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Transit Stalls Return to Office?

Weekly Research Update Transit Stalls Return to Office Hero
I’m a big fan of open data and one of my favourites is the Toronto Economic Dashboard. There’s a lot of positive news here: wages are up, the number of active businesses has grown, hotel occupancy has recovered.

But what jumped out at me were the transportation stats. While there’s been a huge recovery in airport volume and ridership of the GO train (suburban rail directly to Union Station), TTC ridership is lagging way behind. Why aren’t people riding the TTC? Pick a reason:

We can’t have a full return to office without the TTC – there just isn’t room for everyone to park. Do employers or landlords need to start subsidizing the commute? Is this a temporary bump in the return-to-office road, or will people stay away from transit permanently?

Weekly Research Update Transit Stalls Return to Office Graphic

Summary
In-city transit ridership is lagging far behind commuter rail and air travel, reflecting the challenge of downtown return-to-office.


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Adam Jacobs

Head of Research | Canada

Toronto Downtown

Colliers Canada's head of research, leading a cross-country team of 20 mapping, analytics and research professionals. Formerly head of Canada research at Cushman Wakefield and Director of Analytics at Oxford Properties. Featured in mainstream publications such as the Toronto Star, industry publications and podcasts. Specializing in the big picture and the fundamentals driving real estate - demographics, the macro environment and the global economy. 

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