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?