TORONTO – A recent Royal LePage survey shows that more Canadians are co-owning homes with family members or friends.<\/p>\n
The online survey, conducted by Leger between Aug. 10 and Aug. 21, shows six per cent of respondents co-own homes with someone other than their spouse.<\/p>\n
Eighty-nine per cent of respondents bought the home with a family member, seven per cent with friends and eight per cent with someone who is not a friend or family.<\/p>\n
Karen Yolevski of Royal LePage Real Estate Services Ltd. says that multi-generational households are now the fastest-growing household type in Canada and the decision is increasingly made for financial reasons, with 76 per cent of co-owners saying affordability was a driving factor.<\/p>\n
She says increasing home prices and interest rates with higher thresholds for mortgages are making Canadians pool their resources to buy a property.<\/p>\n
Yolevski says co-owning a property with friends or family is not simple, as it comes with meaningful lifestyle changes and in-depth conversations over financial, legal and personal obligations.<\/p>\n
This report by The Canadian Press was first published Aug. 31, 2023.<\/p>\n
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TORONTO – A recent Royal LePage survey shows that more Canadians are co-owning homes with family members or friends. The online survey, conducted by Leger between Aug. 10 and Aug. 21, shows six per cent of respondents co-own homes with someone other than their spouse. Eighty-nine per cent of respondents bought the home with a […]<\/p>\n","protected":false},"author":362,"featured_media":1438,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"guid":"","source":"The Canadian Press","byline":"The Canadian Press","published":"2023-08-31T07:29:38","updated":"2023-09-02T12:30:00","_infotelid":"IT100283","_prepressid":"100283","_multisite_post_sync":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[542,2,552,543],"tags":[],"region":[322,323,324,325],"class_list":["post-1439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured4","category-inhome","category-nonit","category-topnews","region-kamloops","region-kelowna","region-penticton","region-vernon"],"blocksy_meta":[],"jetpack_featured_media_url":"https:\/\/staging.infonews.ca\/inhome\/wp-content\/uploads\/sites\/4\/MediaItemID100283-3832.jpg","post_modified":"2023-09-02T12:30:00","post_modified_gmt":"2023-09-02T19:30:00","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/posts\/1439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/users\/362"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/comments?post=1439"}],"version-history":[{"count":2,"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/posts\/1439\/revisions"}],"predecessor-version":[{"id":6381,"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/posts\/1439\/revisions\/6381"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/media\/1438"}],"wp:attachment":[{"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/media?parent=1439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/categories?post=1439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/tags?post=1439"},{"taxonomy":"region","embeddable":true,"href":"https:\/\/staging.infonews.ca\/inhome\/wp-json\/wp\/v2\/region?post=1439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}