Category Archives: Real Estate 101

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An intergenerational home: Is it the right solution for you?

More and more families are tempted to purchase an intergenerational home. Defined by the government of Quebec as “a concept of housing that allows a family to cohabitate with its aging parents, in a single house composed of two independent units of different sizes”, this typically allows three generations to cohabitate. 

The market targets individuals from 35 to 50 years old and, at a time where the population is aging, the concept is increasingly popular. Especially present in the regions of the Laurentians, Lanaudière and Laval, intergenerational (or bigenerational) residences are sold at around $500,000 or about 15% higher than single-family and conventional homes. 

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