Unlock Generational Wealth with BC’s Bill 44

British Columbia’s Bill 44, the Housing Statutes Amendment Act, 2023, is transforming real estate by allowing single-family lots to be converted into multi-unit properties. This initiative creates significant opportunities for homeowners to increase property value, generate passive income, and build generational wealth—all while addressing BC’s housing shortage.

At High Castle Investments, we see this as more than a policy change. It’s a way to help homeowners achieve financial freedom and create lasting legacies.

What is Bill 44?

Bill 44 introduces small-scale multi-unit housing (SSMUH) zoning, enabling homeowners to develop:

• 3–4 units on single-family zoned lots.

• Up to 6 units on properties near transit corridors.

This change streamlines zoning processes, removes barriers like lengthy approvals, and makes it easier than ever to add value to your property.

The Generational Wealth Opportunity

Real estate has long been a cornerstone of wealth-building, and Bill 44 amplifies this potential. With the ability to develop additional units, homeowners can:

1. Boost Equity: Transforming a single-family home into a multiplex can add $1–2 million in pre-tax equity.

2. Achieve Mortgage-Free Living: Retain one unit for yourself, sell or rent the others, and eliminate housing debt while generating income.

3. Create a Legacy: Multiplex properties are income-generating assets that can be passed down to future generations.

4. Support Multi-Generational Living: Keep family members close with dedicated units while maintaining privacy.

Three Options for Homeowners to Develop a Multiplex

For homeowners exploring this opportunity, there are three primary approaches:

1. DIY (Do It Yourself)

   • Homeowners with construction experience can manage the project themselves.

   • This requires hiring licensed builders, coordinating financing, managing deal structures, and analyzing risks.

   • While feasible, this is the most complex option and requires significant expertise.

2. Partner with a Developer

   • Homeowners can sell their property to a developer and reinvest part of the proceeds.

   • For example, if your property is worth $2 million with a $900,000 mortgage, the remaining $1.1 million can serve as an equity stake in a limited partnership.

   • The developer manages the project, and you receive returns as a limited partner, often with an option to purchase a unit. However, property ownership is transferred to the developer.

3. Comprehensive Support with High Castle Investments

• High Castle offers a plug-and-play solution where you retain ownership, keep the profits, and access institutional-grade expertise.

• Our services include feasibility studies, project design, financing, construction, and tax planning, all managed by a team of industry professionals.

• This approach provides homeowners with a seamless, stress-free experience while maximizing returns.

Investment Returns and Financial Freedom

With Bill 44, homeowners can unlock opportunities that previously only developers could access. Key benefits include:

• High Returns: Multiplex developments can yield 20% or more annual returns on investment.

• Low Costs: Specialized construction financing often covers all project costs, minimizing upfront expenses.

• Short Timelines: Streamlined approvals mean projects can often be completed within two years.
  

Why Choose High Castle Investments?

At High Castle Investments, we’re committed to helping homeowners unlock the full potential of their properties. Our services include:

• Tailored Strategies: Custom solutions to meet your goals, whether it’s generating passive income, selling units, or supporting multi-generational living.

• Expert Team: Access architects, builders, financial advisors, tax specialists, and project managers who handle every step of the process.

• Transparent Process: We provide full visibility into costs and timelines, ensuring a stress-free experience.

Take the First Step Towards Financial Freedom

Bill 44 has opened the door to life-changing opportunities for homeowners. Whether you want to increase your equity, generate passive income, or create a legacy for future generations, High Castle Investments can help you achieve your goals.

Contact us today and discover how to transform your property into a wealth-generating asset.

Let’s build a brighter future together.