Aurora Real Estate Intelligence
Executive Summary
High-level overview of Aurora's development landscape and growth projections.
Population Forecast (2051)
84,500
from ~62,000 in 2021
Employment Forecast (2051)
41,600
Target of +12,000 new jobs
Intensification Target
45%
Focus on MTSAs & Corridors
Population and Employment Growth Trajectory
Development Pipeline
Analysis of significant development applications (Past 12 Months). Data is illustrative.
| Address | Type | Proposal | Status |
|---|
Policy & Regulatory Framework
Key strategic plans and by-laws shaping future development in Aurora.
Financial Landscape
Analysis of development charges and applicable housing incentives.
Development Charges (Effective July 2024)
Housing Incentive Programs
- York Region - Rental Incentives: Offers property tax discounts (up to 35% for 35 years) and development charge deferrals for purpose-built rental developments.
- York Region - Subsidized Housing: Administers and funds subsidized housing units, rent supplements, and portable housing benefits for low-to-moderate income households.
- Federal - Housing Accelerator Fund (HAF): A national fund available to municipalities to incentivize housing supply growth, with funding tied to the number of new units created, especially near transit and with added density/affordability.
Major Infrastructure & Growth Drivers
Key public and private projects supporting development.
Barrie Line GO Expansion
Metrolinx
Ongoing project to deliver more frequent, two-way, all-day service. Includes significant upgrades to Aurora GO Station, double tracking, and other corridor improvements to support faster and more reliable transit.
Impact: Key enabler for Transit-Oriented Development.
Yonge Street Widening
York Region
Widening Yonge Street from four to six lanes between Davis Drive and Green Lane. This multi-phase project aims to improve traffic flow and capacity along a critical regional corridor.
Impact: Increased capacity for commuter and commercial traffic.
Lloydtown-Aurora Road Rehabilitation
York Region
Project involves removing and replacing the asphalt road surface between Highway 27 and Jane Street to improve road quality and safety for a key east-west route.
Impact: Improved local and regional connectivity.