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Public Engagement in Experiential Futures

Millennials moving out into the suburbs

61% of peak millennial survey respondents across Canada would prefer to buy a detached home, only 36% believe that they will realistically be able to find a property within this market segment (2017 national survey). Consequently, many within this age range have adjusted their expectations and have become increasingly open to other property types, provided that they are move-in ready. Over half of those surveyed would look to the suburbs when purchasing a property, especially when it comes time to raise a family, as the supply of new developments and spacious residences are more abundant in these areas. In addition, 61% stated that they would be willing to move to another city or suburb where property is more affordable.

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