Quote:
Originally Posted by ssiguy
Trnslink is going to be in trouble, like every system in the country, due to the new immigrtion levels.
Students & TFW use the system much more then most & this will result in much lower ridership over the short/medium term.
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I stand by what I said.
The new StatsCan figure show Canada's population growth in the 4th quarter compared to last year has plunged. In BC we had 62,000 new residents in 2023 4th quarter and that is now collapsed to 21,000. This will continue to decline and by this time next year BC {and even more so Vancouver} will be in population decline just like every other province in the country save Alberta.
Of course the devil is in the details as it's not so much the number of people but the demographic makeup of them. TFW & students, who are the ones being turfed out, are MUCH more likely to be transit riders than the general population and this will hit Translink's bottom line hard just like the TTC & STM.
Translink's finances are already very precarious and this decline in ridership/revenue is going to significantly add to their woes. Unless Victoria comes out with mega-bucks to save Translink, which I doubt they will due to already dealing with record deficits and a slowing economy, we are looking at major cuts to service across the board.