We all know that when it comes to real estate, it's nearly impossible to buy any form of home in Vancouver. With Vancouver known to be the worst housing market in Canada, it can be pretty discouraging for millennials who are trying to settle down in the city. However, a Vancouver scientist has claimed that he has solved the problem of expensive housing in Vancouver by creating 3D printed houses that are super affordable.
According to CTV News , Paul Tinari, the owner of CAPRA Megalodon 3D Concrete, has developed and showcased exactly what a 3D printed house would mean in the city of Vancouver.
The printer would pour in the concrete in layers to create the home's foundation before other sections of the house would be added, such as siding, plumbing, and electricity. Tinari stated that these houses would be so well designed that you wouldn't be able to tell the difference between a 3D printed house and a regular house.
One of the main selling points is that the house would also be completely customizable. Customers would be able to design their home any way they wish and the 3D printer would turn their dream into a reality.
Of course, the other big selling point is that these houses are also projected to be extremely affordable and can be made quickly. An average sized bungalow could be constructed in only 24 hours. While a four-bedroom home would only cost $20,000.
Tinari also states that he hopes to have his company fully running and operational as early as June, just in time for summer.
This also comes at a perfect time as the Vancouver housing market continues to worsen. In January, Narcity reported that Vancouver had one of the worst housing markets in the world for 2019.
To make matters worse, Global News announced this week that to afford a home in Vancouver, a home buyer needs to be making at least $205,000 to qualify for a mortgage. Which means you would need to be in the top 2.5 per cent of the income ladder.
So hold onto hope Vancouverites, help may just be on its way. If Tinari's 3D house project can get proper approvals he is hoping to be operational by June. He is also currently working in the US to possibly 3D print houses in areas destroyed forest fires.