The average for townhomes in February was $682k, and that's re-sale. New-builds are ~$850k+, mostly, with duplex and triplex townhome-styled homes in the $650k-$700k range in Sooke, and even then only a handful remain as pre-sales.

Dumb question, but with townhomes being so in demand why not just make more two-floor condos that can try to replicate that experience? Maybe put bedrooms in the bottom floor so no one has to worry about neighborly noise during bedtime. Have laundry area be under stairs to minimize sqft loss from having to have access to 2nd floor. Save on costs if you can connect the two units with woodframe then only have concrete every two levels, from the outside just having a really high floor instead of two. Would that even comply with the building code?

I did that up in Nanaimo, right by city hall on Franklyn. Nice two storey "townhouse" condos at grade. Private entrances, little patio, streetview. They had to be encapsulated with non-combustible (concrete), and the additional costs of the security for all those front doors, meant there wasn't much more profit versus the simpler apartment style condos.

Is there a market? Yes. Is it in the developer's interests to bother? Not in a hot market like we have.

I did that up in Nanaimo, right by city hall on Franklyn. Nice two storey "townhouse" condos at grade. Private entrances, little patio, streetview. They had to be encapsulated with non-combustible (concrete), and the additional costs of the security for all those front doors, meant there wasn't much more profit versus the simpler apartment style condos.

Is there a market? Yes. Is it in the developer's interests to bother? Not in a hot market like we have.

Interesting, thanks for the insight. In this market might as well minimax and not take any risks I guess.

Interesting, thanks for the insight. In this market might as well minimax and not take any risks I guess.

There was a recent building in Vancouver that has several "sky lofts" like this. I think it's a great idea.

https://www.8xonthepark.com/gallery/