Thursday, September 25, 2014

North of the Border, Walkability is hot

TreeHugger recently discussed a study that showed how most Americans wished they didn't live where they had to drive so much. North of the border, a new survey by Environics for the Royal Bank and Pembina Institute (PDF Here) finds that people in the Greater Toronto Area (GTA) are voting with their feet, and are trading house size for "location efficiency", defined as:
  • Walkability: the ability to walk or cycle to stores, restaurants and other amenities
  • Mixed-use neighbourhoods: a mix of residential homes, businesses and amenities all within walking distance, rather than just one or the other
  • Convenient access to rapid transit and shorter commute times, along with realistic opportunities to travel to work and other key destinations without a car

Young buyers and seniors will pay more for location efficiency.

© Pembina Institute

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