{"id":88987,"date":"2024-08-26T11:19:45","date_gmt":"2024-08-26T15:19:45","guid":{"rendered":"https:\/\/www.rbcroyalbank.com\/en-ca\/?post_type=rbc_my_money_matter&#038;p=88987"},"modified":"2025-03-17T10:36:45","modified_gmt":"2025-03-17T14:36:45","slug":"housing-for-the-next-generation-could-be-in-your-own-backyard","status":"publish","type":"rbc_my_money_matter","link":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/buying-a-home\/home-building-and-renovations\/housing-for-the-next-generation-could-be-in-your-own-backyard\/","title":{"rendered":"Housing for the next generation could be in your own backyard"},"content":{"rendered":"<div class=\"wp-block-rbc-single-article-header\">\n\t<section class=\"section-grey cover pad-t-hlf\">\n\t\t<div class=\"section-inner w-half w-mob-full centered-margin cover section-grey pad-tb-0\">\n\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/remodeling-your-home\/\">\n\t\t\t\t\t\t\t<span>Remodeling your Home<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<h1 class=\"mar-b-hlf mar-t-0 mob-pad-lr-hlf h2 has-black-color\">Housing for the next generation could be in your own backyard<\/h1><p class=\"mar-b-0 mob-pad-lr-hlf author-text\">By Royal Bank of Canada<\/p>\t\t\t\t\t<div class=\"featured-image-wrapper pos-rel\">\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/08\/GettyImages-894678540.jpg?quality=80\" class=\" cover-image  wp-post-image\" alt=\"Happy multigenerational family of women posing in their living room.\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/08\/GettyImages-894678540.jpg 2121w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/08\/GettyImages-894678540.jpg?resize=300,200 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/08\/GettyImages-894678540.jpg?resize=768,512 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/08\/GettyImages-894678540.jpg?resize=1024,683 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/08\/GettyImages-894678540.jpg?resize=1536,1024 1536w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/08\/GettyImages-894678540.jpg?resize=2048,1365 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t<\/section>\n\t<div class=\"article mar-t-dbl\">\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner socials-section\">\n\t\t\t\t<div class=\"top-socials-bar mob-mar-b-hlf\">    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=Housing for the next generation could be in your own backyard &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/buying-a-home\/home-building-and-renovations\/housing-for-the-next-generation-could-be-in-your-own-backyard\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        <span>\n          Email        <\/span>\n      <\/a>\n      <div class=\"social-button-wrapper sharing-copy-wrapper\">\n        <button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/buying-a-home\/home-building-and-renovations\/housing-for-the-next-generation-could-be-in-your-own-backyard\/\">\n          <img decoding=\"async\"\n            src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n            alt=\"copy icon\">\n          <span id=\"sharing-copyUrl-Label\">\n            Copy URL          <\/span>\n        <\/button>\n        <input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n      <\/div>\n    <\/div>\n  <\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner w-half w-mob-full centered-margin pad-tb-0 mob-mar-t-hlf mob-mar-b\">\n\t\t\t\t<p class=\"cover-pub-line text-xs mar-b-hlf\">Published August 26, 2024 \u2022 5 Min Read<\/p>\t\t\t<\/div>\n\t\t<\/section>\n\t<\/div>\n<\/div>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner w-half w-mob-full\" style=\"border-radius:0x\">\n<div class=\"wp-block-rbc-rbc-block drop-shadow pos-rel top-line-blue block-wpr  mar-b-hlf\">\n<div class=\"wp-block-rbc-rbc-block-inner-block block-inner\">\n<h4 class=\"wp-block-heading\" id=\"h-tldr\">TLDR<\/h4>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Young people looking to buy or rent a home are finding the housing environment in Canada challenging.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Aging Canadians need housing solutions that address changing mobility needs.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Loosening zoning laws allow homeowners to convert their properties to multiple units or add new housing to existing land.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>You may have an opportunity to create a home for the younger or older generations of your family. Connect with a professional contractor to assess your living space.<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n\n\n<p>Canada\u2019s housing crisis is a hot topic and consistently grabbing headlines. If you have adult children looking to live on their own, or aging parents looking to downsize, housing availability is likely a major issue that\u2019s affecting your family. <em><\/em><\/p>\n\n\n\n<p>Looking for a way to help out? You may want to consider your existing home or land. It could be suitable to add new units by creating a multi-plex or a separate residential unit for family members to live. RBC offers <a href=\"https:\/\/www.rbcroyalbank.com\/mortgages\/building-your-own-house.html?utm_source=vanity&amp;utm_medium=marketing&amp;utm_campaign=mtg_constructionmortgage\" data-dig-id=\"LP-88987-a69dd1cc\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"financing\" class=\"rbc-link-format\">financing<\/a> to add a variety of new units on your property, such as laneway homes, garden suites, modular units, and other auxiliary dwelling units (ADUs), or to redevelop your home into a multi-unit property.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How to add housing units to your current property<\/h2>\n\n\n\n<p>Zoning laws in many municipalities across Canada have started to ease to allow homeowners to increase the number of units on their property. There are several ways you can go about adding units to yours, providing your local bylaws allow.<\/p>\n\n\n\n<p>One is by converting or redeveloping your existing home (or your second home) into multiple units \u2013 such as adding a basement apartment, converting a second floor into a separate unit, or converting the space over your garage into a self-contained living space.<\/p>\n\n\n\n<p>Another option is to build or otherwise add an external structure that sits on your property. In many parts of the country, garden suites are popping up in backyards of Canadian homeowners. These can be built from scratch, or come as prefabricated modular units that be placed, almost finished, on a property and completed on-site.<\/p>\n\n\n\n<p>And if you have a property with a laneway, you can add a laneway home or convert an existing laneway garage into a residential unit.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Advantages<\/h3>\n\n\n\n<p>There are a few potential benefits to adding units to your property. Perhaps most notably, you can custom-create a space for your adult children that gives each of you privacy and suits their specific needs. Depending on how you structure the financial side of things (i.e., if you charge rent), you can nurture some financial independence as your kids are starting out on their own.<\/p>\n\n\n\n<p>If you\u2019re adding units for aging parents, you can create a space with current or future mobility needs in mind. &nbsp;Take a look at <a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/buying-a-home\/home-building-and-renovations\/renovating-your-home-for-aging-in-place\/\" data-dig-id=\"LP-88987-38ad23e7\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"these home renovation tips\" class=\"rbc-link-format\">these home renovation tips<\/a> for building a comfortable place to live for adults entering their older years.<\/p>\n\n\n\n<p>Whatever generation you\u2019re looking out for, the option of adding space to your property is considerably better for them compared to finding a rental with an external property company or landlord who can change rates and rules. &nbsp;More than a place to live, you can provide certainty and peace of mind.<\/p>\n\n\n\n<p>And should your situation change, you can always rent to someone else to create rental income and boost your cash flow.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Considerations<\/h3>\n\n\n\n<p>While there are clear advantages to adding units to your property, it requires some careful planning and consideration. Here are some tips to keep in mind:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Create an agreement that sets ground rules, rent (if charging) and expectations. For instance, who is responsible for cutting the lawn, paying for utilities, and otherwise maintaining the space? When dealing with family, it is especially important to articulate these conditions so that everyone is on the same page and relationships stay healthy.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Understand the bylaws and zoning rules in your municipality. As different towns and cities in Canada have different regulations, it is important to be clear on what is allowed in your community.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Get familiar with building and fire codes. To create a legal apartment, it must meet several specific standards. Understanding what those are in your municipality will be key before you start construction. Engaging an experienced and local contractor who is well-versed in the codes and regulations of your area is a worthwhile early step.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>There is a cost to converting and adding living space. Before you get started, be sure to create a budget and crunch the numbers so you\u2019re comfortable with how the financials play out.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Connect with experts who can advise you. Find a general contractor your comfortable working with and engage a mortgage specialist early to get your finances options mapped out.&nbsp;&nbsp;<\/p>\n<\/li>\n<\/ul>\n\n\n\n<p>Whether you have adult children getting ready to leave home or you\u2019re helping your aging parents find suitable housing for a changing lifestyle, you\u2019re likely seeing the housing challenges first-hand. But with new zoning laws in place, the solution to these challenges could very well be in your own backyard.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.rbcroyalbank.com\/mortgages\/building-your-own-house.html?utm_source=vanity&amp;utm_medium=marketing&amp;utm_campaign=mtg_constructionmortgage\" data-dig-id=\"LP-88987-88d67379\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"RBC Construction Mortgage\" class=\"rbc-link-format\">RBC Construction Mortgage<\/a> program provides unique financing opportunities to help Canadian homeowners add new housing units to their property, up to a total of six units, whether through redeveloping an existing home into multiple units or building new residential structures.<\/p>\n\n\n\n<p>And, with an in-depth knowledge of construction mortgages, RBC Mortgage Specialists can give you the support you need to guide you through the process of redeveloping your existing home or building something new.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse834a1009\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse834a1009\" data-dig-id=\"LP-57738-834a1009\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Things our lawyers want you to know\"><span>Things our lawyers want you to know<\/span><span>Things our lawyers want you to know<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse834a1009\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p>This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.<\/p>\n<\/div>\n<\/div><\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-80cf9429-8731-408c-827a-388fee9d7389\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"has-text-align-center h5 mar-b\"><strong>Share This Article<\/strong><\/p>\n\n\n\n\t\t<div class=\"socials-block\">\n\t\t\t    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=Housing for the next generation could be in your own backyard &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/buying-a-home\/home-building-and-renovations\/housing-for-the-next-generation-could-be-in-your-own-backyard\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        <span>\n          Email        <\/span>\n      <\/a>\n      <div class=\"social-button-wrapper sharing-copy-wrapper\">\n        <button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/buying-a-home\/home-building-and-renovations\/housing-for-the-next-generation-could-be-in-your-own-backyard\/\">\n          <img decoding=\"async\"\n            src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n            alt=\"copy icon\">\n          <span id=\"sharing-copyUrl-Label\">\n            Copy URL          <\/span>\n        <\/button>\n        <input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n      <\/div>\n    <\/div>\n  \t\t<\/div>\n\n\t\t\n\n\t\n\t<div class=\"wp-block-tk-spacer id-bbfbe197-8c5b-4731-8b01-d8875d957815\" aria-hidden=\"true\"><\/div>\n\t\n\n\n\t\t\t<div class=\"wp-block-rbc-single-post-topics related-topics-links\">\n\t\t\t\t<p class=\"h5 mar-r-hlf\">Topics:<\/p>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/home-ownership\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Home Ownership<\/a>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/remodeling-your-home\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Remodeling your Home<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel mob-pad-t-dbl\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading mar-b mob-mar-b-dbl mar-t-0\" id=\"h-read-this-next\">Read This 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pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/travel-and-cross-border\/buying-or-refinancing-a-us-property\/\">\n\t\t\t\t\t\tBuying or Refinancing a US Property\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/travel-and-cross-border\/buying-or-refinancing-a-us-property\/4-ways-to-use-the-equity-in-your-u-s-home\/\" class=\"card-title h4 mar-t-0\">4 Ways to Use the Equity in Your U.S. Home<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/shutterstock_2072514095_fbde76.jpg?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Girl in raincoat and rubber boats\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/shutterstock_2072514095_fbde76.jpg 3840w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/shutterstock_2072514095_fbde76.jpg?resize=300,169 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/shutterstock_2072514095_fbde76.jpg?resize=768,432 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/shutterstock_2072514095_fbde76.jpg?resize=1024,576 1024w, 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class=\"card-title h4 mar-t-0\">Actions to Help Protect Your Home from Extreme Weather Events [Infographics]<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n<\/section>\n<style class=\"advgb-styles-renderer\">\n\t\t.wp-block-tk-spacer.id-80cf9429-8731-408c-827a-388fee9d7389 {\n\t\theight: 96px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-80cf9429-8731-408c-827a-388fee9d7389 {\n\t\t\theight: 30px;\n\t\t}\n\t}\t\n\t\t.wp-block-tk-spacer.id-bbfbe197-8c5b-4731-8b01-d8875d957815 {\n\t\theight: 60px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-bbfbe197-8c5b-4731-8b01-d8875d957815 {\n\t\t\theight: 30px;\n\t\t}\n\t}\t<\/style>","protected":false},"excerpt":{"rendered":"<p>Canada\u2019s housing crisis is a hot topic and consistently grabbing headlines. If you have adult children looking to live on their own, or aging parents looking to downsize, housing availability is likely a major issue that\u2019s affecting your family. <\/p>\n","protected":false},"author":80,"featured_media":92848,"parent":57286,"menu_order":0,"template":"","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"tags":[57,146],"rbc_content_type":[31],"rbc_audience":[],"rbc_lob_group":[],"rbc_difficulty_level":[33],"rbc_mmm_category":[310,303,339],"class_list":["post-88987","rbc_my_money_matter","type-rbc_my_money_matter","status-publish","has-post-thumbnail","hentry","tag-home-ownership","tag-remodeling-your-home","rbc_content_type-article","rbc_difficulty_level-beginner","rbc_mmm_category-buying-a-home","rbc_mmm_category-goals-aspirations","rbc_mmm_category-home-building-and-renovations"],"acf":{"contently_publication_id":"","custom_author":"Royal Bank of Canada","rbc_video_header":"","rbc_media_duration":"","rbc_video_keywords":"","rbc_video_description":"","rbc_video_upload_date":"","rbc_toc_for_mmm_tag":"h2","rbc_toc_for_mmm_limit":6,"rbc_toc_for_mmm":null,"rbc_toc_for_mmm_action":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<meta name=\"description\" content=\"Canada\u2019s housing crisis is a hot topic and consistently grabbing headlines. 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