Mississauga has been a hotbed of development over the last few years and the momentum looks set to continue. Mississauga is one of the most coveted housing markets in the GTA (Greater Toronto Area) and is finding favour with homebuyers on account of its good connectivity and multiple infrastructural developments of late. Mississauga should be turning a corner soon with regard to transforming into one of the biggest real estate and commercial hubs in the GTA post implementation of mega infrastructure projects including the Hurontario LRT which should start functioning from the year 2022.
Dundas Connects is another plan which aims at ensuring better transit across a 17 kilometre long corridor from east to west. A new east-west bus transit network has already been set up. More than 20, 000 people are expected to start shifting to the eastern lakeshore area of Mississauga where there will be several transit and other projects. Mississauga has already garnered substantial funding for projects on the waterfront. Real estate developers are already starting to plan projects near and along the LRT route and this will give a major boost to residential housing and commercial developments alike. $40-45 billion is expected to be invested in new construction in Mississauga over a period of 15 years as per reports. Some of the other projects in the pipeline include a waterfront reclamation venture covering 250 acres near the former Lakeview coal-fired power plant site. This will have both commercial and residential developments along with conservation land parcels and art and culture hubs.
125 acres will cover new developments which includes marina water lots at the Port Credit centre. This site will be converted for mixed-use development purposes. There will be a 200 acre of land in the city centre which is near the LRT corridor and this will be developed to offer a well-planned urban farm of 166 acres which includes suitably designed farm buildings and 33 acres of mid-rise residential projects, complete with boutiques, restaurants and cafes.
Of course, it goes without saying that the Hurontario LRT is the biggest infrastructural development of the lot and should be a game changer for the Mississauga real estate, office and commercial markets in the long run. Those living in Mississauga and also Brampton will enjoy totally transformed mobility advantages with the Hurontario LRT which will span 20 kilometres from north to south. There will be 22 stations on this route along with a dedicated right-of-way which means that there will be no traffic hurdles at all. The LRT will link residents to the Lakeshore West and Milton GO corridors in tandem with local transit avenues such as Brampton Transit, Miway, Mississauga Transitway at Square One and Zum. This integrated transit network will offer excellent connectivity for residents of Mississauga and South Brampton and will help build more residential and commercial communities along the route. The LRT will make use of light rail electrically powered vehicles that will have zero emissions. This planned light rail line is being executed by Metrolinx and is estimated to cost roughly $1.4 billion.
The Government of Ontario is playing a vital role in funding for the line along with other authorities and agencies. The entire stretch of 20 kilometres will be covered in approximately 40 kilometres. It will start from the Port Credit GO Station and cross the Queen Elizabeth Way while linking to the proposed transit line at Dundas Street and to the Cooksville GO station at the John Street Stop. It will then divide into two branches between Rathburn Road and Burnhamthorpe Road. Right from the Hurontario Street, the LRT will be going left at Burnhamthorpe Road and then right at the Duke of York Boulevard. It will then split at the City Centre Drive while meeting the mainline at an elevated platform. This will help access the Mississauga City Centre and help transfers to the City Centre Transit Terminal, Square One Shopping Centre and BRT.
The LRT corridor will also go along the Hurontario Street, helping access the City Centre’s eastern part while avoiding Downtown Mississauga. The LRT will be elevated and will travel over the Highway 403 through a new bridge prior to joining Hurontario again. It will link to the proposed Highway 407 GO Transitway and will conclude at Steeles Avenue where it will go into the underground station linking with the 511 Zum Steels BRT corridor at the Brampton Gateway Terminal.
The LRT will be running every 5 minutes in peak hours and every 10 minutes throughout the rest of the week. The planned service hours could be between 5 AM and 1.30 AM from Monday-Saturday and 7 AM to 12 AM on holidays and Sundays. There will be multiple-unit and efficient trains that can accommodate up to 600 people at a time. There will be 90 metre long platforms at stations. What this development will do for Mississauga is uplift its entire commercial and residential real estate sectors.
The latter will benefit from new developments along the route or near stations and several projects may be announced in the 2019-2022 period itself. Additionally, the project will spur widespread commercial development and opportunities for employment all throughout. There will be big-ticket commercial structures coming up near and along this route and the LRT may also help in doing away with downtown parking. As a result, the population in downtown Mississauga may actually double over the next 15-20 years as per experts. There will be mixed-use developments along the Hurontario LRT corridor which will include residential projects, commercial towers, business zones, retail hubs and spaces for fostering arts and culture. This will certainly play a big role in transforming the city and bringing about more growth and development. With the Hurontario LRT on track and several other mega infrastructure projects in the pipeline, Mississauga is set to be the next big growth hub of the GTA (Greater Toronto Area) as forecasted by industry experts and several reports.