From graduates moving back home after finishing post-secondary school, to elderly parents living with their adult children, more Canadians are choosing to cohabitate with family members.

Although the tradition of generations residing together under one roof is not a new concept, the trend has become more common in North America in recent years. In an effort to communally raise young children and care for elderly family members, as well as share housing costs in an increasingly competitive market, many Canadians are choosing to share their living space with relatives.

Though there are many financial and emotional benefits to living with family, the arrangement can feel chaotic at times if your home isn’t set up to function with multiple families. If you’re weighing the decision to cohabitate, here are a few tips on how to convert your home into a space that supports multi-generational living.

Include separation of space

Everyone needs their own downtime when living together, so it’s important to create a sense of privacy and separation when cohabitating with multiple families.

If space and budget permits, building a secondary unit on the property can offer the ultimate in-law suite or apartment for adult children. Converting your basement into a separate apartment with its own kitchenette, bathroom and living space is also a convenient way to provide separate living quarters within the same household.

If a major renovation isn’t on the cards, try adding some extra privacy through the use of interior soundproofing, room dividers and separate entrances. By building more than one entryway into the home, you can streamline the flow of foot traffic through multiple doors, while giving occupants a greater sense of autonomy.

Before undertaking any major renovation or construction project, contact your municipality’s building department to ensure you have obtained the correct permits and are informed of any additional requirements regarding separate entrances, addresses, utilities, etc.

Mindfully consider your layout

Living with multiple generations under one roof may require some creativity.

Multi-generational households may choose to include one or two bedrooms on the main level of the home in addition to the bedrooms upstairs. This is not only beneficial for elderly occupants who will find it easier to navigate one level, but can also provide some additional privacy by separating the bedrooms over two floors. If you live in a single-floor property, consider converting rooms on opposite sides of the home into bedrooms, if possible.

It’s also important to strike a balance between separation and togetherness. Open concept layouts in shared dining, living and kitchen areas offer a place for families to gather. Larger communal areas can not only accommodate more people, but also lend enough breathing room for wheelchairs, walkers and space for getting around furniture.

When living with many people, it’s important to maximize every square foot for multi-tasking too. Consider converting some of the underutilized spaces of your home – such as the attic, garage or den – into flexible spaces that can be adapted into areas for hobbies, a home office, a kids’ playroom, or extra storage.

Keep accessibility in mind

If your multi-generational household includes older family members, it’s crucial to think about their accessibility needs – today and in the future.

Layouts that include wider doorways and hallways, removing doors where possible and adding ramps or stairlifts, can be beneficial for those with mobility constraints. Consider the amount of space needed for mobility devices to comfortably turn circles in each room. Slip-resistant flooring like carpet, good lighting, grab handles and railings are also important to factor in when retrofitting your home for elderly occupants.

The Canada Mortgage and Housing Corporation (CMHC) offers online guides for designing accessible spaces in the home.

As of 2023, the federal Multigenerational Home Renovation Tax Credit is available as a refundable credit towards the creation of a secondary unit that a ‘qualifying individual’ will live in, such as a parent, grandparent, sibling or spouse. The credit is applicable on the renovation of, or addition to, an eligible dwelling that a qualifying individual will reside in. Applicants can claim up to $50,000 in rebates during the taxation year in which the renovation period ends.

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Here's a snapshot of the May 2023 market stats for Caledon!

May 2023 vs. May 2022
The number of active listings in Caledon increased by 2.08% in May 2023 over the same month in 2022. The number of listings that came on the Toronto Regional Real Estate Board in May 2023 vs. May 2022 decreased by 20 homes or 7.58%. The number of homes sold decreased by 32 homes or 41.56%. The average days on the market increased from 13 days to 17 days. Average sale prices were down by 21.62%.
Year to Date 2023 vs. Year to Date 2022
The number of homes listed in Caledon, year-to-date decreased from 987 to 805, which is a decrease of 18.44%. The number of homes sold decreased by 73 homes or 16.52%. The average days on market increased by 13 days to 25 days. Average sale prices were down by 23.28%
As always, if you have any questions about the market or are looking to buy or sell, feel free to reach out to me. ????‍
Let's make your real estate dreams a reality!
Cheryl
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April 2023 market stats for Caledon at a glance:


* The Average sale price was $1,435,851 which was down by 18.97%.
* Active listings in Caledon were 201 which increased by 12.92% in April 2023 over the same month in 2022.
* Number of listings in April 2023 vs. April 2022 was 157 that decreased by 33.76%
* The number of homes sold was 78 which decreased by 21.21% over last year.
* The average days on the market increased to 23 days, a 64% change over last year.

As always, if you have any questions about the market or are looking to buy or sell, feel free to reach out to me. Enter Blog Post Here
 
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Through contributions from thousands of Royal LePage agents and supporters, the Royal LePage Shelter Foundation raised $3.3 Million in 2021 in support of women’s shelters and domestic violence prevention programs from coast-to-coast. This has been one of the most significant fundraising results in the nearly 25-year history of the charity. Since its inception, the Foundation has raised a remarkable $38 Million and Royal LePage continues to lead as the only Canadian real estate company with its own branded charity. 

“Thousands of the Royal LePage faithful, their families, their clients, and their friends, worked together during this challenging pandemic year to support women and children in desperate need of safe shelter,” said Phil Soper, president and CEO, Royal LePage. 

Soper was among the 60 Royal LePagers who participated in the 2021 Challenge for Shelter, climbing the British Columbia Purcell Mountains in support of the cause. This bi-annual fundraiser has raised $3 Million to date. 

The foundation is the largest of its kind in Canada dedicated to eradicating violence and supporting women and children seeking safe shelter and a life free of abuse.

What makes the Royal LePage Shelter Foundation truly impactful is that Royal LePage pays all administration costs of the Foundation so that 100 per cent of funds raised go directly towards the cause,” said Lisa Gibbs, Executive Director, Royal LePage Shelter Foundation. “The long-standing relationships in the community between Royal LePage brokers and agents and their shelter partners is a bond, built on commitment and passion for living healthy, happy lives free of violence.”

Purcell Mountains Challenge for Shelter, August 2021

Along with hundreds of local shelter partners, the Canadian Women’s Foundation, Women’s Shelters Canada, the Assaulted Women’s Helpline, TD Bank, Sagen and other critically important organizations, The Royal LePage Shelter Foundation is working to make home a safer place for everyone.

Royal LePage offices across Canada partner with local women’s shelters to provide financial and in-kind support through local fundraising events and commission donations. All funds raised by brokerage offices remain within the communities in which they serve. Royal LePage pays all administration costs of the Foundation so that 100 per cent of funds raised go directly towards the cause.

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