Saturday, December 7, 2013

Canadians want to live, work, and play near public transit

Building on my post yesterday about Ottawa's $72M investment in transit-oriented development, it's interesting to see that more and more Canadians are choosing proximity to transit--and especially rail-based transit--as a key factor in deciding where they'd like to live.

As documented in a Globe and Mail article, consultancy firm PwC (formerly PricewaterhouseCoopers) recently published a report entitled "Emerging Trends in Real Estate 2014." A partner at PwC told the Globe that more and more Canadians are seeing access to transit as a legitimate and foremost consideration when house-shopping:
"With challenging infrastructure in all major Canadian centres coupled with the urbanization trend, there will be a continued demand for retail, office and residential space in our urban centres where there is easy access to mass transit."
In fact, Ottawa's investment in transit and cycling infrastructure also falls in line with the lifestyle preferences of generation Y residents, according to the report:
"Gen Y takes transit, walks, and bikes. Of all the generations, generation Y is the most likely to use transit daily, or at least once per week."
Although Ottawa's decision to move towards rail-based high speed transit is overdue, the city's well-placed to take advantage of these demographics and lifestyle preferences. There's ample room for intensification within Ottawa's Greenbelt, including around the rail stations that will be found along the Confederation Line and, in the future, near the further-out stations along the Stage 2 phase of the light-rail system.

In an ideal world, these preferences will lead to a reinvigoration of those parts of downtown near the Central Business District, including Sparks Street Mall, which seem like dead zones outside of the business hours. Hopefully PWGSC and the NCC are able to recognize the opportunities presented by a more lively downtown and invest some resources to enable a transition towards multi-use development in the core.


Anonymous said...

And if NCC and Public Works are under orders to ignore such things at that point?

What, then?

750unique said...

air max 2015
longchamp pliage pas cher
ray ban sunglasses
longchamp outlet online
ralph lauren polo shirts
true religion jeans
soccer outlet
retro jordans
michael kors handbags
kate spade
michael kors purse
kate spade handbags
michael kors handbags
pandora charms sale clearance
michael kors outlet online
louis vuitton sito ufficiale
michael kors bags
air jordan uk
michael kors
cheap snabacks
football jerseys
rolex watches
coach outlet store online
cheap jordans free shipping
tory burch outlet
coach outlet
burberry scarf
prada shoes
cheap oakley sunglasses
burberry handbags
mcm bags
tory burch shoes
cheap oakleys
prada outlet store
ray ban outlet

Zhenhong Bao said...

cheap oakley sunglasses
adidas wings shoes
nike roshe
beats headphones
true religion sale
michael kors outlet
burberry outlet
oakley sunglasses
prada sunglasses
links of london
ray ban sunglasses
michael kors outlet online
coach handbags
coach outlet online
true religion outlet uk
louis vuitton handbags
air max 90
toms outlet
swarovski crystal
michael kors outlet online
ray-ban sunglasses
coach outlet
coach outlet
mulberry outlet
chrome hearts outlet online
michael kors handbags wholesale
coach outlet
soccer jerseys
rolex watches,rolex watches,swiss watches,watches for men,watches for women,omega watches,replica watches,rolex watches for sale,rolex replica,rolex watch,cartier watches,rolex submariner,fake rolex,rolex replica watches,replica rolex
ray ban sunglasses
mont blanc pens
cheap jordans
cartier watches for sale
michael kors factory outlet
mulberry outlet