DaveFlavanoid
New Member
Don't count your chickens before they're hatched.
While the hipster millennials who currently live downtown don't drive, once they realize they want to get married and have a family, they will look to the suburbs to find affordable housing.
The price of gas is not a huge concern as cars are getting more efficient every day and electric cars are already here.
Europe is not the best example as their population is not really growing at all, even declining in some areas. Immigration here plays a huge factor as they suburbs get more saturated. This means more cars will be on the road as the peak periods become stretched out over more hours.
Will they leave the downtown core though for the suburbs though? We honestly do not have a good answer for this. We assume that's what will happen because of historical trends, but research is showing that this might not necessarily be the case. With millennials delaying having children to later in life, combined with the soaring cost of actually owning a home, we may actually see a shift in the traditional idea of 'move to the suburbs have a family'.
Look into the work of Prof. Markus Moos at UofW, his work is focused primarily on millennial locational trends. http://generationedcity.uwaterloo.ca/