Frank Clayton: He doesn't believe the suburbs are dead, according to The Toronto Star. He doesn't think millennials will be the last generation to covet the sprawling space of detached homes in favour of high-rise living, and he doesn't think all seniors want to move into condos. Order this photo By Tess Kalinowski Real Estate Reporter Tues., June 21, 2016 By his own admission, Ryerson University economist Frank Clayton can be a contrarian. Not everybody wants to be downtown, says the senior research fellow at the Ryerson Centre for Urban Research and Land Development. Some people are actually moving, but other people like the garden, the low density and their housing costs are very low out of pocket because their mortgage is paid off. After decades of analyzing the empty-nester/seniors housing market, he also come to the conclusion that: The willingness of people to move out of their existing home is a lot less than analysts often think.
(news.financializer.com). As
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