The GTA Transportation Effect
The Greater Toronto Area (GTA) is undergoing a 12 year plan to fund 52 transit projects. This
Program, called “MoveOntario 2020" is a major government undertaking that covers much of southern
Ontario. However, for the scope of this report we will be discussing the impact on real estate values
in the GTA and Barrie region. Future reports will discuss other more outlying regions that will be
affected by the Move 2020 Program. Here are the highlights of the research:
Transportation changes announced and underway in the GTA will deliver a 10%–20%
enhancement of real estate values in the regions most affected. In the future, these areas will
outperform the rest of the region. If the market goes up everywhere, these areas will increase by
about 10%–20% more. If the GTA values drop, these will drop by 10%–20% less.
Distances are now measured in minutes - not kilometers. With the dramatic increase in the price
of gasoline, choices will increasingly be influenced by time and accessibility.
Values in older and more established neighborhoods are impacted more significantly than in
newer developments. This value impact is felt most strongly three years after a transit station is
opened.
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