Financial Post: The key to affordable housing isn’t building more units – it’s better public transportation

The solution to these issues could be to improve transportation infrastructure, which has played a key role in creating affordable housing within a reasonable commute of large urban employment centres. For instance, the commuter rail and subway systems in New York and London have stretched the boundaries of those cities farther out so that low- and middle-income workers can work in more central areas while still being able to afford the housing their families need without spending excessive time commuting. The GO Transit system in Toronto and the Exo rail network in Montreal are examples of how public transportation infrastructure has improved accessibility and affordability for those who cannot afford market rents in the central city but still need to work there. Publicly owned land in high-demand central areas could be used to build housing in partnership with the private sector, but a better approach would be to use the land in these areas for the best use — commercial/office development — and invest in rail-based transit to expand the housing boundaries of the city and its suburbs. Read more...


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Mississauga Real Estate Board
3450 Ridgeway Dr #1
Mississauga, ON L5L 0A2, Canada
Phone: 905.608.6732
Fax: 905.608.9988