Oct 28, 2022
BUILDING MULTI-FAMILY DEVELOPMENTS WILL HELP MEET THE HOUSING NEEDS OF THIS GROWING DEMOGRAPHIC
Believe it or not, solo living is on the rise in Canada. According to Statistics Canada, 4.4 million people lived alone in 2021, up from 1.7 million in 1981. What does this mean for housing in Canada? The expansion of one-person households is affecting the way we think about building homes. The same report found that 56 percent of one-person households lived in an apartment, high-rise, or duplex. For this reason, building multi-family developments is a great opportunity to meet the housing needs of a growing market. As award-winning multi-family home builders based in Nanaimo, B.C., here are just a few reasons why we believe building multi-family developments can benefit our changing communities.
BUILDING SUSTAINABLY FOR THE ENVIRONMENT
With British Columbia setting a plan to be Net-Zero Energy Ready
by 2032, building energy-efficient developments is becoming the new standard. Greener features in newer multi-family building
s include EV charging stations for cars and bikes, energy-efficient windows and fixtures, and LED lighting. These features contribute to energy savings for residents and a better living environment. As multi-family developments
take up less land, they help preserve natural spaces for residents to enjoy.
GOOD FOR ECONOMIC GROWTH
Multi-family developments increase the housing supply and offer more housing options for people with varying incomes and lifestyles. This increase in density can contribute to an expansion and diversification of the workforce
. As a growing number of single dwellers are between the ages of 35 to 44, multi-family homes
are often built in desirable areas with better employment opportunities available, making it an attractive option for career-focused individuals.
IMPROVED QUALITY OF LIFE
Building multi-family developments contributes to vibrant and healthy communities. Similar to economic growth, an increase in density can support a better diversification of cities. From attractive streetscapes for foot traffic to bike paths and accessible transit, quality of life for solo dwellers dramatically improves. Attending community events, cultural amenities, and experiences becomes more readily available for people to enjoy closer to home.
We’re building multi-family developments with the future in mind.
As Vancouver Island home builders, we recognize our communities are changing and aim to build purposeful spaces where people can thrive. With over three decades of experience in general contracting and construction management, we’re committed to building stronger communities that will meet the needs of our growing population. If you have a multi-family development project in mind, connect with our team and find out how we can support your vision.