Vancouver City Climbs out of the Basement
Posted June 17th, 2009 in Real Estate, Real Estate Stuff | 
At Last
Finally it would seem that Vancouver’s city hall has come to its senses. At least in regard to proposed bylaws concerning making basements more livable.
Chickens – well that’s another story!
What has been recommended for approval by the Director of Planning in consultation with the Director of Development Services.
Courtesy City of Vancouver
Main Features:
- Additional floor area in the basement
- Less floor area above grade
- A smaller house footprint
- A basement height increase
Benefits
- More space for functional basements, by increasing floor area
- More livable basements, by increasing the basement height
- More housing choices, by providing more options
- More renovations/fewer demolitions, by accommodating existing houses
- More green space, by reducing the house footprint
- No impact on land values, by reducing above grade floor area
Help With a Price
Building new or renovating? This bylaw will be of interest to you. With Vancouver prices ever increasing a high quality basement suite will offer some relief to service a mortgage. Of course, it will in itself, add further value thereby increasing the price of the home.
Final approval awaits us.
City Reports
