It looks like developers are investing – big time – along the Central Transit Corridor.
Over half of new development is occurring within the built boundary of the Region, with over half of that happening in the CTC.
Between 2011 and 2013, almost a quarter of all development in Waterloo Region was within 800 metres of a future ION stop.
Rob Horne is the Commissioner of Planning, Housing and Community Services for the Region.
He say a new report shows a sustained trend in development along the CTC.
“It hasn’t been one isolated year that the trend continues. A number of developers are in detailed discussion in terms of purchasing property and doing even more development.”
Over the two year time span private development in the area amounted to 1 billion dollars.
Source Reference:
Zimak, H.(2014, September 30). LRT route inspires development in Waterloo Region. Retrieved October 1, 2014 from http://www.570news.com/2014/09/30/lrt-route-inspires-development-in-waterloo-region/
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