Quote:
Originally Posted by 1overcosc
I guess I misspoke - what you're describing in this post is kind of what I meant - people "maxxing" their presence outside the city.
It could also vary depending on the metro. I could definitely see some of the smaller metros - where there are often plenty of rural areas in close driving distance - hallow out in the style of the American rust belt. Whereas what you're describing will become more common in the bigger metros.
I'm guilty of doing this now. I've bought a rural property and increasingly spend my time there. I don't know if it's urban decline getting to me or just changing lifestyle preference as I get older, but the country is appealing to me now.
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I just can't see it working the same way as the US. Two big reasons come to mind:
1) Transport infrastructure. Have you seen the traffic in the GTA lately? What's it going to be like 10, 20, 30 years from now just getting in/out of the city without major infrastructure improvements? You'll be spending hours getting in and out of the city. And Toronto isn't the only place either. Even smaller metros like Ottawa have terrible traffic. Unlike the GTA it's not 18 hrs per day. That's the difference.
2) Cost. In a country where even an urban condo costs more than half a million, having two homes it's always going to be a luxury reserved for a rather insignificant number of the really wealthy.
The only thing that can genuinely change the equation above is something like a GO RER+ and High Speed Rail making it possible to commute from places like London, Kitchener and Peterborough in a reasonable amount of time. But right now we're still working on RER 1.0 and we're building HFR (not HSR) which we don't know will survive the next election, but if it does will not deliver for at least a decade from now.
Ergo, this flight to the country for the upper class will be rare and reserved to those with money and the job flexibility to do it. I don't think there's even 10% of the population in that bucket.