[Hondaracer]

In 20 years (I'd hope) people aren't going to be talking about a detached residence with a big yard and picket fence as the only option for a "home" anymore

I completely agree that it's a shift to the less suburbanized living and have been on that point for quite some time. It's even more true to a region like Vancouver where there is literally no where else to build but up.

Besides the fact of "owning dirt" I'd say there is a large chunk of the population that would rather be in a multifamily situation a quick transit or car ride to the city as opposed to being essentially isolated living east of 200th street but having the dirt under their feet. That's fairly apparent in the buying trends over the last 5-6 years or so.