Gas Prices Fuel Urban Desire

Gas price increaseIt seems that a 30% increase in the price of gas may be causing people to think very seriously about commute times and gas consumption when buying a home—especially when we hear, again, about the 401 being closed.

A recent Coldwell Banker Associates Report, “Interest in Urban Homeownership Fueled by Higher Gas Prices,” (they actually studied it?), found that 78 percent of respondents said that the rising cost of gas was fueling their desire to live in the city instead of the suburbs.  More than 80% of them said that the commute was just killing their household budget.

Good news for and GO Transit.  Hop on the green train and you can get where you want to go with traffic headaches.