Life is a Highway!
In response to overwhelming community demand (including pressure from Toronto Real Estate Board members), the first phase extension of Highway 407 East will now go to Harmony Road in Oshawa by 2015 then, continue plans to expand Highway 407 East all the way to Highway 35/115 by 2020.
Originally, the Provincial plans to extend Highway 407 East were expected to be implemented in one continuous phase all the way to Highway 35/115. Then, the provincial government had indicated that the extension would then be phased with the first phase ending at Simcoe Street in Oshawa. After an overwhelming amount of municipal opposition and a petition with over 5,000 names was delivered to Queen’s park on February 24, 2011, the Provincial government did some re-thinking.
The Toronto Real Estate Board views transportation projects such as this as being critical to the current and future growth of the Greater Toronto Area including Durham Regional areas such as Whitby, Brooklin, Oshawa, Clarington and beyond. Investing in this sort of infrastructure is important for the continued vibrancy of the area, including the Real Estate market. This will not only ease traffic flow to the many homes and businesses, it will create approximately 13,000 jobs in just the first phase of the Highway 407 expansion project. This will be huge positive impact on the quality of life for many living in the Durham Region and beyond.
More detail on the Hwy 407 construction is available at the city of Oshawa’s campaign web page http://www.oshawa.ca/cit_hall/407campaign.asp
Contact LJ for all of you Real Estate questions or needs or visit www.LJ4Homes.com