Real estate transforming transit projects in the GTA

In this blog post, Tembo will briefly outline 5 major public transit projects that will promote densification, reduce traffic and congestion, and spur development across much of the GTA.

Eglinton Crosstown: One of the largest construction projects in the world, the 19 km long Crosstown will run from Weston Road to Kennedy Subway Station in Scarborough. The $5.3 billion line will house 25 stations and will be half tunnel, half LRT. The project will promote densification in midtown Toronto and will improve travel times from Scarborough to West York and north Toronto as well. The Crosstown will be complete in 2021.

Relief Line: The relief line will run from Pape subway station south along Carlaw Avenue to the neighbourhood of Leslieville, after which the line will curve westwards toward the downtown core. Frequently described by officials and TTC management as the most important transit project presently in consideration, the Relief Line is crucial to relieving subway traffic at Yonge-Bloor and St. George stations. Environmental assessments and initial planning are underway. Once complete, the line will intensify development in the Beaches and Toronto’s East End.

Brampton-Mississauga LRT: At a cost of just under $2 billion, the Peel region LRT will link Brampton and Mississauga with major GO Train and SmartTrack stations while reducing the region’s reliance on car traffic. The LRT should increase public use of public traffic and provide Peel residents with an alternative to cars. The line is being heavily touted by officials as crucial in furthering the densification of Mississauga and its evolution into a more concentrated, less suburban city.

Vaughan Subway: The Yonge-University Spadina subway extension to Vaughan will be complete by the end of 2017. The line will cost well over $3 billion but is already spurring huge condominium development and intensification along its route.

Scarborough Subway: The one stop Scarborough subway was debated over many years ferociously by supporters and opponents. Finally approved, the subway will replace the aging Scarborough RT elevated train. Although exceedingly expensive given its one stop, the subway is strongly supported by Scarborough residents and will link Scarborough town centre with the rest of the GTA’s underground subway network.

All in all, these projects, once completed, will have a massive and positive impact on property valuations, traffic congestion, and the connectivity, efficiency, and economic growth of our region.