Lately, I’ve seen more families in Vancouver exploring multi-generational living as a way to meet both financial needs and family priorities. Rising affordability pressures are leading many to pool resources and think creatively about homeownership—something I’ve witnessed firsthand over my 30 years in real estate. I remember the joy of helping three generations find a home where everyone could truly belong, and it’s a reminder of how meaningful these decisions are.
For first-time buyers planning to purchase within the next two years, I’m noticing a trend: they’re looking for homes that can serve them long-term, even if it means stretching the budget further. The journey to homeownership is taking longer these days, with many non-owners expecting to wait much longer than those who bought in the past—and some still haven’t set a target date at all.
When families choose to buy together, it’s important to start early conversations about finances, taxes, resale options, and inheritance. These choices are complex but can lead to lasting rewards. On the flip side, current homeowners facing mortgage renewals in the next two years are feeling the pinch of rate expectations, which is putting extra strain on household budgets and highlighting the importance of proactive renewal planning.
Every family’s journey is unique, and I’m grateful to help guide these conversations so more people can experience the pride of homeownership.
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