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Royal LePage Triland Realty, Brokerage
#103 - 240 Waterloo Street, London, ON N6B 2N4
519.670.8778
jordan@jordanwilsonhomes.com
Royal LePage Triland Realty, Brokerage
#103 - 240 Waterloo Street
London, ON N6B 2N4
JordanWilson
Copyright 2013. Jordan Wilson Homes. All rights reserved
Through StatsCan information, projections from the City of London and other helpful articles and websites I was able to put together some information that gives us an idea of how London, Ontario could change by 2035.
Looking For a Home in London or Surrounding Areas?
ThE FUTURE OF LONDON
Information above is based off City of London's "The London Plan" https://london.ca/sites/default/files/2020-11/The-London-Plan-Policies-Effect-Nov18-2019_0.pdf
https://london.ctvnews.ca/london-second-fastest-growing-metropolitan-area-in-canada-statscan-1.4810051 & https://www.ledc.com/why-london
London's Transportation Forecast
In 2011, London's ridership was 22.8 million. It is anticipated that by 2024 we will see an increase of almost 50% bringing the ridership to approximately 33 million. The City of London also estimates that 115,000 people will live within a 10 minute walk to the Rapid Transit Lines that London has proposed to develop. Additionally, 84,000 people will work within 10 minutes of these Rapid Transit Lines.
London's Population Forecast
By 2035, London's population is projected to grow by over 77,000 people. According to StatsCan, in 2016 London's population was 383,822. It is estimated that 1 in 3 Londoners will be 55 or older by 2035. London is the second fastest growing metropolitan area in Canada and it was noted in an article by CTV News that London's population growth was 2.3% for 2018/2019. Currently, London is the 11th largest city in Canada.
London's Job Outlook
It is projected that by 2035 London will grow by 43,000 jobs. In 2015, London had 198,000 jobs and we are expecting to see this number increase to 241,000.
London's Greenhouse Gas Emissions
Over the years London has been working towards lower Greenhouse Gas Emissions. In 1990 London produced 3,250,000 tonnes per year and we saw this number decrease in 2014 to 3,040,000. By 2035, the City of London has estimated another decrease to approximately 1,710,000 tonnes per year.
what will london Look Like in 2035?
London's Future Real Estate Growth Forecast
It is projected based on 2010 MPAC data that London will see a steady increase by 2035 in housing, industrial, commercial, retail and institutional growth.