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Where we build: The future of Ridership, Transit & Development

By Michelle Hopkins May 3, 2022

It’s no secret that transit-oriented developments have huge benefits, such as easier travel between work and home, reduced GHG emissions, and healthier communities that make walking or cycling real options. It’s also no surprise that younger buyers want to be where transit is. They want to hop on a line and get anywhere.

On April 20th, The Urban Development Institute (UDI) hosted a virtual and in-person UDI luncheon, with guest speaker TransLink CEO Kevin Quinn. In his first-ever in-person address, Quinn spoke to a crowded room about how TransLink is preparing for the years ahead — and about what’s next for the future of transit and how this will affect the real estate industry. 

UDI Luncheon

 

“We can’t ignore that transit plays a vital role in keeping the region moving and that there is an opportunity to do something different, to innovate and work with the construction industry, while addressing shared goals,” says Quinn. 

Quinn spoke about its Regional Transportation Strategy dubbed The Future of Ridership, Transit and Transport 2050. The key message that came from his hour-long address was that Greater Vancouver must take immediate action through faster and more sustainable solutions. Quinn announced that the Bus Rapid Transit (BRT), should be considered the best viable alternative.

UDI Luncheon

 

The reason? In short, it comes down to cost and it’s faster than rail. “Pioneered in Bogota, Colombia, BRT has shaped cities around the world… we have the infrastructure in place to start today,” explains Quinn. “Done right, it has the ability to spur economic development and densify real estate investment.”
 
This zero-emissions bus-based rapid transit could be installed along high-demand corridors, such as Brentwood, throughout Metro Vancouver at a fraction of the cost and time compared to rail-based technology (most notably SkyTrain).

UDI Luncheon

 

To do this, Quinn understands there are challenges and he needs to have municipalities on board.
“It is critical that we get BRT as quickly as possible … we can’t wait another 40 years for more SkyTrain stations,” Quinn says. 

Highlights of TransLink’s 10-year priorities as outlined in its report The Future of Ridership, Transit and Transport 2050:

  • Convenient, reliable, safe and comfortable transit: goals to support local transit and bus priority to improve travel times, include increasing SeaBus and HandyDART Services and creating safer and more comfortable customer facilities
  • Reliable and Fast Transit Network: Prioritize and study rapid transit projects, by creating new express corridors and improving interregional connections
  • Multimodal Mobility and Strategic Priorities through creating safer roads and people-first streets; investing in active transportation (ie: more bike lanes), innovating in the areas of automation, connectivity, electrification and sharing; advancing reconciliation and resilience. 

Other investments priorities in the Transport 2050 Strategy’s 10-year vision:

  • Doubling regional bus service levels
  • Up to 170 kilometres of new rapid transit on up to 11 corridors, including Up to nine BRT routes using new zero-emission buses on dedicated, traffic-separated lanes
  • A rapid transit connection to the North Shore
  • The Burnaby Mountain Gondola to SFU
  • The Millennium Line SkyTrain extension from Arbutus to UBC
  • Exploring other potential SkyTrain extensions, including Newton in Surrey and Port Coquitlam
  • Building 450 kilometres of new traffic-separated cycling paths

 

UDI Luncheon

 

Michelle Hopkins
Michelle Hopkins is a Vancouver-based freelance writer with extensive magazine, newspaper and online writing experience in home décor, new home developments, culinary adventures, wine, travel and more. Michelle writes for many notable publications including Real Estate Weekly and other Glacier Media Group publications, Western Living Magazine, Vancouver Magazine, Home Décor & Renovations, to name just a few. Michelle is passionate about anything to do with real estate.
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