Quote:
Originally Posted by logan5
I'm going to post the Altus Group’s annual Construction Cost Guide. As it shows, there is a huge difference in construction costs between high-rise and ground oriented housing (like stacked townhouse and row-house). Row-houses can be built at half the cost of high-rise units.
This shows only construction costs, so high-rise units get even more costly when you include higher maintenance fees, and other fees that go along with the process.
If Metro Vancouver were actually serious about providing affordable housing, they would be zoning for ground oriented housing on a much larger scale. Instead we are force fed expensive high rise condos. The game is fixed.
https://creston.ca/DocumentCenter/Vi...st-Guide-web-1
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As I read that table, if you add the cost of putting the rowhouses on top of an underground parkade, which every developer does, then the costruction costs are very similar for townhouses and condos up to 39 floors.
The land cost per unit for rowhouses in some parts of Metro Vancouver can be higher than for condos as well. It depends partly on what's on the site to be redeveloped, and where it's located. That's why stacked townhouses and rowhouses cost similar per square foot new prices as condos. Their condo fees were a bit lower, but presumably townhouse stratas also face the same issue with higher insurance premiums, so will have rising strata fees.