In what some call “retrofitting suburbia,” fading food and department stores are reinventing their huge urban properties by filling them up with residential, office and retail space.And with Sears Canada closing dozens of department stores, new opportunities in these “mixed-use” developments now abound.”Just about every shopping centre — if they’re smart — is looking at this,” said Brent Toderian, an international consultant on urbanism and city planning based in Vancouver.Brent Toderian”Just about every shopping centre — if they’re smart — is looking at this,” said Brent Toderian, an international consultant on urbanism and city planning based in Vancouver. (CBC)”The recognition is that you can bring more customers, you can get more value out of the land and, particularly when you’re around transit, you can provide a lot more transit ridership rather than car dependency.”Such revelations aren’t new in the United States but the idea has caught fire more recently in Canada.
For the first time in a decade, the number of Americans living in suburbs grew faster than that of urban dwellers in 2017, buoyed by young homeowners who are planting roots outside cities, according to the Brookings Institute, a think tank based in Washington, D.C.“
You’re seeing more millennials moving to the suburbs, especially as they have kids,” says Danielle Hale, chief economist at realtor.com®. “People are definitely looking for affordability, better schools, less crime. … More outer suburbs have really put in an effort to develop walkable town centers and other places for people to gather to enjoy similar benefits they’d find in urban centers.”
Realtor.com®’s research team analyzed the ZIP codes outside the nation’s largest cities to find the best suburb for each major metro for families. They factored in housing affordability (defined as less than $400,000 to buy a home for most metros); percentage of children residing in each ZIP code; availability of child care; school rankings; number per capita of restaurants, bars, and museums; crime rates; and reasonable commuting time (considered 70 minutes or less).
These hurricane-proof floating homes are packed with green features https://inhabitat.com/these-hurricane-proof-floating-homes-are-packed-with-green-features/
Today, the drug-running and dumping are contained, new residents are moving in, and the enclave is considered an example, both regionally and nationally, of how a community can organize itself and choose the future its residents want. Blocks of houses, some old, some renovated, some looking brand new radiate out from the renovated former fire station and boxing gym that’s the headquarters for the Ivanhoe Neighborhood Council, which drives the revitalization efforts. Next door is a small park with a playgrou
The annual list of the best planning, design, and development websites, representing some of the top online resources for news, information, and research on the built environment.
The reading marks a change from almost unbridled consumer optimism in a housing market that has carried the Canadian economy since the 2008 global financial crisis, even as policy makers warn price gains in some cities are unsustainable.
Bubbly cities like Singapore and Vancouver have started punishing foreign housing investors that have pushed up property prices to unaffordable – and unsustainable – rates. Foreign investors are now being taxed in many of these areas, and as a result, their real estate markets have begun to tank.During this housing burst, the most high-end, desirable locations will be hit the hardest.
Source: The Global Real Estate Bubble Is OFFICIALY Bursting | Seeking Alpha (sic)