🏘️ Small Homes, Big Opportunities: How Gentle Density Can Work for You 🏘️
Gentle density housing is redefining how we use space, offering more affordable, flexible, and sustainable living options for families across Canada.
Take this new pocket neighbourhood development Brandon, Manitoba, for example. This charming neighborhood of 21 small homes proves that less can be more. These 612-square-foot homes cost approx $178,000—significantly less than the average house price of $310,000 in Brandon in 2023, offering housing opportunities for a far greater span of our communities. In 2025, we need to see far more of these opportunities come to fruition!
By embracing gentle density, homeowners are unlocking creative ways to make housing more attainable while building vibrant, connected communities. In B.C., provincial and federal programs are making it easier than ever for homeowners to join this movement and provide housing options for their loved ones—or simply expand their own choices for downsizing to better meet their evolving housing needs. Programs available include:
Provincial Secondary Suite Incentive Program:
This program offers forgivable loans of up to 50% of renovation costs, capped at $40,000, for projects like secondary suites or accessory dwelling units. If the unit is rented long-term at below-market rates for five years, the loan is fully forgiven. It’s a way to increase rental options while reducing financial barriers for homeowners.
Federal Secondary Suite Loan Program:
Starting January 15, 2025, this program will provide low-interest loans of up to $80,000 for adding secondary suites. Homeowners can also access new mortgage insurance options to refinance and unlock home equity for renovations.
Good news for B.C. homeowners: These programs can be combined, provided eligibility requirements are met and your mortgage lender agrees.
Whether it’s a laneway home, a garden suite, or a pocket neighborhood like those in Brandon, gentle density is about solutions for today and opportunities for tomorrow. At Small Housing, we’re committed to advocating for even more financial options for homeowner-developers—ones that embrace offsite construction and other innovative solutions to make building gentle density homes even more affordable and accessible.
Let’s create housing that works for everyone. 🙌
#GentleDensity #AffordableHousing #HousingSolutions #BCRealEstate #SmallHomes
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Daniel Winer Tamara White Aina Adashynski Andrew Bjorn Vienna Braux David Sisk