Office Development Incentives
Vaughan office space is in high demand, so the City of Vaughan is expanding the supply by offering incentives for large office developments.
Development Charge Deferrals for Office Buildings in the Regional Centres and Corridors
Office developments located in the Regional Centres and Corridors with a minimum of 4 storeys and 75,000 square feet are eligible for an interest-free deferral of the City’s development charges for up to 20 years. This pilot program is available for three years, or up to 1.5 million square feet, whichever occurs first.
For more information please visit Development Charges Deferral for Office Buildings
| Duration of Deferral | Size of Office Building (4-storey minimum) |
|---|---|
| 20 years | More than 400,000 sq. ft. |
| 15 years | 250,000–400,000 sq. ft. |
| 10 years | 150,000–250,000 sq. ft. |
| 5 years | 75,000–150,000 sq. ft. |
City-Wide Development Charges Deferral for Office Buildings
Office developments with a minimum of four storeys above grade are eligible for an interest-free deferral from the City’s development charges for 18 months. A Letter of Credit must be provided for the development charges being deferred.
For more information, program qualification criteria and terms and conditions, visit the City’s Development Charges page or York Regions Development Charges for Office Buildings
Community Improvement Plan (CIP) for the Vaughan Metropolitan Centre (VMC) and other Intensification Areas
Large office developments in the Vaughan Metropolitan Centre and Weston Road and Highway 7 Primary Centre are eligible for a suite of incentives, including:
- Development Charge Grant/Reduction
- Development Charge Deferral
- Tax Increment Equivalent Grant (TIEG)
- Cash-In-Lieu of Parkland Exemption/Reduction
- Podium Parking Incentives (VMC Only)
- Expedited Development Approvals
For more details, visit the Community Improvement Plan page.