TOWN OF CALEDON EMPLOYMENT LAND NEEDS STUDY

7-5
In addition, several of the remaining parcels of land which are available for development are
small, poorly configured, and fragmented. While this observation applies specifically to the
South Albion-Bolton Industrial Area, over time it is foreseeable that the Town’s other
employment areas (i.e. Mayfield West, and Tullamore) will also begin to exhibit these
characteristics. In order to allow for proper market functioning, it is our opinion that the Town
should ensure that a minimum five-year supply of serviced and available employment lands (by
various sizes, zoning and locations) is available at all times throughout the forecast period. This
is to ensure that the Town’s employment demand is not unduly constrained by a lack of
appropriately designated supply. Over the forecast period, it is recommended that the Town
review its inventory of serviced employment lands every five years.
6. Calculate Total Demand for Employment Lands Employment
Table 7-3 summarizes forecast demand for employment lands employment and associated land
area requirements by Settlement Area from 2006 to 2031, in accordance with the assumptions
set out through steps 1 through 5. Key observations include:
Over the 2006 to 2031 planning period, the Town of Caledon is forecast to add a total of
19,174 employees on employment lands;
Based on future absorption potential, approximately 47% of total forecast employment
land has been allocated to the South Albion-Bolton Industrial Area, while 33% and 17%
has been allocated to Mayfield West and Tullamore, respectively. The remaining 3% has
been forecast throughout the remaining rural area;
With respect to land demand, the Town of Caledon is forecast to absorb an annual
average of 72.6 net acres per year (29.3 net ha/year) from 2006 to 2031 (72.6 acres X
25 years = 1,815 (Table 7-3)). 1 Bolton and Mayfield West, the Town’s largest future
employment areas, are forecast to absorb 80% of the total Town-wide employment
lands forecast.
1 Absorption figures have been rounded.
Watson & Associates Economists Ltd.
H:\caledon\2009 Employment Land Needs Addendum
Report\Employment Land Needs Report_ammended as of November 13 2009.doc