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By Block4three (anonymous) | Posted March 01, 2013 at 12:13:46 in reply to Comment 86962
Yes, I understand this to be the case in some cities in the US. However, Canada is lagging as house prices in the burbs have not dropped as significantly as in the US following the economic melt down. House prices in Hamilton's suburbs are still generally higher than the inner city limiting lower income migration outwards.
As fuel prices continue to rise I suspect that there will be a greater number of people moving back to inner city areas, driving up price and pushing lower income families to oversupplied suburbs.
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