According to the latest demographic estimates, our population has grown to almost 38 million. The growth from just January 1 to March 31 of this year is by 76,221. Factors of this population growth include a 13,494 natural increase with new births, and a 62,727 increase by net international migration with people moving into Canada.

The province of Ontario accounts for the highest populated province with over 14 million residents while making up 38.8% of Canada’s demographic weight. British Columbia has seen a population growth of over nine thousand during this 3-month period and houses an overall population of over five million. Projections of the next 50 years show us that our population could reach between 44.4 million and 70.2 million inhabitants by the year 2068.

As of the year 2020, the average retail price of a home in Vancouver remains over $1 million at $1,298,332. A two-storey home’s average price in the city now stands at $2,135,367 while condos are sitting at $764,009 on average.

The multi-unit building can be modified by our design team to fit smaller lot sizes if needed, and the concept can also be incorporated into a large lot or neighbourhood subdivision design with numerous buildings.

On a 120’ x 33’ or 3,960sq-ft lot example, we can typically build 70% for a 2,727sq-ft building. Both units would be sold as 1,363sq-ft each of interior living space in two storeys with an additional 681.5sq-ft each in outdoor space on the rooftop patio. This 3,960sq-ft size of lot can be found in the Vancouver area for an estimated $1,300,000 currently with our project manager estimating base building costs of $220/sq-ft to create our modern affordable housing. Managed by our current construction project manager, this 2,727sq-ft building would then total to an estimated $600,000 with all hard & soft building construction costs included. And this income example, with the land purchase and construction, would total to an estimated $1,900,000 in costs.

Total estimated capital required = $1,900,000

Expected return on investment = 37%

We are proposing a Joint Venture with a profit of $700,000 from our real estate agent's sale, at a property market valuation & sale price of $2,600,000.

Our design team has proposed us with this new design which can be assembled into numerous combinations for affordable townhouse condominiums. The suggested lot size for this two-storey multi-unit design is 120’ x 46’ or 5,520sq-ft.