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Originally Posted by misher
Please note that the below is an opinion piece.
https://www.vancourier.com/real-esta...ada-1.23194873
Construction costs in Vancouver are at an all time high. Costs also include the time it takes from starting to finishing construction, the taxes paid, the opportunity costs, etc. Prefab, SIPs, and Modular seem like they should be taking off as a result.
Prefab is quite attractive as it skips much of the construction needed in Vancouver. The largest downsides are the costs of transportation and the lack of customization. However, it possesses many benefits such as using a tested design, being built in an indoor environment (interior not exposed to the elements), possibility of being built where labor is cheaper, being built faster (indoor facility using a standardized build process), and possibly already have permits/designs pre-approved or at least quickened.
Modular is similar to Prefab except that its made up of modules that are connected together. In this case, units can be connected to form apartment buildings or townhouses. This allows for much quicker construction but I'd say the buildings are less well put together though I guess these deficiencies can be overcome for low-rise construction.
To be honest, I think there's huge potential for housing modules in concrete towers. With each module being a block that is then inserted between the concrete floors of the building by a crane skipping much of the work and allowing for construction to take place on the ground.
Structurally insulated panels are panels with insulation. They are seen as an alternative to framing as they are strong enough to build a house without a frame. There basically like lego. This allows for much quicker construction, better insulation, and reduced costs.
I think with our construction costs and time associated costs to develop rising we will see a massive rise in use of the above 3 methods. In particular it will be cool if they begin inserting modules into concrete towers like Jenga blocks. What do you think?
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No. Modular building has been around for a long time; it never catches on because
1. No one likes to live in a bland boring tower that looks modular; same reason why brutalist architecture died.
Newer buildings have less this issue, having better designs, but it's still very obviously 'blocks'.
2. These sections need to be transported by Truck to get to the construction site. The issue is that these segments are usually way too large to do that with- a floor is about 4-4.5m in width.
I couldn't find anything for Vancouver, but Toronto has 3.5m wide lanes.
https://www.toronto.ca/wp-content/up....0_Jun2017.pdf
Also, this limits total length of the walls, making for small rooms.
3. Large towers (5+ stories) still need conventional support structures to avoid toppling over.
4. Legally, things haven't really caught up yet; for example, modular buildings have thicker walls and floors, increasing building height, and causing conflicts with FSR and building height mandates.
https://ny.curbed.com/2016/1/15/1084...ture-is-fading
Also:
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Shipping or trucking in modules from far distances can also add extra time or costs to the project, and then there's a matter of storing them once in New York. "The more demanding thing [than transporting them] is how the modules are stored and choreographed at the building site," says Garrison. "They have to be in a regular queue so they can be lifted into place on a predictable schedule."
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Plus, I mean, it hasn't taken over in
China; it's not going to take over in Vancouver. It's really that simple.
House prices on Condos, Apartments, and SFHs have all plateaued in Vancouver.
You can bet that the prices will collapse the moment interest rates go up a percentage point, or a recession inevitably happens.