By Stephen Rolston, Found of Land Ark Homes
Sky-high home prices in places like Oakville, Mississauga and the rest of the GTA are causing people to think creatively about homeownership.
People are doing what I did to afford my first home: I got roommates.
Almost one million homes in 2021 were shared by multiple generations, two or more families, or a family with unrelated individuals. This represents a 45% rise in such living arrangements over the past 20 years, according to 2022 Statistics Canada data.
An Ipsos Reid market research survey found that 80% of young people under 40 have given up on the idea of homeownership.
That’s certainly what we’re seeing in the GTA. The price of home ownership is beyond what many people think they will ever be able to afford.
Some are finding new hope in Westport. Westport is the perfect little small town in cottage country in Eastern Ontario.
For the first time, you can live in this idyllic village in a new Net Zero Ready home built by a small, semi-custom, award-winning homebuilder. We only build two homes a month. You can trust that they are built right!
We help young families the same way I got my first home – by having roommates. Our homes offer the option of multi-generational living for two families in one home. We have homes ranging from 1,000 sq ft bungalows to almost 4,000 sq ft two storey’s, if we finish the lower level living area.
We turn a typically dark, dank, dingy, mouldy basement into double the living space of the average bungalow with bright and beautiful 9’ high concrete poured basement walls. Young people like my three sons, can live in the lower level suite with spray foam under the floor slab, triple pane casement windows, stone window wells, or walk-out basements so that privacy and mutual enjoyment can be had in one home by renting out the upstairs. I invite you to come and see us. I would love to show you a better place to call home.