New Transit Projects Are Underway
Canadian cities have been growing rapidly, but investments in public transit have not kept up with the pace. This has led to more traffic congestion and longer commutes for Canadians.
Soon, this will all change. The federal government will provide funding for new transit projects to help cities and communities plan for the future. The federal government will work with provincial and municipal governments as well as transit and policy stakeholders to develop yearly investments into new public transit projects. This includes new light rail transit lines, subway extensions and greater connections to Subway Stations and GO Trains.
Investing Near A Transit Line
Investing in a pre-construction development near a transit line or an upcoming transit line is important for any investor. These new transit lines will connect to subway stations, GO stations and future light rail lines, creating an all-encompassing transit system. Investing near these transit lines will increase real estate appreciation rates by 30%. This means that investors should look for pre-construction projects near transit lines that have been approved by the Government and the Ministry of Transportation. This way, investors will see the value of their property gradually increase once construction is completed.
With the transit system’s expansion, investors can expect many more pre-construction developments to be built near these corridors. This is because there will be high demand to live near these new transit lines. These new developments will maximize investment opportunities and support the success of the future transit system.
As the Greater Golden Horseshoe prepares for population growth, investors now have the opportunity to purchase a condo unit near one of these transit lines.
How The Government Is Supporting New Transit Lines
The Government of Canada understands how important it is to expand the current transit system. Investing in public transit reduces congestion on the roads, fights climate change and helps the economy by creating new jobs.
The Federal Government has announced that they are investing $26.8 Billion for four approved transit lines, including the Scarborough Subway Extension, the Eglinton Crosstown West, the Ontario Line and the Yonge North Subway Extension. These new transit lines will provide better connections to the current transit system and give commuters access to convenient transit in under-served areas. When construction is completed for these four projects, 6 million people across the GTA will have better access to transit services. Plus, with new transit lines in Toronto, Vaughan and the rest of the GTA, there will be over 1,200 kilometers of public transit routes.
The Government recognizes the importance of investing in transit infrastructure. It builds strong communities and gives Canadians a better quality of life. Therefore, the Federal Government will continue to invest in infrastructure projects that provide convenient transit to the growing population.
Rapid Transit Lines
The reason why I decided to stick with GTA-Homes as a Broker is because of the knowledge and the resources that they have available on the web. Social media is a platform that I’m on all the time so having this information available to me on a space that I’m always on was perfect for me. The information was easy to understand, easily digestible and everything that I needed.
My wife and I are first-time investors in pre-construction condos and we both had the pleasure of working with David and Brigitte from GTA-Homes. – The whole experience was very informative and educational but it was also very professional. – They were always there for us, always willing to answer any questions we had and provide us with any information we needed to make the right decision.
I met Allison at GTA-Homes through a colleague and she sat down and went over pre-construction options with me. What impressed me the most about Allison was her attention to detail and her follow up. She made sure that I was completely happy, comfortable and engaged throughout the entire process.
We found GTA-Homes through online searches. Initially we were looking for developments that were available and GTA-Homes came up in our search very frequently. We ended up reaching out to Lauren from GTA-Homes and that’s how the relationship began. Lauren was amazing! She was always available and answered all of our questions. We didn’t have a question that went unanswered.
My experience working with David and the team has been exceptional from the start. David and I met about 4 or 5 years ago. I requested floor plans and information on a particular project and right from the start he was able to answer all of the questions I had without any hesitation. He was super approachable and ultimately I felt like I could trust him and the team.