Vancouver Laneway Houses Update: October 2013
Vancouver Laneway House not as affordable
Since the launch of laneway housing program by Vancouver City in 2009, the City has issued more than 1,000 permits for laneway houses. These dwellings at the back of the main house have sizes ranging from 500 to 1,200 sq ft. Such laneway houses in Vancouver are hardly affordable as they command $1,200 to $2,500 to rent such a home depending on the size of the unit.
Laneway houses in Vancouver helps to provide more dwellings to meet Vancouver’s renters needs for housing. For a home owner, the rental return from a laneway house far exceed the cost of building such housing unit. Financially speaking, the cost-benefit of a laneway house provides a very safe and attractive return on investment for the owner.
The main attraction offers by laneway housing is the ability to live a Vancouver single family neighborhood, and in most cases close to where people want to live. Laneway houses are popular with students, aging family members who want to age in place or young people who prefer the life style of laneway housing.
Recently, the Globe News featured “Laneway houses are popping up in Vancouver” on Sept 29, 2013 highlighting the pros and cons of laneway housing in Vancouver.
Some of the concerns by residents are:
- increased density could cause parking problem around a neighborhood
- losing Privacy with laneway house overlooking the neighbor’s back yard
- laneway housing boost up property prices instead of lowering cost of housing
There are other Vancouver residents who are in favour of laneway houses. The benefits of laneway housing in Vancouver are many. There are strong support from people who find laneway houses fulfilling their needs for such type of dwellings.
If you are looking for help more info on building a laneway house in Vancouver, a “turnkey solution” is available through James Wong at Multiple Realty Ltd @ 604-721-4817, or email James.