On behalf of the London Home Builders Association, I would like to take this opportunity to congratulate Mayor Matt Brown and the newly elected and re-elected councillors on their recent victories. As an association we look forward to working with the new council to promote job creation and economic growth in London. It is a very exciting time for London with a fresh new council coinciding with the introduction of London’s new Official Plan – The London Plan.
The London Plan, while still in draft form at the present time, will be the road map for city growth over the next 20 years. Through extensive collaboration with the business community and Londoners of all ages and lifestyles, the London Plan has evolved into a vision for the future. The 20 year plan will be reviewed every five years and will be in effect until 2035. During the next 20 years it is projected that London’s population will grow by over 70,000 people and 43,000 new jobs will be created.
The new council will oversee the implementation of the London Plan to start the process of bringing this exciting vision to reality. As a major player in the growth of the City, the London Home Builders Association and its members are excited to work with the new council as The London Plan is put into action.
The London Home Builders Association is not alone in advocating for job creation and economic growth. A coalition of organizations have come together to form a group called Progress London. The Progress London group advocates for job creation and economic growth by providing a balanced perspective on its benefits to the community. The organizations involved are:
London Chamber of Commerce
Labourers International Union of North America (LIUNA) Local 1059
London and District Concrete Forming Contractors Association
London and District Construction Association
London and District Construction Trades Council
London Development Institute
London District Heavy Construction Association
London Home Builders Association and
London and St. Thomas Association of REALTORS
It is the intention of Progress London to serve as a resource to the media, local government and Londoners to help and inform. We encourage the new council to utilize the expertise of these organizations to get the industry perspective on issues as they arise and the City moves forward.
The City of London and the London Economic Development Corporation (LEDC) actively work to bring private sector investment to London because they understand that along with private sector investors come jobs and prosperity for Londoners. It is important to recognize that new development, whether it is residential, commercial, institutional or industrial is a direct response to economic growth in a healthy community. Without economic growth, residential and/or commercial growth in a community will not happen. Economic growth spurs new and better jobs, higher incomes, a stronger local economy and tax base and a more vibrant community.
The residential construction industry plays a key role in a healthy and viable economy. A good indicator of the health of a local economy is the level of activity in the residential market. When jobs are created new homes are built and existing homes are sold. Both first time home buyers and move up buyers need new residential development to maintain a competitive housing market with a range of housing options to choose from.
This is an exciting time for London. The economy is showing positive signs of growth, a new and enthusiastic City Council has been sworn in and an innovative Official Plan is being implemented. All signs point to London being on the verge of significant positive change.