Multi Generational Living in Saskatoon: Solutions for Family Living

Multigenerational living isn't just a passing trend—it's a meaningful shift in how Saskatoon families are choosing to live, support each other, and invest in real estate. Whether it's adult children living with their parents to save for a home, aging parents moving in for care, or families pooling resources to purchase a larger property, the demand for multigenerational homes is steadily rising.

Why It’s Growing in Saskatoon

In 2025, several key factors are driving this trend locally:

• High interest rates: Families are combining incomes to afford higher-value homes with more space.

• Cultural preferences: Saskatoon's growing immigrant population often values co-living arrangements.

• Aging population: Seniors are choosing to live with children rather than move into retirement homes.

• Rental pressures: Students or young professionals may live at home longer due to tight rental supply near the U of S.

This movement isn’t only about necessity—it’s also about connection, care, and convenience.

Features to Look For

When shopping for a multigenerational home in Saskatoon, look for these key features:

• Separate entrances: Ideal for privacy and flexibility.

• Multiple kitchens or wet bars: Allows for independent meal preparation.

• Dual laundry setups: Increases autonomy between generations.

• Main floor bedrooms: Perfect for elderly parents or accessibility needs.

• Basement suites (legal or non-conforming): Add value and flexibility, whether for family or future rental.

Neighbourhoods like Stonebridge, Evergreen, and Willowgrove offer modern, spacious homes that cater well to multigenerational living.

Financing Tips for Multi-Family Buyers

Financing a larger home with multiple incomes has unique advantages. Here’s what to consider:

• Combined income qualification: Mortgage brokers can help families leverage total household income.

• Gifted down payments: Common in multigenerational arrangements.

• Rental offset rules: If you rent part of the property (e.g., to a family member), some lenders will factor that income in.

It’s crucial to work with mortgage professionals familiar with non-traditional buyers and custom solutions.

Selling a Multigenerational-Friendly Home?

Sellers can tap into this expanding buyer segment by staging homes to reflect flexibility:

• Convert offices into bedrooms

• Highlight basement suite functionality

• Use signage and open house materials to show possible layout configurations

Including terms like "multigenerational potential" or "ideal for extended families" in your listing description can dramatically improve reach and click-through rates.

Final Thoughts

Multigenerational homes offer a smart, values-driven solution in today’s evolving housing landscape. Whether you're a buyer seeking long-term stability and space, or a seller ready to market your home's full potential, embracing this trend can yield both lifestyle and financial rewards. Reach out today to explore listings or prepare your home for this high-demand segment.