A tough housing market could revive multigenerational homes, poll suggests
More than half (53 per cent) of respondents looking to buy a home within the next two years said they would consider living in a multi-generational home, a new poll said.
A new poll by the Royal Bank of Canada reveals that Canadians facing a tough housing market are considering living with their parents to afford a home. The survey found that over half of prospective homebuyers (53 per cent) would consider multi-generational housing, with 34 per cent citing housing affordability as the main reason.
However, only 35 per cent of current homeowners would sell their homes to help their children enter the market. The poll also found that 74 per cent of homebuyers would prefer a larger home they can stay in longer, rather than a starter home that they will outgrow.
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