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Performance Dashboard

Performance DashboardPerformance Dashboard

The Performance Dashboard consists of a number of performance indicators the City of Waterloo uses for services they provide to the community. More measures will be added to the dashboard over time and these measures will be updated annually.

Economy Environment Community Infrastructure Engagement

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ECONOMY

Industrial/Commercial Vacancy Rates (annual average)

Investment Activity by Construction Value

Number of City-supported Cultural Events per Year

 

Industrial/Commercial Vacancy Rates (annual average)

Objective

Objective
Ensure that available commercial and industrial space continues to be used by viable and growing companies 

Measurement

Measurement
Annual average industrial and commercial vacancy rates (collected by the Commercial Real Estate Association)

Target

Target
Improved trend over time

 

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This measure tracks the annual average vacancy rates for office and industrial space, the trend-line to which will give us solid feedback regarding the effectiveness of the city's various marketing, business retention and expansion and attraction programs; as well as the overall competitiveness of the City of Waterloo.

 

Industrial vacancy rate: this rate reflects limited land and building supply which is tight in this region with very limited construction in progress and limited land base for new construction. Industrial land is limited and subjec to employment lands policies. The local start-up ecosystem will likely support low vacancy rates in the industrial sector. Future industrial growth is expected on the west side employment lands that is moving forward. 

 

Office vacancy rate: The increase in 2017 is explained by office space consolidation and new office construction with new space on market. Fifty per cent of vacant space is in 10 buildings. The new Communitech Data Hub, expansion of The Accelerator Programs and the new LRT are attractive amenities that will support business attraction, growth and new office construction.

 

Visit wearewaterloo.ca site to learn more about locating your business in Waterloo.

Initiative

Initiative supporting

City of Waterloo economic development marketing program, parkland dedication reforms, uptown community improvement plan, Communitec Data Hub financial contribution, The Accerator Centre financial contribution, and City of Waterloo zoning bylaw.

 Office and industrial vacancy rates

Yearly average vacancy rates

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Investment Activity by Construction Value

Objective

Objective

This measure tracks the volume of construction value, as recorded by building permit data, and is a solid indicator regarding overall investment interest as well as tracking capacity building for growth. These numbers will guide programs and focus with respect to driving, and also balancing, investment in the City of Waterloo. 

 

Measurement

Measurement
Investment activity by construction value (in dollars and split into new and renovation, subdivided by type)

Target

Target
Improved trend over time 

 

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Building permits for this measure are tracked by type: residential, institutional, commercial and industrial.

 

The previous development charge exemption in the uptown expired in 2010 and resulted in a large number of building permits being issued (such as the Barrel Yards project).

 

Construction activity normally follows a flow of high and low activity. The current cycle, as expected, is experiencing a decrease in construction activity. This cycle is expected to remain for the next year or two. 

 

There has been an unusually high development in residential units as the interest in developing residential condominiums has swept the province. Investors, students and seniors are enjoying ownership in Waterloo condos.

 

Non-residential development is likely improved as the surplus of property previously supplying the demands have been absorbed by businesses. Waterloo continues to be experiencing strong growth in the tech sector.  

 

Visit wearewaterloo.ca site to learn more about current developments in Waterloo.

Initiative

Initiative Supporting

City of Waterloo economic development marketing program

City of Waterloo competitiveness plan

Construction activity by building permits

Non-residential construction activity

 

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Number of City-supported Cultural Events per Year

Objective

Objective

Community cultural events contribute to cultural tourism and build community identity and pride by creating and strengthening social connections. The number of cultural festivals on city property is an indicator of community vitality.

Measurement

Measurement
Number of cultural festivals on city property per year

Target

Target
The target is an increase of 2.5% per year.

 

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This measure will also assist with the evaluation of the city's culture plan implementation, specifically in terms of the following goals:

Goal 1: Uncover and build community capacity for creativity, expression and cultural engagement;

Goal 3: Enliven streets, neighbourhoods, public and green spaces;

Goal 4: Enhance engagement of community diversity to build a stronger, shared sense of belonging;

Goal 5: Expand community awareness and appreciation of culture; and

Goal 6: Foster collaborations in the culture sector.

 

Visit www.waterloo.ca/artsandculture to learn more about cultural programming in Waterloo.

 

Initiative

Initiative Supporting

City of Waterloo's culture plan

 

 

Actuals

Year

Number of events

Cultural festivals on city property

 

 

2015

N/A

2016

121

2017

90 

Note: This measure was changed in 2017 to better reflect the diversity of festivals occurring each year on city property.