“The impression I have based on dealings with my buyers is that those people who can afford $2.4 to $4 million for a new house don’t need or want to have a tenant in their backyards. They want their privacy and they want a safe spot for their expensive cars.
The only instances where they are interested is if they have elderly parents, or their 20ish kids but both of these situations really only last a few years. I think builders are discovering that there’s not much profit in adding the laneway houses. Demand is not all that strong.”