Mom and Dad, Would you Folks, Like to Move in With Us?
That question is being asked more and more in Ottawa. Multigenerational living is not a new idea and is growing. According to Statistics Canada, “The most recent population estimates point to the continued rapid ageing of the Canadian population. The ageing of the baby boom generation (1946 to 1965), who make up a significant share of the population (25.6%), further accelerates the actual ageing of the population”.
Many societies around the world live in multigenerational households. This is where at least three generations of a family are living under the same roof. These households represented only 2.9 percent of all Canadian households four years ago. They are now growing very quickly. Canada has seen a 40% rise in multigenerational households. Last year, Statistics Canada reported 2.2 million people, lived in a multigenerational home.
Why is it growing so quickly?
- The high cost of housing
- Up to 50% of young adults still live with their parents
- Housing becomes more affordable as the cost per person is reduced with a large family
- The high cost of babysitting and daycare, now grandparents can help
- Adult children can look after older frail parents, in their own home
- Parents and grandparents are joining new Canadians with multigenerational living households
- Newcomers to Canada represent one in every five home buyers
- Retired grandparents, who are among the fastest-growing groups in Canada, cannot afford to live in their own homes
- All can share financial expenses and household maintenance
- Living together can strengthen relationships and is an exceptional experience for grandchildren and grandparents
- No lease or legal structure necessary for these living arrangements
- As housing prices increase there will be more multigenerational households
Types of Multigenerational Households
Multigenerational families are larger and therefore require more living space. There are many ways that families can live under the same roof:
- Mom and Dad have a room and share all the other facilities in the home
- Separate in-law suite with kitchen and bathroom
- As small separate one or two-storey home connected to the main house
- Large suburban homes with four to five bedrooms
- The parents have suites which are a home within a home, own private entrances, separate living, eating areas
- Specially designed and built houses for the three generations which can be in a planned neighbourhood
- Two condos built together with one large centrally connected kitchen
- Children and grandchildren return to their grandparents’ home; renovations can be involved
The Best Solution for our Family
The demand for multigenerational households is one of the most dynamic changes in the Ottawa real estate scene. Review all your options and always consider if more family members may be joining you from across Canada or from other countries. How to find out which is the best type of home for your multigenerational household? The best way to keep up to date with all changes is to find a professional Real Estate Agent REALTOR®.