Toronto-York subway extension is now officially open

The opening marks the first expansion of Toronto’s subway route since the Sheppard line opened in 2002. To celebrate the TTC is free on Sunday.

Amidst cheers and flashing cameras, Charles Levi quietly scribbled into his small, green notebook, documenting theVMC4 first ride on the Line 1 extension Sunday morning that took passengers beyond Toronto’s border and all the way to Vaughan.“I came here for the opening just as I did when the last station opened 15 years ago. I stopped along every new station,” said Levi, who works at the Archives of Ontario, which is now just a subway ride from downtown. “It’s my day off and it has been a remarkable morning.” The new extension is the first expansion of Toronto’s subway system in 15 years. Transit was free across the entire TTC network Sunday to celebrate the occasion. The $1.2 million cost for the free service will be fully covered by the Ontario government. Construction work on the extension began in February 2010 and was jointly funded by the federal government, Ontario, Toronto and York region.
Along with dozens of other excited passengers, Mayor John Try rode the first train northbound that departed Sheppard West station (formerly Downsview Station) at 8 a.m. He then met Premier Kathleen Wynne at Pioneer Village station.VMC_3 “This is the day when people can actually see what can happen when governments work together,” said Tory Sunday morning. “This city is starved for transit to get people out of their cars, to get congestion reduced, to get the environment protected and to give people more time with their families. So the lesson of today is that we can do it.” The six new stations the extended 14-minute route include stops at Downsview Park station, Finch West station, York University station, Pioneer Village station, Highway 407 station, and Vaughan Metropolitan Centre station. Levi gathered a transfer at each of the six stations and placed them in a white envelop to take home as keepsakes. He wanted to ride the first train directly to Vaughan. At each new stop from Sheppard West, he waited for the train to close its doors and take off again. On his way back to Sheppard West, this time, he got off at each station to explore.
Many of the shiny, silver stations have artistic elements to them. Finch West station has colorful glass windows, the Vaughan Metropolitan Centre station features mirrored ceilings and skylights and the windows of the Highway 407 station are splashed with bright blue, pink and yellow paint. “All the stations are remarkable in their own way, the use of natural night is amazing and everything is really well organized,” said Levi. “I was stunned, I sat there looking and gaping — it’s remarkable how giddy you can become for a subway, it’s a crazy city, a subway opens and we are all tremendously giddy.”VMC_Pic2 Dozens of people cheered and clapped as the first subway arrived at Sheppard West station. Others were surprised by the commotion. Some students, on their way to York University, held pages of notes in their hands as they prepared for exams. The extension will make travel to the university faster for many students who previously waited, in all kinds of weather, for a bus to the campus. Along with the new stops and 8.6 kilometers of new track, 2,811 parking spaces are spread across several of the stations. Parking can be had at the Finch West station with 347 spaces, Pioneer Village station with 1,881 spaces and Highway 407 station with 583 spaces.
One of the youngest passengers on the morning train was 4-month old Aarthy Rajithan. “It’s her first TTC ride ever,” said her mother Janani Sivarajah, who lives in Vaughan. “We thought we would make it special and she would know, 20 years down the line, that she was the youngest passenger on the train.” Levi said he has been watching the construction of the stations since it began in 2010. “I went to York University as a student,” he said. “So I have been waiting 25 years for this. I didn’t actually believe it was going to happen but as it started to get built I got more and more confident, I began thinking about how much better this will all finally be.”
 
Source: TheStar.Com
 

Monthly Archives: December 2017

Toronto-York subway extension is now officially open

The opening marks the first expansion of Toronto’s subway route since the Sheppard line opened in 2002. To celebrate the TTC is free on Sunday.

Amidst cheers and flashing cameras, Charles Levi quietly scribbled into his small, green notebook, documenting theVMC4
first ride on the Line 1 extension Sunday morning that took passengers beyond Toronto’s border and all the way to Vaughan.
“I came here for the opening just as I did when the last station opened 15 years ago. I stopped along every new station,” said Levi, who works at the Archives of Ontario, which is now just a subway ride from downtown. “It’s my day off and it has been a remarkable morning.”

The new extension is the first expansion of Toronto’s subway system in 15 years. Transit was free across the entire TTC network Sunday to celebrate the occasion. The $1.2 million cost for the free service will be fully covered by the Ontario government. Construction work on the extension began in February 2010 and was jointly funded by the federal government, Ontario, Toronto and York region.

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CMHC Releases 2017 Third Quarter Financial Report

Canada Mortgage and Housing Corporation (CMHC) has released its 2017 third quarter financial report, as well as supplemental data on its Mortgage Loan Insurance, Securitization, and Covered Bonds business activities. New this quarter is the addition of Assisted Housing supplemental data.

“CMHC continues to deliver results for Canadians. The Government, through CMHC, is making unprecedented investments to help Canadians in housing need as part of the National Housing Strategy. Commercially, we continue to manage our mortgage loan insurance and securitization operations in the best interests of long-term financial stability.”

Wojo Zielonka, Chief Financial Officer and Senior Vice-President, Capital Markets

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10 Stats that show Canadian Rental Demand is out of control

Photo: James Bombales
TowerPicsRental vacancy rates across Canada plunged this year, as demand for rental units outpaced supply.

According to the Canada Mortgage and Housing Corporation’s (CMHC) 2017 Rental Market Survey, the national vacancy rate for purpose-built rental apartments fell from 3.7 to 3.0 per cent in 2017, the first decline in the last two years.

“Nationally, increased demand for purpose-built rental apartment units outpaced growth in supply,” CMHC senior market analyst Gustavo Durango said in a statement. “Demand can be attributed to historically high levels of positive net international migration, improving employment conditions for younger households and the on-going aging of the population.”

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