Zoocasa
Sold Prices
Mortgage Calculator
Map
Market Insights
  • Blog Home
  • For Buyers
  • For Sellers
  • Real Estate News
  • Mortgage News in Canada
  • Free Guides (PDF)
  • Real Estate Infographics
Zoocasa
  • Blog Home
  • For Buyers
  • For Sellers
  • Real Estate News
  • Mortgage News in Canada
  • Free Guides (PDF)
  • Real Estate Infographics
Home Toronto Real Estate

The Toronto Transit and Real Estate Puzzle | Thinking About the Downtown Relief Line

Zoocasa by Zoocasa
January 13, 2016
in Toronto Real Estate
Reading Time: 3 mins read
Share
Tweet
Share
0 Shares

I grew up in Brantford, Ontario, a city of over 90,000. As a teenager, I wanted to explore and be independent—what teenager doesn’t want that—and was limited considerably by a bus system that was stunted at best.

Fast-forward 15 years and I find myself in Toronto, a hub with ample transit and areas to investigate. I live in the west end, between the King and Queen streetcar lines, so I have (fairly) quick access to downtown and, therefore, the rest of the city.

However—and this is not news to anyone in the city—transit is a contentious issue. Although I’m on a streetcar line, it would be beautiful if I were on an underground line, like the subway lines that criss-cross the city centre. My morning commute can be pretty miserable if I don’t leave early and, with our municipal government consistently trying to “fix” their streetcar and bus strategy, things can become confusing. An underground line along Richmond, Queen, or any other east-west street would not only change the way I travel, but would change the face of the city.

A 2015 study by commercial real estate company Avison Young found that towers within 500 metres of a subway station sold for $475 per square foot more, on average, than those further away. While this shouldn’t surprise anyone, in a city so reliant on transit, does that mean we actually want more transit downtown?

If we think of my earlier-mentioned transit plight, then yeah, a downtown relief line would be fantastic. I’d get to work in half the time and would have fewer waits due to congestion. New developments would pop up all along the line, providing me with new eats and shops to visit, and new real estate opportunities for when I (finally) buy my first place.

But this development is part of the contention. If the line were down Queen, for example, some of the shorter buildings would have to be replaced by towering condos, more so than is happening already.

West Queen West is my favourite area of the city because of its local charm. The short, brick buildings are a testament that every neighbourhood doesn’t need to be condo-heavy, (even if there are condos spattered throughout and nearby). A subway line could devastate what Vogue called the second-coolest neighbourhood in the world, not to mention Queen East and Leslieville in the other direction.

And speaking of that devastation, subway lines aren’t built quickly. Transit officials have said up to 15 years, and Mayor John Tory said 17 during his campaign in 2014. Now picture the already congested Queen Street with closed lanes and total disarray for the next major chunk of your life. We’ve already seen that the Eglinton Crosstown—an ambitious project connecting the northern part of the city—has considerably disrupted traffic to drill its tunnels and build stations.

So, would the downtown relief line actually be worth it?

From my standpoint, the obvious answer is yes. Despite the above problems, building a city that is truly connected, rather than the hodgepodge we have now, is so important. If we’re inconvenienced for a while, we’ll find a way around it, as the people on Eglinton are doing now. It may be frustrating, but the long-term effects of these lines should be kept front-of-mind.

From a real estate perspective, there will be arguments and there will need to be a balance. New developments are fantastic and allow for new urban ideas and opportunities. The community this directly affects, whether it be West Queen West or another, will fight for the integrity of the neighbourhood while allowing projects to grow the city in the right direction. Although real estate prices would go up, so too would the amount of living space, changing prices in other areas.

When I think back on my time in Brantford, I’m grateful that I now live in a city with transit, and partnered real estate opportunities. And I’m hopeful that the city will make the right decision in pushing the city’s transit forward.

Unsplash: Tony Yeung

Previous Post

10 Canadian Real Estate Bloggers to Follow in 2016

Next Post

Knockout Listing of the Week: 92 Mason Boulevard

Zoocasa

Zoocasa

Zoocasa is an award-winning prop-tech company and wholly owned subsidiary of eXp Realty Inc. LLC. Zoocasa uses data and technology to deliver an intelligent, end-to-end real estate experience. Zoocasa’s insights and suite of digital tools, combined with the market expertise of its dedicated agents and team allows Zoocasa to set a new standard for full-service real estate. A 4-time winner of both the Financial Times' Fastest Growing Companies in the Americas and the Top Growing Companies in Canada by the Globe and Mail, Zoocasa continues to innovate on the home buying, selling and search experience online.

Related Posts

toronto moms and babies
Buying a Home

3 Toronto Neighbourhoods Where It’s Easy to Raise a Family 

May 13, 2025
Woman doing finances at home
Affordability

Canadian Homeownership on a $100K Salary is Harder Than it Seems in 2025

May 12, 2025
Toronto cab infront of skyline
Canada

April Home Sales Slide as Buyers Seize Rising Listings and Softer Prices: TRREB

May 6, 2025

Blog Search

No Result
View All Result

Newsletter Sign-up

Join a community of 130,000+ subscribers. Don't miss important real estate news, market data, and buying and selling tips.

Recent Articles

Two people sitting on a hammock together.

Discover Moncton: Top Things to Do in New Brunswick’s Vibrant City

May 18, 2025
Scenic view of Hoboken's pier

Hoboken Living: Why This NYC Neighbor Is Stealing the Spotlight in 2025

May 17, 2025

6 Ontario Cottages That Have Recently Seen Major Price Cuts

May 16, 2025
house in suburbs

It’s a Spring Freeze as Canadian Home Sales Stagnate in April: CREA

May 15, 2025

Featured Listings

Dream Homes with Breathtaking Views in the U.S.

February 11, 2025
A family looking at a house.

Deals of the Month: Ontario Homes with Recent Price Reductions

November 12, 2024

Slopeside Living: 9 Ontario Homes Near Ski Hills and Resorts

October 11, 2024
An athlete holding USA flag.

Homes of Champions: Luxurious Mansions Fit for America’s Olympians

August 5, 2024
first-time home buyer programs and rebates

Social Media

250 The Esplanade Suite 408 Toronto, ON M5A 4J5

Stay Connected

  • Blog Home
  • For Buyers
  • For Sellers
  • Real Estate News
  • Mortgage News in Canada
  • Free Guides (PDF)
  • Real Estate Infographics
No Result
View All Result

Zoocasa © 2007–2022. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.