What 15-minute GO service might mean for your house price
15-minute GO train service between K-W and Union? Imagine what even hourly service would do to "energize" the region and boost real estate prices.
Quote:...this year’s Ontario budget will be such a huge energizer. Its 10-year transit plan includes gradually increasing GO service to every 15 minutes along core lines, making travel around the Golden Horseshoe easier, reducing congestion and improving movement between regions.
It will also make real estate outside the city more attractive. House-price increases may not be dramatic, or universal in the 905. But as frequency and choice of travel times increase, the GTA price/location trade-off changes...
[Jeff Mahanna, president of the Oakville and Milton Real Estate Board] sees a bigger boost the farther out you go, because increased frequency changes commuting times significantly.
Matti Siemiatycki, a University of Toronto professor specializing in urban planning and transit, says the impact of GO expansion on real estate will be felt everywhere along the system. He expects it will be gradual, and will hit some places far more than others. The overall impact of the investment, though, is hugely positive for everyone, he says. “If you make a place more accessible, people will want to live there.”
15-minute GO train service between K-W and Union? Imagine what even hourly service would do to "energize" the region and boost real estate prices.