Such arrangements also allow families to create a supportive community among its generations. “An alternative to this is pooling resources and purchasing homes that house multiple generations.” “The pandemic really showed families the challenges of placing their aging family members in long-term care homes, whether that meant not being able to see their loved ones or the fast transmission of illnesses,” Smith says. The firm believes the growing phenomenon will become more frequent in Canada’s urban and surrounding areas.Ĭanada’s aging population is also contributing to the trend. In its 2021 Mid-Year Canadian Luxury Real Estate Market Report, Engel & Völkers found multi-generational living has been growing in popularity throughout the pandemic.
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