Friday, October 27, 2006

Vancouver Canada's solution to Low Income Housing

Vancouver has been building and selling essentially 3 bedroom condos with one of the bedrooms set up a independant studio with a kitchen, seperate entrance and bathroom.

The owners then rent them out to help with the mortgage. These studios are ment to be mortgage helpers. In Vancouver these extra studios have been rented out to mostly students.

In general its an interesting idea. Gives the owners space to grow into the future as the family grows and in the mean time they can rent it out.

You can read the article here

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