Market Analysis

Project Description

The City of Ottawa retained NBLC to explore the potential for Transit Oriented Development (TOD) along three corridors planned for O-Train LRT service as part of the City’s Stage 2 transit expansion. In addition to the delivery of 30 kilometres of new light rail transit infrastructure and 19 new stations, the City was considering the inclusion of TOD objectives – namely, opportunities for real estate development – as part of the capital project’s overall scope. Including real estate development in the process could leverage opportunities to encourage increased transit ridership and influence a more sustainable, long-term development pattern. NBLC assessed recent TOD experiences across North America, conducted an analysis of overarching market trends and factors influencing the high density development patterns and identified target areas to focus the TOD initiative.  In addition, NBLC developed framework for implementing TOD as part of the capital project’s procurement process.