District of North Vancouver staff will be investigating ways to make it easier for homeowners to add a secondary suite to their homes. Following a motion presented by Councillor Jim Hanson, and approved unanimously, staff will explore options for easing regulations or even offering financial incentives to homeowners who can create new housing. Hanson’s motion was one of three Council motions intended to ease some of the shortage in affordable housing on the North Shore.
The District estimates that there are currently 4,300 suites located in single family homes, with staff projecting that another 2,600 units could be created by 2030. It is already the case that 75% of new build and rebuilt homes include secondary suites. These estimates are inexact because many secondary suites aren’t registered with the District. These suites are home to some of the 25% of District households who rent rather than own their homes. According to Statistics Canada, rents in the District have increased by more than 42% over the last decade, and currently nearly half of renters are paying amounts for housing that CMHC (Canada Mortgage and Housing Corporation) considers “unaffordable”.