Vancouver Laneway House Market Analyses the Year of 2019 – Series Three (The Tenant Analysis)

July 18, 2019, a milestone for the LWH market in Canada, as the Toronto City Council passed the law of allowing the construction of the laneway house in the city with an absolute majority of 22:1. While, Vancouver has promoted the LWH for more than 10 years. Today, the largest metropolis in the country has officially entered the LWH era.
 
 

1.jpg

 
Although the Greater Vancouver is not the highest rental index urban area in Canada (44.6% compared to Montreal and the surrounding area), the 36.3% also gives it a solid position (33.5% of Metro Toronto), and this ratio has climbed from 34.5% in 2011. This also reflects the fact that the real estate fever in Vancouver in recent years.LWH, as one of the ways taken by the Vancouver City Government to solve the problem of expensive rents, and effectively increasing rental housing, is playing an increasingly active role. Therefore, we are quite interested in who are living in the LWH and their opinions on this kind of property? Let’s dive into it.
 
IMG_20190518_183516.jpg

IMG_20190518_183454.jpg

maco-construction-laneway-house-img12.png
maco-construction-laneway-house-img13.png
upload_2017-9-15_10-36-53.png

 

1. Do you identify as…

Response Percent Count
female 53.0% 151
Male 37.9% 108
Prefer not to say 7.4% 21
Others 1.8% 5
2. Which of the following best describes your total annual household income before taxes?
Response Percent Count
$40,000 – $60,000 16.1% 46
$60,000 – $80,000 16.1% 46
$80,000 – $100,000 115.8% 46
 $100,000 $150,000 16.1% 46
                Under $40,000                                         15.4%                44
                Prefer not to say
                                        11.9%                34
                $150,000 or above
                                                       8.4%                     24
 

3. Rental

Response Percent Count
Under $500 0.7% 2
$500 – $1,000 4.6% 13
$1,000 – $1,500 24.9% 71
$1,500 – $2,000 38.2% 109
                                                                      $2,000 – $2,500                                                                         13.0%                      37
                                                                                                                                                                                    $2,000  or above
                                                                           2.8%                       8
                                                                                                                                                                                                                                                 Prefer not to say
                                                                             3.5%                         10
 
IMG_20190518_205234.jpg
IMG_20190518_205300.jpg
 
4. How many people live in your laneway house in total
 
Response Percent Count
2 49.5% 141
1 27.7% 79
3 16.1% 46
4 or above
6.7% 19
 
5. How would you describe your household?
Response Percent Count
Me and my partner 38.2% 109
Just me 27.7% 79
Me and my family 22.8% 65
Roommate  8.1% 23
others
9.8%  28
 

6. What would you say is the most positive thing about living in a laneway house?:

 
Response Percent Count
Having a detached unit 73.9% 207
Having an affordable place to live 10.7% 30
The look and feel of the unit 10.4% 29
Location and sense of community 9.3% 26
 

7. What would you say is the least positive thing about living in a laneway house?:

Response Percent Count
Not having enough space 45.8% 119
The cost 19.2% 50
Issues with living next to the lane 9.6% 25
the design 9.2% 24
 

8. What would make living in your laneway house better?

Response Percent Count
More space 41.1% 106
More affordable 11.2% 29
Having access to the garage 10.5% 27
Better quality
9.3% 24
 
 
Summary: There are more female residents in the LWH than males; the income level of the tenants is from below 40,000 to more than 150,000. Neither section can dominate the market; the main rent of theLWH is between $1000 to $2000. The two-person world is the absolute majority of the LWH occupants; the core value of the LWH to the inhabitant is its independent spatial attributes; the most dissatisfied with the residents of the LWH is its spatial limitations. Maco Construction: We have carefully studied and discussed the data. We deeply felt the opinions of the guests, and we have found corresponding solutions within the scope of the policy. Contact us immediately, let Maco Construction design, plan, and build a LWH with cost saving, space efficient, and customer satisfaction!

Leave a Reply

Your email address will not be published. Required fields are marked *