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Why laneway housing in British Columbia can solve the affordability issue

Laneway housing is becoming popular in Canada especially in the Vancouver area. A laneway house is built in the backyard of an existing lot. Although it is most popular in Vancouver, laneway housing has been appearing in other dense cities in Canada. It is 550 square feet on average and one and half stories with one or two bedrooms.Typical laneway houses are built at the back of a traditional lot in place of a garage.

They have the same finishes, appliances, electrical http://www.buyhillcountryproperty.com/vancouver-homes/ connections and everything that goes into a normal house. Architects and builders have come up with innovative designs for making laneway houses affordable and comfortable.Due to the high density of population in British Columbia, housing affordability is important. Vancouver is one of the most expensive cities to live in, and finding an affordable home in a dense city like Vancouver can be a challenge. One possible option is laneway housing.

Since 2009, the city has issued more than 1000 laneway housing permits and hopes to provide more affordable housing.Laneway housing is now prevalent in British Columbia. Zoning regulations are helping to increase the number of dwellings. Renters or family members occupy these laneway houses. And more families are considering building laneway houses for their children.Compared to a condo or studio in the city, a laneway house is cheaper because there is no land cost involved. And new home owners can build a laneway house for half the price of a new condo in Vancouver.

Rental income also produces net positive cash flow to the home owner.Laneway housing can solve the affordability issue of housing in British Columbia because it is providing a modest income to senior and young families, it costs less to build, and it's a cheaper option than condos along transit routes. It is also a great way to increase density while keeping the neighborhood intact.