Is it the end of the suburban boom?

Is it the end of the suburban boom?

So if you have been following the price of gas is getting out of hand quite quickly.  To be honest I don’t think that trend will change anytime soon.  With that said, here is what I think is going to happen. I believe that the cost of houses outside of major urban centres are going to take a hit, may be not a noise dive but a small trip south or at least a leveling off.  Houses with in urban centres like Toronto for instance will contine to rise, this will be because we are going to see a mass return to city living from all those folks that left years ago and now realize that the cost of gas is putting a major dent in thier wallets.