Developers take note: Canadians increasingly want homes large enough to house several generations.
According to a June 8 Coldwell Banker Real Estate LLC survey of its professionals across Canada and the U.S., realtors in both markets reported that in the past year more home buyers are looking for properties that can accommodate more than one generation.
“The main reason is financial,” said Coldwell Banker Canada president John Geha, who Business in Vancouver caught up with late June 8.
“The second reason would be that it’s traditional. Canada is a very international country, and in a lot of countries around the world, this is normal.”
Originally from the U.S., Geha is visiting Vancouver from Toronto.
He said the trend toward having baby-boomer parents or even grandparents live together is more pronounced in cities like Vancouver because its real estate prices are comparatively high…
Posted by: BIV Business Today
Date: June 9, 2010