Many are bracing for a rapid change in Birdland's demographics once Apple Park opens, as longtime residents — many of whom are retired and middle class — cash in on skyrocketing housing prices and increased demand. (mercurynews.com)
The author explains that the rising costs stemming from tech entrepreneurship and skyrocketing housing prices continue to drive out working class or middle class professionals who are unable to afford multi-million dollar homes. (cacollaborative.org)
The provincial government has been facing increasing pressure to take action to address skyrocketing housing prices across the Lower Mainland, which encompasses Canada's most expensive real estate market. (moneysense.ca)