One Quarter of Detached Homes in Vancouver could be Demolished by 2030- Report

Approximately one-quarter of detached homes in Vancouver’s red-hot housing market could be torn down between now and 2030, according to a new forecasting tool developed by a UBC researcher and industry collaborator.

This forecasting tool, known as the teardown index, suggests that the lower the value of the residence relative to the value of the overall property (its relative building value, or RBV), the more likely it is the house will be torn down and replaced by a new one.

GUEST: Joe Dahmen - Professor of Architecture at the University of British Columbia and a Wall Scholar at UBC’s Peter Wall Institute for Advanced Studies

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