The revised Official Community Plan (OCP, 2016), preceded by the community-wide engagement campaign, appears to be resonating with residents, the business community, and outside investors. The nine, newly-adopted Master Plans, which give direction to the future of our city's development, provide the ground-level mechanics of how that Plan will become reality. Council's Strategic Plan, the OCP, and Master Plans are all inter-dependent; each one an integral part of the greater whole - the Vision of being Hub of the Fraser Valley.
Abbotsford is in a period of strong and sustained growth. Our population has grown at the rate of 6% over the last five years, and our economic growth has been identified as one of the strongest across Canada (a recent poll put it at 3rd strongest). The City has been welcoming new businesses that are choosing to relocate to Abbotsford, with other significant investors either making inquiries or in the negotiation phase. Passenger traffic at the airport last year reached approximately 750,000, with the expectations that 1 million would be reached within the next few years. An expansion of the terminal is presently underway.
This week, the Planning Department released its 2nd Quarter report, and based on figures to end of July, the City is on pace to surpass last year's record construction and development status.
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