Suburbs Attract Emerging Creative Class

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Author: David McFarlane

The writer is associated with Canadian Apartment Properties Real Estate Investment Trust (CAPREIT), which is Canada's largest owner of multi-family rental communities; CAPREIT provides safe, secure, and comfortable accommodations in regions like Queens Avenue, Victoria BC Apartments for Rent,Aparment Rentals in Halifax and Apartments for Rent Toronto etc .

Having witnessed the emotional, physical and often financial burdens their parents, the so-called Baby Boomers, carried from spending long hours at high-pressure jobs, more and more youth are content to live on less and outside of expensive urban centers.

Young professionals, particularly those whose careers have had their beginnings in creative industries, are moving in higher volumes to suburban areas. These upcoming generations, whose parents worked tirelessly to provide resources to and opportunities for their children, are often choosing careers in creative industries in spite of the salaries attached to them. In order for an improved quality of life, they accept that their lower salaries will prevent them from being able to afford housing prices and rental rates in major cities.

As a consequence of these tendencies, when today’s young professionals settle in less central communities, they are more likely to invest their creativity, time and disposable income in their immediate environments. Such a shift in behaviour is helping to awaken economies that suffered when previous generations with money to spend flocked to the city.

Whereas twenty years ago, young professionals would have chosen to live in cities such as Toronto or Montreal, people in comparable demographics and at similar career stages are taking up in communities such as Hamilton or opting for Apartments for Rent in Saint Leonard.

Young professionals, relishing the latitude that working in creative industries such as media, web design, fine arts or architecture afford them, are emboldened to turn their backs on the economic realities that defined their youth.

Just as someone who in previous generations would have been drawn to Montreal might now take one of the available Apartments for Rent in Saint Leonard, more and more young professionals are consciously avoiding making significant investments in expensive items. For instance, studies show that many young professionals in today’s economy are neither purchasing cars nor opting to finance vehicles through loans. Already burdened by stressful debt loads from expensive secondary school tuition fees, many cannot afford more debt even though borrowing money is cheaper than ever.

To travel or to have access to expensive items in general, today’s young professionals are happy to rent. And they do so with ease. After all, an expensive bag or gown can be rented as easily as a car.

The author of this article is affiliated with CAPREIT, an investment property firm committed to providing safe, secure and comfortable accommodation throughout Canada. Helps in Finding Apartments for Rent in Saint Leonard also options are available to those interested in The Best Apartments in Saint Leonard. For more information visit:- caprent.com

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