Housing costs push more buyers to consider multigenerational homes: RBC

Over half of prospective Canadian homebuyers would consider multi-generational living, with 74% of first-time buyers preferring homes they can stay in longer. Many current homeowners find moving up the property ladder difficult, with financial constraints limiting upgrades. Prospective buyers are split on the risk of buying now versus waiting. Homeowners face stress and financial pressure around mortgage renewals, with concerns about rising interest rates.