Vancouver, BC. is truly one of the most beautiful cities in the world. Surrounded by lush temperate rainforests, majestic mountain ranges, and the pristine coastline of the Pacific Ocean, it’s no wonder Vancouver was listed as the 5th most liveable city in the world. It’s also Canada’s most expensive city to live in.
In 2022, Newly elected city of Vancouver officials proposed a large number of new RS zoning regulations. There are approximately 40,000 to 50,000 single family homes that fall within this zone. The newly proposed zoning changes are aimed to address affordability and the housing crisis affecting Vancouver families and residents.
What does this mean for single family homes in RS zones?
If you own a single family home within an RS zone, you can currently go from having a single family home to a duplex. With the intended changes, the city of Vancouver is proposing property owners build triplexes and fourplexes. If your lot size is 50 feet wide or greater, you’ll have the potential to build up to 6 units. Property owners may be entitled to build even more units if there’s added rental housing or below market value rental homes.
There are numerous incentives available for homeowners that could potentially affect RS zoned homes. Properties that measure 50 x 130 square feet or consist of 6000 square foot lots have the potential to construct up to 6 units, allowing for a maximum floor space ratio of 1, which translates to a dwelling size of 6000 square feet.
The City of Vancouver’s implementation plan
These changes are coming, and it’s just a matter of time until the City of Vancouver starts implementing the pilot project. The pilot project will begin by accepting up to 100 applicants to rezone their property.
If you own a home in Vancouver located within the RS zoning and you want more information, please call us at 604-657-7936 or visit us at www.andrewhasman.com. Plan ahead, and stay informed on how you could potentially transform your Vancouver home.
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.
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