Autumn 2009 Vol. 12, No. 4, Victoria Transport Policy Institute
This paper investigates consumer housing preferences and their implications for future urban development patterns. Market research indicates that households increasingly prefer smart growth features such as location accessibility (indicated by shorter commutes), land use mix (indicated by nearby shops and services), and transportation diversity (indicated by good walking conditions and public transit services), and many will choose small-lots and attached homes that offer these features over large-lot sprawl homes that do not. The current stock of large-lot housing should be adequate for decades, but the supply of small-lot and attached housing will need to approximately double by 2025 to meet consumer demands.
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