Asset Management

Asset management helps the City manage our infrastructure assets and make better investment decisions. It also helps reduce risk so we can provide reliable and affordable services for our residents.

To make good decisions, we need good data. We also need to know how the City may grow over time and what levels of service our residents expect from the infrastructure we operate, maintain, replace and repair. This information allows us to efficiently manage our infrastructure assets to meet the service needs of the present without compromising our ability to meet the service needs of the future. For more information about asset management, please refer to the video below.

If you are unable to see the video, you can view the video on Youtube.

The City is in the process of implementing the requirements of Ontario Regulation 588/17 which includes a Strategic Asset Management Policy and the development of asset management plans for all City owned assets.

Strategic Asset Management Policy

The Strategic Asset Management Policy outlines the requirements, overall intentions/principles and the framework that the City will follow when creating Asset Management Plans. The policy will guide the asset management process going forward and help embed asset management principles into ongoing capital, operations and maintenance activities.

Asset Management Plans

Asset Management Plans (AMPs) consolidate the data and information we need to make effective decisions about our infrastructure assets.

The most recent iteration of the Asset Management Plan is the 2021 Asset Management Plan  which includes information related to our core assets as dictated by O.Reg 588/17. Core assets are defined as assets related to bridges & culverts, roads, water, wastewater, and stormwater. The City previously published two asset management plans (2013 & 2017) which were completed prior to the most recent regulation, and together included many of our City assets, but did not include assets obtained through the January 1, 2017 boundary expansion. The next iteration of the AMP due July 1, 2024 will include information related to the remainder of municipal assets (e.g. Facilities, Parks, Transit, Information Technology etc.).

Value of Assets

The 2021 Asset Management Plan estimates the replacement value of core assets included in the plan at $2.6 billion. For a snapshot of our core assets, please refer to our asset summaries .

We use these assets to:

  • Support the delivery of our services;
  • Protect the safety of the public; and
  • Renew, improve and grow our City.

As stated, not all City departments and Local Boards are currently included in the Asset Management Plan. This will change going forward as the City works to meet the requirements of Ontario Regulation 588/17.

The 2021 Asset Management Plan includes the following three (3) documents:

2021 Asset Management Plan - Overview (Core Assets)

2021 Asset Management Plan - Environmental Services (Core Assets)

2021 Asset Management Plan - Transportation (Core Assets)


 What assets are currently included in the Asset Management Plan?

The 2021 Asset Management Plan includes the following asset categories:

  • Bridges, Retaining Walls and Culverts
  • Roads Infrastructure
  • Stormwater Collection
  • Stormwater Facilities
  • Wastewater Collection
  • Wastewater Facilities
  • Water Distribution
  • Water Facilities
What is the new Ontario Regulation 588/17?

In May 2016, the Infrastructure for Jobs and Prosperity Act, 2015 was proclaimed; granting the Province of Ontario the authority to regulate municipal asset management planning. In early 2017, the Ontario Ministry of Infrastructure introduced a proposed municipal asset management planning regulation and opened it for comment through the Environmental Registry. City comments on the proposed regulation were summarized in Council Report PW2017-067.The proposed regulation was amended and proclaimed on December 31, 2017.

The City is now working to fulfill the requirements of the regulation. Currently the City has achieved the necessary deadlines with the creation and Council adoption of a Strategic Asset Management Policy and the 2021 Asset Management Plan for core assets. The next deadline is the creation, and Council acceptance of an Asset Management Plan for all remaining City assets, meeting the criteria of the regulation by July 1, 2024. It is important to note that due to challenges associated with the COVID-19 pandemic, the deadlines for all AMPs were extended by one (1) year.