How does transit benefit from new development?
Each new unit of housing, whether a new condominium unit or a new home, generates thousands of dollars for transit in the region.
When real estate developers and home builders build, they pay fees known as development charges to the local municipalities and regions. It is then up to the local governments to manage them. Those development charges go towards new infrastructure, such as sewers and roads, municipal transit, GO Transit and other services, such as fire and police services. They do vary by the municipality and housing type but can range from approximately $20,000 for a high-rise apartment in the Town of Bradford-West Gwillimbury to $80,000 for a new single-family home in Markham. If you want to read more on fees and charges, you can download our report.
Beyond the development of new transit infrastructure, new housing is carefully planned to support our existing and future transit systems by providing increased ridership. The benefit of the investment in transit, particularly rapid transit can only be fully realized when there is the potential for enough riders to support the costs of providing the service.