Demand for housing in Canada continues to rise in 2022, with small markets gaining popularity among prospective renters and homeowners alike.

Mega mixed-use projects are reshaping the suburbs and providing viable long-term solutions to accomodate the GTA's unprecedented growth spurt.

A recent survey from TD Canada Trust (TD) found that millennials are more likely to choose an urban lifestyle while older generations tend to gravitate to small towns or rural settings. Across the board, each age group believed that suburbs were the ideal neighbourhood in which to raise a family, although Gen Y individuals indicated an interest in staying in the city if family-sized condo options were available and attainable.

Experts say that suburban developments must start increasing density to pay for growth and meet residents' demands.