Quote:
Originally Posted by Andrewjm3D
What makes Toronto a poorer city?
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Per capita income data don't lie.
Quote:
Originally Posted by reidjr
isaidso
Not everyone wants to live in condo some city's are more of house type city while other city's are more condo type markets.
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I understand that, but there will always be some that do. House prices is also a determining factor. When a house becomes more out of reach financially, people will start looking at alternatives. The more affordable alternative is a condo.
Besides that, when cities reach a certain size downtown condo living becomes more appealing. Not everyone wants to spend an hour commuting. I think both Calgary and Edmonton are on the cusp of seeing a spike in their downtown populations. That doesn't mean people will stop wanting a house in the suburbs, but it's part of the urbanization process (especially in Canada).