is often a lot of confusion, and misinformation about the real estate market in
Vancouver. The media likes to create "news", so often real estate market
information is given a sensational "breaking news headline" - that perhaps
sometimes misconstrues the facts somewhat.
attempt with this market update is to give you the facts about what has been happening
in the Vancouver market focusing on the Vancouver West Side and Vancouver East
Side. Remember, if you need a Vancouver Realtor don't hesitate to call, as we
specialize in both Vancouver West Side and East Vancouver Real Estate.
more detailed statistics for Vancouver neighbourhoods visit our Market
Stats Page, where you can search each neighbourhood, for current information
laneway house is a smaller, detached home located where the garage would normally
go on a single-family lot (RS zones). Laneway houses contribute to the overall
sustainability of the city. They give people more opportunities to live close
to where they work, shop, and play, and they make the city's urban lanes more
green, livable, and safe. Laneway housing also contributes to the amount of affordable
rental housing available in the city. Laneway houses cannot be sold independently
of the main house on the lot, there is no separate title for a laneway house,
nor is it part of a strata lot (i.e. 1/2 duplexes, townhouse, or coach houses).
a property is not subdivided when a laneway house is built.
Housing Update - June 2013Full
Report - from City of Vancouver website:
report concludes the review of the laneway housing (LWH) program in single family
areas, as directed by Council, by providing an update on the LWH initiative and
recommending amendments to the LWH regulations and guidelines to address key issues
that have been identified though the monitoring of LWH development. The proposed
amendments address impacts on neighbouring properties, provision of parking, livability
of the units and length of the permitting process. They aim to improve the fit
of LWH into neighbourhoods by: encouraging the development of more one
storey LWH which have fewer impacts in terms of height and massing on neighbouring
sites, are less expensive to build, and would provide improved access for those
with mobility challenges; requiring one external permeable parking space
to support the provision of on-site parking; providing more floor area
for living and storage space; and streamlining the permitting process
by allowing an outright review process for one storey LWH. Additionally, this
report recommends expansion of the LWH program to the remaining RS zones to equalize
opportunity for LWH across all single family areas.
of the first 100 laneway houses were added onto sites while retaining the existing
main house; 61 were part of total site redevelopment (a new laneway house and
a new main house). Overall, for approximately every 8 new single family homes
developed, 1 has included a new laneway house.
the first 100 laneway houses: - 67% are 1 bedroom units; 28% are 2 bedroom
units; 5% are studio units. - 59% provide the minimum 1 onsite parking space;
41% provide 2 or more spaces. - Rental rates range between $1000 - $2100 for
1 2 bedroom laneway houses in varying locations, with varying quality of
finishes. These rates are consistent with CMHC rent levels for recent, purpose-built
rental housing projects.
28th, 2009 - City of Vancouver Council, approved unanimously, the plan to
allow laneway housing. This will affect almost 70,000 single-family properties
in Vancouver that are now potentially eligible to add a small house in their backyard.
This has been a much debated about possible solution Vancouver's extremely low
vacancy rate of .3%.
information about Green Real Estate and how you can make educated environmentally
friendly decisions about your home, check out my new Green
Living Sectionfor some great Green links. Find out about grants
for Green renovations.