TOWN OF CALEDON EMPLOYMENT LAND NEEDS STUDY

8-3
Employment Land Needs
The following summarizes long term land needs for employment on employment lands based on
forecast demand and net developable supply within the Town of Caledon by settlement area.
Recommended future employment land needs (i.e. expansion of designated land) have been
calculated in gross acres/hectares (i.e. they include provisions for roads, easements, corridors,
stormwater ponds). However, due to uncertainty with respect to location options for future
employment lands designations, environmental lands have not been included in the gross
employment land area calculations.
The following key findings are provided with respect to future employment land needs by
settlement area within the Town of Caledon.
1. South Albion-Bolton Industrial Area
1.1 Over the longer term (i.e. 2021 and 2031), it is assumed that all identified developable
employment lands (398 net acres or 161 net ha) within the Bolton Industrial Area will be
serviced and absorbed. 1 Over the 2006 to 2031 period, a minimum additional 470 net or
620 gross acres (190 net or 251 gross ha) of employment lands are required to
accommodate forecast demand.
1.2 It is recommended that the Town continually monitor its “market ready” supply on an
ongoing basis to ensure that its vacant employment lands inventory is sufficient to meet
the demands of the market. This will become especially critical towards the later portion
of the planning period (i.e. post 2021) as the prime sites in the new expansion area(s) of
South Albion-Bolton are absorbed.
1.3 Location options for future growth (i.e. expansion of designated land) will depend on
several factors including, land availability and agglomeration potential (i.e. potential to
assemble employment lands of critical mass), abutting land uses, environmental
constraints, traffic impacts, proximity to services, proximity to existing designated
employment areas, fiscal impact, price, market potential and access/exposure to
highways/arterial roads. With respect to market potential, the location of a future
1 Assuming 5% adjustment for land vacancy
Watson & Associates Economists Ltd.
H:\caledon\2009 Employment Land Needs Addendum
Report\Employment Land Needs Report_ammended as of November 13 2009.doc