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Explain how gentrified neighborhoods or areas of new urbanism development can affect the larger metropolitan area’s housing economy.

explain one reason why gentrification occurs in the united states and canada.

compare gentrification and suburbanization in terms of the socioeconomic impacts on an area’s original residents.

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The term gentrification refers to the sudden urbanization of a settlement within a very short period of time.

What is gentification?

The term gentrification refers to the sudden urbanization of a settlement within a very short period of time. This impacts the standard of living of the original residents massive in the sense that costs of goods and services as well as price of basic utilities are suddenly skyrocketed forcing some of the original low income residents to leave the area.

This trend is common in the United States and Canada because of the rapidly growing population that is rapidly exceeding the availabe accomodation in big cities.

Learn more about gentrified neighborhoods : https://brainly.com/question/12052732

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