The Hamilton & KWC Ontario Transportation Effect
In June 2007, "MoveOntario 2020" - a 12 year plan to fund 52 transit projects around southern
Ontario was announced. The improvements to transit in the GTA and Hamilton areas will deliver a
10%–20% enhancement of real estate values in the regions most affected. In the future, these
areas will outperform the rest. If the market goes up everywhere, these areas will increase by
about 10%–20% more and if the market’s values drop, these areas will drop by 10%–20% less.
• In studies of the effect of transportation improvements on real estate in other jurisdictions around
the world, it was found that real estate value increases occur for properties located within 500-800
metres of stations on the new transportation lines. This will include property around: the new rapid
transit stations in the KWC region once finalized and the GO Train Stations along the Lakeshore
West Line to Hamilton.
• Real estate prices in key neighborhoods will increase more quickly than other regions due to the
improved transportation linkages provided. Improved accessibility drives real estate demand. As
with rapid transit, accessibility to major highway and highway improvements proved to be a major
determinant for increased property values in all studies. Studies show that, as highway networks
are created and existing corridors to the CBD are improved, the value of real estate in the area
increases. Positive effects on real estate values will be felt from the creation of Hamilton’s Red
Hill Valley Parkway in 2007 and the proposed extension to the Mid-Peninsula Highway further
south.
• Values in older and more established neighborhoods are impacted more significantly than in
newer developments.
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