Highway 413 Cancellation could affect Halton Real Estate

By: Case Feenstra Team

Highway 413 Cancellation could affect Halton Real Estate

Tags: GTA real Estate, Halton Region real estate, Highway 413

The environmental assessment of the GTA West Highway (highway 413) has been cancelled, effectively cancelling the highway project that would have paved a strip through Ontario’s greenbelt from Vaughn to Milton.
 
The cancellation of highway 413 shows how the province is recognizing the value of complete communities as opposed to highway led planning that results in sprawl. Denser urban planning will likely be a long-term outcome. With high real estate prices, more cost effective densification is good for affordability and increasing supply.
 
The other outcomes of the highway cancellation include the following:

 
A report conducted by the GTA West Corridor Advisory Panel has concluded that alternative solutions to Highway 413 such as truck lanes on the 407, congestion pricing, and more effective land management can contribute towards reduced travelling time.
 
It is too early to say for sure how real estate will be affected. But less sprawl will be good for creating future oriented communities in Halton Region and the western GTA.