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How Multigenerational Renovations Are Reshaping the Future of Homeownership

In today’s ever-evolving housing landscape, Canadian families are increasingly seeking creative ways to overcome affordability challenges while preserving familial ties. The spotlight was on an increasingly relevant trend of multigenerational renovations.


Why is multigenerational living on the rise?


With home prices remaining high and aging parents requiring more support, many families are considering how to make the most of their current properties. Whether it’s building a laneway home, adding a garden suite, or converting a basement into a secondary suite, the goal is often the same to create more functional, inclusive living spaces that support extended families.


Many municipalities have relaxed zoning laws, making it easier than ever to convert a single-family property into a duplex, triplex or even a sixplex in some cases. It’s not just about space. It’s about designing for aging in place, creating income-generating mortgage helpers, and optimizing long-term value.


Financing renovations the smart way


Angela Calla Mortgage Team brought forward the crucial financial piece of the puzzle, how to fund these ambitious projects without derailing your cash flow or future plans. These include energy-efficient mortgage incentives, rebates through insured financing, and reverse mortgages for seniors looking to right-size without sacrificing their lifestyle.


For older homeowners, reverse mortgages offer a powerful, tax-free way to unlock equity, allowing them to give wealth to children or build additional living quarters for themselves without taking on monthly payments.


Mortgage strategy matters more than rate


A critical truth, the terms of your mortgage often matter more than the rate itself. The hidden costs are buried in big bank mortgages, especially when it comes to prepayment penalties. 


“We’ve seen homeowners pay $30,000 to break a mortgage,” they said, “when a mortgage arranged through a monoline lender could have reduced that to $6,000.”


Monoline lenders: accessible only through independent mortgage brokers, offer flexibility and significantly lower penalties due to the absence of inflated posted rates used by banks to calculate penalties.


Real stories, Real savings


The testimonials from homeowners like Rosalia, a first-time buyer who saved $12,000 and gained financial clarity by working with Angela’s team, and Ethan and Mia, who refinanced their mortgage to free up over $1,000 per month in cash flow, allowing them to begin investing for the first time.


In another standout case, Sylvia and Luke from Coquitlam saved $2,400 per month by consolidating debt into a restructured mortgage without moving or changing their lifestyle.


Getting started your first step


If you’re considering a multigenerational renovation or want to explore how to reduce your mortgage penalty risks, Angela Calla Mortgage team’s advice is clear: don’t just chase rates online. “Get pre-approved, and work with an unbiased professional who aligns your mortgage with your lifestyle and long-term goals.”


With more flexibility, community-friendly zoning, and financial tools available than ever before, now is the time to reimagine what home means and how to make it work for generations to come.


Looking for personalized mortgage advice that fits your life and how much you could save?


Visit Angelacalla.ca to learn more, or connect with our expert team today!


Call us at 604-802-3983 or email us at callateam@countoncalla.ca to start a conversation that could lead to real savings—whether you're buying your first home, refinancing, or planning for the next generation.


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Can One Renovation Change Your Family’s Future?


Angela Calla is a mortgage renewal and debt elimination expert with over 20 years of industry experience. She is also a multi-award-winning mortgage professional. Since beginning as a mortgage broker in 2004, Angela has helped thousands of Canadians optimize their mortgage strategies, eliminate debt, and build wealth through real estate.


She is the best-selling author of The Mortgage Code, which equips readers with the tools to make informed financial decisions. Additionally, she is the host of Canada’s longest-running finance radio show on CKNW, where she simplifies mortgage advice and empowers listeners to take control of their financial futures.


Angela has been recognized as Business Leader of the Year (2020) by the Tri-Cities Chamber of Commerce and Entrepreneur of the Year (2019) by the City of Port Coquitlam. She is also a sought-after speaker and educator, delivering accredited training for real estate boards across Greater Vancouver.

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