The Toronto Suburban Railway Company ran the Toronto-Guelph electric rail line through Georgetown from 1917 until the Guelph line was closed in 1931. This line had transported both goods and passengers but business had declined substantially. The Georgetown Station on Main Street (at the current Canada Trust site) was a familiar landmark. The venture failed because of the Depression and the increasing popularity of the automobile, buses and trucks. Its proximity to the competing Grand Trunk Railway (Canadian National) line was also a factor.