If you don’t have the time to read the article, here are my five takeaways:
A consultant was hired to conduct a 3-million dollar planning, design and engineering study for a 16-kilometre, east-west track throught the downtown and write a preliminary design report.
The preliminary design report will show what the system looks like from types of trains to station locations
City staff are planning for transit oriented development (TOD) – compact, higher density, mixed use development near transit stations
One example of TOD is the plans for “Eastgate village” which include a transit station, pedestrian oriented retail promenade, new high- and medium-density residential development and prominent green space
Sounds like a lot of investment is being planned to attract people to these TOD’s, I think owning properties in and around these areas would be ideal. However, I would wait till they actually break ground on the LRT or BRT. Or if you want to play offense, find yourself a cashflowing property in the area of these proposed stations.
Author: Erwin
Erwin has been investing in real estate since 2006 and is a highly decorated investor and realtor. His list of awards and accomplishments includes:
• FOUR time consecutive finalist for the Michael Millenaar Memorial Award and 2013 WINNER for his leadership and contribution to the Real Estate Investment Network community.
• TWO time finalist & 2015 WINNER for Realtor of the Year for Ontario by the Real Estate Investment Network
• TWO time finalist & 2016 WINNER for Real Estate Agent of the Year by Canadian Real Estate Wealth Magazine
• REIN™ Ambassador (Endorsed Realtor by REIN™)
• Silver award recipient by the Real Estate Investment Network
• 2013’s Top Player Award by the Real Estate Investment Network
• Regular contributor to REIN™ Real Estate Report and Canadian Real Estate Wealth Magazine
Erwin has owned and still owns numerous investment properties: single family, renovate and hold, multi-family, multi-family conversion, and student housing. He left his corporate job at “Big Blue†to pursue his passion as an entrepreneur in investment real estate. He’s been featured in the Hamilton Spectator and been a guest speaker at several investment networks and has coached numerous successful real estate investors by focusing on economic fundamentals and financials.
