A pandemic-driven housing trend: Multigenerational Living

The pandemic has changed a lot of real estate trends, one of the lesser known of which is multigenerational living in luxury homes.



This usually consists of 3 generations and are most common in Sino and Indo Canadian communities. However, the COVID-19 crisis has taken it to a whole new level.

With the pandemic, people want to have all their family members under the same roof for security purposes, for lack of confidence in long-term care facilities.

Because we are having 3 generations under 1 roof, the homes tend to be no smaller than 6,500 square feet, and typically come with large bedrooms, amenities like home gyms,  pools and tennis courts, and there's even demand for home elevators to accomodate the elderly.

Will this trend continue after the pandemic subsides? Or will it ever subside?

Comments:
No comments

Post Your Comment:

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.