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210914 Development AGDPage 1 of 3 The Corporation of the Town of Tillsonburg Economic Development Committee September 14, 2021 7:30 a.m. Electronic AGENDA 1.Call to Order Introduction - Tillsonburg & District Real Estate Board Representative (Dane Wilson) 2.Adoption of Agenda Proposed Resolution #1 Moved by: Seconded by: THAT the Agenda as prepared for the Economic Development Committee meeting of September 14, 2021, be adopted. 3.Minutes of the Previous Meeting July 13, 2021 Economic Development Minutes August 5, 2021 Economic Development Minutes Proposed Resolution #2 Moved by: Seconded by: THAT the minutes of the Economic Development Committee meetings of July 13 and August 5, 2021, be adopted. Page 2 of 3 4.Disclosures of Pecuniary Interest and the General Nature Thereof 5.General Business and Reports 5.1. Monthly Projects Update 5.2. Circulation of Planning items: 5.2.1. Application for Zone Change - ZN 7-21-10 (Landmark Homes Inc.) 5.2.2. Applications for Official Plan Amendment, Draft Plan of Subdivision and Zone Change - OP 21-11-7, SB 21-06-7 & ZN 7-21-09 Ambrus) 5.2.3. Applications for Draft Plan of Subdivision and Zone Change - SB 21-07-7 & ZN 7-21-11 (Lindprop) 5.2.4. Application for Zone Change - ZN 7-21-13 (Town of Tillsonburg Non-Profit Housing)- 31 Victoria St 5.3. Economic Development Strategy Update- Streamlining & Next 5.4. London Increases Industrial Land Prices - Link to London Free Press Article 5.5. Truck By-Pass Route 5.6. Tillsonburg Hydro Inc 5.7. Town Hall Task Force 5.8. Physician Recruitment & Retention Committee 5.9. Community Strategic Plan 5.9.1. Affordable & Attainable Housing Committee 5.9.2. Boundary Adjustment Committee 6.Community Organization Updates 6.1. Downtown Business Improvement Association 6.2. Tillsonburg District Chamber of Commerce 6.3. Tillsonburg District Real Estate Board 7.Roundtable Page 3 of 3 8.Next Meeting Tuesday October 12, 2021 9.Adjournment Proposed Resolution #3 Moved by: Seconded by: THAT the September 14, 2021 Economic Development Committee meeting be adjourned at _____ p.m. The Corporation of the Town of Tillsonburg Economic Development Advisory Committee Meeting July 13, 2021 7:30 a.m. Electronic Meeting MINUTES Present: Councillor Deb Gilvesy, Andrew Burns, Cedric Tomico, Kirby Heckford, Jesse Goossens, Mayor Stephen Molnar, Suzanne Renken, Jeff Van Rybroeck, Collette Takacs, Steve Spanjers, Lisa Gilvesy, Randy Thornton Staff: Kyle Pratt, CAO; Cephas Panschow, Development Commissioner Lisa Jibson, Executive Assistant (Acting) Regrets: Lindsay Morgan-Jacko 1. Call to Order The meeting was called to order by the Chair at 7:36 am. 2. Adoption of Agenda Proposed Resolution #1 Moved by: Steve Spanjers Seconded by: Deb Gilvesy THAT the Agenda as prepared for the Economic Development Advisory Committee meeting of July 13, 2021, be adopted. CARRIED 3. Adoption of Previous Minutes Proposed Resolution #2 Moved by: Cedric Tomico Seconded by: Steve Spanjers THAT the Minutes as prepared for the Economic Development Advisory Committee meeting of June 9, 2021, be adopted. CARRIED 4. Disclosures of Pecuniary Interest and the General Nature Thereof Nothing 5. Presentations 6. General Business & Reports 6.1 Economic Development Strategy Update- Streamlining & Next Steps – see attachment Cephas reviewed the strategy- • Digitizing Business and Government – 1.1.2 GOAL: Support local business to build online capacity – key to support Online shopping efforts; identify resources; website design; funding support; ecommerce training; on-line access to community • Community Marketing- 2.1.8 3 parts: Investment attraction; resident attraction, and community, cultural, and tourism Promote info tech, food process, innovation sectors Promote as a hub for SW Ontario – attract residents Providing access to high speed internet, co-working space Showcase tourism experiences • Workforce Initiatives- 1.1.9-2.1.9 Engage with local partners; increase supply of skilled and semiskilled workers, student training – Glendale HS training • Building Capacity- 1.1.7, 1.1.9,1.1.11, 3.1.6 Innovation Hub – support investment/manufacturing sector – build capacity in auto/machinery/fabricated metal Support sector by having space for companies to collaborate Impact of CUSMA Attainable Housing and Social Support – undertake needs study to identify short term and long term gaps Priority – rental Regional transit MDB recommendations – so many; Streamlined into 4 major categories; Helps make easier to understand and implement Discussion was held regarding digitizing some of these recommendations, and aligning with the Tillsonburg Strategic Plan. Cephas noted that the next step is to integrate these suggestions with the Strategic Plan. Concerns were raised regarding overreach from government into private enterprise. It’s the business owner’s responsibility to advance digital processes. The committee should be focused on how to attract industry to Tillsonburg. The residential side is growing greater than manufacturing side. Government should only act where needed. Others commented that perhaps some local businesses would welcome some assistance to develop on-line if offered. BIA has had some good results with members who need assistance to get online. The BIA has retained Main Street Media to help build presence for companies with QR Codes, and strategies to see the value of going online. Discussion was held regarding promoting more industry back into our community like pre-pandemic efforts such as international marketing, business trips etc. However, these options can only continue based on pandemic restrictions. Cephas commented that they are launching a tracked campaign on LinkedIn using specific properties and campaigns to target. Discussion was held regarding the challenge of people finding jobs but can’t find housing. Concerns also about finding trade people like welders as Ontario we are running out of local people to run these businesses. It’s a real problem with employees. Need to look at employee options to support manufacturing like permanent migrant workers. Others commented that this is not selective to Tillsonburg. Other companies have on average 17-25 people who don’t show up to work daily. Question to Cephas regarding a huge parcel of available land whether it is possible to sever into smaller segments. Cephas responded that it’s not technically impossible, just have consideration like road frontage to deal with. Members of the committee recommended to Town staff that an industrial recruitment strategy, for both businesses and workers, should be developed and implemented Cephas noted that a number of initiatives are underway and are generating results. New initiatives, including videos, website testimonials, etc. to showcase that Tillsonburg is ready for business, are being developed. It will focus on what others are saying, and to sell the support, initiatives, workforce, etc. Discussion was held that instead of testimonials, the site selectors may benefit from factual information on water, hydro, transit, taxes etc. Discussion was held regarding other parcels of industrial land, and when the focus will shift to developing and pre-selling. If the process from beginning to end takes 10 years, we should be starting now. Decision was made that the marketing strategy will continue in alignment with the strategic plan. Comments were made to consider physician recruitment, housing, workforce etc. Focus on identifying the low hanging fruit, and be ready when government funding and opportunities present themselves. Some committee members commented that is room to consolidate from 4 pillars into 3. Suggested combining community marketing, investment, and workforce, as one under industry recruitment. Discussion was held around creating a value statement to tie it all in at beginning of document, and a way to track achievement of these items to ensure we are achieving our goals. Various committee members suggested that the list is large for one committee and maybe sub-committees are required with time-lines and priorities. Comments were made that most of the goals in the current document align more with Small business, entrepreneur, downtown development vs. the industrial development recruitment. The Mayor reminded the group that this is an advisory committee and members are not expected to pull the weight of an economic development organization. This is not a full time job to manage, there are staff paid to do this. The CAO noted that the items had score and ranking. Cephas noted that the score was based on what the committee said was priority and then ranking. 9 or 10 members participated in survey. The CAO recommended to pick what is most valuable and place highlights or stickers, then use that to make recommendations to council, and see where the priorities overlap with community strategic plan. Some members expressed that the consultant sent out too much to review and it could be pared down. The Chair recommended that an email be sent to all members for a collaborative meeting to continue to form and polish these goals down even further. 6.2 Monthly Project Update - Cephas Cephas is pleased with progress to date on the final phase of servicing in the VIP, which should be completed to road base by end of month, then Tillsonburg Hydro go in. Zoning of South lands isn’t completed yet. Anticipate going to August 9th meeting of council for zoning. 2 of the 4 land sales are firm. North Ridge Realty looking to start construction in August. A question was asked about the status of the wayfinding signage project. Cephas responded that the original pricing came back way higher and have to go back and resend to tender before bringing back to council. An inquiry was made as to who is responsible for the population signs at the entrance to town. Cephas responded that he thought it was the MTO. 6.3 Circulation of Planning Applications - Cephas This entire committee would be added to planning committee so they would get applications in real time. Then they will be able to identify concerns or make resolutions to council. Cephas shared that there is a 511 app that provides road construction notices. It falls on planner, CP and the BIA to allow committee to receive notices. Zoning item CC-CCS has been circulated, will it be circulated to committee? Comment were given that Oxford and Harvey is an important one. It will be a big boost to downtown core. It was asked if the proposal gets circulated, what is the process for committee to make comment to council? Individual comments should not weigh against it. The process of having a staff report prepared or resolution from advisory committee should be followed, committee members should not speak ad hoc. It was recommended that timelines on proposal limit notice period should be in place. A committee member inquired if there is the ability to make decisions or vote electronically through email. If not, this is something we need to implement quickly. Cephas noted he would have to check with the Clerk’s office to get a decision on this to see if this is valid, and accepted practice. There is a time factor of deadline vs. timeline for staff report to council. Proposed Resolution #3 Moved by: Deb Gilvesy Seconded by: THAT the Economic Development Advisory Committee supports the application for zone change VDK Investments Inc. ZN 7-21-08 Lots 1100-1102, Plant 500, 38 Oxford Street, Tillsonburg. Motion was not passed as a quorum was not present. It was suggested that this committee receive emails of who is in support after meeting to get electronic agreement of scenario. The CAO noted that committees and council speak by resolution. 6.3 Tillsonburg Hydro Inc. – The CAO gave an update on the management changes due to retirement in hydro. A contract with ERTH has been signed to cover management and operations interim. Graig Pettit is management and Josh Smith is operations. Recruitment is on going and we hope to have someone in place by September. 6.4 Town Hall Task Force – A space needs consultant, has been selected. Meeting today at 3:30 with FABRIK Architects. 6.5 Physician Recruitment & Retention Committee – August meeting has been postponed until September. 6.6 Community Strategic Plan – The CAO shared that council approved the strategic plan with minor changes to the draft. The Consultant is working with design and layout group, and they are meeting with management team on Wednesday to present the new Strategic Plan. 7. Community Organization Updates 7.1 Downtown Business Improvement Association 7.1.1. June 2021 Report – BIA spending is still on hold except for pandemic recovery options, like the patio project. So far the season is successful. The BIA noted that last night on Town Council resolution – page 2 of report, regarding that a certain percentage of mall properties will be undergoing rental cost reassessments. This will have a huge budget impact on the BIA. Resolution was passed by council to keep the budget at same amount. Town staff has been very supportive. The BIA wanted to give kudos to Garden Gate Nursery. Linda and Matt been great to deal with for large flower pots to decorate around town. They noted that commercial vacancy rates are record lows coming out of pandemic. New businesses coming up are Popeye’s, BarBurritto, and new used car dealership. There are only two vacant spaces in the mall. Aug 12-14 is scheduled for sidewalk sales. They are working on an online portal and interactive map called Mapme.com Various businesses in the BIA is hiring – https://www.downtowntillsonburg.com/blog/nowhiring Council waived the restriction on banner signs until May 30, 2022. 7.2 Tillsonburg District Chamber of Commerce – no report given 7.3 Tillsonburg District Real Estate Board 7.3.1 Listings & Statistics https://reports.itsorealestate.ca/MatrixReportOutput/ReportOutput/20376/Render edDisplays1541.PDF The TDREB representative, Lindsay Morgan-Jacko, has submitted a resignation notice to the Economic Development Advisory Committee as is not able to continue with her representation at this time. The chair expressed gratitude for her time on the committee and contributions. 8. Round Table Comments were made that the Town of Otterville has copied the downtown baskets from Tillsonburg and it’s a nice form of flattery. Western Canada Company Armtek is using local talent for 3D power. 9. Next Meeting August 10, 2021 7:30 a.m. 10. Adjournment Proposed Resolution #3 Moved by: Seconded by: THAT the July 13, 2021 Economic Development Advisory Committee meeting be adjourned at 9:20 a.m. without resolution. The Corporation of the Town of Tillsonburg Economic Development Advisory Committee Meeting August 5, 2021 8:30 a.m. Electronic Meeting MINUTES Present: Jesse Goossens, Councillor Deb Gilvesy, Mayor Stephen Molnar, Lisa Gilvesy, Cedric Tomico, Suzanne Renken, Steve Spanjers, Collette Takacs, Kirby Heckford Staff: Cephas Panschow, Development Commissioner; Lisa Jibson, Executive Assistant (recording) Regrets: Andrew Burns, Kyle Pratt, CAO , Randy Thornton, Jeff VanRybroeck 1.Call to Order The meeting was called to order at 8:31 a.m. 2.Adoption of Agenda Resolution #1 Moved by: Steve Spanjers Seconded by: Suzanne Renken THAT the Agenda as prepared for the Special Meeting of the Economic Development Advisory Committee meeting of August 5, 2021, be adopted. Carried 3.Disclosures of Pecuniary Interest and the General Nature Thereof There were no disclosures of pecuniary interest declared. 4.General Business & Reports 4.1 Application for Zone Change VDK Investments The purpose of this application is to rezone the subject property from ‘Central Commercial Zone (CC)’ to ‘Special Central Commercial Zone (CC-sp)’ to permit a drive through as part of an eating establishment. (A drive-through is not a permitted use within the CC zone). Site had a pre-existing drive through, but has been empty for a while. After 6 months, lose the right to have a drive though and must be re-zoned. Suzanne noted that the Chamber did approve this re-zoning with comments. Traffic on Harvey is an issue. If comes in through Oxford Street, 1 lane becomes parking lane. Should consider turning one way. Chair noted that there is no access on Harvey according to modified site plan. Access point to right of drive through that is to be closed off. Discussion around Harvey Street traffic and exposure for local businesses. Mayor Molnar, reminded the committee this is a zone change application and the committee can offer comments on the site plan. Zone changed if approved will remain with the property, not the developer. Jesse commented that he and Cephas have been involved from an Ec. Dev standpoint for quite a while and wanted it on record that this is a national chain going into this site. This national chain is a large economic driver and needs to be considered and is a great advertisement for Tillsonburg considering this company is closing 50 stores across Canada. Picking a south end downtown location where Tillsonburg development is needed. This national chain has been trying to find a location in Tillsonburg for several years through private developers. Discussion was held regarding concerns that this may not be supported by council. Discussion was held regarding why the zoning needs to be modified. Staff confirmed that 6 months after not being used the zoning changes, and the zoning by-law had changed. Even though it was an existing drive-thru so it was grandfathered, but 6 months after not being used, the time limit expires on the zoning. Comments were made to relieve some congestion on Oxford Street, make an exit only though the municipal lot, this could also provide access for deliveries. Member commented that the parking lot is full on a regular basis, and now additional spots for staff will add to the stress. Recommendation that there should be a one-way exit towards existing dumpster onto Cat Alley. Resolution #2 Motion by: Lisa Gilvesy Seconded by: Steve Spanjers THAT the Economic Development Advisory Committee recommends that Council support Zoning application ZN 7-21-08 to rezone the subject property from ‘Central Commercial Zone (CC)’ to ‘Special Central Commercial Zone (CC-sp)’ to permit a drive through as part of an eating establishment, with consideration to reviewing access points to ensure smooth traffic flow. 4.2 Community Improvement Plan Applications (2) attachments 4.2.1 Application Community Improvement Plan – 61 Townline Road Motion by: Deb Gilvesy Seconded by: Suzanne Renken THAT the Economic Development Advisory Committee recommends that Council approve the Community Improvement Plan application for 61 Townline Road. Carried 4.2.1 Application Community Improvement Plan – 141 Broadway Motion by: Steve Spanjer Seconded by: Kirby Heckford THAT the Economic Development Advisory Committee recommends that Council approve the Community Improvement Plan application for 141 Broadway. Carried 5. Round Table Lisa Gilvesy noted she wasn’t aware Lindsay had resigned. Deb Gilvesy shared that the new real estate representative is being recommended at August 9th council meeting. 6. Next Meeting August 10th, 2021 @ 7:30 a.m. 7. Adjournment Resolution #3 Moved by: Steve Seconded by: Collette THAT the August 5, 2021 Special Meeting of the Economic Development Advisory Committee meeting be adjourned at 9:07 a.m. Carried Monthly Project Update – (September 2021) Prepared for the Economic Development Advisory Committee Project Name/Reference Status Downtown Business Development (On-hold) Staff to prepare a marketing profile based on data from the retail study to support retail recruitment efforts. Economic Development Strategy Update Proposed streamlining of 31 action items brought forward to at July meeting. Next steps are comparison to newly approved Community Strategic Plan, consider consolidating four theme areas into 3, schedule a meeting solely for the purpose of refining and making a recommendation to Council. Future Industrial Growth Council approved resolution regarding listing the VIP lands. Next steps prepare RFP and release. High Tech Manufacturing Sub- cluster Action Plan Implementation plan and model being updated. 2021 kick-off event deferred to September 2021 due to ongoing Stage 3 guidelines. Preparation work, including webpage, launch video, etc, will continue. Pandemic Recovery No actions at this time Post-Secondary Education Enhancements Working on supporting increased engagement between high school and local businesses through enhancements to Career Studies courses. Debriefing re past year held. Re-engaging with new Career Studies teacher in late summer. Town Hall Project Appraisals for various town properties completed. Fabrik Architects retained to update Space Needs Study, with second draft being reviewed by Committee/Staff. Van Norman Innovation Park Servicing contract awarded to Froese Excavating on April 26, Construction started on May 17. Construction nearly complete with road surfaces paved to base asphalt as of September 9. Contractor will be completing the majority of items and demobilizing over the next few weeks. Wayfinding Signage Update Request for Tender deadline was September 1, 2021. Staff reviewing submitted proposals. 2 Simcoe St Staff reviewed this issue with Building Department and with various options being considered. Will bring forward. Page 1 of 5 Report from BIA Chair – ED09-01 To: Economic Development Advisory Committee From: Cedric Tomico – DTBIA Chair Date: September 8, 2021 Subject: DTBIA business update ________________________________________________________________________________ The following status report is provided to the ECDEV Advisory Committee: Financial/budget: - 2021 financial results continue to be well-managed with both revenues and expenses below budget. As of the end of August, the DTBIA has a profit of +/- $50,000. - The County of Oxford (Human Services) provided a grant of $24,770 to assist with impacts of the pandemic: capital for smoking control; labour for additional clean-up; tools for needle handling/training, etc. This is much appreciated and will assist our team in their daily activities. There has been a marked increase in transients as well as dumped garbage, needles and houseless people making a presence in the DTBIA zone. - 2022 budget and business plans will be presented to the board at the September meeting. This document builds upon the successes and learnings from the both the pre- pandemic and pandemic period. The plan will ensure that the DTBIA is poised for continued successes in 2022 and beyond. Key features of the 2022 document are restoring the EMC position to full-time; stabilizing the financial situation after significant impacts of tax adjustments and building upon the strengths as demonstrated since December 2018. - The team continues to explore monetization of various DTBIA properties to improve revenues and profits. - Working closely with Susan DeRoo and the MSC team; the DTBIA was able to secure two more part-time casual labour placements for a total of 600 hours of fully subsidized labour for balance of year. Page 2 of 5 - Operations & Beautification: - Many positive comments continue to be received about the care and condition of the downtown area. We know that a clean and aesthetic downtown has been key to creating the right conditions for further investment. - Three dead trees were removed complimentary by Mike Dean and his team at Advanced Towing. - New ground-level gardens have been installed to replace the trees – these have also received many positive comments while improving the site vistas of the storefronts. - 8 artisan painted benches have been installed throughout the DTBIA zone as part of the I-heART Steps public art program – these have received rave reviews and have been posted online to the DTBIA platform. Membership: - The team is currently working with No Dice Games and Sew-U-Can for potential relocation to larger premises while remaining in the downtown core area. - The team is also working with one existing restauranteur who wishes to open a speciality ice cream, gourmet hot dog and gourmet sandwich shop also in the downtown core area. - Items of note: a. The entire Canadian Shoe Outlet chain is in receivership. The TTC location will be closing at some point in the balance of year. b. Council approved the proposed restaurant with drive-thru in the former Lucky Buffet restaurant. . c. Motor City car dealership is under renovation with a targeted opening TBD. Town Centre Mall update: d. QBUD Cannabis has finally opened their doors. e. The Bar Burrito Mexican restaurant leasehold improvements are underway – we have been informed by Strathallen that they should be open to the public prior to year end 2021. f. The Popeye’s Louisiana Chicken Restaurant is under construction. Good news to report that the required HVAC and other essential systems have arrived and are being installed. Opening date is prior to end of year. Page 3 of 5 g. Further renovations and updates to the mall structure are under review and consideration. There are plans for further improvements to egress/ingress. h. With the recent absorption of square footage; there will be three vacant retail units in the TTC Mall – one on the exterior in building 164 and two in the interior of building 200 (CSO soon and also the old Bentley’s location) i. The ED is has reached out to a number of national chains to sell the TTC as a potential location for their operations including Subway; Booster Juice; etc. j. The ED has met with town staff to discuss potential for further box-style pads for future development on or adjacent to the mall campus. Façade Improvement Program: - The DTBIA team continues to work with interested parties on the FIP. There have been significant barriers to projects moving forward due to the continuing national and regional shortage of building materials as well as a shortage of contractors to execute work orders. Some applicants are reporting a complete lack of response to requests for work quotations. - There are 8 projects in the queue at present with only one project (Oxford/Harvey – Curtis) nearing completion. - The designer/rendering company has been paid for 3 projects thus far in 2021. Ambassadorial support(s): - The BIA leadership team continues to work one-on-one with business owners/tenants/landlords on business issues, challenges and support programs. - To date; thirty (30) businesses have asked for various types of assistance. The ED has also provided contact information and alternative funding sources outside of those programs articulated from the government at present. The EMC has been very active in sharing ideas amongst the members. - Business metrics: The ED and EMC continue to provide coaching with members on various elements of their businesses and to share learnings between the members here in Tillsonburg and from elsewhere around the province. The implementation of best practices and feedback has gone a long way to ensure our members are improving their businesses on a continual basis. - Assisting BIA members to fill job vacancies – the EMC has been working one on one with members who need HR recruitment assistance including the posting of vacant positions that need to be filled. There is a DTBIA-wide shortage of workers; particularly in the hospitality and service sectors. Page 4 of 5 - Business Plan follow-up: - DTBIA continues to research additional best-practices for implementation. The team continues to participate in weekly OBIAA team calls to learn from other members and regions. - The ED and EMC have continued to adjust the tactics and programs as the year has progressed. - Our new office space continues to facilitate further business incubation – one of the political parties is renting the boardroom and window-space for the month of September at market rates. - There will need to be a structural adjustment and realignment of all future budgets to account for the magnitude of tax adjustments with a focus of the mall campus buildings known as municipal addresses, 164, 170, 200 and 248 Broadway. - The capital plan was reduced for FY 2021 with only the work trailer and generator being purchased and implemented. - The team continues to economize and spend wisely. Advocacy: - We continue to build constructive and fruitful relationships with many of our BIA colleagues from across the province. This continues to assist the team in ensuring we are operating the BIA in the spirit of continuous improvement on a daily basis. - Common member issues are also addressed and brought forward for discussion points during weekly OBIAA calls – this has proven to be an impactful tool for Kay Matthews and her team to follow-up on much like Suzanne Renken does with the CCC and OCC with TDCC issues of concern. The DTBIA and TDCC continue to work closely on shared interests. - The ED regularly meets with Senior town staff to review items to be actioned. The DBITA team also works closely with the town’s waste contractor to remedy missed recycling and garbage pick-ups as needed and directed through the Customer Service Centre. While this is primarily an operational issue; we do advocate to improve the systems and procedures between the parties when they affect our membership. - The ED was made aware yesterday during the OBIAA best-practices call of our neighbouring Downtown Brantford BIA who was subjected to a $97,000 retroactive tax adjustment. This “flaw” in the Municipal Act must have a laser-focused action plan for change. BIA’s have many challenges. Municipal Act reform must be a priority for action. Page 5 of 5 This is something that we would ask the TDCC to work with us on for resolution in the near term. Events & Marketing: - The Downtown Sidewalk Sale Days promotion and activities was well executed with many businesses reporting strong sales and customer traffic flows - Support for all new businesses that have recently opened – ongoing. The, EMC and Board Chair make an effort to attend all new business openings – usually on day one. Other board members have been making the effort of joining the ED and EMC for other other openings. Board Member Jane Tilson attended the True North Cannabis opening with the ED in August. - The “Late Night Thursday” initiative was implemented with banners, social media and printed materials. Further analysis will be undertaken to determine if this should continue forward. - The EMC continues to produce short video content to be posted to our social media channels. These efforts have been recognized by Tourism Oxford and others as being among the best in County. - The EMC was instrumental in our success with the IheART public art program. Our successful program application facilitated 8 benches being painted and deployed throughout the DTBIA zone. - The DTBIA was a sponsor of the TDCC annual golf event. The EMC was personally on- site all day even though this conflicted with the sidewalk sale days promotion. Summary: The DTBIA team continues to pivot to the emergent issues as they present themselves while ensuring that we are meeting or exceeding the requirements of the Town/DTBIA MOU. We continue to act as a sounding board and to triage the requests for assistance to and with our various partner organizations including the Police Services Board and Southwestern Public Health. Again, we should all be very proud of the continuing strong interest and investments being made in the DTBIA zone. We continue to be among the top performing BIA’s in Ontario when looking at various metrics including vacancy rates, storefront usage, pedestrian traffic counts, investor enquiries, “time to lease”, and other important measurables. As always, your feedback and suggestions are welcomed. Tillsonburg District Real Estate Board 1 Library Lane, Unit 202 Tillsonburg, ON N4G 4W3 Phone: 519-842-9361 Source: The Canadian Real Estate Association and the Tillsonburg District Real Estate Board MLS® System. REALTOR® is a trademark, which identifies real estate professionals who are members of the Canadian Real Estate Association and, as such, subscribe to a high standard of professional service and to a strict Code of Ethics. TOWN OF TILLSONBURG’S REAL ESTATE MARKET REPORT FOR AUGUST 2021 ** It is important to note that the percentage of difference compared to August 2020 was significantly impacted by the newly implemented restrictions related to COVID-19 and may not accurately reflect a real percentage of change for that time. The number of homes sold through the MLS® System of the Tillsonburg District Real Estate Board totalled 32 units in August 2021. This was a decrease of 36.0% from August 2020. On a year-to-date basis, home sales totaled a record 296 units over the first eight months of the year. This increased by 18.9% from the same period in 2020. The overall MLS® Home Price Index (HPI) composite/single-family benchmark price was $579,200 in August 2021, a substantial gain of 41.2% compared to August 2020. The average price of homes sold in August 2021 was $575,644, increasing by 22.6% from August 2020. The more comprehensive year-to-date average price was $571,178, rising 33.4% from the first eight months of 2020. The number of new listings saw a reduction of 4.9% from August 2020. There were 39 new residential listings in August 2021. Active residential listings numbered 24 units on the market at the end of August down by 45.5% from the end of August 2020. Months of inventory numbered 0.6 at the end of August 2021, down from the 1.8 months recorded at the end of August 2020. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity. CONTACT: TDREB PRESIDENT David Bennett davidb@royallepage.ca 519-842-8418 TDREB GR CHAIR Dane Willson dane@danewillson.ca 519-842-8418 TDREB EXECUTIVE OFFICER Linda Van Hooren tburgreb@bellnet.ca 519-842-9361 Source: The Canadian Real Estate Association & the Tillsonburg District Real Estate Board MLS® System. The trademark MLS®, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. TOWN OF TILLSONBURG Year to Date Housing Market Update for August 2021* *Based on residential data from the Tillsonburg District Real Estate Board MLS® System. All percentage changes are year over year comparisons. Home Sales up 18.9% Home Sales numbered 296 units August 2021 YTD, up 18.9% compared to the 249 units sold August 2020 YTD. Inventory down 66.7% **August 2021 YTD had 0.6 months of inventory, down from 1.8 months at the end of August 2020. New listings up 16.4% There were 334 new listings August 2021 YTD, up 16.4% compared to 287 new listings August 2020 YTD. Benchmark price up 41.2% The benchmark price was $579,200 August 2021 YTD, up 41.2% from $410,300 August 2020 YTD. **The year-to-date months of inventory figure is calculated as average active listings from January to current month/average sales from Jan uary to current month. Property Client Thumbnail Client Thumbnail 3 ELM St Tillsonburg MLS® #: 40138969 Active / Commercial Sale Price: $3,750,000.00 MLS®#:40138969 Region:Oxford Bldg Area Total:41,000 Municipality Area:Tillsonburg Lot Size Area:4.74 Neighbourhd/SubDist:Tillsonburg Lot Front:402.85 Property Sub Type:Industrial Lot Depth:392.62 Business Type:Tax Amount:$39,435 Waterfront Y/N:No Tax Year:2021 41,000 SF clean industrial building with approx. 2.5 acres of excess land available for sale. Office area consists of ± 6,000 SF. Warehouse area includes 4 – 8’x10’ truck level doors, 3 – drive-in doors (8’ x 8’, 10’ x 10’, 10’ x 12’), 12’ to 20’ (under joists) clear height, column spacing: 21’ x 52’ (12’ clear height area), 37’ x 40’ (20’ clear height area) and 400 amps, 600 volts (3-phase) electrical service. MG (General Industrial) zoning. Client Thumbnail 169 BROADWAY Tillsonburg MLS® #: 40094274 Active / Commercial Sale Price: $915,000.00 MLS®#:40094274 Region:Oxford Bldg Area Total:3,400 Municipality Area:Tillsonburg Lot Size Area:8,557.00 Neighbourhd/SubDist:Tillsonburg Lot Front:50.79 Property Sub Type:Building Only Lot Depth: Business Type:Tax Amount:$12,910 Waterfront Y/N:No Tax Year:2020 OPPORTUNITY! A rare opportunity to own one of the premier buildings in Tillsonburgs' bustling downtown core. Building was previously the Strand Cinema and was demolished and rebuilt by a Tier One Financial institution saving the architectural character of the building which now sits in one of the prime locations in the downtown core. Featuring rare private parking, marquee signboard, new roof and two street facing units (1620 square feet and 1800 square feet)with partial and fully finished basement. One unit is presently tenanted to a long term tenant the other recently underwent extensive renovations for an office user and is presently for lease. Here is your chance to own your own destiny or take advantage of an attractive cap rate on a rare find. Client Thumbnail 21 BROCK St #3 Tillsonburg MLS® #: 40141892 Active / Commercial Lease Price: $950.00/Month Gross Lease MLS®#:40141892 Region:Oxford Bldg Area Total:1,100 Municipality Area:Tillsonburg Lot Size Area:0.00 Neighbourhd/SubDist:Tillsonburg Lot Front:0.00 Property Sub Type:Part of Building Lot Depth: Business Type:Tax Amount:$0 Waterfront Y/N:No Tax Year:2020 Newly Renovated Downtown Location! This 1100 sq.ft. unit is located at the rear end of the building on the lower level, ground level access. Included with rent is onsite parking, one universal bathroom, heat & hydro. Flexible possession date. Surrounded in a high traffic area, this busy retail section includes other established local businesses such as Oldridge Heating & Cooling, Calm the Soul Yoga & Wellness Studio, Boston Pizza and more. All measurements and realty tax are approximate. Client Thumbnail 239 BROADWAY St Tillsonburg MLS® #: 40139267 Active / Commercial Lease Price: $35.00/Sq Ft Net MLS®#:40139267 Region:Oxford Bldg Area Total:6,955 Municipality Area:Tillsonburg Lot Size Area:0.16 Neighbourhd/SubDist:Tillsonburg Lot Front:67.18 Property Sub Type:Building Only Lot Depth:101.87 Business Type:Tax Amount: Waterfront Y/N:No Tax Year: This build-to-suit opportunity is located in a very high traffic area! Situated on the corner of Broadway St. and Bridge St. - have your new and improved location designed to suit your exacting wants and needs. Site is surrounded by many national chains including, but not limited to: Metro, Pita Pit, Canadian Tire, Medpoint Healthcare, Walmart, Kelsey's Restaurant, LCBO. Site is zoned CC (Central Commercial) which provides for a number of retail and commercial allowances. The landlord is willing to build to a maximum footprint of approx. 6955 sq. ft. on the site - all subject to municipal conformity and town by-law allowances. Client Thumbnail 230 LISGAR Av Tillsonburg MLS® #: 40130698 Active / Commercial Lease Price: $13.00/Sq Ft Net MLS®#:40130698 Region:Oxford Bldg Area Total:1 Municipality Area:Tillsonburg Lot Size Area:1.00 Neighbourhd/SubDist:Tillsonburg Lot Front:0.00 Property Sub Type:Part of Building Lot Depth: Business Type:Tax Amount:$0 Waterfront Y/N:No Tax Year:2020 Totally renovated Lisgar Heights Plaza is filling up fast! Great retail or professional business office in premium location in the hub of Tillsonburg. Sports and main recreation centre is directly across the road and high population density all along Lisgar Ave. Zoning is SC-E which allows retail, office, medical or personal services. Units available 915,1220,and 1700 square feet. Don't hesitate to make this your new professional business address! Client Thumbnail 1444 BELL MILL Sr Tillsonburg MLS® #: 40111073 Active / Commercial Lease Price: $6.50/Sq Ft Net MLS®#:40111073 Region:Oxford Bldg Area Total:40,000 Municipality Area:Tillsonburg Lot Size Area:7.07 Neighbourhd/SubDist:Tillsonburg Lot Front:608.34 Property Sub Type:Industrial Lot Depth: Business Type:Tax Amount:$1 Waterfront Y/N:No Tax Year:2020 Excellent opportunity for large facility on main arterial road (Highway 3) in Tillsonburg Industrial zone. Facility features 40,000 square feet of space with 7 acres of space for outside storage or parking. Approximately 30,000 feet of air conditioned space. Several private offices, large boardroom, staff lunch rooms and washrooms. Large paved parking area at front with rollup door and grade level loading. Rear features two dock level doors and two grade level doors. 14' clear height throughout building. Triple net lease. Client Thumbnail 41 & 45 JOHN POUND Rd Tillsonburg MLS® #: 40110131 Active / Commercial Lease Price: $5.95/Sq Ft Net MLS®#:40110131 Region:Oxford Bldg Area Total:29,067 Municipality Area:Tillsonburg Lot Size Area:12.81 Neighbourhd/SubDist:Tillsonburg Lot Front:335.78 Property Sub Type:Building and Land Lot Depth:1,782.93 Business Type:Tax Amount:$25,200 Waterfront Y/N:No Tax Year:2020 INDUSTRIAL SPACE FOR LEASE! Excellent location with high traffic visibility, easy access to HWY #3 and to HWY #401. Previously a steel fabrication facility (Zoned; General Industrial MG3) this space is equipped with an indoor/outdoor crane, 250' long X 30' wide & twin 16 metric ton lift units and a 2 ton lift unit(14'- 17' under crane & 25' - 28' ceiling heights). There is ample outside storage and parking for 50+ vehicles, serviced by 3 grade level doors and 2 truck level doors(these with new dock locks 2020). Also, new grading, asphalt, concrete work completed in a portion of the parking lot and new 'accessible entrance' done in 2020. Inside be welcomed by a large reception area, plenty of private offices, open space with island for production meeting or manager area, board room, lunch room, parts room, 3 washrooms and janitor room. Client Thumbnail 169 BROADWAY St Tillsonburg MLS® #: 40027662 Active / Commercial Lease Price: $16.00/Sq Ft Net MLS®#:40027662 Region:Oxford Bldg Area Total:1,600 Municipality Area:Tillsonburg Lot Size Area:8,557.00 Neighbourhd/SubDist:Tillsonburg Lot Front:50.79 Property Sub Type:Building Only Lot Depth: Business Type:Tax Amount:$1 Waterfront Y/N:No Tax Year:2020 Excellent High Visibility Downtown Location!! Unit available in one of Tillsonburgs premier locations. Immaculately kept building already fitted out with high end upgrades. Large reception area, three private offices, two bathrooms, lunch room and storage area. Rear entrance leads to parking lot with three exclusive spots for tenant parking! Protected by copyright. All use of MLS® System data is at your own risk. Information is deemed reliable but Information Technology Systems Ontario makes no warranties or representations regarding the MLS® System data. YEAR TO DATE MONTHLY 2021 2020 % Difference 2021 2020 % Difference $ value of Total Units Sold $847,219,131 $453,026,221 87.01%$95,695,764 $85,503,273 11.92% $ value of Residential Units Sold $708,197,218 $393,993,120 79.75%$84,971,503 $70,763,072 20.08% $ value of Other Units Sold $139,021,913 $59,033,101 $10,724,261 $14,740,201 Total # of Units Sold 1354 1002 35.13%159 170 -6.47% # of Residential Units Sold 1166 884 31.90%142 146 -2.74% # of Other Units Sold 188 118 17 24 Total # of New Listings 1742 1418 22.85%203 224 -9.38% Total # of New Residential Listings 1446 1174 23.17%172 182 -5.49% Total # of Other New Listings 296 244 31 42 Total # Currently on Market See Monthly Numbers 260 # of Residential Currently on Market See Monthly Numbers 164 # of Other Listings Currently on Mkt See Monthly Numbers 96 RESIDENTIAL SALES Accum.Accum.Month Reporting Month Reporting BY PRICE CATEGORY 2021 TTL 2020 TTL 2021 2020 AVERAGE RESIDENTIAL SALE PRICE $ - $300,000 33 131 4 14 $300,000 - $499,999 348 490 38 72 $500,000 - $599,999 283 126 38 28 2021 2020 % Difference $600,000 - $699,999 191 71 28 15 MONTH $598,391 $484,679 23.46% $700,000 - $799,999 124 36 12 7 YTD $607,373 $445,694 36.28% $800,000 - $899,999 88 17 10 9 $900,000 - $999,999 36 5 7 0 $1,000,000 - 1,099,999 20 2 1 1 $1,100,000 - 1,199,999 15 5 2 0 Over - $1,200,000 28 1 2 0 Region: Elgin, Oxford, Norfolk for “Tillsonburg District” definition see Region & Municipality below. MLS® ACTIVITY FOR THE MONTH ENDING AUGUST, 2021 TILLSONBURG DISTRICT REAL ESTATE BOARD All YTD Totals may not match the month to month cumulative total due to continuous, live updates of data combined with permitted timing of entry. The information only represents MLS® listings sold and reported through ITSO. The information has been drawn from sources deemed to be reliable, but the accuracy and completeness of the information is not guaranteed. In providing this information, the Tillsonburg District Real Estate Board does not assume any responsibility or liability. Municipality: Tillsonburg, Norwich Twp, SW Oxford, Bayham, Charlotteville, Delhi, Houghton, Middleton, N Walsingham, S Walsingham, Port Rowan, Town of Simcoe, Windham