Major Progress is Being Made on the New Ontario Line in Toronto
The upcoming Ontario Line will bring Toronto an amazing new transit system while closing down the city. Beginning on May 1, work on Queen Street will start, closing off a section of the corridor to make improvements to the Queen Station on the new Ontario Line.
With an estimated 17,000 people passing through during rush hour and connections to 150,000 jobs in the region, the new Queen Street Station, which is anticipated to be finished in 2024, is also expected to be the busiest on the line. Travelers will also be able to switch between the new Ontario Line, TTC bus routes, and the Line 1 Subway with ease. Due to numerous upcoming projects, including condos under construction, the completion of this station is essential to the expansion of the downtown area. Providing effective transportation will also aid in meeting the expected demand and moving more people to jobs more quickly than before.
Additionally, the expanding population that is anticipated to move close to these corridors in the upcoming years will be relieved by these new transit lines and connections. Investors can benefit from pre-construction condos now that are close to these transit lines so that by the time the condominium is ready for occupancy, their investment will have already increased in value significantly.
Once ended, the new Ontario Line will significantly improve the city and economy by easing congestion on the Yonge-University and Bloor-Danforth lines. Additionally, it will remove 28,000 cars from the road each day and put more than 227,500 people close to rapid transit. In addition, Ontario will spend $70.15 billion over the following ten years to transform the province’s public transportation system. Over the course of the next ten years, construction of the Ontario Line alone will support 4,700 jobs annually, shorten commute times, and connect more people to housing throughout the Greater Golden Horseshoe and beyond.
The Ontario Line, a 15.6-kilometer subway line with 15 new stations, will make it quicker and simpler to travel within Toronto and elsewhere. It will extend from Exhibition Place in downtown West to the Ontario Science Centre in East York. Compared to the current transit system, which requires 70 minutes to complete the route, riders can complete it in 30 minutes. High-density areas like Flemingdon Park, Thorncliffe Park, Liberty Village, and Fort York will be traversed by the line. The connections to more than 40 other travel options, including the TTC’s Line 1 and 2, three GO Transit rail lines, and the Eglinton Crosstown LRT, will also significantly relieve congestion throughout the current transit network. Additionally, the Ontario Line will be able to handle nearly 400,000 daily trips thanks to high-traffic stations like the Queen Station, which will also help to alleviate up to 15% of the crowding on the TTC’s crowded Line 1.
Real estate gains more value as a result of the Ontario Line and other planned transit infrastructure because there is a high demand for housing close to transit corridors. To develop yearly investments in new public transit projects, the federal government will collaborate with provincial, municipal, and transit and policy stakeholders. This includes brand-new light rail transit lines, subway extensions, and improved access to GO Trains and subway stations. For investors and those looking to live in the thriving neighborhood around the station, the upcoming Queen Station will present a plethora of new opportunities.
Vehicle access on Queen Street from Bay Street to Yonge Street and from Yonge Street to Victoria Street will be closed as of earlier this month in order to make significant advancements for the upcoming Queen Station. To help the new line’s construction move along more quickly, this closure will last for approximately four and a half years. By 2031, the Ontario Line, whose construction started in March of last year, is anticipated to be finished.
So that traffic can flow throughout construction, Metrolinx and the City have come up with a plan to keep the TTC operating around the infrastructure. In order to connect VIA York Street and Church Street, the TTC’s 501 will have a permanent detour route along Adelaide and Richmond streets. In this area of the downtown core, the TTC will also add more bus service, which will travel eastbound on King Street via Bay Street and Church Street and westbound on Richmond Street via Bay Street.
As opposed to a phased closure strategy, closing this portion of Queen Street to vehicular traffic will hasten project construction by about a year. Even though there may be more traffic, this will ultimately make it easier for more people to get around the city and won’t disturb the neighborhood as much. Due to the area’s significant increase in demand, it will also increase the value of the nearby real estate.