Calgary Real Estate Market: Secondary Suite Is The Modern Trend

Dated: August 27 2021

Views: 4

Over the past few years, Calgary has witnessed an ongoing, and sometimes fierce, public debate on the topic of secondary suites in single-family homes.  The debate is fueled by a number of factors, including economic and lifestyle trends that are driving the increased demand for legal secondary suites in the existing Calgary real estate housing market.

At first glance, secondary suites seem like a throwback to a bygone era when the extended family housing model was commonplace, but there is nothing old-fashioned about the secondary suites built into contemporary construction.  These apartments have everything needed for independent living and offer a great way to enjoy all the benefits of an extended family lifestyle while preserving privacy at the same time.

Owning a home with a fashionable, legal secondary suite allows families to experience the luxury of accommodating young adults and elderly family members under the same roof.  Multiple generations can live together, learn from, and support one another while retaining the ability to retreat to their own private space.

The 2016 Statistics Canada Census data shows that 1 in 3 Canadians between the ages of 20 and 34 live with their parents.  This number has been on the rise since 2001.  Housing affordability is a driving force behind the trend.  Another reason is that in an increasingly competitive job market, young adults are pursuing multiple advanced degrees before striking out on their own.   A secondary suite offers parents and children the best of all worlds and the ability to keep your loved ones close, but not too close.

On the other end of the spectrum, secondary suites are an attractive option for older adults looking to “age in place.”  Comfortable, private apartments in the homes of their children allow seniors to age comfortably and gracefully while lending a hand with child care and other family duties.  Children can rest comfortably knowing their beloved parents are right downstairs should they require assistance.  The economic benefits of reduced living expenses are shared by all.

Even the closest of families can develop a conflict with one another at times.  People can become particularly sensitive when they feel they lack privacy and a sense of independence in their lives.  Secondary suites allow families to acknowledge valid issues while offering a solution.  Whether you are 21, 81, or somewhere in between, we all need privacy and quiet time in addition to the love, support, and companionship of extended families.  Secondary suites offer a perfect solution for Calgary housing challenges confronting modern families.

 

Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-465-0210 or at TheHowardTeam.net.

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.

Blog author image

Bryon Howard

From a very young age, I had determined that I wanted to be in the eco-tourism / adventure business. I would take small groups of people into communities in interesting parts of the world. I would ass....

Latest Blog Posts

Last nights bicycle ride – The Wednesday Night Jam

I look forward to the Wednesday Night Jam, a ‘unofficial bicycle’ race – which consists of many guys in Cat 1/2, and lots of guys with good fitness from Cat 3 to 5. I begin

Read More

The Upside of Downsizing (For Young Families Too!)

The decision to downsize to a new living arrangement may be one of the best decisions you ever make. The advantages are numerous and you do not have to wait for years to reap the benefits. As a

Read More

Buying the Home You Want

The home buying process can be very exciting…choosing the neighbourhood you want to live in, scouring through listings and checking out weekend open houses to find the home of your dreams. I

Read More

The Anatomy of an Agreement to Buy or Sell

When buying or selling a home, one of the most important documents you will have is the Agreement of Purchase and Sale, also commonly referred to as the “Offer”. This legally binding

Read More