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Doing the math on laneway housing

It's one of the things you never hear anyone ask when they're talking about laneway housing in Vancouver.

They're green and they're groovy. They let you house your kids and your aging parents and they provide a rental income. Or, in the case of one of my friends, they allow two young couples to split the price of land in a great neighbourhood and each have their own house.

They don't even seem that small to the people who live in them.

But do laneway homes really make economic sense, once all the math is done?

It's a great question, and BC Business has provided an interesting answer in its December edition.

The article details the math, compares the cost of the alternatives and talks with several residents who've taken the plunge. One of them, in a nice circle-of-life kind of way, is Coun. Elizabeth Ball, who has just returned to city council and was a sitting member when then-mayor Sam Sullivan kicked off the EcoDensity project that launched laneway housing as an infill option.

There's even a brief word from critics of the houses.

You can find the online article here.

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