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Are home prices and social media the reasons we're having even fewer babies?

Now that we are expecting our first child, it appears to me like everyone around us is also having babies. This is almost certainly some kind of frequency bias at work, because I know that the fertility rate in Canada is officially ultra-low (the technical term) and falling globally. According to a recent Financial Times article by John Burn-Murdoch, two-thirds of the world's countries are now averaging a fertility rate below the replacement rate of 2.1. And in 66 countries, including Canada, the number is now closer to one than to two.

The obvious explanation for these falling rates is economic. Children are expensive and require a lot of work, which can make things difficult if you don't have a sufficient amount of money and/or time. This is why there's a strong inverse correlation between birth rates in the developed world and the developing world. Generally speaking, as a country develops, its birth rate drops.

One very specific reason for this appears to be the cost of housing. Indeed, studies have found causal links between rising housing costs and declining fertility rates. And this could be one of the reasons why there's often a spread between what women report as being their ideal number of children and the actual number they have. Perhaps they wanted more, but they didn't have that extra bedroom in the home.

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On top of all this, there's a growing realization that there's another powerful force at work here: social media. Young people are increasingly spending their free time on their phones, forgoing in-person social gatherings and therefore missing out on opportunities to find people who would like to have sex with them. A compelling dataset for this hypothesis is the fact that while the number of children per mother seems to have stabilized in many countries, the overarching problem is that fewer women are becoming mothers in the first place.

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Another dimension to social media is that it distorts our perception of the world. In the same FT article, demographer Lyman Stone is quoted as saying: "If you spend lots of time socialising with your peers in the real world, your standards [for a potential partner] are anchored in the real world. If you spend your time on Instagram, your standards are anchored to an artificial sense of what is normal.”

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The world is increasingly viewing social media as this generation's smoking. However, it's unreasonable to think that smartphones and social media will ever go away. If you're trying to market anything today, that's where the eyeballs are. But I do think all of this only strengthens the case for us to build more walkable, urban, and inclusive neighbourhoods; cities where it's possible to walk to a corner store and bump into a neighbour along the way. Not only is human interaction nice, but it has been shown to increase social trust within communities.

In my view, car-oriented communities and self-driving cars that people will sit in for hours only exacerbate the problems of loneliness and social isolation. Cities are ultimately markets. They are labour markets and, yes, they are dating markets. The best cities reduce the friction around people doing business, trading goods and services, having fun, and meeting people. And it sounds like we could use more of that, not less, right now.


Cover photo by camilo jimenez on Unsplash

Charts by John Burn-Murdoch via the Financial Times

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How to fall in love with Toronto

This weekend I went on a long bike ride across the city with my friend Ev (who, by the way, just recently got married. Congratulations again to you both!). This was not a ride to pump my feeble Strava stats, but a ride to see and explore our wonderful city. And once again I was reminded that one of the easiest ways to fall in love with Toronto is to get on a bike and ride across it. Biking offers the best of both worlds: it's both fast and efficient, and it's granular. You can easily slow-ride through smaller spaces or quickly get off and walk them.

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If I'm ever in the mood to elicit a shitstorm of negative reactions, all I have to do is go on Twitter and tweet something pithy about how much I love Toronto. I don't know why so many people seem to react like this, but I genuinely feel this way about our city. City-building is a slow process, but a spring ride after a cold winter will reveal to you all of the projects we've been working on quietly in the background: new streets, new mid-block connections, new public spaces, new businesses, and beautiful architecture.

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Of course, not all of it is exceptional. At one point, Ev and I came across two newly constructed courtyards in the middle of large developments that will remain unnamed. One was beautiful and held the promise of businesses and F&B lining its edges, while the other was empty and grim looking. We then turned to each other and said: "Isn't it amazing how different these not-so-different courtyards are?"

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But objectively, there's so much that we are getting right. New streets are now subdividing formerly large, unwalkable blocks. Existing neighbourhoods are growing, adding sustained urban vibrancy. New megaparks, like Biidaasige Park in the Port Lands, have already become fantastic, well-used spaces, setting the stage for new urban neighbourhoods to crop up all along their edges. And many of our new buildings are, quite frankly, gorgeous.

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Most importantly, though, people are using these spaces — a lot. They're filling sidewalks, hanging out on patios, and cycling on new bike lanes. It's easy to focus on the things that Toronto isn't or doesn't have, just like it's personally easy to focus on what you may not be or have. Bringing positivity doesn't mean ignoring the challenges that our city is facing, but being grateful for everything we are achieving is a great way to reframe our perspectives toward an abundance mindset.

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If you're looking for an easy way to do that, try getting on a bike on a beautiful sunny day.

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The Atlas of Greater Paris

Occasionally, writing a daily blog has its perks.

Last month I wrote a post called "The radical transformation of Greater Paris" and, in it, I mentioned that Apur (a French non-profit focused on urbanism that I follow) had just published a new book called Atlas de la Métropole du Grand Paris.

I also mentioned that I hadn't been able to find a shop that would ship to Toronto, but that if anyone happens to be in Paris, it's available in bookstores over there. Volume is apparently a great store for people who like the kind of things we talk about on this blog.

Following the post, I got an email from Ryan Taylor at Parcel Economics who more or less said, "Hey, I'm leaving for Paris soon. Want me to grab you a copy of the book? I've learned a lot from your blog over the years and thought I would offer."

Now I have the book:

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Ryan, thanks for transporting what is a fairly substantial book across the Atlantic. If any of you are in need of a land economist, reach out to Ryan and the folks at Parcel Economics. He's both a nice and smart guy.

Enjoy the long weekend, everyone.

Brandon Donnelly

Daily insights for city builders. Published since 2013 by Toronto-based real estate developer Brandon Donnelly.

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