With Vancouver’s new multiplex zoning policies, many homeowners are exploring co-development as a way to unlock their property’s potential. Whether you’re teaming up with a friend, family member, investor, or neighbor, co-developing can be a powerful way to create wealth, share resources, and contribute to the city’s housing supply.

But before you dive in, there are some key things you need to know.

1. 🧱 Understand the New Zoning Rules

As of 2024, Vancouver has introduced new multiplex zoning that allows up to 6 units on a single lot (in many RS-zoned neighborhoods). But zoning varies by area—things like lot width, square footage, and location all impact what you can build.

✅ Start with a feasibility study to understand what’s possible on your specific property.
📍 Not sure where to start? We’ll help you with a free one here.

2. 🤝 Choose the Right Co-Development Partner

This is a business relationship—treat it like one. Whether you're working with friends, family, or outside investors, make sure your goals, timelines, and financial expectations align. You'll want to establish:

• Clear roles and responsibilities

• How costs and profits will be split

• What happens if someone wants out early

💡 Pro Tip: A formal co-ownership or joint venture agreement is essential. We can connect you with legal professionals who specialize in this.

3. 💸 Know Your Financing Options

Co-developing means pooling resources—but that doesn't mean it's always simple. Will one party finance the build? Are you splitting down payments? Who’s responsible for construction costs?

Some options to explore:

• Joint mortgages

• Private lenders or investor capital

• Equity splits based on land value vs construction contribution

📊 Understanding the numbers upfront avoids big problems later.

4. 🏗️ Get the Right Team in Place

From architects and builders to lawyers and city planners, successful co-development depends on having the right people on your side. You’ll need professionals who:

• Understand Vancouver’s permitting process

• Have experience with multiplex builds

• Can keep your project on time and on budget

✨ At Kritikos Real Estate Group, we work with vetted partners who specialize in small-scale development—and we can introduce you.

5. ⏳ Be Ready for a Timeline

Multiplex co-development isn’t overnight. From planning and permitting to construction and sales/rentals, the process can take 12–24 months depending on scope.

Set realistic expectations from the beginning and make sure all parties are in agreement on:

• Timeline

• Exit strategy (sell vs hold)

• Communication throughout the process

Thinking of Co-Developing in Vancouver?

Whether you're a homeowner looking to unlock your lot's potential or an investor ready to collaborate, co-development can be a game-changer—when it's done right.

At Kritikos Real Estate Group, we specialize in helping homeowners navigate the process of multiplex development, including partnerships, planning, and property potential.

📞 Let’s talk about your goals.
👉 Book a free feasibility study here or
📅 Schedule a 1:1 call with Maria