Statement from Minister of Infrastructure Bob Chiarelli on the Release of the Auditor General's 2017 Report
"The Auditor General has identified a number of areas where we can improve our real estate management practices. I accept her recommendations and she has my commitment to take the appropriate action.
Infrastructure Ontario is an exceptionally well-governed agency that is respected both in Canada and around the world, but there is always room for improvement. It will continue to improve oversight measures, including audits, in order to continue providing the province with high-value service at a reasonable cost to taxpayers.
Our goal is to ensure that provincially-owned properties are used in the best way possible. Ontario holds one of the largest and most diverse real estate portfolios in the entire country. We know that there are challenges associated with managing a pool of assets this large, especially with many of the properties dating back 40-50 years, and nearing the end of their useful lives.
On November 28th, we released Building Better Lives: Ontario's Long-Term Infrastructure Plan, 2017. This document includes the initial findings of the province's first-ever asset inventory, something no Ontario government has ever undertaken before. This tool will provide us with more of the information that we need to keep the province's real estate portfolio in good repair.
We are committed to constantly improving the way in which we maintain the province's real estate assets. The government actively researches best practices and explores innovative approaches to portfolio management in the interest of getting the people of Ontario the best value for money. We will never stop challenging ourselves to find more efficient ways to manage public assets.
I thank the Auditor General for her report and commentary on the province's real estate management practices."