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Asset Management

Asset Management in North Perth

We all rely on North Perth’s roads, water, and other services every day. Asset management is how we make sure those services stay safe and reliable for today and for future generations. On this page, learn what asset management means for our community and how it benefits you as a resident.

What is Asset Management?

Asset management is how North Perth strategically plans, maintains, and invests in public infrastructure – like roads, water systems, and community buildings. The goal is to provide reliable, cost-effective services for residents today and into the future.

Why it Matters to You

Why should you care about asset management? Because it directly benefits you and the community in many ways:

  • Keeps infrastructure safe and sustainable.
  • Helps extend the life of public assets.
  • Supports smart decisions on repairs and upgrades.
  • Maintains service quality without breaking the budget. 
  • Ensures long-term financial health for the community.

All these advantages mean you can count on safe, reliable roads, water, and other services – not just now, but for years to come.

North Perth's Infrastructure at a Glance

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How we’re Planning for the Future

North Perth takes a forward-looking approach to caring for our infrastructure. We have an ocial Asset Management Plan – updated in 2025 – that looks ahead 10 years (2025–2034) to map out maintenance and upgrades for our roads, bridges, pipes, and facilities. By planning ahead, we can schedule repairs and replacements at the right times and budget for them gradually, so that we avoid sudden failures or surprise costs down the road. This 10-year plan acts as a roadmap to help the Municipality decide which projects to do first, keeping critical services reliable without unexpected budget spikes.

2025 Asset Management Plan 

Strategic Asset Management Policy

We also follow a Strategic Asset Management Policy that guides how we make these decisions. This policy makes sure that taking care of assets is built into our budgeting and planning process . In other words, we align our infrastructure plans with the annual budget and other community plans, so that maintenance and upgrades are funded and timed properly. The policy even considers future challenges – for example, we factor in the potential impacts of climate change and look for opportunities to coordinate with neighboring municipalities on shared infrastructure needs.

Strategic Asset Policy

Our goal is to keep North Perth’s overall infrastructure in “Good” condition long-term, while balancing needed investments with aordable taxes and utility rates for our residents.

 

Contact Us

Municipality of North Perth
330 Wallace Avenue North
Listowel, ON N4W 1L3

Tel: 519-291-2950
Toll Free: 1-888-714-1993

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