Quote:
Originally Posted by Cecil Terwilliger
My only hope is that sky high house prices, lack of inventory, focus on density and sustainability etc are key factors to millennials and future generations of home buyers. That way we can slowly see a shift to the death of the suburbs. But I'm not holding my breath.
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People will just move to single-family dwellings further away. Even in our densest cities there's a glut of condos, while people in Greater Toronto and Vancouver don't seem to mind driving 60+ minutes to work each way if it means they can have a detached house. And it's not just native Canadians who move to detached homes when they have a family, but immigrants from countries where people typically do live in multi-family structures. A big part of the appeal of this country to immigrants is it's a place where middle-class people can afford a detached home.
And Millennials are moving to the burbs to start families just like their parents did. They're just doing it at a few years later in life.