In today’s changing housing market, more families are discovering the benefits of multi-generational living. Whether it’s grandparents moving in to be closer to their grandchildren, adult children staying home longer, or families simply wanting to share resources, multi-generational homes are becoming one of the most sought-after property types.

That’s where Victoria Fung, your trusted local realtor, comes in. With years of experience helping families find homes that truly fit their lifestyle, Victoria specializes in guiding clients through the unique needs of multi-generational living.

Why Choose a Multi-Generational Home?

Multi-generational homes offer much more than extra bedrooms:

• Stronger Family Bonds – Living together allows families to stay connected, share experiences, and support each other through different stages of life.

• Cost Savings – Shared expenses for housing, utilities, and groceries can ease financial pressure and help families build wealth together.

• Flexibility of Space – Many homes today are designed with in-law suites, separate entrances, or basement suites—perfect for privacy and independence under one roof.

• Future-Proofing – Having a flexible floor plan means your home can adapt as your family grows and changes.

How Victoria Fung Can Help

Finding a multi-generational home isn’t always simple. It requires a realtor who understands the specific details families need to consider, such as:

• Layouts that allow for both shared and private spaces

• Accessible design for seniors

• Legal secondary suites or rental potential

• Locations close to schools, parks, and healthcare

Victoria takes the time to listen, learn, and match you with homes that balance comfort, privacy, and practicality. Her compassionate approach ensures that every generation feels heard during the buying process.

Victoria’s Commitment to Families

As a Realtor Who Cares, Victoria believes a home isn’t just about square footage—it’s about creating a space where memories are built and family thrives. She’s helped countless clients navigate the transition to multi-generational living, offering advice not only on homes but also on making the adjustment smooth for everyone involved.

Ready to Find Your Multi-Generational Home?

If you’ve been considering a move that brings your loved ones closer together, now is the perfect time to explore your options. Victoria Fung can guide you through the entire process—from exploring neighborhoods to negotiating the best deal.

📞 Phone: (778) 389-7683
📧 Email: victoria@victoriafung.ca
👉 Learn more at victoriafung.ca

✨ With Victoria Fung by your side, your next move won’t just be about finding a house—it will be about creating a home that works for every generation of your family.

When Is the Right Time to Sell Your Home in Retirement?

Deciding when to sell your home in retirement is a significant choice that hinges on various personal, financial, and market factors. For residents in Burnaby and the broader Lower Mainland, this decision is particularly pertinent given the area's dynamic real estate market.

🏡 Why Consider Selling?

1. Financial Freedom

Selling your home can unlock substantial equity, potentially eliminating mortgage payments and reducing monthly expenses. This influx of cash can bolster your retirement savings, fund travel, or support family members. In a strong seller's market, you might achieve a favorable sale price, maximizing your financial gain.

2. Reduced Maintenance and Costs

Larger homes often come with increased maintenance, property taxes, and utility bills. Downsizing to a smaller, more manageable property can alleviate these burdens, allowing you to enjoy a simpler lifestyle.

3. Lifestyle Alignment

As needs evolve, so should your living situation. Selling your current home can facilitate a move to a location closer to family, healthcare facilities, or recreational activities that enhance your retirement experience.

⚠️ Considerations Before Selling

1. Emotional Attachment

Long-term homes are often filled with memories. It's essential to assess whether you're ready to part with these emotional ties and embrace a new chapter.

2. Market Timing

Real estate markets fluctuate. While selling in a seller's market can be advantageous, waiting for an optimal time might yield better returns. However, attempting to time the market can be risky.

3. Relocation Costs

Moving involves expenses beyond just the sale price, including agent fees, repairs, and potential renovations. It's crucial to factor these costs into your decision-making process.

📅 Ideal Timing

Many retirees consider selling between ages 65 and 75, often prompted by lifestyle changes or health considerations. This proactive approach can provide more control over the transition.

🧭 Need Guidance?

Navigating the decision to sell your home in retirement requires careful planning and expert advice. As a seasoned realtor in Burnaby, I can help you assess your options, understand market conditions, and make informed choices that align with your retirement goals.

Contact Victoria Fung

If you're contemplating selling your home in retirement, reach out today. Together, we'll explore the best options tailored to your needs and aspirations.

And Why More Burnaby Families Are Embracing This Living Style

In response to rising housing costs, evolving family needs, and a desire for closer support systems, multi-generational living is rapidly gaining popularity—particularly in cities like Burnaby, where both space and community values make this lifestyle attainable and practical.

But what exactly is a multi-generational home—and why are more buyers and investors seeking out this property type?

Defining a Multi-Generational Home

A multi-generational home is a single residential property designed or adapted to accommodate two or more generations of a family living together under one roof.

This could mean:

• Aging parents sharing space with their adult children and grandchildren.

• Adult siblings co-owning a property with their families.

• Young couples are moving in with parents to save for their first home.

What makes these homes unique is the thoughtful use of space—offering shared common areas alongside separate private spaces for each generation.

Why Multi-Generational Living Is on the Rise

1. Affordability and Economic Advantage

With Metro Vancouver’s high housing prices, pooling financial resources allows families to access larger homes or better locations that may be unaffordable individually. Co-owning a property can also ease mortgage qualification and maintenance costs.

2. Family Care and Support

Multi-generational living fosters built-in caregiving—whether for elderly parents, young children, or family members with special needs. For many immigrant families and cultural groups, this model reflects long-held traditions of shared living and mutual support.

3. Efficient Use of Housing

Many older single-family homes in Burnaby have large footprints but underused space. Renovating or redesigning these homes to support multiple generations makes more effective use of existing land and improves long-term value.

What Do Multi-Generational Homes Look Like?

Multi-generational homes come in several formats. In Burnaby, common examples include:

• Homes with legal secondary suites (basement or garden-level)

• Duplexes or triplexes with private entries

• Properties with laneway or carriage homes

• Custom new builds with multiple kitchens or in-law suites

Burnaby’s Housing Choices program is also expanding zoning allowances for gentle density, making it easier to add secondary suites or infill homes on qualifying lots.

Key Considerations When Buying a Multi-Generational Home

If you're considering purchasing a multi-generational property, here are a few important points to keep in mind:

• Zoning & Permits: Ensure the property is zoned to allow multiple units or legal suites.

• Layout & Privacy: Look for homes with separate entrances, private bathrooms, and kitchens or kitchenettes to ensure comfortable shared living.

• Long-Term Flexibility: Consider how your family’s needs may change over time—whether that’s accommodating aging parents or eventually renting out a portion of the home.

• Financing: Speak with a mortgage broker familiar with co-ownership models or rental income qualification strategies.

Burnaby: A Growing Hub for Multi-Generational Housing

As one of Metro Vancouver’s most dynamic cities, Burnaby offers excellent opportunities for families seeking multi-generational properties. Key benefits include:

• Proximity to top schools, transit, and healthcare facilities

• A mix of older, generously sized homes ideal for renovation

• Growing inventory of new builds with legal suites or laneway home potential

• Local policies supporting diverse housing forms

Neighbourhoods such as Burnaby Heights, Edmonds, and South Slope are especially well-suited for multi-generational living due to lot sizes, access to amenities, and zoning flexibility.

Work with a Realtor Who Understands Your Family’s Needs

Navigating a multi-generational purchase requires careful planning, attention to zoning bylaws, and a deep understanding of the local market. As a Multi-Generational Home expert, I help families identify the right properties, understand their options, and make confident decisions—whether they’re buying together for the first time or modifying an existing home to suit evolving needs.

📞 Let’s connect:
I'm happy to provide tailored recommendations, property tours, or zoning insights for your specific goals.

📧 victoria@victoriafung.ca
📱 (778) 389‑7683

Helping Burnaby families live better—together.