The City's Corporate Asset Management (CAM) Department employs dedicated staff focused on the effectiveness and efficiency of the management of all City-owned assets. The CAM team provides valuable information to City Council to facilitate better, more informed decisions aligned with the City’s Financial Policy Framework.
Read Asset Management Success Stories to learn about how different City departments put asset management principles into practice.
In December 2017, Ontario became the first Canadian province to pass regulation that requires municipalities to engage in asset management planning. Ontario Regulation 588/17 required all municipalities prepare Council-endorsed Strategic Asset Management Policies by July 1, 2019, and implement Asset Management Plans using a phased approach from 2021–2024.