On September 14, 2023, Vancouver Council unanimously approved a series of bylaw changes to the RS zones throughout Vancouver, including the introduction of Multiplexes. These changes will be enacted into bylaw in October.
RS zones 1 through 9 will now be replaced with R1-1, providing 1 consistent zoning policy. This removes biased design guidelines previously observed throughout the RS bylaw. Note, RT and RM zones will remain as is.
To learn more, visit my Multiplex Page
What is a Multiplex?
Instead of a standard single family house or duplex, a Multiplex is Vancouver’s newest form of housing offering 3 to 6 stratified units, or up to 8 rental units per lot, depending on the size and orientation of the property. For the most part, units will be individually stratified, meaning they will each have their own Parcel IDs and can be owned and sold individually as desired. This provides for optimal flexibility and a variety of cost effective options for development and ownership.
How Can Multiplexes Benefit Me?
If you live in Vancouver, this is one of many measures aimed at improving affordability by providing much needed housing for the “Missing Middle”. We now live in a time where the average middle class professional cannot afford a home and baby boomers are significantly over-housed. Their kids are struggling to find a decent size home to raise their grandkids and they are ready to downsize. It’s a policy that will help multiple generations remain together in one community and re-think how we live as a collective. Gone are the days of tiny bungalows on large lots.
- If you currently own an older home on an RS zoned lot that is ready to be demolished, you have the opportunity to benefit from the higher land value. You also have the benefit of potentially moving into a newly built unit in a nearby Multiplex and remain in your desired neighbourhood, close to your family and community.
- If you’ve wanted to live with your family but maintain separate units, Multiplex units might be the perfect option providing the convenience without the compromise.
- If you have wanted to buy a property with friends, 3 to 6 friend groups can now co-invest in a new Multiplex and live together, but separately, each owning their own units.
- As an investment, because each unit is stratified, they can be passed down to individual children or family members.
- Increased home ownership and rental opportunities in traditionally single family areas.
What is the Timeline for Implementation?
To learn more, visit my Multiplex Page