Month-to-month rents can not cowl the worth of setting up a coach house, this North Vancouver resident says
Dear Editors:
If we have to improve affordability and create additional housing, it’s time for the Metropolis of North Vancouver to allow the stratification of coach properties.
It is well-known that people with frequent incomes are being priced out of city as land is expensive and growth costs prohibitive. Householders could possibly be additional extra more likely to assemble coach properties if that that they had the selection to advertise them. Density is likely to be improved with out altering the character of residential neighborhoods.
We’re retirees who now can not afford to stay throughout the neighborhood we love. Now we now have lived throughout the metropolis since 1997 and constructed every a house and a coach house. The setting up course of with city was good every events. The coach house ended up over funds, as is normally the case with growth. As a substitute of serving to us in our retirement, it is costing us higher than we rent it out for. We added rental stock nonetheless can not preserve the worth.
Stratification could possibly be a progressive strategy to take care of the housing shortage, improve affordability and help older house owners keep in North Vancouver.
Jacques and Manjula Dufresne
North Vancouver