A widespread government proposal to create more affordable housing through large-scale rezoning of detached-house neighbourhoods into multi-unit housing rentals has run into a problem.
The City of Vancouver goes a step further with its proposed policy to allow up to six units of housing on all land in the city now zoned for single houses and to discourage the construction of new detached houses by restricting the size of new builds.Missing middle initiatives are also in place, or proposed, in Edmonton, Ottawa, Toronto and Halifax.
Vancouver’s plan would allow four to six homes to be built on most RS zoned lots, or 60 per cent of the city’s buildable land, Christopher Higgins, senior green building planner with the City of Vancouver, told Glacier Media. Canada Revenue Agency notes that only a private residence is immune from capital gains tax on real estate —currently at 50 per cent.
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