🚧 B.C. is rezoning for more multi-family homes—what does this mean for property owners and investors? 🚧

Brendon Ogmundson, Chief Economist of the B.C. Real Estate Association, states that increased housing density is the only real solution to our housing crisis. In 2024, B.C. relaxed zoning laws, making it easier to build multiplexes and mid-sized developments. There’s also a new anti-house-flipping tax for properties sold within 24 months, discouraging speculation.

At WeConstruX and ANNJI, we applaud these changes because they make it easier for homeowners and investors to maximize land value through Missing Middle (MM) housing.

What is Missing Middle Housing?

It’s the sweet spot between single-family homes and high-rises. MM housing includes:
🏡 Duplexes, triplexes, fourplexes
🏘️ Townhomes & courtyard housing
🏢 Small apartment buildings (under 6 storeys)

Why does this matter?
✅ Increases property value – More units = higher returns.
✅ Creates rental income – Homeowners can live in one unit and rent out the rest.
✅ Supports sustainable cities – More housing near transit and jobs.
✅ Affordable options – Helps families, seniors & students find homes.

📢 Now is the time to rethink your property’s potential!

How Cities Can Help Unlock MM Housing

A University of Toronto study outlines eight key ways cities can break barriers:

🏗️ 1. Ambitious Housing Goals – Set high targets for MM housing, prioritizing families, students, and seniors.

🏘️ 2. End Exclusionary Zoning – Upzone near jobs, transit, and amenities to allow multiplexes and mixed-use communities.

✅ 3. Faster Approvals – Cities should allow “as of right” zoning and pre-approved designs to cut delays.

🏡 4. Modern Building Codes – B.C. now allows single egress for 6-storey buildings, making MM more affordable.

🚗 5. Reduce Site Barriers – Eliminate parking minimums in transit-rich areas to encourage walkable communities.

⏳ 6. Speed Up Permit Times – It takes 10 days in Kelowna, 32 months in Toronto—we need a province-wide fix!

💰 7. Development Tax Reform – Urban infill should NOT be taxed like suburban developments.

🏦 8. Financial Support for Builders – Cities should provide low-rate financing for small developers and MM projects.

👉 With these changes, multiplexes can be the future of B.C.’s housing market!

What This Means for Property Owners & Investors

✔️ If you own a single-family home, you may soon be able to add units and increase income.
✔️ Investors can capitalize on rezoning, building profitable fourplexes or sixplexes.
✔️ Developing your lot now means higher resale value in the near future.

At WeConstruX, we help you build profitable multiplexes!

We specialize in duplex to sixplex construction, from permitting to completion. Let’s turn your land into a smart investment!

📩 DM us to learn more about your lot’s potential.