A total of 1,749 intergenerational homes were sold in Quebec in 2020, a 43 per cent increase compared to 2019. However, this is a small proportion when compared to the total number of single-family home transactions in the province. The share of intergenerational homes was 2.3 per cent in 2020, compared to 1.9 per cent in 2019 and 2018.
The average price of intergenerational homes rose by 7 per cent in 2020 to reach $422,817. By comparison, the average price of single-family homes was lower, at $400,076, but registered a larger price increase (+ 25 per cent).
It took an average of 136 days for an intergenerational home to find a buyer in 2020, up 7 days compared to 2019. In comparison, it took an average of 68 days for a single-family home to sell, which is 25 days faster than in 2019.
The Laurentides administrative region registered the highest number of intergenerational home transactions in 2020, followed by the regions of Lanaudière and Montérégie. This is a trend that has been observed since 2018.
However, the administrative region of Capitale-Nationale registered the largest percentage increase in intergenerational home sales, at 87 per cent. Montreal and Lanaudière ranked second and third, with increases of 67 per cent and 52 per cent, respectively, compared to 2019.