Real estate prices may have declined, the country is also expected to head into a recession. Coupled with high gas prices and inflation, many Canadians will continue to experience ongoing difficulties in acquiring affordable rental housing or home ownership.
Innovative solutions are needed to provide long-term housing security. For some families, the solution is to create secondary units in their homes – whether that’s to provide affordable housing for their adult children, safe housing for their aging parents or loved ones with disabilities, or to have another source of income to mitigate the rising costs of living.
Hamilton resident Sean Mougenot is working with his in-laws to renovate their home and create a multi-unit dwelling for the entire family to live in. It’s a win-win for all: Mougenot, his wife, and 8-year-old son can live in his in-laws’ four-level back-split while his in-laws will have the comfort of having them close by if they’re needed. His father-in-law has Alzheimer’s disease and his mother-in-law has difficulty with stairs. The house will be renovated so that his in-laws will have their own separate unit.