The City of Vancouver has proposed a plan to add more 'missing middle' housing, which some claim isn't intense enough to make an appreciable impact. CityofVancouver | realestate realestatenews housing missingmiddle
, most people tend to agree that there is indeed a problem. The disagreement comes when discussing how to solve the problem, and that often boils down to a debate about density. Are high-density skyscrapers the way to go? Should that come at the expense of single-detached homes? Less discussed is what’s in between those two options: missing middle housing.
This is to say that if more units are allowed on a given site, but the FSR is not high enough, the size of the units will have to be smaller. It’s about finding the right balance, and there’s good reason to believe that what the City is currently proposing — the aforementioned FSR of 1.0 — is not the right balance.
“Upzoning to missing middle ranges means an increase in the maximum floor space ratio to between 1.5 and 2.0,” Lee wrote. Even under that increased FSR, Lee said the site could need to be more efficiently used in order to accommodate more density, such as loosening the building’s setbacks from the street or a loosening of building height requirements.
However, Lee adds, “at 2.0 FSR, lower break-even rents are possible by spreading the land cost over more units: $1,407 per month for a one-bedroom with land costing $1 million, $1,525 and $1,684 for land costing $1.6 million and $2.4 million respectively.”
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