[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.22″ custom_padding=”11px|0px|54px|0px|false|false” global_colors_info=”{}”][et_pb_row admin_label=”row” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_padding=”0|0px|27px|0px|false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”3.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”]<\/p>\n
By Jennifer Lynn Walker <\/span><\/p>\n Quebec\u2019s population is aging and, these days, it\u2019s likely our elders will live longer. Almost 20 percent of Quebeckers were retirement age or older in 2016. That number will grow to more than a quarter of the population by 2036, according to the Quebec Institute of Statistics. \u00a0<\/span><\/p>\n Given this trend, families are starting to consider adding an apartment to their home for aging family members. It cuts the overall family housing costs and provides an opportunity for mutual assistance. <\/span><\/p>\n Also, these suites can provide an affordable housing option for young family members or for those who have special needs. <\/span><\/p>\n Sometimes we do things out of need and not because we are hoping to increase the resale value of our homes. But let\u2019s take a minute to consider the question. Will adding an extra suite to your home pay off when it comes time to sell the house? Will it boost you home’s value?<\/span><\/p>\n Centris\u00ae<\/a>,<\/span> Quebec\u2019s search engine for real estate that has been sold by professional real estate brokers, recently added the term \u201cintergenerational home\u201d to its list of search categories. <\/span><\/p>\n The Qu\u00e9bec government defines an intergenerational home as a housing concept that enables a family to live with their aging parents in a single-family home. The home is composed of two independent dwellings of different sizes. <\/span><\/p>\n Centris analysts say these units most often consist of an addition to the side of the house. Though they can also be an added second story, a converted basement, or an enlarged main floor. The two dwellings share an address, which makes this arrangement different from a house with multiple apartments. \u00a0<\/span><\/p>\n Marie-Claude Giguere, a retirement living specialist who is also a chartered real estate broker and founder of HelpingSeniors.ca, says she doesn\u2019t see a shortage of available housing for senior citizens right now. <\/span><\/p>\n Yet, the fact that Centris recently added the category to its website shows there is demand for intergenerational homes.<\/span><\/p>\n <\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row use_custom_gutter=”on” gutter_width=”1″ _builder_version=”3.25″ custom_padding=”0|0px|42px|0px|false|false” global_colors_info=”{}” column_structure=”1_2,1_2″][et_pb_column type=”1_2″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2018\/09\/Jennifer-Lynn-Walker-Image.png” align_tablet=”center” align_last_edited=”on|desktop” _builder_version=”3.23″ max_width=”66%” custom_margin=”15px||” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″ text_font=”||||||||” text_text_color=”#000000″ header_font=”|600|||||||” header_text_color=”#000000″ header_font_size=”25px” header_4_font=”Alegreya||on||||||” header_4_text_color=”#aaaaaa” header_4_font_size=”25px” header_5_font=”||||||||” header_5_text_color=”#e02b20″ header_6_font=”||||||||” header_6_text_color=”#e02b20″ custom_margin=”45px|||” animation_style=”slide” animation_delay=”400ms” animation_starting_opacity=”100%” global_colors_info=”{}”]<\/p>\n Jennifer Lynn Walker has specialized in buying and selling both residential and multiplex properties since 2003. She’s built a strong network of specialist, to give her clients a seamless experience throughout the real estate journey. Founder of\u00a0Montreal Real Estate Investor\u2019s Group, and Jolly Green Homes.\u00a0\u00a0<\/em>How can I help you today?<\/a><\/strong><\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”3.25″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″ global_colors_info=”{}”]<\/p>\n The latest report from the Quebec Federation of Real Estate Boards, based on transactions from the real estate brokers\u2019 Centris system, says the intergenerational home market has generally performed better than the single-family home market over the past six years. But proportionally, this new market is still pretty small and growing slowly, reaching 3.2 percent of all Quebec\u2019s single family home sales in 2015. Price-wise, the report says the median for intergenerational homes was nine percent higher than that of conventional single-family homes. <\/span><\/p>\n The average selling time for an intergenerational home on the island of Montreal in 2020 was 110 days. Whereas a regular home took 55 days to sell. <\/span><\/p>\n Considering the specialty of the home, it seems that adding an intergenerational suite will likely make an impact on re-sale value. <\/span><\/p>\n\u2018Intergenerational Home\u2019: a new search category on Centris <\/b><\/h4>\n
MEET JENN<\/h1>\n
Real Estate Broker & Educator<\/h4>\n
Market for Intergenerational Homes Growing Slowly \u00a0<\/b><\/h4>\n