That was going to be my question.<p>I mean, look at the Bay Area. They command some of the highest rents in the country, and many tech-sector workers are able to &quot;get by&quot; because of higher salaries from their employers. Of course, if you&#x27;re not in the tech sector, you&#x27;re forced to live in more affordable outskirts, like East Bay.<p>In NYC, they have fantastic transit, so if you don&#x27;t live in Manhattan, you can still get to work relatively easily. That infrastructure investment has helped NYC maintain its desirability.<p>Meanwhile, Toronto has a similar problem to Vancouver, except we&#x27;re building tons of condos. As long as you adjust your outlook to realize that you may only be able to afford a condominium (to buy or rent), you can make it work. Otherwise, you can move to the suburbs, but our transit is garbage, so good luck with that.<p>Of course, I&#x27;ve simplified my points and glossed over the nuances. But I think the solution is really:
1) Higher density housing (i.e. high-rise residential)
2) Much better transit
3) Options for affordable rent-subsidized housing in these developments<p>If you do those things, I think you&#x27;ll make it easier for millenials to choose to stay, and still encourage a diverse community that&#x27;s not made up of just high-income tech or finance workers. Places like Hong Kong, Tokyo, NYC, Singapore, and many more seem to be thriving cities, and I think those are the factors they have in common.