“..UBC student Andrew Neuman won an award for his shared equity concept – which divides properties – and adds housing where residents would buy shares in co-ownership.
Neuman says it could reduce the price of a dwelling on a $1-million lot to as little as $100,000.
“So it brings down the cost of housing through sub-division and shared equity.”
Neuman said the issue of affordability in Vancouver hits close to home.
“Unless something like this sorta comes about – I will not be able to afford to live here,” he said..”
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