A study from UBC, to be published in Journal of Urban Economics, crunched numbers from real estate sales across Vancouver from 2009 to 2017, focusing on the price of homes that had neighbours with laneway houses.

“They know they aren’t going to find another house like this.”

“We were quite interested to find out that [group buying] is correlated with markets for high prices, such as British Columbia.”

A new office complex in Richmond, BC will be the first of many.