As housing prices continue to skyrocket and the inventory of Canadian homes becomes increasingly smaller, multi-generational homes have begun to experience a renaissance. Parents and adult children as well as grandchildren are coming together to live under one roof.
To learn more about the impact this lifestyle trend is having on the home renovation industry, eieihome.com went to Vadja Jericevic, President and CEO of Modular Home Additions LTD.
Previously, the Canadian version of multigenerational living typically meant that a grown child had taken up residence in the basement of his or her parents’ home; however now, that is not always the case.
“In-law basements suites are not that common anymore,” Jericevic tell us. “Most often side, back or 2nd floor additions are discussed in cases where two families will be living together”.
In many households, the home’s living room, dining room and kitchen are shared, with the addition providing a separation of the sleeping and bathing quarters.
“[Older] parents usually get [a bedroom and separate bath] on the main floor in order to avoid the stairs, and the younger part of the family gets to climb to their bedrooms,” Jericevic says.