Vancouver proposes new affordable housing pilot program “Making Home”

Vancouver proposes new affordable housing pilot program “Making Home”

  • Real Estate
  • Vancouver
September 29, 2020

Vancouver’s latest attempt to create more housing opportunities leads us to East Side Vancouver. In the past couple of years, Vancouver has created thousands of rental homes through development incentives, zoning, rental policy, and pilot programs. Just last year, rental home construction has exceeded its expected annual growth rate. The new program “Making Home” is targeted to create homes that middle-class can afford.

Most of the housing options on the market are either apartments, townhouses or single detached houses. Official Community plans are centered around core metropolitan area allowing high density development in the center and continues to expand outwards given that they receive one. There is still an abundance of single detached homes on the market. East Side in particular, the single house averaged around 1.4 million.

The idea behind “Making Home” is to convert these single houses into multiple family dwelling on a standard lot. The downside will be a smaller living area, but a much cheaper in price. If we turn a 2300 sqft house into 4 individual units, you will still have approximately 575 sqft per home. However, the city does not permit such configuration at the current stage.

In the experimental stage, the city is hoping to have 100 homes to come onboard. This will give the opportunity for homeowner to stratify their single houses into two-middle income units. The owner will need to cover the expenses for building the new unit and for those planning to move in to one of these units will need to satisfy income requirement of $80,000.

There is not enough incentive for those who on the East Side that can already afford to purchase a single house to participate. At that income requirement, I think there are better options. Being qualify guaranteed permanently to affordable household, but it does not not specify home ownership. It is a pilot program and I hope it brings a new way to living.

Yoyoe Lu

Founder and managing principal

Yoyoe is the founder and managing principal of Claridge. She was ranked one of Vancouver’s top real estate agents. Currently, Yoyoe is our strategic mind leading the team to success. Her affiliation with industry professionals put her ahead of our competitors. Yoyoe is also part of the Rotary Club of West Vancouver, Canadian Homebuilders Association, Urban Land Institute and Urban Development Institute.

Ashley Osborn

Development Site and Investment Specialist

Ashely is our lead land and investment advisor. He has been consistently featured in the annual top 100 real estate deals of British Columbia ranking. With over $15 billion worth of domestic and international real estate investments under his belt, Ashley is one of the top agents in the province. His 20 years of real estate and financial experience make him a master in negotiation and acquisition.

Patricia Wong Chong

Investment and Leasing Specialist

Patricia is our investment and retail leasing advisor. Her experience in brokerage and market research analysis has helped her comprise over $550 million in commercial real estate transactions. Patricia is responsible, detail-oriented, and professional. Her strong work ethic and positive attitude have led her to surpass all her competitors.

Schumann Li

Land Assembly & Residential Specialist

Schumann is a top-producing realtor in the Lower Mainland with more than 30 years’ experience. Over the years, Schumann hasn’t just garnered awards, but the trust of countless customers. Her clients continually refer to her outstanding professionalism, work ethic and poise.

Wendy Kaip

Sales Associate

Whether it’s decoding city policies, strategizing relocation plans, home sellers looking for a trustworthy advisor to unlock their property’s maximum potential- Wendy is here to help every step along the way.

Prior to real estate, Wendy spent over a decade in the mining industry with her attention to detail, keen negotiation skills, extensive network and strong reputation for getting the deal done, bringing endless value to her current real estate clients.

Whether you are thinking about selling to a developer, or have more questions about commercial real estate, Wendy invites you to connect, to see how she can utilize her expertise and team to help create value and maximize your real estate goals.

Simon Chan

Managing Broker

Simon is the managing broker of Claridge Real Estate Advisors Inc. His expertise has helped our agents resolve many difficulties. Not only is Simon knowledgeable with real estate legislation, but he is also very detail orientated. With Simon on our team, our agents are confident to conduct businesses and will always get the support they need to ensure they’re not walking on dirty water.

Frank Zhou


As the analyst of the company, my key job is to help brokers to find marketable clients and locate feasible development sites by collecting and analyzing up-to-date market transaction data and conducting target market and property-level research. Meanwhile, I am also in charge of maintaining the company’s property database to ensure accuracy and comprehensiveness and continuously upgrading the level of knowledge by staying up to date with hot topics, and market trends, and incorporating findings into everyday work. Before joining the company, I worked for CR Group as a real estate investment manager, focusing on capital raising, equity and debt financing, acquisition and renovation. I hold 2 master’s degrees, one in Housing Management and the other in Economics.