Homeowners, it seems, at least in the Greater Toronto Area, are opting out of sprawl, or they would like to. So says the Royal Bank of Canada, the country’s largest residential mortgage lender, and the Pembina Institute, an environmental NGO, in a new report on the preferences of GTA homeowners.
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Rising oil prices will end urban sprawl … or not?
A popular assumption about rising oil prices is that people will have to drive a lot less and use public transit a lot more. This, in turn, will lead to greater housing density and fewer roads, i.e. less sprawl. And thus will be created the compact city—more efficient both financially
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