Gentrified neighborhoods or new urbanism redevelopments impact larger metropolitan areas by attracting wealthier residents.
This concentration of wealth in specific areas can lead to a decrease in the number of affluent people living throughout the broader metropolitan area.
Gentrification can result in the displacement of lower-income individuals and exacerbate the issue of affordable housing.
New Urbanism and Population Density
Redevelopment strategies employing new urbanism principles involve altering population density.
Single-family homes are replaced with multi-unit dwellings and mixed-use buildings to foster more walkable and vibrant communities.
Migration Away from Metropolitan Areas
The high cost of living in metropolitan areas is a significant factor driving people to migrate away.
Economic Forces Driving Metropolitan Migration
Job opportunities are a primary economic force attracting individuals to move into metropolitan areas.
Suburbanization in the United States and Canada
Suburbanization arises from the separation of residential and employment locations due to high living costs in central urban areas.
Commuting becomes necessary as people reside in more affordable suburban areas surrounding the central city where they work.
Gentrification Drivers
Gentrification in the United States and Canada is fueled by the demand for housing in central urban areas.