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A legal BC basement suite adds $80K to $200K in home value, but 30-40% of rented BC suites are illegal. Bill 44 (SSMUH) now permits suites broadly, but the BC Building Code still applies. Here are the requirements, costs to legalize, and the financial gap.
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A Vancouver laneway house costs $400K-$650K to build, takes 12-22 months, and earns 3.8-5.2% net rental yield. Vancouver's R1-1 zoning lets you add one as of right — rental only, not sold separately.
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A BC special levy hits $5K to $80K per unit on building envelope, roof, or plumbing repairs. Here is how levies get approved, typical sizes by repair type, and 5 signs one is coming.