Civil and Municipal - Jan 2024

Another significant company is Magna International, one of the largest automotive parts suppliers in the world. Its global headquarters are in nearby Aurora, and its founder, legendary businessman, politician, and developer of one of the world’s first electric vehicles, Frank Stronach, is building a new plant in Stouffville for the manufacturing of the Sarit, his new micro-mobility line. “We’ll be cutting the ribbon on that in the spring,” Lovatt reveals. CHALLENGES AND OPPORTUNITIES Growth brings both opportunities and challenges. One of the chief challenges for Stouffville is how it is going to provide the necessary infrastructure and housing for its new residents. “A lot of the growth that we’re going to experience over the next 30 years is going to be restricted by the time it takes for us to service all the people that are going to move here,” Lovatt explains. “There are a million immigrants a year coming into Canada and more than half of them are settling in the GTA, and tens of thousands of them are going www.telMAX.com Proud to be delivering Canada’s Fastest Internet Service to Stouffville residents and businesses. Empowering the community for years to come. 84 CIVIL AND MUNICIPAL VOLUME 5, ISSUE 01