Vancouver Micro-Lofts in Gastown were mentioned in a recent Vancouver Sun Article.
Original buliding at 18 W Hastings Street is going to be converted to rental "micro-lofts" offering 270 sq.ft. bacholar units, which should fetch $750/mn for rent. This is a great idea, as we are making use of old Vancouver buildings, and adding some affordable rentals to our city. Most larger cities, such as Toronto have a much larger market of small studio style suites to offer more affordable rentals within the city core, cutting down travel times, and allowing entry-level Downtown workers to live and work in the same nieghbourhoods. Developers Reliance Properties and ITC Construction Group are behind the project, which was approved by city council in 2008.
Source, Online Vancouver Sun Article: http://www.vancouversun.com/technology/Drawings+reveal+inside+look+Vancouver+micro+lofts/2483582/story.html