Well discussing about laneway housing in Toronto  I must say that since the government of Toronto has started by-law allowing the construction of laneway suites in  2018 June its been a tremendous growth in the in the interest of the laneway suites in public, also the public are ready to buy them.

The City of Toronto is now allowing Laneway Housing, albeit in a confined area thus far.

It took the entire summer for the city to post by-laws as they pertain to this new housing type, which the real estate industry, property owners, and potential developers/end users are now assessing.

Well it had to be after all there are so many benefits of it like

• Safer Laneways, Less Crime

Since the entire property will have inhabitants, and both lanes will have people living there, we see a decrease in the crime rate. Alleyways are usually targeted as high crime spots. Eliminating these areas and converting them into habitable or recreational spaces immediately makes the area safer.

• Adds or Retains Neighbourhood Character

Depending on the neighbourhood or area, adding a laneway house can addto its character. Traditionally, laneway homes are designed to complement the main house of the property. This ensures that the curb appeal of the property is enhanced rather than decreased.In certain cases, laneways are utilised as recreational spaces. Either way, the overall look and spirit of the property is enhanced.

• Affordable Housing Solution

As the need for housing increases, so does the price of rentals. Laneway homes make it possible for the community to rent a home in a single-family neighbourhood. Toronto currently faces a crisis in regards to housing solutions, and laneway homes are a great option. These homes are also located close to public transportation spots, schools, and other sought-after amenities.

• Meets Population Growth Needs

The city of Toronto is experiencing rapid growth in population annually. This has lead to the massive housing problem the city is facing. Including laneway homes will be a great solution and allow single-family neighbourhoods to increase their density practically and humanely. Housing needs will not be a problem thanks to laneway homes. Homeowners will be able to benefit from them too.

Less Harsh Impact on the Environment

Thanks to the size of laneway homes, they are more energy efficient than houses. This is due to the usage of fewer resources and energy. The building requirements of laneway homes are also green and non-invasive. Construction is completed quickly and off-site.

Laneway homes are fitted with energy efficient heating systems and appliances as well as solar panels. They are green in every way.

These were the benefits according to the stats and my point of view however there can be many more or even less person to person.

But going forward there is going to be a big development in the realestate business and the development in the city as well. And we all should re think about investing in this going forward.