GTA developers need to be near transit links says study

Developers in the Greater Toronto Area are being driven to build in areas near rapid transit as an increasing number of consumers opt to ditch the car for their commute.

Colliers International Canada says that it’s not just residential properties with good transit links that are gaining ground, the commercial sector is also thriving.

John Arnoldi of Colliers in Toronto says that the message to developers is clear. "The GTA office markets with more than 60% of their total office space within 400 metres or walking distance of rapid transit have a higher average rental rate and lower average vacancy rates than the rest of the GTA," he said.

"Employees have spoken: they want to work within walking distance of where they can take transit to – they no longer wish to drive.” 

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release


Do you invest in commercial properties?