaterWastewater section of the report

When the information is plotted over time these trends can be used to monitor changes in financial condition and alert the municipality to future problems We are committed to refining and developing

additional data to have more efficient and effective benchmarking tools for municipalities

Sustainability

Financial Position Per Capita

Net Financial Liabilities Ratio

Asset Consumption Ratio

Flexibility

Reserves

Tax Discretionary Reserves as a of Taxation

Discretionary Reserves as a of Own Source

Revenues

Reserves per Capita

Debt

Tax Debt Interest as a of Own Source Revenues

Debt Charges as a of Own Source Revenues

Total Debt Outstanding Per Capita

Debt Outstanding Per Own Source Revenues

Debt to Reserve Ratio

Tax Debt Outstanding per $100000 of Unweighted Assessment

Vulnerability

Taxes Receivable as a of Tax Levied

Rates Coverage Ratio

Municipal Financial Indicators 65

Municipal Study 2018

Financial Position Per CapitamdashTrend

A comparison was made of each municipalityrsquos overall financial position (financial assets less liabilities) over time on a per capita basis

Municipality 2013 2014 2015 2016 2017

Toronto $ (1668) $ (1962) $ (2192) $ (2379) $ (2460)

Ottawa $ (1448) $ (1634) $ (1736) $ (1998) $ (2299)

Greenstone $ (3734) $ (3669) $ (3082) $ (2610) $ (2117)

Bancroft $ (2053)

Pelham $ (133) $ (432) $ (531) $ (803) $ (1764)

Quinte West $ (383) $ (583) $ (1170) $ (1657) $ (1575)

Kingston $ (1060) $ (1341) $ (1283) $ (1365) $ (1434)

Port Colborne $ (498) $ (343) $ (741) $ (1404)

Owen Sound $ (774) $ (700) $ (1099) $ (1288) $ (1379)

Prince Edward County $ (1184) $ (1239) $ (1209) $ (1446) $ (1366)

Brockville $ (1238) $ (1234) $ (1201) $ (1271) $ (1334)

Thunder Bay $ (954) $ (1349) $ (1447) $ (1572) $ (1301)

Timmins $ (482) $ (677) $ (923) $ (990) $ (961)

North Perth $ (1171) $ (856) $ (899) $ (959)

Barrie $ (1538) $ (1396) $ (1492) $ (1329) $ (938)

Stratford $ (1621) $ (1581) $ (1267) $ (1002) $ (773)

Belleville $ 386 $ 179 $ (308) $ (456) $ (639)

Gravenhurst $ (1197) $ (1134) $ (1066) $ (829) $ (520)

Penetanguishene $ (399)

St Thomas $ 814 $ 653 $ 434 $ 128 $ (275)

Norfolk $ (132) $ (267)

Whitchurch ‐ Stouffville $ (329) $ (150) $ (63) $ (166) $ (212)

Middlesex Centre $ (847) $ (766) $ (633) $ (408) $ (152)

Guelph‐Eramosa $ (50) $ (53) $ (205) $ (74)

Oshawa $ (393) $ (340) $ (272) $ (170) $ (23)

Orangeville $ (363) $ (202) $ (60) $ (198) $ (21)

North Stormont $ 223 $ (91) $ (119) $ (62) $ 11

Meaford $ (521) $ (372) $ (304) $ (95) $ 73

St Catharines $ 178 $ (35) $ (87) $ (19) $ 88

Minto $ 196 $ 113 $ (11) $ 98

King $ (766) $ (718) $ (364) $ (201) $ 100

Cornwall $ 292 $ 154 $ 175 $ 36 $ 126

Brant County $ (485) $ (309) $ (187) $ (373) $ 142

Erin $ 79 $ 174 $ 172 $ 146

Mapleton $ 383 $ 384 $ 178

St Marys (91) $ 247 $ 269 $ 183 $

Municipal Financial Indicators 66

Municipal Study 2018

Financial Position Per CapitamdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Tillsonburg $ (21) $ 10 $ 60 $ 52 $ 230

Georgina $ 132 $ 192 $ 205 $ 246 $ 243

Brockton $ 277

Wainfleet $ 319 $ 512 $ 539 $ 424 $ 347

Welland $ 28 $ 25 $ 68 $ 220 $ 365

Tay $ 379

Grey Highlands $ 275 $ 401 $ 320 $ 398 $ 384

Huntsville $ (6) $ 133 $ 206 $ 282 $ 425

Hamilton $ 315 $ 259 $ 154 $ 263 $ 435

Collingwood $ (369) $ (146) $ (244) $ 241 $ 448

Caledon $ 517 $ 359 $ 355 $ 460 $ 462

North Bay $ 39 $ 176 $ 122 $ 323 $ 464

Puslinch $ 395 $ 448 $ 492 $ 528

Saugeen Shores $ 358 $ 360 $ 358 $ 518 $ 590

Springwater $ 434 $ 458 $ 498 $ 581 $ 649

Cambridge $ 707 $ 717 $ 722 $ 726 $ 650

Sarnia $ 152 $ 94 $ 213 $ 376 $ 652

Lambton Shores $ (889) $ (606) $ (262) $ 222 $ 655

Tiny $ 656

Brampton $ 866 $ 672 $ 731 $ 688 $ 661

London $ 294 $ 334 $ 508 $ 613 $ 670

Clarington $ 648 $ 600 $ 596 $ 655 $ 677

Windsor $ 510 $ 618 $ 653 $ 731 $ 715

Milton $ 774 $ 774 $ 856 $ 970 $ 717

Guelph $ 247 $ 405 $ 572 $ 658 $ 719

Peterborough $ 1235 $ 1157 $ 981 $ 915 $ 758

Centre Wellington $ 580 $ 571 $ 836 $ 817

Strathroy‐Caradoc $ (130) $ 28 $ 248 $ 638 $ 832

Ingersoll $ 43 $ 242 $ 431 $ 640 $ 856

North Middlesex $ 383 $ 685 $ 887

Kitchener $ 764 $ 802 $ 872 $ 918 $ 888

Wellesley $ 915 $ 854 $ 861 $ 904 $ 890

Fort Erie $ 530 $ 654 $ 759 $ 829 $ 890

Elliot Lake $ 228 $ 335 $ 510 $ 748 $ 892

East Gwillimbury $ 333 $ 421 $ 459 $ 522 $ 894

Burlington 889 $ 880 $ 920 $ 905 $ 927 $

Municipal Financial Indicators 67

Municipal Study 2018

Financial Position Per CapitamdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Newmarket 719 $ 716 $ 708 $ 881 $ 927 $

Espanola 444 $ 934 $

Mississauga 604 $ 495 $ 640 $ 691 $ 948 $

Chatham‐Kent 241 $ 440 $ 704 $ 948 $

Sault Ste Marie 675 $ 693 $ 772 $ 727 $ 983 $

Parry Sound 1347 $ 1245 $ 1228 $ 995 $

Brock 601 $ 766 $ 868 $ 953 $ 1039 $

Whitby 994 $ 994 $ 999 $ 1097 $ 1051 $

Woolwich 912 $ 915 $ 1000 $ 1169 $ 1100 $

Halton Hills 682 $ 771 $ 737 $ 992 $ 1117 $

Brantford 1132 $ 1132 $

Greater Sudbury 1126 $ 906 $ 1042 $ 1226 $ 1162 $

Grimsby 1314 $ 1276 $ 1444 $ 1174 $

Lincoln 1212 $ 1154 $ 1279 $ 1313 $ 1197 $

Thorold 832 $ 961 $ 1052 $ 1196 $ 1213 $

Markham 1327 $ 1285 $ 1247 $ 1223 $ 1262 $

Waterloo 1190 $ 1253 $ 1238 $ 1259 $ 1283 $

North Dumfries 1010 $ 1151 $ 1238 $ 1291 $

Orillia 817 $ 776 $ 1271 $ 1357 $ 1310 $

West Lincoln 1224 $ 1104 $ 1056 $ 1068 $ 1343 $

Richmond Hill 1421 $ 1350 $

Wilmot 1051 $ 1091 $ 1111 $ 1249 $ 1403 $

Pickering 940 $ 1134 $ 1205 $ 1288 $ 1454 $

Niagara‐on‐the‐Lake 1462 $ 1607 $ 1421 $ 1541 $ 1456 $

Oakville 1620 $ 1884 $ 1328 $ 1522 $ 1486 $

Wellington North 950 $ 1177 $ 1493 $ 1589 $

Bracebridge 1376 $ 1555 $ 1680 $ 1839 $ 1666 $

Vaughan 957 $ 1029 $ 1007 $ 1124 $ 1688 $

Haldimand 1461 $ 1513 $ 1688 $

Kincardine 2280 $ 2570 $ 2366 $ 2578 $

Kenora 1740 $ 1861 $ 4555 $ 4799 $ 4634 $

Innisfil 413 $ 378 $ 412 $ 4983 $ 4914 $

Average $ 166 $ 251 $ 320 $ 438 $ 435 Median $ 317 $ 378 $ 437 $ 613 $ 651

Column1 1 2 3 4 5

Municipal Financial Indicators 68

Municipal Study 2018

Financial Position Per CapitamdashTrend (contrsquod)

Municipality

Region Waterloo

Region York

Region Niagara

Region Peel

District Muskoka

Region Durham

Region Halton

$

$

$

$

$

$

$

2013

(744)

(1218)

(1)

(37)

(332)

1121

1444

$

$

$

$

$

$

$

2014

(987)

(1362)

(65)

(69)

(204)

1203

1600

$

$

$

$

$

$

$

2015

(1044)

(1215)

(155)

(101)

38

1327

1965

$

$

$

$

$

$

$

2016

(1229)

(1209)

(223)

8

303

1579

2097

$

$

$

$

$

$

$

2017

(1272)

(1052)

(180)

71

600

1799

2108

Average Median

$ $

33 (37)

$ $

17 (69)

$ $

116 (101)

$ $

189 8 $ $

296 71

Simcoe County

Bruce County

Dufferin County

Wellington County

Grey County

Elgin County

$ 304

$

$

$

$

$

$

(133)

(161)

(1)

371

395

235

$

$

$

$

$

$

(137)

(90)

65

442

378

262

$

$

$

$

$

$

(67)

(58)

83

186

326

339

Average Median

$ $

304 304

$ $

118 117

$ $

153 163

$ $

135 134

Municipal Financial Indicators 69

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend

Municipality 2013 2014 2015 2016 2017

Ottawa

Bancroft

Quinte West

Kingston

Prince Edward County

Brockville

Belleville

North Stormont

Cornwall

Peterborough Column1

Eastern Average

Eastern Median

$

$

$

$

$

$

$

$

$

$

$

(1448)

(383)

(1060)

(1184)

(1238)

386

223

292

1235

(353)

(383)

$

$

$

$

$

$

$

$

$

$

$

(1634)

(583)

(1341)

(1239)

(1234)

179

(91)

154

1157

(515)

(583)

$

$

$

$

$

$

$

$

$

$

$

(1736)

(1170)

(1283)

(1209)

(1201)

(308)

(119)

175

981

(652)

(1170)

$

$

$

$

$

$

$

$

$

$

$

(1998)

(1657)

(1365)

(1446)

(1271)

(456)

(62)

36

915

(812)

(1271)

$

$

$

$

$

$

$

$

$

$

$

$

(2299)

(2053)

(1575)

(1434)

(1366)

(1334)

(639)

11

126

758

(980)

(1350)

Municipality

Column1

2013 2014 2015 2016 2017

Toronto

Whitchurch ‐ Stouffville

Oshawa

King

Georgina

Caledon

Brampton

Clarington

Milton

East Gwillimbury

Burlington

Newmarket

Mississauga

Brock

Whitby

Halton Hills

Markham

Richmond Hill

Pickering

Oakville

Vaughan

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1668)

(329)

(393)

(766)

132

517

866

648

774

333

889

719

604

601

994

682

1327

940

1620

957

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1962)

(150)

(340)

(718)

192

359

672

600

774

421

880

716

495

766

994

771

1285

1134

1884

1029

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(2192)

(63)

(272)

(364)

205

355

731

596

856

459

920

708

640

868

999

737

1247

1205

1328

1007

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(2379)

(166)

(170)

(201)

246

460

688

655

970

522

905

881

691

953

1097

992

1223

1421

1288

1522

1124

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(2460)

(212)

(23)

100

243

462

661

677

717

894

927

927

948

1039

1051

1117

1262

1350

1454

1486

1688

GTA Average

GTA Median Column1

$

$

500

682

$

$

520

716

$

$

517

731

$

$

641

893

$

$

681

927

Municipal Financial Indicators 70

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Greenstone

Thunder Bay

Timmins

North Bay

Elliot Lake

Espanola

Sault Ste Marie

Parry Sound

Greater Sudbury

Kenora

$

$

$

$

$

$

$

$

$

(3734)

(954)

(482)

39

228

675

1126

1740

$

$

$

$

$

$

$

$

$

(3669)

(1349)

(677)

176

335

693

1347

906

1861

$

$

$

$

$

$

$

$

$

$

(3082)

(1447)

(923)

122

510

444

772

1245

1042

4555

$

$

$

$

$

$

$

$

$

(2610)

(1572)

(990)

323

748

727

1228

1226

4799

$

$

$

$

$

$

$

$

$

$

(2117)

(1301)

(961)

464

892

934

983

995

1162

4634

North Average

North Median

$

$

(151)

39

$

$

(42)

335

$

$

324

477

$

$

431

727

$

$

568

913

Municipality

Column1

2013 2014 2015 2016 2017

Barrie

Gravenhurst

Penetanguishene

Orangeville

Tay

Huntsville

Collingwood

Springwater

Tiny

Orillia

Bracebridge

Innisfil

$

$

$

$

$

$

$

$

$

(1538)

(1197)

(363)

(6)

(369)

434

817

1376

413

$

$

$

$

$

$

$

$

$

(1396)

(1134)

(202)

133

(146)

458

776

1555

378

$

$

$

$

$

$

$

$

$

(1492)

(1066)

(60)

206

(244)

498

1271

1680

412

$

$

$

$

$

$

$

$

$

(1329)

(829)

(198)

282

241

581

1357

1839

4983

$

$

$

$

$

$

$

$

$

$

$

$

(938)

(520)

(399)

(21)

379

425

448

649

656

1310

1666

4914

SimcoeMuskDuff Average

SimcoeMuskDuff Median Column1

$

$

(48)

(6)

$

$

47

133

$

$

134

206

$

$

770

282

$

$

714

437

Municipal Financial Indicators 71

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Owen Sound

North Perth

Stratford

St Thomas

Norfolk

Middlesex Centre

Guelph‐Eramosa

Meaford

Minto

Brant County

Erin

Mapleton

St Marys

Tillsonburg

Brockton

Grey Highlands

Puslinch

Saugeen Shores

Cambridge

Sarnia

Lambton Shores

London

Windsor

Guelph

Centre Wellington

Strathroy‐Caradoc

Ingersoll

North Middlesex

Kitchener

Wellesley

Chatham‐Kent

Woolwich

Brantford

Waterloo

North Dumfries

Wilmot

Wellington North

Haldimand

Kincardine

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(774)

(1171)

(1621)

814

(847)

(521)

(485)

(21)

275

358

707

152

(889)

294

510

247

(130)

43

764

915

912

1190

1051

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(700)

(1581)

653

(766)

(50)

(372)

196

(309)

79

383

(91)

10

401

395

360

717

94

(606)

334

618

405

580

28

242

802

854

241

915

1253

1010

1091

950

2280

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1099)

(856)

(1267)

434

(633)

(53)

(304)

113

(187)

174

384

247

60

320

448

358

722

213

(262)

508

653

572

571

248

431

383

872

861

440

1000

1238

1151

1111

1177

1461

2570

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1288)

(899)

(1002)

128

(132)

(408)

(205)

(95)

(11)

(373)

172

269

52

398

492

518

726

376

222

613

731

658

836

638

640

685

918

904

704

1169

1132

1259

1238

1249

1493

1513

2366

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1379)

(959)

(773)

(275)

(267)

(152)

(74)

73

98

142

146

178

183

230

277

384

528

590

650

652

655

670

715

719

817

832

856

887

888

890

948

1100

1132

1283

1291

1403

1589

1688

2578

Southwest Average

Southwest Median Column1

$

$

49

200 1

$

$

315

360 2

$

$

391

408 3

$

$

478

613 4

$

$

543

652 5

Municipal Financial Indicators 72

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Pelham

Port Colborne

St Catharines

Wainfleet

Welland

Hamilton

Fort Erie

Grimsby

Lincoln

Thorold

West Lincoln

Niagara‐on‐the‐Lake

$

$

$

$

$

$

$

$

$

$

(133)

178

319

28

315

530

1212

832

1224

1462

$

$

$

$

$

$

$

$

$

$

$

$

(432)

(498)

(35)

512

25

259

654

1314

1154

961

1104

1607

$

$

$

$

$

$

$

$

$

$

$

$

(531)

(343)

(87)

539

68

154

759

1276

1279

1052

1056

1421

$

$

$

$

$

$

$

$

$

$

$

$

(803)

(741)

(19)

424

220

263

829

1444

1313

1196

1068

1541

$

$

$

$

$

$

$

$

$

$

$

$

(1764)

(1404)

88

347

365

435

890

1174

1197

1213

1343

1456

NiagaraHamilton Average

NiagaraHamilton Median Column1

$

$

629

530

$

$

552

583

$

$

604

759

$

$

619

829

$

$

445

663

Municipality 2013 2014 2015 2016 2017

Region Waterloo

Region York

Region Niagara

Region Peel

District Muskoka

Region Durham

Region Halton

$

$

$

$

$

$

$

(744)

(1218)

(1)

(37)

(332)

1121

1444

$

$

$

$

$

$

$

(987)

(1362)

(65)

(69)

(204)

1203

1600

$

$

$

$

$

$

$

(1044)

(1215)

(155)

(101)

38

1327

1965

$

$

$

$

$

$

$

(1229)

(1209)

(223)

8

303

1579

2097

$

$

$

$

$

$

$

(1272)

(1052)

(180)

71

600

1799

2108

Average

Median

$

$

33

(37)

$

$

17

(69)

$

$

116

(101)

$

$

189

8

$

$

296

71

Simcoe County

Bruce County

Dufferin County

Wellington County

Grey County

Elgin County

$ 304

$

$

$

$

$

$

(133)

(161)

(1)

371

395

235

$

$

$

$

$

$

(137)

(90)

65

442

378

262

$

$

$

$

$

$

(67)

(58)

83

186

326

339

Average

Median

$

$

$

$

304

304

$

$

118

117

$

$

153

163

$

$

135

134

Municipal Financial Indicators 73

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend

Municipality 2013 2014 2015 2016 2017

Innisfil (026) (024) (023) (308) (315)

North Dumfries (159) (169) (171) (181)

Wilmot (144) (152) (152) (157) (177)

Kenora (075) (076) (184) (181) (176)

Pickering (121) (141) (140) (145) (166)

Wellesley (192) (161) (157) (152) (157)

Bracebridge (149) (162) (162) (169) (152)

Woolwich (146) (142) (154) (141) (151)

Wellington North (083) (103) (124) (137)

Vaughan (090) (099) (094) (086) (136)

Lincoln (149) (136) (151) (144) (135)

Grimsby (149) (142) (149) (132)

Markham (142) (135) (129) (116) (125)

Kincardine (108) (118) (108) (117)

Brock (073) (088) (099) (108) (116)

Halton Hills (083) (087) (080) (100) (115)

Richmond Hill (120) (114)

West Lincoln (185) (169) (146) (140) (112)

Oakville (137) (156) (110) (116) (112)

Whitby (118) (119) (117) (112) (098)

Mississauga (071) (056) (071) (066) (093)

Waterloo (087) (089) (088) (087) (092)

Thorold (063) (076) (082) (087) (091)

Niagara‐on‐the‐Lake (104) (109) (092) (097) (090)

Milton (094) (091) (099) (114) (085)

Clarington (089) (080) (077) (079) (085)

Burlington (083) (082) (084) (079) (080)

Centre Wellington (057) (057) (071) (079)

Puslinch (061) (070) (068) (076)

Newmarket (063) (063) (060) (068) (074)

Haldimand (053) (067) (074)

Ingersoll (004) (020) (035) (051) (071)

Brampton (122) (077) (080) (067) (068)

Springwater (050) (052) (054) (058) (065)

Strathroy‐Caradoc 012 (002) (021) (049) (062)

Fort Erie (039) (048) (053) (053) (059)

Municipal Financial Indicators 74

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Kitchener (052) (054) (060) (061) (058)

Tiny (057)

Elliot Lake (014) (022) (031) (045) (055)

Orillia (038) (035) (054) (055) (054)

Cambridge (062) (063) (063) (058) (053)

North Middlesex (028) (043) (050)

East Gwillimbury (031) (037) (040) (026) (049)

Brantford (047) (049)

Greater Sudbury (049) (039) (045) (050) (047)

Huntsville 001 (015) (024) (032) (045)

Sault Ste Marie (030) (030) (033) (031) (041)

Caledon (049) (033) (031) (038) (040)

Chatham‐Kent (011) (021) (032) (040)

Sarnia (011) (006) (014) (022) (039)

Espanola (036)

Parry Sound (045) (045) (041) (034)

Lambton Shores 052 031 012 (011) (034)

Saugeen Shores (022) (022) (021) (028) (033)

Wainfleet (035) (055) (057) (045) (031)

Peterborough (053) (050) (042) (036) (031)

London (014) (016) (023) (027) (030)

Grey Highlands (024) (035) (027) (031) (030)

Windsor (023) (027) (027) (030) (030)

Guelph (010) (016) (022) (025) (028)

Tay (028)

Welland (002) (002) (005) (015) (025)

Georgina (014) (018) (018) (021) (021)

Mapleton (060) (052) (021)

Collingwood 016 006 010 (010) (020)

Brockton (020)

Tillsonburg 002 (001) (005) (004) (019)

North Bay (002) (008) (005) (013) (019)

Hamilton (014) (012) (007) (011) (018)

Erin (010) (020) (020) (018)

Minto (016) (009) 001 (008)

St Catharines (017) 003 008 002 (007)

Municipal Financial Indicators 75

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

St Marys 003 (009) (010) (007)

Brant County 030 012 011 020 (006)

King 042 037 018 012 (006)

Cornwall (014) (007) (008) (001) (005)

Meaford 033 023 018 005 (004)

North Stormont (021) 010 013 009 (002)

Orangeville 024 013 004 011 001

Oshawa 042 035 026 015 002

Guelph‐Eramosa 007 007 025 009

Middlesex Centre 073 063 042 025 010

St Thomas (045) (035) (023) (006) 013

Norfolk 007 015

Whitchurch ‐ Stouffville 036 015 007 015 019

Penetanguishene 023

Belleville (018) (008) 013 019 026

Stratford 064 063 048 036 028

Thunder Bay 024 033 033 037 030

Timmins 021 029 038 038 036

Gravenhurst 109 099 085 061 038

Barrie 078 070 072 059 042

Kingston 039 048 046 045 047

Greenstone 096 090 073 059 048

North Perth 088 054 049 049

Brockville 058 058 052 052 055

Owen Sound 041 037 056 062 066

Prince Edward County 074 072 065 073 069

Toronto 056 065 068 070 076

Ottawa 056 062 066 071 084

Port Colborne 046 023 057 090

Quinte West 029 041 077 101 093

Bancroft 112

Pelham 015 047 057 074 163

Average (029) (031) (035) (040) (040)

Median (022) (022) (027) (032) (034)

Municipal Financial Indicators 76

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend (contrsquod)

Municipality

Region Halton

Region Durham

District Muskoka

Region Peel

Region Niagara

Region York

Region Waterloo

2013

(125)

(085)

017

004

000

102

062

2014

(137)

(088)

010

007

005

111

080

2015

(164)

(096)

(002)

010

012

093

083

2016

(167)

(106)

(015)

(001)

017

086

091

2017

(175)

(122)

(030)

(007)

014

075

097

Average

Median

(004)

004

(002)

007

(009)

010

(013)

(001)

(021)

(007)

Grey County

Elgin County

Wellington County

Dufferin County

Bruce County

Simcoe County

(027)

(051)

(028)

(032)

000

019

021

(051)

(031)

(036)

(009)

011

022

(043)

(039)

(038)

(010)

007

010

Average

Median

(027)

(027)

(012)

(014)

(016)

(020)

(019)

(024)

Municipal Financial Indicators 77

Municipal Study 2018

Total Asset Consumption Ratio

This indicator provides an estimate of the useful life left in the municipalityrsquos capital assets

Municipalities are facing significant infrastructure challenges Therefore it is important to keep informed of the age and condition of its capital assets to ensure they are making timely and appropriate investments This is calculated using Schedule 51 of the Financial Information Return

Formula

Total Accumulated Amortization

Total Gross Costs of Capital Assets

Interpretations

This ratio shows the value of the tangible capital assets that have been consumed This ratio seeks to highlight the aged condition of the assets and the potential asset replacement needs A higher ratio may

indicate significant replacement needs However if assets are renewed and replaced in accordance with an asset management plan a high ratio should not be a cause for concern The Ministry of Municipal Affairs and Housing considers a ratio of 25 or under to be relatively new 26‐50 to be moderately new 51‐75 to be moderately old and over 75 to be old

Summarymdash2017 Asset Consumption RatiomdashTotal Survey

0‐25

26‐50

51‐75

greater than 75

Total Asset Consumption Tax Asset Consumption

Municipal Financial Indicators 78

Municipal Study 2018

Total Asset Consumption Ratio Trend

Municipalities 2013 2014 2015 2016 2017

Vaughan 109 112 115 120 120

Markham 183 188 194 199 198

Mississauga 174 182 191 196 204

Grimsby 244 252 262 272 271

Penetanguishene 274

Whitchurch ‐ Stouffville 244 254 266 269 275

Milton 286 285 269 283 290

Ottawa 269 268 276 284 292

Barrie 246 261 270 281 294

Woolwich 256 265 275 290 298

Niagara‐on‐the‐Lake 268 273 280 291 302

Brampton 274 278 279 290 302

Lambton Shores 272 283 298 294 310

Kitchener 338 339 307 304 314

St Marys 289 300 314 317 319

Oakville 310 319 315 320 319

Georgina 254 271 286 303 319

Middlesex Centre 284 303 312 321 326

Tay 331

North Middlesex 304 322 337

Innisfil 293 298 296 334 339

North Perth 324 327 340

Springwater 295 310 324 338 352

Owen Sound 376 382 359 350 355

Burlington 326 335 341 349 358

London 339 346 353 359 362

North Stormont 326 325 335 351 369

Guelph‐Eramosa 338 344 361 376 371

King 447 422 394 393 377

Newmarket 357 362 375 373 377

East Gwillimbury 384 392 402 375 379

Hamilton 362 371 368 370 379

Port Colborne 354 373 384 393 380

Kingston 358 359 369 367 380

West Lincoln 360 369 376 370 380

Whitby 341 354 368 378 384

Municipal Financial Indicators 79

Municipal Study 2018

Total Asset Consumption Ratio (contrsquod)

Municipalities 2013 2014 2015 2016 2017

Ingersoll 362 362 369 371 386

Parry Sound 344 362 376 381 386

Brockville 370 382 395 397 388

Waterloo 351 359 369 381 389

Stratford 357 368 378 390 389

Orillia 357 367 382 383 390

Centre Wellington 390 372 376 387 391

Toronto 425 425 416 409 393

Espanola 377 393

Brant County 394 397 395 386 395

Collingwood 353 368 382 381 396

Thorold 367 365 373 392 397

Welland 346 359 375 385 397

Clarington 374 379 380 388 400

Wilmot 390 410 358 383 401

Cambridge 404 401 397 391 404

Oshawa 383 386 391 399 406

Peterborough 386 387 395 404 408

Norfolk 399 410

St Catharines 403 390 388 400 410

Belleville 407 417 426 420 411

Saugeen Shores 354 374 387 401 413

Sault Ste Marie 380 383 394 401 416

Fort Erie 366 383 394 406 419

Richmond Hill 390 415 422

Sarnia 376 392 407 419 423

Lincoln 431 401 413 416 428

Cornwall 452 454 420 423 428

Strathroy‐Caradoc 403 403 403 423 428

Windsor 389 392 410 423 430

Orangeville 397 388 402 427 437

Pelham 398 408 413 427 437

Tillsonburg 393 413 422 439 441

North Bay 413 413 415 428 445

Timmins 475 486 490 422 445

St Thomas 453 459 467 466 446

Municipal Financial Indicators 80

Municipal Study 2018

Total Asset Consumption Ratio (contrsquod)

Municipalities 2013 2014 2015 2016 2017

Prince Edward County 408 424 435 436 449

Guelph 409 421 435 440 450

Wainfleet 459 477 472 478 451

Halton Hills 430 434 424 436 453

Minto 441 447 447 457 463

Kenora 368 441 389 399 468

Erin 412 429 443 455 469

Haldimand 470 473 475

Bracebridge 436 451 452 466 477

Chatham‐Kent 439 450 460 474 479

Brantford 475 482

Brockton 483

Bancroft 490

Pickering 507 520 503 506 502

Greater Sudbury 491 493 486 497 503

Kincardine 426 439 445 446 505

Huntsville 412 440 468 484 507

Meaford 495 510 513 515 512

Caledon 526 558 549 532 512

Brock 445 465 482 498 516

Wellington North 495 510 526 534 542

Grey Highlands 482 505 515 533 547

Greenstone 490 503 526 541 551

Tiny 551

Thunder Bay 544 551 550 552 566

Gravenhurst 341 359 381 405 571

North Dumfries 197 220 338 348 621

Mapleton 619 628 646 639

Quinte West 658 667 662 668 654

Puslinch 632 642 651 657

Wellesley 621 646 671 692 716

Elliot Lake 784 788 787 793 796

Average 380 388 396 402 418

Median 376 383 387 393 405

Municipal Financial Indicators 81

Municipal Study 2018

Total Asset Consumption Ratio (contrsquod)

Municipalities

Region York

Region Halton

Region Peel

Region Durham

Region Waterloo

Region Niagara

District Muskoka

2013

320

257

251

316

413

424

413

2014

322

264

255

320

421

427

433

2015

291

258

260

330

415

432

440

2016

279

264

270

328

424

416

460

2017

266

271

282

336

347

425

478

Average

Median

342

320

349

322

347

330

349

328

344

336

Simcoe County

Wellington County

Dufferin County

Bruce County

Elgin County

Grey County

391

322

406

419

417

446

580

330

419

422

423

457

593

344

426

431

436

465

596

Average

Median

391

391

432

418

441

422

450

434

Municipal Financial Indicators 82

Municipal Study 2018

Tax Asset Consumption Ratio

Municipalities 2017

Vaughan 107

Markham 167

Mississauga 204

Grimsby 253

Barrie 281

Milton 290

Ottawa 300

Brampton 302

Whitchurch ‐ Stouffville 304

Woolwich 317

Oakville 319

North Perth 328

Kitchener 329

Penetanguishene 334

Innisfil 339

Niagara‐on‐the‐Lake 340

East Gwillimbury 341

St Marys 344

Collingwood 345

London 350

Burlington 358

Georgina 359

Owen Sound 367

Tay 368

Springwater 372

Orillia 374

Newmarket 377

North Middlesex 380

Port Colborne 382

Middlesex Centre 384

Whitby 384

Ingersoll 386

Stratford 386

Lambton Shores 392

Toronto 394

St Thomas 394

Municipalities 2017

Hamilton 399

Guelph‐Eramosa 399

Peterborough 400

Clarington 400

Kingston 405

Waterloo 406

Oshawa 406

North Stormont 412

Sault Ste Marie 414

Sarnia 417

Welland 418

Norfolk 419

Brant County 425

Espanola 426

Parry Sound 428

West Lincoln 429

Cambridge 433

Windsor 433

Wilmot 434

Pelham 437

Centre Wellington 440

Richmond Hill 440

St Catharines 443

King 443

Tillsonburg 444

Guelph 448

Wainfleet 451

Halton Hills 453

Thorold 457

Brockville 457

Belleville 457

Cornwall 462

Fort Erie 468

Bracebridge 477

Lincoln 479

Orangeville 482

Municipal Financial Indicators 83

Municipal Study 2018

Tax Asset Consumption Ratio

Municipalities 2017

North Bay

Chatham‐Kent

Saugeen Shores

Kenora

Meaford

Erin

Pickering

Prince Edward County

Huntsville

Caledon

Haldimand

Brock

Brockton

Kincardine

Brantford

Minto

Timmins

Grey Highlands

Greater Sudbury

Strathroy‐Caradoc

Tiny

Thunder Bay

Greenstone

Gravenhurst

Bancroft

North Dumfries

Wellington North

Puslinch

Mapleton

Quinte West

Wellesley

Elliot Lake

486

486

489

497

498

501

502

504

507

512

513

516

519

524

527

539

548

550

554

568

569

569

571

571

615

621

623

657

672

701

716

784

Average

Median

438

431

Municipalities 2017

Region Waterloo

Region Halton

Region York

Region Peel

Region Durham

Region Niagara

District Muskoka

298

301

334

358

380

387

520

Average

Median

368

358

Simcoe County

Wellington County

Dufferin County

Bruce County

Elgin County

Grey County

344

426

431

436

465

596

Average

Median

450

434

Municipal Financial Indicators 84

Municipal Study 2018

Reserves

Reserves are a critical component of a municipalityrsquos long‐term financing plan The purpose for maintaining reserves is to

Provide stability of tax rates in the face of variable and uncontrollable factors (consumption interest

rates unemployment rates changes in subsidies)

Provide financing for one‐time or short‐term requirements without permanently impacting the tax and

utility rates

Make provisions for replacementsacquisitions of assetsinfrastructure that are currently being

consumed and depreciated

Avoid spikes in funding requirements of the capital budget by reducing their reliance on long‐term debt borrowings

Provide a source of internal financing

Ensure adequate cash flows

Provide flexibility to manage debt levels and protect the municipalityrsquos financial position

Provide for future liabilities incurred in the current year but paid for in the future

Three financial indicators have been included for tax reserves In each case the water and wastewater reserves and reserve funds have been excluded as well as obligatory reserve funds

Reserve Financial Indicator One Tax Discretionary Reserves as a of Taxation

This provides the total tax discretionary reserves and reserve funds using Schedule 60 of the Financial Information Returns (columns 2 and 3) in relation to total taxation (Schedule 10 of the Financial Information Return)

Formula

Tax Discretionary Reserves

Taxation

Municipal Financial Indicators 85

Municipal Study 2018

Reserve Financial Indicator Two Tax Discretionary Reserves per Capita

This provides the total tax discretionary reserves in relation to the population

Formula

Tax Discretionary Reserves

Population

Reserve Financial Indicator Three Tax Discretionary Reserves as a of Own Source Revenues

This indicator shows the total value of funds held in reserves and reserve funds compared to a single yearrsquos own source revenue and is a strong indicator of financial stability This provides the total tax discretionary reserves and reserve funds using Schedule 60 of the Financial Information Returns (columns 2 and 3) in relation to own source revenues (Schedule 81 of the Financial Information Return less water and wastewater own source revenues which are on Schedule 12)

Formula

Tax Discretionary Reserves

Own Source Revenues

Interpretations

Reserves offer liquidity which enhances the municipalityrsquos flexibility in addressing operating

requirements and in permitting the municipality to temporarily fund capital projects internally allowing

it time to access debt markets and take advantage of favourable conditions The level of reserves required will vary for a number of reasons including

Services provided by the municipality

Age and condition of infrastructure inventory of fleet and vehicles supporting municipal operations

Level of expenditures

Internal debt and reserve policies

Targets ranges established on a reserve by reserve basis

Economic conditions and projections

Municipal Financial Indicators 86

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend

Municipality 2013 2014 2015 2016 2017

Orillia ‐21 ‐12 ‐5 ‐17 ‐33

Pelham 15 9 18 25 ‐7

Newmarket 32 15 ‐3 2 3

Brockville 12 14 13 15 17

St Thomas 27 20 18 25 21

Strathroy‐Caradoc 4 3 5 21 24

Tillsonburg 31 33 26 23 28

Markham 156 111 99 80 29

Ottawa 23 24 22 23 29

Barrie 31 30 31 31 30

Guelph 41 36 33 36 30

Sault Ste Marie 28 28 30 28 32

Prince Edward County 39 38 42 39 33

Brantford 42 36

Timmins 31 33 32 34 36

Greenstone 27 28 35 38 37

Belleville 23 24 28 33 38

Orangeville 20 20 25 33 38

Tiny 39

Quinte West 38 34 32 35 39

North Bay 29 29 29 38 42

Bancroft 42

Sarnia 25 26 27 32 43

Greater Sudbury 54 54 57 52 44

Wilmot 51 56 56 42 45

St Catharines 56 53 41 43 45

Kitchener 34 36 45 45 46

Huntsville 51 60 39 40 47

Toronto 53 48 45 45 47

Whitchurch ‐ Stouffville 89 88 87 67 49

Woolwich 57 47 46 53 49

Windsor 52 53 56 56 50

Niagara‐on‐the‐Lake 61 60 51 63 52

Waterloo 77 88 76 55 54

Stratford 50 49 52 53 55

Caledon 79 74 54 57 55

Municipal Financial Indicators 87

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Erin 48 49 57 56

Guelph‐Eramosa 44 48 51 56

Grey Highlands 63 48 52 58 57

Meaford 37 45 46 48 59

Hamilton 62 61 58 56 59

Thunder Bay 67 59 55 52 59

Oshawa 38 34 46 52 59

Espanola 60

Grimsby 91 82 65 61

Collingwood 65 59 59 53 61

Penetanguishene 62

Lincoln 101 78 75 70 62

Cornwall 64 66 66 62 63

Peterborough 65 63 61 64 63

Cambridge 54 56 64 64 63

Minto 58 60 57 68

North Stormont 57 50 48 64 70

Ingersoll 33 30 42 55 70

Innisfil 82 76 70 63 71

Georgina 54 60 62 65 71

Centre Wellington 94 92 114 71

Wainfleet 66 87 90 80 75

Fort Erie 56 61 69 73 77

St Marys 78 87 82 78

Bracebridge 77 74 52 59 80

Mississauga 79 79 80 85 81

Norfolk 86 81

Vaughan 85 79 70 102 83

Brampton 68 71 73 76 83

Burlington 79 78 80 84 84

Welland 81 76 70 80 84

Kincardine 137 112 93 85

Kingston 76 73 80 80 86

King 59 63 82 83 86

Gravenhurst 91 83 73 76 86

London 61 76 78 81 88

Municipal Financial Indicators 88

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Owen Sound

Tay

Brant County

Lambton Shores

Middlesex Centre

Port Colborne

Chatham‐Kent

North Perth

Parry Sound

Halton Hills

Brockton

Kenora

Wellington North

Wellesley

Springwater

Puslinch

Oakville

Elliot Lake

Pickering

Whitby

North Dumfries

Clarington

Milton

Saugeen Shores

Mapleton

North Middlesex

Brock

Richmond Hill

Thorold

West Lincoln

East Gwillimbury

102

30

32

79

62

110

115

154

104

65

53

112

0

139

119

159

118

182

155

69

103

100

45

76

41

86

138

64

111

137

100

156

82

132

71

80

109

54

138

112

144

55

127

193

157

74

98

94

64

83

89

98

90

123

71

117

132

101

104

94

113

70

75

110

50

129

160

132

94

125

135

207

133

72

91

92

77

93

94

94

91

111

87

106

103

105

101

93

112

100

74

111

63

120

171

129

141

150

189

192

124

156

90

90

92

93

93

94

95

95

95

96

96

98

98

101

101

102

104

105

110

111

111

119

124

126

131

154

155

173

196

204

208

Average

Median

65

61

68

61

70

69

74

65

73

68

Municipal Financial Indicators 89

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Region Waterloo

Region Niagara

District Muskoka

Region Peel

Region Durham

Region Halton

Region York

40

42

67

119

113

155

178

48

43

67

120

122

172

191

42

47

72

119

137

208

212

44

45

79

126

150

219

223

41

46

91

127

165

214

223

Average

Median

102

113

109

120

120

119

126

126

130

127

Elgin County

Bruce County

Dufferin County

Wellington County

Grey County

Simcoe County

80

21

55

50

83

90

63

32

57

59

75

87

69

48

58

66

79

85

87

Average

Median

80

80

60

59

63

64

71

73

Municipal Financial Indicators 90

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend

Municipality 2013 2014 2015 2016 2017

Orillia ‐17 ‐10 ‐4 ‐13 ‐27

Pelham 13 7 16 20 ‐6

Newmarket 23 11 ‐2 2 2

Brockville 10 11 11 11 13

St Thomas 21 16 15 20 17

Markham 90 65 59 49 18

Strathroy‐Caradoc 3 3 4 16 18

Kitchener 14 15 19 20 19

Tillsonburg 23 23 18 17 20

Ottawa 16 17 16 16 21

Guelph 31 27 25 28 23

Toronto 28 25 22 22 23

Barrie 25 24 25 25 24

Sault Ste Marie 20 21 22 21 24

Thunder Bay 27 24 22 23 24

Timmins 23 25 25 26 26

Brantford 30 26

Prince Edward County 31 30 34 31 27

Greenstone 19 21 27 29 28

Wilmot 31 36 37 28 28

Niagara‐on‐the‐Lake 38 37 32 38 29

Orangeville 16 16 20 28 30

Whitchurch ‐ Stouffville 61 56 59 47 31

Belleville 19 20 24 28 31

Woolwich 40 33 32 31 32

St Catharines 42 39 29 31 32

Huntsville 38 40 27 29 32

North Bay 22 22 23 30 33

Greater Sudbury 39 39 41 38 33

Tiny 33

Windsor 38 38 38 36 33

Sarnia 20 20 21 26 34

Quinte West 34 30 29 32 35

Waterloo 49 56 50 35 35

Bancroft 36

Stratford 35 34 36 37 37

Municipal Financial Indicators 91

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Caledon 54 53 39 40 40

Minto 36 39 37 43

Erin 36 32 45 43

Oshawa 29 26 33 37 43

Centre Wellington 53 56 60 44

Hamilton 46 46 44 42 44

Cornwall 44 46 47 44 44

Guelph‐Eramosa 33 38 40 45

Peterborough 43 44 43 45 45

Innisfil 55 53 51 41 46

Grey Highlands 45 37 42 46 47

Espanola 34 47

North Stormont 0 0 0 43 47

Cambridge 39 42 50 49 48

Meaford 31 38 38 40 48

Lincoln 74 58 60 55 48

Penetanguishene 49

Collingwood 52 45 46 43 50

Grimsby 0 74 65 51 50

Mississauga 48 50 51 52 50

St Marys 57 64 60 51

Wainfleet 52 69 73 67 53

Vaughan 59 57 50 70 55

Welland 51 53 48 57 56

Brant County 25 51 78 77 57

Kincardine 47 70 69 58

Kingston 52 49 55 56 58

Burlington 53 53 56 59 58

North Perth 58 58 56 58

Ingersoll 28 24 35 46 59

Georgina 44 45 48 52 59

Brampton 57 50 51 53 59

Bracebridge 61 58 40 45 61

Whitby 72 72 72 70 63

Fort Erie 47 51 59 62 65

Norfolk 70 66

Municipal Financial Indicators 92

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Brockton 66

King 34 36 50 59 66

London 46 57 59 60 67

Wellesley 82 66 65 68 68

Middlesex Centre 59 58 51 59 68

Milton 61 59 85 94 68

North Dumfries 34 33 39 69

Chatham‐Kent 66 76 73 69

Gravenhurst 73 65 58 62 69

Lambton Shores 24 31 39 54 70

Parry Sound 83 88 80 71

Oakville 71 91 80 79 72

Halton Hills 45 46 52 65 72

Puslinch 59 72 66 72

Owen Sound 77 83 78 73 72

Wellington North 104 103 78 74

Port Colborne 0 32 50 73 74

Kenora 81 82 87 79 76

Tay 77

Springwater 123 124 82 78 80

Saugeen Shores 98 92 87 84 83

Elliot Lake 43 53 49 79 86

Pickering 41 61 56 57 86

West Lincoln 113 120 95 94 90

Clarington 102 103 96 91 91

East Gwillimbury 46 51 51 63 101

Mapleton 44 73 106

Richmond Hill 122 112

North Middlesex 102 112 116

Brock 95 101 110 120 119

Haldimand 90 139 138

Thorold 149 160 163 158 160

Average 45 47 49 52 52

Median 43 45 48 49 48

Municipal Financial Indicators 93

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Region Niagara

Region Waterloo

District Muskoka

Region Peel

Region Durham

Region York

Region Halton

30

32

57

97

99

139

118

30

39

57

98

105

147

132

33

34

61

99

117

157

159

32

36

67

105

128

175

171

32

34

77

106

135

167

170

Average

Median

82

97

87

98

94

99

102

105

103

106

Elgin County

Bruce County

Dufferin County

Wellington County

Grey County

Simcoe County

65

15

42

38

67

65

50

25

45

45

61

66

55

37

46

49

64

65

67

Average

Median

65

65

46

46

49

50

55

57

Municipal Financial Indicators 94

Municipal Study 2018

2017 Total and Tax Reserve Per Capita

Total Tax Reserves Reserves

Municipality Per Capita Per Capita

Orillia (97) $ (538) $

Pelham 108$ (50) $

Newmarket 593$ 18 $

Markham 325$ 122 $

Wilmot 378$ 158 $

Strathroy‐Caradoc 924 $ 180 $

Woolwich 467$ 188 $

Kitchener 244 $ 222 $

Tillsonburg 237 $ 237 $

St Thomas 650$ 254 $

North Stormont 412$ 264 $

Brockville 490 $ 271 $

Whitchurch ‐ Stouffville 377 $ 280 $

Guelph‐Eramosa 485$ 284 $

Erin 493$ 302 $

Huntsville 305 $ 305 $

Niagara‐on‐the‐Lake 647 $ 318 $

Centre Wellington 893 $ 322 $

St Catharines 417$ 337 $

Grimsby 642$ 339 $

Waterloo 351$ 351 $

Lincoln 874$ 358 $

Minto 980$ 370 $

Cambridge 545$ 377 $

Wellesley 384 $ 384 $

Tiny 747$ 384 $

Orangeville 723 $ 421 $

Sarnia 623$ 427 $

Barrie 767$ 438 $

Prince Edward County 539 $ 454 $

Caledon 456$ 456 $

Oshawa 465$ 465 $

Vaughan 820 $ 478 $

Sault Ste Marie 481 $ 481 $

Quinte West 721$ 485 $

North Dumfries 490$ 490 $

Total Tax Reserves Reserves

Municipality Per Capita Per Capita

Guelph 1388 $ 490 $

Ottawa 560$ 495 $

Brantford 1002 $ 502 $

Puslinch 504 $ 504 $

Bancroft 506$ 506 $

Mississauga 510 $ 510 $

Grey Highlands 922$ 518 $

Timmins 564 $ 564 $

Milton 575 $ 575 $

Welland 602 $ 576 $

Wellington North 1308 $ 577 $

Brampton 579$ 579 $

Wainfleet 590$ 590 $

Georgina 784$ 612 $

Fort Erie 754$ 619 $

Belleville 1176 $ 641 $

Springwater 1061 $ 650 $

Penetanguishene 662 $

North Bay 883$ 663 $

Bracebridge 665$ 665 $

Whitby 672$ 672 $

Burlington 675 $ 675 $

Greater Sudbury 865 $ 676 $

Toronto 1010 $ 678 $

Halton Hills 695 $ 695 $

Ingersoll 712$ 712 $

Innisfil 715$ 715 $

Tay 1096 $ 715 $

Windsor 760$ 716 $

Clarington 726$ 726 $

Meaford 975$ 729 $

Pickering 756$ 756 $

Brockton 992 $ 795 $

Middlesex Centre 961$ 796 $

Collingwood 1842 $ 801 $

Mapleton 1014 $ 802 $

Municipal Financial Indicators 95

Municipal Study 2018

2017 Total and Tax Reserve Per Capita (contrsquod)

Municipality

Total Reserves Per Capita

Tax Reserves Per Capita

Port Colborne

Cornwall

North Perth

Hamilton

West Lincoln

Richmond Hill

Stratford

Peterborough

Thunder Bay

King

Oakville

Gravenhurst

Espanola

Lambton Shores

Norfolk

Brock

Elliot Lake

Kincardine

Greenstone

Saugeen Shores

Owen Sound

St Marys

Brant County

London

Chatham‐Kent

East Gwillimbury

Parry Sound

Kingston

Thorold

North Middlesex

Kenora

Haldimand

939 $

1042 $

1005 $

1312 $

1000 $

1126 $

940 $

1379 $

989 $

966 $

950 $

956 $

1316 $

1811 $

1330 $

1069 $

1418 $

2740 $

1125 $

1347 $

1312 $

1426 $

1535 $

1674 $

1429 $

1843 $

2577 $

2113 $

2056 $

1713 $

1929 $

3127 $

817 $

881 $

886 $

887 $

913 $

921 $

923 $

933 $

938 $

949 $

950 $

956 $

973 $

994 $

995 $

1069 $

1093 $

1100 $

1125 $

1138 $

1141 $

1151 $

1178 $

1262 $

1347 $

1482 $

1494 $

1522 $

1555 $

1569 $

1576 $

2613 $

Average Median

931 $ 820 $

684$ 645 $

Municipality

Total Reserves Per Capita

Tax Reserves Per Capita

Region Niagara

Region Waterloo

Region Peel

District Muskoka

Region Halton

Region Durham

Region York

604 $

525 $

1254 $

1823 $

1837 $

1934 $

2159 $

337 $

371 $

865 $

1351 $

1480 $

1528 $

1955 $

Average Median

1448 $ 1823 $

1127 $ 1351 $

Wellington County

Elgin County

Bruce County

Dufferin County

Simcoe County

Grey County

311 $

326 $

361 $

391 $

429 $

496 $

311 $

326 $

361 $

391 $

429 $

496 $

Average Median

386 $ 376 $

386 $ 376 $

Municipal Financial Indi‐ 96

Municipal Study 2018

Debt

The Ministry of Municipal Affairs and Housing regulates the level of debt that may be incurred by municipalities such that no more than 25 of the total Own Source Revenue can be used to service debt

and other long‐term obligations without receiving OMB approval In addition to confirming that the debt is within the legislated limits Government Finance Officersrsquo Association (GFOA) recommends the

following analysis be undertaken

Measures of the tax and revenue base such as

Projections of key relevant economic variables

Population trends

Utilization trends for services underlying revenues

Evaluation of trends relating to the governmentrsquos financial

performance such as

Revenues and expenditures

Net revenues available after meeting operating requirements

Reliability of revenues expected to pay debt service

Unreserved fund balance levels

Debt service obligations such as

Existing debt service requirements

Debt service as a percentage of expenditures or tax or system revenues

There are six financial debt indicators that have been included in the analysis to provide a clear understanding of the overall debt outstanding and the debt servicing costs

Financial Debt Indicator One Tax Debt Interest as of Own Source Revenues

This ratio indicates the extent to which the municipalityrsquos own source revenues are committed to debt interest charges This is calculated using Schedule 40 of the Financial Information Returns and the Own

Source Revenues in Schedule 81 less WaterWW revenues in Schedule 12

Formula

Tax Debt Interest

Own Source Revenues

Municipal Financial Indicators 97

Municipal Study 2018

Financial Debt Indicator Two Debt Charges as a of Own Source Revenues (Debt Service Ratio)

Debt Service is the amount of principal and interest that a municipality must pay each year to service the

debt (principal and interest expenses) As debt service increases it reduces expenditure flexibility This shows the of total debt expenditures including interest as a of own source revenue It is a measure of the municipalityrsquos ability to service its debt payments Schedule 74C has been used for the total debt charges (line 3099) and the tax debt charges (line 3012)

Formula

Debt Principal and Interest Payments

Own Source Revenue

Target

Credit rating agencies consider that principal and interest should be below 10 of Own Source Revenues

Interpretations

This indicator will trigger a warning if the increase in debt service consistently exceeds the increase in own source revenues

Financial Debt Indicator Three Debt Outstanding per Capita

This provides the debt outstanding as reflected on Schedule 74A divided by the population

Formula

Total Debt Outstanding

Population

Municipal Financial Indicators 98

Municipal Study 2018

Financial Debt Indicator Four Debt Outstanding Per Own Source Revenues

This provides the debt outstanding as reflected on Schedule 74A divided by the municipalityrsquos own source revenues as reflected in Schedule 81

Formula

Total Debt Outstanding

Own Source Revenue

Financial Debt Indicator Five Debt to Reserve Ratio

Formula

Debt Outstanding

Reserves and Reserve Funds (Excluding Obligatory Reserve

Funds)

Financial Debt Indicator Six Debt Outstanding as a of Unweighted Assessment

This provides the debt outstanding as reflected on Schedule 74A divided by the municipalityrsquos own source revenues as reflected in Municipalityrsquos Levy by‐laws

Formula

Total Debt Outstanding

Unweighted Assessment

Target

This indicator provides a measure for financial prudence by comparing total debt to the total reserve balances Generally the benchmark suggested by credit rating agencies for this ratio is 11 or in other words debt should not exceed total reserve and reserve fund balances A 11 ratio reflects that for every dollar of debt there is a dollar of reserves

Municipal Financial Indicators 99

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend

Municipality 2013 2014 2015 2016 2017

Brampton 00 00 00 00 00

East Gwillimbury 00 00 00 00 00

Erin 00 11 08 08 00

Espanola 03 00

Mapleton 00 00 00 00 00

Richmond Hill 00 00 00 00 00

Tiny 00

West Lincoln 00 00 00 00 00

Whitby 00 00 00 00 00

Wilmot 15 00 00 00 00

Kenora 07 07 00 00 00

North Middlesex 02 01 01

Wainfleet 03 03 03 02 01

Grimsby 00 02 01 00 01

Puslinch 00 05 04 03 02

Markham 02 02 02 02 02

Sarnia 07 06 05 02 02

Wellesley 06 04 03 01 02

Sault Ste Marie 05 04 03 03 02

Thorold 05 05 05 03 03

Saugeen Shores 05 05 04 04 03

Greater Sudbury 03 03 04 03 03

Cambridge 04 04 03 04 03

Niagara‐on‐the‐Lake 05 03 03 05 04

Penetanguishene 04

Grey Highlands 01 02 02 01 04

Mississauga 01 02 03 04 04

Georgina 00 00 00 03 04

Brock 07 06 06 05 04

Vaughan 13 12 12 10 04

Orillia 09 08 07 05 04

Fort Erie 07 07 06 06 05

Brantford 03 05

Kincardine 00 04 06 09 06

Strathroy‐Caradoc 07 07 06 07 07

Thunder Bay 09 08 08 07 07

Municipal Financial Indicators 100

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Timmins 11 10 09 08 08

Clarington 13 12 11 09 08

Tay 08

Barrie 08 08 07 08 08

Pickering 09 09 08 08 08

Hamilton 13 11 11 09 09

Cornwall 12 12 09 10 09

Windsor 11 11 09 09 09

Meaford 17 13 12 10 09

Lincoln 05 06 06 08 09

Springwater 09 10 12 11 09

Elliot Lake 11 03 06 10 09

North Dumfries 00 15 13 11 10

Chatham‐Kent 00 16 14 13 10

Caledon 19 19 14 12 10

Centre Wellington 00 15 14 10 10

London 13 13 12 11 10

St Thomas 12 13 11 10 10

North Bay 19 19 17 11 10

Brockton 10

Prince Edward County 17 15 13 10 11

Woolwich 15 14 13 10 11

Kitchener 15 14 14 00 11

Norfolk 10 11

Greenstone 27 26 24 20 11

Ingersoll 12 17 15 13 11

Orangeville 23 23 21 15 11

Halton Hills 13 15 15 13 12

Burlington 14 13 12 13 12

Owen Sound 16 17 15 15 12

Guelph 15 16 12 14 12

Brant County 13 08 19 17 13

Bracebridge 21 19 17 14 13

King 15 14 15 14 14

Brockville 22 20 16 14 14

Milton 15 13 15 15 15

Municipal Financial Indicators 101

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Oakville

Bancroft

Middlesex Centre

Haldimand

Guelph‐Eramosa

Newmarket

Parry Sound

Wellington North

Oshawa

Peterborough

Innisfil

Lambton Shores

Stratford

Huntsville

Tillsonburg

St Marys

Quinte West

Port Colborne

St Catharines

North Stormont

Collingwood

Belleville

Minto

North Perth

Welland

Whitchurch ‐ Stouffville

Kingston

Ottawa

Waterloo

Toronto

Pelham

Gravenhurst

10

25

00

26

00

00

22

19

33

25

24

34

39

00

10

00

22

00

33

08

00

47

22

43

23

30

42

41

10

76

09

23

24

24

19

31

23

19

30

21

23

28

29

31

12

19

21

00

28

14

14

37

40

28

32

39

42

11

69

16

16

15

20

22

20

25

21

18

28

20

23

26

26

27

13

12

24

00

29

14

13

29

32

39

27

31

39

39

14

60

17

15

17

17

19

20

20

19

19

21

20

22

25

24

25

19

15

24

21

26

21

20

29

30

38

29

31

36

39

19

54

15

16

16

16

16

17

17

18

18

18

19

19

19

20

20

21

21

22

23

23

23

24

25

25

27

29

29

30

33

38

46

47

Average

Median

13

10

14

12

13

12

12

10

12

10

Municipal Financial Indicators 102

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

District Muskoka

Region Durham

Region Halton

Region Peel

Region York

Region Waterloo

Region Niagara

06

09

07

14

17

18

16

05

10

06

14

19

23

16

05

09

08

12

18

23

17

05

08

08

11

20

21

27

04

06

07

09

19

24

26

Average

Median

12

14

13

14

13

12

14

11

14

09

Grey County

Elgin County

Simcoe County

Wellington County

Dufferin County

Bruce County

16

01

04

05

14

22

30

01

04

06

13

19

26

00

04

05

11

16

22

Average

Median

16

16

13

10

11

09

10

08

Municipal Financial Indicators 103

Municipal Study 2018

2017 Total and Tax Debt Charges as a of Own Source Revenues 2017 Total Debt Charges as a of Own Source

2017 Tax Debt Charges as a of Own Source

Municipality Revenues Revenues

Brampton 00 00

East Gwillimbury 00 00

Kenora 00 00

Kingston 65 00

Markham 03 00

North Perth 48 00

Richmond Hill 00 00

Timmins 36 00

Tiny 00 00

West Lincoln 00 00

Whitby 00 00

Wilmot 00 00

North Dumfries 33 01

Grimsby 02 02

Caledon 40 04

Clarington 48 04

Windsor 20 05

Thorold 06 08

Brock 10 10

Wainfleet 12 10

Georgina 33 11

Sault Ste Marie 15 12

Chatham‐Kent 54 14

Strathroy‐Caradoc 56 15

Tay 64 15

Innisfil 50 17

Wellesley 18 18

Whitchurch ‐ Stouffville 58 19

Centre Wellington 80 19

Brantford 33 23

Puslinch 23 23

Oakville 47 25

Woolwich 21 25

Halton Hills 74 25

St Thomas 30 26

Mississauga 26 26

2017 Total Debt Charges as a of Own Source

2017 Tax Debt Charges as a of Own Source

Municipality Revenues Revenues

Greater Sudbury 22 26

Penetanguishene 21 27

Elliot Lake 23 29

Thunder Bay 54 31

Vaughan 23 31

Brant County 44 31

Fort Erie 37 33

Kincardine 33 34

Niagara‐on‐the‐Lake 24 34

Orillia 29 35

Springwater 66 36

Bracebridge 36 36

Prince Edward County 71 36

Erin 32 37

Parry Sound 80 38

Espanola 30 38

North Middlesex 45 38

Cambridge 25 39

Middlesex Centre 88 39

Barrie 85 42

Kitchener 38 42

Meaford 57 43

Milton 86 43

Pickering 44 44

Grey Highlands 38 44

Lincoln 41 48

Waterloo 48 48

Newmarket 43 49

Sarnia 37 50

Hamilton 51 53

Owen Sound 89 55

Cornwall 47 55

Huntsville 55 55

Ingersoll 56 56

Peterborough 94 56

Belleville 71 56

Municipal Financial Indicators 104

Municipal Study 2018

2017 Total and Tax Debt Charges as a of Own Source Revenues (contrsquod)

Municipality

2017 Total Debt Charges as a of Own Source Revenues

2017 Tax Debt Charges as a of Own Source Revenues Municipality

2017 Total Debt Charges as a of Own Source Revenues

2017 Tax Debt Charges as a of Own Source Revenues

Oshawa 57 57 Region Peel 94 06

Norfolk 56 57 District Muskoka 61 08

Brockton 57 61 Region York 231 14

Haldimand 53 63 Region Durham 63 18

Stratford 91 64 Region Halton 55 19

Orangeville 56 64 Region Niagara 71 87

Ottawa 79 66 Region Waterloo 98 89

London 70 67 Average 96 34 North Bay 90 69 Median 71 18

Saugeen Shores 54 70

Burlington

St Marys

71

60

71

71

Grey County

Elgin County

00

04

00

04

Pelham 117 72 Wellington County 40 35

Brockville 61 73 Simcoe County 36 36

Tillsonburg 76 76 Dufferin County 60 60

Guelph 78 78 Bruce County 70 70

Quinte West 66 81 Average 35 34

North Stormont 78 84 Median 38 35

Toronto 78 87

Port Colborne 70 95

King 82 96

St Catharines 86 98

Guelph‐Eramosa 80 101

Gravenhurst 103 103

Greenstone 98 107

Collingwood 92 112

Lambton Shores 83 114

Bancroft 98 129

Wellington North 98 130

Welland 90 132

Minto 124 165

Average 51 44 Median 51 38

Municipal Financial Indicators 105

Municipal Study 2018

2017 Total Debt Outstanding Per Capita

Total Debt Tax Debt Outstanding Outstanding Per

Municipality Per Capita Capita

East Gwillimbury ‐$ ‐$

Espanola 1112 $ ‐$

Richmond Hill ‐$ ‐$

Whitby ‐$ ‐$

Wilmot ‐$ ‐$

Kenora ‐$ ‐$

Tiny 3$ 3$

Puslinch 15 $ 15 $

West Lincoln 17 $ 17 $

Wainfleet 27 $ 27 $

Markham 35 $ 35 $

Georgina 232$ 44 $

Thorold 59 $ 59 $

Wellesley 60 $ 60 $

Sault Ste Marie 171 $ 83 $

Niagara‐on‐the‐Lake 157 $ 87 $

Saugeen Shores 707$ 88 $

Brock 94 $ 94 $

Sarnia 167$ 98 $

Woolwich 135$ 124 $

Penetanguishene 128 $ 128 $

Grimsby 133$ 133 $

North Dumfries 139 $ 135 $

Brampton 137$ 137 $

Centre Wellington 807 $ 145 $

Fort Erie 261 $ 151 $

Vaughan 179 $ 158 $

Clarington 173$ 173 $

Caledon 175$ 175 $

North Middlesex 286$ 185 $

Strathroy‐Caradoc 344 $ 191 $

Greater Sudbury 460 $ 192 $

Wellington North 407 $ 192 $

Lincoln 195$ 195 $

Cambridge 292$ 198 $

Mississauga 202$ 202 $

Total Debt Tax Debt Outstanding Outstanding Per

Municipality Per Capita Capita

Springwater 240$ 240 $

Elliot Lake 244$ 244 $

Windsor 373$ 265 $

Newmarket 377$ 270 $

Tay 980$ 283 $

Meaford 572$ 288 $

Guelph‐Eramosa 559$ 293 $

Orillia 307 $ 307 $

Grey Highlands 445$ 312 $

Kincardine 312 $ 312 $

Kitchener 313 $ 313 $

Timmins 1234 $ 322 $

Pickering 325$ 325 $

Erin 348$ 348 $

Ingersoll 358$ 358 $

King 551$ 377 $

Owen Sound 961$ 380 $

Chatham‐Kent 847 $ 382 $

Huntsville 382 $ 382 $

North Stormont 382$ 382 $

Milton 412 $ 412 $

Halton Hills 433 $ 433 $

Burlington 459$ 459 $

Oshawa 472$ 472 $

Norfolk 895$ 475 $

Minto 992$ 489 $

Brockton 511$ 511 $

Prince Edward County 1600 $ 518 $

Hamilton 739 $ 523 $

Waterloo 572$ 527 $

Brantford 771$ 529 $

Barrie 2061 $ 531 $

Orangeville 1026 $ 533 $

Middlesex Centre 1178 $ 540 $

Oakville 579 $ 579 $

Innisfil 596$ 596 $

Municipal Financial Indicators 106

Municipal Study 2018

2017 Total Debt Outstanding Per Capita (contrsquod)

107Municipal Financial Indicators

Municipality

Total Debt Outstanding

Per Capita

Tax Debt Outstanding Per

Capita

Tillsonburg 601 $ 601 $

Whitchurch ‐ Stouffville 602 $ 602 $

London 778 $ 616 $

Bracebridge 641 $ 641 $

Haldimand 1000$ 657 $

Lambton Shores 1059 $ 672 $

Cornwall 910$ 684 $

St Thomas 824 $ 693 $

Bancroft 1568 $ 717 $

Welland 830$ 730$

St Catharines 783 $ 756 $

Mapleton 900$ 762 $

Guelph 788 $ 769 $

North Bay 1110$ 787 $

Collingwood 1176 $ 795 $

Brockville 1191 $ 818 $

Thunder Bay 1777 $ 868 $

Parry Sound 2076 $ 891 $

St Marys 1223 $ 1052 $

Brant County 1366 $ 1068 $

North Perth 1163 $ 1072 $

Port Colborne 1287 $ 1117 $

Quinte West 2233 $ 1136 $

Peterborough 1482 $ 1175 $

Stratford 2082 $ 1331 $

Belleville 1814 $ 1377 $

Gravenhurst 1489 $ 1489 $

Pelham 1772 $ 1707 $

Ottawa 2417 $ 1731 $

Kingston 2855 $ 1913 $

Toronto 2168 $ 2168 $

Greenstone 3335 $ 3335 $

Average 731 $ 507 $ Median 555 $ 379 $

Municipality

Total Debt Outstanding Per Capita

Tax Debt Outstanding Per

Capita

Region Durham 167 $ 132 $

District Muskoka 1063 $ 157 $

Region Peel 976$ 176 $

Region Halton 548$ 189 $

Region Niagara 733$ 589 $

Region York 2911 $ 763 $

Region Waterloo 1224 $ 854 $

Average 1089$ 408$ Median 976$ 189$

Grey County 17 $ 17 $

Simcoe County 58 $ 58 $

Elgin County 94 $ 94 $

Wellington County 114 $ 114 $

Dufferin County 280$ 280 $

Bruce County 301$ 301 $

Average 144$ 144$

Median 104$ 104$

Municipal Study 2018

2017 Debt Outstanding Per Own Source Revenues

Municipality

Debt Outstanding as a of Own Source Revenues

Cambridge 236

Municipality

Debt Outstanding as a of Own Source Revenues

Springwater 242

Strathroy‐Caradoc 258

Ingersoll 295

Newmarket 301

Guelph 306

Meaford 308

Hamilton 313

King 330

Brantford 335

Grey Highlands 346

London 350

Wellington North 351

Chatham‐Kent 358

Brockton 361

Pickering 370

Innisfil 382

Cornwall 389

Burlington 395

St Thomas 395

Saugeen Shores 399

Huntsville 402

Waterloo 411

Thunder Bay 412

Espanola 425

Erin 427

Oakville 436

Haldimand 438

Oshawa 439

Halton Hills 446

St Marys 454

North Bay 456

Owen Sound 458

Timmins 463

Milton 490

Brockville 491

Norfolk 493

East Gwillimbury 00

Kenora 00

Richmond Hill 00

Whitby 00

Wilmot 00

Tiny 02

West Lincoln 14

Puslinch 22

Wainfleet 24

Markham 34

Thorold 44

Sault Ste Marie 72

Penetanguishene 73

Niagara‐on‐the‐Lake 98

Sarnia 99

Brock 104

Wellesley 107

Orillia 127

Brampton 140

Kincardine 141

Vaughan 144

Grimsby 149

Elliot Lake 150

Caledon 152

Windsor 154

North Middlesex 163

Fort Erie 172

Woolwich 186

Greater Sudbury 187

North Dumfries 194

Mississauga 198

Georgina 205

Kitchener 206

Clarington 216

Lincoln 221

Municipal Financial Indicators 108

Municipal Study 2018

2017 Debt Outstanding Per Own Source Revenues (contrsquod)

Municipality

Debt Outstanding as a of Own Source Revenues

Tillsonburg 509

Collingwood 526

Whitchurch ‐ Stouffville 538

Lambton Shores 545

Welland 557

Orangeville 566

North Stormont 568

Brant County 587

Bracebridge 587

North Perth 596

Peterborough 605

St Catharines 652

Toronto 672

Guelph‐Eramosa 696

Parry Sound 710

Tay 716

Belleville 729

Stratford 747

Greenstone 752

Centre Wellington 784

Prince Edward County 804

Minto 808

Middlesex Centre 809

Port Colborne 827

Bancroft 858

Ottawa 888

Barrie 928

Kingston 932

Mapleton 1059

Gravenhurst 1082

Quinte West 1314

Pelham 1637

Average 409

Median 385

Municipality

Debt Outstanding as a of Own Source Revenues

Region Durham

Region Halton

District Muskoka

Region Niagara

Region Peel

Region Waterloo

Region York

114

456

530

576

911

935

2069

Average

Median

799

576

Grey County

Simcoe County

Elgin County

Wellington County

Dufferin County

Bruce County

22

90

107

235

354

388

Average

Median

199

171

Municipal Financial Indicators 109

Municipal Study 2018

Debt To Reserve RatiomdashTrend

This includes discretionary reserves and all outstanding debt as reflected on Schedules 60 and 74A of the 2017 FIRs Note Reserves excludes obligatory reserves

Municipality 2013 2014 2015 2016 2017

Orillia (33) 53 12 12 (31)

East Gwillimbury 00 00 00 ‐

Kenora 03 03 ‐

Richmond Hill ‐

Whitby 00 ‐

Wilmot 00 ‐

Tiny 00

West Lincoln 00 00 00 00 00

Thorold 01 01 01 00 00

Puslinch 02 01 01 00

Wainfleet 01 01 01 00 00

Brock 02 01 01 01 01

Markham 00 01 01 01 01

Kincardine 01 02 01 01

Wellesley 01 01 01 02 02

Penetanguishene 02

North Middlesex 04 03 02

Elliot Lake 01 01 03 02 02

Grimsby 00 02

Vaughan 03 03 03 02 02

Lincoln 02 01 01 03 02

Springwater 03 04 03 03 02

Brampton 00 04 03 03 02

Clarington 03 03 03 03 02

Niagara‐on‐the‐Lake 04 03 05 03 02

Sarnia 12 09 06 05 03

North Dumfries 10 09 06 03

Woolwich 05 05 04 03 03

Georgina 06 05 04 04 03

Wellington North 05 05 04 03

Haldimand 03 03 03

Fort Erie 08 05 04 04 03

Sault Ste Marie 04 03 03 03 04

Strathroy‐Caradoc 08 08 07 05 04

Caledon 05 05 05 05 04

Mississauga 02 02 03 03 04

Municipal Financial Indicators 110

Municipal Study 2018

Debt To Reserve RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Pickering 06 04 04 05 04

London 09 07 06 05 05

Grey Highlands 03 03 02 04 05

Windsor 06 06 05 05 05

Ingersoll 15 19 11 08 05

Brockton 05

Saugeen Shores 07 07 07 06 05

Greater Sudbury 02 02 05 05 05

Cambridge 03 03 03 04 05

Hamilton 06 06 06 07 06

Guelph 06 05 05 07 06

King 12 08 10 08 06

Lambton Shores 21 14 10 08 06

Meaford 16 13 11 08 06

Chatham‐Kent 10 08 07 06

Oakville 03 02 07 06 06

Halton Hills 12 15 11 08 06

Newmarket 10 10 10 08 06

Collingwood 11 12 09 09 06

Norfolk 05 07

Burlington 07 07 06 08 07

Erin 06 05 08 07

Milton 07 06 06 04 07

Owen Sound 08 06 06 08 07

Brantford 08

Parry Sound 08 08 08 08

Innisfil 09 08 08 11 08

Espanola 12 08

St Marys 11 08 08 09

Cornwall 05 05 05 08 09

Mapleton 05 06 09

Brant County 13 08 08 07 09

Tay 09

Centre Wellington 11 11 09 09

North Stormont 11 09

Bracebridge 07 06 08 06 10

Municipal Financial Indicators 111

Municipal Study 2018

Debt To Reserve RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Minto

Oshawa

Peterborough

Guelph‐Eramosa

North Perth

Middlesex Centre

Huntsville

North Bay

St Thomas

Kitchener

Kingston

Port Colborne

Welland

Orangeville

Belleville

Gravenhurst

Whitchurch ‐ Stouffville

Waterloo

Thunder Bay

St Catharines

Toronto

Timmins

Stratford

Brockville

Tillsonburg

Barrie

Greenstone

Prince Edward County

Bancroft

Quinte West

Ottawa

Pelham

20

08

26

19

28

08

25

13

20

36

20

24

16

13

15

13

19

09

33

22

30

42

58

31

17

58

13

08

22

09

24

14

23

08

20

13

10

20

21

15

24

13

12

17

13

20

07

30

23

25

40

50

29

20

49

17

09

15

10

10

20

20

20

23

06

18

13

07

20

14

19

24

13

13

18

21

22

16

31

21

30

32

35

22

26

52

18

13

13

10

14

14

15

17

16

06

16

12

07

16

10

18

20

14

17

20

18

21

23

27

26

31

30

32

21

32

50

37

10

10

11

12

12

12

13

13

13

13

14

14

14

14

15

16

16

16

18

19

21

22

22

24

25

27

30

30

31

31

43

164

Average

Median

11

08

11

08

10

08

10

07

10

06

Municipal Financial Indicators 112

Municipal Study 2018

Debt To Reserve RatiomdashTrend (contrsquod)

Municipality

Region Durham

Region Halton

District Muskoka

Region Peel

Region Niagara

Region York

Region Waterloo

2013

03

04

12

10

08

17

20

2014

03

04

11

10

10

17

23

2015

02

04

09

09

11

15

25

2016

01

03

07

09

12

14

24

2017

01

03

06

08

12

13

23

Average

Median

11

10

11

10

11

09

10

09

09

08

Grey County

Simcoe County

Elgin County

Wellington County

Dufferin County

Bruce County

05

01

03

08

04

13

12

00

02

05

05

09

10

00

01

03

04

07

08

Average

Median

05

05

07

06

05

05

04

03

Municipal Financial Indicators 113

Municipal Study 2018

Debt Outstanding per $100000 of Unweighted AssessmentmdashTrend

Municipality 2013 2014 2015 2016 2017

East Gwillimbury 1$ 1$ 0$ ‐$

Kenora 555$ 489 $ ‐$

Richmond Hill ‐$

Whitby ‐$

Wilmot 2$ ‐$

Tiny 1$

Puslinch 24 $ 18$ 12 $ 6$

West Lincoln 3$ 22 $ 17 $ 13 $

Markham 18 $ 22 $ 20$ 17 $ 14$

Wainfleet 42 $ 35 $ 26$ 17 $ 17 $

Wellesley 38 $ 27 $ 16$ 45 $ 36$

Thorold 108$ 98 $ 88$ 63 $ 54$

Niagara‐on‐the‐Lake 103 $ 80 $ 98$ 79 $ 60$

Brock 95 $ 86 $ 77 $ 68$ 60$

Vaughan 113$ 99 $ 75 $ 66$ 66$

North Dumfries 116 $ 102 $ 88$ 74$

Caledon 144$ 119 $ 98$ 95 $ 74$

Woolwich 125 $ 114 $ 104$ 92 $ 82 $

Grimsby 1$ 0$ 2$ 92 $

Brampton 119 $ 108 $ 97 $

Mississauga 42 $ 64 $ 84$ 95 $ 103 $

North Middlesex 207 $ 152 $ 109 $

Penetanguishene 118 $

Clarington 190$ 217 $ 181 $ 149 $ 130$

Springwater 207$ 242 $ 216 $ 188 $ 135 $

Lincoln 112$ 91 $ 99 $ 170$ 138 $

Georgina 238$ 208 $ 182 $ 182 $ 150$

Kincardine 170 $ 237 $ 201 $ 159 $

Sarnia 420$ 361 $ 283 $ 237 $ 172 $

Erin 121$ 100$ 196 $ 172 $

King 345$ 274 $ 296 $ 233 $ 178 $

Pickering 144$ 149 $ 123 $ 144$ 185 $

Sault Ste Marie 227 $ 175 $ 145 $ 122 $ 196 $

Newmarket 362$ 319 $ 281 $ 238 $ 198 $

Huntsville 312 $ 283 $ 256 $ 234$ 207 $

Grey Highlands 13$ 113 $ 93 $ 168 $ 212 $

Municipal Financial Indicators 114

Municipal Study 2018

Debt Outstanding per $100000 of Unweighted AssessmentmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Oakville 135 $ 108 $ 275 $ 238 $ 213 $

Burlington 219 $ 212 $ 210 $ 252 $ 221 $

Milton 212 $ 169 $ 234 $ 192 $ 225 $

Halton Hills 279 $ 370 $ 321 $ 279 $ 226 $

Fort Erie 347 $ 299 $ 257 $ 285 $ 233 $

Cambridge 111 $ 97 $ 143 $ 166 $ 240 $

North Stormont 259 $ 242 $

Orillia 533 $ 462 $ 395 $ 329 $ 259 $

Kitchener 481 $ 417 $ 360 $ 310 $ 270 $

Whitchurch ‐ Stouffville 427 $ 1125 $ 376 $ 321 $ 273 $

Wellington North 517 $ 468 $ 367 $ 277 $

Guelph‐Eramosa 221 $ 193 $ 324 $ 278 $

Strathroy‐Caradoc 475 $ 425 $ 367 $ 357 $ 286 $

Innisfil 577 $ 515 $ 471 $ 405 $ 333 $

Bracebridge 206 $ 188 $ 170 $ 156 $ 345 $

Waterloo 445 $ 461 $ 416 $ 373 $ 348 $

Meaford 598 $ 523 $ 455 $ 404 $ 355 $

Brockton 365 $

Ingersoll 547 $ 615 $ 536 $ 464 $ 385 $

Saugeen Shores 625 $ 550 $ 487 $ 448 $ 397 $

Oshawa 570 $ 563 $ 507 $ 485 $ 405 $

Mapleton 147$ 225 $ 421 $

Lambton Shores 740 $ 656 $ 586 $ 509 $ 431 $

Greater Sudbury 245 $ 201 $ 520 $ 491 $ 442 $

Elliot Lake 197 $ 164 $ 618 $ 556 $ 492 $

Windsor 735 $ 2773 $ 642 $ 584 $ 527 $

Centre Wellington 761 $ 688 $ 605 $ 531 $

Guelph 659 $ 554 $ 480 $ 738 $ 566 $

Gravenhurst 758 $ 707 $ 658 $ 618 $ 569 $

Middlesex Centre 921 $ 808 $ 712 $ 624 $ 573 $

Hamilton 677 $ 749 $ 637 $ 725 $ 598 $

Tillsonburg 819 $ 725 $ 649 $ 618 $ 610 $

North Perth 1078 $ 855 $ 727 $ 620 $

Norfolk 642 $

Collingwood 1077 $ 1045 $ 915 $ 818 $ 688 $

Chatham‐Kent ‐$ 1110 $ 977 $ 845 $ 710 $

Municipal Financial Indicators 115

Municipal Study 2018

Debt Outstanding per 100000 of Unweighted AssessmentmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

London

Brantford

Haldimand

St Catharines

Tay

Orangeville

Brant County

Minto

Prince Edward County

Toronto

Welland

St Thomas

North Bay

Owen Sound

St Marys

Cornwall

Brockville

Pelham

Port Colborne

Peterborough

Ottawa

Espanola

Timmins

Barrie

Bancroft

Stratford

Belleville

Thunder Bay

Parry Sound

Kingston

Quinte West

Greenstone

1052 $

595 $

625 $

782 $

1110 $

935 $

1287 $

727 $

1364 $

1100 $

802 $

978 $

234 $

1199 $

1528 $

555 $

1807 $

2300 $

1139 $

2109 $

1914 $

936 $

3515 $

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

973

573

636

865

686

1002

929

1217

659

1214

953

1426

706

1021

266

559

1185

1362

501

1744

2061

1028

1984

2078

1813

1054

3242

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

910

642

786

596

779

840

889

957

1150

576

1369

819

1288

729

875

364

766

1296

1311

1556

1027

1666

2255

1587

1941

1909

1989

1505

2979

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

799

676

771

511

700

1018

791

917

1092

586

1189

1214

1153

1176

1195

887

670

1428

1307

1648

1706

2019

2003

1979

2111

1791

2169

2913

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

740

755

759

759

789

806

846

851

966

974

1011

1036

1064

1066

1155

1181

1202

1246

1337

1414

1473

1490

1542

1589

1656

1774

1821

1926

1967

2226

2303

2555

Average

Median

616 $

507 $

$

$

608

462

$

$

590

461

$

$

602

404

$

$

579

351

Municipal Financial Indicators 116

Municipal Study 2018

Debt Outstanding per 100000 of Unweighted AssessmentmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Region Durham

Region Halton

District Muskoka

Region Peel

Region Niagara

Region Waterloo

Region York

291 $

319 $

377 $

782 $

488 $

698 $

1261 $

297 $

307 $

710 $

552 $

955 $

1339 $

249 $

315 $

315 $

642 $

623 $

926 $

1333 $

193 $

292 $

294 $

633 $

607 $

948 $

1261 $

119 $

245 $

266 $

556 $

619 $

918 $

1167 $

Average

Median

602 $

488 $

693 $

631 $

629 $

623 $

604 $

607 $

556 $

556 $

Elgin County

Dufferin County

Grey County

Simcoe County

Wellington County

Bruce County

242 $

79 $

227 $

20 $

48 $

208 $

204 $

86 $

201 $

13 $

39 $

190 $

190 $

‐$

‐$

10 $

32 $

158 $

161 $

Average

Median

242 $

242 $

131 $

141 $

120 $

138 $

60 $

21 $

Municipal Financial Indicators 117

Municipal Study 2018

Taxes Receivable as a of Taxes Levied

This ratio is a strong indicator of the strength of a local economy and the ability of residents to pay their annual taxes This is calculated using Schedule 72A of the Financial Information Returns

Formula

Taxes Receivable

Taxes Levied

Target

Credit Rating agencies consider over 8 a negative factor

Interpretations

If this percentage increases over time it may indicate a decline in the municipalityrsquos economic health

Taxes Receivable as a of Tax LeviedmdashBy Location

Taxes Receivables

SimcoeMuskDuff

North

Eastern

NiagaraHamilton

Southwest

GTA

Municipal Financial Indicators 118

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location

Municipality 2013 2014 2015 2016 2017

Mississauga

Newmarket

Burlington

Oshawa

Milton

Oakville

Markham

Halton Hills

Toronto

Clarington

Whitby

Brampton

Vaughan

Richmond Hill

Caledon

Brock

East Gwillimbury

Georgina

Pickering

Whitchurch ‐ Stouffville

King

26

40

31

26

37

38

54

60

41

54

48

60

75

00

79

123

91

76

84

74

143

27

34

33

18

45

35

49

52

43

48

45

62

51

68

106

75

79

73

75

151

27

32

28

22

32

38

46

46

40

46

44

51

53

53

87

67

65

76

84

151

23

27

28

18

34

37

42

41

42

43

39

45

47

51

55

74

58

62

75

82

118

21

23

26

28

35

36

38

40

40

45

46

50

50

54

55

67

68

70

77

80

119

GTA Average

GTA Median

60

57

58

51

55

46

49

44

51

46

Municipal Financial Indicators 119

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location (contrsquod)

Municipality 2013 2014 2015 2016 2017

Kingston 36 29 29 23 21

Peterborough 36 37 32 23 23

Belleville 27 35 26 28 28

Cornwall 40 34 36 36 42

Ottawa 35 43 47 50 52

Prince Edward County 117 109 98 105 86

Quinte West 76 79 57 65 90

North Stormont 00 00 00 119 99

Brockville 49 55 75 84 104

Bancroft 166

Eastern Average 46 47 44 59 71

Eastern Median 36 37 36 50 69

Municipality 2013 2014 2015 2016 2017

Niagara‐on‐the‐Lake

St Catharines

Lincoln

Pelham

Fort Erie

Grimsby

Welland

Port Colborne

Wainfleet

Hamilton

Thorold

West Lincoln

71

61

92

81

109

00

125

118

85

85

141

58

62

74

72

100

66

124

58

114

86

61

164

48

64

82

77

91

54

140

59

95

84

73

148

31

55

60

71

83

61

104

58

76

81

59

94

30

51

52

55

60

64

64

72

73

74

99

102

NiagaraHamilton Average

NiagaraHamilton Median

88

86

80

72

84

79

69

64

66

64

Municipal Financial Indicators 120

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location (contrsquod)

Municipality 2013 2014 2015 2016 2017

Kenora 19 23 15 13 10

Greater Sudbury 28 23 25 24 30

Parry Sound 68 67 46 34

North Bay 42 48 45 40 45

Thunder Bay 63 54 71 63 58

Espanola 52 73

Elliot Lake 34 38 42 42 79

Timmins 66 72 65 60 79

Greenstone 182 183 186 162 129

Sault Ste Marie 128 117 110 150 195

North Average 70 69 68 67 73

North Median 53 54 58 46 65

Municipality 2013 2014 2015 2016 2017

Orangeville

Barrie

Penetanguishene

Gravenhurst

Collingwood

Bracebridge

Tiny

Orillia

Innisfil

Springwater

Tay

Huntsville

52

60

137

79

130

109

90

125

141

30

63

115

85

122

114

95

117

154

19

59

88

72

103

100

102

102

157

20

50

67

61

79

81

91

90

129

11

50

59

65

73

76

83

84

85

86

92

125

SimcoeMuskDuff Average

SimcoeMuskDuff Median

103

109

99

114

89

100

74

79

74

79

Municipal Financial Indicators 121

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location (contrsquod)

Municipality 2013 2014 2015 2016 2017

Sarnia

North Perth

London

Guelph

Tillsonburg

Wilmot

Ingersoll

Stratford

Brantford

Wellesley

Woolwich

Brant County

Centre Wellington

St Marys

Puslinch

Kitchener

Brockton

Waterloo

Chatham‐Kent

North Middlesex

Kincardine

Middlesex Centre

Strathroy‐Caradoc

Saugeen Shores

Owen Sound

Cambridge

St Thomas

Lambton Shores

Meaford

Guelph‐Eramosa

North Dumfries

Wellington North

Windsor

Norfolk

Erin

Minto

Mapleton

Grey Highlands

50

25

16

16

39

41

60

51

39

54

70

57

67

53

83

48

47

90

27

85

62

98

142

23

21

19

44

47

51

48

38

42

52

55

48

52

62

48

68

67

54

81

47

40

91

21

80

79

72

60

87

97

131

104

69

146

19

26

19

22

39

33

49

44

31

46

45

48

49

46

52

49

48

69

54

59

57

45

26

74

34

82

81

66

63

75

86

108

98

63

159

15

27

26

25

30

28

45

41

37

26

48

44

45

45

23

55

39

47

60

63

61

60

44

50

73

67

79

71

67

65

78

84

83

86

83

161

16

18

20

22

26

26

35

36

37

37

38

38

40

40

43

43

44

47

48

49

50

51

53

54

55

58

60

61

61

63

63

79

83

85

86

87

101

158

Southwest Average

Southwest Median

57

53

62

54

58

49

58

50

53

49

Municipal Financial Indicators 122

Municipal Study 2018

Rates Coverage Ratio

The Rates Coverage Ratio provides a measure of the municipalityrsquos ability to cover its costs through its

own sources of revenue According to the Ministry of Municipal Affairs and Housing a basic target is 40‐60 an intermediate is 60‐90 and an advanced target is 90 or greater

OSR as a of Total

Municipality Expenditures

Cornwall 620

St Thomas 626

Parry Sound 631

Wellesley 654

Norfolk 659

Milton 677

Bancroft 692

Peterborough 712

Greater Sudbury 743

Windsor 743

Brantford 745

Elliot Lake 757

Gravenhurst 757

North Stormont 776

Wilmot 777

Chatham‐Kent 781

Hamilton 791

Stratford 805

Tiny 808

Ottawa 808

Erin 814

Timmins 816

Toronto 825

London 834

Huntsville 836

Grey Highlands 841

North Dumfries 842

Prince Edward County 844

Tay 847

Brockton 854

Greenstone 854

Minto 855

Espanola 857

Puslinch 866

Kingston 874

Port Colborne 878

OSR as a of Total

Municipality Expenditures

Brampton 882

Guelph‐Eramosa 883

Halton Hills 890

Woolwich 897

Guelph 898

Bracebridge 899

Springwater 907

Clarington 909

Saugeen Shores 909

Lambton Shores 911

Kenora 912

Thunder Bay 912

Lincoln 913

Haldimand 916

Brock 919

Centre Wellington 923

Owen Sound 924

Markham 924

Vaughan 925

Barrie 927

Sault Ste Marie 929

North Bay 932

Grimsby 936

Pelham 938

Oakville 942

Mississauga 944

North Middlesex 950

Quinte West 956

Wellington North 958

Georgina 962

Waterloo 963

St Catharines 967

Newmarket 969

Whitchurch ‐ Stouffville 973

Brockville 973

Burlington 986

Municipal Financial Indicators 123

Municipal Study 2018

Rates Coverage Ratio Contrsquod

Municipality

OSR as a of Total

Expenditures

Pickering 987

Richmond Hill 990

Welland 998

Tillsonburg 1005

Thorold 1017

Cambridge 1022

Mapleton 1022

St Marys 1023

Belleville 1024

Penetanguishene 1024

Middlesex Centre 1028

Kincardine 1032

Sarnia 1036

Ingersoll 1038

Collingwood 1044

Oshawa 1045

Niagara‐on‐the‐Lake 1047

Kitchener 1047

King 1055

Caledon 1059

Fort Erie 1062

Orillia 1071

Wainfleet 1072

Brant County 1080

Innisfil 1092

East Gwillimbury 1093

Orangeville 1096

Meaford 1140

Strathroy‐Caradoc 1146

North Perth 1172

Whitby 1181

West Lincoln 1497

Average 921

Median 923

Municipality

OSR as a of Total

Expenditures

Region Niagara

Region Peel

Region Waterloo

District Muskoka

Region York

Region Durham

Region Halton

678

699

744

811

827

844

877

Average

Median

Simcoe County

Grey County

Wellington County

Dufferin County

Bruce County

Elgin County

783

811 3

509

580

581

647

652

654

Average

Median

604

614

Municipal Financial Indicators 124

Page 7: 2018 Final Report v8 - Stratford

401

Municipal Study 2018

Comparison of Water and Sewer User Costs

A comparison was made of watersewer costs in each municipality The following table summarizes the costs in the municipality for water and sewer on typical annual consumption against the overall survey average

2018 WaterSewer Cost of Service Stratford

Total Survey Average Southwest

Residential ‐ 200 m3

Commercial ‐ 10000 m3

Industrial ‐ 30000 m3

Industrial ‐ 100000 m3

Industrial ‐ 500000 m3

$

$

$

$

$

772

27162

80845

268568

1341044

1074 $

36054 $

102824 $

334031 $

1647471 $

1135 $

36709 $

104178 $

331985 $

1676956 $

2018 Property Taxes and WaterWastewater Costs as a of Income

This section of the report provides a comparison of the availability of gross household income to fund municipal services on a typical household This provides a measure of affordability within each community

2018 Affordability Indicators Stratford Total Survey Average Southwest

Property Taxes as a of Household Income

WaterSewer + Taxes as a of Household Income

45 38

54 49

36

48

Economic Development Programs

A summary was completed of programs that municipalities have implemented to promote economic

development in the areas of retention and expansion downtown development and brownfield

redevelopment

Executive Summary

1

Municipal Study 2018

Executive Summary

Municipal Study 2018

SECTION 1 Introduction

Since 2000 BMA Management Consulting Inc has annually completed a municipal comparative study on behalf of participating Ontario municipalities The Executive Summary provides an overview of the analysis

contained in the comprehensive report

The study identifies both key quantifiable indicators and selective environmental factors that should be considered as part of a comprehensive evaluation of a local municipalityrsquos financial condition Use of the study over a number of years provides trends to allow decision makers to monitor selected indicators over

time Trend analysis helps to provide interpretative context In addition context can be provided by

comparing a municipalityrsquos own experience with the experience of other municipalities

108 Ontario municipalities representing in excess of 85 of the population

Number of Populations Municipalities 100000 or greater 26

30000 ‐ 99999 27

15000 ‐ 29999 24

0 ‐ 14999 31

Total 108

The analysis was completed using the most recent information available as provided by the participating municipalities including

2018 Current Value Assessment

2018 Tax Policies

2018 Levy By‐laws

2018 Development Charges

2018 WaterSewer Rates

2017 FIRs

2018 User Fees

Economic Development Programs

Executive Summary 2

Municipal Study 2018

2018 Municipalities Included in the Study

The following provides a summary of the municipalities participating by population range

Populations 15000 or less

Populations 15000 ndash 29999

Populations 30000 ndash 99999

Populations gt100000

Bancroft

Brock

Brockton

Central Elgin

Elliot Lake

Erin

Espanola

Gravenhurst

Greenstone

Grey Highlands

Guelph‐Eramosa

Ingersoll

Kincardine

Lambton Shores

Mapleton

Meaford

Minto

North Dumfries

North Middlesex

North Perth

North Stormont

Parry Sound

Penetanguishene

Puslinch

Saugeen Shores

St Marys

Tay

Tiny

Wainfleet

Wellesley

Wellington North

Bracebridge

Brockville

Centre Wellington

Collingwood

East Gwillimbury

Grimsby

Huntsville

Kenora

King

Lincoln

Middlesex Centre

Midland

Niagara‐on‐the‐Lake

Owen Sound

Pelham

Port Colborne

Prince Edward County

Springwater

Strathroy‐Caradoc

Thorold

Tillsonburg

West Lincoln

Wilmot

Woolwich

Barrie

Brampton

Brantford

Burlington

Cambridge

Chatham‐Kent

Durham Region

Greater Sudbury

Guelph

Halton Region

Hamilton

Kingston

Kitchener

London

Markham

Milton

Mississauga

Niagara Region

Oakville

Oshawa

Ottawa

Peel Region

Richmond Hill

Simcoe County

St Catharines

Thunder Bay

Toronto

Vaughan

Waterloo Region

Waterloo

Whitby

Windsor

York Region

Aurora

Belleville

Brant

Bruce County

Caledon

Clarington

Cornwall

Fort Erie

Georgina

Grey County

Haldimand

Halton Hills

Innisfil

Muskoka District

Newmarket

Niagara Falls

Norfolk

North Bay

Orangeville

Orillia

Peterborough

Pickering

Quinte West

Sarnia

Sault Ste Marie

St Thomas

Stratford

Timmins

Welland

Wellington County

Whitchurch‐Stouffville

Executive Summary 3

Municipal Study 2018

SECTION 2 Socio‐Economic Indicators

A complete assessment of a municipalityrsquos financial condition should include consideration of socio‐economic factors Socio‐economic indicators describe and quantify a municipalityrsquos wealth and economic conditions and provide insight into a municipalityrsquos ability to generate revenue relative to the municipalitys demand for public services An evaluation of socio‐economic indicators contributes to the development of sound financial policies

Land Density

Population density indicates the number of residents living in an area (usually measured by square

kilometre) Analysis of density can provide insight into the age of a city growth patterns zoning practices and new development opportunities High population density can indicate whether a municipality may be reaching build‐out as well as service and infrastructure needs such as additional public transit or street

routes The following graph provides a summary of average population density per square kilometre by geographic location

GTA

SimcoeMuskDuff

Southwest

Eastern

NiagaraHamilton

North

Population Density per Sq Km

‐ 200 400 600 800 1000 1200

Executive Summary 4

Municipal Study 2018

Population Growth

The following graph shows the change in population from 2006‐2011 and from 2011‐2016 As shown in the graph the GTA municipalities experienced the largest population percentage growth in both periods

Northern municipalities experienced the lowest percentage of population growth

‐20

00

20

40

60

80

100

2006‐2011 2011‐2016

Household Income

Household income is one measure of a communityrsquos ability to pay While a higher relative household income is a positive indicator of the overall local economy it may lead to a greater expectation for quality programs and additional challenges in balancing desired levels of service with a willingness to pay for programs and services The average household income varies by geographic location The average household income in Northern municipalities was $84288 compared with $115474 in the GTA

Eastern

North

SimcoeMuskDuff

NiagaraHamilton

Southwest

GTA

2018 Household Income

$‐ $20000 $40000 $60000 $80000 $100000 $120000 $140000

Executive Summary 5

Municipal Study 2018

Assessment Per Capita

Property assessment is the basis upon which municipalities raise taxes A strong assessment base is critical to a municipalityrsquos ability to generate revenues Assessment per capita statistics have been compared to provide an indication of the ldquorichnessrdquo of the assessment base in each municipality Unweighted assessment provides the actual current value assessment of the properties Weighted assessment reflects the basis upon

which property taxes are levied after applying the tax ratios to the various property classes to the unweighted assessment The average assessment per capita is highest in the GTA and lowest in Northern

municipalities

GTA

SimcoeMuskDuff

Southwest

NiagaraHamilton

Eastern

North

Weighted Assessment per Capita

Unweighted Assessment per Capita

$‐ $50000 $100000 $150000 $200000 $250000

Assessment Change

Assessment growth provides an indication of how the base upon which

taxes are levied is changing over time From 2017mdash2018 the assessment increased by 62 on average across the 108 Ontario municipalities The GTA geographic area experienced the largest

increase at 98

Municipalities Grouped by Location 2014‐2015 2015‐2016 2016‐2017 2017‐2018

Eastern 41 48 24 39

North 56 50 07 41

Southwest 48 45 51 60

SimcoeMuskDuff 35 35 42 65

NiagaraHamilton 42 37 44 70

GTA 64 60 87 98

Executive Summary 6

Municipal Study 2018

Residential Properties

Residential properties were broken down by property type to provide an indication of the housing mix in each municipality The following graph reflects the average assessed values for residential properties by geographic location

Average House Value (000s)

GTA

SimcoeMuskDuff

Southwest

NiagaraHamilton

Eastern

North

$‐ $100 $200 $300 $400 $500 $600

Construction Activity

The three year average of building permits per capita were analyzed to provide a measure of relative building activity in each municipality and across the geographic locations The following reflects the results from 2015‐2017

$‐ $1000 $2000 $3000 $4000

North

Eastern

Southwest

NiagaraHamilton

SimcoeMuskDuff

GTA

Construction per Capita (3 yr avg)

Executive Summary 7

0‐25 20

Municipal Study 2018

SECTION 3 Municipal Financial Sustainability Indicators

The Financial Indicators section of the report includes a number of indicators to assist municipalities in evaluating financial condition A municipalityrsquos financial position is defined as the total fund balances including equity in business government enterprises less the amount to be recovered in future years associated with long‐term liabilities A comparison was made of each municipalityrsquos overall financial position (assets less liabilities) There is a significant range in municipal financial position per capita across

Ontario from a low of negative ($2460) to a high of $4914 per capita The following graph provides the percentage of municipalities that fall within each range

Financial Position Per Capita

less than ‐$1000 12

‐$1000‐$0 13

greater than $1000 25

$0‐$1000 50

Asset Consumption Ratio

The asset consumption ratio reflects the written down value of the tangible capital assets in relation to the

historical costs of the assets This ratio seeks to highlight the aged condition of the assets and the potential asset replacement needs A higher ratio may indicate significant replacement needs However if assets are renewed and replaced in accordance with an asset management plan a high ratio should not be a cause

for concern The following graphs reflect the ratio ranges across the survey for tax water and wastewater assets

Tax Water Wastewater

26‐50 73

51‐75 22

greater than 75 greater than 75 greater than 75 1 11 51‐75 9 0‐25 4

26‐50 70

0‐25 17 51‐75 7

26‐50 75

Executive Summary 8

0‐30 23 40

2‐3 13

Municipal Study 2018

Reserves

Reserves are a critical component of a municipalityrsquos long‐term financing plan The following graphs provide the range of reserves as a percentage of own source revenues for tax supported services water and wastewater The level of reserves required will vary for a number of reasons including

Services provided by the municipality

Age and condition of infrastructure inventory of fleet and vehicles supporting municipal operations

Level of expenditures

Internal debt and reserve policies

Targets ranges established on a reserve by reserve basis

Economic conditions and projections

Tax of OSR Water of OSR WW of OSR

greater than 90 greater than 90

8 0‐30 20 0‐30 27

greater than 90 60‐90 27 43

30‐60 11

30‐60 29

60‐90 8 30‐60 45 60‐90 19

Debt Indicators

Debt indicators can reveal increasing reliance on debt decreasing flexibility sudden large increases or decreases in future debt service and the amount of debt that a community can absorb The following graphs

summarize the debt interest ratio for tax water and wastewater to provide an understanding of the percentage of municipalities within various ranges of the debt interest ratio This ratio indicates the extent

to which a municipalityrsquos operating revenues are committed to interest expenses

Tax Water WW

greater than 3 5

0‐2 9

2‐10 8

0‐2 14

greater than

2‐10 4

0‐1 51

1‐2 31

greater than 10 82 10 83

Executive Summary 9

Municipal Study 2018

Taxes Receivable as a of Taxes Levied

Every year a percentage of property owners is unable to pay property taxes If this percentage increases over time it may indicate an overall decline in the municipalityrsquos economic health Additionally as uncollected property taxes rise liquidity decreases If the percentage of uncollected property taxes increases over time it may indicate an overall decline in the municipalityrsquos economic health The following graph provides a summary of the 2017 taxes receivable as a percentage of taxes levied in each of the geographic areas

Taxes Receivables as Taxes Levied

SimcoeMuskDuff

North

Eastern

NiagaraHamilton

Southwest

GTA

00 20 40 60 80

SECTION 4 Revenue amp Expenditure Analysis

Net Municipal Levy per Capita and per $100000 of assessment

Different service levels

Variations in the types of services

Different methods of providing services

User fee policies

Different assessment composition

Varying demand for services

Locational factors

Demographic differences

Socio‐economic differences

Urbanrural composition differences

Levy per Capita Levy per $100000 of Assesment

Eastern

Southwest

GTA

NiagaraHamilton

SimcoeMuskDuff

North

$‐ $200 $400 $600 $800 $1000 $1200 $1400 $1600 $1800 $2000

An analysis of levy per capita and per $100000 of assessment does not indicate value for money or the effectiveness in meeting

community objectives Municipal levies may vary as a result of

Net municipal levy per capita was calculated using Manifold Data Mining 2018 estimated population and the

2018 municipal levies The net levy on a per capita basis ranged from $1006 to $3038 (with an average of $1527 per capita) Net levy per $100000 of assessment is also provided The net levy on a per $100000 of unweighted assessment basis ranged across the municipalities from $538 to $2328 (with an average of $1111 per $100000 of assessment)

Executive Summary 10

Municipal Study 2018

SECTION 5 Select User Fee and Revenue Information

The Select User Fee and Revenue Information section of the report includes development charges building

permit fees tipping fees and transit fares

Development Charges

The recovery of costs by Ontario municipalities for capital infrastructure required to support new growth is governed by the Development Charges Act (1997) and supporting regulations The following table

summarizes the 2018 development charges Note some municipalities do not charge development charges

Non‐

Apartment Apartment Non‐Residential Residential 2018 Development Multiples units gt=2 units lt 2 (per Commercial (per Industrial

Charges Residential Dwelling 3+ (per unit) unit) sqft) (per sqft)

North $ 13789 7645 $ 6624 $ 6624 $ 761 $ 463 $

Eastern $ 15360 11682 $ 9562 $ 7374 $ 917 $ 543 $

Southwest $ 20235 15639 $ 12058 $ 10239 $ 795 $ 627 $

SimcoeMuskDuff $ 25843 21705 $ 16842 $ 13480 $ 920 $ 731 $

NiagaraHamilton $ 27231 19513 $ 18055 $ 11481 $ 1640 $ 854 $

GTA $ 72422 59269 $ 43903 $ 32204 $ 4265 $ 2132 $

SECTION 6 Tax Policies

The relative tax burden in each class of property will be impacted by the type of tax policies implemented in each municipality As such an analysis of the 2018 tax policies that impact the relative tax position was completed The following table summarizes the range of 2018 tax ratios across the survey

2018 Tax Ratios Average Median Min Max

Multi‐Residential 17902 18831 10000 26342

Commercial 16871 16929 11000 28476

Industrial 21826 22150 11000 47186

Executive Summary 11

Municipal Study 2018

SECTION 7 Comparison of Relative Taxes

Like property comparisons were undertaken on 12 property types that were of most interest to the participating municipalities In order to calculate the relative tax burden of ldquolikerdquo properties every effort was

made to hold constant those factors deemed to be most critical in determining a propertyrsquos assessed value There are many reasons for differences in relative tax burdens across municipalities and across property

classes These include but are not limited to the following

The values of like properties vary significantly across municipalities

The tax ratios in each class and the use of optional classes

Non‐uniform education tax rates in the non‐residential classes

Tax burdens across municipalities also vary based on the level of service provided and the associated costs

of providing these services

Extent to which a municipality employs user fees or has access to other sources of revenues such as dividends from hydro utilities gaming amp casino revenues

Residential Detached Senior Industrial Standard per Vacant Land Properties Bungalow 2 Storey Executive Properties sqft Large per sqft per acre

North $ 3153 $ 4817 6570 $ North 190 $ 100 $ 2609 $

Eastern $ 3185 $ 4401 6273 $ Eastern 148 $ 119 $ 2579 $

Southwest $ 3093 $ 4322 6004 $ Southwest 142 $ 086 $ 2007 $

SimcoeMuskDuff $ 3014 $ 4037 5703 $ SimcoeMuskDuff 131 $ 103 $ 1949 $

NiagaraHamilton $ 3518 $ 4693 6328 $ NiagaraHamilton 188 $ 090 $ 3669 $

GTA $ 4188 $ 4955 6859 $ GTA 219 $ 158 $ 8602 $

Survey Average $ 3397 $ 4524 6286 $ Survey Average 167 $ 111 $ 3673 $

Survey Median $ 3345 $ 4636 6223 $ Survey Median 169 $ 108 $ 2106 $

Neigh Multi‐Residential High Rise per Commercial Shopping per Hotel per Motel per Properties Walk Up per Unit Unit Properties Office per sqft sqft suite suite

North 1329 $ 1636 $ North 301 $ 335 $ 1417 $ 1270 $

Eastern 1561 $ 2091 $ Eastern 318 $ 399 $ 1902 $ 1420 $

Southwest 1377 $ 1771 $ Southwest 297 $ 333 $ 1521 $ 1296 $

SimcoeMuskDuff 1026 $ 1615 $ SimcoeMuskDuff 278 $ 328 $ 1848 $ 1094 $

NiagaraHamilton 1618 $ 1752 $ NiagaraHamilton 280 $ 387 $ 1870 $ 1117 $

GTA 1401 $ 1544 $ GTA 341 $ 421 $ 1417 $ 1208 $

Survey Average 1382 $ 1715 $ Survey Average 304 $ 363 $ 1602 $ 1240 $

Survey Median 1365 $ 1744 $ Survey Median 305 $ 374 $ 1467 $ 1208 $

Executive Summary 12

Municipal Study 2018

SECTION 8 Comparison of WaterSewer Costs

The establishment of water and sewer rates is a municipal responsibility and the absence of standard procedures across Ontario has resulted in the evolution of a great variety of rate structure formats There was considerable diversity across the survey in terms of the costs of watersewer and how services are

charged

Residential Commercial Industrial Industrial Industrial

Volume 200 m3

10000 m3 30000 m3

100000 m3 500000 m3

Meter Size 58 2 3 4 6

Average 1074 $ 36054 $ 102824 $ 334031 $ $ 1647471

Median 1038 $ 33087 $ 96928 $ 313040 $ $ 1541796

Min 463 $ 9626 $ 22026 $ 89898 $ 370994 $

Max 2090 $ 86527 $ 186000 $ 620000 $ $ 3100000

SECTION 9 Property Taxes and WaterWastewater as a of Income

A comparison was made of relative property tax burdens and watersewer costs on comparable properties

against the median household incomes The report also calculates the total municipal tax burden as a percentage of income available on an average household

Total Municipal Burden as a of Household Income

GTA 45

Southwest 48

North 49

NiagaraHamilton 51

SimcoeMuskDuff 54

Eastern 55

SECTION 10 Economic Development Programs

Business Retention amp Expansion Programs

DowntownArea Specific Programs

Brownfield Redevelopment

Executive Summary 13

Municipal Study 2018

IntroductionmdashMunicipal Study 2018

1

Municipal Study 2018

Introduction

For the past seventeen years BMA Management Consulting Inc has annually completed a municipal comparative study on behalf of participating Ontario municipalities This report brings together a group of indicators to give an overall snapshot for each municipality The analysis was completed using the most

recent information available as provided by the participating municipalities including

2018 current value assessment

2018 tax policies

2018 levy by‐laws

2018 development charges

2018 watersewer rates

2017 FIRs (as available)

2018 user fees

Economic development programs

To facilitate the analysis given the significant volume of information included in the report the

information is also accessible through BMArsquos online password protected database This provides the

participating municipalities with the ability to select only those municipalities that are of interest and to focus on specific areas of interest The database also provides the ability to analyze trends with data available over a five year period The database can be accessed from the BMA website wwwbmaconsultcom This information can be downloaded from the website into Excel to allow municipalities the ability to track their progress over time and to focus their analysis on specific comparators which can be incorporated into reports and presentations

For more information please feel free to contact

BMA Management Consulting Inc

139 Markland St Hamilton L8P 2K3

Phone (905) 528‐3206

Fax (905) 528‐3210

bmaonaibncom

Contacts Jim Bruzzese or Catherine Minshull

Introduction 2

Municipal Study 2018

Municipal Study Database

Introduction 3

Municipal Study 2018

Why Participate in a Study

The study identifies key financial and economic indicators and factors that should be

considered as part of a comprehensive evaluation of a municipalityrsquos financial condition

Use of the study over a number of years provides trends to allow decision makers to

monitor selected indicators over time Trend analysis helps to provide interpretative context Additional context can come from comparing a municipalityrsquos own experience with the experience of other municipalities While the study includes 108 municipalities it is recommended that the users take advantage of the online database to focus on

similar municipalities

Many of the analytical techniques included in the report are consistent with approaches used by credit

rating agencies and are also used by the International CityCounty Management Association (ICMA) The information contained in this report can help local municipalities analyze and interpret financial economic

and demographic trends Trend analysis is critical to truly understand and evaluate a municipalityrsquos financial condition and to provide early warning signals of potential or emerging financial problems

It is anticipated that the consolidation of the financial and economic indicators contained in the Municipal

Study will achieve the following goals and objectives

To help municipal decision‐makers in assessing market conditions

To understand the unique characteristics of each municipality

To understand the relationship between various controllable and uncontrollable factors in addressing a municipalityrsquos competitive opportunities and challenges

To develop a database of material that can be updated in future years to assess progress and establish targets

To create awareness of the trends and the potential need to modify policies

To assist in aligning municipal decisions in property taxation with other economic development

programs and initiatives

To assist municipalities in developing a long‐term strategy for property taxation to achieve municipal competitive objectives in targeted property classes

To create a baseline source of information that will assist municipalities in addressing specific areas of concern and to gain a better understanding of how other municipalities have addressed similar concerns

To understand the impact of reassessment and growth

To identify areas that may require further review (eg service levels user fees service delivery)

Introduction 4

Municipal Study 2018

Municipalities Represented in the Study

The following summarizes the municipalities by population range

Populations 15000 or less

Populations 15000 ndash 29999

Populations 30000 ndash 99999

Populations gt100000

Bancroft

Brock

Brockton

Central Elgin

Elliot Lake

Erin

Espanola

Gravenhurst

Greenstone

Grey Highlands

Guelph‐Eramosa

Ingersoll

Kincardine

Lambton Shores

Mapleton

Meaford

Minto

North Dumfries

North Middlesex

North Perth

North Stormont

Parry Sound

Penetanguishene

Puslinch

Saugeen Shores

St Marys

Tay

Tiny

Wainfleet

Wellesley

Wellington North

Bracebridge

Brockville

Centre Wellington

Collingwood

East Gwillimbury

Grimsby

Huntsville

Kenora

King

Lincoln

Middlesex Centre

Midland

Niagara‐on‐the‐Lake

Owen Sound

Pelham

Port Colborne

Prince Edward County

Springwater

Strathroy‐Caradoc

Thorold

Tillsonburg

West Lincoln

Wilmot

Woolwich

Barrie

Brampton

Brantford

Burlington

Cambridge

Chatham‐Kent

Durham Region

Greater Sudbury

Guelph

Halton Region

Hamilton

Kingston

Kitchener

London

Markham

Milton

Mississauga

Niagara Region

Oakville

Oshawa

Ottawa

Peel Region

Richmond Hill

Simcoe County

St Catharines

Thunder Bay

Toronto

Vaughan

Waterloo Region

Waterloo

Whitby

Windsor

York Region

Aurora

Belleville

Brant

Bruce County

Caledon

Clarington

Cornwall

Fort Erie

Georgina

Grey County

Haldimand

Halton Hills

Innisfil

Muskoka District

Newmarket

Niagara Falls

Norfolk

North Bay

Orangeville

Orillia

Peterborough

Pickering

Quinte West

Sarnia

Sault Ste Marie

St Thomas

Stratford

Timmins

Welland

Wellington County

Whitchurch‐Stouffville

Introduction 5

Municipal Study 2018

Socio‐Economic Indicators

Socio Economic Indicators 6

Municipal Study 2018

Socio‐Economic Indicators

A complete assessment of local governmentrsquos financial condition should include socio‐economic factors

Socio‐economic indicators describe and quantify a municipalityrsquos wealth and economic conditions and

provide insight into a municipalityrsquos collective ability to generate revenue relative to the municipalitys demand for public services An examination of local economic and demographic characteristics can identify the following situations

A decline in the tax base as measured by population property value employment or business activity

A need to shift public service priorities because demographic changes in the municipality

A need to shift public policies because of changes in economic conditions

An evaluation of socio‐economic factors contributes to the development of sound financial policies The

Socio‐Economic Factors section of the report includes the following information to assist municipalities in understanding some basic facts about each municipality included in the study

Population Statistics (2006‐2018)

Note Manifold Data Mining estimates for 2018 includes the undercount normally 3‐5 of population

Age Demographics

Average Household Income

Land Area and Density

Labour Statistics

Assessment Per Capita

Change in Unweighted Assessment (2013‐2018)

Assessment Composition By Class

Consolidated Unweighted and Weighted Assessment (Residential vs Non‐Residential)

Shift in Tax BurdenmdashUnweighted to Weighted Residential Assessment

Residential Properties by Type

Building Construction Activity (Residential Non‐Residential)

Socio Economic Indicators 7

Municipal Study 2018

Population Statistics 2006‐2018 (sorted highest to lowest population)

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Ottawa 812129 883391 934243 993556 88 58

Toronto 2503281 2615060 2731571 2890660 45 45

Brampton 433806 523911 593638 648883 208 133

Mississauga 668549 713443 721599 772000 67 11

London 352395 366151 383822 406751 39 48

Hamilton 504559 519949 536917 565591 31 33

Vaughan 238866 288301 306233 334499 207 62

Markham 261573 301709 328966 354135 153 90

Windsor 216473 210891 217188 228533 ‐26 30

Kitchener 204668 219153 233222 248635 71 64

Oakville 165613 182520 193832 206478 102 62

Richmond Hill 162704 185541 195022 206889 140 51

Oshawa 141590 149607 159458 170096 57 66

Burlington 164415 175779 183314 193853 69 43

Barrie 128430 135711 141434 149374 57 42

Greater Sudbury 157857 160274 161531 168518 15 08

St Catharines 131989 131400 133113 139152 ‐04 13

Guelph 114943 121688 131794 141485 59 83

Whitby 111184 122022 128377 136235 97 52

Cambridge 120371 126748 129920 136454 53 25

Milton 53889 84362 110128 119498 565 305

Kingston 117207 123363 123798 128937 53 04

Waterloo 97475 98780 104986 111868 13 63

Thunder Bay 109140 108359 107909 112042 ‐07 ‐04

Chatham‐Kent 108177 103671 101647 104889 ‐42 ‐20

Brantford 90192 93650 97496 103036 38 41

Pickering 87838 88721 91771 96747 10 34

Clarington 77820 84548 92013 98976 86 88

Niagara Falls 82184 82997 88071 93786 10 61

Newmarket 74295 79978 84224 89420 76 53

Peterborough 74898 78698 81032 85227 51 30

Sault Ste Marie 74948 75141 73368 75584 03 ‐24

Socio Economic Indicators 8

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod)

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Caledon 57050 59460 66502 72326 42 118

Sarnia 71419 72366 71594 74143 13 ‐11

Halton Hills 55289 59008 61161 64522 67 36

Norfolk 62563 63175 64044 66969 10 14

Welland 50331 50631 52293 55088 06 33

Aurora 47629 53203 55445 58618 117 42

North Bay 53966 53651 51553 52773 ‐06 ‐39

Bellevil le 48821 49454 50716 53277 13 26

Cornwall 45965 46340 46589 48556 08 05

Whitchurch‐Stouffvil le 24390 37628 45837 51571 543 218

Haldimand 45212 44876 45608 47738 ‐07 16

Georgina 42346 43517 45418 48045 28 44

Timmins 42997 43165 41788 42904 04 ‐32

Quinte West 42697 43086 43577 45533 09 11

Innisfi l 31175 33079 36566 39745 61 105

St Thomas 36110 37905 38909 40889 50 26

Stratford 30461 30886 31465 32959 14 19

Brant 34415 35638 36707 38626 36 30

Fort Erie 29925 29960 30710 32254 01 25

Orill ia 30259 30586 31166 32656 11 19

Centre Wellington 26049 26693 28191 29963 25 56

Orangevil le 26925 27975 28900 30450 39 33

King 19487 19899 24512 27703 21 232

Grimsby 23937 25325 27314 29274 58 79

East Gwill imbury 21069 22473 23991 25610 67 68

Woolwich 19658 23145 25006 26819 177 80

Lincoln 21722 22487 23787 25297 35 58

Prince Edward County 25496 25258 24735 25512 ‐09 ‐21

Collingwood 17290 19241 21793 23815 113 133

Owen Sound 21753 21688 21341 22053 ‐03 ‐16

Brockvil le 21957 21870 21346 21987 ‐04 ‐24

Wilmot 17097 19223 20545 21939 124 69

Socio Economic Indicators 9

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod)

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Huntsvil le 18280 19056 19816 20931 42 40

Strathroy‐Caradoc 19977 20978 20867 21656 50 ‐05

Thorold 18224 17931 18801 19925 ‐16 49

Springwater 17456 18223 19059 20178 44 46

Port Colborne 18599 18424 18306 18990 ‐09 ‐06

Niagara‐on‐the‐Lake 14587 15400 17511 19166 56 137

Pelham 16155 16598 17110 18010 27 31

Middlesex Centre 15589 16487 17262 18283 58 47

Bracebridge 15652 15409 16010 16903 ‐16 39

Midland 16330 16572 16864 17661 15 18

Kenora 15177 15348 15096 15597 11 ‐16

Tillsonburg 14822 15301 15872 16749 32 37

Saugeen Shores 11720 12661 13715 14724 80 83

West Lincoln 13167 13837 14500 15363 51 48

Guelph‐Eramosa 12066 13458 12854 13569 115 ‐45

North Perth 12254 12631 13130 13867 31 40

Gravenhurst 11046 11640 12311 13094 54 58

Ingersoll 11760 12146 12757 13529 33 50

Wellington North 11175 11477 11914 12576 27 38

Central Elgin 12723 12743 12607 13056 02 ‐11

Brock 11979 11341 11642 12234 ‐53 27

Tiny 10754 11232 11787 12495 44 49

Wellesley 9789 10713 11260 11944 94 51

Erin 11148 10770 11439 12185 ‐34 62

Meaford 10948 11100 10991 11386 14 ‐10

Kincardine 11173 11174 11389 11935 00 19

Lambton Shores 11150 10656 10631 11049 ‐44 ‐02

Mapleton 9851 9989 10527 11179 14 54

North Dumfries 9063 9334 10215 11012 30 94

Elliot Lake 11549 11348 10741 10930 ‐17 ‐53

Tay 9748 9736 10033 10560 ‐01 31

Grey Highlands 9480 9520 9804 10316 04 30

Socio Economic Indicators 10

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod )

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Brockton 9641 9432 9461 9852 ‐22 03

Penetanguishene 9354 9111 8962 9260 ‐26 ‐16

Minto 8504 8334 8671 9161 ‐20 40

St Marys 6617 6655 7265 7823 06 92

Puslinch 6689 7029 7336 7760 51 44

North Stormont 6769 6775 6873 7189 01 14

Parry Sound 5818 6191 6408 6756 64 35

Wainfleet 6601 6356 6372 6633 ‐37 03

North Middlesex 6740 6658 6352 6484 ‐12 ‐46

Espanola 5314 5364 4996 5051 09 ‐69

Greenstone 4906 4724 4636 4786 ‐37 ‐19

Bancroft 3838 3880 3881 4037 11 00

Survey Total 10293100 10942150 11468780 12177245 63 48

Provincial Total 12851821 13366300 13792052 14125923 40 32

Socio Economic Indicators 11

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod )

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Peel Region 1159405 1296814 1381739 1493209 119 65

York Region 892712 1032249 1109909 1188226 156 75

Durham Region 561258 608124 645862 688082 84 62

Halton Region 439256 501669 548435 584351 142 93

Waterloo Region 478121 507096 535154 568671 61 55

Niagara Region 427421 431346 447888 472938 09 38

Simcoe County 263515 279766 307050 315744 62 98

Wellington County 85482 86672 90932 96393 14 49

Bruce County 60310 60264 68147 71733 ‐01 131

Muskoka District 57563 58047 60599 64144 08 44

Grey County 89073 92568 93830 NA 39 14

Summary of Population Change by Geographic Area

The following table summarizes the average population change in percentage each of the geographic areas

2006‐2011 2011‐2016

10

8

6

4

2

0

‐2

Socio Economic Indicators 12

Municipal Study 2018

GTA Municipalitiesmdash change in population 2006‐2018

1 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006 2011

Change 2011 2016

Mississauga 668549 713443 721599 772000 67 11

Brock 11979 11341 11642 12234 ‐53 27

Pickering 87838 88721 91771 96747 10 34

Halton Hills 55289 59008 61161 64522 67 36

Aurora 47629 53203 55445 58618 117 42

Burlington 164415 175779 183314 193853 69 43

Georgina 42346 43517 45418 48045 28 44

Toronto 2503281 2615060 2731571 2890660 45 45

Richmond Hill 162704 185541 195022 206889 140 51

Whitby 111184 122022 128377 136235 97 52

Newmarket 74295 79978 84224 89420 76 53

Oakville 165613 182520 193832 206478 102 62

Vaughan 238866 288301 306233 334499 207 62

Oshawa 141590 149607 159458 170096 57 66

East Gwillimbury 21069 22473 23991 25610 67 68

Clarington 77820 84548 92013 98976 86 88

Markham 261573 301709 328966 354135 153 90

Caledon 57050 59460 66502 72326 42 118

Brampton 433806 523911 593638 648883 208 133

Whitchurch‐Stouffville 24390 37628 45837 51571 543 218

King 19487 19899 24512 27703 21 232

GTA Average 5424662 5902031 6254654 6678998 88 60

Survey Total 10293100 10942150 11468780 12177245 63 48

Milton 53889 84362 110128 119498 565 305

Socio Economic Indicators 13

Municipal Study 2018

Southwestmdash change in population 2006‐2018 5 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006 2011

Change 2011 2016

North Middlesex 6740 6658 6352 6484 ‐12 ‐46

Guelph‐Eramosa 12066 13458 12854 13569 115 ‐45

Chatham‐Kent 108177 103671 101647 104889 ‐42 ‐20

Owen Sound 21753 21688 21341 22053 ‐03 ‐16

Sarnia 71419 72366 71594 74143 13 ‐11

Central Elgin 12723 12743 12607 13056 02 ‐11

Meaford 10948 11100 10991 11386 14 ‐10

Strathroy‐Caradoc 19977 20978 20867 21656 50 ‐05

Lambton Shores 11150 10656 10631 11049 ‐44 ‐02

Brockton 9641 9432 9461 9852 ‐22 03

Norfolk 62563 63175 64044 66969 10 14

Haldimand 45212 44876 45608 47738 ‐07 16

Stratford 30461 30886 31465 32959 14 19

Kincardine 11173 11174 11389 11935 00 19

St Thomas 36110 37905 38909 40889 50 26

Cambridge 120371 126748 129920 136454 53 25

Windsor 216473 210891 217188 228533 ‐26 30

Grey Highlands 9480 9520 9804 10316 04 30

Brant 34415 35638 36707 38626 36 30

Tillsonburg 14822 15301 15872 16749 32 37

North Perth 12254 12631 13130 13867 31 40

Wellington North 11175 11477 11914 12576 27 38

Minto 8504 8334 8671 9161 ‐20 40

Brantford 90192 93650 97496 103036 38 41

Puslinch 6689 7029 7336 7760 51 44

Middlesex Centre 15589 16487 17262 18283 58 47

London 352395 366151 383822 406751 39 48

Ingersoll 11760 12146 12757 13529 33 50

Mapleton 9851 9989 10527 11179 14 54

Wellesley 9789 10713 11260 11944 94 51

Erin 11148 10770 11439 12185 ‐34 62

Centre Wellington 26049 26693 28191 29963 25 56

Waterloo 97475 98780 104986 111868 13 63

Kitchener 204668 219153 233222 248635 71 64

Wilmot 17097 19223 20545 21939 124 69

Woolwich 19658 23145 25006 26819 177 80

Guelph 114943 121688 131794 141485 59 83

Saugeen Shores 11720 12661 13715 14724 80 83

St Marys 6617 6655 7265 7823 06 92

North Dumfries 9063 9334 10215 11012 30 94

Southwest Average 1912310 1965573 2039804 2153844 28 38

Survey Total 10293100 10942150 11468780 12168981 63 48

Socio Economic Indicators 14

Municipal Study 2018

Easternmdash change in population 2006‐2018

3 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Brockville 21957 21870 21346 21987 ‐04 ‐24

Prince Edward County 25496 25258 24735 25512 ‐09 ‐21

Bancroft 3838 3880 3881 4037 11 00

Kingston 117207 123363 123798 128937 53 04

Cornwall 45965 46340 46589 48556 08 05

Quinte West 42697 43086 43577 45533 09 11

North Stormont 6769 6775 6873 7189 01 14

Belleville 48821 49454 50716 53277 13 26

Peterborough 74898 78698 81032 85227 51 30

Ottawa 812129 883391 934243 993556 88 58

Eastern Average 1199777 1282115 1336790 1413811 69 43

Survey Total 10293100 10942150 11468780 12168981 63 48

NiagaraHamiltonmdash change in population 2006‐2018

2 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Port Colborne 18599 18424 18306 18990 ‐09 ‐06

Wainfleet 6601 6356 6372 6633 ‐37 03

St Catharines 131989 131400 133113 139152 ‐04 13

Fort Erie 29925 29960 30710 32254 01 25

Pelham 16155 16598 17110 18010 27 31

Hamilton 504559 519949 536917 565591 31 33

Welland 50331 50631 52293 55088 06 33

West Lincoln 13167 13837 14500 15363 51 48

Thorold 18224 17931 18801 19925 ‐16 49

Lincoln 21722 22487 23787 25297 35 58

Niagara Falls 82184 82997 88071 93786 10 61

Grimsby 23937 25325 27314 29274 58 79

Niagara‐on‐the‐Lake 14587 15400 17511 19166 56 137

Change 2006‐2011

Change 2011‐2016

NiagaraHamilton Average 931980 951295 984805 1038529 21 35

Survey Total 10293100 10942150 11468780 12168981 63 48

Socio Economic Indicators 15

Municipal Study 2018

Northmdash change in population 2006‐2018

4 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Espanola 5314 5364 4996 5051 09 ‐69

Elliot Lake 11549 11348 10741 10930 ‐17 ‐53

North Bay 53966 53651 51553 52773 ‐06 ‐39

Timmins 42997 43165 41788 42904 04 ‐32

Sault Ste Marie 74948 75141 73368 75584 03 ‐24

Greenstone 4906 4724 4636 4786 ‐37 ‐19

Kenora 15177 15348 15096 15597 11 ‐16

Thunder Bay 109140 108359 107909 112042 ‐07 ‐04

Greater Sudbury 157857 160274 161531 168518 15 08

Parry Sound 5818 6191 6408 6756 64 35

North Average 481672 483565 478026 494941 04 ‐11

Survey Total 10293100 10942150 11468780 12168981 63 48

SimcoeMuskokaDufferinmdash change in population 2006‐2018

6 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Penetanguishene 9354 9111 8962 9260 ‐26 ‐16

Midland 16330 16572 16864 17661 15 18

Orillia 30259 30586 31166 32656 11 19

Tay 9748 9736 10033 10560 ‐01 31

Orangeville 26925 27975 28900 30450 39 33

Bracebridge 15652 15409 16010 16903 ‐16 39

Huntsville 18280 19056 19816 20931 42 40

Barrie 128430 135711 141434 149374 57 42

Springwater 17456 18223 19059 20178 44 46

Tiny 10754 11232 11787 12495 44 49

Gravenhurst 11046 11640 12311 13094 54 58

Innisfil 31175 33079 36566 39745 61 105

Collingwood 17290 19241 21793 23815 113 133

Change 2006‐2011

Change 2011‐2016

SimcoeMuskDuff Avg 342699 357571 374701 397122 43 48

Survey Total 10293100 10942150 11468780 12168981 63 48

Socio Economic Indicators 16

Municipal Study 2018

Population of Ontario Regions 2017 and 2041

The Ministry of Finance produces an updated set of population projections every year to provide a demographic outlook reflecting the most up‐to‐date trends and historical data

Ontariorsquos population is projected to grow by 302 or almost 43 million over the next 24 years from

an estimated 142 million on July 1 2017 to almost 185 million by July 1 2041

The annual rate of growth of Ontariorsquos population is projected to ease gradually from 18 to 09

over the projection period

Net migration is projected to account for 76 of all population growth in the province over the 2017ndash 2041 period with natural increase accounting for the remaining 24 In the second half of the projections the contribution of natural increase moderates as baby boomers increasingly reach senior

years and the number of deaths increases more rapidly

The number of children aged 0ndash14 is projected to increase gradually over the projection period from 22 million in 2017 to 27 million by 2041 The childrenrsquos share of population is projected to decrease gradually from 157 in 2017 to 148 by 2041

The Greater Toronto Area (GTA) is projected to be the fastest growing region of the province with its population increasing by 28 million or 408 to reach almost 97 million by 2041 The GTArsquos share of provincial population is projected to rise from 483 in 2017 to 523 in 2041

Socio Economic Indicators 17

Municipal Study 2018

Age Demographics

The age profile of a population may affect municipal expenditures For example expenditures may be

affected by seniors requiring higher public service costs and families with young children demanding

services for recreational and related programs

By 2041 there will be more people in every age group in Ontario compared to 2017 with a sharp increase in the number of seniors Baby boomers will have swelled the ranks of seniors children of the baby boom echo generation will be of school‐age and the baby boom echo cohorts along with a new generation of immigrants will have bolstered the population aged 15ndash64

The number of seniors aged 65 and over is projected to almost double from about 24 million or 167 of population in 2017 to almost 46 million or 248 by 2041 In 2015 for the first time seniors accounted for a larger share of population than children aged 0ndash14

The number of Ontarians aged 15ndash64 is projected to increase from 96 million in 2017 to 112 million by 2041 This age group is projected to decline as a share of total population from 676 in 2017 to 604 by 2041 As baby boomers continue to turn age 65 the growth in population aged 15ndash64 slows until 2027ndash28 and then accelerates over the remainder of the projection

The median age of Ontariorsquos population is projected to rise from 41 years in 2017 to 44 years in 2041 The median age for women climbs from 42 to 45 years over the projection period while for men it is projected to increase from 40 to 43 years

All regions see a shift to an older age structure The GTA is expected to remain the region with the youngest age structure as a result of strong international migration and positive natural increase

Socio Economic Indicators 18

‐ ‐

Municipal Study 2018

Age Demographics 2016 Stats Canada

Municipality 0 19 20‐44 45 64 65+ Municipality 0 19 20‐44 45‐64 65+

Bancroft 18 22 29 31 Aurora 25 30 32 13

Belleville 21 29 28 21 Brampton 27 36 25 11

Brockville 18 26 30 26 Brock 22 27 31 21

Cornwall 21 28 28 23 Burlington 23 30 28 19

Kingston 20 33 27 19 Caledon 26 29 31 13

North Stormont 24 30 31 14 Clarington 25 33 28 14

Ottawa 23 34 28 15 East Gwillimbury 23 30 32 15 Peterborough 20 31 26 22 Georgina 23 31 32 15 Prince Edward County 16 21 33 30 Halton Hills 26 29 31 13 Quinte West 22 28 30 19 King 25 29 31 15

Eastern Avg 20 28 29 22 Markham 23 32 29 15

Provincial Average 22 32 28 17 Milton 32 37 22 9

Mississauga 24 33 29 14

Newmarket

Oakville

25

27

31

29

31

30

14

15 Fort Erie 19 24 33 24

Oshawa 22 32 29 17 Grimsby 23 29 29 19

Pickering 23 31 31 15 Hamilton 22 32 28 17

Richmond Hill 24 31 31 15 Lincoln 23 27 28 21

Toronto 20 38 27 16 Niagara Falls 21 29 30 20

Vaughan 26 32 28 14 Niagara‐on‐the‐Lake 16 21 32 31

Whitby 27 32 29 13 Pelham 21 23 32 24

Whitchurch‐Stouffville 26 32 26 16 Port Colborne 19 25 32 25

St Catharines 20 31 28 22 GTA Avg 25 31 29 15

Thorold 22 33 29 16 Provincial Average 22 32 28 17

Wainfleet 22 25 34 18

Municipality 0 19 20‐44 45‐64 65+

Welland 20 29 29 21

West Lincoln 27 29 29 15

NiagaraHamilton Avg 21 27 30 21

Provincial Average 22 32 28 17

SourcemdashStats Canada Census 2016

Socio Economic Indicators 19

Elliot Lake 14 18 30 38

Espanola 19 27 32 22

Greater Sudbury 21 31 29 18

Greenstone 22 27 33 18

Kenora 21 29 31 19

North Bay 21 31 29 20

Parry Sound 18 26 29 27

Sault Ste Marie 19 28 30 22

Thunder Bay 20 31 29 20

Timmins 23 31 30 15

North Avg 20 28 30 22

Provincial Average 22 32 28 17

Municipal Study 2018

Age Demographics (contrsquod)

Municipality 0 19 20‐44 45‐64 65+

Municipality 0‐19 20‐44 45‐64 65+

Barrie 25 34 27 14

Bracebridge 19 25 31 25

Collingwood 19 26 28 26

Gravenhurst 16 24 33 28

Huntsville 20 27 32 22

Innisfil 24 30 31 15

Midland 19 26 31 25

Orangeville 26 33 27 14

Orillia 19 29 28 24

Penetanguishene 18 26 32 24

Springwater 25 28 33 15

Tay 19 26 34 21

Tiny 17 22 35 26

SimcoeMuskDuff Avg 20 27 31 21

Provincial Average 22 32 28 17

Municipality 0‐19 20‐44 45‐64 65+

Brant 23 27 31 19

Brantford 24 31 28 17

Brockton 22 26 30 21

Cambridge 25 33 28 15

Central Elgin 22 25 34 20

Centre Wellington 24 27 29 20

Chatham‐Kent 22 27 30 21

Erin 23 25 37 15

Grey Highlands 22 25 31 22

Guelph 23 36 26 15

Guelph‐Eramosa 23 26 33 17

Haldimand 23 27 31 18

Ingersoll 25 30 29 16

Kincardine 21 27 30 22

Kitchener 23 36 27 14

Lambton Shores 16 21 33 29

London 22 34 27 17

Mapleton 36 30 24 10

Meaford 18 22 32 28

Middlesex Centre 26 26 30 17

Minto 24 27 28 20

Norfolk 21 26 31 22

North Dumfries 26 28 31 14

North Middlesex 25 27 29 19

North Perth 27 30 25 18

Owen Sound 20 27 28 25

Puslinch 21 23 35 22

Sarnia 20 29 29 22

Saugeen Shores 19 27 30 24

St Marys 22 28 27 23

St Thomas 23 29 28 19

Stratford 21 29 30 21

Strathroy‐Caradoc 23 28 29 20

Tillsonburg 20 26 26 28

Waterloo 23 36 27 14

Wellesley 35 29 25 12

Wellington North 25 27 28 21

Wilmot 26 29 27 19

Windsor 22 32 28 18

Woolwich 28 30 26 17

Southwest Avg 23 28 29 19

Provincial Average 22 32 28 17 SourcemdashStats Canada Census 2016

Socio Economic Indicators 20

Municipal Study 2018

2018 Estimated Average Household Income Household income is one measure of a communityrsquos ability to pay for services While a higher relative household income is a positive indicator of the overall local economy it may lead to a greater expectation for quality programs and additional challenges in balancing desired levels of service with a willingness to pay for programs and services

Municipality

Elliot Lake $ 62158

Bancroft $ 65292

Owen Sound $ 70778

Midland $ 72919

Windsor $ 74671

Orillia $ 74970

Chatham‐Kent $ 77014

Belleville $ 77388

Niagara Falls $ 79768

Wellington North $ 80639

Fort Erie $ 81046

Quinte West $ 82770

Minto $ 83431

Tay $ 83731

Gravenhurst $ 83879

Espanola $ 84143

Greenstone $ 86104

Cornwall 62750 $

Parry Sound 67600 $

Brockville 71084 $

Welland 73910 $

St Thomas 74793 $

Port Colborne 76517 $

Tillsonburg 77240 $

Peterborough 79479 $

St Catharines 80012 $

Brantford 80735 $

North Bay 82320 $

Sault Ste Marie 82955 $

Thorold 83547 $

Penetanguishene 83774 $

Stratford 84065 $

Norfolk 84393 $

London 86126 $

Thunder Bay $ 87350

Municipality Municipality

St Marys $ 88756

Lambton Shores $ 88976

Oshawa $ 90192

North Perth $ 90553

North Stormont $ 91502

Brockton $ 92228

Prince Edward County $ 92682

Hamilton $ 93423

North Middlesex $ 94212

Kenora $ 96224

Haldimand $ 96891

Greater Sudbury $ 97604

Georgina $ 98312

Tiny $ 100784

Brampton $ 102663

Wainfleet $ 103485

Mapleton $ 107206

West Lincoln $ 107846

Strathroy‐Caradoc 88913 $

Collingwood 89612 $

Ingersoll 90487 $

Kitchener 90901 $

Kingston 91580 $

Bracebridge 92397 $

Brock 92943 $

Huntsville 94047 $

Sarnia 94588 $

Timmins 96423 $

Barrie 97290 $

Cambridge 97643 $

Guelph 100108 $

Orangeville 101444 $

Grey Highlands 102808 $

Centre Wellington 106318 $

Innisfil 107643 $

Mississauga $ 109999

Ottawa $ 111599

Lincoln $ 113606

Clarington $ 116511

Markham $ 118152

Wilmot $ 120075

Richmond Hill $ 121671

Newmarket $ 123590

Burlington $ 125873

Wellesley $ 127485

Milton $ 128664

North Dumfries $ 133048

Halton Hills $ 136293

Springwater $ 139363

Middlesex Centre $ 141189

Erin $ 142361

Aurora $ 155457

Oakville $ 179132

Central Elgin 110954 $

Brant 111853 $

Waterloo 114438 $

Grimsby 116929 $

Niagara‐on‐the‐Lake 118156 $

Saugeen Shores 120585 $

Kincardine 122567 $

Pickering 124559 $

Pelham 126655 $

Woolwich 128111 $

Whitby 128665 $

East Gwillimbury 135968 $

Guelph‐Eramosa 136490 $

Vaughan 139474 $

Whitchurch‐Stouffville 142060 $

Caledon 145664 $

Puslinch 179036 $

Meaford 87359 $ Toronto 107968 $ King 187349 $

Average $ 102194

SourcemdashManifold Data Mining Median 95406 $

Socio Economic Indicators 21

Municipal Study 2018

2018 Average Household Income by Geographic Location

The following table provides the estimated average household income in 2018 for each of the

municipalities SourcemdashManifold Data Mining summarized by geographic area

3

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Cornwall $ 62750 low

Bancroft $ 65292 low

Brockvil le $ 71084 low

Bellevil le $ 77388 low

Peterborough $ 79479 low

Quinte West $ 82770 low

North Stormont $ 91502 mid

Kingston $ 91580 mid

Prince Edward County $ 92682 mid

Ottawa $ 111599

Eastern Avg $ 82613

high

6

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Midland $ 72919 low

Orill ia $ 74970 low

Tay $ 83731 low

Penetanguishene $ 83774 low

Gravenhurst $ 83879 low

Collingwood $ 89612 mid

Bracebridge $ 92397 mid

Huntsvil le $ 94047 mid

Barrie $ 97290 mid

Tiny $ 100784 mid

Orangevil le $ 101444 mid

Innisfi l $ 107643 mid

Springwater $ 139363

SimcoeMuskDuff Avg $ 93989

high

1

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Oshawa

Brock

Georgina

Brampton

Toronto

Mississauga

Clarington

Markham

Richmond Hill

Newmarket

Pickering

Burlington

Milton

Whitby

East Gwill imbury

Halton Hills

Vaughan

Whitchurch‐Stouffvil le

Caledon

Aurora

Oakville

King

90192 $

92943 $

98312 $

102663 $

107968 $

109999 $

116511 $

118152 $

121671 $

123590 $

124559 $

125873 $

128664 $

128665 $

135968 $

136293 $

139474 $

142060 $

145664 $

155457 $

179132 $

187349 $

mid

mid

mid

mid

mid

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

GTA Avg 127780 $

Socio Economic Indicators 22

Municipal Study 2018

Average Household Income by Geographic Location (contrsquod)

2

Municipality

2018 Income Ranking

2018 Est Avg

Household Income

5

Municipality

2018

Income Ranking

2018 Est Avg

Household Income

low Welland $ 73910

low Port Colborne $ 76517

low Niagara Falls $ 79768

low St Catharines $ 80012

low Fort Erie $ 81046

low Thorold $ 83547

mid Hamilton $ 93423

mid Wainfleet $ 103485

mid West Lincoln $ 107846

Lincoln $ 113606

Grimsby $ 116929

Niagara‐on‐the‐Lake $ 118156

Pelham $ 126655

high

high

high

high

NiagaraHamilton Avg $ 96531

4

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Elliot Lake $ 62158 low

Parry Sound $ 67600 low

North Bay $ 82320 low

Sault Ste Marie $ 82955 low

Espanola $ 84143 low

Greenstone $ 86104 low

Thunder Bay $ 87350 low

Kenora $ 96224 mid

Timmins $ 96423 mid

Greater Sudbury $ 97604 mid

North Avg $ 84288

low Owen Sound $ 70778

low Windsor $ 74671

low St Thomas $ 74793

low Chatham‐Kent $ 77014

low Tillsonburg $ 77240

low Wellington North $ 80639

low Brantford $ 80735

low Minto $ 83431

low Stratford $ 84065

low Norfolk $ 84393

low London $ 86126

low Meaford $ 87359

mid St Marys $ 88756

mid Strathroy‐Caradoc $ 88913

mid Lambton Shores $ 88976

mid Ingersoll $ 90487

mid North Perth $ 90553

mid Kitchener $ 90901

mid Brockton $ 92228

mid North Middlesex $ 94212

mid Sarnia $ 94588

mid Haldimand $ 96891

mid Cambridge $ 97643

mid Guelph $ 100108

mid Grey Highlands $ 102808

mid Centre Wellington $ 106318

mid Mapleton $ 107206

Central Elgin $ 110954

Brant $ 111853

Waterloo $ 114438

Wilmot $ 120075

Saugeen Shores $ 120585

Kincardine $ 122567

Wellesley $ 127485

Woolwich $ 128111

North Dumfries $ 133048

Guelph‐Eramosa $ 136490

Middlesex Centre $ 141189

Erin $ 142361

Puslinch $ 179036

high

high

high

high

high

high

high

high

high

high

high

high

high

Southwest Avg $ 102001

Socio Economic Indicators 23

Municipal Study 2018

Summary 2018 Average Household Income by Geographic Location

GTA

Southwest

NiagaraHamilton

SimcoeMuskDuff

North

Eastern

Socio Economic Indicators 24

Municipal Study 2018

Land Area and Density

Population density indicates the number of residents living in an area (usually measured by square kilometre) Density readings can lend insight into the age of a city growth patterns zoning practices new development opportunities and the level of multi‐family unit housing High population density can also

indicate whether a municipality may be reaching build‐out as well as service and infrastructure needs such as additional public transit or street routes As stated by the Province of Ontario in their InfoSheet Planning for Intensification some of the benefits of intensification include

Using resources such as lands buildings and infrastructure more effectively

Protecting the natural environment and biodiversity by limiting urban expansion

Incorporating green features that offset and support new development

Creating active streets that promote healthier patterns of human activity

Creating economic opportunities

Reducing carbon footprint

Improving access to public transit

Enhancing community identity

Improving municipal fiscal performance

Socio Economic Indicators 25

Municipal Study 2018

Land Area and Density (sorted by population density)

Municipality Land Area

(Sq Km)

2018

Pop

Density Per Sq

Density Ranking Municipality

Land Area

(Sq Km)

2018

Pop

Density Per Sq

Density Ranking

Greenstone 2767 2 low Espanola 83 61 mid

North Middlesex 598 11 low Centre Wellington 408 74 mid

Grey Highlands 883 12 low Kenora 212 74 mid

North Stormont 516 14 low Tay 139 76 mid

Timmins 2979 14 low Strathroy‐Caradoc 271 80 mid

Ell iot Lake 715 15 low Woolwich 326 82 mid

Brockton 565 17 low King 333 83 mid

Bancroft 230 18 low Wilmot 264 83 mid

Meaford 589 19 low Saugeen Shores 171 86 mid

Mapleton 535 21 low Quinte West 494 92 mid

Kincardine 538 22 low East Gwill imbury 245 105 mid

Wellington North 526 24 low Caledon 688 105 mid

Prince Edward County 1050 24 low Pelham 126 142 mid

Gravenhurst 518 25 low Niagara‐on‐the‐Lake 133 144 mid

Bracebridge 628 27 low Innisfi l 263 151 mid

North Perth 493 28 low Lincoln 163 155 mid

Brock 423 29 low Port Colborne 122 156 mid

Huntsvil le 710 29 low Clarington 611 162 mid

Minto 301 30 low North Bay 319 165 mid

Wainfleet 217 31 low Georgina 288 167 mid

Middlesex Centre 588 31 low Fort Erie 166 194 mid

Lambton Shores 331 33 low Bellevil le 247 215 mid

Puslinch 215 36 low Halton Hills 276 234 mid

Tiny 337 37 low Thorold 83 240 mid

Springwater 536 38 low Whitchurch‐Stouffvil le 206 250 mid

Haldimand 1252 38 low Kingston 415 311 mid

West Lincoln 388 40 low Milton 363 329 mid

Erin 298 41 low Sault Ste Marie 223 339 mid

Norfolk 1608 42 low Thunder Bay 328 341 mid

Chatham‐Kent 2458 43 low Ottawa 2790 356 mid

Wellesley 278 43 low Penetanguishene 26 362 mid

Brant 843 46 low Pickering 232 418 mid

Guelph‐Eramosa 292 47 low Grimsby 69 425 mid

Central Elgin 280 47 low Niagara Falls 210 447 mid

Greater Sudbury 3228 52 low Sarnia 165 450 mid

North Dumfries 187 59 low Midland 35 500 mid

Socio Economic Indicators 26

Municipal Study 2018

Land Area and Density (sorted by population density) (contrsquod)

Municipality Land Area

(Sq Km)

2018

Pop

Density Per Sq

Density Ranking

Parry Sound 13 504

Hamilton 1117 506

St Marys 12 628

Welland 81 680

Collingwood 34 705

Til lsonburg 22 750

Cornwall 62 789

Owen Sound 24 909

Whitby 147 929

London 420 968

Burlington 186 1044

Brockvil le 21 1055

Ingersoll 13 1061

Oril l ia 29 1143

St Thomas 36 1148

Stratford 28 1165

Oshawa 146 1168

Aurora 50 1176

Vaughan 274 1193

Cambridge 113 1207

Peterborough 64 1326

Brantford 72 1422

St Catharines 96 1448

Oakvil le 139 1487

Barrie 99 1508

Windsor 146 1561

Guelph 87 1622

Markham 212 1668

Waterloo 64 1747

Kitchener 137 1818

Orangeville 16 1951

Richmond Hill 101 2046

Newmarket 38 2326

Brampton 266 2436

Mississauga 292 2640

Toronto 630 4587

Average 423 547

Median 255 164

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

Socio Economic Indicators 27

Municipal Study 2018

Land Area and Density by Geographic Location

3 2018

Population

Density Per Sq Km

Land Area (Sq Km)

Density Ranking

low North Stormont 516 14

low Bancroft 230 18

low Prince Edward County 1050 24

mid Quinte West 494 92

mid Bellevil le 247 215

mid Kingston 415 311

mid Ottawa 2790 356

Cornwall 62 789

Brockvil le 21 1055

Peterborough 64 1326

high

high

high

Eastern Avg 589 420

Median 331 263

2 Municipality

Land Area (Sq Km)

2018

Population

Density Per Sq Km

Density Ranking

low Wainfleet 217 31

low West Lincoln 388 40

mid Pelham 126 142

mid Niagara‐on‐the‐Lake 133 144

mid Lincoln 163 155

mid Port Colborne 122 156

mid Fort Erie 166 194

mid Thorold 83 240

mid Grimsby 69 425

mid Niagara Falls 210 447

Hamilton 1117 506

Welland 81 680

St Catharines 96 1448

high

high

high

NiagaraHamilton Avg 229 354

Median 133 194

1 Municipality

Land Area (Sq Km)

2018

Population

Density Per Sq Km

Density Ranking

low Brock 423 29

mid King 333 83

mid East Gwill imbury 245 105

mid Caledon 688 105

mid Clarington 611 162

mid Georgina 288 167

mid Halton Hills 276 234

mid Whitchurch‐Stouffvil le 206 250

mid Milton 363 329

mid Pickering 232 418

Whitby 147 929

Burlington 186 1044

Oshawa 146 1168

Aurora 50 1176

Vaughan 274 1193

Oakville 139 1487

Markham 212 1668

Richmond Hill 101 2046

Newmarket 38 2326

Brampton 266 2436

Mississauga 292 2640

Toronto 630 4587

high

high

high

high

high

high

high

high

high

high

high

high

GTA Avg 279 1117

Median 256 987

Socio Economic Indicators 28

Municipal Study 2018

Land Area and Density by Geographic Location (contrsquod)

4 Municipality

Land Area

(Sq Km)

2018

Population Density Per Sq Km

Density Ranking

5 Municipality

Land Area

(Sq Km)

2018

Population Density Per Sq Km

Density Ranking

low Greenstone 2767 2

low Timmins 2979 14

low Elliot Lake 715 15

low Greater Sudbury 3228 52

mid Espanola 83 61

mid Kenora 212 74

mid North Bay 319 165

mid Sault Ste Marie 223 339

mid Thunder Bay 328 341

Parry Sound 13 504 high

North Avg 1087 157

Median 324 67

6 Municipality

Density Ranking

Land Area (Sq Km)

2018

Population

Density Per Sq Km

low Gravenhurst 518 25

Bracebridge 628 27 low

low Huntsvil le 710 29

Tiny 337 37 low

low Springwater 536 38

Tay 139 76 mid

mid Innisfil 263 151

Penetanguishene 26 362 mid

mid Midland 35 500

Oril l ia 29 1143

Orangevil le 16 1951

Coll ingwood 34 705 high

high

Barrie 99 1508 high

high

SimcoeMuskDuff Avg 259 504

Median

GTA

SimcoeMuskDuff

Southwest

Eastern

NiagaraHamilton

North

139 151

Population Density Per Sq Km

0 200 400 600 800 1000 1200

low North Middlesex 598 11

low Grey Highlands 883 12

low Brockton 565 17

low Meaford 589 19

low Mapleton 535 21

low Kincardine 538 22

low Wellington North 526 24

low North Perth 493 28

low Minto 301 30

low Middlesex Centre 588 31

low Lambton Shores 331 33

low Puslinch 215 36

low Haldimand 1252 38

low Erin 298 41

low Norfolk 1608 42

low Chatham‐Kent 2458 43

low Wellesley 278 43

low Brant 843 46

low Guelph‐Eramosa 292 47

low Central Elgin 280 47

low North Dumfries 187 59

mid Centre Wellington 408 74

mid Strathroy‐Caradoc 271 80

mid Woolwich 326 82

mid Wilmot 264 83

mid Saugeen Shores 171 86

mid Sarnia 165 450

St Marys 12 628

Til lsonburg 22 750

Owen Sound 24 909

London 420 968

Ingersoll 13 1061

St Thomas 36 1148

Stratford 28 1165

Cambridge 113 1207

Brantford 72 1422

Windsor 146 1561

Guelph 87 1622

Waterloo 64 1747

Kitchener 137 1818

high

high

high

high

high

high

high

high

high

high

high

high

high

Southwest Avg 411 439

Median 286 53

Socio Economic Indicators 29

Municipal Study 2018

Labour Statistics

The labour force is defined as the number of people aged 15 and over who are employed and unemployed Labour force statistics are an important measure of the economyrsquos potential The larger the percentage of the population that enters the labour force the larger the potential output and standard of living Growth

in the labour force implies expansion potential The rate of employment of the communityrsquos citizens is a measure of and an influence on the communityrsquos ability to support its local business sector A decline in employment base or higher than average rates of unemployment can be a warning signal that overall economic activity may be declining Unemployment does not capture working age residents who are unemployed and are no longer actively seeking employment The employment rate provides a fuller picture of employment in the community

Socio Economic Indicators 30

Municipal Study 2018

Labour Statistics CMA

CMA

Employment Rate Sept

2018

Employment Change 2017 2018

Participation Rate

Participation Rate Change 2017 2018

Unemployment Rate Sept 2018

Unemployment Rate Change 2017 2018

Barrie

Brantford

Greater Sudbury

Guelph

Hamilton

Kingston

KitchenerCambridge Waterloo

London

Oshawa

Ottawa‐Gatineau

Peterborough

St Catharines‐Niagara

Thunder Bay

Toronto

Windsor

670

583

574

652

611

606

680

583

652

641

615

569

614

614

554

‐09

‐38

‐05

‐37

‐42

‐11

07

25

15

06

15

03

15

‐06

‐22

712

619

613

677

644

642

717

614

691

671

652

615

648

654

597

‐11

‐38

‐03

‐55

‐38

‐11

10

24

22

‐03

11

10

17

‐06

‐14

58

58

64

36

52

55

51

52

56

45

56

75

53

61

73

‐02

04

04

‐23

10

01

03

‐02

08

‐13

‐12

10

02

00

16

Ontario 609 ‐02 645 ‐03 57 00

Source Stats Canada

Socio Economic Indicators 31

Municipal Study 2018

32

Assessment Per Capita (Sorted by Unweighted Assessment)

Property assessment is the basis upon

which municipalities raise taxes A

strong assessment base is critical to a

municipalityrsquos ability to generate

revenues Assessment per capita

statistics have been compared to

provide an indication of the ldquorichnessrdquo of

the assessment base in each

municipality

Unweighted assessment provides the actual current value assessment of the

properties

Weighted assessment reflects the basis

upon which property taxes are levied

after applying the tax ratios to the

various property classes to the

unweighted assessment

Socio Economic Indicators

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Elliot Lake 49556 $ $ 55809 low low

Windsor 70740 $ $ 89181 low low

Espanola 74662 $ $ 95740 low low

Cornwall 77046 $ $ 101758 low low

St Thomas 79492 $ $ 94092 low low

Timmins 80049 $ $ 96701 low low

Welland 82100 $ $ 91809 low low

Sault Ste Marie 87701 $ $ 112497 low low

Owen Sound 90150 $ $ 109736 low low

Thunder Bay 92226 $ $ 114994 low low

Ingersoll 92868 $ $ 113347 low low

Bancroft 94650 $ $ 95422 low low

Port Colborne 96242 $ $ 107878 low low

Quinte West 96974 $ $ 106167 low low

Sarnia 97322 $ $ 112509 low low

Tillsonburg 98390 $ $ 116633 low low

Brockville 99130 $ $ 121702 low low

Belleville 99663 $ $ 126825 low mid

Brantford 102171 $ $ 122952 low low

St Catharines 103081 $ $ 119650 low low

Greater Sudbury 104015 $ $ 127985 low mid

North Bay 104307 $ $ 124452 low mid

Peterborough 104810 $ $ 118983 low low

London 105144 $ $ 120661 low low

Parry Sound 105525 $ $ 122599 low low

St Marys 105921 $ $ 120810 low low

Penetanguishene 108151 $ $ 111153 low low

Thorold 109101 $ $ 121396 low low

Midland 110881 $ $ 117659 low low

Kenora 111838 $ $ 132512 low mid

Fort Erie 111853 $ $ 119871 low low

Kitchener 116058 $ $ 136243 low mid

Minto 116637 $ $ 99007 low low

Oshawa 116675 $ $ 131036 low mid

Stratford 117383 $ $ 142680 low mid

Orillia 118401 $ $ 140299 low mid

Municipal Study 2018

Assessment Per Capita (Sorted by Unweighted Assessment) (contrsquod)

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Niagara Falls $ 119136 $ 145134 mid mid

Chatham‐Kent $ 119182 $ 95494 mid low

Strathroy‐Caradoc $ 120420 $ 112270 mid low

Cambridge $ 121506 $ 147676 mid mid

Hamilton $ 123694 $ 146819 mid mid

Tay $ 124259 $ 122533 mid low

Orangeville $ 127343 $ 136426 mid mid

Kingston $ 128262 $ 146747 mid mid

Barrie $ 129721 $ 139665 mid mid

Greenstone $ 130518 $ 127794 mid mid

West Lincoln $ 130985 $ 121413 mid low

Haldimand $ 131748 $ 125004 mid mid

Clarington $ 133155 $ 136930 mid mid

Guelph $ 139291 $ 165252 mid

Norfolk $ 139339 $ 123997 mid low

Brockton $ 139798 $ 106270 mid low

Brampton $ 140308 $ 149135 mid mid

Lincoln $ 141793 $ 142067 mid mid

Pelham $ 142156 $ 141412 mid mid

Grimsby $ 143810 $ 153059 mid mid

Wellington North $ 147042 $ 114949 mid low

Central Elgin $ 148557 $ 128634 mid mid

Whitby $ 150288 $ 161449 mid mid

Centre Wellington $ 152007 $ 144000 mid mid

Wainfleet $ 153135 $ 138714 mid mid

Georgina $ 154729 $ 153478 mid mid

Brock $ 155114 $ 137843 mid mid

North Stormont $ 157983 $ 105544 mid low

Wilmot $ 159381 $ 150091 mid mid

Meaford $ 161150 $ 146718 mid mid

Brant $ 161479 $ 154147 mid mid

Ottawa $ 164103 $ 194028 mid

Waterloo $ 164531 $ 194966 mid

Woolwich $ 165349 $ 166951 mid

Prince Edward County $ 165730 $ 157062 mid mid

high

high

high

high

Wellesley 167265 $ $ 136354 mid mid

Socio Economic Indicators 33

Municipal Study 2018

Assessment Per Capita (Sorted by Unweighted Assessment ) (contrsquod)

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Collingwood $ 170793 $ 177145

Pickering $ 175091 $ 187269

Springwater $ 177271 $ 165762

Saugeen Shores $ 177948 $ 174964

Innisfil $ 179107 $ 175252

Milton $ 183143 $ 197531

Huntsville $ 184033 $ 184555

Bracebridge $ 186068 $ 186348

North Perth $ 187449 $ 127259

North Dumfries $ 188250 $ 198361

Newmarket $ 190605 $ 197521

Halton Hills $ 191864 $ 202944

Mississauga $ 195204 $ 220161

Kincardine $ 196159 $ 175934

Guelph‐Eramosa $ 201118 $ 181487

Erin $ 202247 $ 186496

Middlesex Centre $ 205689 $ 155170

Burlington $ 207355 $ 234312

Grey Highlands $ 209673 $ 176167

Mapleton $ 213981 $ 135649

Whitchurch‐Stouffvill $ 220586 $ 220377

Toronto $ 222667 $ 320682

Caledon $ 236060 $ 235797

East Gwillimbury $ 240312 $ 235891

Markham $ 241816 $ 249067

Aurora $ 244870 $ 250861

Lambton Shores $ 245964 $ 216573

Niagara‐on‐the‐Lake $ 259936 $ 274476

Gravenhurst $ 261645 $ 262220

North Middlesex $ 263607 $ 135367

Richmond Hill $ 264402 $ 270035

Oakville $ 272192 $ 296552

Vaughan $ 272434 $ 286894

Puslinch $ 276942 $ 290895

Tiny $ 305257 $ 298534

King $ 310146 $ 297667

Average $ 154140 $ 156898 Median $ 141974 $ 139982

high high

high high

high high

high high

high high

high high

high high

high high

high mid

high high

high high

high high

high high

high high

high high

high high

high mid

high high

high high

high mid

high high

high high

high high

high high

high high

high high

high high

high high

high high

high mid

high high

high high

high high

high high

high high

high high

Socio Economic Indicators 34

Municipal Study 2018

Taxable Assessment Per Capita (Grouped by Location sorted by unweighted assessment)

Eastern Municipalities 3

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Cornwall 77046 $ $ 101758 low low

Bancroft 94650 $ $ 95422 low low

Quinte West 96974 $ $ 106167 low low

Brockville 99130 $ $ 121702 low low

Belleville 99663 $ $ 126825 low mid

Peterborough 104810 $ $ 118983 low low

Kingston 128262 $ $ 146747 mid mid

North Stormont 157983 $ $ 105544 mid low

Ottawa 164103 $ $ 194028 mid high

Prince Edward County 165730 $ $ 157062 mid mid

Eastern Avg 118835 $ $ 127424

Median 102236 $ $ 120342

NiagaraHamilton Municipalities

2

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Welland 82100 $ $ 91809 low low

Port Colborne 96242 $ $ 107878 low low

St Catharines 103081 $ $ 119650 low low

Thorold 109101 $ $ 121396 low low

Fort Erie 111853 $ $ 119871 low low

Niagara Falls 119136 $ $ 145134 mid mid

Hamilton 123694 $ $ 146819 mid mid

West Lincoln 130985 $ $ 121413 mid low

Lincoln 141793 $ $ 142067 mid mid

Pelham 142156 $ $ 141412 mid mid

Grimsby 143810 $ $ 153059 mid mid

Wainfleet 153135 $ $ 138714 mid mid

Niagara‐on‐the‐Lake 259936 $ $ 274476 high high

NiagaraHamilton Avg $ 132079 $ 140285

Median $ 123694 $ 138714

Socio Economic Indicators 35

Municipal Study 2018

Taxable Assessment Per Capita (contrsquod) (Grouped by Location sorted by unweighted assessment)

GTA Municipalities

1

Municipality

2018 Unweighted Assessment per Capita

2018 Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Oshawa $ 116675 $ 131036 low mid

Clarington $ 133155 $ 136930 mid mid

Brampton $ 140308 $ 149135 mid mid

Whitby $ 150288 $ 161449 mid mid

Georgina $ 154729 $ 153478 mid mid

Brock $ 155114 $ 137843 mid mid

Pickering $ 175091 $ 187269

Milton $ 183143 $ 197531

Newmarket $ 190605 $ 197521

Halton Hills $ 191864 $ 202944

Mississauga $ 195204 $ 220161

Burlington $ 207355 $ 234312

Whitchurch‐Stouffville $ 220586 $ 220377

Toronto $ 222667 $ 320682

Caledon $ 236060 $ 235797

East Gwillimbury $ 240312 $ 235891

Markham $ 241816 $ 249067

Aurora $ 244870 $ 250861

Richmond Hill $ 264402 $ 270035

Oakville $ 272192 $ 296552

Vaughan $ 272434 $ 286894

King $ 310146 $ 297667

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

GTA Avg $ 205410 $ 216974

Median $ 201279 $ 220269

Socio Economic Indicators 36

Municipal Study 2018

Taxable Assessment Per Capita (contrsquod) (Grouped by Location sorted by unweighted assessment)

Northern Municipalities 4

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Elliot Lake 49556 $ $ 55809 low low

Espanola 74662 $ $ 95740 low low

Timmins 80049 $ $ 96701 low low

Sault Ste Marie 87701 $ $ 112497 low low

Thunder Bay 92226 $ $ 114994 low low

Greater Sudbury 104015 $ $ 127985 low mid

North Bay 104307 $ $ 124452 low mid

Parry Sound 105525 $ $ 122599 low low

Kenora 111838 $ $ 132512 low mid

Greenstone 130518 $ $ 127794 mid mid

North Avg 94040 $ $ 111108

Median 98121 $ $ 118797

SimcoeMuskokaDufferin Municipalities

6

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Penetanguishene 108151 $ $ 111153 low low

Midland 110881 $ $ 117659 low low

Orillia 118401 $ $ 140299 low mid

Tay 124259 $ $ 122533 mid low

Orangeville 127343 $ $ 136426 mid mid

Barrie 129721 $ $ 139665 mid mid

Collingwood 170793 $ $ 177145 high high

Springwater 177271 $ $ 165762 high high

Innisfil 179107 $ $ 175252 high high

Huntsville 184033 $ $ 184555 high high

Bracebridge 186068 $ $ 186348 high high

Gravenhurst 261645 $ $ 262220 high high

Tiny 305257 $ $ 298534 high high

SimcoeMuskDuff Avg $ 167918 $ 170581

Median $ 170793 $ 165762

Socio Economic Indicators 37

Municipal Study 2018

Taxable Assessment Per Capita (contrsquod) (Grouped by Location sorted by unweighted assessment) Southwest Municipalities

5

Municipality

2018

Unweighted Assessment per Capita

2018 Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Windsor $ 70740 $ 89181 low low

St Thomas $ 79492 $ 94092 low low

Owen Sound $ 90150 $ 109736 low low

Ingersoll $ 92868 $ 113347 low low

Sarnia $ 97322 $ 112509 low low

Tillsonburg $ 98390 $ 116633 low low

Brantford $ 102171 $ 122952 low low

London $ 105144 $ 120661 low low

St Marys $ 105921 $ 120810 low low

Kitchener $ 116058 $ 136243 low mid

Minto $ 116637 $ 99007 low low

Stratford $ 117383 $ 142680 low mid

Chatham‐Kent $ 119182 $ 95494 mid low

Strathroy‐Caradoc $ 120420 $ 112270 mid low

Cambridge $ 121506 $ 147676 mid mid

Haldimand $ 131748 $ 125004 mid mid

Guelph $ 139291 $ 165252 mid

Norfolk $ 139339 $ 123997 mid low

Brockton $ 139798 $ 106270 mid low

Wellington North $ 147042 $ 114949 mid low

Central Elgin $ 148557 $ 128634 mid mid

Centre Wellington $ 152007 $ 144000 mid mid

Wilmot $ 159381 $ 150091 mid mid

Meaford $ 161150 $ 146718 mid mid

Brant $ 161479 $ 154147 mid mid

Waterloo $ 164531 $ 194966 mid

Woolwich $ 165349 $ 166951 mid

Wellesley $ 167265 $ 136354

high high

high mid

high high

high high

high high

high high

high mid

high high

high mid

high high

high mid

high high

mid mid

Saugeen Shores $ 177948 $ 174964

North Perth $ 187449 $ 127259

North Dumfries $ 188250 $ 198361

Kincardine $ 196159 $ 175934

Guelph‐Eramosa $ 201118 $ 181487

Erin $ 202247 $ 186496

Middlesex Centre $ 205689 $ 155170

Grey Highlands $ 209673 $ 176167

Mapleton $ 213981 $ 135649

Lambton Shores $ 245964 $ 216573

North Middlesex $ 263607 $ 135367

Puslinch $ 276942 $ 290895

high

high

high

Southwest Avg $ 152484 $ 143624

Median $ 147800 $ 135946

Socio Economic Indicators 38

‐ ‐

‐ ‐

Municipal Study 2018

Unweighted AssessmentmdashTrend

The tables on the next several pages reflect the change in unweighted assessment from 2013‐2018 The changes in assessment trends are related to new growth as well as changes in market value of existing properties The changes include the impact of reassessment as well as growth The table has been sorted

from low to high for the 2017‐2018 change in assessment

2013

2014

2014 2015

2015

2016

2016 2017

2017 2018

Ranking 2017 2018

Meaford 56 52 45 04 03 low

Owen Sound 33 25 20 ‐09 14 low

Brockvil le 47 36 62 ‐25 15 low

North Bay 61 49 51 ‐11 23 low

Elliot Lake NA 51 47 ‐10 23 low

St Marys NA NA 30 31 27 low

Windsor 14 12 14 29 27 low

Timmins 71 65 58 ‐10 29 low

Bracebridge 29 25 26 09 30 low

Peterborough 33 29 30 45 30 low

Brant 59 52 59 63 31 low

Gravenhurst 27 31 30 17 33 low

Bellevil le 33 39 29 15 36 low

Saugeen Shores 59 60 51 ‐03 36 low

Huntsville 22 28 24 14 37 low

Ottawa 78 65 72 58 38 low

Fort Erie 20 19 18 ‐02 38 low

Sarnia 21 20 23 25 38 low

London 37 46 35 47 40 low

Greater Sudbury 83 63 49 ‐10 41 low

Port Colborne 27 30 22 15 43 low

Parry Sound NA NA 27 ‐50 45 low

St Thomas 21 31 30 23 45 low

Sault Ste Marie 73 63 62 22 45 low

Prince Edward County 58 42 44 50 46 low

Quinte West 35 41 31 28 46 low

Stratford 58 40 38 33 47 low

Kingston 59 13 48 37 47 low

Greenstone 23 22 19 34 47 low

Ingersoll 09 54 32 23 48 low

Welland 28 30 19 34 49 low

Tillsonburg 36 33 26 15 50 low

Socio Economic Indicators 39

Municipal Study 2018

Unweighted AssessmentmdashTrend (contrsquod)

Socio Economic Indicators

2013 ‐

2014 2014 ‐

2015 2015 ‐

2016 2016 ‐

2017 2017 ‐

2018

Ranking 2017 ‐ 2018

Cambridge 41 38 37 43 51 mid

Kenora 67 65 61 38 51 mid

St Catharines 32 28 24 27 51 mid

Kitchener 55 61 53 53 53 mid

Central Elgin NA NA NA 36 54 mid

Collingwood NA 36 39 46 56 mid

Kincardine NA NA 54 20 56 mid

Cornwall 106 64 67 ‐14 57 mid

Strathroy‐Caradoc NA 45 42 62 57 mid

Orill ia 27 26 23 30 57 mid

Wilmot 56 53 52 49 58 mid

Erin NA NA 49 48 59 mid

Brock 37 41 37 49 59 mid

Thunder Bay 72 71 75 56 61 mid

Brantford NA NA NA NA 61 mid

Thorold 36 37 39 34 62 mid

Grey Highlands NA 69 64 37 63 mid

Orangevil le 43 41 43 46 64 mid

Lambton Shores 64 57 57 53 65 mid

Wainfleet 31 28 29 63 65 mid

Woolwich 48 53 42 64 65 mid

Pelham 34 33 40 43 65 mid

Centre Wellington NA NA 48 59 66 mid

North Dumfries 38 36 39 60 67 mid

Mississauga 57 55 51 66 67 mid

Barrie 30 33 28 75 67 mid

Guelph 43 64 38 86 67 mid

Chatham‐Kent NA NA 48 53 68 mid

Puslinch NA NA 43 20 71 mid

Guelph‐Eramosa NA NA 46 62 72 mid

Halton Hills 85 62 48 64 72 mid

Minto NA NA 46 75 73 mid

Hamilton 43 45 48 63 73 mid

Haldimand NA NA NA 51 73 mid

40

Municipal Study 2018

Unweighted AssessmentmdashTrend (contrsquod)

41Socio Economic Indicators

Lincoln 39 45 37 52 76

Middlesex Centre 73 74 66 66 78

Burlington 54 62 53 69 78

Waterloo 66 60 58 56 81

Caledon 74 71 63 73 84

Toronto 65 67 67 88 87

Grimsby 32 48 43 79 88

Brampton 77 74 73 84 88

Wellesley 65 58 50 87 89

Niagara‐on‐the‐Lake 58 97 64 74 90

Wellington North NA NA 55 93 91

Vaughan 77 75 63 90 91

Whitby 51 43 41 96 92

Clarington 73 47 44 86 93

Georgina 49 46 51 87 98

Milton 85 91 76 76 98

Oakville 68 77 69 75 100

Oshawa 38 32 38 106 102

West Lincoln 49 36 45 94 102

Newmarket 80 63 56 93 104

Whitchurch‐Stouffvil le 84 66 57 104 106

Markham 93 85 79 115 106

King 117 103 101 84 107

Mapleton NA NA 84 115 109

Niagara Falls 37 72 50 ‐09 112

Aurora 76 73 88 115 115

Richmond Hill 87 81 75 130 117

North Middlesex NA NA NA 126 118

Springwater 40 48 44 63 121

North Perth NA NA NA 126 122

Innisfil 49 47 61 80 125

Pickering 58 45 46 38 137

East Gwillimbury 88 55 46 134 159

Average 53 50 47 51 67

Median 51 48 46 52 64

2013 ‐

2014 2014 ‐

2015

2015 ‐2016

2016 ‐

2017

2017 ‐

2018

Ranking 2017 ‐ 2018

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐2018)

3

Eastern

Brockvil le 47 36 62 ‐25 15 low

Peterborough 33 29 30 45 30 low

Bellevil le 33 39 29 15 36 low

Ottawa 78 65 72 58 38 low

Prince Edward County 58 42 44 50 46 low

Quinte West 35 41 31 28 46 low

Kingston 59 13 48 37 47 low

Cornwall 106 64 67 ‐14 57 mid

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

Ranking 2017 ‐ 2018

Average 56 41 48 24 39

Median 53 40 46 33 42

2

NiagaraHamilton

Fort Erie 20 19 18 ‐02 38 low

Port Colborne 27 30 22 15 43 low

Welland 28 30 19 34 49 low

St Catharines 32 28 24 27 51 mid

Thorold 36 37 39 34 62 mid

Wainfleet 31 28 29 63 65 mid

Pelham 34 33 40 43 65 mid

Hamilton 43 45 48 63 73 mid

Lincoln 39 45 37 52 76 high

Grimsby 32 48 43 79 88 high

Niagara‐on‐the‐Lake 58 97 64 74 90 high

West Lincoln 49 36 45 94 102 high

Niagara Falls 37 72 50 ‐09 112 high

Ranking 2017 ‐ 2018

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

Average 36 42 37 44 70

Median 34 36 39 43 65

Socio Economic Indicators 42

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐2018) (contrsquod)

1

GTA

Brock

Mississauga

Halton Hills

Burlington

Caledon

Toronto

Brampton

Vaughan

Whitby

Clarington

Georgina

Milton

Oakville

Oshawa

Newmarket

Whitchurch‐Stouffvil le

Markham

King

Aurora

Richmond Hill

Pickering

East Gwill imbury

Average

Median

37

57

85

54

74

65

77

77

51

56

49

85

68

38

80

84

93

117

76

87

58

88

71

75

2013 ‐2014

41

55

62

62

71

67

74

75

43

47

46

91

77

32

63

66

85

103

73

81

45

55

64

65

2014 ‐2015

37

51

48

53

63

67

73

63

41

44

51

76

69

38

56

57

79

101

88

75

46

46

60

57

2015 ‐2016

49

66

64

69

73

88

84

90

96

86

87

76

75

106

93

104

115

84

115

130

38

134

87

86

2016 ‐2017

59 mid

67 mid

72 mid

78 high

84 high

87 high

88 high

91 high

92 high

93 high

98 high

98 high

100 high

102 high

104 high

106 high

106 high

107 high

115 high

117 high

137 high

159 high

98

98

2017 ‐2018

Ranking 2017 ‐ 2018

Socio Economic Indicators 43

‐ ‐ ‐ ‐ ‐

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐18) (contrsquod)

5

Southwest

2013

2014 2014 2015

2015

2016 2016

2017 2017

2018 Ranking 2017 2018

Meaford 56 52 45 04 03 low

Owen Sound 33 25 20 ‐09 14 low

St Marys NA NA 30 31 27 low

Windsor 14 12 14 29 27 low

Brant 59 52 59 63 31 low

Saugeen Shores 59 60 51 ‐03 36 low

Sarnia 21 20 23 25 38 low

London 37 46 35 47 40 low

St Thomas 21 31 30 23 45 low

Stratford 58 40 38 33 47 low

Ingersoll 09 54 32 23 48 low

Tillsonburg 36 33 26 15 50 low

Cambridge 41 38 37 43 51 mid

Kitchener 55 61 53 53 53 mid

Central Elgin NA NA NA 36 54 mid

Kincardine NA NA 54 20 56 mid

Strathroy‐Caradoc NA 45 42 62 57 mid

Wilmot 56 53 52 49 58 mid

Erin NA NA 49 48 59 mid

Brantford NA NA NA NA 61 mid

Grey Highlands NA 69 64 37 63 mid

Lambton Shores 64 57 57 53 65 mid

Woolwich 48 53 42 64 65 mid

Centre Wellington NA NA 48 59 66 mid

North Dumfries 38 36 39 60 67 mid

Guelph 43 64 38 86 67 mid

Chatham‐Kent NA NA 48 53 68 mid

Puslinch NA NA 43 20 71 mid

Guelph‐Eramosa NA NA 46 62 72 mid

Minto NA NA 46 75 73 mid

Haldimand NA NA NA 51 73 mid

Middlesex Centre 73 74 66 66 78

Waterloo 66 60 58 56 81

Wellesley 65 58 50 87 89

Wellington North NA NA 55 93 91

Mapleton NA NA 84 115 109

North Middlesex NA NA NA 126 118

North Perth NA NA NA 126 122

Average 45 48 45 51 60

Median 48 52 46 51 60

high

high

high

high

high

high

high

Socio Economic Indicators 44

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐18) (contrsquod)

4

North

North Bay 61 49 51 ‐11 23 low

Elliot Lake NA 51 47 ‐10 23 low

Timmins 71 65 58 ‐10 29 low

Greater Sudbury 83 63 49 ‐10 41 low

Parry Sound NA NA 27 ‐50 45 low

Sault Ste Marie 73 63 62 22 45 low

Greenstone 23 22 19 34 47 low

Kenora 67 65 61 38 51 mid

Thunder Bay 72 71 75 56 61 mid

Ranking 2017 ‐ 2018

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

6

SimcoeMuskDuff

Bracebridge 29 25 26 09 30 low

Gravenhurst 27 31 30 17 33 low

Huntsvil le 22 28 24 14 37 low

Collingwood NA 36 39 46 56 mid

Orill ia 27 26 23 30 57 mid

Orangevil le 43 41 43 46 64 mid

Barrie 30 33 28 75 67 mid

Springwater 40 48 44 63 121 high

Innisfi l 49 47 61 80 125 high

Ranking 2017 ‐ 2018

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

Average 64 56 50 07 41

Median 71 63 51 ‐10 45

Average 33 35 35 42 65

Median 29 33 30 46 57

Socio Economic Indicators 45

Municipal Study 2018

2018 Unweighted Assessment Composition (Sorted Alphabetically)

Municipality Residential Multi‐

Residential Commercial Industrial Pipelines Farmlands Forests

Aurora 876 09 95 18 01 01 00

Bancroft 746 46 181 07 00 05 15

Barrie 764 41 170 21 02 02 00

Belleville 708 55 192 27 04 14 00

Bracebridge 877 14 87 11 05 01 05

Brampton 809 19 135 33 02 02 00

Brant 702 04 49 40 04 200 01

Brantford 757 43 150 43 02 04 00

Brock 754 08 40 10 02 182 03

Brockton 571 19 57 07 02 341 02

Brockville 761 65 145 25 04 00 00

Burlington 789 37 140 27 02 04 00

Caledon 793 02 105 35 01 57 07

Cambridge 752 44 149 51 02 03 00

Central Elgin 732 01 36 05 03 220 01

Centre Wellington 774 10 51 16 02 145 02

Chatham‐Kent 508 14 70 15 08 384 00

Clarington 858 09 67 21 04 39 02

Collingwood 842 18 122 16 01 01 00

Cornwall 684 55 236 20 03 02 00

East Gwillimbury 867 03 68 12 02 46 02

Elliot Lake 805 76 105 06 08 00 00

Erin 804 02 32 12 01 144 06

Espanola 836 16 111 30 05 01 02

Fort Erie 885 11 72 13 04 15 00

Georgina 903 12 55 03 02 25 01

Gravenhurst 908 09 71 03 07 01 02

Greater Sudbury 801 40 130 23 03 01 00

Greenstone 264 06 159 11 559 00 00

Grey Highlands 703 03 23 22 01 235 14

Grimsby 884 07 78 11 02 18 00

Guelph 786 46 124 42 02 00 00

Guelph‐Eramosa 757 02 42 11 02 184 01

Haldimand 739 07 46 27 11 169 01

Halton Hills 834 09 94 30 01 30 01

Hamilton 820 41 100 16 04 19 00

Socio Economic Indicators 46

Municipal Study 2018

2018 Unweighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Municipality Residential Multi‐

Residential Commercial Industrial Pipelines Farmlands Forests

Huntsville 860 09 104 12 09 01 05

Ingersoll 810 19 101 66 03 01 00

Innisfil 871 02 64 08 04 51 01

Kenora 823 17 119 21 20 01 00

Kincardine 628 09 104 46 00 212 02

King 886 02 35 08 03 64 03

Kingston 764 80 138 11 03 04 00

Kitchener 794 67 124 14 00 01 00

Lambton Shores 715 07 55 07 02 213 00

Lincoln 775 06 61 28 05 124 00

London 815 37 124 12 02 09 00

Mapleton 415 01 18 19 05 540 03

Markham 848 10 123 16 01 02 00

Meaford 806 18 28 02 05 133 09

Middlesex Centre 594 03 28 03 31 340 01

Midland 758 40 168 29 02 02 00

Milton 819 07 115 35 05 18 02

Minto 608 05 66 23 02 295 01

Mississauga 727 37 198 37 01 00 00

Newmarket 840 15 122 21 01 00 00

Niagara Falls 695 27 256 11 04 07 00

Niagara‐on‐the‐Lake 747 03 147 09 03 89 00

Norfolk 700 07 57 12 06 215 04

North Bay 766 46 156 18 13 00 00

North Dumfries 702 02 87 54 42 111 01

North Middlesex 303 04 18 07 07 658 04

North Perth 441 06 57 19 02 475 00

North Stormont 494 04 26 05 02 468 02

Oakville 845 19 115 18 01 01 00

Orangeville 834 20 129 16 01 00 00

Orillia 755 55 171 16 02 00 00

Oshawa 792 58 125 19 02 04 00

Ottawa 756 54 170 10 02 08 00

Owen Sound 750 70 162 14 03 01 00

Parry Sound 727 37 222 11 02 01 00

Pelham 895 07 34 01 06 56 01

Socio Economic Indicators 47

Municipal Study 2018

2018 Unweighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Multi‐

Municipality Residential Residential Commercial Industrial Pipelines Farmlands Forests

Penetanguishene 895 22 59 20 03 01 01

Peterborough 783 73 129 13 02 01 00

Pickering 829 08 122 21 02 18 00

Port Colborne 829 21 73 43 05 28 00

Prince Edward County 847 14 46 06 01 84 02

Puslinch 791 01 78 48 03 73 06

Quinte West 767 26 146 16 08 37 01

Richmond Hill 892 12 83 12 01 01 00

Sarnia 774 39 125 32 07 23 00

Saugeen Shores 885 16 56 01 02 39 01

Sault Ste Marie 780 54 145 16 04 00 00

Springwater 842 02 36 09 06 99 05

St Catharines 789 51 136 14 02 08 00

St Marys 828 16 79 68 03 07 00

St Thomas 827 40 94 31 03 04 00

Stratford 792 46 123 32 02 04 00

Strathroy‐Caradoc 706 23 71 25 22 151 01

Tay 920 00 40 05 03 27 05

Thorold 803 47 82 33 11 23 00

Thunder Bay 791 40 153 13 03 00 00

Tillsonburg 824 33 100 35 03 06 00

Timmins 801 20 147 26 05 02 00

Tiny 945 02 12 01 03 31 05

Toronto 745 67 175 13 01 00 00

Vaughan 787 03 155 52 01 02 00

Wainfleet 813 00 20 04 05 156 01

Waterloo 746 94 137 20 01 00 00

Welland 854 37 85 15 04 04 00

Wellesley 595 01 24 44 02 332 02

Wellington North 524 11 54 23 02 384 02

West Lincoln 751 03 35 16 13 181 01

Whitby 860 21 97 16 02 04 00

Whitchurch‐Stouffville 888 06 65 17 01 22 02

Wilmot 786 08 40 11 03 150 01

Windsor 758 40 158 39 04 02 00

Woolwich 697 09 99 33 03 158 01

Average 766 23 99 20 09 80 01 Median 789 16 98 16 03 14 00 Min 264 00 12 01 00 00 00 Max 945 94 256 68 559 658 15

Socio Economic Indicators 48

Municipal Study 2018

Top 10 Municipalities With Highest Proportion of Unweighted Assessment Per Type of Assessment

Municipality Residential

Tiny 945

Tay 920

Gravenhurst 908

Georgina 903

Pelham 895

Penetanguishene 895

Richmond Hill 892

Whitchurch‐Stouffville 888

King 886

Saugeen Shores 885

Municipality Industrial

St Marys 68

Ingersoll 66

North Dumfries 54

Vaughan 52

Cambridge 51

Puslinch 48

Kincardine 46

Wellesley 44

Port Colborne 43

Brantford 43

Municipality Multi‐Residential

Waterloo 94

Kingston 80

Elliot Lake 76

Peterborough 73

Owen Sound 70

Toronto 67

Kitchener 67

Brockville 65

Oshawa 58

Orillia 55

Municipality Pipelines

Greenstone 559

North Dumfries 42

Middlesex Centre 31

Strathroy‐Caradoc 22

Kenora 20

West Lincoln 13

North Bay 13

Thorold 11

Haldimand 11

Huntsville 09

Municipality Commercial

Niagara Falls 256

Cornwall 236

Parry Sound 222

Mississauga 198

Belleville 192

Bancroft 181

Toronto 175

Orillia 171

Barrie 170

Ottawa 170

Municipality Farmlands

North Middlesex 658

Mapleton 540

North Perth 475

North Stormont 468

Chatham‐Kent 384

Wellington North 384

Brockton 341

Middlesex Centre 340

Wellesley 332

Minto 295

Socio Economic Indicators 49

Municipal Study 2018

2018 Weighted Assessment Composition (Sorted Alphabetically)

Municipality Residential Multi‐

Residential Commercial Industrial Pipelines Farmlands Forests

Aurora 855 09 112 23 01 00 00

Bancroft 740 52 195 08 00 01 04

Barrie 709 38 224 26 02 00 00

Belleville 556 102 286 49 04 03 00

Bracebridge 876 14 94 10 04 00 01

Brampton 761 30 163 44 02 00 00

Brant 735 07 96 103 07 50 00

Brantford 629 65 223 79 03 01 00

Brock 848 18 64 24 03 41 01

Brockton 751 25 92 16 02 112 01

Brockville 620 94 228 53 05 00 00

Burlington 698 65 179 55 02 01 00

Caledon 794 04 139 51 01 10 02

Cambridge 619 62 237 80 02 01 00

Central Elgin 846 03 69 14 05 64 00

Centre Wellington 817 20 79 40 04 38 00

Chatham‐Kent 633 36 172 40 12 106 00

Clarington 834 17 93 43 05 08 01

Collingwood 812 22 144 20 02 00 00

Cornwall 518 96 343 39 04 00 00

East Gwillimbury 883 03 83 17 01 12 01

Elliot Lake 715 135 138 07 05 00 00

Erin 872 04 51 30 02 39 02

Espanola 652 25 166 153 04 00 00

Fort Erie 826 20 113 31 06 04 00

Georgina 910 12 66 04 01 06 00

Gravenhurst 906 09 77 03 05 00 00

Greater Sudbury 651 61 207 75 05 00 00

Greenstone 270 12 227 28 463 00 00

Grey Highlands 836 05 35 49 01 70 04

Grimsby 831 12 124 26 03 04 00

Guelph 663 69 191 75 03 00 00

Guelph‐Eramosa 839 05 69 29 06 51 00

Haldimand 779 14 81 64 17 44 00

Halton Hills 789 17 128 59 01 06 00

Hamilton 691 86 165 48 07 03 00

Huntsville 858 09 112 13 06 00 01

Socio Economic Indicators 50

Municipal Study 2018

2018 Weighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Municipality Residential Multi

Residential Commercial Industrial Pipelines Farmlands Forests

Ingersoll 664 37 156 140 03 00 00

Innisfil 890 03 79 10 05 13 00

Kenora 695 22 214 44 25 00 00

Kincardine 700 10 142 89 00 59 00

King 923 02 44 11 03 17 01

Kingston 668 70 236 23 03 01 00

Kitchener 676 97 204 22 00 00 00

Lambton Shores 812 13 100 17 04 55 00

Lincoln 774 11 103 71 09 31 00

London 710 58 207 20 04 01 00

Mapleton 655 03 41 70 16 213 01

Markham 823 10 145 21 01 01 00

Meaford 885 28 39 04 05 36 03

Middlesex Centre 788 06 43 08 44 113 00

Midland 714 48 196 38 03 00 00

Milton 760 12 153 66 05 03 00

Minto 716 11 115 64 06 87 00

Mississauga 645 47 256 51 01 00 00

Newmarket 811 15 144 29 01 00 00

Niagara Falls 571 43 356 23 05 01 00

Niagara‐on‐the‐Lake 708 06 239 20 06 21 00

Norfolk 787 14 107 22 10 60 01

North Bay 642 80 244 21 12 00 00

North Dumfries 666 05 159 97 47 26 00

North Middlesex 590 12 39 22 15 321 02

North Perth 648 15 104 52 05 175 00

North Stormont 740 06 60 15 04 175 01

Oakville 776 35 151 36 01 00 00

Orangeville 779 45 146 30 01 00 00

Orillia 637 66 269 22 06 00 00

Oshawa 706 96 160 35 02 01 00

Ottawa 640 63 275 19 03 01 00

Owen Sound 616 104 248 24 07 00 00

Parry Sound 626 47 312 13 02 00 00

Pelham 900 14 59 03 11 14 00

Penetanguishene 871 27 71 27 04 00 00

Peterborough 690 116 173 19 02 00 00

Socio Economic Indicators 51

Municipal Study 2018

2018 Weighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Multi‐

Municipality Residential Residential Commercial Industrial Pipelines Farmlands Forests

Pickering 775 14 164 41 02 03 00

Port Colborne 739 37 112 96 08 06 00

Prince Edward County 893 21 53 09 01 22 00

Puslinch 753 02 111 110 06 17 01

Quinte West 700 48 202 34 07 08 00

Richmond Hill 873 12 99 15 01 00 00

Sarnia 669 67 186 66 08 04 00

Saugeen Shores 900 16 70 02 02 10 00

Sault Ste Marie 608 46 253 85 06 00 00

Springwater 901 02 47 13 09 26 01

St Catharines 680 83 202 30 03 02 00

St Marys 726 15 106 147 05 02 00

St Thomas 698 79 154 65 03 01 00

Stratford 651 74 200 70 03 01 00

Strathroy‐Caradoc 757 44 86 47 25 41 00

Tay 933 00 48 07 04 07 01

Thorold 722 58 126 71 17 05 00

Thunder Bay 634 75 258 25 07 00 00

Tillsonburg 695 65 159 76 03 01 00

Timmins 663 29 246 52 09 00 00

Tiny 966 03 16 02 04 08 01

Toronto 517 114 343 25 01 00 00

Vaughan 747 03 178 70 01 00 00

Wainfleet 898 01 37 11 10 43 00

Waterloo 630 112 223 32 01 00 00

Welland 764 64 129 35 07 01 00

Wellesley 729 03 58 105 03 102 00

Wellington North 671 27 103 70 07 123 01

West Lincoln 810 07 64 44 25 49 00

Whitby 801 36 130 30 02 01 00

Whitchurch‐Stouffville 889 06 76 22 01 05 00

Wilmot 835 16 82 23 04 40 00

Windsor 601 63 248 82 06 00 00

Woolwich 690 14 190 63 04 39 00

Average 741 35 146 42 10 25 00 Median 737 21 141 31 04 03 00 Min 270 00 16 02 00 00 00 Max 966 135 356 153 463 321 04

Socio Economic Indicators 52

Municipal Study 2018

2018 Shift In Tax BurdenmdashUnweighted to Weighted Residential Assessment

As shown in the table tax ratios typically shift the burden from residential to non‐residential properties

Approximately 64 of the municipalities surveyed have a decrease in tax burden on the Residential class as a result of tax ratios for non‐residential classes greater than 10 The implementation of tax ratios to the assessment base for municipalities with a larger proportion of farmland and managed forest results in an increase in the residential burden

Municipality

Residential Unweighted Assessment

Residential Weighted Assessment

Change Unweighted to Weighted Municipality

Residential Unweighted Assessment

Residential Weighted Assessment

Change Unweighted to Weighted

Toronto 745 517 ‐306 Oshawa 792 706 ‐110

Cornwall 684 518 ‐243 Port Colborne 829 739 ‐108

Sault Ste Marie 780 608 ‐220 Welland 854 764 ‐106

Espanola 836 652 ‐220 Thorold 803 722 ‐101

Belleville 708 556 ‐214 Quinte West 767 700 ‐87

Windsor 758 601 ‐207 Oakville 845 776 ‐82

Thunder Bay 791 634 ‐198 Milton 819 760 ‐73

Greater Sudbury 801 651 ‐187 Barrie 764 709 ‐71

Brockville 761 620 ‐185 Whitby 860 801 ‐69

Ingersoll 810 664 ‐181 Fort Erie 885 826 ‐67

Niagara Falls 695 571 ‐179 Orangeville 834 779 ‐67

Owen Sound 750 616 ‐178 Pickering 829 775 ‐65

Stratford 792 651 ‐177 Grimsby 884 831 ‐60

Cambridge 752 619 ‐177 Brampton 809 761 ‐59

Timmins 801 663 ‐172 Midland 758 714 ‐58

Brantford 757 629 ‐169 Halton Hills 834 789 ‐55

North Bay 766 642 ‐162 Niagara‐on‐the‐Lake 747 708 ‐53

Hamilton 820 691 ‐158 North Dumfries 702 666 ‐51

Guelph 786 663 ‐157 Vaughan 787 747 ‐50

Tillsonburg 824 695 ‐157 Puslinch 791 753 ‐48

St Thomas 827 698 ‐157 Collingwood 842 812 ‐36

Waterloo 746 630 ‐156 Newmarket 840 811 ‐35

Orillia 755 637 ‐156 Markham 848 823 ‐29

Kenora 823 695 ‐156 Clarington 858 834 ‐28

Ottawa 756 640 ‐154 Penetanguishene 895 871 ‐27

Kitchener 794 676 ‐148 Aurora 876 855 ‐24

Parry Sound 727 626 ‐139 Richmond Hill 892 873 ‐21

St Catharines 789 680 ‐138 Woolwich 697 690 ‐10

Sarnia 774 669 ‐135 Bancroft 746 740 ‐08

London 815 710 ‐129 Huntsville 860 858 ‐03

Kingston 764 668 ‐126 Gravenhurst 908 906 ‐02

St Marys 828 726 ‐123 Lincoln 775 774 ‐02

Peterborough 783 690 ‐119 Bracebridge 877 876 ‐02

Burlington 789 698 ‐115 Whitchurch‐Stouffville 888 889 01

Mississauga 727 645 ‐113

Elliot Lake 805 715 ‐112

Caledon 793 794 01

Pelham 895 900 05

Socio Economic Indicators 53

Municipal Study 2018

2018 Shift In Tax BurdenmdashUnweighted to Weighted Residential Assessment (contrsquod)

Municipality

Residential

Unweighted Assessment

Residential Weighted Assessment

Change Unweighted to Weighted

Georgina 903 910 08

Tay 920 933 14

Saugeen Shores 885 900 17

East Gwillimbury 867 883 19

Greenstone 264 270 21

Innisfil 871 890 22

Tiny 945 966 23

King 886 923 42

Brant 702 735 47

Haldimand 739 779 54

Prince Edward County 847 893 55

Centre Wellington 774 817 56

Wilmot 786 835 62

Springwater 842 901 69

Strathroy‐Caradoc 706 757 73

West Lincoln 751 810 79

Erin 804 872 84

Meaford 806 885 98

Wainfleet 813 898 104

Guelph‐Eramosa 757 839 108

Kincardine 628 700 115

Norfolk 700 787 124

Brock 754 848 125

Lambton Shores 715 812 136

Central Elgin 732 846 155

Minto 608 716 178

Grey Highlands 703 836 190

Wellesley 595 729 226

Chatham‐Kent 508 633 248

Wellington North 524 671 279

Brockton 571 751 315

Middlesex Centre 594 788 326

North Perth 441 648 471

North Stormont 494 740 497

Mapleton 415 655 577

North Middlesex 303 590 947

Average 766 741 ‐16 Median 789 737 ‐51 Min 264 270 ‐306 Max 945 966 947

Socio Economic Indicators 54

Municipal Study 2018

Residential Property Types Summary

Residential properties were broken down by the main property types to provide an indication of the housing mix and the median assessment values in each of the area

(000rsquos)

Area Single Family Detached

Home Link

Freehold Town

Semi Detached

Single on Water

Condo Seasonal

Weighted Median Assessed

Values

Total Average 357$ 300 $ 285 $ 253 $ 673 $ 228 $ 405 $ 342 $

Total Median 281$ 256 $ 264 $ 208 $ 550 $ 216 $ 362 $ 306 $

GTA Average 636 $ 452 $ 424 $ 422 $ $ 1181 322 $ 506 $ 556 $

GTA Median 600 $ 450 $ 410 $ 426 $ 718 $ 321 $ 486 $ 538 $

NiagaraHamilton Average 305 $ 270 $ 280 $ 214 $ 598 $ 208 $ 449 $ 299 $

NiagaraHamilton Median 279 $ 278 $ 277 $ 202 $ 538 $ 204 $ 510 $ 309 $

Eastern Average 252 $ 236 $ 234 $ 189 $ 449 $ 202 $ 264 $ 248 $

Eastern Median 224 $ 238 $ 227 $ 169 $ 343 $ 203 $ 242 $ 220 $

North Average 180$ 184 $ 163 $ 134 $ 330 $ 184 $ 233 $ 185 $

North Median 197 $ 192 $ 168 $ 130 $ 303 $ 196 $ 200 $ 203 $

Southwest Average 308 $ 240 $ 231 $ 227 $ 627 $ 190 $ 401 $ 301 $

Southwest Median 264 $ 221 $ 231 $ 198 $ 551 $ 184 $ 362 $ 272 $

SimcoeMuskDuff Average 293 $ 238 $ 271 $ 214 $ 661 $ 244 $ 581 $ 330 $

SimcoeMuskDuff Median 272 $ 230 $ 266 $ 200 $ 655 $ 244 $ 528 $ 326 $

The weighted median assessed value for residential properties range from an average of $185000 in northern municipalities to $556000 in the GTA

Socio Economic Indicators 55

Municipal Study 2018

Building Construction Activity (sorted from lowest to highest 2017 activity per capita)

The table summarizes the 2017 residential and non‐residential building permit values in each area

municipality To put these values into context the building permit value per capita is also summarized to get an appreciation of the relative building activity in each municipality The chart is sorted from lowest to highest based on building permit value per capita for 2017

Non Res 2017 per Municipality Res 2017 2017 Capita

East Gwillimbury 98 2 223 $

Chatham‐Kent 94 6 374 $

Greenstone 76 24 482 $

Elliot Lake 78 22 486 $

Cornwall 52 48 621 $

Espanola 68 32 814 $

Georgina 87 13 1174 $

Haldimand 0 100 1175 $

Thunder Bay 32 68 1280 $

Bancroft 57 43 1285 $

Timmins 22 78 1287 $

Sault Ste Marie 37 63 1365 $

St Catharines NA NA 1411 $

Port Colborne 82 18 1447 $

Grimsby 82 18 1451 $

Sarnia 40 60 1454 $

Whitby 52 48 1459 $

Tillsonburg 84 16 1476 $

Parry Sound 73 27 1506 $

Windsor 39 61 1549 $

Hamilton 64 36 1550 $

North Bay 36 64 1603 $

Kenora 58 42 1625 $

Mississauga 41 59 1636 $

Markham 41 59 1644 $

Richmond Hill 0 0 1756 $

Peterborough 53 47 1758 $

Brockton 0 100 1776 $

Mapleton 57 43 1857 $

Owen Sound 33 67 1966 $

Brantford 53 47 1968 $

Kitchener 66 34 2004 $

Norfolk 65 35 2087 $

Brant 53 47 2133 $

Ingersoll 91 9 2144 $

Brampton 88 12 2231 $

Non Res 2017 per Municipality Res 2017 2017 Capita

Greater Sudbury 25 75 2279 $

Belleville 0 100 2290 $

Caledon 75 25 2298 $

Lincoln 61 39 2309 $

St Marys NA NA 2366 $

North Stormont 71 29 2392 $

Guelph‐Eramosa 78 22 2444 $

St Thomas 80 20 2550 $

Orillia 77 23 2560 $

Penetanguishene 98 2 2601 $

Stratford 50 50 2646 $

Quinte West 76 24 2684 $

Whitchurch‐Stouffville 78 22 2695 $

Ottawa 66 34 2723 $

Wainfleet 80 20 2724 $

Fort Erie 70 30 2731 $

London 74 26 2763 $

North Middlesex 23 77 2790 $

Barrie 68 32 2826 $

Wellesley 37 63 2834 $

Cambridge 44 56 2838 $

Waterloo 69 31 2860 $

Bracebridge 43 57 2879 $

Welland 39 61 2942 $

Newmarket 70 30 2943 $

Wellington North 29 71 3001 $

Wilmot 60 40 3030 $

Burlington 60 40 3031 $

Tay 95 5 3043 $

Guelph 57 43 3066 $

Strathroy‐Caradoc 100 0 3072 $

Pickering NA NA 3085 $

Kingston 31 69 3105 $

Woolwich 52 48 3109 $

Minto 59 41 3140 $

Orangeville 40 60 3232 $

Socio Economic Indicators 56

Municipal Study 2018

Building Construction Activity (sorted from lowest to highest 2017 activity per capita) (contrsquod)

Municipality Res 2017 Non Res 2017

2017 per Capita

Erin

Tiny

Oshawa

Meaford

Huntsville

Clarington

Lambton Shores

Middlesex Centre

Grey Highlands

Brockville

Thorold

Collingwood

North Dumfries

Centre Wellington

Toronto

Kincardine

Saugeen Shores

Brock

Gravenhurst

West Lincoln

Halton Hills

Vaughan

Pelham

North Perth

Oakville

Puslinch

Niagara‐on‐the‐Lake

Innisfil

Springwater

King

Milton

78

100

NA

66

85

87

66

72

54

6

96

94

51

78

45

39

93

92

92

36

46

48

87

53

74

95

50

89

90

18

78

22

0

NA

34

15

13

34

28

46

94

4

6

49

22

55

61

7

8

8

64

54

52

13

47

26

5

50

11

10

82

22

3233 $

3570 $

3612 $

3822 $

3833 $

3835 $

4197 $

4246 $

4431 $

4443 $

4554 $

4567 $

4573 $

4646 $

4957 $

5155 $

5209 $

5278 $

5279 $

5544 $

5633 $

5705 $

5788 $

5842 $

5984 $

6175 $

6989 $

6997 $

7164 $

7317 $

7857 $

Average

Median

58

60

36

34

3033 $

2731 $

Socio Economic Indicators 57

Municipal Study 2018

Building Construction Activity Trend (Grouped by Location) Eastern

Municipality 2015 2016 2017

Cornwall 37426 $ 16405 $ 30149 $ 585 $

Bancroft 4537 $ 5644 $ 5186 $ 1269 $

Peterborough 108954 $ 108954 $ 149806 $ 1470 $

Brockville 13202 $ 17010 $ 97688 $ 1943 $

Belleville 63472 $ 121538 $ 122013 $ 1975 $

Kingston 160298 $ 218600 $ 400313 $ 2030 $

North Stormont 12129 $ 18723 $ 17196 $ 2228 $

Ottawa 2138273 $ 2646159 $ 2705350 $ 2590 $

Quinte West 113611 $ 141395 $ 122200 $ 2827 $

Prince Edward County 77834 $ 83204 $ NA 3194 $

Eastern Average 294656 $ 366048 $ 405545 $ 1880 $

Eastern Median 63472 $ 108954 $ 122013 $ 1975 $

Building Construction Value (000s)

3 Year Per Capita Avg

GTA Municipality 2015 2016 2017

East Gwillimbury 71000 $ NA 5706 $ 1578 $

Whitby 173069 $ 280107 $ 198721 $ 1643 $

Mississauga 1285935 $ 1455510 $ 1262657 $ 1775 $

Richmond Hill 284097 $ 613200 $ 363325 $ 2084 $

Markham 818093 $ 883308 $ 582098 $ 2234 $

Georgina 150765 $ 104777 $ 56405 $ 2263 $

Pickering 141842 $ 210728 $ 298448 $ 2290 $

Whitchurch‐Stouffville 80000 $ 140000 $ 139000 $ 2440 $

Brock 15712 $ 16485 $ 64569 $ 2700 $

Burlington 525815 $ 431921 $ 587588 $ 2720 $

Newmarket 275695 $ 262628 $ 263195 $ 3080 $

Brampton 2731791 $ 1961496 $ 1447772 $ 3314 $

Oshawa 558703 $ 454975 $ 614344 $ 3319 $

Toronto 7134639 $ 10297233 $ 14329509 $ 3766 $

Clarington 361916 $ 340630 $ 379537 $ 3818 $

Halton Hills 147541 $ 248173 $ 363426 $ 4003 $

Caledon 421729 $ 262630 $ 166235 $ 4315 $

Vaughan 1405075 $ 1148939 $ 1908214 $ 4526 $

Aurora 276058 $ 278362 $ NA 4836 $

Oakville 825811 $ 913947 $ 1235513 $ 4932 $

Milton 334740 $ 596372 $ 938908 $ 5494 $

King 254374 $ 334595 $ 202693 $ 11076 $

GTA Average 830655 $ 1011239 $ 1209898 $ 3555 $

GTA Median 309418 $ 340630 $ 363426 $ 3197 $

Building Construction Value (000s) 3 Year Per Capita Avg

Socio Economic Indicators 58

Municipal Study 2018

Building Construction Activity Trend (contrsquod) (Grouped by Location) NiagaraHamilton Municipality 2015 2016 2017

Building Construction Value (000 s) 3 Year Per Capita Avg

St Catharines

Hamilton

Port Colborne

Lincoln

Welland

Grimsby

Wainfleet

Fort Erie

Niagara Falls

Thorold

West Lincoln

Pelham

Niagara‐on‐the‐Lake

$

$

$

$

$

$

$

$

$

$

$

$

$

114141 149549 $ 196370 $

722412 613665 $ 876475 $

18130 32494 $ 27480 $

31382 40333 $ 58422 $

70323 81772 $ 162077 $

38517 120100 $ 42479 $

15495 15687 $ 18069 $

74083 94804 $ 88075 $

215200 279671 $ NA

40898 55860 $ 90748 $

83334 50382 $ 85170 $

33367 126873 $ 104245 $

126932 NA 133956 $

1128 $

1339 $

1396 $

1777 $

1951 $

2423 $

2543 $

2742 $

2842 $

3259 $

4890 $

5041 $

7350 $

NiagaraHamilton Avg

NiagaraHamilton Med

$

$

121863 138433 $ 156964 $

70323 88288 $ 89412 $

2975 $

2543 $

North Municipality 2015 2016 2017

Building Construction Value (000 s) 3 Year Per Capita Avg

Elliot Lake

Greenstone

Timmins

Espanola

Thunder Bay

Sault Ste Marie

North Bay

Parry Sound

Kenora

Greater Sudbury

$

$

$

$

$

$

$

$

$

$

10010 5976 $ 5313 $

3716 4058 $ 2306 $

45103 32653 $ 55231 $

6226 6860 $ 4112 $

157549 93789 $ 143390 $

125556 75822 $ 103149 $

66006 76258 $ 84620 $

8045 12431 $ 10173 $

20236 32201 $ 25352 $

237362 254506 $ 384024 $

638 $

715 $

1028 $

1098 $

1191 $

1341 $

1429 $

1551 $

1677 $

1760 $

North Average

North Median

SimcoeMuskDuff Municipality

$

$

67981 59456 $ 81767 $

32670 32427 $ 40292 $

2015 2016 2017 Building Construction Value (000 s)

1243 $

1266 $

3 Year Per Capita Avg

Barrie

Midland

Penetanguishene

Bracebridge

Tay

Orangeville

Tiny

Orillia

Huntsville

Collingwood

Gravenhurst

Innisfil

Springwater

$

$

$

$

$

$

$

$

$

$

$

$

198452 151050 $ 422093 $

15435 48610 $ NA

8779 21372 $ 24087 $

24677 31752 $ 48659 $

8114 31324 $ 32139 $

NA 66469 $ 98403 $

24944 36816 $ 44613 $

47585 167310 $ 83595 $

64944 80513 $ 80226 $

36760 106381 $ 108753 $

36867 40225 $ 69127 $

123878 158593 $ 278101 $

106828 133712 $ 144558 $

1754 $

1813 $

1952 $

2147 $

2259 $

2766 $

2838 $

3144 $

3705 $

3722 $

3838 $

4941 $

6570 $

SimcoeMuskDuff Av

SimcoeMuskDuff M

$

$

58105 82625 $ 119529 $

36814 66469 $ 81910 $

3188 $

2838 $

Socio Economic Indicators 59

Municipal Study 2018

Building Construction Activity Trend (contrsquod) (Grouped by Location) Southwest Municipality

Chatham‐Kent

Owen Sound

Sarnia

Windsor

Brantford

Tillsonburg

Haldimand

Norfolk

Central Elgin

Ingersoll

Brockton

St Marys

Brant

Meaford

Wilmot

Strathroy‐Caradoc

Cambridge

Wellington North

St Thomas

Kitchener

North Middlesex

Stratford

Woolwich

Erin

London

Minto

Guelph‐Eramosa

Middlesex Centre

Wellesley

Guelph

Mapleton

Lambton Shores

Saugeen Shores

Grey Highlands

Waterloo

North Dumfries

Centre Wellington

North Perth

Kincardine

Puslinch

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

2015 2016 2017

85229 26626 $ 39186 $

24945 15350 $ 43365 $

73574 103399 $ 107784 $

294220 317281 $ 354014 $

103685 184084 $ 202748 $

19570 35819 $ 24726 $

90517 91619 $ 56097 $

94216 109958 $ 139762 $

15447 28752 $ NA

15784 25444 $ 29010 $

17861 18023 $ 17500 $

12395 14205 $ 18506 $

85858 72248 $ 82372 $

12270 18152 $ 43521 $

35146 39777 $ 66481 $

37498 38239 $ 66530 $

169299 356417 $ 387236 $

18509 30497 $ 37736 $

125821 60878 $ 104249 $

565081 739739 $ 498219 $

11844 20377 $ 18089 $

80627 85170 $ 87198 $

56640 70121 $ 83376 $

27464 30580 $ 39400 $

708800 1410120 $ 1123805 $

23854 21292 $ 28762 $

39893 40780 $ 33167 $

48749 46806 $ 77635 $

48246 34777 $ 33855 $

500014 463247 $ 433798 $

57602 34254 $ 20755 $

30581 38932 $ 46370 $

36987 43620 $ 76696 $

40402 25731 $ 45711 $

340127 529025 $ 319979 $

24265 49783 $ 50355 $

96634 151126 $ 139196 $

43089 61682 $ 81008 $

77331 26981 $ 61522 $

31828 44020 $ 47920 $

Building Construction Value (000s)

488 $

1270 $

1293 $

1466 $

1587 $

1650 $

1721 $

1723 $

1730 $

1792 $

1806 $

2043 $

2129 $

2180 $

2199 $

2234 $

2278 $

2367 $

2411 $

2521 $

2584 $

2624 $

2674 $

2718 $

2756 $

2809 $

2899 $

3240 $

3341 $

3472 $

3557 $

3584 $

3692 $

3726 $

3740 $

3975 $

4490 $

4591 $

4756 $

5475 $

3 Year Per Capita Avg

Southwest Average

Southwest Median

$

$

107438 141305 $ 134729 $

48246 40780 $ 64002 $

2618 $

2521 $

Socio Economic Indicators 60

Municipal Study 2018

Summarymdash3 Year Average Building Construction Activity Per Capita (2015 2016 2017) mdash Total Survey by Location

GTA

SimcoeMuskDuff

NiagaraHamilton

Southwest

Eastern

North

Socio Economic Indicators 61

Municipal Study 2018

Financial Indicators

Municipal Financial Indicators 62

Municipal Study 2018

Financial Sustainability Indicators

As described by the Canadian Institute of Chartered Accountants (CICA) the intent of providing an evaluation of a municipalityrsquos financial condition is to evaluate a municipalityrsquos financial outlook and performance This will help form the foundation for the establishment of a long range financial plan

KeyKey fifinancinanciaall andand socisocioo‐‐ececonomiconomic iindicatorsndicators have been included to help evaluate each municipalityrsquos existing financial condition and to identify future challenges and opportunities Industry recognized indicators that are used by credit rating agencies andor recommended by Government Finance Officersrsquo

Association (GFOA) and the Ministry of Municipal Affairs and Housing have been included A number of indicators have been included

Sustainability

The ability to provide and maintain service and infrastructure levels without resorting to unplanned increases in rates or cuts to

services

Vulnerability

Addresses a municipalityrsquos

vulnerability to external sources of funding that it cannot control and its exposure to risks

Flexibility

The ability to issue debt responsibly without

impacting the credit rating Also the ability to generate required revenues

ldquoThe usefulness of indicators is not in the numbers themselves but the analysis of what is driving the indicator It may therefore be more useful to consider the combined results of several broad indicators in assessing performance rather than any one indicator on its ownrdquo

Source Local Government Financial Sustainability Nationally Consistent Frameworks published by

Local Government and Planning Ministersrsquo Council (Australia) May 2007

Municipal Financial Indicators 63

Municipal Study 2018

Net Financial Position Indicators

Financial position is a key indicator of a municipalityrsquos financial health Two key financial position indicators have been included to illustrate a municipalityrsquos financial position The net financial position is a broader measure of a municipalityrsquos indebtedness than debenture debt as it includes all of a municipalityrsquos financial assets and liabilities Net Financial Liabilities Ratio is total liabilities minus assets as a percentage of own source revenues This ratio indicates the extent to which financial liabilities could be met by its operating revenue A ratio greater than zero indicates that total liabilities exceed the total assets

Formula

Schedule 70 in the Financial Information Return is used in these calculations of Financial Position as well

as Own Source Revenues which is taken from Schedule 81

Net Financial Position per Capita = Net Financial Position

Population

Net Financial Liabilities Ratio = Net Financial Position

Own Source Revenues

Target

There is no optimal number or range for these indicators it varies according to a municipalityrsquos financial position

Interpretation

It is important that a municipality understands what is driving these indicators and monitors their

trends The financial position provides an indication of the

affordability of future municipal spending

Municipal Financial Indicators 64

Municipal Study 2018

Financial Indicators

The Financial Indicators section of the report includes a number of indicators to assist municipalities in evaluating financial condition Indicators related to Sustainability Vulnerability and Flexibility have been included It should be noted that Water and Wastewater indicators have also been included in the WaterWastewater section of the report

When the information is plotted over time these trends can be used to monitor changes in financial condition and alert the municipality to future problems We are committed to refining and developing

additional data to have more efficient and effective benchmarking tools for municipalities

Sustainability

Financial Position Per Capita

Net Financial Liabilities Ratio

Asset Consumption Ratio

Flexibility

Reserves

Tax Discretionary Reserves as a of Taxation

Discretionary Reserves as a of Own Source

Revenues

Reserves per Capita

Debt

Tax Debt Interest as a of Own Source Revenues

Debt Charges as a of Own Source Revenues

Total Debt Outstanding Per Capita

Debt Outstanding Per Own Source Revenues

Debt to Reserve Ratio

Tax Debt Outstanding per $100000 of Unweighted Assessment

Vulnerability

Taxes Receivable as a of Tax Levied

Rates Coverage Ratio

Municipal Financial Indicators 65

Municipal Study 2018

Financial Position Per CapitamdashTrend

A comparison was made of each municipalityrsquos overall financial position (financial assets less liabilities) over time on a per capita basis

Municipality 2013 2014 2015 2016 2017

Toronto $ (1668) $ (1962) $ (2192) $ (2379) $ (2460)

Ottawa $ (1448) $ (1634) $ (1736) $ (1998) $ (2299)

Greenstone $ (3734) $ (3669) $ (3082) $ (2610) $ (2117)

Bancroft $ (2053)

Pelham $ (133) $ (432) $ (531) $ (803) $ (1764)

Quinte West $ (383) $ (583) $ (1170) $ (1657) $ (1575)

Kingston $ (1060) $ (1341) $ (1283) $ (1365) $ (1434)

Port Colborne $ (498) $ (343) $ (741) $ (1404)

Owen Sound $ (774) $ (700) $ (1099) $ (1288) $ (1379)

Prince Edward County $ (1184) $ (1239) $ (1209) $ (1446) $ (1366)

Brockville $ (1238) $ (1234) $ (1201) $ (1271) $ (1334)

Thunder Bay $ (954) $ (1349) $ (1447) $ (1572) $ (1301)

Timmins $ (482) $ (677) $ (923) $ (990) $ (961)

North Perth $ (1171) $ (856) $ (899) $ (959)

Barrie $ (1538) $ (1396) $ (1492) $ (1329) $ (938)

Stratford $ (1621) $ (1581) $ (1267) $ (1002) $ (773)

Belleville $ 386 $ 179 $ (308) $ (456) $ (639)

Gravenhurst $ (1197) $ (1134) $ (1066) $ (829) $ (520)

Penetanguishene $ (399)

St Thomas $ 814 $ 653 $ 434 $ 128 $ (275)

Norfolk $ (132) $ (267)

Whitchurch ‐ Stouffville $ (329) $ (150) $ (63) $ (166) $ (212)

Middlesex Centre $ (847) $ (766) $ (633) $ (408) $ (152)

Guelph‐Eramosa $ (50) $ (53) $ (205) $ (74)

Oshawa $ (393) $ (340) $ (272) $ (170) $ (23)

Orangeville $ (363) $ (202) $ (60) $ (198) $ (21)

North Stormont $ 223 $ (91) $ (119) $ (62) $ 11

Meaford $ (521) $ (372) $ (304) $ (95) $ 73

St Catharines $ 178 $ (35) $ (87) $ (19) $ 88

Minto $ 196 $ 113 $ (11) $ 98

King $ (766) $ (718) $ (364) $ (201) $ 100

Cornwall $ 292 $ 154 $ 175 $ 36 $ 126

Brant County $ (485) $ (309) $ (187) $ (373) $ 142

Erin $ 79 $ 174 $ 172 $ 146

Mapleton $ 383 $ 384 $ 178

St Marys (91) $ 247 $ 269 $ 183 $

Municipal Financial Indicators 66

Municipal Study 2018

Financial Position Per CapitamdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Tillsonburg $ (21) $ 10 $ 60 $ 52 $ 230

Georgina $ 132 $ 192 $ 205 $ 246 $ 243

Brockton $ 277

Wainfleet $ 319 $ 512 $ 539 $ 424 $ 347

Welland $ 28 $ 25 $ 68 $ 220 $ 365

Tay $ 379

Grey Highlands $ 275 $ 401 $ 320 $ 398 $ 384

Huntsville $ (6) $ 133 $ 206 $ 282 $ 425

Hamilton $ 315 $ 259 $ 154 $ 263 $ 435

Collingwood $ (369) $ (146) $ (244) $ 241 $ 448

Caledon $ 517 $ 359 $ 355 $ 460 $ 462

North Bay $ 39 $ 176 $ 122 $ 323 $ 464

Puslinch $ 395 $ 448 $ 492 $ 528

Saugeen Shores $ 358 $ 360 $ 358 $ 518 $ 590

Springwater $ 434 $ 458 $ 498 $ 581 $ 649

Cambridge $ 707 $ 717 $ 722 $ 726 $ 650

Sarnia $ 152 $ 94 $ 213 $ 376 $ 652

Lambton Shores $ (889) $ (606) $ (262) $ 222 $ 655

Tiny $ 656

Brampton $ 866 $ 672 $ 731 $ 688 $ 661

London $ 294 $ 334 $ 508 $ 613 $ 670

Clarington $ 648 $ 600 $ 596 $ 655 $ 677

Windsor $ 510 $ 618 $ 653 $ 731 $ 715

Milton $ 774 $ 774 $ 856 $ 970 $ 717

Guelph $ 247 $ 405 $ 572 $ 658 $ 719

Peterborough $ 1235 $ 1157 $ 981 $ 915 $ 758

Centre Wellington $ 580 $ 571 $ 836 $ 817

Strathroy‐Caradoc $ (130) $ 28 $ 248 $ 638 $ 832

Ingersoll $ 43 $ 242 $ 431 $ 640 $ 856

North Middlesex $ 383 $ 685 $ 887

Kitchener $ 764 $ 802 $ 872 $ 918 $ 888

Wellesley $ 915 $ 854 $ 861 $ 904 $ 890

Fort Erie $ 530 $ 654 $ 759 $ 829 $ 890

Elliot Lake $ 228 $ 335 $ 510 $ 748 $ 892

East Gwillimbury $ 333 $ 421 $ 459 $ 522 $ 894

Burlington 889 $ 880 $ 920 $ 905 $ 927 $

Municipal Financial Indicators 67

Municipal Study 2018

Financial Position Per CapitamdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Newmarket 719 $ 716 $ 708 $ 881 $ 927 $

Espanola 444 $ 934 $

Mississauga 604 $ 495 $ 640 $ 691 $ 948 $

Chatham‐Kent 241 $ 440 $ 704 $ 948 $

Sault Ste Marie 675 $ 693 $ 772 $ 727 $ 983 $

Parry Sound 1347 $ 1245 $ 1228 $ 995 $

Brock 601 $ 766 $ 868 $ 953 $ 1039 $

Whitby 994 $ 994 $ 999 $ 1097 $ 1051 $

Woolwich 912 $ 915 $ 1000 $ 1169 $ 1100 $

Halton Hills 682 $ 771 $ 737 $ 992 $ 1117 $

Brantford 1132 $ 1132 $

Greater Sudbury 1126 $ 906 $ 1042 $ 1226 $ 1162 $

Grimsby 1314 $ 1276 $ 1444 $ 1174 $

Lincoln 1212 $ 1154 $ 1279 $ 1313 $ 1197 $

Thorold 832 $ 961 $ 1052 $ 1196 $ 1213 $

Markham 1327 $ 1285 $ 1247 $ 1223 $ 1262 $

Waterloo 1190 $ 1253 $ 1238 $ 1259 $ 1283 $

North Dumfries 1010 $ 1151 $ 1238 $ 1291 $

Orillia 817 $ 776 $ 1271 $ 1357 $ 1310 $

West Lincoln 1224 $ 1104 $ 1056 $ 1068 $ 1343 $

Richmond Hill 1421 $ 1350 $

Wilmot 1051 $ 1091 $ 1111 $ 1249 $ 1403 $

Pickering 940 $ 1134 $ 1205 $ 1288 $ 1454 $

Niagara‐on‐the‐Lake 1462 $ 1607 $ 1421 $ 1541 $ 1456 $

Oakville 1620 $ 1884 $ 1328 $ 1522 $ 1486 $

Wellington North 950 $ 1177 $ 1493 $ 1589 $

Bracebridge 1376 $ 1555 $ 1680 $ 1839 $ 1666 $

Vaughan 957 $ 1029 $ 1007 $ 1124 $ 1688 $

Haldimand 1461 $ 1513 $ 1688 $

Kincardine 2280 $ 2570 $ 2366 $ 2578 $

Kenora 1740 $ 1861 $ 4555 $ 4799 $ 4634 $

Innisfil 413 $ 378 $ 412 $ 4983 $ 4914 $

Average $ 166 $ 251 $ 320 $ 438 $ 435 Median $ 317 $ 378 $ 437 $ 613 $ 651

Column1 1 2 3 4 5

Municipal Financial Indicators 68

Municipal Study 2018

Financial Position Per CapitamdashTrend (contrsquod)

Municipality

Region Waterloo

Region York

Region Niagara

Region Peel

District Muskoka

Region Durham

Region Halton

$

$

$

$

$

$

$

2013

(744)

(1218)

(1)

(37)

(332)

1121

1444

$

$

$

$

$

$

$

2014

(987)

(1362)

(65)

(69)

(204)

1203

1600

$

$

$

$

$

$

$

2015

(1044)

(1215)

(155)

(101)

38

1327

1965

$

$

$

$

$

$

$

2016

(1229)

(1209)

(223)

8

303

1579

2097

$

$

$

$

$

$

$

2017

(1272)

(1052)

(180)

71

600

1799

2108

Average Median

$ $

33 (37)

$ $

17 (69)

$ $

116 (101)

$ $

189 8 $ $

296 71

Simcoe County

Bruce County

Dufferin County

Wellington County

Grey County

Elgin County

$ 304

$

$

$

$

$

$

(133)

(161)

(1)

371

395

235

$

$

$

$

$

$

(137)

(90)

65

442

378

262

$

$

$

$

$

$

(67)

(58)

83

186

326

339

Average Median

$ $

304 304

$ $

118 117

$ $

153 163

$ $

135 134

Municipal Financial Indicators 69

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend

Municipality 2013 2014 2015 2016 2017

Ottawa

Bancroft

Quinte West

Kingston

Prince Edward County

Brockville

Belleville

North Stormont

Cornwall

Peterborough Column1

Eastern Average

Eastern Median

$

$

$

$

$

$

$

$

$

$

$

(1448)

(383)

(1060)

(1184)

(1238)

386

223

292

1235

(353)

(383)

$

$

$

$

$

$

$

$

$

$

$

(1634)

(583)

(1341)

(1239)

(1234)

179

(91)

154

1157

(515)

(583)

$

$

$

$

$

$

$

$

$

$

$

(1736)

(1170)

(1283)

(1209)

(1201)

(308)

(119)

175

981

(652)

(1170)

$

$

$

$

$

$

$

$

$

$

$

(1998)

(1657)

(1365)

(1446)

(1271)

(456)

(62)

36

915

(812)

(1271)

$

$

$

$

$

$

$

$

$

$

$

$

(2299)

(2053)

(1575)

(1434)

(1366)

(1334)

(639)

11

126

758

(980)

(1350)

Municipality

Column1

2013 2014 2015 2016 2017

Toronto

Whitchurch ‐ Stouffville

Oshawa

King

Georgina

Caledon

Brampton

Clarington

Milton

East Gwillimbury

Burlington

Newmarket

Mississauga

Brock

Whitby

Halton Hills

Markham

Richmond Hill

Pickering

Oakville

Vaughan

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1668)

(329)

(393)

(766)

132

517

866

648

774

333

889

719

604

601

994

682

1327

940

1620

957

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1962)

(150)

(340)

(718)

192

359

672

600

774

421

880

716

495

766

994

771

1285

1134

1884

1029

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(2192)

(63)

(272)

(364)

205

355

731

596

856

459

920

708

640

868

999

737

1247

1205

1328

1007

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(2379)

(166)

(170)

(201)

246

460

688

655

970

522

905

881

691

953

1097

992

1223

1421

1288

1522

1124

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(2460)

(212)

(23)

100

243

462

661

677

717

894

927

927

948

1039

1051

1117

1262

1350

1454

1486

1688

GTA Average

GTA Median Column1

$

$

500

682

$

$

520

716

$

$

517

731

$

$

641

893

$

$

681

927

Municipal Financial Indicators 70

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Greenstone

Thunder Bay

Timmins

North Bay

Elliot Lake

Espanola

Sault Ste Marie

Parry Sound

Greater Sudbury

Kenora

$

$

$

$

$

$

$

$

$

(3734)

(954)

(482)

39

228

675

1126

1740

$

$

$

$

$

$

$

$

$

(3669)

(1349)

(677)

176

335

693

1347

906

1861

$

$

$

$

$

$

$

$

$

$

(3082)

(1447)

(923)

122

510

444

772

1245

1042

4555

$

$

$

$

$

$

$

$

$

(2610)

(1572)

(990)

323

748

727

1228

1226

4799

$

$

$

$

$

$

$

$

$

$

(2117)

(1301)

(961)

464

892

934

983

995

1162

4634

North Average

North Median

$

$

(151)

39

$

$

(42)

335

$

$

324

477

$

$

431

727

$

$

568

913

Municipality

Column1

2013 2014 2015 2016 2017

Barrie

Gravenhurst

Penetanguishene

Orangeville

Tay

Huntsville

Collingwood

Springwater

Tiny

Orillia

Bracebridge

Innisfil

$

$

$

$

$

$

$

$

$

(1538)

(1197)

(363)

(6)

(369)

434

817

1376

413

$

$

$

$

$

$

$

$

$

(1396)

(1134)

(202)

133

(146)

458

776

1555

378

$

$

$

$

$

$

$

$

$

(1492)

(1066)

(60)

206

(244)

498

1271

1680

412

$

$

$

$

$

$

$

$

$

(1329)

(829)

(198)

282

241

581

1357

1839

4983

$

$

$

$

$

$

$

$

$

$

$

$

(938)

(520)

(399)

(21)

379

425

448

649

656

1310

1666

4914

SimcoeMuskDuff Average

SimcoeMuskDuff Median Column1

$

$

(48)

(6)

$

$

47

133

$

$

134

206

$

$

770

282

$

$

714

437

Municipal Financial Indicators 71

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Owen Sound

North Perth

Stratford

St Thomas

Norfolk

Middlesex Centre

Guelph‐Eramosa

Meaford

Minto

Brant County

Erin

Mapleton

St Marys

Tillsonburg

Brockton

Grey Highlands

Puslinch

Saugeen Shores

Cambridge

Sarnia

Lambton Shores

London

Windsor

Guelph

Centre Wellington

Strathroy‐Caradoc

Ingersoll

North Middlesex

Kitchener

Wellesley

Chatham‐Kent

Woolwich

Brantford

Waterloo

North Dumfries

Wilmot

Wellington North

Haldimand

Kincardine

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(774)

(1171)

(1621)

814

(847)

(521)

(485)

(21)

275

358

707

152

(889)

294

510

247

(130)

43

764

915

912

1190

1051

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(700)

(1581)

653

(766)

(50)

(372)

196

(309)

79

383

(91)

10

401

395

360

717

94

(606)

334

618

405

580

28

242

802

854

241

915

1253

1010

1091

950

2280

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1099)

(856)

(1267)

434

(633)

(53)

(304)

113

(187)

174

384

247

60

320

448

358

722

213

(262)

508

653

572

571

248

431

383

872

861

440

1000

1238

1151

1111

1177

1461

2570

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1288)

(899)

(1002)

128

(132)

(408)

(205)

(95)

(11)

(373)

172

269

52

398

492

518

726

376

222

613

731

658

836

638

640

685

918

904

704

1169

1132

1259

1238

1249

1493

1513

2366

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1379)

(959)

(773)

(275)

(267)

(152)

(74)

73

98

142

146

178

183

230

277

384

528

590

650

652

655

670

715

719

817

832

856

887

888

890

948

1100

1132

1283

1291

1403

1589

1688

2578

Southwest Average

Southwest Median Column1

$

$

49

200 1

$

$

315

360 2

$

$

391

408 3

$

$

478

613 4

$

$

543

652 5

Municipal Financial Indicators 72

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Pelham

Port Colborne

St Catharines

Wainfleet

Welland

Hamilton

Fort Erie

Grimsby

Lincoln

Thorold

West Lincoln

Niagara‐on‐the‐Lake

$

$

$

$

$

$

$

$

$

$

(133)

178

319

28

315

530

1212

832

1224

1462

$

$

$

$

$

$

$

$

$

$

$

$

(432)

(498)

(35)

512

25

259

654

1314

1154

961

1104

1607

$

$

$

$

$

$

$

$

$

$

$

$

(531)

(343)

(87)

539

68

154

759

1276

1279

1052

1056

1421

$

$

$

$

$

$

$

$

$

$

$

$

(803)

(741)

(19)

424

220

263

829

1444

1313

1196

1068

1541

$

$

$

$

$

$

$

$

$

$

$

$

(1764)

(1404)

88

347

365

435

890

1174

1197

1213

1343

1456

NiagaraHamilton Average

NiagaraHamilton Median Column1

$

$

629

530

$

$

552

583

$

$

604

759

$

$

619

829

$

$

445

663

Municipality 2013 2014 2015 2016 2017

Region Waterloo

Region York

Region Niagara

Region Peel

District Muskoka

Region Durham

Region Halton

$

$

$

$

$

$

$

(744)

(1218)

(1)

(37)

(332)

1121

1444

$

$

$

$

$

$

$

(987)

(1362)

(65)

(69)

(204)

1203

1600

$

$

$

$

$

$

$

(1044)

(1215)

(155)

(101)

38

1327

1965

$

$

$

$

$

$

$

(1229)

(1209)

(223)

8

303

1579

2097

$

$

$

$

$

$

$

(1272)

(1052)

(180)

71

600

1799

2108

Average

Median

$

$

33

(37)

$

$

17

(69)

$

$

116

(101)

$

$

189

8

$

$

296

71

Simcoe County

Bruce County

Dufferin County

Wellington County

Grey County

Elgin County

$ 304

$

$

$

$

$

$

(133)

(161)

(1)

371

395

235

$

$

$

$

$

$

(137)

(90)

65

442

378

262

$

$

$

$

$

$

(67)

(58)

83

186

326

339

Average

Median

$

$

$

$

304

304

$

$

118

117

$

$

153

163

$

$

135

134

Municipal Financial Indicators 73

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend

Municipality 2013 2014 2015 2016 2017

Innisfil (026) (024) (023) (308) (315)

North Dumfries (159) (169) (171) (181)

Wilmot (144) (152) (152) (157) (177)

Kenora (075) (076) (184) (181) (176)

Pickering (121) (141) (140) (145) (166)

Wellesley (192) (161) (157) (152) (157)

Bracebridge (149) (162) (162) (169) (152)

Woolwich (146) (142) (154) (141) (151)

Wellington North (083) (103) (124) (137)

Vaughan (090) (099) (094) (086) (136)

Lincoln (149) (136) (151) (144) (135)

Grimsby (149) (142) (149) (132)

Markham (142) (135) (129) (116) (125)

Kincardine (108) (118) (108) (117)

Brock (073) (088) (099) (108) (116)

Halton Hills (083) (087) (080) (100) (115)

Richmond Hill (120) (114)

West Lincoln (185) (169) (146) (140) (112)

Oakville (137) (156) (110) (116) (112)

Whitby (118) (119) (117) (112) (098)

Mississauga (071) (056) (071) (066) (093)

Waterloo (087) (089) (088) (087) (092)

Thorold (063) (076) (082) (087) (091)

Niagara‐on‐the‐Lake (104) (109) (092) (097) (090)

Milton (094) (091) (099) (114) (085)

Clarington (089) (080) (077) (079) (085)

Burlington (083) (082) (084) (079) (080)

Centre Wellington (057) (057) (071) (079)

Puslinch (061) (070) (068) (076)

Newmarket (063) (063) (060) (068) (074)

Haldimand (053) (067) (074)

Ingersoll (004) (020) (035) (051) (071)

Brampton (122) (077) (080) (067) (068)

Springwater (050) (052) (054) (058) (065)

Strathroy‐Caradoc 012 (002) (021) (049) (062)

Fort Erie (039) (048) (053) (053) (059)

Municipal Financial Indicators 74

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Kitchener (052) (054) (060) (061) (058)

Tiny (057)

Elliot Lake (014) (022) (031) (045) (055)

Orillia (038) (035) (054) (055) (054)

Cambridge (062) (063) (063) (058) (053)

North Middlesex (028) (043) (050)

East Gwillimbury (031) (037) (040) (026) (049)

Brantford (047) (049)

Greater Sudbury (049) (039) (045) (050) (047)

Huntsville 001 (015) (024) (032) (045)

Sault Ste Marie (030) (030) (033) (031) (041)

Caledon (049) (033) (031) (038) (040)

Chatham‐Kent (011) (021) (032) (040)

Sarnia (011) (006) (014) (022) (039)

Espanola (036)

Parry Sound (045) (045) (041) (034)

Lambton Shores 052 031 012 (011) (034)

Saugeen Shores (022) (022) (021) (028) (033)

Wainfleet (035) (055) (057) (045) (031)

Peterborough (053) (050) (042) (036) (031)

London (014) (016) (023) (027) (030)

Grey Highlands (024) (035) (027) (031) (030)

Windsor (023) (027) (027) (030) (030)

Guelph (010) (016) (022) (025) (028)

Tay (028)

Welland (002) (002) (005) (015) (025)

Georgina (014) (018) (018) (021) (021)

Mapleton (060) (052) (021)

Collingwood 016 006 010 (010) (020)

Brockton (020)

Tillsonburg 002 (001) (005) (004) (019)

North Bay (002) (008) (005) (013) (019)

Hamilton (014) (012) (007) (011) (018)

Erin (010) (020) (020) (018)

Minto (016) (009) 001 (008)

St Catharines (017) 003 008 002 (007)

Municipal Financial Indicators 75

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

St Marys 003 (009) (010) (007)

Brant County 030 012 011 020 (006)

King 042 037 018 012 (006)

Cornwall (014) (007) (008) (001) (005)

Meaford 033 023 018 005 (004)

North Stormont (021) 010 013 009 (002)

Orangeville 024 013 004 011 001

Oshawa 042 035 026 015 002

Guelph‐Eramosa 007 007 025 009

Middlesex Centre 073 063 042 025 010

St Thomas (045) (035) (023) (006) 013

Norfolk 007 015

Whitchurch ‐ Stouffville 036 015 007 015 019

Penetanguishene 023

Belleville (018) (008) 013 019 026

Stratford 064 063 048 036 028

Thunder Bay 024 033 033 037 030

Timmins 021 029 038 038 036

Gravenhurst 109 099 085 061 038

Barrie 078 070 072 059 042

Kingston 039 048 046 045 047

Greenstone 096 090 073 059 048

North Perth 088 054 049 049

Brockville 058 058 052 052 055

Owen Sound 041 037 056 062 066

Prince Edward County 074 072 065 073 069

Toronto 056 065 068 070 076

Ottawa 056 062 066 071 084

Port Colborne 046 023 057 090

Quinte West 029 041 077 101 093

Bancroft 112

Pelham 015 047 057 074 163

Average (029) (031) (035) (040) (040)

Median (022) (022) (027) (032) (034)

Municipal Financial Indicators 76

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend (contrsquod)

Municipality

Region Halton

Region Durham

District Muskoka

Region Peel

Region Niagara

Region York

Region Waterloo

2013

(125)

(085)

017

004

000

102

062

2014

(137)

(088)

010

007

005

111

080

2015

(164)

(096)

(002)

010

012

093

083

2016

(167)

(106)

(015)

(001)

017

086

091

2017

(175)

(122)

(030)

(007)

014

075

097

Average

Median

(004)

004

(002)

007

(009)

010

(013)

(001)

(021)

(007)

Grey County

Elgin County

Wellington County

Dufferin County

Bruce County

Simcoe County

(027)

(051)

(028)

(032)

000

019

021

(051)

(031)

(036)

(009)

011

022

(043)

(039)

(038)

(010)

007

010

Average

Median

(027)

(027)

(012)

(014)

(016)

(020)

(019)

(024)

Municipal Financial Indicators 77

Municipal Study 2018

Total Asset Consumption Ratio

This indicator provides an estimate of the useful life left in the municipalityrsquos capital assets

Municipalities are facing significant infrastructure challenges Therefore it is important to keep informed of the age and condition of its capital assets to ensure they are making timely and appropriate investments This is calculated using Schedule 51 of the Financial Information Return

Formula

Total Accumulated Amortization

Total Gross Costs of Capital Assets

Interpretations

This ratio shows the value of the tangible capital assets that have been consumed This ratio seeks to highlight the aged condition of the assets and the potential asset replacement needs A higher ratio may

indicate significant replacement needs However if assets are renewed and replaced in accordance with an asset management plan a high ratio should not be a cause for concern The Ministry of Municipal Affairs and Housing considers a ratio of 25 or under to be relatively new 26‐50 to be moderately new 51‐75 to be moderately old and over 75 to be old

Summarymdash2017 Asset Consumption RatiomdashTotal Survey

0‐25

26‐50

51‐75

greater than 75

Total Asset Consumption Tax Asset Consumption

Municipal Financial Indicators 78

Municipal Study 2018

Total Asset Consumption Ratio Trend

Municipalities 2013 2014 2015 2016 2017

Vaughan 109 112 115 120 120

Markham 183 188 194 199 198

Mississauga 174 182 191 196 204

Grimsby 244 252 262 272 271

Penetanguishene 274

Whitchurch ‐ Stouffville 244 254 266 269 275

Milton 286 285 269 283 290

Ottawa 269 268 276 284 292

Barrie 246 261 270 281 294

Woolwich 256 265 275 290 298

Niagara‐on‐the‐Lake 268 273 280 291 302

Brampton 274 278 279 290 302

Lambton Shores 272 283 298 294 310

Kitchener 338 339 307 304 314

St Marys 289 300 314 317 319

Oakville 310 319 315 320 319

Georgina 254 271 286 303 319

Middlesex Centre 284 303 312 321 326

Tay 331

North Middlesex 304 322 337

Innisfil 293 298 296 334 339

North Perth 324 327 340

Springwater 295 310 324 338 352

Owen Sound 376 382 359 350 355

Burlington 326 335 341 349 358

London 339 346 353 359 362

North Stormont 326 325 335 351 369

Guelph‐Eramosa 338 344 361 376 371

King 447 422 394 393 377

Newmarket 357 362 375 373 377

East Gwillimbury 384 392 402 375 379

Hamilton 362 371 368 370 379

Port Colborne 354 373 384 393 380

Kingston 358 359 369 367 380

West Lincoln 360 369 376 370 380

Whitby 341 354 368 378 384

Municipal Financial Indicators 79

Municipal Study 2018

Total Asset Consumption Ratio (contrsquod)

Municipalities 2013 2014 2015 2016 2017

Ingersoll 362 362 369 371 386

Parry Sound 344 362 376 381 386

Brockville 370 382 395 397 388

Waterloo 351 359 369 381 389

Stratford 357 368 378 390 389

Orillia 357 367 382 383 390

Centre Wellington 390 372 376 387 391

Toronto 425 425 416 409 393

Espanola 377 393

Brant County 394 397 395 386 395

Collingwood 353 368 382 381 396

Thorold 367 365 373 392 397

Welland 346 359 375 385 397

Clarington 374 379 380 388 400

Wilmot 390 410 358 383 401

Cambridge 404 401 397 391 404

Oshawa 383 386 391 399 406

Peterborough 386 387 395 404 408

Norfolk 399 410

St Catharines 403 390 388 400 410

Belleville 407 417 426 420 411

Saugeen Shores 354 374 387 401 413

Sault Ste Marie 380 383 394 401 416

Fort Erie 366 383 394 406 419

Richmond Hill 390 415 422

Sarnia 376 392 407 419 423

Lincoln 431 401 413 416 428

Cornwall 452 454 420 423 428

Strathroy‐Caradoc 403 403 403 423 428

Windsor 389 392 410 423 430

Orangeville 397 388 402 427 437

Pelham 398 408 413 427 437

Tillsonburg 393 413 422 439 441

North Bay 413 413 415 428 445

Timmins 475 486 490 422 445

St Thomas 453 459 467 466 446

Municipal Financial Indicators 80

Municipal Study 2018

Total Asset Consumption Ratio (contrsquod)

Municipalities 2013 2014 2015 2016 2017

Prince Edward County 408 424 435 436 449

Guelph 409 421 435 440 450

Wainfleet 459 477 472 478 451

Halton Hills 430 434 424 436 453

Minto 441 447 447 457 463

Kenora 368 441 389 399 468

Erin 412 429 443 455 469

Haldimand 470 473 475

Bracebridge 436 451 452 466 477

Chatham‐Kent 439 450 460 474 479

Brantford 475 482

Brockton 483

Bancroft 490

Pickering 507 520 503 506 502

Greater Sudbury 491 493 486 497 503

Kincardine 426 439 445 446 505

Huntsville 412 440 468 484 507

Meaford 495 510 513 515 512

Caledon 526 558 549 532 512

Brock 445 465 482 498 516

Wellington North 495 510 526 534 542

Grey Highlands 482 505 515 533 547

Greenstone 490 503 526 541 551

Tiny 551

Thunder Bay 544 551 550 552 566

Gravenhurst 341 359 381 405 571

North Dumfries 197 220 338 348 621

Mapleton 619 628 646 639

Quinte West 658 667 662 668 654

Puslinch 632 642 651 657

Wellesley 621 646 671 692 716

Elliot Lake 784 788 787 793 796

Average 380 388 396 402 418

Median 376 383 387 393 405

Municipal Financial Indicators 81

Municipal Study 2018

Total Asset Consumption Ratio (contrsquod)

Municipalities

Region York

Region Halton

Region Peel

Region Durham

Region Waterloo

Region Niagara

District Muskoka

2013

320

257

251

316

413

424

413

2014

322

264

255

320

421

427

433

2015

291

258

260

330

415

432

440

2016

279

264

270

328

424

416

460

2017

266

271

282

336

347

425

478

Average

Median

342

320

349

322

347

330

349

328

344

336

Simcoe County

Wellington County

Dufferin County

Bruce County

Elgin County

Grey County

391

322

406

419

417

446

580

330

419

422

423

457

593

344

426

431

436

465

596

Average

Median

391

391

432

418

441

422

450

434

Municipal Financial Indicators 82

Municipal Study 2018

Tax Asset Consumption Ratio

Municipalities 2017

Vaughan 107

Markham 167

Mississauga 204

Grimsby 253

Barrie 281

Milton 290

Ottawa 300

Brampton 302

Whitchurch ‐ Stouffville 304

Woolwich 317

Oakville 319

North Perth 328

Kitchener 329

Penetanguishene 334

Innisfil 339

Niagara‐on‐the‐Lake 340

East Gwillimbury 341

St Marys 344

Collingwood 345

London 350

Burlington 358

Georgina 359

Owen Sound 367

Tay 368

Springwater 372

Orillia 374

Newmarket 377

North Middlesex 380

Port Colborne 382

Middlesex Centre 384

Whitby 384

Ingersoll 386

Stratford 386

Lambton Shores 392

Toronto 394

St Thomas 394

Municipalities 2017

Hamilton 399

Guelph‐Eramosa 399

Peterborough 400

Clarington 400

Kingston 405

Waterloo 406

Oshawa 406

North Stormont 412

Sault Ste Marie 414

Sarnia 417

Welland 418

Norfolk 419

Brant County 425

Espanola 426

Parry Sound 428

West Lincoln 429

Cambridge 433

Windsor 433

Wilmot 434

Pelham 437

Centre Wellington 440

Richmond Hill 440

St Catharines 443

King 443

Tillsonburg 444

Guelph 448

Wainfleet 451

Halton Hills 453

Thorold 457

Brockville 457

Belleville 457

Cornwall 462

Fort Erie 468

Bracebridge 477

Lincoln 479

Orangeville 482

Municipal Financial Indicators 83

Municipal Study 2018

Tax Asset Consumption Ratio

Municipalities 2017

North Bay

Chatham‐Kent

Saugeen Shores

Kenora

Meaford

Erin

Pickering

Prince Edward County

Huntsville

Caledon

Haldimand

Brock

Brockton

Kincardine

Brantford

Minto

Timmins

Grey Highlands

Greater Sudbury

Strathroy‐Caradoc

Tiny

Thunder Bay

Greenstone

Gravenhurst

Bancroft

North Dumfries

Wellington North

Puslinch

Mapleton

Quinte West

Wellesley

Elliot Lake

486

486

489

497

498

501

502

504

507

512

513

516

519

524

527

539

548

550

554

568

569

569

571

571

615

621

623

657

672

701

716

784

Average

Median

438

431

Municipalities 2017

Region Waterloo

Region Halton

Region York

Region Peel

Region Durham

Region Niagara

District Muskoka

298

301

334

358

380

387

520

Average

Median

368

358

Simcoe County

Wellington County

Dufferin County

Bruce County

Elgin County

Grey County

344

426

431

436

465

596

Average

Median

450

434

Municipal Financial Indicators 84

Municipal Study 2018

Reserves

Reserves are a critical component of a municipalityrsquos long‐term financing plan The purpose for maintaining reserves is to

Provide stability of tax rates in the face of variable and uncontrollable factors (consumption interest

rates unemployment rates changes in subsidies)

Provide financing for one‐time or short‐term requirements without permanently impacting the tax and

utility rates

Make provisions for replacementsacquisitions of assetsinfrastructure that are currently being

consumed and depreciated

Avoid spikes in funding requirements of the capital budget by reducing their reliance on long‐term debt borrowings

Provide a source of internal financing

Ensure adequate cash flows

Provide flexibility to manage debt levels and protect the municipalityrsquos financial position

Provide for future liabilities incurred in the current year but paid for in the future

Three financial indicators have been included for tax reserves In each case the water and wastewater reserves and reserve funds have been excluded as well as obligatory reserve funds

Reserve Financial Indicator One Tax Discretionary Reserves as a of Taxation

This provides the total tax discretionary reserves and reserve funds using Schedule 60 of the Financial Information Returns (columns 2 and 3) in relation to total taxation (Schedule 10 of the Financial Information Return)

Formula

Tax Discretionary Reserves

Taxation

Municipal Financial Indicators 85

Municipal Study 2018

Reserve Financial Indicator Two Tax Discretionary Reserves per Capita

This provides the total tax discretionary reserves in relation to the population

Formula

Tax Discretionary Reserves

Population

Reserve Financial Indicator Three Tax Discretionary Reserves as a of Own Source Revenues

This indicator shows the total value of funds held in reserves and reserve funds compared to a single yearrsquos own source revenue and is a strong indicator of financial stability This provides the total tax discretionary reserves and reserve funds using Schedule 60 of the Financial Information Returns (columns 2 and 3) in relation to own source revenues (Schedule 81 of the Financial Information Return less water and wastewater own source revenues which are on Schedule 12)

Formula

Tax Discretionary Reserves

Own Source Revenues

Interpretations

Reserves offer liquidity which enhances the municipalityrsquos flexibility in addressing operating

requirements and in permitting the municipality to temporarily fund capital projects internally allowing

it time to access debt markets and take advantage of favourable conditions The level of reserves required will vary for a number of reasons including

Services provided by the municipality

Age and condition of infrastructure inventory of fleet and vehicles supporting municipal operations

Level of expenditures

Internal debt and reserve policies

Targets ranges established on a reserve by reserve basis

Economic conditions and projections

Municipal Financial Indicators 86

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend

Municipality 2013 2014 2015 2016 2017

Orillia ‐21 ‐12 ‐5 ‐17 ‐33

Pelham 15 9 18 25 ‐7

Newmarket 32 15 ‐3 2 3

Brockville 12 14 13 15 17

St Thomas 27 20 18 25 21

Strathroy‐Caradoc 4 3 5 21 24

Tillsonburg 31 33 26 23 28

Markham 156 111 99 80 29

Ottawa 23 24 22 23 29

Barrie 31 30 31 31 30

Guelph 41 36 33 36 30

Sault Ste Marie 28 28 30 28 32

Prince Edward County 39 38 42 39 33

Brantford 42 36

Timmins 31 33 32 34 36

Greenstone 27 28 35 38 37

Belleville 23 24 28 33 38

Orangeville 20 20 25 33 38

Tiny 39

Quinte West 38 34 32 35 39

North Bay 29 29 29 38 42

Bancroft 42

Sarnia 25 26 27 32 43

Greater Sudbury 54 54 57 52 44

Wilmot 51 56 56 42 45

St Catharines 56 53 41 43 45

Kitchener 34 36 45 45 46

Huntsville 51 60 39 40 47

Toronto 53 48 45 45 47

Whitchurch ‐ Stouffville 89 88 87 67 49

Woolwich 57 47 46 53 49

Windsor 52 53 56 56 50

Niagara‐on‐the‐Lake 61 60 51 63 52

Waterloo 77 88 76 55 54

Stratford 50 49 52 53 55

Caledon 79 74 54 57 55

Municipal Financial Indicators 87

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Erin 48 49 57 56

Guelph‐Eramosa 44 48 51 56

Grey Highlands 63 48 52 58 57

Meaford 37 45 46 48 59

Hamilton 62 61 58 56 59

Thunder Bay 67 59 55 52 59

Oshawa 38 34 46 52 59

Espanola 60

Grimsby 91 82 65 61

Collingwood 65 59 59 53 61

Penetanguishene 62

Lincoln 101 78 75 70 62

Cornwall 64 66 66 62 63

Peterborough 65 63 61 64 63

Cambridge 54 56 64 64 63

Minto 58 60 57 68

North Stormont 57 50 48 64 70

Ingersoll 33 30 42 55 70

Innisfil 82 76 70 63 71

Georgina 54 60 62 65 71

Centre Wellington 94 92 114 71

Wainfleet 66 87 90 80 75

Fort Erie 56 61 69 73 77

St Marys 78 87 82 78

Bracebridge 77 74 52 59 80

Mississauga 79 79 80 85 81

Norfolk 86 81

Vaughan 85 79 70 102 83

Brampton 68 71 73 76 83

Burlington 79 78 80 84 84

Welland 81 76 70 80 84

Kincardine 137 112 93 85

Kingston 76 73 80 80 86

King 59 63 82 83 86

Gravenhurst 91 83 73 76 86

London 61 76 78 81 88

Municipal Financial Indicators 88

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Owen Sound

Tay

Brant County

Lambton Shores

Middlesex Centre

Port Colborne

Chatham‐Kent

North Perth

Parry Sound

Halton Hills

Brockton

Kenora

Wellington North

Wellesley

Springwater

Puslinch

Oakville

Elliot Lake

Pickering

Whitby

North Dumfries

Clarington

Milton

Saugeen Shores

Mapleton

North Middlesex

Brock

Richmond Hill

Thorold

West Lincoln

East Gwillimbury

102

30

32

79

62

110

115

154

104

65

53

112

0

139

119

159

118

182

155

69

103

100

45

76

41

86

138

64

111

137

100

156

82

132

71

80

109

54

138

112

144

55

127

193

157

74

98

94

64

83

89

98

90

123

71

117

132

101

104

94

113

70

75

110

50

129

160

132

94

125

135

207

133

72

91

92

77

93

94

94

91

111

87

106

103

105

101

93

112

100

74

111

63

120

171

129

141

150

189

192

124

156

90

90

92

93

93

94

95

95

95

96

96

98

98

101

101

102

104

105

110

111

111

119

124

126

131

154

155

173

196

204

208

Average

Median

65

61

68

61

70

69

74

65

73

68

Municipal Financial Indicators 89

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Region Waterloo

Region Niagara

District Muskoka

Region Peel

Region Durham

Region Halton

Region York

40

42

67

119

113

155

178

48

43

67

120

122

172

191

42

47

72

119

137

208

212

44

45

79

126

150

219

223

41

46

91

127

165

214

223

Average

Median

102

113

109

120

120

119

126

126

130

127

Elgin County

Bruce County

Dufferin County

Wellington County

Grey County

Simcoe County

80

21

55

50

83

90

63

32

57

59

75

87

69

48

58

66

79

85

87

Average

Median

80

80

60

59

63

64

71

73

Municipal Financial Indicators 90

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend

Municipality 2013 2014 2015 2016 2017

Orillia ‐17 ‐10 ‐4 ‐13 ‐27

Pelham 13 7 16 20 ‐6

Newmarket 23 11 ‐2 2 2

Brockville 10 11 11 11 13

St Thomas 21 16 15 20 17

Markham 90 65 59 49 18

Strathroy‐Caradoc 3 3 4 16 18

Kitchener 14 15 19 20 19

Tillsonburg 23 23 18 17 20

Ottawa 16 17 16 16 21

Guelph 31 27 25 28 23

Toronto 28 25 22 22 23

Barrie 25 24 25 25 24

Sault Ste Marie 20 21 22 21 24

Thunder Bay 27 24 22 23 24

Timmins 23 25 25 26 26

Brantford 30 26

Prince Edward County 31 30 34 31 27

Greenstone 19 21 27 29 28

Wilmot 31 36 37 28 28

Niagara‐on‐the‐Lake 38 37 32 38 29

Orangeville 16 16 20 28 30

Whitchurch ‐ Stouffville 61 56 59 47 31

Belleville 19 20 24 28 31

Woolwich 40 33 32 31 32

St Catharines 42 39 29 31 32

Huntsville 38 40 27 29 32

North Bay 22 22 23 30 33

Greater Sudbury 39 39 41 38 33

Tiny 33

Windsor 38 38 38 36 33

Sarnia 20 20 21 26 34

Quinte West 34 30 29 32 35

Waterloo 49 56 50 35 35

Bancroft 36

Stratford 35 34 36 37 37

Municipal Financial Indicators 91

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Caledon 54 53 39 40 40

Minto 36 39 37 43

Erin 36 32 45 43

Oshawa 29 26 33 37 43

Centre Wellington 53 56 60 44

Hamilton 46 46 44 42 44

Cornwall 44 46 47 44 44

Guelph‐Eramosa 33 38 40 45

Peterborough 43 44 43 45 45

Innisfil 55 53 51 41 46

Grey Highlands 45 37 42 46 47

Espanola 34 47

North Stormont 0 0 0 43 47

Cambridge 39 42 50 49 48

Meaford 31 38 38 40 48

Lincoln 74 58 60 55 48

Penetanguishene 49

Collingwood 52 45 46 43 50

Grimsby 0 74 65 51 50

Mississauga 48 50 51 52 50

St Marys 57 64 60 51

Wainfleet 52 69 73 67 53

Vaughan 59 57 50 70 55

Welland 51 53 48 57 56

Brant County 25 51 78 77 57

Kincardine 47 70 69 58

Kingston 52 49 55 56 58

Burlington 53 53 56 59 58

North Perth 58 58 56 58

Ingersoll 28 24 35 46 59

Georgina 44 45 48 52 59

Brampton 57 50 51 53 59

Bracebridge 61 58 40 45 61

Whitby 72 72 72 70 63

Fort Erie 47 51 59 62 65

Norfolk 70 66

Municipal Financial Indicators 92

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Brockton 66

King 34 36 50 59 66

London 46 57 59 60 67

Wellesley 82 66 65 68 68

Middlesex Centre 59 58 51 59 68

Milton 61 59 85 94 68

North Dumfries 34 33 39 69

Chatham‐Kent 66 76 73 69

Gravenhurst 73 65 58 62 69

Lambton Shores 24 31 39 54 70

Parry Sound 83 88 80 71

Oakville 71 91 80 79 72

Halton Hills 45 46 52 65 72

Puslinch 59 72 66 72

Owen Sound 77 83 78 73 72

Wellington North 104 103 78 74

Port Colborne 0 32 50 73 74

Kenora 81 82 87 79 76

Tay 77

Springwater 123 124 82 78 80

Saugeen Shores 98 92 87 84 83

Elliot Lake 43 53 49 79 86

Pickering 41 61 56 57 86

West Lincoln 113 120 95 94 90

Clarington 102 103 96 91 91

East Gwillimbury 46 51 51 63 101

Mapleton 44 73 106

Richmond Hill 122 112

North Middlesex 102 112 116

Brock 95 101 110 120 119

Haldimand 90 139 138

Thorold 149 160 163 158 160

Average 45 47 49 52 52

Median 43 45 48 49 48

Municipal Financial Indicators 93

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Region Niagara

Region Waterloo

District Muskoka

Region Peel

Region Durham

Region York

Region Halton

30

32

57

97

99

139

118

30

39

57

98

105

147

132

33

34

61

99

117

157

159

32

36

67

105

128

175

171

32

34

77

106

135

167

170

Average

Median

82

97

87

98

94

99

102

105

103

106

Elgin County

Bruce County

Dufferin County

Wellington County

Grey County

Simcoe County

65

15

42

38

67

65

50

25

45

45

61

66

55

37

46

49

64

65

67

Average

Median

65

65

46

46

49

50

55

57

Municipal Financial Indicators 94

Municipal Study 2018

2017 Total and Tax Reserve Per Capita

Total Tax Reserves Reserves

Municipality Per Capita Per Capita

Orillia (97) $ (538) $

Pelham 108$ (50) $

Newmarket 593$ 18 $

Markham 325$ 122 $

Wilmot 378$ 158 $

Strathroy‐Caradoc 924 $ 180 $

Woolwich 467$ 188 $

Kitchener 244 $ 222 $

Tillsonburg 237 $ 237 $

St Thomas 650$ 254 $

North Stormont 412$ 264 $

Brockville 490 $ 271 $

Whitchurch ‐ Stouffville 377 $ 280 $

Guelph‐Eramosa 485$ 284 $

Erin 493$ 302 $

Huntsville 305 $ 305 $

Niagara‐on‐the‐Lake 647 $ 318 $

Centre Wellington 893 $ 322 $

St Catharines 417$ 337 $

Grimsby 642$ 339 $

Waterloo 351$ 351 $

Lincoln 874$ 358 $

Minto 980$ 370 $

Cambridge 545$ 377 $

Wellesley 384 $ 384 $

Tiny 747$ 384 $

Orangeville 723 $ 421 $

Sarnia 623$ 427 $

Barrie 767$ 438 $

Prince Edward County 539 $ 454 $

Caledon 456$ 456 $

Oshawa 465$ 465 $

Vaughan 820 $ 478 $

Sault Ste Marie 481 $ 481 $

Quinte West 721$ 485 $

North Dumfries 490$ 490 $

Total Tax Reserves Reserves

Municipality Per Capita Per Capita

Guelph 1388 $ 490 $

Ottawa 560$ 495 $

Brantford 1002 $ 502 $

Puslinch 504 $ 504 $

Bancroft 506$ 506 $

Mississauga 510 $ 510 $

Grey Highlands 922$ 518 $

Timmins 564 $ 564 $

Milton 575 $ 575 $

Welland 602 $ 576 $

Wellington North 1308 $ 577 $

Brampton 579$ 579 $

Wainfleet 590$ 590 $

Georgina 784$ 612 $

Fort Erie 754$ 619 $

Belleville 1176 $ 641 $

Springwater 1061 $ 650 $

Penetanguishene 662 $

North Bay 883$ 663 $

Bracebridge 665$ 665 $

Whitby 672$ 672 $

Burlington 675 $ 675 $

Greater Sudbury 865 $ 676 $

Toronto 1010 $ 678 $

Halton Hills 695 $ 695 $

Ingersoll 712$ 712 $

Innisfil 715$ 715 $

Tay 1096 $ 715 $

Windsor 760$ 716 $

Clarington 726$ 726 $

Meaford 975$ 729 $

Pickering 756$ 756 $

Brockton 992 $ 795 $

Middlesex Centre 961$ 796 $

Collingwood 1842 $ 801 $

Mapleton 1014 $ 802 $

Municipal Financial Indicators 95

Municipal Study 2018

2017 Total and Tax Reserve Per Capita (contrsquod)

Municipality

Total Reserves Per Capita

Tax Reserves Per Capita

Port Colborne

Cornwall

North Perth

Hamilton

West Lincoln

Richmond Hill

Stratford

Peterborough

Thunder Bay

King

Oakville

Gravenhurst

Espanola

Lambton Shores

Norfolk

Brock

Elliot Lake

Kincardine

Greenstone

Saugeen Shores

Owen Sound

St Marys

Brant County

London

Chatham‐Kent

East Gwillimbury

Parry Sound

Kingston

Thorold

North Middlesex

Kenora

Haldimand

939 $

1042 $

1005 $

1312 $

1000 $

1126 $

940 $

1379 $

989 $

966 $

950 $

956 $

1316 $

1811 $

1330 $

1069 $

1418 $

2740 $

1125 $

1347 $

1312 $

1426 $

1535 $

1674 $

1429 $

1843 $

2577 $

2113 $

2056 $

1713 $

1929 $

3127 $

817 $

881 $

886 $

887 $

913 $

921 $

923 $

933 $

938 $

949 $

950 $

956 $

973 $

994 $

995 $

1069 $

1093 $

1100 $

1125 $

1138 $

1141 $

1151 $

1178 $

1262 $

1347 $

1482 $

1494 $

1522 $

1555 $

1569 $

1576 $

2613 $

Average Median

931 $ 820 $

684$ 645 $

Municipality

Total Reserves Per Capita

Tax Reserves Per Capita

Region Niagara

Region Waterloo

Region Peel

District Muskoka

Region Halton

Region Durham

Region York

604 $

525 $

1254 $

1823 $

1837 $

1934 $

2159 $

337 $

371 $

865 $

1351 $

1480 $

1528 $

1955 $

Average Median

1448 $ 1823 $

1127 $ 1351 $

Wellington County

Elgin County

Bruce County

Dufferin County

Simcoe County

Grey County

311 $

326 $

361 $

391 $

429 $

496 $

311 $

326 $

361 $

391 $

429 $

496 $

Average Median

386 $ 376 $

386 $ 376 $

Municipal Financial Indi‐ 96

Municipal Study 2018

Debt

The Ministry of Municipal Affairs and Housing regulates the level of debt that may be incurred by municipalities such that no more than 25 of the total Own Source Revenue can be used to service debt

and other long‐term obligations without receiving OMB approval In addition to confirming that the debt is within the legislated limits Government Finance Officersrsquo Association (GFOA) recommends the

following analysis be undertaken

Measures of the tax and revenue base such as

Projections of key relevant economic variables

Population trends

Utilization trends for services underlying revenues

Evaluation of trends relating to the governmentrsquos financial

performance such as

Revenues and expenditures

Net revenues available after meeting operating requirements

Reliability of revenues expected to pay debt service

Unreserved fund balance levels

Debt service obligations such as

Existing debt service requirements

Debt service as a percentage of expenditures or tax or system revenues

There are six financial debt indicators that have been included in the analysis to provide a clear understanding of the overall debt outstanding and the debt servicing costs

Financial Debt Indicator One Tax Debt Interest as of Own Source Revenues

This ratio indicates the extent to which the municipalityrsquos own source revenues are committed to debt interest charges This is calculated using Schedule 40 of the Financial Information Returns and the Own

Source Revenues in Schedule 81 less WaterWW revenues in Schedule 12

Formula

Tax Debt Interest

Own Source Revenues

Municipal Financial Indicators 97

Municipal Study 2018

Financial Debt Indicator Two Debt Charges as a of Own Source Revenues (Debt Service Ratio)

Debt Service is the amount of principal and interest that a municipality must pay each year to service the

debt (principal and interest expenses) As debt service increases it reduces expenditure flexibility This shows the of total debt expenditures including interest as a of own source revenue It is a measure of the municipalityrsquos ability to service its debt payments Schedule 74C has been used for the total debt charges (line 3099) and the tax debt charges (line 3012)

Formula

Debt Principal and Interest Payments

Own Source Revenue

Target

Credit rating agencies consider that principal and interest should be below 10 of Own Source Revenues

Interpretations

This indicator will trigger a warning if the increase in debt service consistently exceeds the increase in own source revenues

Financial Debt Indicator Three Debt Outstanding per Capita

This provides the debt outstanding as reflected on Schedule 74A divided by the population

Formula

Total Debt Outstanding

Population

Municipal Financial Indicators 98

Municipal Study 2018

Financial Debt Indicator Four Debt Outstanding Per Own Source Revenues

This provides the debt outstanding as reflected on Schedule 74A divided by the municipalityrsquos own source revenues as reflected in Schedule 81

Formula

Total Debt Outstanding

Own Source Revenue

Financial Debt Indicator Five Debt to Reserve Ratio

Formula

Debt Outstanding

Reserves and Reserve Funds (Excluding Obligatory Reserve

Funds)

Financial Debt Indicator Six Debt Outstanding as a of Unweighted Assessment

This provides the debt outstanding as reflected on Schedule 74A divided by the municipalityrsquos own source revenues as reflected in Municipalityrsquos Levy by‐laws

Formula

Total Debt Outstanding

Unweighted Assessment

Target

This indicator provides a measure for financial prudence by comparing total debt to the total reserve balances Generally the benchmark suggested by credit rating agencies for this ratio is 11 or in other words debt should not exceed total reserve and reserve fund balances A 11 ratio reflects that for every dollar of debt there is a dollar of reserves

Municipal Financial Indicators 99

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend

Municipality 2013 2014 2015 2016 2017

Brampton 00 00 00 00 00

East Gwillimbury 00 00 00 00 00

Erin 00 11 08 08 00

Espanola 03 00

Mapleton 00 00 00 00 00

Richmond Hill 00 00 00 00 00

Tiny 00

West Lincoln 00 00 00 00 00

Whitby 00 00 00 00 00

Wilmot 15 00 00 00 00

Kenora 07 07 00 00 00

North Middlesex 02 01 01

Wainfleet 03 03 03 02 01

Grimsby 00 02 01 00 01

Puslinch 00 05 04 03 02

Markham 02 02 02 02 02

Sarnia 07 06 05 02 02

Wellesley 06 04 03 01 02

Sault Ste Marie 05 04 03 03 02

Thorold 05 05 05 03 03

Saugeen Shores 05 05 04 04 03

Greater Sudbury 03 03 04 03 03

Cambridge 04 04 03 04 03

Niagara‐on‐the‐Lake 05 03 03 05 04

Penetanguishene 04

Grey Highlands 01 02 02 01 04

Mississauga 01 02 03 04 04

Georgina 00 00 00 03 04

Brock 07 06 06 05 04

Vaughan 13 12 12 10 04

Orillia 09 08 07 05 04

Fort Erie 07 07 06 06 05

Brantford 03 05

Kincardine 00 04 06 09 06

Strathroy‐Caradoc 07 07 06 07 07

Thunder Bay 09 08 08 07 07

Municipal Financial Indicators 100

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Timmins 11 10 09 08 08

Clarington 13 12 11 09 08

Tay 08

Barrie 08 08 07 08 08

Pickering 09 09 08 08 08

Hamilton 13 11 11 09 09

Cornwall 12 12 09 10 09

Windsor 11 11 09 09 09

Meaford 17 13 12 10 09

Lincoln 05 06 06 08 09

Springwater 09 10 12 11 09

Elliot Lake 11 03 06 10 09

North Dumfries 00 15 13 11 10

Chatham‐Kent 00 16 14 13 10

Caledon 19 19 14 12 10

Centre Wellington 00 15 14 10 10

London 13 13 12 11 10

St Thomas 12 13 11 10 10

North Bay 19 19 17 11 10

Brockton 10

Prince Edward County 17 15 13 10 11

Woolwich 15 14 13 10 11

Kitchener 15 14 14 00 11

Norfolk 10 11

Greenstone 27 26 24 20 11

Ingersoll 12 17 15 13 11

Orangeville 23 23 21 15 11

Halton Hills 13 15 15 13 12

Burlington 14 13 12 13 12

Owen Sound 16 17 15 15 12

Guelph 15 16 12 14 12

Brant County 13 08 19 17 13

Bracebridge 21 19 17 14 13

King 15 14 15 14 14

Brockville 22 20 16 14 14

Milton 15 13 15 15 15

Municipal Financial Indicators 101

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Oakville

Bancroft

Middlesex Centre

Haldimand

Guelph‐Eramosa

Newmarket

Parry Sound

Wellington North

Oshawa

Peterborough

Innisfil

Lambton Shores

Stratford

Huntsville

Tillsonburg

St Marys

Quinte West

Port Colborne

St Catharines

North Stormont

Collingwood

Belleville

Minto

North Perth

Welland

Whitchurch ‐ Stouffville

Kingston

Ottawa

Waterloo

Toronto

Pelham

Gravenhurst

10

25

00

26

00

00

22

19

33

25

24

34

39

00

10

00

22

00

33

08

00

47

22

43

23

30

42

41

10

76

09

23

24

24

19

31

23

19

30

21

23

28

29

31

12

19

21

00

28

14

14

37

40

28

32

39

42

11

69

16

16

15

20

22

20

25

21

18

28

20

23

26

26

27

13

12

24

00

29

14

13

29

32

39

27

31

39

39

14

60

17

15

17

17

19

20

20

19

19

21

20

22

25

24

25

19

15

24

21

26

21

20

29

30

38

29

31

36

39

19

54

15

16

16

16

16

17

17

18

18

18

19

19

19

20

20

21

21

22

23

23

23

24

25

25

27

29

29

30

33

38

46

47

Average

Median

13

10

14

12

13

12

12

10

12

10

Municipal Financial Indicators 102

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

District Muskoka

Region Durham

Region Halton

Region Peel

Region York

Region Waterloo

Region Niagara

06

09

07

14

17

18

16

05

10

06

14

19

23

16

05

09

08

12

18

23

17

05

08

08

11

20

21

27

04

06

07

09

19

24

26

Average

Median

12

14

13

14

13

12

14

11

14

09

Grey County

Elgin County

Simcoe County

Wellington County

Dufferin County

Bruce County

16

01

04

05

14

22

30

01

04

06

13

19

26

00

04

05

11

16

22

Average

Median

16

16

13

10

11

09

10

08

Municipal Financial Indicators 103

Municipal Study 2018

2017 Total and Tax Debt Charges as a of Own Source Revenues 2017 Total Debt Charges as a of Own Source

2017 Tax Debt Charges as a of Own Source

Municipality Revenues Revenues

Brampton 00 00

East Gwillimbury 00 00

Kenora 00 00

Kingston 65 00

Markham 03 00

North Perth 48 00

Richmond Hill 00 00

Timmins 36 00

Tiny 00 00

West Lincoln 00 00

Whitby 00 00

Wilmot 00 00

North Dumfries 33 01

Grimsby 02 02

Caledon 40 04

Clarington 48 04

Windsor 20 05

Thorold 06 08

Brock 10 10

Wainfleet 12 10

Georgina 33 11

Sault Ste Marie 15 12

Chatham‐Kent 54 14

Strathroy‐Caradoc 56 15

Tay 64 15

Innisfil 50 17

Wellesley 18 18

Whitchurch ‐ Stouffville 58 19

Centre Wellington 80 19

Brantford 33 23

Puslinch 23 23

Oakville 47 25

Woolwich 21 25

Halton Hills 74 25

St Thomas 30 26

Mississauga 26 26

2017 Total Debt Charges as a of Own Source

2017 Tax Debt Charges as a of Own Source

Municipality Revenues Revenues

Greater Sudbury 22 26

Penetanguishene 21 27

Elliot Lake 23 29

Thunder Bay 54 31

Vaughan 23 31

Brant County 44 31

Fort Erie 37 33

Kincardine 33 34

Niagara‐on‐the‐Lake 24 34

Orillia 29 35

Springwater 66 36

Bracebridge 36 36

Prince Edward County 71 36

Erin 32 37

Parry Sound 80 38

Espanola 30 38

North Middlesex 45 38

Cambridge 25 39

Middlesex Centre 88 39

Barrie 85 42

Kitchener 38 42

Meaford 57 43

Milton 86 43

Pickering 44 44

Grey Highlands 38 44

Lincoln 41 48

Waterloo 48 48

Newmarket 43 49

Sarnia 37 50

Hamilton 51 53

Owen Sound 89 55

Cornwall 47 55

Huntsville 55 55

Ingersoll 56 56

Peterborough 94 56

Belleville 71 56

Municipal Financial Indicators 104

Municipal Study 2018

2017 Total and Tax Debt Charges as a of Own Source Revenues (contrsquod)

Municipality

2017 Total Debt Charges as a of Own Source Revenues

2017 Tax Debt Charges as a of Own Source Revenues Municipality

2017 Total Debt Charges as a of Own Source Revenues

2017 Tax Debt Charges as a of Own Source Revenues

Oshawa 57 57 Region Peel 94 06

Norfolk 56 57 District Muskoka 61 08

Brockton 57 61 Region York 231 14

Haldimand 53 63 Region Durham 63 18

Stratford 91 64 Region Halton 55 19

Orangeville 56 64 Region Niagara 71 87

Ottawa 79 66 Region Waterloo 98 89

London 70 67 Average 96 34 North Bay 90 69 Median 71 18

Saugeen Shores 54 70

Burlington

St Marys

71

60

71

71

Grey County

Elgin County

00

04

00

04

Pelham 117 72 Wellington County 40 35

Brockville 61 73 Simcoe County 36 36

Tillsonburg 76 76 Dufferin County 60 60

Guelph 78 78 Bruce County 70 70

Quinte West 66 81 Average 35 34

North Stormont 78 84 Median 38 35

Toronto 78 87

Port Colborne 70 95

King 82 96

St Catharines 86 98

Guelph‐Eramosa 80 101

Gravenhurst 103 103

Greenstone 98 107

Collingwood 92 112

Lambton Shores 83 114

Bancroft 98 129

Wellington North 98 130

Welland 90 132

Minto 124 165

Average 51 44 Median 51 38

Municipal Financial Indicators 105

Municipal Study 2018

2017 Total Debt Outstanding Per Capita

Total Debt Tax Debt Outstanding Outstanding Per

Municipality Per Capita Capita

East Gwillimbury ‐$ ‐$

Espanola 1112 $ ‐$

Richmond Hill ‐$ ‐$

Whitby ‐$ ‐$

Wilmot ‐$ ‐$

Kenora ‐$ ‐$

Tiny 3$ 3$

Puslinch 15 $ 15 $

West Lincoln 17 $ 17 $

Wainfleet 27 $ 27 $

Markham 35 $ 35 $

Georgina 232$ 44 $

Thorold 59 $ 59 $

Wellesley 60 $ 60 $

Sault Ste Marie 171 $ 83 $

Niagara‐on‐the‐Lake 157 $ 87 $

Saugeen Shores 707$ 88 $

Brock 94 $ 94 $

Sarnia 167$ 98 $

Woolwich 135$ 124 $

Penetanguishene 128 $ 128 $

Grimsby 133$ 133 $

North Dumfries 139 $ 135 $

Brampton 137$ 137 $

Centre Wellington 807 $ 145 $

Fort Erie 261 $ 151 $

Vaughan 179 $ 158 $

Clarington 173$ 173 $

Caledon 175$ 175 $

North Middlesex 286$ 185 $

Strathroy‐Caradoc 344 $ 191 $

Greater Sudbury 460 $ 192 $

Wellington North 407 $ 192 $

Lincoln 195$ 195 $

Cambridge 292$ 198 $

Mississauga 202$ 202 $

Total Debt Tax Debt Outstanding Outstanding Per

Municipality Per Capita Capita

Springwater 240$ 240 $

Elliot Lake 244$ 244 $

Windsor 373$ 265 $

Newmarket 377$ 270 $

Tay 980$ 283 $

Meaford 572$ 288 $

Guelph‐Eramosa 559$ 293 $

Orillia 307 $ 307 $

Grey Highlands 445$ 312 $

Kincardine 312 $ 312 $

Kitchener 313 $ 313 $

Timmins 1234 $ 322 $

Pickering 325$ 325 $

Erin 348$ 348 $

Ingersoll 358$ 358 $

King 551$ 377 $

Owen Sound 961$ 380 $

Chatham‐Kent 847 $ 382 $

Huntsville 382 $ 382 $

North Stormont 382$ 382 $

Milton 412 $ 412 $

Halton Hills 433 $ 433 $

Burlington 459$ 459 $

Oshawa 472$ 472 $

Norfolk 895$ 475 $

Minto 992$ 489 $

Brockton 511$ 511 $

Prince Edward County 1600 $ 518 $

Hamilton 739 $ 523 $

Waterloo 572$ 527 $

Brantford 771$ 529 $

Barrie 2061 $ 531 $

Orangeville 1026 $ 533 $

Middlesex Centre 1178 $ 540 $

Oakville 579 $ 579 $

Innisfil 596$ 596 $

Municipal Financial Indicators 106

Municipal Study 2018

2017 Total Debt Outstanding Per Capita (contrsquod)

107Municipal Financial Indicators

Municipality

Total Debt Outstanding

Per Capita

Tax Debt Outstanding Per

Capita

Tillsonburg 601 $ 601 $

Whitchurch ‐ Stouffville 602 $ 602 $

London 778 $ 616 $

Bracebridge 641 $ 641 $

Haldimand 1000$ 657 $

Lambton Shores 1059 $ 672 $

Cornwall 910$ 684 $

St Thomas 824 $ 693 $

Bancroft 1568 $ 717 $

Welland 830$ 730$

St Catharines 783 $ 756 $

Mapleton 900$ 762 $

Guelph 788 $ 769 $

North Bay 1110$ 787 $

Collingwood 1176 $ 795 $

Brockville 1191 $ 818 $

Thunder Bay 1777 $ 868 $

Parry Sound 2076 $ 891 $

St Marys 1223 $ 1052 $

Brant County 1366 $ 1068 $

North Perth 1163 $ 1072 $

Port Colborne 1287 $ 1117 $

Quinte West 2233 $ 1136 $

Peterborough 1482 $ 1175 $

Stratford 2082 $ 1331 $

Belleville 1814 $ 1377 $

Gravenhurst 1489 $ 1489 $

Pelham 1772 $ 1707 $

Ottawa 2417 $ 1731 $

Kingston 2855 $ 1913 $

Toronto 2168 $ 2168 $

Greenstone 3335 $ 3335 $

Average 731 $ 507 $ Median 555 $ 379 $

Municipality

Total Debt Outstanding Per Capita

Tax Debt Outstanding Per

Capita

Region Durham 167 $ 132 $

District Muskoka 1063 $ 157 $

Region Peel 976$ 176 $

Region Halton 548$ 189 $

Region Niagara 733$ 589 $

Region York 2911 $ 763 $

Region Waterloo 1224 $ 854 $

Average 1089$ 408$ Median 976$ 189$

Grey County 17 $ 17 $

Simcoe County 58 $ 58 $

Elgin County 94 $ 94 $

Wellington County 114 $ 114 $

Dufferin County 280$ 280 $

Bruce County 301$ 301 $

Average 144$ 144$

Median 104$ 104$

Municipal Study 2018

2017 Debt Outstanding Per Own Source Revenues

Municipality

Debt Outstanding as a of Own Source Revenues

Cambridge 236

Municipality

Debt Outstanding as a of Own Source Revenues

Springwater 242

Strathroy‐Caradoc 258

Ingersoll 295

Newmarket 301

Guelph 306

Meaford 308

Hamilton 313

King 330

Brantford 335

Grey Highlands 346

London 350

Wellington North 351

Chatham‐Kent 358

Brockton 361

Pickering 370

Innisfil 382

Cornwall 389

Burlington 395

St Thomas 395

Saugeen Shores 399

Huntsville 402

Waterloo 411

Thunder Bay 412

Espanola 425

Erin 427

Oakville 436

Haldimand 438

Oshawa 439

Halton Hills 446

St Marys 454

North Bay 456

Owen Sound 458

Timmins 463

Milton 490

Brockville 491

Norfolk 493

East Gwillimbury 00

Kenora 00

Richmond Hill 00

Whitby 00

Wilmot 00

Tiny 02

West Lincoln 14

Puslinch 22

Wainfleet 24

Markham 34

Thorold 44

Sault Ste Marie 72

Penetanguishene 73

Niagara‐on‐the‐Lake 98

Sarnia 99

Brock 104

Wellesley 107

Orillia 127

Brampton 140

Kincardine 141

Vaughan 144

Grimsby 149

Elliot Lake 150

Caledon 152

Windsor 154

North Middlesex 163

Fort Erie 172

Woolwich 186

Greater Sudbury 187

North Dumfries 194

Mississauga 198

Georgina 205

Kitchener 206

Clarington 216

Lincoln 221

Municipal Financial Indicators 108

Municipal Study 2018

2017 Debt Outstanding Per Own Source Revenues (contrsquod)

Municipality

Debt Outstanding as a of Own Source Revenues

Tillsonburg 509

Collingwood 526

Whitchurch ‐ Stouffville 538

Lambton Shores 545

Welland 557

Orangeville 566

North Stormont 568

Brant County 587

Bracebridge 587

North Perth 596

Peterborough 605

St Catharines 652

Toronto 672

Guelph‐Eramosa 696

Parry Sound 710

Tay 716

Belleville 729

Stratford 747

Greenstone 752

Centre Wellington 784

Prince Edward County 804

Minto 808

Middlesex Centre 809

Port Colborne 827

Bancroft 858

Ottawa 888

Barrie 928

Kingston 932

Mapleton 1059

Gravenhurst 1082

Quinte West 1314

Pelham 1637

Average 409

Median 385

Municipality

Debt Outstanding as a of Own Source Revenues

Region Durham

Region Halton

District Muskoka

Region Niagara

Region Peel

Region Waterloo

Region York

114

456

530

576

911

935

2069

Average

Median

799

576

Grey County

Simcoe County

Elgin County

Wellington County

Dufferin County

Bruce County

22

90

107

235

354

388

Average

Median

199

171

Municipal Financial Indicators 109

Municipal Study 2018

Debt To Reserve RatiomdashTrend

This includes discretionary reserves and all outstanding debt as reflected on Schedules 60 and 74A of the 2017 FIRs Note Reserves excludes obligatory reserves

Municipality 2013 2014 2015 2016 2017

Orillia (33) 53 12 12 (31)

East Gwillimbury 00 00 00 ‐

Kenora 03 03 ‐

Richmond Hill ‐

Whitby 00 ‐

Wilmot 00 ‐

Tiny 00

West Lincoln 00 00 00 00 00

Thorold 01 01 01 00 00

Puslinch 02 01 01 00

Wainfleet 01 01 01 00 00

Brock 02 01 01 01 01

Markham 00 01 01 01 01

Kincardine 01 02 01 01

Wellesley 01 01 01 02 02

Penetanguishene 02

North Middlesex 04 03 02

Elliot Lake 01 01 03 02 02

Grimsby 00 02

Vaughan 03 03 03 02 02

Lincoln 02 01 01 03 02

Springwater 03 04 03 03 02

Brampton 00 04 03 03 02

Clarington 03 03 03 03 02

Niagara‐on‐the‐Lake 04 03 05 03 02

Sarnia 12 09 06 05 03

North Dumfries 10 09 06 03

Woolwich 05 05 04 03 03

Georgina 06 05 04 04 03

Wellington North 05 05 04 03

Haldimand 03 03 03

Fort Erie 08 05 04 04 03

Sault Ste Marie 04 03 03 03 04

Strathroy‐Caradoc 08 08 07 05 04

Caledon 05 05 05 05 04

Mississauga 02 02 03 03 04

Municipal Financial Indicators 110

Municipal Study 2018

Debt To Reserve RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Pickering 06 04 04 05 04

London 09 07 06 05 05

Grey Highlands 03 03 02 04 05

Windsor 06 06 05 05 05

Ingersoll 15 19 11 08 05

Brockton 05

Saugeen Shores 07 07 07 06 05

Greater Sudbury 02 02 05 05 05

Cambridge 03 03 03 04 05

Hamilton 06 06 06 07 06

Guelph 06 05 05 07 06

King 12 08 10 08 06

Lambton Shores 21 14 10 08 06

Meaford 16 13 11 08 06

Chatham‐Kent 10 08 07 06

Oakville 03 02 07 06 06

Halton Hills 12 15 11 08 06

Newmarket 10 10 10 08 06

Collingwood 11 12 09 09 06

Norfolk 05 07

Burlington 07 07 06 08 07

Erin 06 05 08 07

Milton 07 06 06 04 07

Owen Sound 08 06 06 08 07

Brantford 08

Parry Sound 08 08 08 08

Innisfil 09 08 08 11 08

Espanola 12 08

St Marys 11 08 08 09

Cornwall 05 05 05 08 09

Mapleton 05 06 09

Brant County 13 08 08 07 09

Tay 09

Centre Wellington 11 11 09 09

North Stormont 11 09

Bracebridge 07 06 08 06 10

Municipal Financial Indicators 111

Municipal Study 2018

Debt To Reserve RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Minto

Oshawa

Peterborough

Guelph‐Eramosa

North Perth

Middlesex Centre

Huntsville

North Bay

St Thomas

Kitchener

Kingston

Port Colborne

Welland

Orangeville

Belleville

Gravenhurst

Whitchurch ‐ Stouffville

Waterloo

Thunder Bay

St Catharines

Toronto

Timmins

Stratford

Brockville

Tillsonburg

Barrie

Greenstone

Prince Edward County

Bancroft

Quinte West

Ottawa

Pelham

20

08

26

19

28

08

25

13

20

36

20

24

16

13

15

13

19

09

33

22

30

42

58

31

17

58

13

08

22

09

24

14

23

08

20

13

10

20

21

15

24

13

12

17

13

20

07

30

23

25

40

50

29

20

49

17

09

15

10

10

20

20

20

23

06

18

13

07

20

14

19

24

13

13

18

21

22

16

31

21

30

32

35

22

26

52

18

13

13

10

14

14

15

17

16

06

16

12

07

16

10

18

20

14

17

20

18

21

23

27

26

31

30

32

21

32

50

37

10

10

11

12

12

12

13

13

13

13

14

14

14

14

15

16

16

16

18

19

21

22

22

24

25

27

30

30

31

31

43

164

Average

Median

11

08

11

08

10

08

10

07

10

06

Municipal Financial Indicators 112

Municipal Study 2018

Debt To Reserve RatiomdashTrend (contrsquod)

Municipality

Region Durham

Region Halton

District Muskoka

Region Peel

Region Niagara

Region York

Region Waterloo

2013

03

04

12

10

08

17

20

2014

03

04

11

10

10

17

23

2015

02

04

09

09

11

15

25

2016

01

03

07

09

12

14

24

2017

01

03

06

08

12

13

23

Average

Median

11

10

11

10

11

09

10

09

09

08

Grey County

Simcoe County

Elgin County

Wellington County

Dufferin County

Bruce County

05

01

03

08

04

13

12

00

02

05

05

09

10

00

01

03

04

07

08

Average

Median

05

05

07

06

05

05

04

03

Municipal Financial Indicators 113

Municipal Study 2018

Debt Outstanding per $100000 of Unweighted AssessmentmdashTrend

Municipality 2013 2014 2015 2016 2017

East Gwillimbury 1$ 1$ 0$ ‐$

Kenora 555$ 489 $ ‐$

Richmond Hill ‐$

Whitby ‐$

Wilmot 2$ ‐$

Tiny 1$

Puslinch 24 $ 18$ 12 $ 6$

West Lincoln 3$ 22 $ 17 $ 13 $

Markham 18 $ 22 $ 20$ 17 $ 14$

Wainfleet 42 $ 35 $ 26$ 17 $ 17 $

Wellesley 38 $ 27 $ 16$ 45 $ 36$

Thorold 108$ 98 $ 88$ 63 $ 54$

Niagara‐on‐the‐Lake 103 $ 80 $ 98$ 79 $ 60$

Brock 95 $ 86 $ 77 $ 68$ 60$

Vaughan 113$ 99 $ 75 $ 66$ 66$

North Dumfries 116 $ 102 $ 88$ 74$

Caledon 144$ 119 $ 98$ 95 $ 74$

Woolwich 125 $ 114 $ 104$ 92 $ 82 $

Grimsby 1$ 0$ 2$ 92 $

Brampton 119 $ 108 $ 97 $

Mississauga 42 $ 64 $ 84$ 95 $ 103 $

North Middlesex 207 $ 152 $ 109 $

Penetanguishene 118 $

Clarington 190$ 217 $ 181 $ 149 $ 130$

Springwater 207$ 242 $ 216 $ 188 $ 135 $

Lincoln 112$ 91 $ 99 $ 170$ 138 $

Georgina 238$ 208 $ 182 $ 182 $ 150$

Kincardine 170 $ 237 $ 201 $ 159 $

Sarnia 420$ 361 $ 283 $ 237 $ 172 $

Erin 121$ 100$ 196 $ 172 $

King 345$ 274 $ 296 $ 233 $ 178 $

Pickering 144$ 149 $ 123 $ 144$ 185 $

Sault Ste Marie 227 $ 175 $ 145 $ 122 $ 196 $

Newmarket 362$ 319 $ 281 $ 238 $ 198 $

Huntsville 312 $ 283 $ 256 $ 234$ 207 $

Grey Highlands 13$ 113 $ 93 $ 168 $ 212 $

Municipal Financial Indicators 114

Municipal Study 2018

Debt Outstanding per $100000 of Unweighted AssessmentmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Oakville 135 $ 108 $ 275 $ 238 $ 213 $

Burlington 219 $ 212 $ 210 $ 252 $ 221 $

Milton 212 $ 169 $ 234 $ 192 $ 225 $

Halton Hills 279 $ 370 $ 321 $ 279 $ 226 $

Fort Erie 347 $ 299 $ 257 $ 285 $ 233 $

Cambridge 111 $ 97 $ 143 $ 166 $ 240 $

North Stormont 259 $ 242 $

Orillia 533 $ 462 $ 395 $ 329 $ 259 $

Kitchener 481 $ 417 $ 360 $ 310 $ 270 $

Whitchurch ‐ Stouffville 427 $ 1125 $ 376 $ 321 $ 273 $

Wellington North 517 $ 468 $ 367 $ 277 $

Guelph‐Eramosa 221 $ 193 $ 324 $ 278 $

Strathroy‐Caradoc 475 $ 425 $ 367 $ 357 $ 286 $

Innisfil 577 $ 515 $ 471 $ 405 $ 333 $

Bracebridge 206 $ 188 $ 170 $ 156 $ 345 $

Waterloo 445 $ 461 $ 416 $ 373 $ 348 $

Meaford 598 $ 523 $ 455 $ 404 $ 355 $

Brockton 365 $

Ingersoll 547 $ 615 $ 536 $ 464 $ 385 $

Saugeen Shores 625 $ 550 $ 487 $ 448 $ 397 $

Oshawa 570 $ 563 $ 507 $ 485 $ 405 $

Mapleton 147$ 225 $ 421 $

Lambton Shores 740 $ 656 $ 586 $ 509 $ 431 $

Greater Sudbury 245 $ 201 $ 520 $ 491 $ 442 $

Elliot Lake 197 $ 164 $ 618 $ 556 $ 492 $

Windsor 735 $ 2773 $ 642 $ 584 $ 527 $

Centre Wellington 761 $ 688 $ 605 $ 531 $

Guelph 659 $ 554 $ 480 $ 738 $ 566 $

Gravenhurst 758 $ 707 $ 658 $ 618 $ 569 $

Middlesex Centre 921 $ 808 $ 712 $ 624 $ 573 $

Hamilton 677 $ 749 $ 637 $ 725 $ 598 $

Tillsonburg 819 $ 725 $ 649 $ 618 $ 610 $

North Perth 1078 $ 855 $ 727 $ 620 $

Norfolk 642 $

Collingwood 1077 $ 1045 $ 915 $ 818 $ 688 $

Chatham‐Kent ‐$ 1110 $ 977 $ 845 $ 710 $

Municipal Financial Indicators 115

Municipal Study 2018

Debt Outstanding per 100000 of Unweighted AssessmentmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

London

Brantford

Haldimand

St Catharines

Tay

Orangeville

Brant County

Minto

Prince Edward County

Toronto

Welland

St Thomas

North Bay

Owen Sound

St Marys

Cornwall

Brockville

Pelham

Port Colborne

Peterborough

Ottawa

Espanola

Timmins

Barrie

Bancroft

Stratford

Belleville

Thunder Bay

Parry Sound

Kingston

Quinte West

Greenstone

1052 $

595 $

625 $

782 $

1110 $

935 $

1287 $

727 $

1364 $

1100 $

802 $

978 $

234 $

1199 $

1528 $

555 $

1807 $

2300 $

1139 $

2109 $

1914 $

936 $

3515 $

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

973

573

636

865

686

1002

929

1217

659

1214

953

1426

706

1021

266

559

1185

1362

501

1744

2061

1028

1984

2078

1813

1054

3242

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

910

642

786

596

779

840

889

957

1150

576

1369

819

1288

729

875

364

766

1296

1311

1556

1027

1666

2255

1587

1941

1909

1989

1505

2979

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

799

676

771

511

700

1018

791

917

1092

586

1189

1214

1153

1176

1195

887

670

1428

1307

1648

1706

2019

2003

1979

2111

1791

2169

2913

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

740

755

759

759

789

806

846

851

966

974

1011

1036

1064

1066

1155

1181

1202

1246

1337

1414

1473

1490

1542

1589

1656

1774

1821

1926

1967

2226

2303

2555

Average

Median

616 $

507 $

$

$

608

462

$

$

590

461

$

$

602

404

$

$

579

351

Municipal Financial Indicators 116

Municipal Study 2018

Debt Outstanding per 100000 of Unweighted AssessmentmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Region Durham

Region Halton

District Muskoka

Region Peel

Region Niagara

Region Waterloo

Region York

291 $

319 $

377 $

782 $

488 $

698 $

1261 $

297 $

307 $

710 $

552 $

955 $

1339 $

249 $

315 $

315 $

642 $

623 $

926 $

1333 $

193 $

292 $

294 $

633 $

607 $

948 $

1261 $

119 $

245 $

266 $

556 $

619 $

918 $

1167 $

Average

Median

602 $

488 $

693 $

631 $

629 $

623 $

604 $

607 $

556 $

556 $

Elgin County

Dufferin County

Grey County

Simcoe County

Wellington County

Bruce County

242 $

79 $

227 $

20 $

48 $

208 $

204 $

86 $

201 $

13 $

39 $

190 $

190 $

‐$

‐$

10 $

32 $

158 $

161 $

Average

Median

242 $

242 $

131 $

141 $

120 $

138 $

60 $

21 $

Municipal Financial Indicators 117

Municipal Study 2018

Taxes Receivable as a of Taxes Levied

This ratio is a strong indicator of the strength of a local economy and the ability of residents to pay their annual taxes This is calculated using Schedule 72A of the Financial Information Returns

Formula

Taxes Receivable

Taxes Levied

Target

Credit Rating agencies consider over 8 a negative factor

Interpretations

If this percentage increases over time it may indicate a decline in the municipalityrsquos economic health

Taxes Receivable as a of Tax LeviedmdashBy Location

Taxes Receivables

SimcoeMuskDuff

North

Eastern

NiagaraHamilton

Southwest

GTA

Municipal Financial Indicators 118

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location

Municipality 2013 2014 2015 2016 2017

Mississauga

Newmarket

Burlington

Oshawa

Milton

Oakville

Markham

Halton Hills

Toronto

Clarington

Whitby

Brampton

Vaughan

Richmond Hill

Caledon

Brock

East Gwillimbury

Georgina

Pickering

Whitchurch ‐ Stouffville

King

26

40

31

26

37

38

54

60

41

54

48

60

75

00

79

123

91

76

84

74

143

27

34

33

18

45

35

49

52

43

48

45

62

51

68

106

75

79

73

75

151

27

32

28

22

32

38

46

46

40

46

44

51

53

53

87

67

65

76

84

151

23

27

28

18

34

37

42

41

42

43

39

45

47

51

55

74

58

62

75

82

118

21

23

26

28

35

36

38

40

40

45

46

50

50

54

55

67

68

70

77

80

119

GTA Average

GTA Median

60

57

58

51

55

46

49

44

51

46

Municipal Financial Indicators 119

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location (contrsquod)

Municipality 2013 2014 2015 2016 2017

Kingston 36 29 29 23 21

Peterborough 36 37 32 23 23

Belleville 27 35 26 28 28

Cornwall 40 34 36 36 42

Ottawa 35 43 47 50 52

Prince Edward County 117 109 98 105 86

Quinte West 76 79 57 65 90

North Stormont 00 00 00 119 99

Brockville 49 55 75 84 104

Bancroft 166

Eastern Average 46 47 44 59 71

Eastern Median 36 37 36 50 69

Municipality 2013 2014 2015 2016 2017

Niagara‐on‐the‐Lake

St Catharines

Lincoln

Pelham

Fort Erie

Grimsby

Welland

Port Colborne

Wainfleet

Hamilton

Thorold

West Lincoln

71

61

92

81

109

00

125

118

85

85

141

58

62

74

72

100

66

124

58

114

86

61

164

48

64

82

77

91

54

140

59

95

84

73

148

31

55

60

71

83

61

104

58

76

81

59

94

30

51

52

55

60

64

64

72

73

74

99

102

NiagaraHamilton Average

NiagaraHamilton Median

88

86

80

72

84

79

69

64

66

64

Municipal Financial Indicators 120

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location (contrsquod)

Municipality 2013 2014 2015 2016 2017

Kenora 19 23 15 13 10

Greater Sudbury 28 23 25 24 30

Parry Sound 68 67 46 34

North Bay 42 48 45 40 45

Thunder Bay 63 54 71 63 58

Espanola 52 73

Elliot Lake 34 38 42 42 79

Timmins 66 72 65 60 79

Greenstone 182 183 186 162 129

Sault Ste Marie 128 117 110 150 195

North Average 70 69 68 67 73

North Median 53 54 58 46 65

Municipality 2013 2014 2015 2016 2017

Orangeville

Barrie

Penetanguishene

Gravenhurst

Collingwood

Bracebridge

Tiny

Orillia

Innisfil

Springwater

Tay

Huntsville

52

60

137

79

130

109

90

125

141

30

63

115

85

122

114

95

117

154

19

59

88

72

103

100

102

102

157

20

50

67

61

79

81

91

90

129

11

50

59

65

73

76

83

84

85

86

92

125

SimcoeMuskDuff Average

SimcoeMuskDuff Median

103

109

99

114

89

100

74

79

74

79

Municipal Financial Indicators 121

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location (contrsquod)

Municipality 2013 2014 2015 2016 2017

Sarnia

North Perth

London

Guelph

Tillsonburg

Wilmot

Ingersoll

Stratford

Brantford

Wellesley

Woolwich

Brant County

Centre Wellington

St Marys

Puslinch

Kitchener

Brockton

Waterloo

Chatham‐Kent

North Middlesex

Kincardine

Middlesex Centre

Strathroy‐Caradoc

Saugeen Shores

Owen Sound

Cambridge

St Thomas

Lambton Shores

Meaford

Guelph‐Eramosa

North Dumfries

Wellington North

Windsor

Norfolk

Erin

Minto

Mapleton

Grey Highlands

50

25

16

16

39

41

60

51

39

54

70

57

67

53

83

48

47

90

27

85

62

98

142

23

21

19

44

47

51

48

38

42

52

55

48

52

62

48

68

67

54

81

47

40

91

21

80

79

72

60

87

97

131

104

69

146

19

26

19

22

39

33

49

44

31

46

45

48

49

46

52

49

48

69

54

59

57

45

26

74

34

82

81

66

63

75

86

108

98

63

159

15

27

26

25

30

28

45

41

37

26

48

44

45

45

23

55

39

47

60

63

61

60

44

50

73

67

79

71

67

65

78

84

83

86

83

161

16

18

20

22

26

26

35

36

37

37

38

38

40

40

43

43

44

47

48

49

50

51

53

54

55

58

60

61

61

63

63

79

83

85

86

87

101

158

Southwest Average

Southwest Median

57

53

62

54

58

49

58

50

53

49

Municipal Financial Indicators 122

Municipal Study 2018

Rates Coverage Ratio

The Rates Coverage Ratio provides a measure of the municipalityrsquos ability to cover its costs through its

own sources of revenue According to the Ministry of Municipal Affairs and Housing a basic target is 40‐60 an intermediate is 60‐90 and an advanced target is 90 or greater

OSR as a of Total

Municipality Expenditures

Cornwall 620

St Thomas 626

Parry Sound 631

Wellesley 654

Norfolk 659

Milton 677

Bancroft 692

Peterborough 712

Greater Sudbury 743

Windsor 743

Brantford 745

Elliot Lake 757

Gravenhurst 757

North Stormont 776

Wilmot 777

Chatham‐Kent 781

Hamilton 791

Stratford 805

Tiny 808

Ottawa 808

Erin 814

Timmins 816

Toronto 825

London 834

Huntsville 836

Grey Highlands 841

North Dumfries 842

Prince Edward County 844

Tay 847

Brockton 854

Greenstone 854

Minto 855

Espanola 857

Puslinch 866

Kingston 874

Port Colborne 878

OSR as a of Total

Municipality Expenditures

Brampton 882

Guelph‐Eramosa 883

Halton Hills 890

Woolwich 897

Guelph 898

Bracebridge 899

Springwater 907

Clarington 909

Saugeen Shores 909

Lambton Shores 911

Kenora 912

Thunder Bay 912

Lincoln 913

Haldimand 916

Brock 919

Centre Wellington 923

Owen Sound 924

Markham 924

Vaughan 925

Barrie 927

Sault Ste Marie 929

North Bay 932

Grimsby 936

Pelham 938

Oakville 942

Mississauga 944

North Middlesex 950

Quinte West 956

Wellington North 958

Georgina 962

Waterloo 963

St Catharines 967

Newmarket 969

Whitchurch ‐ Stouffville 973

Brockville 973

Burlington 986

Municipal Financial Indicators 123

Municipal Study 2018

Rates Coverage Ratio Contrsquod

Municipality

OSR as a of Total

Expenditures

Pickering 987

Richmond Hill 990

Welland 998

Tillsonburg 1005

Thorold 1017

Cambridge 1022

Mapleton 1022

St Marys 1023

Belleville 1024

Penetanguishene 1024

Middlesex Centre 1028

Kincardine 1032

Sarnia 1036

Ingersoll 1038

Collingwood 1044

Oshawa 1045

Niagara‐on‐the‐Lake 1047

Kitchener 1047

King 1055

Caledon 1059

Fort Erie 1062

Orillia 1071

Wainfleet 1072

Brant County 1080

Innisfil 1092

East Gwillimbury 1093

Orangeville 1096

Meaford 1140

Strathroy‐Caradoc 1146

North Perth 1172

Whitby 1181

West Lincoln 1497

Average 921

Median 923

Municipality

OSR as a of Total

Expenditures

Region Niagara

Region Peel

Region Waterloo

District Muskoka

Region York

Region Durham

Region Halton

678

699

744

811

827

844

877

Average

Median

Simcoe County

Grey County

Wellington County

Dufferin County

Bruce County

Elgin County

783

811 3

509

580

581

647

652

654

Average

Median

604

614

Municipal Financial Indicators 124

Page 8: 2018 Final Report v8 - Stratford

1

Municipal Study 2018

Executive Summary

Municipal Study 2018

SECTION 1 Introduction

Since 2000 BMA Management Consulting Inc has annually completed a municipal comparative study on behalf of participating Ontario municipalities The Executive Summary provides an overview of the analysis

contained in the comprehensive report

The study identifies both key quantifiable indicators and selective environmental factors that should be considered as part of a comprehensive evaluation of a local municipalityrsquos financial condition Use of the study over a number of years provides trends to allow decision makers to monitor selected indicators over

time Trend analysis helps to provide interpretative context In addition context can be provided by

comparing a municipalityrsquos own experience with the experience of other municipalities

108 Ontario municipalities representing in excess of 85 of the population

Number of Populations Municipalities 100000 or greater 26

30000 ‐ 99999 27

15000 ‐ 29999 24

0 ‐ 14999 31

Total 108

The analysis was completed using the most recent information available as provided by the participating municipalities including

2018 Current Value Assessment

2018 Tax Policies

2018 Levy By‐laws

2018 Development Charges

2018 WaterSewer Rates

2017 FIRs

2018 User Fees

Economic Development Programs

Executive Summary 2

Municipal Study 2018

2018 Municipalities Included in the Study

The following provides a summary of the municipalities participating by population range

Populations 15000 or less

Populations 15000 ndash 29999

Populations 30000 ndash 99999

Populations gt100000

Bancroft

Brock

Brockton

Central Elgin

Elliot Lake

Erin

Espanola

Gravenhurst

Greenstone

Grey Highlands

Guelph‐Eramosa

Ingersoll

Kincardine

Lambton Shores

Mapleton

Meaford

Minto

North Dumfries

North Middlesex

North Perth

North Stormont

Parry Sound

Penetanguishene

Puslinch

Saugeen Shores

St Marys

Tay

Tiny

Wainfleet

Wellesley

Wellington North

Bracebridge

Brockville

Centre Wellington

Collingwood

East Gwillimbury

Grimsby

Huntsville

Kenora

King

Lincoln

Middlesex Centre

Midland

Niagara‐on‐the‐Lake

Owen Sound

Pelham

Port Colborne

Prince Edward County

Springwater

Strathroy‐Caradoc

Thorold

Tillsonburg

West Lincoln

Wilmot

Woolwich

Barrie

Brampton

Brantford

Burlington

Cambridge

Chatham‐Kent

Durham Region

Greater Sudbury

Guelph

Halton Region

Hamilton

Kingston

Kitchener

London

Markham

Milton

Mississauga

Niagara Region

Oakville

Oshawa

Ottawa

Peel Region

Richmond Hill

Simcoe County

St Catharines

Thunder Bay

Toronto

Vaughan

Waterloo Region

Waterloo

Whitby

Windsor

York Region

Aurora

Belleville

Brant

Bruce County

Caledon

Clarington

Cornwall

Fort Erie

Georgina

Grey County

Haldimand

Halton Hills

Innisfil

Muskoka District

Newmarket

Niagara Falls

Norfolk

North Bay

Orangeville

Orillia

Peterborough

Pickering

Quinte West

Sarnia

Sault Ste Marie

St Thomas

Stratford

Timmins

Welland

Wellington County

Whitchurch‐Stouffville

Executive Summary 3

Municipal Study 2018

SECTION 2 Socio‐Economic Indicators

A complete assessment of a municipalityrsquos financial condition should include consideration of socio‐economic factors Socio‐economic indicators describe and quantify a municipalityrsquos wealth and economic conditions and provide insight into a municipalityrsquos ability to generate revenue relative to the municipalitys demand for public services An evaluation of socio‐economic indicators contributes to the development of sound financial policies

Land Density

Population density indicates the number of residents living in an area (usually measured by square

kilometre) Analysis of density can provide insight into the age of a city growth patterns zoning practices and new development opportunities High population density can indicate whether a municipality may be reaching build‐out as well as service and infrastructure needs such as additional public transit or street

routes The following graph provides a summary of average population density per square kilometre by geographic location

GTA

SimcoeMuskDuff

Southwest

Eastern

NiagaraHamilton

North

Population Density per Sq Km

‐ 200 400 600 800 1000 1200

Executive Summary 4

Municipal Study 2018

Population Growth

The following graph shows the change in population from 2006‐2011 and from 2011‐2016 As shown in the graph the GTA municipalities experienced the largest population percentage growth in both periods

Northern municipalities experienced the lowest percentage of population growth

‐20

00

20

40

60

80

100

2006‐2011 2011‐2016

Household Income

Household income is one measure of a communityrsquos ability to pay While a higher relative household income is a positive indicator of the overall local economy it may lead to a greater expectation for quality programs and additional challenges in balancing desired levels of service with a willingness to pay for programs and services The average household income varies by geographic location The average household income in Northern municipalities was $84288 compared with $115474 in the GTA

Eastern

North

SimcoeMuskDuff

NiagaraHamilton

Southwest

GTA

2018 Household Income

$‐ $20000 $40000 $60000 $80000 $100000 $120000 $140000

Executive Summary 5

Municipal Study 2018

Assessment Per Capita

Property assessment is the basis upon which municipalities raise taxes A strong assessment base is critical to a municipalityrsquos ability to generate revenues Assessment per capita statistics have been compared to provide an indication of the ldquorichnessrdquo of the assessment base in each municipality Unweighted assessment provides the actual current value assessment of the properties Weighted assessment reflects the basis upon

which property taxes are levied after applying the tax ratios to the various property classes to the unweighted assessment The average assessment per capita is highest in the GTA and lowest in Northern

municipalities

GTA

SimcoeMuskDuff

Southwest

NiagaraHamilton

Eastern

North

Weighted Assessment per Capita

Unweighted Assessment per Capita

$‐ $50000 $100000 $150000 $200000 $250000

Assessment Change

Assessment growth provides an indication of how the base upon which

taxes are levied is changing over time From 2017mdash2018 the assessment increased by 62 on average across the 108 Ontario municipalities The GTA geographic area experienced the largest

increase at 98

Municipalities Grouped by Location 2014‐2015 2015‐2016 2016‐2017 2017‐2018

Eastern 41 48 24 39

North 56 50 07 41

Southwest 48 45 51 60

SimcoeMuskDuff 35 35 42 65

NiagaraHamilton 42 37 44 70

GTA 64 60 87 98

Executive Summary 6

Municipal Study 2018

Residential Properties

Residential properties were broken down by property type to provide an indication of the housing mix in each municipality The following graph reflects the average assessed values for residential properties by geographic location

Average House Value (000s)

GTA

SimcoeMuskDuff

Southwest

NiagaraHamilton

Eastern

North

$‐ $100 $200 $300 $400 $500 $600

Construction Activity

The three year average of building permits per capita were analyzed to provide a measure of relative building activity in each municipality and across the geographic locations The following reflects the results from 2015‐2017

$‐ $1000 $2000 $3000 $4000

North

Eastern

Southwest

NiagaraHamilton

SimcoeMuskDuff

GTA

Construction per Capita (3 yr avg)

Executive Summary 7

0‐25 20

Municipal Study 2018

SECTION 3 Municipal Financial Sustainability Indicators

The Financial Indicators section of the report includes a number of indicators to assist municipalities in evaluating financial condition A municipalityrsquos financial position is defined as the total fund balances including equity in business government enterprises less the amount to be recovered in future years associated with long‐term liabilities A comparison was made of each municipalityrsquos overall financial position (assets less liabilities) There is a significant range in municipal financial position per capita across

Ontario from a low of negative ($2460) to a high of $4914 per capita The following graph provides the percentage of municipalities that fall within each range

Financial Position Per Capita

less than ‐$1000 12

‐$1000‐$0 13

greater than $1000 25

$0‐$1000 50

Asset Consumption Ratio

The asset consumption ratio reflects the written down value of the tangible capital assets in relation to the

historical costs of the assets This ratio seeks to highlight the aged condition of the assets and the potential asset replacement needs A higher ratio may indicate significant replacement needs However if assets are renewed and replaced in accordance with an asset management plan a high ratio should not be a cause

for concern The following graphs reflect the ratio ranges across the survey for tax water and wastewater assets

Tax Water Wastewater

26‐50 73

51‐75 22

greater than 75 greater than 75 greater than 75 1 11 51‐75 9 0‐25 4

26‐50 70

0‐25 17 51‐75 7

26‐50 75

Executive Summary 8

0‐30 23 40

2‐3 13

Municipal Study 2018

Reserves

Reserves are a critical component of a municipalityrsquos long‐term financing plan The following graphs provide the range of reserves as a percentage of own source revenues for tax supported services water and wastewater The level of reserves required will vary for a number of reasons including

Services provided by the municipality

Age and condition of infrastructure inventory of fleet and vehicles supporting municipal operations

Level of expenditures

Internal debt and reserve policies

Targets ranges established on a reserve by reserve basis

Economic conditions and projections

Tax of OSR Water of OSR WW of OSR

greater than 90 greater than 90

8 0‐30 20 0‐30 27

greater than 90 60‐90 27 43

30‐60 11

30‐60 29

60‐90 8 30‐60 45 60‐90 19

Debt Indicators

Debt indicators can reveal increasing reliance on debt decreasing flexibility sudden large increases or decreases in future debt service and the amount of debt that a community can absorb The following graphs

summarize the debt interest ratio for tax water and wastewater to provide an understanding of the percentage of municipalities within various ranges of the debt interest ratio This ratio indicates the extent

to which a municipalityrsquos operating revenues are committed to interest expenses

Tax Water WW

greater than 3 5

0‐2 9

2‐10 8

0‐2 14

greater than

2‐10 4

0‐1 51

1‐2 31

greater than 10 82 10 83

Executive Summary 9

Municipal Study 2018

Taxes Receivable as a of Taxes Levied

Every year a percentage of property owners is unable to pay property taxes If this percentage increases over time it may indicate an overall decline in the municipalityrsquos economic health Additionally as uncollected property taxes rise liquidity decreases If the percentage of uncollected property taxes increases over time it may indicate an overall decline in the municipalityrsquos economic health The following graph provides a summary of the 2017 taxes receivable as a percentage of taxes levied in each of the geographic areas

Taxes Receivables as Taxes Levied

SimcoeMuskDuff

North

Eastern

NiagaraHamilton

Southwest

GTA

00 20 40 60 80

SECTION 4 Revenue amp Expenditure Analysis

Net Municipal Levy per Capita and per $100000 of assessment

Different service levels

Variations in the types of services

Different methods of providing services

User fee policies

Different assessment composition

Varying demand for services

Locational factors

Demographic differences

Socio‐economic differences

Urbanrural composition differences

Levy per Capita Levy per $100000 of Assesment

Eastern

Southwest

GTA

NiagaraHamilton

SimcoeMuskDuff

North

$‐ $200 $400 $600 $800 $1000 $1200 $1400 $1600 $1800 $2000

An analysis of levy per capita and per $100000 of assessment does not indicate value for money or the effectiveness in meeting

community objectives Municipal levies may vary as a result of

Net municipal levy per capita was calculated using Manifold Data Mining 2018 estimated population and the

2018 municipal levies The net levy on a per capita basis ranged from $1006 to $3038 (with an average of $1527 per capita) Net levy per $100000 of assessment is also provided The net levy on a per $100000 of unweighted assessment basis ranged across the municipalities from $538 to $2328 (with an average of $1111 per $100000 of assessment)

Executive Summary 10

Municipal Study 2018

SECTION 5 Select User Fee and Revenue Information

The Select User Fee and Revenue Information section of the report includes development charges building

permit fees tipping fees and transit fares

Development Charges

The recovery of costs by Ontario municipalities for capital infrastructure required to support new growth is governed by the Development Charges Act (1997) and supporting regulations The following table

summarizes the 2018 development charges Note some municipalities do not charge development charges

Non‐

Apartment Apartment Non‐Residential Residential 2018 Development Multiples units gt=2 units lt 2 (per Commercial (per Industrial

Charges Residential Dwelling 3+ (per unit) unit) sqft) (per sqft)

North $ 13789 7645 $ 6624 $ 6624 $ 761 $ 463 $

Eastern $ 15360 11682 $ 9562 $ 7374 $ 917 $ 543 $

Southwest $ 20235 15639 $ 12058 $ 10239 $ 795 $ 627 $

SimcoeMuskDuff $ 25843 21705 $ 16842 $ 13480 $ 920 $ 731 $

NiagaraHamilton $ 27231 19513 $ 18055 $ 11481 $ 1640 $ 854 $

GTA $ 72422 59269 $ 43903 $ 32204 $ 4265 $ 2132 $

SECTION 6 Tax Policies

The relative tax burden in each class of property will be impacted by the type of tax policies implemented in each municipality As such an analysis of the 2018 tax policies that impact the relative tax position was completed The following table summarizes the range of 2018 tax ratios across the survey

2018 Tax Ratios Average Median Min Max

Multi‐Residential 17902 18831 10000 26342

Commercial 16871 16929 11000 28476

Industrial 21826 22150 11000 47186

Executive Summary 11

Municipal Study 2018

SECTION 7 Comparison of Relative Taxes

Like property comparisons were undertaken on 12 property types that were of most interest to the participating municipalities In order to calculate the relative tax burden of ldquolikerdquo properties every effort was

made to hold constant those factors deemed to be most critical in determining a propertyrsquos assessed value There are many reasons for differences in relative tax burdens across municipalities and across property

classes These include but are not limited to the following

The values of like properties vary significantly across municipalities

The tax ratios in each class and the use of optional classes

Non‐uniform education tax rates in the non‐residential classes

Tax burdens across municipalities also vary based on the level of service provided and the associated costs

of providing these services

Extent to which a municipality employs user fees or has access to other sources of revenues such as dividends from hydro utilities gaming amp casino revenues

Residential Detached Senior Industrial Standard per Vacant Land Properties Bungalow 2 Storey Executive Properties sqft Large per sqft per acre

North $ 3153 $ 4817 6570 $ North 190 $ 100 $ 2609 $

Eastern $ 3185 $ 4401 6273 $ Eastern 148 $ 119 $ 2579 $

Southwest $ 3093 $ 4322 6004 $ Southwest 142 $ 086 $ 2007 $

SimcoeMuskDuff $ 3014 $ 4037 5703 $ SimcoeMuskDuff 131 $ 103 $ 1949 $

NiagaraHamilton $ 3518 $ 4693 6328 $ NiagaraHamilton 188 $ 090 $ 3669 $

GTA $ 4188 $ 4955 6859 $ GTA 219 $ 158 $ 8602 $

Survey Average $ 3397 $ 4524 6286 $ Survey Average 167 $ 111 $ 3673 $

Survey Median $ 3345 $ 4636 6223 $ Survey Median 169 $ 108 $ 2106 $

Neigh Multi‐Residential High Rise per Commercial Shopping per Hotel per Motel per Properties Walk Up per Unit Unit Properties Office per sqft sqft suite suite

North 1329 $ 1636 $ North 301 $ 335 $ 1417 $ 1270 $

Eastern 1561 $ 2091 $ Eastern 318 $ 399 $ 1902 $ 1420 $

Southwest 1377 $ 1771 $ Southwest 297 $ 333 $ 1521 $ 1296 $

SimcoeMuskDuff 1026 $ 1615 $ SimcoeMuskDuff 278 $ 328 $ 1848 $ 1094 $

NiagaraHamilton 1618 $ 1752 $ NiagaraHamilton 280 $ 387 $ 1870 $ 1117 $

GTA 1401 $ 1544 $ GTA 341 $ 421 $ 1417 $ 1208 $

Survey Average 1382 $ 1715 $ Survey Average 304 $ 363 $ 1602 $ 1240 $

Survey Median 1365 $ 1744 $ Survey Median 305 $ 374 $ 1467 $ 1208 $

Executive Summary 12

Municipal Study 2018

SECTION 8 Comparison of WaterSewer Costs

The establishment of water and sewer rates is a municipal responsibility and the absence of standard procedures across Ontario has resulted in the evolution of a great variety of rate structure formats There was considerable diversity across the survey in terms of the costs of watersewer and how services are

charged

Residential Commercial Industrial Industrial Industrial

Volume 200 m3

10000 m3 30000 m3

100000 m3 500000 m3

Meter Size 58 2 3 4 6

Average 1074 $ 36054 $ 102824 $ 334031 $ $ 1647471

Median 1038 $ 33087 $ 96928 $ 313040 $ $ 1541796

Min 463 $ 9626 $ 22026 $ 89898 $ 370994 $

Max 2090 $ 86527 $ 186000 $ 620000 $ $ 3100000

SECTION 9 Property Taxes and WaterWastewater as a of Income

A comparison was made of relative property tax burdens and watersewer costs on comparable properties

against the median household incomes The report also calculates the total municipal tax burden as a percentage of income available on an average household

Total Municipal Burden as a of Household Income

GTA 45

Southwest 48

North 49

NiagaraHamilton 51

SimcoeMuskDuff 54

Eastern 55

SECTION 10 Economic Development Programs

Business Retention amp Expansion Programs

DowntownArea Specific Programs

Brownfield Redevelopment

Executive Summary 13

Municipal Study 2018

IntroductionmdashMunicipal Study 2018

1

Municipal Study 2018

Introduction

For the past seventeen years BMA Management Consulting Inc has annually completed a municipal comparative study on behalf of participating Ontario municipalities This report brings together a group of indicators to give an overall snapshot for each municipality The analysis was completed using the most

recent information available as provided by the participating municipalities including

2018 current value assessment

2018 tax policies

2018 levy by‐laws

2018 development charges

2018 watersewer rates

2017 FIRs (as available)

2018 user fees

Economic development programs

To facilitate the analysis given the significant volume of information included in the report the

information is also accessible through BMArsquos online password protected database This provides the

participating municipalities with the ability to select only those municipalities that are of interest and to focus on specific areas of interest The database also provides the ability to analyze trends with data available over a five year period The database can be accessed from the BMA website wwwbmaconsultcom This information can be downloaded from the website into Excel to allow municipalities the ability to track their progress over time and to focus their analysis on specific comparators which can be incorporated into reports and presentations

For more information please feel free to contact

BMA Management Consulting Inc

139 Markland St Hamilton L8P 2K3

Phone (905) 528‐3206

Fax (905) 528‐3210

bmaonaibncom

Contacts Jim Bruzzese or Catherine Minshull

Introduction 2

Municipal Study 2018

Municipal Study Database

Introduction 3

Municipal Study 2018

Why Participate in a Study

The study identifies key financial and economic indicators and factors that should be

considered as part of a comprehensive evaluation of a municipalityrsquos financial condition

Use of the study over a number of years provides trends to allow decision makers to

monitor selected indicators over time Trend analysis helps to provide interpretative context Additional context can come from comparing a municipalityrsquos own experience with the experience of other municipalities While the study includes 108 municipalities it is recommended that the users take advantage of the online database to focus on

similar municipalities

Many of the analytical techniques included in the report are consistent with approaches used by credit

rating agencies and are also used by the International CityCounty Management Association (ICMA) The information contained in this report can help local municipalities analyze and interpret financial economic

and demographic trends Trend analysis is critical to truly understand and evaluate a municipalityrsquos financial condition and to provide early warning signals of potential or emerging financial problems

It is anticipated that the consolidation of the financial and economic indicators contained in the Municipal

Study will achieve the following goals and objectives

To help municipal decision‐makers in assessing market conditions

To understand the unique characteristics of each municipality

To understand the relationship between various controllable and uncontrollable factors in addressing a municipalityrsquos competitive opportunities and challenges

To develop a database of material that can be updated in future years to assess progress and establish targets

To create awareness of the trends and the potential need to modify policies

To assist in aligning municipal decisions in property taxation with other economic development

programs and initiatives

To assist municipalities in developing a long‐term strategy for property taxation to achieve municipal competitive objectives in targeted property classes

To create a baseline source of information that will assist municipalities in addressing specific areas of concern and to gain a better understanding of how other municipalities have addressed similar concerns

To understand the impact of reassessment and growth

To identify areas that may require further review (eg service levels user fees service delivery)

Introduction 4

Municipal Study 2018

Municipalities Represented in the Study

The following summarizes the municipalities by population range

Populations 15000 or less

Populations 15000 ndash 29999

Populations 30000 ndash 99999

Populations gt100000

Bancroft

Brock

Brockton

Central Elgin

Elliot Lake

Erin

Espanola

Gravenhurst

Greenstone

Grey Highlands

Guelph‐Eramosa

Ingersoll

Kincardine

Lambton Shores

Mapleton

Meaford

Minto

North Dumfries

North Middlesex

North Perth

North Stormont

Parry Sound

Penetanguishene

Puslinch

Saugeen Shores

St Marys

Tay

Tiny

Wainfleet

Wellesley

Wellington North

Bracebridge

Brockville

Centre Wellington

Collingwood

East Gwillimbury

Grimsby

Huntsville

Kenora

King

Lincoln

Middlesex Centre

Midland

Niagara‐on‐the‐Lake

Owen Sound

Pelham

Port Colborne

Prince Edward County

Springwater

Strathroy‐Caradoc

Thorold

Tillsonburg

West Lincoln

Wilmot

Woolwich

Barrie

Brampton

Brantford

Burlington

Cambridge

Chatham‐Kent

Durham Region

Greater Sudbury

Guelph

Halton Region

Hamilton

Kingston

Kitchener

London

Markham

Milton

Mississauga

Niagara Region

Oakville

Oshawa

Ottawa

Peel Region

Richmond Hill

Simcoe County

St Catharines

Thunder Bay

Toronto

Vaughan

Waterloo Region

Waterloo

Whitby

Windsor

York Region

Aurora

Belleville

Brant

Bruce County

Caledon

Clarington

Cornwall

Fort Erie

Georgina

Grey County

Haldimand

Halton Hills

Innisfil

Muskoka District

Newmarket

Niagara Falls

Norfolk

North Bay

Orangeville

Orillia

Peterborough

Pickering

Quinte West

Sarnia

Sault Ste Marie

St Thomas

Stratford

Timmins

Welland

Wellington County

Whitchurch‐Stouffville

Introduction 5

Municipal Study 2018

Socio‐Economic Indicators

Socio Economic Indicators 6

Municipal Study 2018

Socio‐Economic Indicators

A complete assessment of local governmentrsquos financial condition should include socio‐economic factors

Socio‐economic indicators describe and quantify a municipalityrsquos wealth and economic conditions and

provide insight into a municipalityrsquos collective ability to generate revenue relative to the municipalitys demand for public services An examination of local economic and demographic characteristics can identify the following situations

A decline in the tax base as measured by population property value employment or business activity

A need to shift public service priorities because demographic changes in the municipality

A need to shift public policies because of changes in economic conditions

An evaluation of socio‐economic factors contributes to the development of sound financial policies The

Socio‐Economic Factors section of the report includes the following information to assist municipalities in understanding some basic facts about each municipality included in the study

Population Statistics (2006‐2018)

Note Manifold Data Mining estimates for 2018 includes the undercount normally 3‐5 of population

Age Demographics

Average Household Income

Land Area and Density

Labour Statistics

Assessment Per Capita

Change in Unweighted Assessment (2013‐2018)

Assessment Composition By Class

Consolidated Unweighted and Weighted Assessment (Residential vs Non‐Residential)

Shift in Tax BurdenmdashUnweighted to Weighted Residential Assessment

Residential Properties by Type

Building Construction Activity (Residential Non‐Residential)

Socio Economic Indicators 7

Municipal Study 2018

Population Statistics 2006‐2018 (sorted highest to lowest population)

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Ottawa 812129 883391 934243 993556 88 58

Toronto 2503281 2615060 2731571 2890660 45 45

Brampton 433806 523911 593638 648883 208 133

Mississauga 668549 713443 721599 772000 67 11

London 352395 366151 383822 406751 39 48

Hamilton 504559 519949 536917 565591 31 33

Vaughan 238866 288301 306233 334499 207 62

Markham 261573 301709 328966 354135 153 90

Windsor 216473 210891 217188 228533 ‐26 30

Kitchener 204668 219153 233222 248635 71 64

Oakville 165613 182520 193832 206478 102 62

Richmond Hill 162704 185541 195022 206889 140 51

Oshawa 141590 149607 159458 170096 57 66

Burlington 164415 175779 183314 193853 69 43

Barrie 128430 135711 141434 149374 57 42

Greater Sudbury 157857 160274 161531 168518 15 08

St Catharines 131989 131400 133113 139152 ‐04 13

Guelph 114943 121688 131794 141485 59 83

Whitby 111184 122022 128377 136235 97 52

Cambridge 120371 126748 129920 136454 53 25

Milton 53889 84362 110128 119498 565 305

Kingston 117207 123363 123798 128937 53 04

Waterloo 97475 98780 104986 111868 13 63

Thunder Bay 109140 108359 107909 112042 ‐07 ‐04

Chatham‐Kent 108177 103671 101647 104889 ‐42 ‐20

Brantford 90192 93650 97496 103036 38 41

Pickering 87838 88721 91771 96747 10 34

Clarington 77820 84548 92013 98976 86 88

Niagara Falls 82184 82997 88071 93786 10 61

Newmarket 74295 79978 84224 89420 76 53

Peterborough 74898 78698 81032 85227 51 30

Sault Ste Marie 74948 75141 73368 75584 03 ‐24

Socio Economic Indicators 8

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod)

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Caledon 57050 59460 66502 72326 42 118

Sarnia 71419 72366 71594 74143 13 ‐11

Halton Hills 55289 59008 61161 64522 67 36

Norfolk 62563 63175 64044 66969 10 14

Welland 50331 50631 52293 55088 06 33

Aurora 47629 53203 55445 58618 117 42

North Bay 53966 53651 51553 52773 ‐06 ‐39

Bellevil le 48821 49454 50716 53277 13 26

Cornwall 45965 46340 46589 48556 08 05

Whitchurch‐Stouffvil le 24390 37628 45837 51571 543 218

Haldimand 45212 44876 45608 47738 ‐07 16

Georgina 42346 43517 45418 48045 28 44

Timmins 42997 43165 41788 42904 04 ‐32

Quinte West 42697 43086 43577 45533 09 11

Innisfi l 31175 33079 36566 39745 61 105

St Thomas 36110 37905 38909 40889 50 26

Stratford 30461 30886 31465 32959 14 19

Brant 34415 35638 36707 38626 36 30

Fort Erie 29925 29960 30710 32254 01 25

Orill ia 30259 30586 31166 32656 11 19

Centre Wellington 26049 26693 28191 29963 25 56

Orangevil le 26925 27975 28900 30450 39 33

King 19487 19899 24512 27703 21 232

Grimsby 23937 25325 27314 29274 58 79

East Gwill imbury 21069 22473 23991 25610 67 68

Woolwich 19658 23145 25006 26819 177 80

Lincoln 21722 22487 23787 25297 35 58

Prince Edward County 25496 25258 24735 25512 ‐09 ‐21

Collingwood 17290 19241 21793 23815 113 133

Owen Sound 21753 21688 21341 22053 ‐03 ‐16

Brockvil le 21957 21870 21346 21987 ‐04 ‐24

Wilmot 17097 19223 20545 21939 124 69

Socio Economic Indicators 9

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod)

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Huntsvil le 18280 19056 19816 20931 42 40

Strathroy‐Caradoc 19977 20978 20867 21656 50 ‐05

Thorold 18224 17931 18801 19925 ‐16 49

Springwater 17456 18223 19059 20178 44 46

Port Colborne 18599 18424 18306 18990 ‐09 ‐06

Niagara‐on‐the‐Lake 14587 15400 17511 19166 56 137

Pelham 16155 16598 17110 18010 27 31

Middlesex Centre 15589 16487 17262 18283 58 47

Bracebridge 15652 15409 16010 16903 ‐16 39

Midland 16330 16572 16864 17661 15 18

Kenora 15177 15348 15096 15597 11 ‐16

Tillsonburg 14822 15301 15872 16749 32 37

Saugeen Shores 11720 12661 13715 14724 80 83

West Lincoln 13167 13837 14500 15363 51 48

Guelph‐Eramosa 12066 13458 12854 13569 115 ‐45

North Perth 12254 12631 13130 13867 31 40

Gravenhurst 11046 11640 12311 13094 54 58

Ingersoll 11760 12146 12757 13529 33 50

Wellington North 11175 11477 11914 12576 27 38

Central Elgin 12723 12743 12607 13056 02 ‐11

Brock 11979 11341 11642 12234 ‐53 27

Tiny 10754 11232 11787 12495 44 49

Wellesley 9789 10713 11260 11944 94 51

Erin 11148 10770 11439 12185 ‐34 62

Meaford 10948 11100 10991 11386 14 ‐10

Kincardine 11173 11174 11389 11935 00 19

Lambton Shores 11150 10656 10631 11049 ‐44 ‐02

Mapleton 9851 9989 10527 11179 14 54

North Dumfries 9063 9334 10215 11012 30 94

Elliot Lake 11549 11348 10741 10930 ‐17 ‐53

Tay 9748 9736 10033 10560 ‐01 31

Grey Highlands 9480 9520 9804 10316 04 30

Socio Economic Indicators 10

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod )

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Brockton 9641 9432 9461 9852 ‐22 03

Penetanguishene 9354 9111 8962 9260 ‐26 ‐16

Minto 8504 8334 8671 9161 ‐20 40

St Marys 6617 6655 7265 7823 06 92

Puslinch 6689 7029 7336 7760 51 44

North Stormont 6769 6775 6873 7189 01 14

Parry Sound 5818 6191 6408 6756 64 35

Wainfleet 6601 6356 6372 6633 ‐37 03

North Middlesex 6740 6658 6352 6484 ‐12 ‐46

Espanola 5314 5364 4996 5051 09 ‐69

Greenstone 4906 4724 4636 4786 ‐37 ‐19

Bancroft 3838 3880 3881 4037 11 00

Survey Total 10293100 10942150 11468780 12177245 63 48

Provincial Total 12851821 13366300 13792052 14125923 40 32

Socio Economic Indicators 11

Municipal Study 2018

Population Statistics (sorted highest to lowest population) (contrsquod )

Municipality 2006 2011 2016 2018 Stats

Canada Stats

Canada Stats Canada

Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Peel Region 1159405 1296814 1381739 1493209 119 65

York Region 892712 1032249 1109909 1188226 156 75

Durham Region 561258 608124 645862 688082 84 62

Halton Region 439256 501669 548435 584351 142 93

Waterloo Region 478121 507096 535154 568671 61 55

Niagara Region 427421 431346 447888 472938 09 38

Simcoe County 263515 279766 307050 315744 62 98

Wellington County 85482 86672 90932 96393 14 49

Bruce County 60310 60264 68147 71733 ‐01 131

Muskoka District 57563 58047 60599 64144 08 44

Grey County 89073 92568 93830 NA 39 14

Summary of Population Change by Geographic Area

The following table summarizes the average population change in percentage each of the geographic areas

2006‐2011 2011‐2016

10

8

6

4

2

0

‐2

Socio Economic Indicators 12

Municipal Study 2018

GTA Municipalitiesmdash change in population 2006‐2018

1 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006 2011

Change 2011 2016

Mississauga 668549 713443 721599 772000 67 11

Brock 11979 11341 11642 12234 ‐53 27

Pickering 87838 88721 91771 96747 10 34

Halton Hills 55289 59008 61161 64522 67 36

Aurora 47629 53203 55445 58618 117 42

Burlington 164415 175779 183314 193853 69 43

Georgina 42346 43517 45418 48045 28 44

Toronto 2503281 2615060 2731571 2890660 45 45

Richmond Hill 162704 185541 195022 206889 140 51

Whitby 111184 122022 128377 136235 97 52

Newmarket 74295 79978 84224 89420 76 53

Oakville 165613 182520 193832 206478 102 62

Vaughan 238866 288301 306233 334499 207 62

Oshawa 141590 149607 159458 170096 57 66

East Gwillimbury 21069 22473 23991 25610 67 68

Clarington 77820 84548 92013 98976 86 88

Markham 261573 301709 328966 354135 153 90

Caledon 57050 59460 66502 72326 42 118

Brampton 433806 523911 593638 648883 208 133

Whitchurch‐Stouffville 24390 37628 45837 51571 543 218

King 19487 19899 24512 27703 21 232

GTA Average 5424662 5902031 6254654 6678998 88 60

Survey Total 10293100 10942150 11468780 12177245 63 48

Milton 53889 84362 110128 119498 565 305

Socio Economic Indicators 13

Municipal Study 2018

Southwestmdash change in population 2006‐2018 5 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006 2011

Change 2011 2016

North Middlesex 6740 6658 6352 6484 ‐12 ‐46

Guelph‐Eramosa 12066 13458 12854 13569 115 ‐45

Chatham‐Kent 108177 103671 101647 104889 ‐42 ‐20

Owen Sound 21753 21688 21341 22053 ‐03 ‐16

Sarnia 71419 72366 71594 74143 13 ‐11

Central Elgin 12723 12743 12607 13056 02 ‐11

Meaford 10948 11100 10991 11386 14 ‐10

Strathroy‐Caradoc 19977 20978 20867 21656 50 ‐05

Lambton Shores 11150 10656 10631 11049 ‐44 ‐02

Brockton 9641 9432 9461 9852 ‐22 03

Norfolk 62563 63175 64044 66969 10 14

Haldimand 45212 44876 45608 47738 ‐07 16

Stratford 30461 30886 31465 32959 14 19

Kincardine 11173 11174 11389 11935 00 19

St Thomas 36110 37905 38909 40889 50 26

Cambridge 120371 126748 129920 136454 53 25

Windsor 216473 210891 217188 228533 ‐26 30

Grey Highlands 9480 9520 9804 10316 04 30

Brant 34415 35638 36707 38626 36 30

Tillsonburg 14822 15301 15872 16749 32 37

North Perth 12254 12631 13130 13867 31 40

Wellington North 11175 11477 11914 12576 27 38

Minto 8504 8334 8671 9161 ‐20 40

Brantford 90192 93650 97496 103036 38 41

Puslinch 6689 7029 7336 7760 51 44

Middlesex Centre 15589 16487 17262 18283 58 47

London 352395 366151 383822 406751 39 48

Ingersoll 11760 12146 12757 13529 33 50

Mapleton 9851 9989 10527 11179 14 54

Wellesley 9789 10713 11260 11944 94 51

Erin 11148 10770 11439 12185 ‐34 62

Centre Wellington 26049 26693 28191 29963 25 56

Waterloo 97475 98780 104986 111868 13 63

Kitchener 204668 219153 233222 248635 71 64

Wilmot 17097 19223 20545 21939 124 69

Woolwich 19658 23145 25006 26819 177 80

Guelph 114943 121688 131794 141485 59 83

Saugeen Shores 11720 12661 13715 14724 80 83

St Marys 6617 6655 7265 7823 06 92

North Dumfries 9063 9334 10215 11012 30 94

Southwest Average 1912310 1965573 2039804 2153844 28 38

Survey Total 10293100 10942150 11468780 12168981 63 48

Socio Economic Indicators 14

Municipal Study 2018

Easternmdash change in population 2006‐2018

3 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Brockville 21957 21870 21346 21987 ‐04 ‐24

Prince Edward County 25496 25258 24735 25512 ‐09 ‐21

Bancroft 3838 3880 3881 4037 11 00

Kingston 117207 123363 123798 128937 53 04

Cornwall 45965 46340 46589 48556 08 05

Quinte West 42697 43086 43577 45533 09 11

North Stormont 6769 6775 6873 7189 01 14

Belleville 48821 49454 50716 53277 13 26

Peterborough 74898 78698 81032 85227 51 30

Ottawa 812129 883391 934243 993556 88 58

Eastern Average 1199777 1282115 1336790 1413811 69 43

Survey Total 10293100 10942150 11468780 12168981 63 48

NiagaraHamiltonmdash change in population 2006‐2018

2 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Port Colborne 18599 18424 18306 18990 ‐09 ‐06

Wainfleet 6601 6356 6372 6633 ‐37 03

St Catharines 131989 131400 133113 139152 ‐04 13

Fort Erie 29925 29960 30710 32254 01 25

Pelham 16155 16598 17110 18010 27 31

Hamilton 504559 519949 536917 565591 31 33

Welland 50331 50631 52293 55088 06 33

West Lincoln 13167 13837 14500 15363 51 48

Thorold 18224 17931 18801 19925 ‐16 49

Lincoln 21722 22487 23787 25297 35 58

Niagara Falls 82184 82997 88071 93786 10 61

Grimsby 23937 25325 27314 29274 58 79

Niagara‐on‐the‐Lake 14587 15400 17511 19166 56 137

Change 2006‐2011

Change 2011‐2016

NiagaraHamilton Average 931980 951295 984805 1038529 21 35

Survey Total 10293100 10942150 11468780 12168981 63 48

Socio Economic Indicators 15

Municipal Study 2018

Northmdash change in population 2006‐2018

4 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Change 2006‐2011

Change 2011‐2016

Espanola 5314 5364 4996 5051 09 ‐69

Elliot Lake 11549 11348 10741 10930 ‐17 ‐53

North Bay 53966 53651 51553 52773 ‐06 ‐39

Timmins 42997 43165 41788 42904 04 ‐32

Sault Ste Marie 74948 75141 73368 75584 03 ‐24

Greenstone 4906 4724 4636 4786 ‐37 ‐19

Kenora 15177 15348 15096 15597 11 ‐16

Thunder Bay 109140 108359 107909 112042 ‐07 ‐04

Greater Sudbury 157857 160274 161531 168518 15 08

Parry Sound 5818 6191 6408 6756 64 35

North Average 481672 483565 478026 494941 04 ‐11

Survey Total 10293100 10942150 11468780 12168981 63 48

SimcoeMuskokaDufferinmdash change in population 2006‐2018

6 2006 2011 2016 2018

Municipality Stats Canada Stats Canada Stats Canada Manifold Data Mining

Penetanguishene 9354 9111 8962 9260 ‐26 ‐16

Midland 16330 16572 16864 17661 15 18

Orillia 30259 30586 31166 32656 11 19

Tay 9748 9736 10033 10560 ‐01 31

Orangeville 26925 27975 28900 30450 39 33

Bracebridge 15652 15409 16010 16903 ‐16 39

Huntsville 18280 19056 19816 20931 42 40

Barrie 128430 135711 141434 149374 57 42

Springwater 17456 18223 19059 20178 44 46

Tiny 10754 11232 11787 12495 44 49

Gravenhurst 11046 11640 12311 13094 54 58

Innisfil 31175 33079 36566 39745 61 105

Collingwood 17290 19241 21793 23815 113 133

Change 2006‐2011

Change 2011‐2016

SimcoeMuskDuff Avg 342699 357571 374701 397122 43 48

Survey Total 10293100 10942150 11468780 12168981 63 48

Socio Economic Indicators 16

Municipal Study 2018

Population of Ontario Regions 2017 and 2041

The Ministry of Finance produces an updated set of population projections every year to provide a demographic outlook reflecting the most up‐to‐date trends and historical data

Ontariorsquos population is projected to grow by 302 or almost 43 million over the next 24 years from

an estimated 142 million on July 1 2017 to almost 185 million by July 1 2041

The annual rate of growth of Ontariorsquos population is projected to ease gradually from 18 to 09

over the projection period

Net migration is projected to account for 76 of all population growth in the province over the 2017ndash 2041 period with natural increase accounting for the remaining 24 In the second half of the projections the contribution of natural increase moderates as baby boomers increasingly reach senior

years and the number of deaths increases more rapidly

The number of children aged 0ndash14 is projected to increase gradually over the projection period from 22 million in 2017 to 27 million by 2041 The childrenrsquos share of population is projected to decrease gradually from 157 in 2017 to 148 by 2041

The Greater Toronto Area (GTA) is projected to be the fastest growing region of the province with its population increasing by 28 million or 408 to reach almost 97 million by 2041 The GTArsquos share of provincial population is projected to rise from 483 in 2017 to 523 in 2041

Socio Economic Indicators 17

Municipal Study 2018

Age Demographics

The age profile of a population may affect municipal expenditures For example expenditures may be

affected by seniors requiring higher public service costs and families with young children demanding

services for recreational and related programs

By 2041 there will be more people in every age group in Ontario compared to 2017 with a sharp increase in the number of seniors Baby boomers will have swelled the ranks of seniors children of the baby boom echo generation will be of school‐age and the baby boom echo cohorts along with a new generation of immigrants will have bolstered the population aged 15ndash64

The number of seniors aged 65 and over is projected to almost double from about 24 million or 167 of population in 2017 to almost 46 million or 248 by 2041 In 2015 for the first time seniors accounted for a larger share of population than children aged 0ndash14

The number of Ontarians aged 15ndash64 is projected to increase from 96 million in 2017 to 112 million by 2041 This age group is projected to decline as a share of total population from 676 in 2017 to 604 by 2041 As baby boomers continue to turn age 65 the growth in population aged 15ndash64 slows until 2027ndash28 and then accelerates over the remainder of the projection

The median age of Ontariorsquos population is projected to rise from 41 years in 2017 to 44 years in 2041 The median age for women climbs from 42 to 45 years over the projection period while for men it is projected to increase from 40 to 43 years

All regions see a shift to an older age structure The GTA is expected to remain the region with the youngest age structure as a result of strong international migration and positive natural increase

Socio Economic Indicators 18

‐ ‐

Municipal Study 2018

Age Demographics 2016 Stats Canada

Municipality 0 19 20‐44 45 64 65+ Municipality 0 19 20‐44 45‐64 65+

Bancroft 18 22 29 31 Aurora 25 30 32 13

Belleville 21 29 28 21 Brampton 27 36 25 11

Brockville 18 26 30 26 Brock 22 27 31 21

Cornwall 21 28 28 23 Burlington 23 30 28 19

Kingston 20 33 27 19 Caledon 26 29 31 13

North Stormont 24 30 31 14 Clarington 25 33 28 14

Ottawa 23 34 28 15 East Gwillimbury 23 30 32 15 Peterborough 20 31 26 22 Georgina 23 31 32 15 Prince Edward County 16 21 33 30 Halton Hills 26 29 31 13 Quinte West 22 28 30 19 King 25 29 31 15

Eastern Avg 20 28 29 22 Markham 23 32 29 15

Provincial Average 22 32 28 17 Milton 32 37 22 9

Mississauga 24 33 29 14

Newmarket

Oakville

25

27

31

29

31

30

14

15 Fort Erie 19 24 33 24

Oshawa 22 32 29 17 Grimsby 23 29 29 19

Pickering 23 31 31 15 Hamilton 22 32 28 17

Richmond Hill 24 31 31 15 Lincoln 23 27 28 21

Toronto 20 38 27 16 Niagara Falls 21 29 30 20

Vaughan 26 32 28 14 Niagara‐on‐the‐Lake 16 21 32 31

Whitby 27 32 29 13 Pelham 21 23 32 24

Whitchurch‐Stouffville 26 32 26 16 Port Colborne 19 25 32 25

St Catharines 20 31 28 22 GTA Avg 25 31 29 15

Thorold 22 33 29 16 Provincial Average 22 32 28 17

Wainfleet 22 25 34 18

Municipality 0 19 20‐44 45‐64 65+

Welland 20 29 29 21

West Lincoln 27 29 29 15

NiagaraHamilton Avg 21 27 30 21

Provincial Average 22 32 28 17

SourcemdashStats Canada Census 2016

Socio Economic Indicators 19

Elliot Lake 14 18 30 38

Espanola 19 27 32 22

Greater Sudbury 21 31 29 18

Greenstone 22 27 33 18

Kenora 21 29 31 19

North Bay 21 31 29 20

Parry Sound 18 26 29 27

Sault Ste Marie 19 28 30 22

Thunder Bay 20 31 29 20

Timmins 23 31 30 15

North Avg 20 28 30 22

Provincial Average 22 32 28 17

Municipal Study 2018

Age Demographics (contrsquod)

Municipality 0 19 20‐44 45‐64 65+

Municipality 0‐19 20‐44 45‐64 65+

Barrie 25 34 27 14

Bracebridge 19 25 31 25

Collingwood 19 26 28 26

Gravenhurst 16 24 33 28

Huntsville 20 27 32 22

Innisfil 24 30 31 15

Midland 19 26 31 25

Orangeville 26 33 27 14

Orillia 19 29 28 24

Penetanguishene 18 26 32 24

Springwater 25 28 33 15

Tay 19 26 34 21

Tiny 17 22 35 26

SimcoeMuskDuff Avg 20 27 31 21

Provincial Average 22 32 28 17

Municipality 0‐19 20‐44 45‐64 65+

Brant 23 27 31 19

Brantford 24 31 28 17

Brockton 22 26 30 21

Cambridge 25 33 28 15

Central Elgin 22 25 34 20

Centre Wellington 24 27 29 20

Chatham‐Kent 22 27 30 21

Erin 23 25 37 15

Grey Highlands 22 25 31 22

Guelph 23 36 26 15

Guelph‐Eramosa 23 26 33 17

Haldimand 23 27 31 18

Ingersoll 25 30 29 16

Kincardine 21 27 30 22

Kitchener 23 36 27 14

Lambton Shores 16 21 33 29

London 22 34 27 17

Mapleton 36 30 24 10

Meaford 18 22 32 28

Middlesex Centre 26 26 30 17

Minto 24 27 28 20

Norfolk 21 26 31 22

North Dumfries 26 28 31 14

North Middlesex 25 27 29 19

North Perth 27 30 25 18

Owen Sound 20 27 28 25

Puslinch 21 23 35 22

Sarnia 20 29 29 22

Saugeen Shores 19 27 30 24

St Marys 22 28 27 23

St Thomas 23 29 28 19

Stratford 21 29 30 21

Strathroy‐Caradoc 23 28 29 20

Tillsonburg 20 26 26 28

Waterloo 23 36 27 14

Wellesley 35 29 25 12

Wellington North 25 27 28 21

Wilmot 26 29 27 19

Windsor 22 32 28 18

Woolwich 28 30 26 17

Southwest Avg 23 28 29 19

Provincial Average 22 32 28 17 SourcemdashStats Canada Census 2016

Socio Economic Indicators 20

Municipal Study 2018

2018 Estimated Average Household Income Household income is one measure of a communityrsquos ability to pay for services While a higher relative household income is a positive indicator of the overall local economy it may lead to a greater expectation for quality programs and additional challenges in balancing desired levels of service with a willingness to pay for programs and services

Municipality

Elliot Lake $ 62158

Bancroft $ 65292

Owen Sound $ 70778

Midland $ 72919

Windsor $ 74671

Orillia $ 74970

Chatham‐Kent $ 77014

Belleville $ 77388

Niagara Falls $ 79768

Wellington North $ 80639

Fort Erie $ 81046

Quinte West $ 82770

Minto $ 83431

Tay $ 83731

Gravenhurst $ 83879

Espanola $ 84143

Greenstone $ 86104

Cornwall 62750 $

Parry Sound 67600 $

Brockville 71084 $

Welland 73910 $

St Thomas 74793 $

Port Colborne 76517 $

Tillsonburg 77240 $

Peterborough 79479 $

St Catharines 80012 $

Brantford 80735 $

North Bay 82320 $

Sault Ste Marie 82955 $

Thorold 83547 $

Penetanguishene 83774 $

Stratford 84065 $

Norfolk 84393 $

London 86126 $

Thunder Bay $ 87350

Municipality Municipality

St Marys $ 88756

Lambton Shores $ 88976

Oshawa $ 90192

North Perth $ 90553

North Stormont $ 91502

Brockton $ 92228

Prince Edward County $ 92682

Hamilton $ 93423

North Middlesex $ 94212

Kenora $ 96224

Haldimand $ 96891

Greater Sudbury $ 97604

Georgina $ 98312

Tiny $ 100784

Brampton $ 102663

Wainfleet $ 103485

Mapleton $ 107206

West Lincoln $ 107846

Strathroy‐Caradoc 88913 $

Collingwood 89612 $

Ingersoll 90487 $

Kitchener 90901 $

Kingston 91580 $

Bracebridge 92397 $

Brock 92943 $

Huntsville 94047 $

Sarnia 94588 $

Timmins 96423 $

Barrie 97290 $

Cambridge 97643 $

Guelph 100108 $

Orangeville 101444 $

Grey Highlands 102808 $

Centre Wellington 106318 $

Innisfil 107643 $

Mississauga $ 109999

Ottawa $ 111599

Lincoln $ 113606

Clarington $ 116511

Markham $ 118152

Wilmot $ 120075

Richmond Hill $ 121671

Newmarket $ 123590

Burlington $ 125873

Wellesley $ 127485

Milton $ 128664

North Dumfries $ 133048

Halton Hills $ 136293

Springwater $ 139363

Middlesex Centre $ 141189

Erin $ 142361

Aurora $ 155457

Oakville $ 179132

Central Elgin 110954 $

Brant 111853 $

Waterloo 114438 $

Grimsby 116929 $

Niagara‐on‐the‐Lake 118156 $

Saugeen Shores 120585 $

Kincardine 122567 $

Pickering 124559 $

Pelham 126655 $

Woolwich 128111 $

Whitby 128665 $

East Gwillimbury 135968 $

Guelph‐Eramosa 136490 $

Vaughan 139474 $

Whitchurch‐Stouffville 142060 $

Caledon 145664 $

Puslinch 179036 $

Meaford 87359 $ Toronto 107968 $ King 187349 $

Average $ 102194

SourcemdashManifold Data Mining Median 95406 $

Socio Economic Indicators 21

Municipal Study 2018

2018 Average Household Income by Geographic Location

The following table provides the estimated average household income in 2018 for each of the

municipalities SourcemdashManifold Data Mining summarized by geographic area

3

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Cornwall $ 62750 low

Bancroft $ 65292 low

Brockvil le $ 71084 low

Bellevil le $ 77388 low

Peterborough $ 79479 low

Quinte West $ 82770 low

North Stormont $ 91502 mid

Kingston $ 91580 mid

Prince Edward County $ 92682 mid

Ottawa $ 111599

Eastern Avg $ 82613

high

6

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Midland $ 72919 low

Orill ia $ 74970 low

Tay $ 83731 low

Penetanguishene $ 83774 low

Gravenhurst $ 83879 low

Collingwood $ 89612 mid

Bracebridge $ 92397 mid

Huntsvil le $ 94047 mid

Barrie $ 97290 mid

Tiny $ 100784 mid

Orangevil le $ 101444 mid

Innisfi l $ 107643 mid

Springwater $ 139363

SimcoeMuskDuff Avg $ 93989

high

1

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Oshawa

Brock

Georgina

Brampton

Toronto

Mississauga

Clarington

Markham

Richmond Hill

Newmarket

Pickering

Burlington

Milton

Whitby

East Gwill imbury

Halton Hills

Vaughan

Whitchurch‐Stouffvil le

Caledon

Aurora

Oakville

King

90192 $

92943 $

98312 $

102663 $

107968 $

109999 $

116511 $

118152 $

121671 $

123590 $

124559 $

125873 $

128664 $

128665 $

135968 $

136293 $

139474 $

142060 $

145664 $

155457 $

179132 $

187349 $

mid

mid

mid

mid

mid

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

GTA Avg 127780 $

Socio Economic Indicators 22

Municipal Study 2018

Average Household Income by Geographic Location (contrsquod)

2

Municipality

2018 Income Ranking

2018 Est Avg

Household Income

5

Municipality

2018

Income Ranking

2018 Est Avg

Household Income

low Welland $ 73910

low Port Colborne $ 76517

low Niagara Falls $ 79768

low St Catharines $ 80012

low Fort Erie $ 81046

low Thorold $ 83547

mid Hamilton $ 93423

mid Wainfleet $ 103485

mid West Lincoln $ 107846

Lincoln $ 113606

Grimsby $ 116929

Niagara‐on‐the‐Lake $ 118156

Pelham $ 126655

high

high

high

high

NiagaraHamilton Avg $ 96531

4

Municipality

2018 Est Avg

Household Income

2018 Income Ranking

Elliot Lake $ 62158 low

Parry Sound $ 67600 low

North Bay $ 82320 low

Sault Ste Marie $ 82955 low

Espanola $ 84143 low

Greenstone $ 86104 low

Thunder Bay $ 87350 low

Kenora $ 96224 mid

Timmins $ 96423 mid

Greater Sudbury $ 97604 mid

North Avg $ 84288

low Owen Sound $ 70778

low Windsor $ 74671

low St Thomas $ 74793

low Chatham‐Kent $ 77014

low Tillsonburg $ 77240

low Wellington North $ 80639

low Brantford $ 80735

low Minto $ 83431

low Stratford $ 84065

low Norfolk $ 84393

low London $ 86126

low Meaford $ 87359

mid St Marys $ 88756

mid Strathroy‐Caradoc $ 88913

mid Lambton Shores $ 88976

mid Ingersoll $ 90487

mid North Perth $ 90553

mid Kitchener $ 90901

mid Brockton $ 92228

mid North Middlesex $ 94212

mid Sarnia $ 94588

mid Haldimand $ 96891

mid Cambridge $ 97643

mid Guelph $ 100108

mid Grey Highlands $ 102808

mid Centre Wellington $ 106318

mid Mapleton $ 107206

Central Elgin $ 110954

Brant $ 111853

Waterloo $ 114438

Wilmot $ 120075

Saugeen Shores $ 120585

Kincardine $ 122567

Wellesley $ 127485

Woolwich $ 128111

North Dumfries $ 133048

Guelph‐Eramosa $ 136490

Middlesex Centre $ 141189

Erin $ 142361

Puslinch $ 179036

high

high

high

high

high

high

high

high

high

high

high

high

high

Southwest Avg $ 102001

Socio Economic Indicators 23

Municipal Study 2018

Summary 2018 Average Household Income by Geographic Location

GTA

Southwest

NiagaraHamilton

SimcoeMuskDuff

North

Eastern

Socio Economic Indicators 24

Municipal Study 2018

Land Area and Density

Population density indicates the number of residents living in an area (usually measured by square kilometre) Density readings can lend insight into the age of a city growth patterns zoning practices new development opportunities and the level of multi‐family unit housing High population density can also

indicate whether a municipality may be reaching build‐out as well as service and infrastructure needs such as additional public transit or street routes As stated by the Province of Ontario in their InfoSheet Planning for Intensification some of the benefits of intensification include

Using resources such as lands buildings and infrastructure more effectively

Protecting the natural environment and biodiversity by limiting urban expansion

Incorporating green features that offset and support new development

Creating active streets that promote healthier patterns of human activity

Creating economic opportunities

Reducing carbon footprint

Improving access to public transit

Enhancing community identity

Improving municipal fiscal performance

Socio Economic Indicators 25

Municipal Study 2018

Land Area and Density (sorted by population density)

Municipality Land Area

(Sq Km)

2018

Pop

Density Per Sq

Density Ranking Municipality

Land Area

(Sq Km)

2018

Pop

Density Per Sq

Density Ranking

Greenstone 2767 2 low Espanola 83 61 mid

North Middlesex 598 11 low Centre Wellington 408 74 mid

Grey Highlands 883 12 low Kenora 212 74 mid

North Stormont 516 14 low Tay 139 76 mid

Timmins 2979 14 low Strathroy‐Caradoc 271 80 mid

Ell iot Lake 715 15 low Woolwich 326 82 mid

Brockton 565 17 low King 333 83 mid

Bancroft 230 18 low Wilmot 264 83 mid

Meaford 589 19 low Saugeen Shores 171 86 mid

Mapleton 535 21 low Quinte West 494 92 mid

Kincardine 538 22 low East Gwill imbury 245 105 mid

Wellington North 526 24 low Caledon 688 105 mid

Prince Edward County 1050 24 low Pelham 126 142 mid

Gravenhurst 518 25 low Niagara‐on‐the‐Lake 133 144 mid

Bracebridge 628 27 low Innisfi l 263 151 mid

North Perth 493 28 low Lincoln 163 155 mid

Brock 423 29 low Port Colborne 122 156 mid

Huntsvil le 710 29 low Clarington 611 162 mid

Minto 301 30 low North Bay 319 165 mid

Wainfleet 217 31 low Georgina 288 167 mid

Middlesex Centre 588 31 low Fort Erie 166 194 mid

Lambton Shores 331 33 low Bellevil le 247 215 mid

Puslinch 215 36 low Halton Hills 276 234 mid

Tiny 337 37 low Thorold 83 240 mid

Springwater 536 38 low Whitchurch‐Stouffvil le 206 250 mid

Haldimand 1252 38 low Kingston 415 311 mid

West Lincoln 388 40 low Milton 363 329 mid

Erin 298 41 low Sault Ste Marie 223 339 mid

Norfolk 1608 42 low Thunder Bay 328 341 mid

Chatham‐Kent 2458 43 low Ottawa 2790 356 mid

Wellesley 278 43 low Penetanguishene 26 362 mid

Brant 843 46 low Pickering 232 418 mid

Guelph‐Eramosa 292 47 low Grimsby 69 425 mid

Central Elgin 280 47 low Niagara Falls 210 447 mid

Greater Sudbury 3228 52 low Sarnia 165 450 mid

North Dumfries 187 59 low Midland 35 500 mid

Socio Economic Indicators 26

Municipal Study 2018

Land Area and Density (sorted by population density) (contrsquod)

Municipality Land Area

(Sq Km)

2018

Pop

Density Per Sq

Density Ranking

Parry Sound 13 504

Hamilton 1117 506

St Marys 12 628

Welland 81 680

Collingwood 34 705

Til lsonburg 22 750

Cornwall 62 789

Owen Sound 24 909

Whitby 147 929

London 420 968

Burlington 186 1044

Brockvil le 21 1055

Ingersoll 13 1061

Oril l ia 29 1143

St Thomas 36 1148

Stratford 28 1165

Oshawa 146 1168

Aurora 50 1176

Vaughan 274 1193

Cambridge 113 1207

Peterborough 64 1326

Brantford 72 1422

St Catharines 96 1448

Oakvil le 139 1487

Barrie 99 1508

Windsor 146 1561

Guelph 87 1622

Markham 212 1668

Waterloo 64 1747

Kitchener 137 1818

Orangeville 16 1951

Richmond Hill 101 2046

Newmarket 38 2326

Brampton 266 2436

Mississauga 292 2640

Toronto 630 4587

Average 423 547

Median 255 164

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

Socio Economic Indicators 27

Municipal Study 2018

Land Area and Density by Geographic Location

3 2018

Population

Density Per Sq Km

Land Area (Sq Km)

Density Ranking

low North Stormont 516 14

low Bancroft 230 18

low Prince Edward County 1050 24

mid Quinte West 494 92

mid Bellevil le 247 215

mid Kingston 415 311

mid Ottawa 2790 356

Cornwall 62 789

Brockvil le 21 1055

Peterborough 64 1326

high

high

high

Eastern Avg 589 420

Median 331 263

2 Municipality

Land Area (Sq Km)

2018

Population

Density Per Sq Km

Density Ranking

low Wainfleet 217 31

low West Lincoln 388 40

mid Pelham 126 142

mid Niagara‐on‐the‐Lake 133 144

mid Lincoln 163 155

mid Port Colborne 122 156

mid Fort Erie 166 194

mid Thorold 83 240

mid Grimsby 69 425

mid Niagara Falls 210 447

Hamilton 1117 506

Welland 81 680

St Catharines 96 1448

high

high

high

NiagaraHamilton Avg 229 354

Median 133 194

1 Municipality

Land Area (Sq Km)

2018

Population

Density Per Sq Km

Density Ranking

low Brock 423 29

mid King 333 83

mid East Gwill imbury 245 105

mid Caledon 688 105

mid Clarington 611 162

mid Georgina 288 167

mid Halton Hills 276 234

mid Whitchurch‐Stouffvil le 206 250

mid Milton 363 329

mid Pickering 232 418

Whitby 147 929

Burlington 186 1044

Oshawa 146 1168

Aurora 50 1176

Vaughan 274 1193

Oakville 139 1487

Markham 212 1668

Richmond Hill 101 2046

Newmarket 38 2326

Brampton 266 2436

Mississauga 292 2640

Toronto 630 4587

high

high

high

high

high

high

high

high

high

high

high

high

GTA Avg 279 1117

Median 256 987

Socio Economic Indicators 28

Municipal Study 2018

Land Area and Density by Geographic Location (contrsquod)

4 Municipality

Land Area

(Sq Km)

2018

Population Density Per Sq Km

Density Ranking

5 Municipality

Land Area

(Sq Km)

2018

Population Density Per Sq Km

Density Ranking

low Greenstone 2767 2

low Timmins 2979 14

low Elliot Lake 715 15

low Greater Sudbury 3228 52

mid Espanola 83 61

mid Kenora 212 74

mid North Bay 319 165

mid Sault Ste Marie 223 339

mid Thunder Bay 328 341

Parry Sound 13 504 high

North Avg 1087 157

Median 324 67

6 Municipality

Density Ranking

Land Area (Sq Km)

2018

Population

Density Per Sq Km

low Gravenhurst 518 25

Bracebridge 628 27 low

low Huntsvil le 710 29

Tiny 337 37 low

low Springwater 536 38

Tay 139 76 mid

mid Innisfil 263 151

Penetanguishene 26 362 mid

mid Midland 35 500

Oril l ia 29 1143

Orangevil le 16 1951

Coll ingwood 34 705 high

high

Barrie 99 1508 high

high

SimcoeMuskDuff Avg 259 504

Median

GTA

SimcoeMuskDuff

Southwest

Eastern

NiagaraHamilton

North

139 151

Population Density Per Sq Km

0 200 400 600 800 1000 1200

low North Middlesex 598 11

low Grey Highlands 883 12

low Brockton 565 17

low Meaford 589 19

low Mapleton 535 21

low Kincardine 538 22

low Wellington North 526 24

low North Perth 493 28

low Minto 301 30

low Middlesex Centre 588 31

low Lambton Shores 331 33

low Puslinch 215 36

low Haldimand 1252 38

low Erin 298 41

low Norfolk 1608 42

low Chatham‐Kent 2458 43

low Wellesley 278 43

low Brant 843 46

low Guelph‐Eramosa 292 47

low Central Elgin 280 47

low North Dumfries 187 59

mid Centre Wellington 408 74

mid Strathroy‐Caradoc 271 80

mid Woolwich 326 82

mid Wilmot 264 83

mid Saugeen Shores 171 86

mid Sarnia 165 450

St Marys 12 628

Til lsonburg 22 750

Owen Sound 24 909

London 420 968

Ingersoll 13 1061

St Thomas 36 1148

Stratford 28 1165

Cambridge 113 1207

Brantford 72 1422

Windsor 146 1561

Guelph 87 1622

Waterloo 64 1747

Kitchener 137 1818

high

high

high

high

high

high

high

high

high

high

high

high

high

Southwest Avg 411 439

Median 286 53

Socio Economic Indicators 29

Municipal Study 2018

Labour Statistics

The labour force is defined as the number of people aged 15 and over who are employed and unemployed Labour force statistics are an important measure of the economyrsquos potential The larger the percentage of the population that enters the labour force the larger the potential output and standard of living Growth

in the labour force implies expansion potential The rate of employment of the communityrsquos citizens is a measure of and an influence on the communityrsquos ability to support its local business sector A decline in employment base or higher than average rates of unemployment can be a warning signal that overall economic activity may be declining Unemployment does not capture working age residents who are unemployed and are no longer actively seeking employment The employment rate provides a fuller picture of employment in the community

Socio Economic Indicators 30

Municipal Study 2018

Labour Statistics CMA

CMA

Employment Rate Sept

2018

Employment Change 2017 2018

Participation Rate

Participation Rate Change 2017 2018

Unemployment Rate Sept 2018

Unemployment Rate Change 2017 2018

Barrie

Brantford

Greater Sudbury

Guelph

Hamilton

Kingston

KitchenerCambridge Waterloo

London

Oshawa

Ottawa‐Gatineau

Peterborough

St Catharines‐Niagara

Thunder Bay

Toronto

Windsor

670

583

574

652

611

606

680

583

652

641

615

569

614

614

554

‐09

‐38

‐05

‐37

‐42

‐11

07

25

15

06

15

03

15

‐06

‐22

712

619

613

677

644

642

717

614

691

671

652

615

648

654

597

‐11

‐38

‐03

‐55

‐38

‐11

10

24

22

‐03

11

10

17

‐06

‐14

58

58

64

36

52

55

51

52

56

45

56

75

53

61

73

‐02

04

04

‐23

10

01

03

‐02

08

‐13

‐12

10

02

00

16

Ontario 609 ‐02 645 ‐03 57 00

Source Stats Canada

Socio Economic Indicators 31

Municipal Study 2018

32

Assessment Per Capita (Sorted by Unweighted Assessment)

Property assessment is the basis upon

which municipalities raise taxes A

strong assessment base is critical to a

municipalityrsquos ability to generate

revenues Assessment per capita

statistics have been compared to

provide an indication of the ldquorichnessrdquo of

the assessment base in each

municipality

Unweighted assessment provides the actual current value assessment of the

properties

Weighted assessment reflects the basis

upon which property taxes are levied

after applying the tax ratios to the

various property classes to the

unweighted assessment

Socio Economic Indicators

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Elliot Lake 49556 $ $ 55809 low low

Windsor 70740 $ $ 89181 low low

Espanola 74662 $ $ 95740 low low

Cornwall 77046 $ $ 101758 low low

St Thomas 79492 $ $ 94092 low low

Timmins 80049 $ $ 96701 low low

Welland 82100 $ $ 91809 low low

Sault Ste Marie 87701 $ $ 112497 low low

Owen Sound 90150 $ $ 109736 low low

Thunder Bay 92226 $ $ 114994 low low

Ingersoll 92868 $ $ 113347 low low

Bancroft 94650 $ $ 95422 low low

Port Colborne 96242 $ $ 107878 low low

Quinte West 96974 $ $ 106167 low low

Sarnia 97322 $ $ 112509 low low

Tillsonburg 98390 $ $ 116633 low low

Brockville 99130 $ $ 121702 low low

Belleville 99663 $ $ 126825 low mid

Brantford 102171 $ $ 122952 low low

St Catharines 103081 $ $ 119650 low low

Greater Sudbury 104015 $ $ 127985 low mid

North Bay 104307 $ $ 124452 low mid

Peterborough 104810 $ $ 118983 low low

London 105144 $ $ 120661 low low

Parry Sound 105525 $ $ 122599 low low

St Marys 105921 $ $ 120810 low low

Penetanguishene 108151 $ $ 111153 low low

Thorold 109101 $ $ 121396 low low

Midland 110881 $ $ 117659 low low

Kenora 111838 $ $ 132512 low mid

Fort Erie 111853 $ $ 119871 low low

Kitchener 116058 $ $ 136243 low mid

Minto 116637 $ $ 99007 low low

Oshawa 116675 $ $ 131036 low mid

Stratford 117383 $ $ 142680 low mid

Orillia 118401 $ $ 140299 low mid

Municipal Study 2018

Assessment Per Capita (Sorted by Unweighted Assessment) (contrsquod)

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Niagara Falls $ 119136 $ 145134 mid mid

Chatham‐Kent $ 119182 $ 95494 mid low

Strathroy‐Caradoc $ 120420 $ 112270 mid low

Cambridge $ 121506 $ 147676 mid mid

Hamilton $ 123694 $ 146819 mid mid

Tay $ 124259 $ 122533 mid low

Orangeville $ 127343 $ 136426 mid mid

Kingston $ 128262 $ 146747 mid mid

Barrie $ 129721 $ 139665 mid mid

Greenstone $ 130518 $ 127794 mid mid

West Lincoln $ 130985 $ 121413 mid low

Haldimand $ 131748 $ 125004 mid mid

Clarington $ 133155 $ 136930 mid mid

Guelph $ 139291 $ 165252 mid

Norfolk $ 139339 $ 123997 mid low

Brockton $ 139798 $ 106270 mid low

Brampton $ 140308 $ 149135 mid mid

Lincoln $ 141793 $ 142067 mid mid

Pelham $ 142156 $ 141412 mid mid

Grimsby $ 143810 $ 153059 mid mid

Wellington North $ 147042 $ 114949 mid low

Central Elgin $ 148557 $ 128634 mid mid

Whitby $ 150288 $ 161449 mid mid

Centre Wellington $ 152007 $ 144000 mid mid

Wainfleet $ 153135 $ 138714 mid mid

Georgina $ 154729 $ 153478 mid mid

Brock $ 155114 $ 137843 mid mid

North Stormont $ 157983 $ 105544 mid low

Wilmot $ 159381 $ 150091 mid mid

Meaford $ 161150 $ 146718 mid mid

Brant $ 161479 $ 154147 mid mid

Ottawa $ 164103 $ 194028 mid

Waterloo $ 164531 $ 194966 mid

Woolwich $ 165349 $ 166951 mid

Prince Edward County $ 165730 $ 157062 mid mid

high

high

high

high

Wellesley 167265 $ $ 136354 mid mid

Socio Economic Indicators 33

Municipal Study 2018

Assessment Per Capita (Sorted by Unweighted Assessment ) (contrsquod)

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Collingwood $ 170793 $ 177145

Pickering $ 175091 $ 187269

Springwater $ 177271 $ 165762

Saugeen Shores $ 177948 $ 174964

Innisfil $ 179107 $ 175252

Milton $ 183143 $ 197531

Huntsville $ 184033 $ 184555

Bracebridge $ 186068 $ 186348

North Perth $ 187449 $ 127259

North Dumfries $ 188250 $ 198361

Newmarket $ 190605 $ 197521

Halton Hills $ 191864 $ 202944

Mississauga $ 195204 $ 220161

Kincardine $ 196159 $ 175934

Guelph‐Eramosa $ 201118 $ 181487

Erin $ 202247 $ 186496

Middlesex Centre $ 205689 $ 155170

Burlington $ 207355 $ 234312

Grey Highlands $ 209673 $ 176167

Mapleton $ 213981 $ 135649

Whitchurch‐Stouffvill $ 220586 $ 220377

Toronto $ 222667 $ 320682

Caledon $ 236060 $ 235797

East Gwillimbury $ 240312 $ 235891

Markham $ 241816 $ 249067

Aurora $ 244870 $ 250861

Lambton Shores $ 245964 $ 216573

Niagara‐on‐the‐Lake $ 259936 $ 274476

Gravenhurst $ 261645 $ 262220

North Middlesex $ 263607 $ 135367

Richmond Hill $ 264402 $ 270035

Oakville $ 272192 $ 296552

Vaughan $ 272434 $ 286894

Puslinch $ 276942 $ 290895

Tiny $ 305257 $ 298534

King $ 310146 $ 297667

Average $ 154140 $ 156898 Median $ 141974 $ 139982

high high

high high

high high

high high

high high

high high

high high

high high

high mid

high high

high high

high high

high high

high high

high high

high high

high mid

high high

high high

high mid

high high

high high

high high

high high

high high

high high

high high

high high

high high

high mid

high high

high high

high high

high high

high high

high high

Socio Economic Indicators 34

Municipal Study 2018

Taxable Assessment Per Capita (Grouped by Location sorted by unweighted assessment)

Eastern Municipalities 3

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Cornwall 77046 $ $ 101758 low low

Bancroft 94650 $ $ 95422 low low

Quinte West 96974 $ $ 106167 low low

Brockville 99130 $ $ 121702 low low

Belleville 99663 $ $ 126825 low mid

Peterborough 104810 $ $ 118983 low low

Kingston 128262 $ $ 146747 mid mid

North Stormont 157983 $ $ 105544 mid low

Ottawa 164103 $ $ 194028 mid high

Prince Edward County 165730 $ $ 157062 mid mid

Eastern Avg 118835 $ $ 127424

Median 102236 $ $ 120342

NiagaraHamilton Municipalities

2

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Welland 82100 $ $ 91809 low low

Port Colborne 96242 $ $ 107878 low low

St Catharines 103081 $ $ 119650 low low

Thorold 109101 $ $ 121396 low low

Fort Erie 111853 $ $ 119871 low low

Niagara Falls 119136 $ $ 145134 mid mid

Hamilton 123694 $ $ 146819 mid mid

West Lincoln 130985 $ $ 121413 mid low

Lincoln 141793 $ $ 142067 mid mid

Pelham 142156 $ $ 141412 mid mid

Grimsby 143810 $ $ 153059 mid mid

Wainfleet 153135 $ $ 138714 mid mid

Niagara‐on‐the‐Lake 259936 $ $ 274476 high high

NiagaraHamilton Avg $ 132079 $ 140285

Median $ 123694 $ 138714

Socio Economic Indicators 35

Municipal Study 2018

Taxable Assessment Per Capita (contrsquod) (Grouped by Location sorted by unweighted assessment)

GTA Municipalities

1

Municipality

2018 Unweighted Assessment per Capita

2018 Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Oshawa $ 116675 $ 131036 low mid

Clarington $ 133155 $ 136930 mid mid

Brampton $ 140308 $ 149135 mid mid

Whitby $ 150288 $ 161449 mid mid

Georgina $ 154729 $ 153478 mid mid

Brock $ 155114 $ 137843 mid mid

Pickering $ 175091 $ 187269

Milton $ 183143 $ 197531

Newmarket $ 190605 $ 197521

Halton Hills $ 191864 $ 202944

Mississauga $ 195204 $ 220161

Burlington $ 207355 $ 234312

Whitchurch‐Stouffville $ 220586 $ 220377

Toronto $ 222667 $ 320682

Caledon $ 236060 $ 235797

East Gwillimbury $ 240312 $ 235891

Markham $ 241816 $ 249067

Aurora $ 244870 $ 250861

Richmond Hill $ 264402 $ 270035

Oakville $ 272192 $ 296552

Vaughan $ 272434 $ 286894

King $ 310146 $ 297667

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

high high

GTA Avg $ 205410 $ 216974

Median $ 201279 $ 220269

Socio Economic Indicators 36

Municipal Study 2018

Taxable Assessment Per Capita (contrsquod) (Grouped by Location sorted by unweighted assessment)

Northern Municipalities 4

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Elliot Lake 49556 $ $ 55809 low low

Espanola 74662 $ $ 95740 low low

Timmins 80049 $ $ 96701 low low

Sault Ste Marie 87701 $ $ 112497 low low

Thunder Bay 92226 $ $ 114994 low low

Greater Sudbury 104015 $ $ 127985 low mid

North Bay 104307 $ $ 124452 low mid

Parry Sound 105525 $ $ 122599 low low

Kenora 111838 $ $ 132512 low mid

Greenstone 130518 $ $ 127794 mid mid

North Avg 94040 $ $ 111108

Median 98121 $ $ 118797

SimcoeMuskokaDufferin Municipalities

6

Municipality

2018

Unweighted Assessment per Capita

2018

Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Penetanguishene 108151 $ $ 111153 low low

Midland 110881 $ $ 117659 low low

Orillia 118401 $ $ 140299 low mid

Tay 124259 $ $ 122533 mid low

Orangeville 127343 $ $ 136426 mid mid

Barrie 129721 $ $ 139665 mid mid

Collingwood 170793 $ $ 177145 high high

Springwater 177271 $ $ 165762 high high

Innisfil 179107 $ $ 175252 high high

Huntsville 184033 $ $ 184555 high high

Bracebridge 186068 $ $ 186348 high high

Gravenhurst 261645 $ $ 262220 high high

Tiny 305257 $ $ 298534 high high

SimcoeMuskDuff Avg $ 167918 $ 170581

Median $ 170793 $ 165762

Socio Economic Indicators 37

Municipal Study 2018

Taxable Assessment Per Capita (contrsquod) (Grouped by Location sorted by unweighted assessment) Southwest Municipalities

5

Municipality

2018

Unweighted Assessment per Capita

2018 Weighted Assessment per Capita

Unweighted Ranking

Weighted Ranking

Windsor $ 70740 $ 89181 low low

St Thomas $ 79492 $ 94092 low low

Owen Sound $ 90150 $ 109736 low low

Ingersoll $ 92868 $ 113347 low low

Sarnia $ 97322 $ 112509 low low

Tillsonburg $ 98390 $ 116633 low low

Brantford $ 102171 $ 122952 low low

London $ 105144 $ 120661 low low

St Marys $ 105921 $ 120810 low low

Kitchener $ 116058 $ 136243 low mid

Minto $ 116637 $ 99007 low low

Stratford $ 117383 $ 142680 low mid

Chatham‐Kent $ 119182 $ 95494 mid low

Strathroy‐Caradoc $ 120420 $ 112270 mid low

Cambridge $ 121506 $ 147676 mid mid

Haldimand $ 131748 $ 125004 mid mid

Guelph $ 139291 $ 165252 mid

Norfolk $ 139339 $ 123997 mid low

Brockton $ 139798 $ 106270 mid low

Wellington North $ 147042 $ 114949 mid low

Central Elgin $ 148557 $ 128634 mid mid

Centre Wellington $ 152007 $ 144000 mid mid

Wilmot $ 159381 $ 150091 mid mid

Meaford $ 161150 $ 146718 mid mid

Brant $ 161479 $ 154147 mid mid

Waterloo $ 164531 $ 194966 mid

Woolwich $ 165349 $ 166951 mid

Wellesley $ 167265 $ 136354

high high

high mid

high high

high high

high high

high high

high mid

high high

high mid

high high

high mid

high high

mid mid

Saugeen Shores $ 177948 $ 174964

North Perth $ 187449 $ 127259

North Dumfries $ 188250 $ 198361

Kincardine $ 196159 $ 175934

Guelph‐Eramosa $ 201118 $ 181487

Erin $ 202247 $ 186496

Middlesex Centre $ 205689 $ 155170

Grey Highlands $ 209673 $ 176167

Mapleton $ 213981 $ 135649

Lambton Shores $ 245964 $ 216573

North Middlesex $ 263607 $ 135367

Puslinch $ 276942 $ 290895

high

high

high

Southwest Avg $ 152484 $ 143624

Median $ 147800 $ 135946

Socio Economic Indicators 38

‐ ‐

‐ ‐

Municipal Study 2018

Unweighted AssessmentmdashTrend

The tables on the next several pages reflect the change in unweighted assessment from 2013‐2018 The changes in assessment trends are related to new growth as well as changes in market value of existing properties The changes include the impact of reassessment as well as growth The table has been sorted

from low to high for the 2017‐2018 change in assessment

2013

2014

2014 2015

2015

2016

2016 2017

2017 2018

Ranking 2017 2018

Meaford 56 52 45 04 03 low

Owen Sound 33 25 20 ‐09 14 low

Brockvil le 47 36 62 ‐25 15 low

North Bay 61 49 51 ‐11 23 low

Elliot Lake NA 51 47 ‐10 23 low

St Marys NA NA 30 31 27 low

Windsor 14 12 14 29 27 low

Timmins 71 65 58 ‐10 29 low

Bracebridge 29 25 26 09 30 low

Peterborough 33 29 30 45 30 low

Brant 59 52 59 63 31 low

Gravenhurst 27 31 30 17 33 low

Bellevil le 33 39 29 15 36 low

Saugeen Shores 59 60 51 ‐03 36 low

Huntsville 22 28 24 14 37 low

Ottawa 78 65 72 58 38 low

Fort Erie 20 19 18 ‐02 38 low

Sarnia 21 20 23 25 38 low

London 37 46 35 47 40 low

Greater Sudbury 83 63 49 ‐10 41 low

Port Colborne 27 30 22 15 43 low

Parry Sound NA NA 27 ‐50 45 low

St Thomas 21 31 30 23 45 low

Sault Ste Marie 73 63 62 22 45 low

Prince Edward County 58 42 44 50 46 low

Quinte West 35 41 31 28 46 low

Stratford 58 40 38 33 47 low

Kingston 59 13 48 37 47 low

Greenstone 23 22 19 34 47 low

Ingersoll 09 54 32 23 48 low

Welland 28 30 19 34 49 low

Tillsonburg 36 33 26 15 50 low

Socio Economic Indicators 39

Municipal Study 2018

Unweighted AssessmentmdashTrend (contrsquod)

Socio Economic Indicators

2013 ‐

2014 2014 ‐

2015 2015 ‐

2016 2016 ‐

2017 2017 ‐

2018

Ranking 2017 ‐ 2018

Cambridge 41 38 37 43 51 mid

Kenora 67 65 61 38 51 mid

St Catharines 32 28 24 27 51 mid

Kitchener 55 61 53 53 53 mid

Central Elgin NA NA NA 36 54 mid

Collingwood NA 36 39 46 56 mid

Kincardine NA NA 54 20 56 mid

Cornwall 106 64 67 ‐14 57 mid

Strathroy‐Caradoc NA 45 42 62 57 mid

Orill ia 27 26 23 30 57 mid

Wilmot 56 53 52 49 58 mid

Erin NA NA 49 48 59 mid

Brock 37 41 37 49 59 mid

Thunder Bay 72 71 75 56 61 mid

Brantford NA NA NA NA 61 mid

Thorold 36 37 39 34 62 mid

Grey Highlands NA 69 64 37 63 mid

Orangevil le 43 41 43 46 64 mid

Lambton Shores 64 57 57 53 65 mid

Wainfleet 31 28 29 63 65 mid

Woolwich 48 53 42 64 65 mid

Pelham 34 33 40 43 65 mid

Centre Wellington NA NA 48 59 66 mid

North Dumfries 38 36 39 60 67 mid

Mississauga 57 55 51 66 67 mid

Barrie 30 33 28 75 67 mid

Guelph 43 64 38 86 67 mid

Chatham‐Kent NA NA 48 53 68 mid

Puslinch NA NA 43 20 71 mid

Guelph‐Eramosa NA NA 46 62 72 mid

Halton Hills 85 62 48 64 72 mid

Minto NA NA 46 75 73 mid

Hamilton 43 45 48 63 73 mid

Haldimand NA NA NA 51 73 mid

40

Municipal Study 2018

Unweighted AssessmentmdashTrend (contrsquod)

41Socio Economic Indicators

Lincoln 39 45 37 52 76

Middlesex Centre 73 74 66 66 78

Burlington 54 62 53 69 78

Waterloo 66 60 58 56 81

Caledon 74 71 63 73 84

Toronto 65 67 67 88 87

Grimsby 32 48 43 79 88

Brampton 77 74 73 84 88

Wellesley 65 58 50 87 89

Niagara‐on‐the‐Lake 58 97 64 74 90

Wellington North NA NA 55 93 91

Vaughan 77 75 63 90 91

Whitby 51 43 41 96 92

Clarington 73 47 44 86 93

Georgina 49 46 51 87 98

Milton 85 91 76 76 98

Oakville 68 77 69 75 100

Oshawa 38 32 38 106 102

West Lincoln 49 36 45 94 102

Newmarket 80 63 56 93 104

Whitchurch‐Stouffvil le 84 66 57 104 106

Markham 93 85 79 115 106

King 117 103 101 84 107

Mapleton NA NA 84 115 109

Niagara Falls 37 72 50 ‐09 112

Aurora 76 73 88 115 115

Richmond Hill 87 81 75 130 117

North Middlesex NA NA NA 126 118

Springwater 40 48 44 63 121

North Perth NA NA NA 126 122

Innisfil 49 47 61 80 125

Pickering 58 45 46 38 137

East Gwillimbury 88 55 46 134 159

Average 53 50 47 51 67

Median 51 48 46 52 64

2013 ‐

2014 2014 ‐

2015

2015 ‐2016

2016 ‐

2017

2017 ‐

2018

Ranking 2017 ‐ 2018

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

high

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐2018)

3

Eastern

Brockvil le 47 36 62 ‐25 15 low

Peterborough 33 29 30 45 30 low

Bellevil le 33 39 29 15 36 low

Ottawa 78 65 72 58 38 low

Prince Edward County 58 42 44 50 46 low

Quinte West 35 41 31 28 46 low

Kingston 59 13 48 37 47 low

Cornwall 106 64 67 ‐14 57 mid

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

Ranking 2017 ‐ 2018

Average 56 41 48 24 39

Median 53 40 46 33 42

2

NiagaraHamilton

Fort Erie 20 19 18 ‐02 38 low

Port Colborne 27 30 22 15 43 low

Welland 28 30 19 34 49 low

St Catharines 32 28 24 27 51 mid

Thorold 36 37 39 34 62 mid

Wainfleet 31 28 29 63 65 mid

Pelham 34 33 40 43 65 mid

Hamilton 43 45 48 63 73 mid

Lincoln 39 45 37 52 76 high

Grimsby 32 48 43 79 88 high

Niagara‐on‐the‐Lake 58 97 64 74 90 high

West Lincoln 49 36 45 94 102 high

Niagara Falls 37 72 50 ‐09 112 high

Ranking 2017 ‐ 2018

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

Average 36 42 37 44 70

Median 34 36 39 43 65

Socio Economic Indicators 42

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐2018) (contrsquod)

1

GTA

Brock

Mississauga

Halton Hills

Burlington

Caledon

Toronto

Brampton

Vaughan

Whitby

Clarington

Georgina

Milton

Oakville

Oshawa

Newmarket

Whitchurch‐Stouffvil le

Markham

King

Aurora

Richmond Hill

Pickering

East Gwill imbury

Average

Median

37

57

85

54

74

65

77

77

51

56

49

85

68

38

80

84

93

117

76

87

58

88

71

75

2013 ‐2014

41

55

62

62

71

67

74

75

43

47

46

91

77

32

63

66

85

103

73

81

45

55

64

65

2014 ‐2015

37

51

48

53

63

67

73

63

41

44

51

76

69

38

56

57

79

101

88

75

46

46

60

57

2015 ‐2016

49

66

64

69

73

88

84

90

96

86

87

76

75

106

93

104

115

84

115

130

38

134

87

86

2016 ‐2017

59 mid

67 mid

72 mid

78 high

84 high

87 high

88 high

91 high

92 high

93 high

98 high

98 high

100 high

102 high

104 high

106 high

106 high

107 high

115 high

117 high

137 high

159 high

98

98

2017 ‐2018

Ranking 2017 ‐ 2018

Socio Economic Indicators 43

‐ ‐ ‐ ‐ ‐

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐18) (contrsquod)

5

Southwest

2013

2014 2014 2015

2015

2016 2016

2017 2017

2018 Ranking 2017 2018

Meaford 56 52 45 04 03 low

Owen Sound 33 25 20 ‐09 14 low

St Marys NA NA 30 31 27 low

Windsor 14 12 14 29 27 low

Brant 59 52 59 63 31 low

Saugeen Shores 59 60 51 ‐03 36 low

Sarnia 21 20 23 25 38 low

London 37 46 35 47 40 low

St Thomas 21 31 30 23 45 low

Stratford 58 40 38 33 47 low

Ingersoll 09 54 32 23 48 low

Tillsonburg 36 33 26 15 50 low

Cambridge 41 38 37 43 51 mid

Kitchener 55 61 53 53 53 mid

Central Elgin NA NA NA 36 54 mid

Kincardine NA NA 54 20 56 mid

Strathroy‐Caradoc NA 45 42 62 57 mid

Wilmot 56 53 52 49 58 mid

Erin NA NA 49 48 59 mid

Brantford NA NA NA NA 61 mid

Grey Highlands NA 69 64 37 63 mid

Lambton Shores 64 57 57 53 65 mid

Woolwich 48 53 42 64 65 mid

Centre Wellington NA NA 48 59 66 mid

North Dumfries 38 36 39 60 67 mid

Guelph 43 64 38 86 67 mid

Chatham‐Kent NA NA 48 53 68 mid

Puslinch NA NA 43 20 71 mid

Guelph‐Eramosa NA NA 46 62 72 mid

Minto NA NA 46 75 73 mid

Haldimand NA NA NA 51 73 mid

Middlesex Centre 73 74 66 66 78

Waterloo 66 60 58 56 81

Wellesley 65 58 50 87 89

Wellington North NA NA 55 93 91

Mapleton NA NA 84 115 109

North Middlesex NA NA NA 126 118

North Perth NA NA NA 126 122

Average 45 48 45 51 60

Median 48 52 46 51 60

high

high

high

high

high

high

high

Socio Economic Indicators 44

Municipal Study 2018

Unweighted AssessmentmdashTrend (Grouped by Location sorted by 2017‐18) (contrsquod)

4

North

North Bay 61 49 51 ‐11 23 low

Elliot Lake NA 51 47 ‐10 23 low

Timmins 71 65 58 ‐10 29 low

Greater Sudbury 83 63 49 ‐10 41 low

Parry Sound NA NA 27 ‐50 45 low

Sault Ste Marie 73 63 62 22 45 low

Greenstone 23 22 19 34 47 low

Kenora 67 65 61 38 51 mid

Thunder Bay 72 71 75 56 61 mid

Ranking 2017 ‐ 2018

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

6

SimcoeMuskDuff

Bracebridge 29 25 26 09 30 low

Gravenhurst 27 31 30 17 33 low

Huntsvil le 22 28 24 14 37 low

Collingwood NA 36 39 46 56 mid

Orill ia 27 26 23 30 57 mid

Orangevil le 43 41 43 46 64 mid

Barrie 30 33 28 75 67 mid

Springwater 40 48 44 63 121 high

Innisfi l 49 47 61 80 125 high

Ranking 2017 ‐ 2018

2013 ‐2014

2014 ‐2015

2015 ‐2016

2016 ‐2017

2017 ‐2018

Average 64 56 50 07 41

Median 71 63 51 ‐10 45

Average 33 35 35 42 65

Median 29 33 30 46 57

Socio Economic Indicators 45

Municipal Study 2018

2018 Unweighted Assessment Composition (Sorted Alphabetically)

Municipality Residential Multi‐

Residential Commercial Industrial Pipelines Farmlands Forests

Aurora 876 09 95 18 01 01 00

Bancroft 746 46 181 07 00 05 15

Barrie 764 41 170 21 02 02 00

Belleville 708 55 192 27 04 14 00

Bracebridge 877 14 87 11 05 01 05

Brampton 809 19 135 33 02 02 00

Brant 702 04 49 40 04 200 01

Brantford 757 43 150 43 02 04 00

Brock 754 08 40 10 02 182 03

Brockton 571 19 57 07 02 341 02

Brockville 761 65 145 25 04 00 00

Burlington 789 37 140 27 02 04 00

Caledon 793 02 105 35 01 57 07

Cambridge 752 44 149 51 02 03 00

Central Elgin 732 01 36 05 03 220 01

Centre Wellington 774 10 51 16 02 145 02

Chatham‐Kent 508 14 70 15 08 384 00

Clarington 858 09 67 21 04 39 02

Collingwood 842 18 122 16 01 01 00

Cornwall 684 55 236 20 03 02 00

East Gwillimbury 867 03 68 12 02 46 02

Elliot Lake 805 76 105 06 08 00 00

Erin 804 02 32 12 01 144 06

Espanola 836 16 111 30 05 01 02

Fort Erie 885 11 72 13 04 15 00

Georgina 903 12 55 03 02 25 01

Gravenhurst 908 09 71 03 07 01 02

Greater Sudbury 801 40 130 23 03 01 00

Greenstone 264 06 159 11 559 00 00

Grey Highlands 703 03 23 22 01 235 14

Grimsby 884 07 78 11 02 18 00

Guelph 786 46 124 42 02 00 00

Guelph‐Eramosa 757 02 42 11 02 184 01

Haldimand 739 07 46 27 11 169 01

Halton Hills 834 09 94 30 01 30 01

Hamilton 820 41 100 16 04 19 00

Socio Economic Indicators 46

Municipal Study 2018

2018 Unweighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Municipality Residential Multi‐

Residential Commercial Industrial Pipelines Farmlands Forests

Huntsville 860 09 104 12 09 01 05

Ingersoll 810 19 101 66 03 01 00

Innisfil 871 02 64 08 04 51 01

Kenora 823 17 119 21 20 01 00

Kincardine 628 09 104 46 00 212 02

King 886 02 35 08 03 64 03

Kingston 764 80 138 11 03 04 00

Kitchener 794 67 124 14 00 01 00

Lambton Shores 715 07 55 07 02 213 00

Lincoln 775 06 61 28 05 124 00

London 815 37 124 12 02 09 00

Mapleton 415 01 18 19 05 540 03

Markham 848 10 123 16 01 02 00

Meaford 806 18 28 02 05 133 09

Middlesex Centre 594 03 28 03 31 340 01

Midland 758 40 168 29 02 02 00

Milton 819 07 115 35 05 18 02

Minto 608 05 66 23 02 295 01

Mississauga 727 37 198 37 01 00 00

Newmarket 840 15 122 21 01 00 00

Niagara Falls 695 27 256 11 04 07 00

Niagara‐on‐the‐Lake 747 03 147 09 03 89 00

Norfolk 700 07 57 12 06 215 04

North Bay 766 46 156 18 13 00 00

North Dumfries 702 02 87 54 42 111 01

North Middlesex 303 04 18 07 07 658 04

North Perth 441 06 57 19 02 475 00

North Stormont 494 04 26 05 02 468 02

Oakville 845 19 115 18 01 01 00

Orangeville 834 20 129 16 01 00 00

Orillia 755 55 171 16 02 00 00

Oshawa 792 58 125 19 02 04 00

Ottawa 756 54 170 10 02 08 00

Owen Sound 750 70 162 14 03 01 00

Parry Sound 727 37 222 11 02 01 00

Pelham 895 07 34 01 06 56 01

Socio Economic Indicators 47

Municipal Study 2018

2018 Unweighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Multi‐

Municipality Residential Residential Commercial Industrial Pipelines Farmlands Forests

Penetanguishene 895 22 59 20 03 01 01

Peterborough 783 73 129 13 02 01 00

Pickering 829 08 122 21 02 18 00

Port Colborne 829 21 73 43 05 28 00

Prince Edward County 847 14 46 06 01 84 02

Puslinch 791 01 78 48 03 73 06

Quinte West 767 26 146 16 08 37 01

Richmond Hill 892 12 83 12 01 01 00

Sarnia 774 39 125 32 07 23 00

Saugeen Shores 885 16 56 01 02 39 01

Sault Ste Marie 780 54 145 16 04 00 00

Springwater 842 02 36 09 06 99 05

St Catharines 789 51 136 14 02 08 00

St Marys 828 16 79 68 03 07 00

St Thomas 827 40 94 31 03 04 00

Stratford 792 46 123 32 02 04 00

Strathroy‐Caradoc 706 23 71 25 22 151 01

Tay 920 00 40 05 03 27 05

Thorold 803 47 82 33 11 23 00

Thunder Bay 791 40 153 13 03 00 00

Tillsonburg 824 33 100 35 03 06 00

Timmins 801 20 147 26 05 02 00

Tiny 945 02 12 01 03 31 05

Toronto 745 67 175 13 01 00 00

Vaughan 787 03 155 52 01 02 00

Wainfleet 813 00 20 04 05 156 01

Waterloo 746 94 137 20 01 00 00

Welland 854 37 85 15 04 04 00

Wellesley 595 01 24 44 02 332 02

Wellington North 524 11 54 23 02 384 02

West Lincoln 751 03 35 16 13 181 01

Whitby 860 21 97 16 02 04 00

Whitchurch‐Stouffville 888 06 65 17 01 22 02

Wilmot 786 08 40 11 03 150 01

Windsor 758 40 158 39 04 02 00

Woolwich 697 09 99 33 03 158 01

Average 766 23 99 20 09 80 01 Median 789 16 98 16 03 14 00 Min 264 00 12 01 00 00 00 Max 945 94 256 68 559 658 15

Socio Economic Indicators 48

Municipal Study 2018

Top 10 Municipalities With Highest Proportion of Unweighted Assessment Per Type of Assessment

Municipality Residential

Tiny 945

Tay 920

Gravenhurst 908

Georgina 903

Pelham 895

Penetanguishene 895

Richmond Hill 892

Whitchurch‐Stouffville 888

King 886

Saugeen Shores 885

Municipality Industrial

St Marys 68

Ingersoll 66

North Dumfries 54

Vaughan 52

Cambridge 51

Puslinch 48

Kincardine 46

Wellesley 44

Port Colborne 43

Brantford 43

Municipality Multi‐Residential

Waterloo 94

Kingston 80

Elliot Lake 76

Peterborough 73

Owen Sound 70

Toronto 67

Kitchener 67

Brockville 65

Oshawa 58

Orillia 55

Municipality Pipelines

Greenstone 559

North Dumfries 42

Middlesex Centre 31

Strathroy‐Caradoc 22

Kenora 20

West Lincoln 13

North Bay 13

Thorold 11

Haldimand 11

Huntsville 09

Municipality Commercial

Niagara Falls 256

Cornwall 236

Parry Sound 222

Mississauga 198

Belleville 192

Bancroft 181

Toronto 175

Orillia 171

Barrie 170

Ottawa 170

Municipality Farmlands

North Middlesex 658

Mapleton 540

North Perth 475

North Stormont 468

Chatham‐Kent 384

Wellington North 384

Brockton 341

Middlesex Centre 340

Wellesley 332

Minto 295

Socio Economic Indicators 49

Municipal Study 2018

2018 Weighted Assessment Composition (Sorted Alphabetically)

Municipality Residential Multi‐

Residential Commercial Industrial Pipelines Farmlands Forests

Aurora 855 09 112 23 01 00 00

Bancroft 740 52 195 08 00 01 04

Barrie 709 38 224 26 02 00 00

Belleville 556 102 286 49 04 03 00

Bracebridge 876 14 94 10 04 00 01

Brampton 761 30 163 44 02 00 00

Brant 735 07 96 103 07 50 00

Brantford 629 65 223 79 03 01 00

Brock 848 18 64 24 03 41 01

Brockton 751 25 92 16 02 112 01

Brockville 620 94 228 53 05 00 00

Burlington 698 65 179 55 02 01 00

Caledon 794 04 139 51 01 10 02

Cambridge 619 62 237 80 02 01 00

Central Elgin 846 03 69 14 05 64 00

Centre Wellington 817 20 79 40 04 38 00

Chatham‐Kent 633 36 172 40 12 106 00

Clarington 834 17 93 43 05 08 01

Collingwood 812 22 144 20 02 00 00

Cornwall 518 96 343 39 04 00 00

East Gwillimbury 883 03 83 17 01 12 01

Elliot Lake 715 135 138 07 05 00 00

Erin 872 04 51 30 02 39 02

Espanola 652 25 166 153 04 00 00

Fort Erie 826 20 113 31 06 04 00

Georgina 910 12 66 04 01 06 00

Gravenhurst 906 09 77 03 05 00 00

Greater Sudbury 651 61 207 75 05 00 00

Greenstone 270 12 227 28 463 00 00

Grey Highlands 836 05 35 49 01 70 04

Grimsby 831 12 124 26 03 04 00

Guelph 663 69 191 75 03 00 00

Guelph‐Eramosa 839 05 69 29 06 51 00

Haldimand 779 14 81 64 17 44 00

Halton Hills 789 17 128 59 01 06 00

Hamilton 691 86 165 48 07 03 00

Huntsville 858 09 112 13 06 00 01

Socio Economic Indicators 50

Municipal Study 2018

2018 Weighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Municipality Residential Multi

Residential Commercial Industrial Pipelines Farmlands Forests

Ingersoll 664 37 156 140 03 00 00

Innisfil 890 03 79 10 05 13 00

Kenora 695 22 214 44 25 00 00

Kincardine 700 10 142 89 00 59 00

King 923 02 44 11 03 17 01

Kingston 668 70 236 23 03 01 00

Kitchener 676 97 204 22 00 00 00

Lambton Shores 812 13 100 17 04 55 00

Lincoln 774 11 103 71 09 31 00

London 710 58 207 20 04 01 00

Mapleton 655 03 41 70 16 213 01

Markham 823 10 145 21 01 01 00

Meaford 885 28 39 04 05 36 03

Middlesex Centre 788 06 43 08 44 113 00

Midland 714 48 196 38 03 00 00

Milton 760 12 153 66 05 03 00

Minto 716 11 115 64 06 87 00

Mississauga 645 47 256 51 01 00 00

Newmarket 811 15 144 29 01 00 00

Niagara Falls 571 43 356 23 05 01 00

Niagara‐on‐the‐Lake 708 06 239 20 06 21 00

Norfolk 787 14 107 22 10 60 01

North Bay 642 80 244 21 12 00 00

North Dumfries 666 05 159 97 47 26 00

North Middlesex 590 12 39 22 15 321 02

North Perth 648 15 104 52 05 175 00

North Stormont 740 06 60 15 04 175 01

Oakville 776 35 151 36 01 00 00

Orangeville 779 45 146 30 01 00 00

Orillia 637 66 269 22 06 00 00

Oshawa 706 96 160 35 02 01 00

Ottawa 640 63 275 19 03 01 00

Owen Sound 616 104 248 24 07 00 00

Parry Sound 626 47 312 13 02 00 00

Pelham 900 14 59 03 11 14 00

Penetanguishene 871 27 71 27 04 00 00

Peterborough 690 116 173 19 02 00 00

Socio Economic Indicators 51

Municipal Study 2018

2018 Weighted Assessment Composition (Sorted Alphabetically) (contrsquod)

Multi‐

Municipality Residential Residential Commercial Industrial Pipelines Farmlands Forests

Pickering 775 14 164 41 02 03 00

Port Colborne 739 37 112 96 08 06 00

Prince Edward County 893 21 53 09 01 22 00

Puslinch 753 02 111 110 06 17 01

Quinte West 700 48 202 34 07 08 00

Richmond Hill 873 12 99 15 01 00 00

Sarnia 669 67 186 66 08 04 00

Saugeen Shores 900 16 70 02 02 10 00

Sault Ste Marie 608 46 253 85 06 00 00

Springwater 901 02 47 13 09 26 01

St Catharines 680 83 202 30 03 02 00

St Marys 726 15 106 147 05 02 00

St Thomas 698 79 154 65 03 01 00

Stratford 651 74 200 70 03 01 00

Strathroy‐Caradoc 757 44 86 47 25 41 00

Tay 933 00 48 07 04 07 01

Thorold 722 58 126 71 17 05 00

Thunder Bay 634 75 258 25 07 00 00

Tillsonburg 695 65 159 76 03 01 00

Timmins 663 29 246 52 09 00 00

Tiny 966 03 16 02 04 08 01

Toronto 517 114 343 25 01 00 00

Vaughan 747 03 178 70 01 00 00

Wainfleet 898 01 37 11 10 43 00

Waterloo 630 112 223 32 01 00 00

Welland 764 64 129 35 07 01 00

Wellesley 729 03 58 105 03 102 00

Wellington North 671 27 103 70 07 123 01

West Lincoln 810 07 64 44 25 49 00

Whitby 801 36 130 30 02 01 00

Whitchurch‐Stouffville 889 06 76 22 01 05 00

Wilmot 835 16 82 23 04 40 00

Windsor 601 63 248 82 06 00 00

Woolwich 690 14 190 63 04 39 00

Average 741 35 146 42 10 25 00 Median 737 21 141 31 04 03 00 Min 270 00 16 02 00 00 00 Max 966 135 356 153 463 321 04

Socio Economic Indicators 52

Municipal Study 2018

2018 Shift In Tax BurdenmdashUnweighted to Weighted Residential Assessment

As shown in the table tax ratios typically shift the burden from residential to non‐residential properties

Approximately 64 of the municipalities surveyed have a decrease in tax burden on the Residential class as a result of tax ratios for non‐residential classes greater than 10 The implementation of tax ratios to the assessment base for municipalities with a larger proportion of farmland and managed forest results in an increase in the residential burden

Municipality

Residential Unweighted Assessment

Residential Weighted Assessment

Change Unweighted to Weighted Municipality

Residential Unweighted Assessment

Residential Weighted Assessment

Change Unweighted to Weighted

Toronto 745 517 ‐306 Oshawa 792 706 ‐110

Cornwall 684 518 ‐243 Port Colborne 829 739 ‐108

Sault Ste Marie 780 608 ‐220 Welland 854 764 ‐106

Espanola 836 652 ‐220 Thorold 803 722 ‐101

Belleville 708 556 ‐214 Quinte West 767 700 ‐87

Windsor 758 601 ‐207 Oakville 845 776 ‐82

Thunder Bay 791 634 ‐198 Milton 819 760 ‐73

Greater Sudbury 801 651 ‐187 Barrie 764 709 ‐71

Brockville 761 620 ‐185 Whitby 860 801 ‐69

Ingersoll 810 664 ‐181 Fort Erie 885 826 ‐67

Niagara Falls 695 571 ‐179 Orangeville 834 779 ‐67

Owen Sound 750 616 ‐178 Pickering 829 775 ‐65

Stratford 792 651 ‐177 Grimsby 884 831 ‐60

Cambridge 752 619 ‐177 Brampton 809 761 ‐59

Timmins 801 663 ‐172 Midland 758 714 ‐58

Brantford 757 629 ‐169 Halton Hills 834 789 ‐55

North Bay 766 642 ‐162 Niagara‐on‐the‐Lake 747 708 ‐53

Hamilton 820 691 ‐158 North Dumfries 702 666 ‐51

Guelph 786 663 ‐157 Vaughan 787 747 ‐50

Tillsonburg 824 695 ‐157 Puslinch 791 753 ‐48

St Thomas 827 698 ‐157 Collingwood 842 812 ‐36

Waterloo 746 630 ‐156 Newmarket 840 811 ‐35

Orillia 755 637 ‐156 Markham 848 823 ‐29

Kenora 823 695 ‐156 Clarington 858 834 ‐28

Ottawa 756 640 ‐154 Penetanguishene 895 871 ‐27

Kitchener 794 676 ‐148 Aurora 876 855 ‐24

Parry Sound 727 626 ‐139 Richmond Hill 892 873 ‐21

St Catharines 789 680 ‐138 Woolwich 697 690 ‐10

Sarnia 774 669 ‐135 Bancroft 746 740 ‐08

London 815 710 ‐129 Huntsville 860 858 ‐03

Kingston 764 668 ‐126 Gravenhurst 908 906 ‐02

St Marys 828 726 ‐123 Lincoln 775 774 ‐02

Peterborough 783 690 ‐119 Bracebridge 877 876 ‐02

Burlington 789 698 ‐115 Whitchurch‐Stouffville 888 889 01

Mississauga 727 645 ‐113

Elliot Lake 805 715 ‐112

Caledon 793 794 01

Pelham 895 900 05

Socio Economic Indicators 53

Municipal Study 2018

2018 Shift In Tax BurdenmdashUnweighted to Weighted Residential Assessment (contrsquod)

Municipality

Residential

Unweighted Assessment

Residential Weighted Assessment

Change Unweighted to Weighted

Georgina 903 910 08

Tay 920 933 14

Saugeen Shores 885 900 17

East Gwillimbury 867 883 19

Greenstone 264 270 21

Innisfil 871 890 22

Tiny 945 966 23

King 886 923 42

Brant 702 735 47

Haldimand 739 779 54

Prince Edward County 847 893 55

Centre Wellington 774 817 56

Wilmot 786 835 62

Springwater 842 901 69

Strathroy‐Caradoc 706 757 73

West Lincoln 751 810 79

Erin 804 872 84

Meaford 806 885 98

Wainfleet 813 898 104

Guelph‐Eramosa 757 839 108

Kincardine 628 700 115

Norfolk 700 787 124

Brock 754 848 125

Lambton Shores 715 812 136

Central Elgin 732 846 155

Minto 608 716 178

Grey Highlands 703 836 190

Wellesley 595 729 226

Chatham‐Kent 508 633 248

Wellington North 524 671 279

Brockton 571 751 315

Middlesex Centre 594 788 326

North Perth 441 648 471

North Stormont 494 740 497

Mapleton 415 655 577

North Middlesex 303 590 947

Average 766 741 ‐16 Median 789 737 ‐51 Min 264 270 ‐306 Max 945 966 947

Socio Economic Indicators 54

Municipal Study 2018

Residential Property Types Summary

Residential properties were broken down by the main property types to provide an indication of the housing mix and the median assessment values in each of the area

(000rsquos)

Area Single Family Detached

Home Link

Freehold Town

Semi Detached

Single on Water

Condo Seasonal

Weighted Median Assessed

Values

Total Average 357$ 300 $ 285 $ 253 $ 673 $ 228 $ 405 $ 342 $

Total Median 281$ 256 $ 264 $ 208 $ 550 $ 216 $ 362 $ 306 $

GTA Average 636 $ 452 $ 424 $ 422 $ $ 1181 322 $ 506 $ 556 $

GTA Median 600 $ 450 $ 410 $ 426 $ 718 $ 321 $ 486 $ 538 $

NiagaraHamilton Average 305 $ 270 $ 280 $ 214 $ 598 $ 208 $ 449 $ 299 $

NiagaraHamilton Median 279 $ 278 $ 277 $ 202 $ 538 $ 204 $ 510 $ 309 $

Eastern Average 252 $ 236 $ 234 $ 189 $ 449 $ 202 $ 264 $ 248 $

Eastern Median 224 $ 238 $ 227 $ 169 $ 343 $ 203 $ 242 $ 220 $

North Average 180$ 184 $ 163 $ 134 $ 330 $ 184 $ 233 $ 185 $

North Median 197 $ 192 $ 168 $ 130 $ 303 $ 196 $ 200 $ 203 $

Southwest Average 308 $ 240 $ 231 $ 227 $ 627 $ 190 $ 401 $ 301 $

Southwest Median 264 $ 221 $ 231 $ 198 $ 551 $ 184 $ 362 $ 272 $

SimcoeMuskDuff Average 293 $ 238 $ 271 $ 214 $ 661 $ 244 $ 581 $ 330 $

SimcoeMuskDuff Median 272 $ 230 $ 266 $ 200 $ 655 $ 244 $ 528 $ 326 $

The weighted median assessed value for residential properties range from an average of $185000 in northern municipalities to $556000 in the GTA

Socio Economic Indicators 55

Municipal Study 2018

Building Construction Activity (sorted from lowest to highest 2017 activity per capita)

The table summarizes the 2017 residential and non‐residential building permit values in each area

municipality To put these values into context the building permit value per capita is also summarized to get an appreciation of the relative building activity in each municipality The chart is sorted from lowest to highest based on building permit value per capita for 2017

Non Res 2017 per Municipality Res 2017 2017 Capita

East Gwillimbury 98 2 223 $

Chatham‐Kent 94 6 374 $

Greenstone 76 24 482 $

Elliot Lake 78 22 486 $

Cornwall 52 48 621 $

Espanola 68 32 814 $

Georgina 87 13 1174 $

Haldimand 0 100 1175 $

Thunder Bay 32 68 1280 $

Bancroft 57 43 1285 $

Timmins 22 78 1287 $

Sault Ste Marie 37 63 1365 $

St Catharines NA NA 1411 $

Port Colborne 82 18 1447 $

Grimsby 82 18 1451 $

Sarnia 40 60 1454 $

Whitby 52 48 1459 $

Tillsonburg 84 16 1476 $

Parry Sound 73 27 1506 $

Windsor 39 61 1549 $

Hamilton 64 36 1550 $

North Bay 36 64 1603 $

Kenora 58 42 1625 $

Mississauga 41 59 1636 $

Markham 41 59 1644 $

Richmond Hill 0 0 1756 $

Peterborough 53 47 1758 $

Brockton 0 100 1776 $

Mapleton 57 43 1857 $

Owen Sound 33 67 1966 $

Brantford 53 47 1968 $

Kitchener 66 34 2004 $

Norfolk 65 35 2087 $

Brant 53 47 2133 $

Ingersoll 91 9 2144 $

Brampton 88 12 2231 $

Non Res 2017 per Municipality Res 2017 2017 Capita

Greater Sudbury 25 75 2279 $

Belleville 0 100 2290 $

Caledon 75 25 2298 $

Lincoln 61 39 2309 $

St Marys NA NA 2366 $

North Stormont 71 29 2392 $

Guelph‐Eramosa 78 22 2444 $

St Thomas 80 20 2550 $

Orillia 77 23 2560 $

Penetanguishene 98 2 2601 $

Stratford 50 50 2646 $

Quinte West 76 24 2684 $

Whitchurch‐Stouffville 78 22 2695 $

Ottawa 66 34 2723 $

Wainfleet 80 20 2724 $

Fort Erie 70 30 2731 $

London 74 26 2763 $

North Middlesex 23 77 2790 $

Barrie 68 32 2826 $

Wellesley 37 63 2834 $

Cambridge 44 56 2838 $

Waterloo 69 31 2860 $

Bracebridge 43 57 2879 $

Welland 39 61 2942 $

Newmarket 70 30 2943 $

Wellington North 29 71 3001 $

Wilmot 60 40 3030 $

Burlington 60 40 3031 $

Tay 95 5 3043 $

Guelph 57 43 3066 $

Strathroy‐Caradoc 100 0 3072 $

Pickering NA NA 3085 $

Kingston 31 69 3105 $

Woolwich 52 48 3109 $

Minto 59 41 3140 $

Orangeville 40 60 3232 $

Socio Economic Indicators 56

Municipal Study 2018

Building Construction Activity (sorted from lowest to highest 2017 activity per capita) (contrsquod)

Municipality Res 2017 Non Res 2017

2017 per Capita

Erin

Tiny

Oshawa

Meaford

Huntsville

Clarington

Lambton Shores

Middlesex Centre

Grey Highlands

Brockville

Thorold

Collingwood

North Dumfries

Centre Wellington

Toronto

Kincardine

Saugeen Shores

Brock

Gravenhurst

West Lincoln

Halton Hills

Vaughan

Pelham

North Perth

Oakville

Puslinch

Niagara‐on‐the‐Lake

Innisfil

Springwater

King

Milton

78

100

NA

66

85

87

66

72

54

6

96

94

51

78

45

39

93

92

92

36

46

48

87

53

74

95

50

89

90

18

78

22

0

NA

34

15

13

34

28

46

94

4

6

49

22

55

61

7

8

8

64

54

52

13

47

26

5

50

11

10

82

22

3233 $

3570 $

3612 $

3822 $

3833 $

3835 $

4197 $

4246 $

4431 $

4443 $

4554 $

4567 $

4573 $

4646 $

4957 $

5155 $

5209 $

5278 $

5279 $

5544 $

5633 $

5705 $

5788 $

5842 $

5984 $

6175 $

6989 $

6997 $

7164 $

7317 $

7857 $

Average

Median

58

60

36

34

3033 $

2731 $

Socio Economic Indicators 57

Municipal Study 2018

Building Construction Activity Trend (Grouped by Location) Eastern

Municipality 2015 2016 2017

Cornwall 37426 $ 16405 $ 30149 $ 585 $

Bancroft 4537 $ 5644 $ 5186 $ 1269 $

Peterborough 108954 $ 108954 $ 149806 $ 1470 $

Brockville 13202 $ 17010 $ 97688 $ 1943 $

Belleville 63472 $ 121538 $ 122013 $ 1975 $

Kingston 160298 $ 218600 $ 400313 $ 2030 $

North Stormont 12129 $ 18723 $ 17196 $ 2228 $

Ottawa 2138273 $ 2646159 $ 2705350 $ 2590 $

Quinte West 113611 $ 141395 $ 122200 $ 2827 $

Prince Edward County 77834 $ 83204 $ NA 3194 $

Eastern Average 294656 $ 366048 $ 405545 $ 1880 $

Eastern Median 63472 $ 108954 $ 122013 $ 1975 $

Building Construction Value (000s)

3 Year Per Capita Avg

GTA Municipality 2015 2016 2017

East Gwillimbury 71000 $ NA 5706 $ 1578 $

Whitby 173069 $ 280107 $ 198721 $ 1643 $

Mississauga 1285935 $ 1455510 $ 1262657 $ 1775 $

Richmond Hill 284097 $ 613200 $ 363325 $ 2084 $

Markham 818093 $ 883308 $ 582098 $ 2234 $

Georgina 150765 $ 104777 $ 56405 $ 2263 $

Pickering 141842 $ 210728 $ 298448 $ 2290 $

Whitchurch‐Stouffville 80000 $ 140000 $ 139000 $ 2440 $

Brock 15712 $ 16485 $ 64569 $ 2700 $

Burlington 525815 $ 431921 $ 587588 $ 2720 $

Newmarket 275695 $ 262628 $ 263195 $ 3080 $

Brampton 2731791 $ 1961496 $ 1447772 $ 3314 $

Oshawa 558703 $ 454975 $ 614344 $ 3319 $

Toronto 7134639 $ 10297233 $ 14329509 $ 3766 $

Clarington 361916 $ 340630 $ 379537 $ 3818 $

Halton Hills 147541 $ 248173 $ 363426 $ 4003 $

Caledon 421729 $ 262630 $ 166235 $ 4315 $

Vaughan 1405075 $ 1148939 $ 1908214 $ 4526 $

Aurora 276058 $ 278362 $ NA 4836 $

Oakville 825811 $ 913947 $ 1235513 $ 4932 $

Milton 334740 $ 596372 $ 938908 $ 5494 $

King 254374 $ 334595 $ 202693 $ 11076 $

GTA Average 830655 $ 1011239 $ 1209898 $ 3555 $

GTA Median 309418 $ 340630 $ 363426 $ 3197 $

Building Construction Value (000s) 3 Year Per Capita Avg

Socio Economic Indicators 58

Municipal Study 2018

Building Construction Activity Trend (contrsquod) (Grouped by Location) NiagaraHamilton Municipality 2015 2016 2017

Building Construction Value (000 s) 3 Year Per Capita Avg

St Catharines

Hamilton

Port Colborne

Lincoln

Welland

Grimsby

Wainfleet

Fort Erie

Niagara Falls

Thorold

West Lincoln

Pelham

Niagara‐on‐the‐Lake

$

$

$

$

$

$

$

$

$

$

$

$

$

114141 149549 $ 196370 $

722412 613665 $ 876475 $

18130 32494 $ 27480 $

31382 40333 $ 58422 $

70323 81772 $ 162077 $

38517 120100 $ 42479 $

15495 15687 $ 18069 $

74083 94804 $ 88075 $

215200 279671 $ NA

40898 55860 $ 90748 $

83334 50382 $ 85170 $

33367 126873 $ 104245 $

126932 NA 133956 $

1128 $

1339 $

1396 $

1777 $

1951 $

2423 $

2543 $

2742 $

2842 $

3259 $

4890 $

5041 $

7350 $

NiagaraHamilton Avg

NiagaraHamilton Med

$

$

121863 138433 $ 156964 $

70323 88288 $ 89412 $

2975 $

2543 $

North Municipality 2015 2016 2017

Building Construction Value (000 s) 3 Year Per Capita Avg

Elliot Lake

Greenstone

Timmins

Espanola

Thunder Bay

Sault Ste Marie

North Bay

Parry Sound

Kenora

Greater Sudbury

$

$

$

$

$

$

$

$

$

$

10010 5976 $ 5313 $

3716 4058 $ 2306 $

45103 32653 $ 55231 $

6226 6860 $ 4112 $

157549 93789 $ 143390 $

125556 75822 $ 103149 $

66006 76258 $ 84620 $

8045 12431 $ 10173 $

20236 32201 $ 25352 $

237362 254506 $ 384024 $

638 $

715 $

1028 $

1098 $

1191 $

1341 $

1429 $

1551 $

1677 $

1760 $

North Average

North Median

SimcoeMuskDuff Municipality

$

$

67981 59456 $ 81767 $

32670 32427 $ 40292 $

2015 2016 2017 Building Construction Value (000 s)

1243 $

1266 $

3 Year Per Capita Avg

Barrie

Midland

Penetanguishene

Bracebridge

Tay

Orangeville

Tiny

Orillia

Huntsville

Collingwood

Gravenhurst

Innisfil

Springwater

$

$

$

$

$

$

$

$

$

$

$

$

198452 151050 $ 422093 $

15435 48610 $ NA

8779 21372 $ 24087 $

24677 31752 $ 48659 $

8114 31324 $ 32139 $

NA 66469 $ 98403 $

24944 36816 $ 44613 $

47585 167310 $ 83595 $

64944 80513 $ 80226 $

36760 106381 $ 108753 $

36867 40225 $ 69127 $

123878 158593 $ 278101 $

106828 133712 $ 144558 $

1754 $

1813 $

1952 $

2147 $

2259 $

2766 $

2838 $

3144 $

3705 $

3722 $

3838 $

4941 $

6570 $

SimcoeMuskDuff Av

SimcoeMuskDuff M

$

$

58105 82625 $ 119529 $

36814 66469 $ 81910 $

3188 $

2838 $

Socio Economic Indicators 59

Municipal Study 2018

Building Construction Activity Trend (contrsquod) (Grouped by Location) Southwest Municipality

Chatham‐Kent

Owen Sound

Sarnia

Windsor

Brantford

Tillsonburg

Haldimand

Norfolk

Central Elgin

Ingersoll

Brockton

St Marys

Brant

Meaford

Wilmot

Strathroy‐Caradoc

Cambridge

Wellington North

St Thomas

Kitchener

North Middlesex

Stratford

Woolwich

Erin

London

Minto

Guelph‐Eramosa

Middlesex Centre

Wellesley

Guelph

Mapleton

Lambton Shores

Saugeen Shores

Grey Highlands

Waterloo

North Dumfries

Centre Wellington

North Perth

Kincardine

Puslinch

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

2015 2016 2017

85229 26626 $ 39186 $

24945 15350 $ 43365 $

73574 103399 $ 107784 $

294220 317281 $ 354014 $

103685 184084 $ 202748 $

19570 35819 $ 24726 $

90517 91619 $ 56097 $

94216 109958 $ 139762 $

15447 28752 $ NA

15784 25444 $ 29010 $

17861 18023 $ 17500 $

12395 14205 $ 18506 $

85858 72248 $ 82372 $

12270 18152 $ 43521 $

35146 39777 $ 66481 $

37498 38239 $ 66530 $

169299 356417 $ 387236 $

18509 30497 $ 37736 $

125821 60878 $ 104249 $

565081 739739 $ 498219 $

11844 20377 $ 18089 $

80627 85170 $ 87198 $

56640 70121 $ 83376 $

27464 30580 $ 39400 $

708800 1410120 $ 1123805 $

23854 21292 $ 28762 $

39893 40780 $ 33167 $

48749 46806 $ 77635 $

48246 34777 $ 33855 $

500014 463247 $ 433798 $

57602 34254 $ 20755 $

30581 38932 $ 46370 $

36987 43620 $ 76696 $

40402 25731 $ 45711 $

340127 529025 $ 319979 $

24265 49783 $ 50355 $

96634 151126 $ 139196 $

43089 61682 $ 81008 $

77331 26981 $ 61522 $

31828 44020 $ 47920 $

Building Construction Value (000s)

488 $

1270 $

1293 $

1466 $

1587 $

1650 $

1721 $

1723 $

1730 $

1792 $

1806 $

2043 $

2129 $

2180 $

2199 $

2234 $

2278 $

2367 $

2411 $

2521 $

2584 $

2624 $

2674 $

2718 $

2756 $

2809 $

2899 $

3240 $

3341 $

3472 $

3557 $

3584 $

3692 $

3726 $

3740 $

3975 $

4490 $

4591 $

4756 $

5475 $

3 Year Per Capita Avg

Southwest Average

Southwest Median

$

$

107438 141305 $ 134729 $

48246 40780 $ 64002 $

2618 $

2521 $

Socio Economic Indicators 60

Municipal Study 2018

Summarymdash3 Year Average Building Construction Activity Per Capita (2015 2016 2017) mdash Total Survey by Location

GTA

SimcoeMuskDuff

NiagaraHamilton

Southwest

Eastern

North

Socio Economic Indicators 61

Municipal Study 2018

Financial Indicators

Municipal Financial Indicators 62

Municipal Study 2018

Financial Sustainability Indicators

As described by the Canadian Institute of Chartered Accountants (CICA) the intent of providing an evaluation of a municipalityrsquos financial condition is to evaluate a municipalityrsquos financial outlook and performance This will help form the foundation for the establishment of a long range financial plan

KeyKey fifinancinanciaall andand socisocioo‐‐ececonomiconomic iindicatorsndicators have been included to help evaluate each municipalityrsquos existing financial condition and to identify future challenges and opportunities Industry recognized indicators that are used by credit rating agencies andor recommended by Government Finance Officersrsquo

Association (GFOA) and the Ministry of Municipal Affairs and Housing have been included A number of indicators have been included

Sustainability

The ability to provide and maintain service and infrastructure levels without resorting to unplanned increases in rates or cuts to

services

Vulnerability

Addresses a municipalityrsquos

vulnerability to external sources of funding that it cannot control and its exposure to risks

Flexibility

The ability to issue debt responsibly without

impacting the credit rating Also the ability to generate required revenues

ldquoThe usefulness of indicators is not in the numbers themselves but the analysis of what is driving the indicator It may therefore be more useful to consider the combined results of several broad indicators in assessing performance rather than any one indicator on its ownrdquo

Source Local Government Financial Sustainability Nationally Consistent Frameworks published by

Local Government and Planning Ministersrsquo Council (Australia) May 2007

Municipal Financial Indicators 63

Municipal Study 2018

Net Financial Position Indicators

Financial position is a key indicator of a municipalityrsquos financial health Two key financial position indicators have been included to illustrate a municipalityrsquos financial position The net financial position is a broader measure of a municipalityrsquos indebtedness than debenture debt as it includes all of a municipalityrsquos financial assets and liabilities Net Financial Liabilities Ratio is total liabilities minus assets as a percentage of own source revenues This ratio indicates the extent to which financial liabilities could be met by its operating revenue A ratio greater than zero indicates that total liabilities exceed the total assets

Formula

Schedule 70 in the Financial Information Return is used in these calculations of Financial Position as well

as Own Source Revenues which is taken from Schedule 81

Net Financial Position per Capita = Net Financial Position

Population

Net Financial Liabilities Ratio = Net Financial Position

Own Source Revenues

Target

There is no optimal number or range for these indicators it varies according to a municipalityrsquos financial position

Interpretation

It is important that a municipality understands what is driving these indicators and monitors their

trends The financial position provides an indication of the

affordability of future municipal spending

Municipal Financial Indicators 64

Municipal Study 2018

Financial Indicators

The Financial Indicators section of the report includes a number of indicators to assist municipalities in evaluating financial condition Indicators related to Sustainability Vulnerability and Flexibility have been included It should be noted that Water and Wastewater indicators have also been included in the WaterWastewater section of the report

When the information is plotted over time these trends can be used to monitor changes in financial condition and alert the municipality to future problems We are committed to refining and developing

additional data to have more efficient and effective benchmarking tools for municipalities

Sustainability

Financial Position Per Capita

Net Financial Liabilities Ratio

Asset Consumption Ratio

Flexibility

Reserves

Tax Discretionary Reserves as a of Taxation

Discretionary Reserves as a of Own Source

Revenues

Reserves per Capita

Debt

Tax Debt Interest as a of Own Source Revenues

Debt Charges as a of Own Source Revenues

Total Debt Outstanding Per Capita

Debt Outstanding Per Own Source Revenues

Debt to Reserve Ratio

Tax Debt Outstanding per $100000 of Unweighted Assessment

Vulnerability

Taxes Receivable as a of Tax Levied

Rates Coverage Ratio

Municipal Financial Indicators 65

Municipal Study 2018

Financial Position Per CapitamdashTrend

A comparison was made of each municipalityrsquos overall financial position (financial assets less liabilities) over time on a per capita basis

Municipality 2013 2014 2015 2016 2017

Toronto $ (1668) $ (1962) $ (2192) $ (2379) $ (2460)

Ottawa $ (1448) $ (1634) $ (1736) $ (1998) $ (2299)

Greenstone $ (3734) $ (3669) $ (3082) $ (2610) $ (2117)

Bancroft $ (2053)

Pelham $ (133) $ (432) $ (531) $ (803) $ (1764)

Quinte West $ (383) $ (583) $ (1170) $ (1657) $ (1575)

Kingston $ (1060) $ (1341) $ (1283) $ (1365) $ (1434)

Port Colborne $ (498) $ (343) $ (741) $ (1404)

Owen Sound $ (774) $ (700) $ (1099) $ (1288) $ (1379)

Prince Edward County $ (1184) $ (1239) $ (1209) $ (1446) $ (1366)

Brockville $ (1238) $ (1234) $ (1201) $ (1271) $ (1334)

Thunder Bay $ (954) $ (1349) $ (1447) $ (1572) $ (1301)

Timmins $ (482) $ (677) $ (923) $ (990) $ (961)

North Perth $ (1171) $ (856) $ (899) $ (959)

Barrie $ (1538) $ (1396) $ (1492) $ (1329) $ (938)

Stratford $ (1621) $ (1581) $ (1267) $ (1002) $ (773)

Belleville $ 386 $ 179 $ (308) $ (456) $ (639)

Gravenhurst $ (1197) $ (1134) $ (1066) $ (829) $ (520)

Penetanguishene $ (399)

St Thomas $ 814 $ 653 $ 434 $ 128 $ (275)

Norfolk $ (132) $ (267)

Whitchurch ‐ Stouffville $ (329) $ (150) $ (63) $ (166) $ (212)

Middlesex Centre $ (847) $ (766) $ (633) $ (408) $ (152)

Guelph‐Eramosa $ (50) $ (53) $ (205) $ (74)

Oshawa $ (393) $ (340) $ (272) $ (170) $ (23)

Orangeville $ (363) $ (202) $ (60) $ (198) $ (21)

North Stormont $ 223 $ (91) $ (119) $ (62) $ 11

Meaford $ (521) $ (372) $ (304) $ (95) $ 73

St Catharines $ 178 $ (35) $ (87) $ (19) $ 88

Minto $ 196 $ 113 $ (11) $ 98

King $ (766) $ (718) $ (364) $ (201) $ 100

Cornwall $ 292 $ 154 $ 175 $ 36 $ 126

Brant County $ (485) $ (309) $ (187) $ (373) $ 142

Erin $ 79 $ 174 $ 172 $ 146

Mapleton $ 383 $ 384 $ 178

St Marys (91) $ 247 $ 269 $ 183 $

Municipal Financial Indicators 66

Municipal Study 2018

Financial Position Per CapitamdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Tillsonburg $ (21) $ 10 $ 60 $ 52 $ 230

Georgina $ 132 $ 192 $ 205 $ 246 $ 243

Brockton $ 277

Wainfleet $ 319 $ 512 $ 539 $ 424 $ 347

Welland $ 28 $ 25 $ 68 $ 220 $ 365

Tay $ 379

Grey Highlands $ 275 $ 401 $ 320 $ 398 $ 384

Huntsville $ (6) $ 133 $ 206 $ 282 $ 425

Hamilton $ 315 $ 259 $ 154 $ 263 $ 435

Collingwood $ (369) $ (146) $ (244) $ 241 $ 448

Caledon $ 517 $ 359 $ 355 $ 460 $ 462

North Bay $ 39 $ 176 $ 122 $ 323 $ 464

Puslinch $ 395 $ 448 $ 492 $ 528

Saugeen Shores $ 358 $ 360 $ 358 $ 518 $ 590

Springwater $ 434 $ 458 $ 498 $ 581 $ 649

Cambridge $ 707 $ 717 $ 722 $ 726 $ 650

Sarnia $ 152 $ 94 $ 213 $ 376 $ 652

Lambton Shores $ (889) $ (606) $ (262) $ 222 $ 655

Tiny $ 656

Brampton $ 866 $ 672 $ 731 $ 688 $ 661

London $ 294 $ 334 $ 508 $ 613 $ 670

Clarington $ 648 $ 600 $ 596 $ 655 $ 677

Windsor $ 510 $ 618 $ 653 $ 731 $ 715

Milton $ 774 $ 774 $ 856 $ 970 $ 717

Guelph $ 247 $ 405 $ 572 $ 658 $ 719

Peterborough $ 1235 $ 1157 $ 981 $ 915 $ 758

Centre Wellington $ 580 $ 571 $ 836 $ 817

Strathroy‐Caradoc $ (130) $ 28 $ 248 $ 638 $ 832

Ingersoll $ 43 $ 242 $ 431 $ 640 $ 856

North Middlesex $ 383 $ 685 $ 887

Kitchener $ 764 $ 802 $ 872 $ 918 $ 888

Wellesley $ 915 $ 854 $ 861 $ 904 $ 890

Fort Erie $ 530 $ 654 $ 759 $ 829 $ 890

Elliot Lake $ 228 $ 335 $ 510 $ 748 $ 892

East Gwillimbury $ 333 $ 421 $ 459 $ 522 $ 894

Burlington 889 $ 880 $ 920 $ 905 $ 927 $

Municipal Financial Indicators 67

Municipal Study 2018

Financial Position Per CapitamdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Newmarket 719 $ 716 $ 708 $ 881 $ 927 $

Espanola 444 $ 934 $

Mississauga 604 $ 495 $ 640 $ 691 $ 948 $

Chatham‐Kent 241 $ 440 $ 704 $ 948 $

Sault Ste Marie 675 $ 693 $ 772 $ 727 $ 983 $

Parry Sound 1347 $ 1245 $ 1228 $ 995 $

Brock 601 $ 766 $ 868 $ 953 $ 1039 $

Whitby 994 $ 994 $ 999 $ 1097 $ 1051 $

Woolwich 912 $ 915 $ 1000 $ 1169 $ 1100 $

Halton Hills 682 $ 771 $ 737 $ 992 $ 1117 $

Brantford 1132 $ 1132 $

Greater Sudbury 1126 $ 906 $ 1042 $ 1226 $ 1162 $

Grimsby 1314 $ 1276 $ 1444 $ 1174 $

Lincoln 1212 $ 1154 $ 1279 $ 1313 $ 1197 $

Thorold 832 $ 961 $ 1052 $ 1196 $ 1213 $

Markham 1327 $ 1285 $ 1247 $ 1223 $ 1262 $

Waterloo 1190 $ 1253 $ 1238 $ 1259 $ 1283 $

North Dumfries 1010 $ 1151 $ 1238 $ 1291 $

Orillia 817 $ 776 $ 1271 $ 1357 $ 1310 $

West Lincoln 1224 $ 1104 $ 1056 $ 1068 $ 1343 $

Richmond Hill 1421 $ 1350 $

Wilmot 1051 $ 1091 $ 1111 $ 1249 $ 1403 $

Pickering 940 $ 1134 $ 1205 $ 1288 $ 1454 $

Niagara‐on‐the‐Lake 1462 $ 1607 $ 1421 $ 1541 $ 1456 $

Oakville 1620 $ 1884 $ 1328 $ 1522 $ 1486 $

Wellington North 950 $ 1177 $ 1493 $ 1589 $

Bracebridge 1376 $ 1555 $ 1680 $ 1839 $ 1666 $

Vaughan 957 $ 1029 $ 1007 $ 1124 $ 1688 $

Haldimand 1461 $ 1513 $ 1688 $

Kincardine 2280 $ 2570 $ 2366 $ 2578 $

Kenora 1740 $ 1861 $ 4555 $ 4799 $ 4634 $

Innisfil 413 $ 378 $ 412 $ 4983 $ 4914 $

Average $ 166 $ 251 $ 320 $ 438 $ 435 Median $ 317 $ 378 $ 437 $ 613 $ 651

Column1 1 2 3 4 5

Municipal Financial Indicators 68

Municipal Study 2018

Financial Position Per CapitamdashTrend (contrsquod)

Municipality

Region Waterloo

Region York

Region Niagara

Region Peel

District Muskoka

Region Durham

Region Halton

$

$

$

$

$

$

$

2013

(744)

(1218)

(1)

(37)

(332)

1121

1444

$

$

$

$

$

$

$

2014

(987)

(1362)

(65)

(69)

(204)

1203

1600

$

$

$

$

$

$

$

2015

(1044)

(1215)

(155)

(101)

38

1327

1965

$

$

$

$

$

$

$

2016

(1229)

(1209)

(223)

8

303

1579

2097

$

$

$

$

$

$

$

2017

(1272)

(1052)

(180)

71

600

1799

2108

Average Median

$ $

33 (37)

$ $

17 (69)

$ $

116 (101)

$ $

189 8 $ $

296 71

Simcoe County

Bruce County

Dufferin County

Wellington County

Grey County

Elgin County

$ 304

$

$

$

$

$

$

(133)

(161)

(1)

371

395

235

$

$

$

$

$

$

(137)

(90)

65

442

378

262

$

$

$

$

$

$

(67)

(58)

83

186

326

339

Average Median

$ $

304 304

$ $

118 117

$ $

153 163

$ $

135 134

Municipal Financial Indicators 69

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend

Municipality 2013 2014 2015 2016 2017

Ottawa

Bancroft

Quinte West

Kingston

Prince Edward County

Brockville

Belleville

North Stormont

Cornwall

Peterborough Column1

Eastern Average

Eastern Median

$

$

$

$

$

$

$

$

$

$

$

(1448)

(383)

(1060)

(1184)

(1238)

386

223

292

1235

(353)

(383)

$

$

$

$

$

$

$

$

$

$

$

(1634)

(583)

(1341)

(1239)

(1234)

179

(91)

154

1157

(515)

(583)

$

$

$

$

$

$

$

$

$

$

$

(1736)

(1170)

(1283)

(1209)

(1201)

(308)

(119)

175

981

(652)

(1170)

$

$

$

$

$

$

$

$

$

$

$

(1998)

(1657)

(1365)

(1446)

(1271)

(456)

(62)

36

915

(812)

(1271)

$

$

$

$

$

$

$

$

$

$

$

$

(2299)

(2053)

(1575)

(1434)

(1366)

(1334)

(639)

11

126

758

(980)

(1350)

Municipality

Column1

2013 2014 2015 2016 2017

Toronto

Whitchurch ‐ Stouffville

Oshawa

King

Georgina

Caledon

Brampton

Clarington

Milton

East Gwillimbury

Burlington

Newmarket

Mississauga

Brock

Whitby

Halton Hills

Markham

Richmond Hill

Pickering

Oakville

Vaughan

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1668)

(329)

(393)

(766)

132

517

866

648

774

333

889

719

604

601

994

682

1327

940

1620

957

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1962)

(150)

(340)

(718)

192

359

672

600

774

421

880

716

495

766

994

771

1285

1134

1884

1029

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(2192)

(63)

(272)

(364)

205

355

731

596

856

459

920

708

640

868

999

737

1247

1205

1328

1007

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(2379)

(166)

(170)

(201)

246

460

688

655

970

522

905

881

691

953

1097

992

1223

1421

1288

1522

1124

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(2460)

(212)

(23)

100

243

462

661

677

717

894

927

927

948

1039

1051

1117

1262

1350

1454

1486

1688

GTA Average

GTA Median Column1

$

$

500

682

$

$

520

716

$

$

517

731

$

$

641

893

$

$

681

927

Municipal Financial Indicators 70

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Greenstone

Thunder Bay

Timmins

North Bay

Elliot Lake

Espanola

Sault Ste Marie

Parry Sound

Greater Sudbury

Kenora

$

$

$

$

$

$

$

$

$

(3734)

(954)

(482)

39

228

675

1126

1740

$

$

$

$

$

$

$

$

$

(3669)

(1349)

(677)

176

335

693

1347

906

1861

$

$

$

$

$

$

$

$

$

$

(3082)

(1447)

(923)

122

510

444

772

1245

1042

4555

$

$

$

$

$

$

$

$

$

(2610)

(1572)

(990)

323

748

727

1228

1226

4799

$

$

$

$

$

$

$

$

$

$

(2117)

(1301)

(961)

464

892

934

983

995

1162

4634

North Average

North Median

$

$

(151)

39

$

$

(42)

335

$

$

324

477

$

$

431

727

$

$

568

913

Municipality

Column1

2013 2014 2015 2016 2017

Barrie

Gravenhurst

Penetanguishene

Orangeville

Tay

Huntsville

Collingwood

Springwater

Tiny

Orillia

Bracebridge

Innisfil

$

$

$

$

$

$

$

$

$

(1538)

(1197)

(363)

(6)

(369)

434

817

1376

413

$

$

$

$

$

$

$

$

$

(1396)

(1134)

(202)

133

(146)

458

776

1555

378

$

$

$

$

$

$

$

$

$

(1492)

(1066)

(60)

206

(244)

498

1271

1680

412

$

$

$

$

$

$

$

$

$

(1329)

(829)

(198)

282

241

581

1357

1839

4983

$

$

$

$

$

$

$

$

$

$

$

$

(938)

(520)

(399)

(21)

379

425

448

649

656

1310

1666

4914

SimcoeMuskDuff Average

SimcoeMuskDuff Median Column1

$

$

(48)

(6)

$

$

47

133

$

$

134

206

$

$

770

282

$

$

714

437

Municipal Financial Indicators 71

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Owen Sound

North Perth

Stratford

St Thomas

Norfolk

Middlesex Centre

Guelph‐Eramosa

Meaford

Minto

Brant County

Erin

Mapleton

St Marys

Tillsonburg

Brockton

Grey Highlands

Puslinch

Saugeen Shores

Cambridge

Sarnia

Lambton Shores

London

Windsor

Guelph

Centre Wellington

Strathroy‐Caradoc

Ingersoll

North Middlesex

Kitchener

Wellesley

Chatham‐Kent

Woolwich

Brantford

Waterloo

North Dumfries

Wilmot

Wellington North

Haldimand

Kincardine

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(774)

(1171)

(1621)

814

(847)

(521)

(485)

(21)

275

358

707

152

(889)

294

510

247

(130)

43

764

915

912

1190

1051

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(700)

(1581)

653

(766)

(50)

(372)

196

(309)

79

383

(91)

10

401

395

360

717

94

(606)

334

618

405

580

28

242

802

854

241

915

1253

1010

1091

950

2280

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1099)

(856)

(1267)

434

(633)

(53)

(304)

113

(187)

174

384

247

60

320

448

358

722

213

(262)

508

653

572

571

248

431

383

872

861

440

1000

1238

1151

1111

1177

1461

2570

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1288)

(899)

(1002)

128

(132)

(408)

(205)

(95)

(11)

(373)

172

269

52

398

492

518

726

376

222

613

731

658

836

638

640

685

918

904

704

1169

1132

1259

1238

1249

1493

1513

2366

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

(1379)

(959)

(773)

(275)

(267)

(152)

(74)

73

98

142

146

178

183

230

277

384

528

590

650

652

655

670

715

719

817

832

856

887

888

890

948

1100

1132

1283

1291

1403

1589

1688

2578

Southwest Average

Southwest Median Column1

$

$

49

200 1

$

$

315

360 2

$

$

391

408 3

$

$

478

613 4

$

$

543

652 5

Municipal Financial Indicators 72

Municipal Study 2018

Financial Position Per Capita By Geographic LocationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Pelham

Port Colborne

St Catharines

Wainfleet

Welland

Hamilton

Fort Erie

Grimsby

Lincoln

Thorold

West Lincoln

Niagara‐on‐the‐Lake

$

$

$

$

$

$

$

$

$

$

(133)

178

319

28

315

530

1212

832

1224

1462

$

$

$

$

$

$

$

$

$

$

$

$

(432)

(498)

(35)

512

25

259

654

1314

1154

961

1104

1607

$

$

$

$

$

$

$

$

$

$

$

$

(531)

(343)

(87)

539

68

154

759

1276

1279

1052

1056

1421

$

$

$

$

$

$

$

$

$

$

$

$

(803)

(741)

(19)

424

220

263

829

1444

1313

1196

1068

1541

$

$

$

$

$

$

$

$

$

$

$

$

(1764)

(1404)

88

347

365

435

890

1174

1197

1213

1343

1456

NiagaraHamilton Average

NiagaraHamilton Median Column1

$

$

629

530

$

$

552

583

$

$

604

759

$

$

619

829

$

$

445

663

Municipality 2013 2014 2015 2016 2017

Region Waterloo

Region York

Region Niagara

Region Peel

District Muskoka

Region Durham

Region Halton

$

$

$

$

$

$

$

(744)

(1218)

(1)

(37)

(332)

1121

1444

$

$

$

$

$

$

$

(987)

(1362)

(65)

(69)

(204)

1203

1600

$

$

$

$

$

$

$

(1044)

(1215)

(155)

(101)

38

1327

1965

$

$

$

$

$

$

$

(1229)

(1209)

(223)

8

303

1579

2097

$

$

$

$

$

$

$

(1272)

(1052)

(180)

71

600

1799

2108

Average

Median

$

$

33

(37)

$

$

17

(69)

$

$

116

(101)

$

$

189

8

$

$

296

71

Simcoe County

Bruce County

Dufferin County

Wellington County

Grey County

Elgin County

$ 304

$

$

$

$

$

$

(133)

(161)

(1)

371

395

235

$

$

$

$

$

$

(137)

(90)

65

442

378

262

$

$

$

$

$

$

(67)

(58)

83

186

326

339

Average

Median

$

$

$

$

304

304

$

$

118

117

$

$

153

163

$

$

135

134

Municipal Financial Indicators 73

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend

Municipality 2013 2014 2015 2016 2017

Innisfil (026) (024) (023) (308) (315)

North Dumfries (159) (169) (171) (181)

Wilmot (144) (152) (152) (157) (177)

Kenora (075) (076) (184) (181) (176)

Pickering (121) (141) (140) (145) (166)

Wellesley (192) (161) (157) (152) (157)

Bracebridge (149) (162) (162) (169) (152)

Woolwich (146) (142) (154) (141) (151)

Wellington North (083) (103) (124) (137)

Vaughan (090) (099) (094) (086) (136)

Lincoln (149) (136) (151) (144) (135)

Grimsby (149) (142) (149) (132)

Markham (142) (135) (129) (116) (125)

Kincardine (108) (118) (108) (117)

Brock (073) (088) (099) (108) (116)

Halton Hills (083) (087) (080) (100) (115)

Richmond Hill (120) (114)

West Lincoln (185) (169) (146) (140) (112)

Oakville (137) (156) (110) (116) (112)

Whitby (118) (119) (117) (112) (098)

Mississauga (071) (056) (071) (066) (093)

Waterloo (087) (089) (088) (087) (092)

Thorold (063) (076) (082) (087) (091)

Niagara‐on‐the‐Lake (104) (109) (092) (097) (090)

Milton (094) (091) (099) (114) (085)

Clarington (089) (080) (077) (079) (085)

Burlington (083) (082) (084) (079) (080)

Centre Wellington (057) (057) (071) (079)

Puslinch (061) (070) (068) (076)

Newmarket (063) (063) (060) (068) (074)

Haldimand (053) (067) (074)

Ingersoll (004) (020) (035) (051) (071)

Brampton (122) (077) (080) (067) (068)

Springwater (050) (052) (054) (058) (065)

Strathroy‐Caradoc 012 (002) (021) (049) (062)

Fort Erie (039) (048) (053) (053) (059)

Municipal Financial Indicators 74

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Kitchener (052) (054) (060) (061) (058)

Tiny (057)

Elliot Lake (014) (022) (031) (045) (055)

Orillia (038) (035) (054) (055) (054)

Cambridge (062) (063) (063) (058) (053)

North Middlesex (028) (043) (050)

East Gwillimbury (031) (037) (040) (026) (049)

Brantford (047) (049)

Greater Sudbury (049) (039) (045) (050) (047)

Huntsville 001 (015) (024) (032) (045)

Sault Ste Marie (030) (030) (033) (031) (041)

Caledon (049) (033) (031) (038) (040)

Chatham‐Kent (011) (021) (032) (040)

Sarnia (011) (006) (014) (022) (039)

Espanola (036)

Parry Sound (045) (045) (041) (034)

Lambton Shores 052 031 012 (011) (034)

Saugeen Shores (022) (022) (021) (028) (033)

Wainfleet (035) (055) (057) (045) (031)

Peterborough (053) (050) (042) (036) (031)

London (014) (016) (023) (027) (030)

Grey Highlands (024) (035) (027) (031) (030)

Windsor (023) (027) (027) (030) (030)

Guelph (010) (016) (022) (025) (028)

Tay (028)

Welland (002) (002) (005) (015) (025)

Georgina (014) (018) (018) (021) (021)

Mapleton (060) (052) (021)

Collingwood 016 006 010 (010) (020)

Brockton (020)

Tillsonburg 002 (001) (005) (004) (019)

North Bay (002) (008) (005) (013) (019)

Hamilton (014) (012) (007) (011) (018)

Erin (010) (020) (020) (018)

Minto (016) (009) 001 (008)

St Catharines (017) 003 008 002 (007)

Municipal Financial Indicators 75

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

St Marys 003 (009) (010) (007)

Brant County 030 012 011 020 (006)

King 042 037 018 012 (006)

Cornwall (014) (007) (008) (001) (005)

Meaford 033 023 018 005 (004)

North Stormont (021) 010 013 009 (002)

Orangeville 024 013 004 011 001

Oshawa 042 035 026 015 002

Guelph‐Eramosa 007 007 025 009

Middlesex Centre 073 063 042 025 010

St Thomas (045) (035) (023) (006) 013

Norfolk 007 015

Whitchurch ‐ Stouffville 036 015 007 015 019

Penetanguishene 023

Belleville (018) (008) 013 019 026

Stratford 064 063 048 036 028

Thunder Bay 024 033 033 037 030

Timmins 021 029 038 038 036

Gravenhurst 109 099 085 061 038

Barrie 078 070 072 059 042

Kingston 039 048 046 045 047

Greenstone 096 090 073 059 048

North Perth 088 054 049 049

Brockville 058 058 052 052 055

Owen Sound 041 037 056 062 066

Prince Edward County 074 072 065 073 069

Toronto 056 065 068 070 076

Ottawa 056 062 066 071 084

Port Colborne 046 023 057 090

Quinte West 029 041 077 101 093

Bancroft 112

Pelham 015 047 057 074 163

Average (029) (031) (035) (040) (040)

Median (022) (022) (027) (032) (034)

Municipal Financial Indicators 76

Municipal Study 2018

Net Financial Liabilities RatiomdashTrend (contrsquod)

Municipality

Region Halton

Region Durham

District Muskoka

Region Peel

Region Niagara

Region York

Region Waterloo

2013

(125)

(085)

017

004

000

102

062

2014

(137)

(088)

010

007

005

111

080

2015

(164)

(096)

(002)

010

012

093

083

2016

(167)

(106)

(015)

(001)

017

086

091

2017

(175)

(122)

(030)

(007)

014

075

097

Average

Median

(004)

004

(002)

007

(009)

010

(013)

(001)

(021)

(007)

Grey County

Elgin County

Wellington County

Dufferin County

Bruce County

Simcoe County

(027)

(051)

(028)

(032)

000

019

021

(051)

(031)

(036)

(009)

011

022

(043)

(039)

(038)

(010)

007

010

Average

Median

(027)

(027)

(012)

(014)

(016)

(020)

(019)

(024)

Municipal Financial Indicators 77

Municipal Study 2018

Total Asset Consumption Ratio

This indicator provides an estimate of the useful life left in the municipalityrsquos capital assets

Municipalities are facing significant infrastructure challenges Therefore it is important to keep informed of the age and condition of its capital assets to ensure they are making timely and appropriate investments This is calculated using Schedule 51 of the Financial Information Return

Formula

Total Accumulated Amortization

Total Gross Costs of Capital Assets

Interpretations

This ratio shows the value of the tangible capital assets that have been consumed This ratio seeks to highlight the aged condition of the assets and the potential asset replacement needs A higher ratio may

indicate significant replacement needs However if assets are renewed and replaced in accordance with an asset management plan a high ratio should not be a cause for concern The Ministry of Municipal Affairs and Housing considers a ratio of 25 or under to be relatively new 26‐50 to be moderately new 51‐75 to be moderately old and over 75 to be old

Summarymdash2017 Asset Consumption RatiomdashTotal Survey

0‐25

26‐50

51‐75

greater than 75

Total Asset Consumption Tax Asset Consumption

Municipal Financial Indicators 78

Municipal Study 2018

Total Asset Consumption Ratio Trend

Municipalities 2013 2014 2015 2016 2017

Vaughan 109 112 115 120 120

Markham 183 188 194 199 198

Mississauga 174 182 191 196 204

Grimsby 244 252 262 272 271

Penetanguishene 274

Whitchurch ‐ Stouffville 244 254 266 269 275

Milton 286 285 269 283 290

Ottawa 269 268 276 284 292

Barrie 246 261 270 281 294

Woolwich 256 265 275 290 298

Niagara‐on‐the‐Lake 268 273 280 291 302

Brampton 274 278 279 290 302

Lambton Shores 272 283 298 294 310

Kitchener 338 339 307 304 314

St Marys 289 300 314 317 319

Oakville 310 319 315 320 319

Georgina 254 271 286 303 319

Middlesex Centre 284 303 312 321 326

Tay 331

North Middlesex 304 322 337

Innisfil 293 298 296 334 339

North Perth 324 327 340

Springwater 295 310 324 338 352

Owen Sound 376 382 359 350 355

Burlington 326 335 341 349 358

London 339 346 353 359 362

North Stormont 326 325 335 351 369

Guelph‐Eramosa 338 344 361 376 371

King 447 422 394 393 377

Newmarket 357 362 375 373 377

East Gwillimbury 384 392 402 375 379

Hamilton 362 371 368 370 379

Port Colborne 354 373 384 393 380

Kingston 358 359 369 367 380

West Lincoln 360 369 376 370 380

Whitby 341 354 368 378 384

Municipal Financial Indicators 79

Municipal Study 2018

Total Asset Consumption Ratio (contrsquod)

Municipalities 2013 2014 2015 2016 2017

Ingersoll 362 362 369 371 386

Parry Sound 344 362 376 381 386

Brockville 370 382 395 397 388

Waterloo 351 359 369 381 389

Stratford 357 368 378 390 389

Orillia 357 367 382 383 390

Centre Wellington 390 372 376 387 391

Toronto 425 425 416 409 393

Espanola 377 393

Brant County 394 397 395 386 395

Collingwood 353 368 382 381 396

Thorold 367 365 373 392 397

Welland 346 359 375 385 397

Clarington 374 379 380 388 400

Wilmot 390 410 358 383 401

Cambridge 404 401 397 391 404

Oshawa 383 386 391 399 406

Peterborough 386 387 395 404 408

Norfolk 399 410

St Catharines 403 390 388 400 410

Belleville 407 417 426 420 411

Saugeen Shores 354 374 387 401 413

Sault Ste Marie 380 383 394 401 416

Fort Erie 366 383 394 406 419

Richmond Hill 390 415 422

Sarnia 376 392 407 419 423

Lincoln 431 401 413 416 428

Cornwall 452 454 420 423 428

Strathroy‐Caradoc 403 403 403 423 428

Windsor 389 392 410 423 430

Orangeville 397 388 402 427 437

Pelham 398 408 413 427 437

Tillsonburg 393 413 422 439 441

North Bay 413 413 415 428 445

Timmins 475 486 490 422 445

St Thomas 453 459 467 466 446

Municipal Financial Indicators 80

Municipal Study 2018

Total Asset Consumption Ratio (contrsquod)

Municipalities 2013 2014 2015 2016 2017

Prince Edward County 408 424 435 436 449

Guelph 409 421 435 440 450

Wainfleet 459 477 472 478 451

Halton Hills 430 434 424 436 453

Minto 441 447 447 457 463

Kenora 368 441 389 399 468

Erin 412 429 443 455 469

Haldimand 470 473 475

Bracebridge 436 451 452 466 477

Chatham‐Kent 439 450 460 474 479

Brantford 475 482

Brockton 483

Bancroft 490

Pickering 507 520 503 506 502

Greater Sudbury 491 493 486 497 503

Kincardine 426 439 445 446 505

Huntsville 412 440 468 484 507

Meaford 495 510 513 515 512

Caledon 526 558 549 532 512

Brock 445 465 482 498 516

Wellington North 495 510 526 534 542

Grey Highlands 482 505 515 533 547

Greenstone 490 503 526 541 551

Tiny 551

Thunder Bay 544 551 550 552 566

Gravenhurst 341 359 381 405 571

North Dumfries 197 220 338 348 621

Mapleton 619 628 646 639

Quinte West 658 667 662 668 654

Puslinch 632 642 651 657

Wellesley 621 646 671 692 716

Elliot Lake 784 788 787 793 796

Average 380 388 396 402 418

Median 376 383 387 393 405

Municipal Financial Indicators 81

Municipal Study 2018

Total Asset Consumption Ratio (contrsquod)

Municipalities

Region York

Region Halton

Region Peel

Region Durham

Region Waterloo

Region Niagara

District Muskoka

2013

320

257

251

316

413

424

413

2014

322

264

255

320

421

427

433

2015

291

258

260

330

415

432

440

2016

279

264

270

328

424

416

460

2017

266

271

282

336

347

425

478

Average

Median

342

320

349

322

347

330

349

328

344

336

Simcoe County

Wellington County

Dufferin County

Bruce County

Elgin County

Grey County

391

322

406

419

417

446

580

330

419

422

423

457

593

344

426

431

436

465

596

Average

Median

391

391

432

418

441

422

450

434

Municipal Financial Indicators 82

Municipal Study 2018

Tax Asset Consumption Ratio

Municipalities 2017

Vaughan 107

Markham 167

Mississauga 204

Grimsby 253

Barrie 281

Milton 290

Ottawa 300

Brampton 302

Whitchurch ‐ Stouffville 304

Woolwich 317

Oakville 319

North Perth 328

Kitchener 329

Penetanguishene 334

Innisfil 339

Niagara‐on‐the‐Lake 340

East Gwillimbury 341

St Marys 344

Collingwood 345

London 350

Burlington 358

Georgina 359

Owen Sound 367

Tay 368

Springwater 372

Orillia 374

Newmarket 377

North Middlesex 380

Port Colborne 382

Middlesex Centre 384

Whitby 384

Ingersoll 386

Stratford 386

Lambton Shores 392

Toronto 394

St Thomas 394

Municipalities 2017

Hamilton 399

Guelph‐Eramosa 399

Peterborough 400

Clarington 400

Kingston 405

Waterloo 406

Oshawa 406

North Stormont 412

Sault Ste Marie 414

Sarnia 417

Welland 418

Norfolk 419

Brant County 425

Espanola 426

Parry Sound 428

West Lincoln 429

Cambridge 433

Windsor 433

Wilmot 434

Pelham 437

Centre Wellington 440

Richmond Hill 440

St Catharines 443

King 443

Tillsonburg 444

Guelph 448

Wainfleet 451

Halton Hills 453

Thorold 457

Brockville 457

Belleville 457

Cornwall 462

Fort Erie 468

Bracebridge 477

Lincoln 479

Orangeville 482

Municipal Financial Indicators 83

Municipal Study 2018

Tax Asset Consumption Ratio

Municipalities 2017

North Bay

Chatham‐Kent

Saugeen Shores

Kenora

Meaford

Erin

Pickering

Prince Edward County

Huntsville

Caledon

Haldimand

Brock

Brockton

Kincardine

Brantford

Minto

Timmins

Grey Highlands

Greater Sudbury

Strathroy‐Caradoc

Tiny

Thunder Bay

Greenstone

Gravenhurst

Bancroft

North Dumfries

Wellington North

Puslinch

Mapleton

Quinte West

Wellesley

Elliot Lake

486

486

489

497

498

501

502

504

507

512

513

516

519

524

527

539

548

550

554

568

569

569

571

571

615

621

623

657

672

701

716

784

Average

Median

438

431

Municipalities 2017

Region Waterloo

Region Halton

Region York

Region Peel

Region Durham

Region Niagara

District Muskoka

298

301

334

358

380

387

520

Average

Median

368

358

Simcoe County

Wellington County

Dufferin County

Bruce County

Elgin County

Grey County

344

426

431

436

465

596

Average

Median

450

434

Municipal Financial Indicators 84

Municipal Study 2018

Reserves

Reserves are a critical component of a municipalityrsquos long‐term financing plan The purpose for maintaining reserves is to

Provide stability of tax rates in the face of variable and uncontrollable factors (consumption interest

rates unemployment rates changes in subsidies)

Provide financing for one‐time or short‐term requirements without permanently impacting the tax and

utility rates

Make provisions for replacementsacquisitions of assetsinfrastructure that are currently being

consumed and depreciated

Avoid spikes in funding requirements of the capital budget by reducing their reliance on long‐term debt borrowings

Provide a source of internal financing

Ensure adequate cash flows

Provide flexibility to manage debt levels and protect the municipalityrsquos financial position

Provide for future liabilities incurred in the current year but paid for in the future

Three financial indicators have been included for tax reserves In each case the water and wastewater reserves and reserve funds have been excluded as well as obligatory reserve funds

Reserve Financial Indicator One Tax Discretionary Reserves as a of Taxation

This provides the total tax discretionary reserves and reserve funds using Schedule 60 of the Financial Information Returns (columns 2 and 3) in relation to total taxation (Schedule 10 of the Financial Information Return)

Formula

Tax Discretionary Reserves

Taxation

Municipal Financial Indicators 85

Municipal Study 2018

Reserve Financial Indicator Two Tax Discretionary Reserves per Capita

This provides the total tax discretionary reserves in relation to the population

Formula

Tax Discretionary Reserves

Population

Reserve Financial Indicator Three Tax Discretionary Reserves as a of Own Source Revenues

This indicator shows the total value of funds held in reserves and reserve funds compared to a single yearrsquos own source revenue and is a strong indicator of financial stability This provides the total tax discretionary reserves and reserve funds using Schedule 60 of the Financial Information Returns (columns 2 and 3) in relation to own source revenues (Schedule 81 of the Financial Information Return less water and wastewater own source revenues which are on Schedule 12)

Formula

Tax Discretionary Reserves

Own Source Revenues

Interpretations

Reserves offer liquidity which enhances the municipalityrsquos flexibility in addressing operating

requirements and in permitting the municipality to temporarily fund capital projects internally allowing

it time to access debt markets and take advantage of favourable conditions The level of reserves required will vary for a number of reasons including

Services provided by the municipality

Age and condition of infrastructure inventory of fleet and vehicles supporting municipal operations

Level of expenditures

Internal debt and reserve policies

Targets ranges established on a reserve by reserve basis

Economic conditions and projections

Municipal Financial Indicators 86

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend

Municipality 2013 2014 2015 2016 2017

Orillia ‐21 ‐12 ‐5 ‐17 ‐33

Pelham 15 9 18 25 ‐7

Newmarket 32 15 ‐3 2 3

Brockville 12 14 13 15 17

St Thomas 27 20 18 25 21

Strathroy‐Caradoc 4 3 5 21 24

Tillsonburg 31 33 26 23 28

Markham 156 111 99 80 29

Ottawa 23 24 22 23 29

Barrie 31 30 31 31 30

Guelph 41 36 33 36 30

Sault Ste Marie 28 28 30 28 32

Prince Edward County 39 38 42 39 33

Brantford 42 36

Timmins 31 33 32 34 36

Greenstone 27 28 35 38 37

Belleville 23 24 28 33 38

Orangeville 20 20 25 33 38

Tiny 39

Quinte West 38 34 32 35 39

North Bay 29 29 29 38 42

Bancroft 42

Sarnia 25 26 27 32 43

Greater Sudbury 54 54 57 52 44

Wilmot 51 56 56 42 45

St Catharines 56 53 41 43 45

Kitchener 34 36 45 45 46

Huntsville 51 60 39 40 47

Toronto 53 48 45 45 47

Whitchurch ‐ Stouffville 89 88 87 67 49

Woolwich 57 47 46 53 49

Windsor 52 53 56 56 50

Niagara‐on‐the‐Lake 61 60 51 63 52

Waterloo 77 88 76 55 54

Stratford 50 49 52 53 55

Caledon 79 74 54 57 55

Municipal Financial Indicators 87

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Erin 48 49 57 56

Guelph‐Eramosa 44 48 51 56

Grey Highlands 63 48 52 58 57

Meaford 37 45 46 48 59

Hamilton 62 61 58 56 59

Thunder Bay 67 59 55 52 59

Oshawa 38 34 46 52 59

Espanola 60

Grimsby 91 82 65 61

Collingwood 65 59 59 53 61

Penetanguishene 62

Lincoln 101 78 75 70 62

Cornwall 64 66 66 62 63

Peterborough 65 63 61 64 63

Cambridge 54 56 64 64 63

Minto 58 60 57 68

North Stormont 57 50 48 64 70

Ingersoll 33 30 42 55 70

Innisfil 82 76 70 63 71

Georgina 54 60 62 65 71

Centre Wellington 94 92 114 71

Wainfleet 66 87 90 80 75

Fort Erie 56 61 69 73 77

St Marys 78 87 82 78

Bracebridge 77 74 52 59 80

Mississauga 79 79 80 85 81

Norfolk 86 81

Vaughan 85 79 70 102 83

Brampton 68 71 73 76 83

Burlington 79 78 80 84 84

Welland 81 76 70 80 84

Kincardine 137 112 93 85

Kingston 76 73 80 80 86

King 59 63 82 83 86

Gravenhurst 91 83 73 76 86

London 61 76 78 81 88

Municipal Financial Indicators 88

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Owen Sound

Tay

Brant County

Lambton Shores

Middlesex Centre

Port Colborne

Chatham‐Kent

North Perth

Parry Sound

Halton Hills

Brockton

Kenora

Wellington North

Wellesley

Springwater

Puslinch

Oakville

Elliot Lake

Pickering

Whitby

North Dumfries

Clarington

Milton

Saugeen Shores

Mapleton

North Middlesex

Brock

Richmond Hill

Thorold

West Lincoln

East Gwillimbury

102

30

32

79

62

110

115

154

104

65

53

112

0

139

119

159

118

182

155

69

103

100

45

76

41

86

138

64

111

137

100

156

82

132

71

80

109

54

138

112

144

55

127

193

157

74

98

94

64

83

89

98

90

123

71

117

132

101

104

94

113

70

75

110

50

129

160

132

94

125

135

207

133

72

91

92

77

93

94

94

91

111

87

106

103

105

101

93

112

100

74

111

63

120

171

129

141

150

189

192

124

156

90

90

92

93

93

94

95

95

95

96

96

98

98

101

101

102

104

105

110

111

111

119

124

126

131

154

155

173

196

204

208

Average

Median

65

61

68

61

70

69

74

65

73

68

Municipal Financial Indicators 89

Municipal Study 2018

Tax Discretionary Reserves (less WWW) as of TaxationmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Region Waterloo

Region Niagara

District Muskoka

Region Peel

Region Durham

Region Halton

Region York

40

42

67

119

113

155

178

48

43

67

120

122

172

191

42

47

72

119

137

208

212

44

45

79

126

150

219

223

41

46

91

127

165

214

223

Average

Median

102

113

109

120

120

119

126

126

130

127

Elgin County

Bruce County

Dufferin County

Wellington County

Grey County

Simcoe County

80

21

55

50

83

90

63

32

57

59

75

87

69

48

58

66

79

85

87

Average

Median

80

80

60

59

63

64

71

73

Municipal Financial Indicators 90

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend

Municipality 2013 2014 2015 2016 2017

Orillia ‐17 ‐10 ‐4 ‐13 ‐27

Pelham 13 7 16 20 ‐6

Newmarket 23 11 ‐2 2 2

Brockville 10 11 11 11 13

St Thomas 21 16 15 20 17

Markham 90 65 59 49 18

Strathroy‐Caradoc 3 3 4 16 18

Kitchener 14 15 19 20 19

Tillsonburg 23 23 18 17 20

Ottawa 16 17 16 16 21

Guelph 31 27 25 28 23

Toronto 28 25 22 22 23

Barrie 25 24 25 25 24

Sault Ste Marie 20 21 22 21 24

Thunder Bay 27 24 22 23 24

Timmins 23 25 25 26 26

Brantford 30 26

Prince Edward County 31 30 34 31 27

Greenstone 19 21 27 29 28

Wilmot 31 36 37 28 28

Niagara‐on‐the‐Lake 38 37 32 38 29

Orangeville 16 16 20 28 30

Whitchurch ‐ Stouffville 61 56 59 47 31

Belleville 19 20 24 28 31

Woolwich 40 33 32 31 32

St Catharines 42 39 29 31 32

Huntsville 38 40 27 29 32

North Bay 22 22 23 30 33

Greater Sudbury 39 39 41 38 33

Tiny 33

Windsor 38 38 38 36 33

Sarnia 20 20 21 26 34

Quinte West 34 30 29 32 35

Waterloo 49 56 50 35 35

Bancroft 36

Stratford 35 34 36 37 37

Municipal Financial Indicators 91

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Caledon 54 53 39 40 40

Minto 36 39 37 43

Erin 36 32 45 43

Oshawa 29 26 33 37 43

Centre Wellington 53 56 60 44

Hamilton 46 46 44 42 44

Cornwall 44 46 47 44 44

Guelph‐Eramosa 33 38 40 45

Peterborough 43 44 43 45 45

Innisfil 55 53 51 41 46

Grey Highlands 45 37 42 46 47

Espanola 34 47

North Stormont 0 0 0 43 47

Cambridge 39 42 50 49 48

Meaford 31 38 38 40 48

Lincoln 74 58 60 55 48

Penetanguishene 49

Collingwood 52 45 46 43 50

Grimsby 0 74 65 51 50

Mississauga 48 50 51 52 50

St Marys 57 64 60 51

Wainfleet 52 69 73 67 53

Vaughan 59 57 50 70 55

Welland 51 53 48 57 56

Brant County 25 51 78 77 57

Kincardine 47 70 69 58

Kingston 52 49 55 56 58

Burlington 53 53 56 59 58

North Perth 58 58 56 58

Ingersoll 28 24 35 46 59

Georgina 44 45 48 52 59

Brampton 57 50 51 53 59

Bracebridge 61 58 40 45 61

Whitby 72 72 72 70 63

Fort Erie 47 51 59 62 65

Norfolk 70 66

Municipal Financial Indicators 92

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Brockton 66

King 34 36 50 59 66

London 46 57 59 60 67

Wellesley 82 66 65 68 68

Middlesex Centre 59 58 51 59 68

Milton 61 59 85 94 68

North Dumfries 34 33 39 69

Chatham‐Kent 66 76 73 69

Gravenhurst 73 65 58 62 69

Lambton Shores 24 31 39 54 70

Parry Sound 83 88 80 71

Oakville 71 91 80 79 72

Halton Hills 45 46 52 65 72

Puslinch 59 72 66 72

Owen Sound 77 83 78 73 72

Wellington North 104 103 78 74

Port Colborne 0 32 50 73 74

Kenora 81 82 87 79 76

Tay 77

Springwater 123 124 82 78 80

Saugeen Shores 98 92 87 84 83

Elliot Lake 43 53 49 79 86

Pickering 41 61 56 57 86

West Lincoln 113 120 95 94 90

Clarington 102 103 96 91 91

East Gwillimbury 46 51 51 63 101

Mapleton 44 73 106

Richmond Hill 122 112

North Middlesex 102 112 116

Brock 95 101 110 120 119

Haldimand 90 139 138

Thorold 149 160 163 158 160

Average 45 47 49 52 52

Median 43 45 48 49 48

Municipal Financial Indicators 93

Municipal Study 2018

Tax Discretionary Reserves as a of Own Source RevenuesmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Region Niagara

Region Waterloo

District Muskoka

Region Peel

Region Durham

Region York

Region Halton

30

32

57

97

99

139

118

30

39

57

98

105

147

132

33

34

61

99

117

157

159

32

36

67

105

128

175

171

32

34

77

106

135

167

170

Average

Median

82

97

87

98

94

99

102

105

103

106

Elgin County

Bruce County

Dufferin County

Wellington County

Grey County

Simcoe County

65

15

42

38

67

65

50

25

45

45

61

66

55

37

46

49

64

65

67

Average

Median

65

65

46

46

49

50

55

57

Municipal Financial Indicators 94

Municipal Study 2018

2017 Total and Tax Reserve Per Capita

Total Tax Reserves Reserves

Municipality Per Capita Per Capita

Orillia (97) $ (538) $

Pelham 108$ (50) $

Newmarket 593$ 18 $

Markham 325$ 122 $

Wilmot 378$ 158 $

Strathroy‐Caradoc 924 $ 180 $

Woolwich 467$ 188 $

Kitchener 244 $ 222 $

Tillsonburg 237 $ 237 $

St Thomas 650$ 254 $

North Stormont 412$ 264 $

Brockville 490 $ 271 $

Whitchurch ‐ Stouffville 377 $ 280 $

Guelph‐Eramosa 485$ 284 $

Erin 493$ 302 $

Huntsville 305 $ 305 $

Niagara‐on‐the‐Lake 647 $ 318 $

Centre Wellington 893 $ 322 $

St Catharines 417$ 337 $

Grimsby 642$ 339 $

Waterloo 351$ 351 $

Lincoln 874$ 358 $

Minto 980$ 370 $

Cambridge 545$ 377 $

Wellesley 384 $ 384 $

Tiny 747$ 384 $

Orangeville 723 $ 421 $

Sarnia 623$ 427 $

Barrie 767$ 438 $

Prince Edward County 539 $ 454 $

Caledon 456$ 456 $

Oshawa 465$ 465 $

Vaughan 820 $ 478 $

Sault Ste Marie 481 $ 481 $

Quinte West 721$ 485 $

North Dumfries 490$ 490 $

Total Tax Reserves Reserves

Municipality Per Capita Per Capita

Guelph 1388 $ 490 $

Ottawa 560$ 495 $

Brantford 1002 $ 502 $

Puslinch 504 $ 504 $

Bancroft 506$ 506 $

Mississauga 510 $ 510 $

Grey Highlands 922$ 518 $

Timmins 564 $ 564 $

Milton 575 $ 575 $

Welland 602 $ 576 $

Wellington North 1308 $ 577 $

Brampton 579$ 579 $

Wainfleet 590$ 590 $

Georgina 784$ 612 $

Fort Erie 754$ 619 $

Belleville 1176 $ 641 $

Springwater 1061 $ 650 $

Penetanguishene 662 $

North Bay 883$ 663 $

Bracebridge 665$ 665 $

Whitby 672$ 672 $

Burlington 675 $ 675 $

Greater Sudbury 865 $ 676 $

Toronto 1010 $ 678 $

Halton Hills 695 $ 695 $

Ingersoll 712$ 712 $

Innisfil 715$ 715 $

Tay 1096 $ 715 $

Windsor 760$ 716 $

Clarington 726$ 726 $

Meaford 975$ 729 $

Pickering 756$ 756 $

Brockton 992 $ 795 $

Middlesex Centre 961$ 796 $

Collingwood 1842 $ 801 $

Mapleton 1014 $ 802 $

Municipal Financial Indicators 95

Municipal Study 2018

2017 Total and Tax Reserve Per Capita (contrsquod)

Municipality

Total Reserves Per Capita

Tax Reserves Per Capita

Port Colborne

Cornwall

North Perth

Hamilton

West Lincoln

Richmond Hill

Stratford

Peterborough

Thunder Bay

King

Oakville

Gravenhurst

Espanola

Lambton Shores

Norfolk

Brock

Elliot Lake

Kincardine

Greenstone

Saugeen Shores

Owen Sound

St Marys

Brant County

London

Chatham‐Kent

East Gwillimbury

Parry Sound

Kingston

Thorold

North Middlesex

Kenora

Haldimand

939 $

1042 $

1005 $

1312 $

1000 $

1126 $

940 $

1379 $

989 $

966 $

950 $

956 $

1316 $

1811 $

1330 $

1069 $

1418 $

2740 $

1125 $

1347 $

1312 $

1426 $

1535 $

1674 $

1429 $

1843 $

2577 $

2113 $

2056 $

1713 $

1929 $

3127 $

817 $

881 $

886 $

887 $

913 $

921 $

923 $

933 $

938 $

949 $

950 $

956 $

973 $

994 $

995 $

1069 $

1093 $

1100 $

1125 $

1138 $

1141 $

1151 $

1178 $

1262 $

1347 $

1482 $

1494 $

1522 $

1555 $

1569 $

1576 $

2613 $

Average Median

931 $ 820 $

684$ 645 $

Municipality

Total Reserves Per Capita

Tax Reserves Per Capita

Region Niagara

Region Waterloo

Region Peel

District Muskoka

Region Halton

Region Durham

Region York

604 $

525 $

1254 $

1823 $

1837 $

1934 $

2159 $

337 $

371 $

865 $

1351 $

1480 $

1528 $

1955 $

Average Median

1448 $ 1823 $

1127 $ 1351 $

Wellington County

Elgin County

Bruce County

Dufferin County

Simcoe County

Grey County

311 $

326 $

361 $

391 $

429 $

496 $

311 $

326 $

361 $

391 $

429 $

496 $

Average Median

386 $ 376 $

386 $ 376 $

Municipal Financial Indi‐ 96

Municipal Study 2018

Debt

The Ministry of Municipal Affairs and Housing regulates the level of debt that may be incurred by municipalities such that no more than 25 of the total Own Source Revenue can be used to service debt

and other long‐term obligations without receiving OMB approval In addition to confirming that the debt is within the legislated limits Government Finance Officersrsquo Association (GFOA) recommends the

following analysis be undertaken

Measures of the tax and revenue base such as

Projections of key relevant economic variables

Population trends

Utilization trends for services underlying revenues

Evaluation of trends relating to the governmentrsquos financial

performance such as

Revenues and expenditures

Net revenues available after meeting operating requirements

Reliability of revenues expected to pay debt service

Unreserved fund balance levels

Debt service obligations such as

Existing debt service requirements

Debt service as a percentage of expenditures or tax or system revenues

There are six financial debt indicators that have been included in the analysis to provide a clear understanding of the overall debt outstanding and the debt servicing costs

Financial Debt Indicator One Tax Debt Interest as of Own Source Revenues

This ratio indicates the extent to which the municipalityrsquos own source revenues are committed to debt interest charges This is calculated using Schedule 40 of the Financial Information Returns and the Own

Source Revenues in Schedule 81 less WaterWW revenues in Schedule 12

Formula

Tax Debt Interest

Own Source Revenues

Municipal Financial Indicators 97

Municipal Study 2018

Financial Debt Indicator Two Debt Charges as a of Own Source Revenues (Debt Service Ratio)

Debt Service is the amount of principal and interest that a municipality must pay each year to service the

debt (principal and interest expenses) As debt service increases it reduces expenditure flexibility This shows the of total debt expenditures including interest as a of own source revenue It is a measure of the municipalityrsquos ability to service its debt payments Schedule 74C has been used for the total debt charges (line 3099) and the tax debt charges (line 3012)

Formula

Debt Principal and Interest Payments

Own Source Revenue

Target

Credit rating agencies consider that principal and interest should be below 10 of Own Source Revenues

Interpretations

This indicator will trigger a warning if the increase in debt service consistently exceeds the increase in own source revenues

Financial Debt Indicator Three Debt Outstanding per Capita

This provides the debt outstanding as reflected on Schedule 74A divided by the population

Formula

Total Debt Outstanding

Population

Municipal Financial Indicators 98

Municipal Study 2018

Financial Debt Indicator Four Debt Outstanding Per Own Source Revenues

This provides the debt outstanding as reflected on Schedule 74A divided by the municipalityrsquos own source revenues as reflected in Schedule 81

Formula

Total Debt Outstanding

Own Source Revenue

Financial Debt Indicator Five Debt to Reserve Ratio

Formula

Debt Outstanding

Reserves and Reserve Funds (Excluding Obligatory Reserve

Funds)

Financial Debt Indicator Six Debt Outstanding as a of Unweighted Assessment

This provides the debt outstanding as reflected on Schedule 74A divided by the municipalityrsquos own source revenues as reflected in Municipalityrsquos Levy by‐laws

Formula

Total Debt Outstanding

Unweighted Assessment

Target

This indicator provides a measure for financial prudence by comparing total debt to the total reserve balances Generally the benchmark suggested by credit rating agencies for this ratio is 11 or in other words debt should not exceed total reserve and reserve fund balances A 11 ratio reflects that for every dollar of debt there is a dollar of reserves

Municipal Financial Indicators 99

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend

Municipality 2013 2014 2015 2016 2017

Brampton 00 00 00 00 00

East Gwillimbury 00 00 00 00 00

Erin 00 11 08 08 00

Espanola 03 00

Mapleton 00 00 00 00 00

Richmond Hill 00 00 00 00 00

Tiny 00

West Lincoln 00 00 00 00 00

Whitby 00 00 00 00 00

Wilmot 15 00 00 00 00

Kenora 07 07 00 00 00

North Middlesex 02 01 01

Wainfleet 03 03 03 02 01

Grimsby 00 02 01 00 01

Puslinch 00 05 04 03 02

Markham 02 02 02 02 02

Sarnia 07 06 05 02 02

Wellesley 06 04 03 01 02

Sault Ste Marie 05 04 03 03 02

Thorold 05 05 05 03 03

Saugeen Shores 05 05 04 04 03

Greater Sudbury 03 03 04 03 03

Cambridge 04 04 03 04 03

Niagara‐on‐the‐Lake 05 03 03 05 04

Penetanguishene 04

Grey Highlands 01 02 02 01 04

Mississauga 01 02 03 04 04

Georgina 00 00 00 03 04

Brock 07 06 06 05 04

Vaughan 13 12 12 10 04

Orillia 09 08 07 05 04

Fort Erie 07 07 06 06 05

Brantford 03 05

Kincardine 00 04 06 09 06

Strathroy‐Caradoc 07 07 06 07 07

Thunder Bay 09 08 08 07 07

Municipal Financial Indicators 100

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Timmins 11 10 09 08 08

Clarington 13 12 11 09 08

Tay 08

Barrie 08 08 07 08 08

Pickering 09 09 08 08 08

Hamilton 13 11 11 09 09

Cornwall 12 12 09 10 09

Windsor 11 11 09 09 09

Meaford 17 13 12 10 09

Lincoln 05 06 06 08 09

Springwater 09 10 12 11 09

Elliot Lake 11 03 06 10 09

North Dumfries 00 15 13 11 10

Chatham‐Kent 00 16 14 13 10

Caledon 19 19 14 12 10

Centre Wellington 00 15 14 10 10

London 13 13 12 11 10

St Thomas 12 13 11 10 10

North Bay 19 19 17 11 10

Brockton 10

Prince Edward County 17 15 13 10 11

Woolwich 15 14 13 10 11

Kitchener 15 14 14 00 11

Norfolk 10 11

Greenstone 27 26 24 20 11

Ingersoll 12 17 15 13 11

Orangeville 23 23 21 15 11

Halton Hills 13 15 15 13 12

Burlington 14 13 12 13 12

Owen Sound 16 17 15 15 12

Guelph 15 16 12 14 12

Brant County 13 08 19 17 13

Bracebridge 21 19 17 14 13

King 15 14 15 14 14

Brockville 22 20 16 14 14

Milton 15 13 15 15 15

Municipal Financial Indicators 101

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Oakville

Bancroft

Middlesex Centre

Haldimand

Guelph‐Eramosa

Newmarket

Parry Sound

Wellington North

Oshawa

Peterborough

Innisfil

Lambton Shores

Stratford

Huntsville

Tillsonburg

St Marys

Quinte West

Port Colborne

St Catharines

North Stormont

Collingwood

Belleville

Minto

North Perth

Welland

Whitchurch ‐ Stouffville

Kingston

Ottawa

Waterloo

Toronto

Pelham

Gravenhurst

10

25

00

26

00

00

22

19

33

25

24

34

39

00

10

00

22

00

33

08

00

47

22

43

23

30

42

41

10

76

09

23

24

24

19

31

23

19

30

21

23

28

29

31

12

19

21

00

28

14

14

37

40

28

32

39

42

11

69

16

16

15

20

22

20

25

21

18

28

20

23

26

26

27

13

12

24

00

29

14

13

29

32

39

27

31

39

39

14

60

17

15

17

17

19

20

20

19

19

21

20

22

25

24

25

19

15

24

21

26

21

20

29

30

38

29

31

36

39

19

54

15

16

16

16

16

17

17

18

18

18

19

19

19

20

20

21

21

22

23

23

23

24

25

25

27

29

29

30

33

38

46

47

Average

Median

13

10

14

12

13

12

12

10

12

10

Municipal Financial Indicators 102

Municipal Study 2018

Tax Debt Interest as a of Own Source RevenuemdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

District Muskoka

Region Durham

Region Halton

Region Peel

Region York

Region Waterloo

Region Niagara

06

09

07

14

17

18

16

05

10

06

14

19

23

16

05

09

08

12

18

23

17

05

08

08

11

20

21

27

04

06

07

09

19

24

26

Average

Median

12

14

13

14

13

12

14

11

14

09

Grey County

Elgin County

Simcoe County

Wellington County

Dufferin County

Bruce County

16

01

04

05

14

22

30

01

04

06

13

19

26

00

04

05

11

16

22

Average

Median

16

16

13

10

11

09

10

08

Municipal Financial Indicators 103

Municipal Study 2018

2017 Total and Tax Debt Charges as a of Own Source Revenues 2017 Total Debt Charges as a of Own Source

2017 Tax Debt Charges as a of Own Source

Municipality Revenues Revenues

Brampton 00 00

East Gwillimbury 00 00

Kenora 00 00

Kingston 65 00

Markham 03 00

North Perth 48 00

Richmond Hill 00 00

Timmins 36 00

Tiny 00 00

West Lincoln 00 00

Whitby 00 00

Wilmot 00 00

North Dumfries 33 01

Grimsby 02 02

Caledon 40 04

Clarington 48 04

Windsor 20 05

Thorold 06 08

Brock 10 10

Wainfleet 12 10

Georgina 33 11

Sault Ste Marie 15 12

Chatham‐Kent 54 14

Strathroy‐Caradoc 56 15

Tay 64 15

Innisfil 50 17

Wellesley 18 18

Whitchurch ‐ Stouffville 58 19

Centre Wellington 80 19

Brantford 33 23

Puslinch 23 23

Oakville 47 25

Woolwich 21 25

Halton Hills 74 25

St Thomas 30 26

Mississauga 26 26

2017 Total Debt Charges as a of Own Source

2017 Tax Debt Charges as a of Own Source

Municipality Revenues Revenues

Greater Sudbury 22 26

Penetanguishene 21 27

Elliot Lake 23 29

Thunder Bay 54 31

Vaughan 23 31

Brant County 44 31

Fort Erie 37 33

Kincardine 33 34

Niagara‐on‐the‐Lake 24 34

Orillia 29 35

Springwater 66 36

Bracebridge 36 36

Prince Edward County 71 36

Erin 32 37

Parry Sound 80 38

Espanola 30 38

North Middlesex 45 38

Cambridge 25 39

Middlesex Centre 88 39

Barrie 85 42

Kitchener 38 42

Meaford 57 43

Milton 86 43

Pickering 44 44

Grey Highlands 38 44

Lincoln 41 48

Waterloo 48 48

Newmarket 43 49

Sarnia 37 50

Hamilton 51 53

Owen Sound 89 55

Cornwall 47 55

Huntsville 55 55

Ingersoll 56 56

Peterborough 94 56

Belleville 71 56

Municipal Financial Indicators 104

Municipal Study 2018

2017 Total and Tax Debt Charges as a of Own Source Revenues (contrsquod)

Municipality

2017 Total Debt Charges as a of Own Source Revenues

2017 Tax Debt Charges as a of Own Source Revenues Municipality

2017 Total Debt Charges as a of Own Source Revenues

2017 Tax Debt Charges as a of Own Source Revenues

Oshawa 57 57 Region Peel 94 06

Norfolk 56 57 District Muskoka 61 08

Brockton 57 61 Region York 231 14

Haldimand 53 63 Region Durham 63 18

Stratford 91 64 Region Halton 55 19

Orangeville 56 64 Region Niagara 71 87

Ottawa 79 66 Region Waterloo 98 89

London 70 67 Average 96 34 North Bay 90 69 Median 71 18

Saugeen Shores 54 70

Burlington

St Marys

71

60

71

71

Grey County

Elgin County

00

04

00

04

Pelham 117 72 Wellington County 40 35

Brockville 61 73 Simcoe County 36 36

Tillsonburg 76 76 Dufferin County 60 60

Guelph 78 78 Bruce County 70 70

Quinte West 66 81 Average 35 34

North Stormont 78 84 Median 38 35

Toronto 78 87

Port Colborne 70 95

King 82 96

St Catharines 86 98

Guelph‐Eramosa 80 101

Gravenhurst 103 103

Greenstone 98 107

Collingwood 92 112

Lambton Shores 83 114

Bancroft 98 129

Wellington North 98 130

Welland 90 132

Minto 124 165

Average 51 44 Median 51 38

Municipal Financial Indicators 105

Municipal Study 2018

2017 Total Debt Outstanding Per Capita

Total Debt Tax Debt Outstanding Outstanding Per

Municipality Per Capita Capita

East Gwillimbury ‐$ ‐$

Espanola 1112 $ ‐$

Richmond Hill ‐$ ‐$

Whitby ‐$ ‐$

Wilmot ‐$ ‐$

Kenora ‐$ ‐$

Tiny 3$ 3$

Puslinch 15 $ 15 $

West Lincoln 17 $ 17 $

Wainfleet 27 $ 27 $

Markham 35 $ 35 $

Georgina 232$ 44 $

Thorold 59 $ 59 $

Wellesley 60 $ 60 $

Sault Ste Marie 171 $ 83 $

Niagara‐on‐the‐Lake 157 $ 87 $

Saugeen Shores 707$ 88 $

Brock 94 $ 94 $

Sarnia 167$ 98 $

Woolwich 135$ 124 $

Penetanguishene 128 $ 128 $

Grimsby 133$ 133 $

North Dumfries 139 $ 135 $

Brampton 137$ 137 $

Centre Wellington 807 $ 145 $

Fort Erie 261 $ 151 $

Vaughan 179 $ 158 $

Clarington 173$ 173 $

Caledon 175$ 175 $

North Middlesex 286$ 185 $

Strathroy‐Caradoc 344 $ 191 $

Greater Sudbury 460 $ 192 $

Wellington North 407 $ 192 $

Lincoln 195$ 195 $

Cambridge 292$ 198 $

Mississauga 202$ 202 $

Total Debt Tax Debt Outstanding Outstanding Per

Municipality Per Capita Capita

Springwater 240$ 240 $

Elliot Lake 244$ 244 $

Windsor 373$ 265 $

Newmarket 377$ 270 $

Tay 980$ 283 $

Meaford 572$ 288 $

Guelph‐Eramosa 559$ 293 $

Orillia 307 $ 307 $

Grey Highlands 445$ 312 $

Kincardine 312 $ 312 $

Kitchener 313 $ 313 $

Timmins 1234 $ 322 $

Pickering 325$ 325 $

Erin 348$ 348 $

Ingersoll 358$ 358 $

King 551$ 377 $

Owen Sound 961$ 380 $

Chatham‐Kent 847 $ 382 $

Huntsville 382 $ 382 $

North Stormont 382$ 382 $

Milton 412 $ 412 $

Halton Hills 433 $ 433 $

Burlington 459$ 459 $

Oshawa 472$ 472 $

Norfolk 895$ 475 $

Minto 992$ 489 $

Brockton 511$ 511 $

Prince Edward County 1600 $ 518 $

Hamilton 739 $ 523 $

Waterloo 572$ 527 $

Brantford 771$ 529 $

Barrie 2061 $ 531 $

Orangeville 1026 $ 533 $

Middlesex Centre 1178 $ 540 $

Oakville 579 $ 579 $

Innisfil 596$ 596 $

Municipal Financial Indicators 106

Municipal Study 2018

2017 Total Debt Outstanding Per Capita (contrsquod)

107Municipal Financial Indicators

Municipality

Total Debt Outstanding

Per Capita

Tax Debt Outstanding Per

Capita

Tillsonburg 601 $ 601 $

Whitchurch ‐ Stouffville 602 $ 602 $

London 778 $ 616 $

Bracebridge 641 $ 641 $

Haldimand 1000$ 657 $

Lambton Shores 1059 $ 672 $

Cornwall 910$ 684 $

St Thomas 824 $ 693 $

Bancroft 1568 $ 717 $

Welland 830$ 730$

St Catharines 783 $ 756 $

Mapleton 900$ 762 $

Guelph 788 $ 769 $

North Bay 1110$ 787 $

Collingwood 1176 $ 795 $

Brockville 1191 $ 818 $

Thunder Bay 1777 $ 868 $

Parry Sound 2076 $ 891 $

St Marys 1223 $ 1052 $

Brant County 1366 $ 1068 $

North Perth 1163 $ 1072 $

Port Colborne 1287 $ 1117 $

Quinte West 2233 $ 1136 $

Peterborough 1482 $ 1175 $

Stratford 2082 $ 1331 $

Belleville 1814 $ 1377 $

Gravenhurst 1489 $ 1489 $

Pelham 1772 $ 1707 $

Ottawa 2417 $ 1731 $

Kingston 2855 $ 1913 $

Toronto 2168 $ 2168 $

Greenstone 3335 $ 3335 $

Average 731 $ 507 $ Median 555 $ 379 $

Municipality

Total Debt Outstanding Per Capita

Tax Debt Outstanding Per

Capita

Region Durham 167 $ 132 $

District Muskoka 1063 $ 157 $

Region Peel 976$ 176 $

Region Halton 548$ 189 $

Region Niagara 733$ 589 $

Region York 2911 $ 763 $

Region Waterloo 1224 $ 854 $

Average 1089$ 408$ Median 976$ 189$

Grey County 17 $ 17 $

Simcoe County 58 $ 58 $

Elgin County 94 $ 94 $

Wellington County 114 $ 114 $

Dufferin County 280$ 280 $

Bruce County 301$ 301 $

Average 144$ 144$

Median 104$ 104$

Municipal Study 2018

2017 Debt Outstanding Per Own Source Revenues

Municipality

Debt Outstanding as a of Own Source Revenues

Cambridge 236

Municipality

Debt Outstanding as a of Own Source Revenues

Springwater 242

Strathroy‐Caradoc 258

Ingersoll 295

Newmarket 301

Guelph 306

Meaford 308

Hamilton 313

King 330

Brantford 335

Grey Highlands 346

London 350

Wellington North 351

Chatham‐Kent 358

Brockton 361

Pickering 370

Innisfil 382

Cornwall 389

Burlington 395

St Thomas 395

Saugeen Shores 399

Huntsville 402

Waterloo 411

Thunder Bay 412

Espanola 425

Erin 427

Oakville 436

Haldimand 438

Oshawa 439

Halton Hills 446

St Marys 454

North Bay 456

Owen Sound 458

Timmins 463

Milton 490

Brockville 491

Norfolk 493

East Gwillimbury 00

Kenora 00

Richmond Hill 00

Whitby 00

Wilmot 00

Tiny 02

West Lincoln 14

Puslinch 22

Wainfleet 24

Markham 34

Thorold 44

Sault Ste Marie 72

Penetanguishene 73

Niagara‐on‐the‐Lake 98

Sarnia 99

Brock 104

Wellesley 107

Orillia 127

Brampton 140

Kincardine 141

Vaughan 144

Grimsby 149

Elliot Lake 150

Caledon 152

Windsor 154

North Middlesex 163

Fort Erie 172

Woolwich 186

Greater Sudbury 187

North Dumfries 194

Mississauga 198

Georgina 205

Kitchener 206

Clarington 216

Lincoln 221

Municipal Financial Indicators 108

Municipal Study 2018

2017 Debt Outstanding Per Own Source Revenues (contrsquod)

Municipality

Debt Outstanding as a of Own Source Revenues

Tillsonburg 509

Collingwood 526

Whitchurch ‐ Stouffville 538

Lambton Shores 545

Welland 557

Orangeville 566

North Stormont 568

Brant County 587

Bracebridge 587

North Perth 596

Peterborough 605

St Catharines 652

Toronto 672

Guelph‐Eramosa 696

Parry Sound 710

Tay 716

Belleville 729

Stratford 747

Greenstone 752

Centre Wellington 784

Prince Edward County 804

Minto 808

Middlesex Centre 809

Port Colborne 827

Bancroft 858

Ottawa 888

Barrie 928

Kingston 932

Mapleton 1059

Gravenhurst 1082

Quinte West 1314

Pelham 1637

Average 409

Median 385

Municipality

Debt Outstanding as a of Own Source Revenues

Region Durham

Region Halton

District Muskoka

Region Niagara

Region Peel

Region Waterloo

Region York

114

456

530

576

911

935

2069

Average

Median

799

576

Grey County

Simcoe County

Elgin County

Wellington County

Dufferin County

Bruce County

22

90

107

235

354

388

Average

Median

199

171

Municipal Financial Indicators 109

Municipal Study 2018

Debt To Reserve RatiomdashTrend

This includes discretionary reserves and all outstanding debt as reflected on Schedules 60 and 74A of the 2017 FIRs Note Reserves excludes obligatory reserves

Municipality 2013 2014 2015 2016 2017

Orillia (33) 53 12 12 (31)

East Gwillimbury 00 00 00 ‐

Kenora 03 03 ‐

Richmond Hill ‐

Whitby 00 ‐

Wilmot 00 ‐

Tiny 00

West Lincoln 00 00 00 00 00

Thorold 01 01 01 00 00

Puslinch 02 01 01 00

Wainfleet 01 01 01 00 00

Brock 02 01 01 01 01

Markham 00 01 01 01 01

Kincardine 01 02 01 01

Wellesley 01 01 01 02 02

Penetanguishene 02

North Middlesex 04 03 02

Elliot Lake 01 01 03 02 02

Grimsby 00 02

Vaughan 03 03 03 02 02

Lincoln 02 01 01 03 02

Springwater 03 04 03 03 02

Brampton 00 04 03 03 02

Clarington 03 03 03 03 02

Niagara‐on‐the‐Lake 04 03 05 03 02

Sarnia 12 09 06 05 03

North Dumfries 10 09 06 03

Woolwich 05 05 04 03 03

Georgina 06 05 04 04 03

Wellington North 05 05 04 03

Haldimand 03 03 03

Fort Erie 08 05 04 04 03

Sault Ste Marie 04 03 03 03 04

Strathroy‐Caradoc 08 08 07 05 04

Caledon 05 05 05 05 04

Mississauga 02 02 03 03 04

Municipal Financial Indicators 110

Municipal Study 2018

Debt To Reserve RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Pickering 06 04 04 05 04

London 09 07 06 05 05

Grey Highlands 03 03 02 04 05

Windsor 06 06 05 05 05

Ingersoll 15 19 11 08 05

Brockton 05

Saugeen Shores 07 07 07 06 05

Greater Sudbury 02 02 05 05 05

Cambridge 03 03 03 04 05

Hamilton 06 06 06 07 06

Guelph 06 05 05 07 06

King 12 08 10 08 06

Lambton Shores 21 14 10 08 06

Meaford 16 13 11 08 06

Chatham‐Kent 10 08 07 06

Oakville 03 02 07 06 06

Halton Hills 12 15 11 08 06

Newmarket 10 10 10 08 06

Collingwood 11 12 09 09 06

Norfolk 05 07

Burlington 07 07 06 08 07

Erin 06 05 08 07

Milton 07 06 06 04 07

Owen Sound 08 06 06 08 07

Brantford 08

Parry Sound 08 08 08 08

Innisfil 09 08 08 11 08

Espanola 12 08

St Marys 11 08 08 09

Cornwall 05 05 05 08 09

Mapleton 05 06 09

Brant County 13 08 08 07 09

Tay 09

Centre Wellington 11 11 09 09

North Stormont 11 09

Bracebridge 07 06 08 06 10

Municipal Financial Indicators 111

Municipal Study 2018

Debt To Reserve RatiomdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Minto

Oshawa

Peterborough

Guelph‐Eramosa

North Perth

Middlesex Centre

Huntsville

North Bay

St Thomas

Kitchener

Kingston

Port Colborne

Welland

Orangeville

Belleville

Gravenhurst

Whitchurch ‐ Stouffville

Waterloo

Thunder Bay

St Catharines

Toronto

Timmins

Stratford

Brockville

Tillsonburg

Barrie

Greenstone

Prince Edward County

Bancroft

Quinte West

Ottawa

Pelham

20

08

26

19

28

08

25

13

20

36

20

24

16

13

15

13

19

09

33

22

30

42

58

31

17

58

13

08

22

09

24

14

23

08

20

13

10

20

21

15

24

13

12

17

13

20

07

30

23

25

40

50

29

20

49

17

09

15

10

10

20

20

20

23

06

18

13

07

20

14

19

24

13

13

18

21

22

16

31

21

30

32

35

22

26

52

18

13

13

10

14

14

15

17

16

06

16

12

07

16

10

18

20

14

17

20

18

21

23

27

26

31

30

32

21

32

50

37

10

10

11

12

12

12

13

13

13

13

14

14

14

14

15

16

16

16

18

19

21

22

22

24

25

27

30

30

31

31

43

164

Average

Median

11

08

11

08

10

08

10

07

10

06

Municipal Financial Indicators 112

Municipal Study 2018

Debt To Reserve RatiomdashTrend (contrsquod)

Municipality

Region Durham

Region Halton

District Muskoka

Region Peel

Region Niagara

Region York

Region Waterloo

2013

03

04

12

10

08

17

20

2014

03

04

11

10

10

17

23

2015

02

04

09

09

11

15

25

2016

01

03

07

09

12

14

24

2017

01

03

06

08

12

13

23

Average

Median

11

10

11

10

11

09

10

09

09

08

Grey County

Simcoe County

Elgin County

Wellington County

Dufferin County

Bruce County

05

01

03

08

04

13

12

00

02

05

05

09

10

00

01

03

04

07

08

Average

Median

05

05

07

06

05

05

04

03

Municipal Financial Indicators 113

Municipal Study 2018

Debt Outstanding per $100000 of Unweighted AssessmentmdashTrend

Municipality 2013 2014 2015 2016 2017

East Gwillimbury 1$ 1$ 0$ ‐$

Kenora 555$ 489 $ ‐$

Richmond Hill ‐$

Whitby ‐$

Wilmot 2$ ‐$

Tiny 1$

Puslinch 24 $ 18$ 12 $ 6$

West Lincoln 3$ 22 $ 17 $ 13 $

Markham 18 $ 22 $ 20$ 17 $ 14$

Wainfleet 42 $ 35 $ 26$ 17 $ 17 $

Wellesley 38 $ 27 $ 16$ 45 $ 36$

Thorold 108$ 98 $ 88$ 63 $ 54$

Niagara‐on‐the‐Lake 103 $ 80 $ 98$ 79 $ 60$

Brock 95 $ 86 $ 77 $ 68$ 60$

Vaughan 113$ 99 $ 75 $ 66$ 66$

North Dumfries 116 $ 102 $ 88$ 74$

Caledon 144$ 119 $ 98$ 95 $ 74$

Woolwich 125 $ 114 $ 104$ 92 $ 82 $

Grimsby 1$ 0$ 2$ 92 $

Brampton 119 $ 108 $ 97 $

Mississauga 42 $ 64 $ 84$ 95 $ 103 $

North Middlesex 207 $ 152 $ 109 $

Penetanguishene 118 $

Clarington 190$ 217 $ 181 $ 149 $ 130$

Springwater 207$ 242 $ 216 $ 188 $ 135 $

Lincoln 112$ 91 $ 99 $ 170$ 138 $

Georgina 238$ 208 $ 182 $ 182 $ 150$

Kincardine 170 $ 237 $ 201 $ 159 $

Sarnia 420$ 361 $ 283 $ 237 $ 172 $

Erin 121$ 100$ 196 $ 172 $

King 345$ 274 $ 296 $ 233 $ 178 $

Pickering 144$ 149 $ 123 $ 144$ 185 $

Sault Ste Marie 227 $ 175 $ 145 $ 122 $ 196 $

Newmarket 362$ 319 $ 281 $ 238 $ 198 $

Huntsville 312 $ 283 $ 256 $ 234$ 207 $

Grey Highlands 13$ 113 $ 93 $ 168 $ 212 $

Municipal Financial Indicators 114

Municipal Study 2018

Debt Outstanding per $100000 of Unweighted AssessmentmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Oakville 135 $ 108 $ 275 $ 238 $ 213 $

Burlington 219 $ 212 $ 210 $ 252 $ 221 $

Milton 212 $ 169 $ 234 $ 192 $ 225 $

Halton Hills 279 $ 370 $ 321 $ 279 $ 226 $

Fort Erie 347 $ 299 $ 257 $ 285 $ 233 $

Cambridge 111 $ 97 $ 143 $ 166 $ 240 $

North Stormont 259 $ 242 $

Orillia 533 $ 462 $ 395 $ 329 $ 259 $

Kitchener 481 $ 417 $ 360 $ 310 $ 270 $

Whitchurch ‐ Stouffville 427 $ 1125 $ 376 $ 321 $ 273 $

Wellington North 517 $ 468 $ 367 $ 277 $

Guelph‐Eramosa 221 $ 193 $ 324 $ 278 $

Strathroy‐Caradoc 475 $ 425 $ 367 $ 357 $ 286 $

Innisfil 577 $ 515 $ 471 $ 405 $ 333 $

Bracebridge 206 $ 188 $ 170 $ 156 $ 345 $

Waterloo 445 $ 461 $ 416 $ 373 $ 348 $

Meaford 598 $ 523 $ 455 $ 404 $ 355 $

Brockton 365 $

Ingersoll 547 $ 615 $ 536 $ 464 $ 385 $

Saugeen Shores 625 $ 550 $ 487 $ 448 $ 397 $

Oshawa 570 $ 563 $ 507 $ 485 $ 405 $

Mapleton 147$ 225 $ 421 $

Lambton Shores 740 $ 656 $ 586 $ 509 $ 431 $

Greater Sudbury 245 $ 201 $ 520 $ 491 $ 442 $

Elliot Lake 197 $ 164 $ 618 $ 556 $ 492 $

Windsor 735 $ 2773 $ 642 $ 584 $ 527 $

Centre Wellington 761 $ 688 $ 605 $ 531 $

Guelph 659 $ 554 $ 480 $ 738 $ 566 $

Gravenhurst 758 $ 707 $ 658 $ 618 $ 569 $

Middlesex Centre 921 $ 808 $ 712 $ 624 $ 573 $

Hamilton 677 $ 749 $ 637 $ 725 $ 598 $

Tillsonburg 819 $ 725 $ 649 $ 618 $ 610 $

North Perth 1078 $ 855 $ 727 $ 620 $

Norfolk 642 $

Collingwood 1077 $ 1045 $ 915 $ 818 $ 688 $

Chatham‐Kent ‐$ 1110 $ 977 $ 845 $ 710 $

Municipal Financial Indicators 115

Municipal Study 2018

Debt Outstanding per 100000 of Unweighted AssessmentmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

London

Brantford

Haldimand

St Catharines

Tay

Orangeville

Brant County

Minto

Prince Edward County

Toronto

Welland

St Thomas

North Bay

Owen Sound

St Marys

Cornwall

Brockville

Pelham

Port Colborne

Peterborough

Ottawa

Espanola

Timmins

Barrie

Bancroft

Stratford

Belleville

Thunder Bay

Parry Sound

Kingston

Quinte West

Greenstone

1052 $

595 $

625 $

782 $

1110 $

935 $

1287 $

727 $

1364 $

1100 $

802 $

978 $

234 $

1199 $

1528 $

555 $

1807 $

2300 $

1139 $

2109 $

1914 $

936 $

3515 $

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

973

573

636

865

686

1002

929

1217

659

1214

953

1426

706

1021

266

559

1185

1362

501

1744

2061

1028

1984

2078

1813

1054

3242

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

910

642

786

596

779

840

889

957

1150

576

1369

819

1288

729

875

364

766

1296

1311

1556

1027

1666

2255

1587

1941

1909

1989

1505

2979

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

799

676

771

511

700

1018

791

917

1092

586

1189

1214

1153

1176

1195

887

670

1428

1307

1648

1706

2019

2003

1979

2111

1791

2169

2913

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

740

755

759

759

789

806

846

851

966

974

1011

1036

1064

1066

1155

1181

1202

1246

1337

1414

1473

1490

1542

1589

1656

1774

1821

1926

1967

2226

2303

2555

Average

Median

616 $

507 $

$

$

608

462

$

$

590

461

$

$

602

404

$

$

579

351

Municipal Financial Indicators 116

Municipal Study 2018

Debt Outstanding per 100000 of Unweighted AssessmentmdashTrend (contrsquod)

Municipality 2013 2014 2015 2016 2017

Region Durham

Region Halton

District Muskoka

Region Peel

Region Niagara

Region Waterloo

Region York

291 $

319 $

377 $

782 $

488 $

698 $

1261 $

297 $

307 $

710 $

552 $

955 $

1339 $

249 $

315 $

315 $

642 $

623 $

926 $

1333 $

193 $

292 $

294 $

633 $

607 $

948 $

1261 $

119 $

245 $

266 $

556 $

619 $

918 $

1167 $

Average

Median

602 $

488 $

693 $

631 $

629 $

623 $

604 $

607 $

556 $

556 $

Elgin County

Dufferin County

Grey County

Simcoe County

Wellington County

Bruce County

242 $

79 $

227 $

20 $

48 $

208 $

204 $

86 $

201 $

13 $

39 $

190 $

190 $

‐$

‐$

10 $

32 $

158 $

161 $

Average

Median

242 $

242 $

131 $

141 $

120 $

138 $

60 $

21 $

Municipal Financial Indicators 117

Municipal Study 2018

Taxes Receivable as a of Taxes Levied

This ratio is a strong indicator of the strength of a local economy and the ability of residents to pay their annual taxes This is calculated using Schedule 72A of the Financial Information Returns

Formula

Taxes Receivable

Taxes Levied

Target

Credit Rating agencies consider over 8 a negative factor

Interpretations

If this percentage increases over time it may indicate a decline in the municipalityrsquos economic health

Taxes Receivable as a of Tax LeviedmdashBy Location

Taxes Receivables

SimcoeMuskDuff

North

Eastern

NiagaraHamilton

Southwest

GTA

Municipal Financial Indicators 118

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location

Municipality 2013 2014 2015 2016 2017

Mississauga

Newmarket

Burlington

Oshawa

Milton

Oakville

Markham

Halton Hills

Toronto

Clarington

Whitby

Brampton

Vaughan

Richmond Hill

Caledon

Brock

East Gwillimbury

Georgina

Pickering

Whitchurch ‐ Stouffville

King

26

40

31

26

37

38

54

60

41

54

48

60

75

00

79

123

91

76

84

74

143

27

34

33

18

45

35

49

52

43

48

45

62

51

68

106

75

79

73

75

151

27

32

28

22

32

38

46

46

40

46

44

51

53

53

87

67

65

76

84

151

23

27

28

18

34

37

42

41

42

43

39

45

47

51

55

74

58

62

75

82

118

21

23

26

28

35

36

38

40

40

45

46

50

50

54

55

67

68

70

77

80

119

GTA Average

GTA Median

60

57

58

51

55

46

49

44

51

46

Municipal Financial Indicators 119

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location (contrsquod)

Municipality 2013 2014 2015 2016 2017

Kingston 36 29 29 23 21

Peterborough 36 37 32 23 23

Belleville 27 35 26 28 28

Cornwall 40 34 36 36 42

Ottawa 35 43 47 50 52

Prince Edward County 117 109 98 105 86

Quinte West 76 79 57 65 90

North Stormont 00 00 00 119 99

Brockville 49 55 75 84 104

Bancroft 166

Eastern Average 46 47 44 59 71

Eastern Median 36 37 36 50 69

Municipality 2013 2014 2015 2016 2017

Niagara‐on‐the‐Lake

St Catharines

Lincoln

Pelham

Fort Erie

Grimsby

Welland

Port Colborne

Wainfleet

Hamilton

Thorold

West Lincoln

71

61

92

81

109

00

125

118

85

85

141

58

62

74

72

100

66

124

58

114

86

61

164

48

64

82

77

91

54

140

59

95

84

73

148

31

55

60

71

83

61

104

58

76

81

59

94

30

51

52

55

60

64

64

72

73

74

99

102

NiagaraHamilton Average

NiagaraHamilton Median

88

86

80

72

84

79

69

64

66

64

Municipal Financial Indicators 120

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location (contrsquod)

Municipality 2013 2014 2015 2016 2017

Kenora 19 23 15 13 10

Greater Sudbury 28 23 25 24 30

Parry Sound 68 67 46 34

North Bay 42 48 45 40 45

Thunder Bay 63 54 71 63 58

Espanola 52 73

Elliot Lake 34 38 42 42 79

Timmins 66 72 65 60 79

Greenstone 182 183 186 162 129

Sault Ste Marie 128 117 110 150 195

North Average 70 69 68 67 73

North Median 53 54 58 46 65

Municipality 2013 2014 2015 2016 2017

Orangeville

Barrie

Penetanguishene

Gravenhurst

Collingwood

Bracebridge

Tiny

Orillia

Innisfil

Springwater

Tay

Huntsville

52

60

137

79

130

109

90

125

141

30

63

115

85

122

114

95

117

154

19

59

88

72

103

100

102

102

157

20

50

67

61

79

81

91

90

129

11

50

59

65

73

76

83

84

85

86

92

125

SimcoeMuskDuff Average

SimcoeMuskDuff Median

103

109

99

114

89

100

74

79

74

79

Municipal Financial Indicators 121

Municipal Study 2018

Taxes Receivable as a of Tax LeviedmdashTrend By Location (contrsquod)

Municipality 2013 2014 2015 2016 2017

Sarnia

North Perth

London

Guelph

Tillsonburg

Wilmot

Ingersoll

Stratford

Brantford

Wellesley

Woolwich

Brant County

Centre Wellington

St Marys

Puslinch

Kitchener

Brockton

Waterloo

Chatham‐Kent

North Middlesex

Kincardine

Middlesex Centre

Strathroy‐Caradoc

Saugeen Shores

Owen Sound

Cambridge

St Thomas

Lambton Shores

Meaford

Guelph‐Eramosa

North Dumfries

Wellington North

Windsor

Norfolk

Erin

Minto

Mapleton

Grey Highlands

50

25

16

16

39

41

60

51

39

54

70

57

67

53

83

48

47

90

27

85

62

98

142

23

21

19

44

47

51

48

38

42

52

55

48

52

62

48

68

67

54

81

47

40

91

21

80

79

72

60

87

97

131

104

69

146

19

26

19

22

39

33

49

44

31

46

45

48

49

46

52

49

48

69

54

59

57

45

26

74

34

82

81

66

63

75

86

108

98

63

159

15

27

26

25

30

28

45

41

37

26

48

44

45

45

23

55

39

47

60

63

61

60

44

50

73

67

79

71

67

65

78

84

83

86

83

161

16

18

20

22

26

26

35

36

37

37

38

38

40

40

43

43

44

47

48

49

50

51

53

54

55

58

60

61

61

63

63

79

83

85

86

87

101

158

Southwest Average

Southwest Median

57

53

62

54

58

49

58

50

53

49

Municipal Financial Indicators 122

Municipal Study 2018

Rates Coverage Ratio

The Rates Coverage Ratio provides a measure of the municipalityrsquos ability to cover its costs through its

own sources of revenue According to the Ministry of Municipal Affairs and Housing a basic target is 40‐60 an intermediate is 60‐90 and an advanced target is 90 or greater

OSR as a of Total

Municipality Expenditures

Cornwall 620

St Thomas 626

Parry Sound 631

Wellesley 654

Norfolk 659

Milton 677

Bancroft 692

Peterborough 712

Greater Sudbury 743

Windsor 743

Brantford 745

Elliot Lake 757

Gravenhurst 757

North Stormont 776

Wilmot 777

Chatham‐Kent 781

Hamilton 791

Stratford 805

Tiny 808

Ottawa 808

Erin 814

Timmins 816

Toronto 825

London 834

Huntsville 836

Grey Highlands 841

North Dumfries 842

Prince Edward County 844

Tay 847

Brockton 854

Greenstone 854

Minto 855

Espanola 857

Puslinch 866

Kingston 874

Port Colborne 878

OSR as a of Total

Municipality Expenditures

Brampton 882

Guelph‐Eramosa 883

Halton Hills 890

Woolwich 897

Guelph 898

Bracebridge 899

Springwater 907

Clarington 909

Saugeen Shores 909

Lambton Shores 911

Kenora 912

Thunder Bay 912

Lincoln 913

Haldimand 916

Brock 919

Centre Wellington 923

Owen Sound 924

Markham 924

Vaughan 925

Barrie 927

Sault Ste Marie 929

North Bay 932

Grimsby 936

Pelham 938

Oakville 942

Mississauga 944

North Middlesex 950

Quinte West 956

Wellington North 958

Georgina 962

Waterloo 963

St Catharines 967

Newmarket 969

Whitchurch ‐ Stouffville 973

Brockville 973

Burlington 986

Municipal Financial Indicators 123

Municipal Study 2018

Rates Coverage Ratio Contrsquod

Municipality

OSR as a of Total

Expenditures

Pickering 987

Richmond Hill 990

Welland 998

Tillsonburg 1005

Thorold 1017

Cambridge 1022

Mapleton 1022

St Marys 1023

Belleville 1024

Penetanguishene 1024

Middlesex Centre 1028

Kincardine 1032

Sarnia 1036

Ingersoll 1038

Collingwood 1044

Oshawa 1045

Niagara‐on‐the‐Lake 1047

Kitchener 1047

King 1055

Caledon 1059

Fort Erie 1062

Orillia 1071

Wainfleet 1072

Brant County 1080

Innisfil 1092

East Gwillimbury 1093

Orangeville 1096

Meaford 1140

Strathroy‐Caradoc 1146

North Perth 1172

Whitby 1181

West Lincoln 1497

Average 921

Median 923

Municipality

OSR as a of Total

Expenditures

Region Niagara

Region Peel

Region Waterloo

District Muskoka

Region York

Region Durham

Region Halton

678

699

744

811

827

844

877

Average

Median

Simcoe County

Grey County

Wellington County

Dufferin County

Bruce County

Elgin County

783

811 3

509

580

581

647

652

654

Average

Median

604

614

Municipal Financial Indicators 124

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