Laneway houses are popping up in Vancouver, the North Shore, and New Westminster at a record rate as the municipalities aim to increase affordable and sustainable housing options while retaining the single-family feel of their neighbourhoods.
The financial incentive to build a laneway home is attractive: the rental income far outweighs the investment cost.
In addition, laneway houses: Provides the ability to bring families together by offering additional space & privacy for seniors or adult children.
It also provides additional income to offset rising living cost; allow an option to downsize without having to relocate to a new and unfamiliar neighbourhood; make lanes greener and safer by providing living space and planting where regulations otherwise permitted garages and paving; substantially increase property values
Laneway homes also reduce our carbon footprint, but more importantly, they’re a way for families to live together—just not under the same roof.