What is Gentrification?

WHAT IS GENTRIFICATION?

The changes experienced by a neighbourhood when many new, wealthier residents move in.

Not only do the area’s character and surrounding businesses begin to change, but rent and property values increase as well.

This often means that the original communities in the neighbourhood are disrupted. Lower-income residents can’t keep up with the rising costs, and are displaced in order to make room for wealthier newcomers.


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