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For many readers of this blog know that I love writing about how more lively neighborhoods make real estate more valuable. Well a recent study by CMHC has statistical proof on why. The New urbanism movement is a subdivision planned around:
- Better access to daily destinations, such as public open space, institutional and commercial/retail destinations
- More pedestrian routes and connectivity
- More housing choice
- Less land per housing unit
- Less car use for weekday urban travel
- More walking and bike use for daily destinations
- Greater use of public transit
In the CMHC study, the conclusion is that people living in a new urbanism community are happier than living in a traditional subdivision.
The study reported that people are happier for the following reasons:
- Very happy with the physical design of streets, landscapes and facades of in their neighborhoods
- Very safe and pleasant for walking
- Very convenient to walk or bike to amenities
- More social interaction with neighbors
- More likely to use public and green space
So while Markham is well on its way in building downtown Markham....Brampton is plugging away with the old model in Castlemore and along along Countryside (remember when we thought Steeles was too far?)
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