Micro suites: Does size really matter?

Housing affordability is a major issue for the City of Vancouver. The ever-increasing cost of housing is pricing many Vancouverites out of the housing market. Millennials, with interests in homeownership, are starting to move out of Metro Vancouver to more affordable locations. Loss of this generation creates serious concern for the labour market and the growth of the economy. One proposed way to help retain millennials in Vancouver is to develop micro suites. These apartments are smaller than what is currently allowed under Vancouver zoning bylaws, which should make them more affordable. This Capstone examines the possible consequences of developing micro suites by compiling research, looking at four other jurisdictions, and conducting interviews. In the end three options are presented with the benefits and disadvantages of each. A recommendation is made to submit the options to City Council and let elected officials decide the best option for Vancouver.