Vancouver remains till this day as one of the most congested areas in Canada. Metro Vancouver’s populace at present continues to grow with an annual increase of 50,000 people. This growth is expected to continue until the mid-2040’s, with the region expecting to reach a total of 4-million residents according to CBC. Due to the high-density population and frequent in-between commutes, the city of Vancouver has been ranked with the 4th most congested traffic in North America. Substantial expansions in infrastructures and connectivity are imperative to eectively accommodate these challenging projections.

In December 2023, the Government of British Columbia introduced a series of reforms, which includes creating designated TOD Areas to combat the high traffic congestions. As much as 52-Transit Oriented Area (TOA) maps have been determined in British Columbia, with 29 within the Vancouver boundaries alone. According to Journal of Commerce, the transportation ministry has made property acquisitions nearby transit sites in Port Moody in late 2023 and another in early 2024.

This year in July, Justin Trudeau the Canadian Prime Minister announced the Canada Public Transit fund, a CAD $30 billion investment to expand the public transit in the next 10-years. According to Canada.ca, the Canadian government, finalized the new Canada Community-Building Fund agreement. Local governments will be receiving CAD $1.6 billion in the next 5 years, of which CAD $825 million will fund the public transit provider TransLink. In April 2024, TransLink introduced the Bus Priority Vision plan with the goal to enhance transit efficiency and reliability.

Join us at the Transit-Oriented Development Summit hosted by Trueventus, where you can seize an exclusive gateway to top-notch case studies and projects presented by industry experts. Gain firsthand knowledge on efficient urban planning with a pivotal focus on capitalizing the revenue stream for TOD developers and investors. Connect and network with numerous leads within the TOD industry, ensuring you stay at the forefront of the evolving landscape of Transit-Oriented Development.