Bridge to replace the George Massey tunnel
It seems we will be getting a bridge to replace the George Massey tunnel. Welcome news I think but how will it impact Real Estate on both sides of the border(Fraser River)? On the surface(no pun intended) it may increase property values in Ladner and Tsawwassen because I believe commuting issues through the Tunnel as the main reason prices are lower in those communities than in Richmond. If however the bridge is a toll bridge then the toll may be enough to keep the price disparity in place. The Golden Ears bridge has seen lower traffic than anticipated due to the toll.
I believe that activity in Real Estate will pick in Ladner and Tsawwassen because of the new bridge just because speculation regarding the effect of the new crossing will get people moving.
I just hope the new bridge doesn’t mess with Deas Slough, farmland, the Deas Island parkland or Country Meadows veggie stand.