07 Nov Toronto’s future transit links hold promise of substantial real estate investment.
Original article via Newswire. Click here to read.
The Greater Toronto Area (GTA) is projected to be Ontario’s fastest-growing region over the next 25 years with its population increasing by 42.3% to reach 9.6 million by 2041. Supporting these projections, the provincial Ministry of Infrastructure made the largest infrastructure investment in Ontario’s history: more than $160 billion over 12 years, starting in 2014. Of these funds, 51% will go toward improving roads and transit. Developers are also making significant investments in all types of residential and commercial real estate in locations connected with the expansion of public infrastructure that will be required to accommodate future population growth. Key commercial growth areas in the GTA will emerge at a number of transit-oriented development hubs where there is a confluence of residential and commercial demand, creating significant opportunities for development and investment.CLICK FOR THE FULL ARTICLE