Multigenerational home buying is no longer just a backup plan—it's quickly becoming a preferred lifestyle choice across Canada, and especially in Saskatoon, Saskatchewan. Whether it’s to reduce housing costs, support aging parents, or build a closer family unit, more people are looking for Saskatoon houses for sale that accommodate extended families.
According to Statistics Canada, households made up of three or more generations have increased by 45% over the last two decades. And in today’s housing market—where affordability is top of mind for many—multigenerational living in Saskatoon offers a practical way to buy a more spacious, functional, and financially accessible home.
Let’s explore what you need to know to make multigenerational home buying in Saskatoon a smooth experience.
Why Multigenerational Living Is On the Rise in Saskatoon
From rising housing prices to cultural preferences and shared responsibilities, there are many reasons families are turning to multigenerational living:
Younger buyers can share down payments and mortgage costs
Seniors can age in place with the support of loved ones
Families can reduce the costs of childcare and home maintenance
And it's not just about saving money. Research shows multigenerational families often report better health outcomes, stronger emotional support systems, and more financial stability.
If you're ready to explore homes for sale in Saskatoon or surrounding areas like Warman or Martensville, a well-planned multigenerational purchase could open up exciting possibilities.
Step 1: Start With Family Conversations
Before beginning your search for real estate in Saskatoon, gather all key decision-makers and discuss your goals:
Why are you buying a multigenerational home?
What compromises are you each willing to make?
How do you envision daily life in a shared home?
Talk about potential challenges such as privacy, finances, and accessibility. Do you need separate entrances? Multiple kitchens? A bedroom on the main floor for elderly family members?
➡️ Need help navigating the market? Download The Ultimate Saskatoon Home Buyer’s Guide for insider tips.
Step 2: Build a Budget and Use the Saskatoon Mortgage Calculator
A combined family budget often allows for a bigger purchase—but it’s important to consider both upfront costs and long-term maintenance.
Use the Saskatoon Mortgage Calculator to understand what you can comfortably afford. Then, speak with a lender about mortgage options such as:
Joint Tenancy: Equal ownership and shared mortgage responsibility
Tenants in Common: Unequal ownership and flexible mortgage shares
Also, discuss title agreements and exit strategies to avoid complications later.
➡️ Pro tip: Make sure all credit reports are up to date. If you need help, read our blog Boost Your Credit Score Before Buying a Home in Saskatoon.
Step 3: Identify Ideal Home Features for Multigenerational Families
When looking at Saskatoon homes for sale, keep these features in mind:
Multiple ensuite bathrooms
Finished basements or accessory dwelling units (ADUs)
Homes with separate entrances or duplex-style layouts
First-floor bedrooms and accessible bathrooms
If aging in place is part of your plan, future-proof your home by prioritizing ease of access and open layouts. Consider properties in Warman or Martensville if you want more space at a lower cost.
➡️ Not sure where to start? Cindy can offer free consultations and local neighborhood insights to help you find the perfect fit.
Step 4: Be Strategic With Your Home Search
Inventory moves quickly, so it’s smart to prepare in advance. Here's what to do:
Get pre-approved for a mortgage
Make a clear list of must-haves vs. nice-to-haves
Be open to fixer-uppers or homes with renovation potential
You may also qualify for Canada’s Multigenerational Home Renovation Tax Credit, which can help cover the cost of retrofitting or adding an in-law suite.
➡️ Considering a fixer-upper? Learn why a home inspection is critical in our blog Why a Home Inspection is Essential Before Buying in Saskatoon.
Final Thoughts: Is Multigenerational Living Right for You?
For many families, multigenerational living is not just a money-saving strategy—it’s a lifestyle upgrade. Sharing space with parents, children, or even close friends can bring emotional support, cost-sharing, and flexibility.
If you’re ready to explore Saskatoon houses for sale, condos for sale in Saskatoon, or homes in Warman or Martensville, I’d love to help you find a property that meets everyone’s needs.
Let’s chat about your goals and build a plan that works for your whole family. 🏡
Additional Resources:
This blog is intended for informational purposes only and should not be considered legal, financial, or tax advice. Please consult appropriate professionals for personalized recommendations.
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