When your traditional house with the white picket fence was introduced to people, it was advertised as a great location for you to avoid the noise and traffic from the city and a tranquil place for you and your family to live. It was shown as a great place to have your family and raise them because it provided a better and safer environment as opposed to the chaos of the city, and it did work. People started moving towards the suburbs and having a house there was considered to be a strong indicator of success and prestige. However, now that many decades have passed, a lot of young people today no longer see the appeal of owning a house in the suburbs, and have instead, voluntarily started living in the city.
They choose to stay in apartments, and if they happen to be interested in permanent property ownership, opt for condos instead since they happen to be located close to and around the city as well. In fact, condos have become so popular, you will see a number of new condos in Toronto being launched every year.
Living closer to and in the city has a lot of advantages, the most obvious one being that you do not have to spend over an hour every day commuting back and forth from work. So, you end up saving a lot of time, and a lot of fuel as well because you do not have to drive as much. In fact, you can easily just take public transport and reduce the need for having a car in general. Lastly, you end up saving yourself from a lot of emotional disturbance since the amount of stress that would accumulate from driving long distances will no longer be there.