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Western Canada Apartment Investment Conference ITS ABOUT THE - - PowerPoint PPT Presentation
Western Canada Apartment Investment Conference ITS ABOUT THE - - PowerPoint PPT Presentation
Presentation to the Western Canada Apartment Investment Conference ITS ABOUT THE NUMBERS: A FIELD GUIDE TO THE FIRST STEPS IN DEVELOPING AN APARTMENT BUILDING In the old days Michael, the coins from the washers and dryers were the
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❖ 110,000+ suites in Metro Vancouver ❖ 3,100+ purpose-built buildings~2061 owners ❖ 1780+ buildings in Vancouver of which 280+ mid/high rise ❖ average age of purpose-built rental buildings: 60+years
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64% of units less than 320 sq.ft.
“Living in these units will be like living in a coffin”
Alderman Jonathan Baker
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However municipalities must decrease their minimum suite sizes. 440 sq.ft. is too large
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The first purpose-built rental project in West Vancouver in over 40 years
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Modify building and fire codes so we can start building small apartment buildings again
An older building in Vancouver
A new building in Calgary
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Consider relocatable modular housing on vacant lots
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Temporary modular housing project in Vancouver (Opening Ceremony)
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Vancouver’s new West End Plan allows infill apartments along laneways
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MORTGAGE HELPERS IN THE SKY: The second bedroom has its own door to corridor and can have its own small kitchen
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