Councillor Chad Collins is leading a drive to have the industrial lands adjacent to the Confederation GO Station redesignated as mixed-use for residential and commercial development.
Currently, the lands that surround the station are listed as light industrial. Collins put forward his motion as part of the employment land review study underway by City of Hamilton planning staff. Stoney Creek is part of Hamilton.
“If you look to Burlington and their GO stations,” said Collins, “I think they have done a tremendous job in terms of developing residential and commercial uses.”
He added that he believes housing and commercial development near the GO station is the “ideal” way to grow the area.
The price of homes in the hot Hamilton market is expected to keep on its upward trajectory in 2020.
According to a new ReMax Canadian housing market outlook for 2020, housing prices in the Hamilton-Burlington area could rise 3.8 per cent next year.
The ReMax report points out that increased GO Train service and higher levels of affordability in the Hamilton region compared to the GTA and Toronto are the key factors that will impact the city’s housing market in 2020.
And recent stats from the Canadian Real Estate Association (CREA) found that Niagara (with Hamilton not far behind) has experienced the biggest percentage price jump of any local market in Canada.
In some cases, the report discovered, house prices went up as much as nine per cent prior to construction of a GO station.
CHMC senior analyst Anthony Passarelli said that areas around West Harbour GO station in Hamilton and future stations such as St. Catharines, Niagara Falls and Confederation in Stoney Creek saw house price increases in and around expansion announcements going back as far as 2013.
Last week Metrolinx approved a plan to bring two-way, all-day GO trains to Kitchener by 2025, making commuting to the GTA a lot easier and likely spurring further housing and commercial development in Waterloo Region.
The Confederation area, reports HamiltonNews.com, is part of the Centennial Neighbourhoods Secondary Plan, which oversees a stretch of properties from the Queen Elizabeth Way to King Street to the south and the Red Hill Parkway to Lake Avenue to the west. Collins has pointed out that anywhere that a GO station is located, development has followed.
Collins is hoping that putting his motion into the employment land review will speed the redesignation.
Metrolinx is proposing hourly train service for Confederation station as part of a planned GO expansion into Niagara. The idea includes two-way, hourly service from east Hamilton to Toronto.
Similar to what’s happening in Mississauga with applications already in place for proposed development along the recently approved Hurontario LRT line, Collins said there have already been applications for commercial and residential developments along Centennial Parkway. He said they include “hundreds” of residential units with ground-floor commercial units.
In August, Metrolinx said it was downsizing plans for the original $150-million Confederation station and would focus on adding service to West Harbour.
Now, the Confederation station will cost approximately $35 million. Another $115 million is earmarked to improve the existing rail service.
According to Meterolinx, the revised plan for the Confederation station includes an island platform with canopies and an accessible platform and a pedestrian tunnel. It also includes direct stair access from the platform to Centennial Parkway and additional parking.