GGRA03H3 Lecture : You're welcome
Document Summary
key process is sorting of people into different part of the city. Wealth (being able to afford to live in certain neighbourhood) * occupation is less of a sorting process now because people are more mobile. wealthy people bid up prices of high amenity spaces. seen as a normal and natural aspect of property markets. better facilities are built around high amenity spaces. rich people will invest in their own community, becomes a self reinforcing process. toronto is experiencing the disappearance of the middle class. poor are getting poorer, and the wealthy has gotten a lot more wealthy www. notesolution. com. wealthy people have moved downtown, making downtown prices go up. the consistency of the trend is remarkable. wealth is clearly a powerful factor that is sorting out population into different spaces in toronto. the degree of consistent change in particular neighbourhoods is dramatic.