Transit-Oriented Development

Explore transit-oriented development in Canadian real estate — how walkable, transit-linked projects shape urban growth and boost property value.

Transit-Oriented Development

June 09, 2025


What is Transit-Oriented Development?

Transit-oriented development (TOD) is a planning strategy that concentrates residential, commercial, and recreational buildings near public transit hubs to encourage sustainable, walkable communities.

Why Transit-Oriented Development Matters in Real Estate

In Canadian real estate, TOD is a growing trend in urban planning that boosts accessibility, reduces car dependency, and increases land value.



Key elements of TOD include:
  • Mixed-use zoning near transit stations
  • Pedestrian-friendly design and density
  • Reduced parking requirements
  • Proximity to rail, bus, or LRT lines



Properties near transit hubs often see faster appreciation and strong rental demand. Municipal governments may offer incentives or upzone TOD areas.



Understanding TOD helps developers and buyers identify high-growth areas with long-term sustainability benefits.

Example of Transit-Oriented Development in Action

A condo developer secures land near a new light rail station, capitalizing on TOD policies that allow higher density and reduced parking mandates.

Key Takeaways

  • Focuses development near transit hubs
  • Encourages walkable, mixed-use areas
  • Increases land value and rental demand
  • Supported by city policies and incentives
  • Appeals to sustainability-focused buyers

Related Terms

  • Zoning
  • Urban Planning
  • Walkability
  • Land Value
  • Housing Supply

Additional Terms

Budgeting

Budgeting in real estate refers to the process of forecasting and managing income and expenses associated with owning, operating, or developing a property.. more

Tenant Improvements

Tenant improvements refer to custom modifications or build-outs made to a leased space to suit the tenant’s operational needs, often negotiated as. more

Highest and Best Use

Highest and best use refers to the reasonably probable use of a property that results in the highest value, provided it is legally permissible,. more

Gross Lease

A gross lease is a commercial lease where the tenant pays a fixed rent, and the landlord covers most or all operating expenses such as property. more

Brownfield

A brownfield is a property that was previously used for industrial or commercial purposes and is now vacant or underused, often requiring. more

Record of Site Condition (RSC)

A Record of Site Condition (RSC) is a formal document filed with a provincial environmental authority certifying that a property meets required. more

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