Vancouver has seen two consecutive record years for new laneway housing permits, with 348 permits issued in 2013 following 350 issued in 2012. Just 18 were issued in 2009, followed by 192 in 2010 and 229 in 2011.
Laneway housing is required to be rental and seems to be picking up momentum.
That being said, they aren’t cheap, but they do provide an easy way for young people to get their own detached dwelling within city limits.
The cost to build a laneway house is around $250,000 to $280,000.
Laneway homes aren’t meant to be a solution to those living below the line of poverty. They’re meant to increase the housing supply for young people in the city, the ones just starting out in their respective careers: a crucial demographic, necessary for the vitality of any well-rounded city.
The City of Vancouver has not forgotten about those living below the line of poverty as many non-market rental properties have been built since they were first implemented just a few years ago. Many more are in the works.