Community

York’s population grows to more than 1.25 million

York Region posted its highest-ever construction value ever last year and welcomed the highest annual growth in new residents since 2018.

According to the annual Growth and Development Review, York Region placed fourth across Canada for total construction values in 2023 at $5.9 million – a substantial year-over-year increase of 37 per cent.

At the same time, it welcomed 18,737 new residents – a 1.5 per cent year-over-year increase – bringing the population to 1,258,200. Annual population increase averaged 15,121 over the last 10 years. York Region is forecast to be home to more than two million people by 2051.

“York Region continues to show strong signs of growth with record-breaking construction values in 2023,” says Chairman and CEO Wayne Emmerson. “Delivering core programs and services to our residents remains of utmost importance to York Regional Council. Strong construction and development help us to continue to serve our growing population and build strong, caring, safe communities.”

The annual Growth and Development Review provides a snapshot of key development and population indicators in York Region and reports on the competitiveness of Region’s economy within the Greater Toronto and Hamilton Area (GTHA), Ontario and Canada.

Residential building permits, meanwhile, increased 69 per cent since 2022, totalling 12,022 units. That’s the highest volume in the last decade and set a record-high $4.3 billion in construction value. A total of 9,945 homes were completed in 2023 – a year-over-year increase of 89 per cent. Fifty-nine per cent of those homes were apartments, 25 per cent were single detached homes and 16 per cent were townhomes.

Despite strong residential construction activity, residential permits issued in 2023 were well below levels required to achieve provincial housing targets, the Region reports. More information about York Region’s plan to address housing affordability and monitor housing supply can be found at york.ca/HousingAffordability.

Though non-residential building permit construction value dropped six per cent from 2022 to $1.6 billion collected in 2023, that was still above York Region’s five-year average of $1.37 billion per year. Permits include industrial, commercial and institutional (ICI) developments. York Region ranked seventh across Canada for the value of its ICI construction in 2023 – down from ranking fifth in 2022 – and ranked third in the GTHA, following the Region of Peel and the City of Toronto.

“York Region’s increase in population continues to reinforce our communities are desirable places to live and invest,” says Richmond Hill Regional Councillor Joe DiPaola, Chair of the Region’s Planning and Economic Development. “Increased construction value is imperative to align with our growth and bolster York Region’s diverse economy.”

Learn more about how York Region manages and monitors growth at york.ca/Planning.

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