Transit and infrastructure are among the strongest long-term drivers of property values in the Greater Toronto Area. Homes within walking distance of rapid transit tend to attract more buyers and renters, while new highways can open up previously remote areas. Here are the major projects to watch and how they may affect real estate.
Rapid transit projects
| Project | Area | What it does |
|---|---|---|
| Ontario Line | Exhibition Place to the Ontario Science Centre area via downtown | New subway line to relieve Line 1 and serve new neighbourhoods |
| Eglinton Crosstown LRT (Line 5) | Midtown Toronto, Mount Dennis to Kennedy | East-west light rail across the city |
| Finch West LRT (Line 6) | North York and Etobicoke | Light rail along Finch Avenue West |
| Scarborough Subway Extension | Scarborough | Extends Line 2 to Sheppard and McCowan |
| Yonge North Subway Extension | Markham and Richmond Hill | Extends Line 1 north from Finch |
| Hazel McCallion Line | Mississauga and Brampton | LRT along Hurontario Street |
| GO Expansion | Across the GTA | More frequent, two-way, all-day service on key GO lines |
Timelines for large transit projects frequently change. Check Metrolinx and the City of Toronto for current schedules.
Highways
- Highway 413: a planned highway across York, Peel and Halton intended to relieve congestion in the western GTA.
- Bradford Bypass: a planned link between Highways 400 and 404 north of the GTA.
How infrastructure affects home prices
- Anticipation: prices near future stations often rise before opening as buyers anticipate better access.
- Construction disruption: years of construction can temporarily hurt nearby businesses and residents.
- Density: stations bring rezoning and new condos, adding supply and amenities.
- Commute time: shorter commutes widen the pool of buyers willing to live farther from downtown.
Areas to watch
- Neighbourhoods along the Ontario Line in Thorncliffe Park, Flemingdon Park, Leslieville and Riverside.
- Eglinton Avenue corridor communities such as Mount Dennis and Golden Mile.
- Richmond Hill Centre and Langstaff with the Yonge North extension.
- Scarborough Town Centre and Sheppard-McCowan.
- Mississauga’s Hurontario corridor.
Tips for buyers
- Distinguish between funded projects under construction and proposals.
- Walk the route: how far is the actual station entrance?
- Consider construction timelines and noise.
- Do not overpay for a benefit that may be years away.
Related: Toronto Housing Market Outlook 2026, York Region forecast and GTA market update.
General information only, not real estate or financial advice.