Analyzing the Impacts of Transit Investments, Examining Change in Two Toronto Transit Neighbourhoods

Abstract

Major investments in public transit infrastructure have the potential to significantly impact development in the areas surrounding transit stations. In theory, these impacts include higher land values for properties located in close proximity to transit stations as a reflection of the high value placed on access to public transit by both people and firms. The empirical evidence, in this regard, tends to be inconclusive. This report addresses the following research question: How does the opening of a new transit node affect development in its neighbourhood?