Council endorses 2026 Corporate Asset Management Plan

Long-term planning will help maintain Oakville's $4.9 billion in infrastructure assets

At last night’s meeting, Council endorsed the Town’s 2026 Corporate Asset Management Plan, a long-term roadmap for maintaining and investing in the infrastructure that residents, businesses and visitors rely on every day.

The plan outlines how Oakville will manage its $4.9 billion infrastructure portfolio, including roads, bridges, stormwater systems, parks, facilities, vehicles, equipment and information technology assets. It is organized around three service values that reflect what residents expect from Town infrastructure: quality, reliability and functionality. Together, these principles help balance community expectations, risk, affordability and long-term asset performance.

Oakville’s infrastructure remains in strong condition, with more than 90 per cent of assets rated in fair or better condition, and 62 per cent in the early or mid-life stage of service. The plan also highlights the need for continued long-term financial planning as infrastructure ages, growth continues and costs increase.

Over the next 10 years, the Town expects to invest an average of $425.8 million annually in infrastructure renewal, day-to-day operations, growth and service improvements. Existing reserves and anticipated funding through future budgets are expected to support the 10-year forecast; however, the plan identifies an average annual funding gap of $15 million over this period, with an additional annual gap of $5.9 million projected for years 11 to 25.

To address future infrastructure needs, the Town will continue to evaluate funding tools and strategies through its budget and business planning processes. These include the strategic use of debt, the annual capital levy, reserve contributions, external funding opportunities, service level reviews, and ongoing monitoring of asset condition and performance. 

Review the full 2026 Corporate Asset Management Plan.

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“Our unanimously adopted asset management plan is in full compliance with the Provincial Regulation that set all Ontario cities on the path to create and update asset management plans. The plan's small shortfall is within the scope of the Regulation and Council's ability to manage timing of spending. We have led and will continue to lead the pack in asset management and quality.”

- Mayor Rob Burton