Suburbs on the upsurge? Those with good transit will win, others to whither
PwC Canada in a report out Wednesday suggests the urbanization trend across the country remains strong but dismisses the idea that the suburbs are in decline.
“Last year’s report was all about the condo craze and the urbanization trend and the big push and movement into the core,” said Frank Magliocco, leader, Canadian Real Estate, PwC Canada, during a conference call. “What we are seeing, and the dynamic we are seeing, that as the cost even in the core gets higher and higher, people are looking for alternatives. Right now, the alternatives in the suburbs are tough because of commute times but as infrastructure gets put in place…you’ll find individuals might look at that alternative.”
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