The City Council of Vancouver recently gave developers the ability to create smaller units attached to condos for buyers to use as rental property.
"Vancouver architect Michael Geller, who pioneered the idea in the UniverCity development at Simon Fraser University, said people should think of them as 'basement suites' or 'mortgage helpers' in the sky.
Just as basement suites allow people to purchase a larger house, Geller explained, secondary condo suites could enable homebuyers to purchase a three-bedroom over a two-bedroom condo."
FULL STORY: Council OKs ‘mortgage helpers’ in the sky
Putting in Condos Without Kicking Out Renters in Vancouver
Transit oriented development doesn’t have to mean evictions and demolitions for existing renters, but often it does.
Report Finds Much Ado About Nothing for Vancouver Real Estate
Despite reports to the contrary, a recent report created in part by the City of Vancouver, finds that most housing types in the city have yet to be sold to absentee landlords.
Why Are There So Many Vacant Condos in Vancouver?
New analysis of census data has found that a quarter of the condos in some areas of downtown Vancouver are empty or occupied by non-residents, leading analysts to raise concerns about the role of investors in the city's housing market.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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