🌟 The Upside of Downsizing

1. Unlocks Home Equity
   Canadians held roughly 41 % of their household wealth in residential real estate at the end of 2024—by moving to a smaller home, you free up that equity for travel, projects, or reinvestment kelownarealestate.com.

2. Lower Carrying Costs
   Smaller properties usually mean reduced mortgage payments, lower property taxes, and smaller utility bills—freeing up monthly cash flow.

3. Less Maintenance & Stress
   A cozier footprint means fewer repairs, easier upkeep, and more time to pursue hobbies or family time.

4. Lifestyle Alignment
   Right-sized living often aligns better with changing needs—be it a ground-level condo, a cottage in the country, or an accessible rancher.

📊 Canadian Market Snapshot

• Sales Outlook: CREA now expects 469,503 home sales in 2025, a 3 % drop from 2024 levels—signaling a slightly quieter market but still solid activity Mortgage Professional.

• Price Trends: CMHC’s spring report forecasts faster price growth in 2025 for ground-oriented homes, thanks to renewed demand and improving incomes Canada Mortgage and Housing Corporation.

• Regional Variations: In BC, sales have softened amid economic uncertainty (tariff concerns and rate pressures), while supply has ticked up, giving buyers more choice and easing bidding wars slightly CityNews Vancouver.

🔍 Why Your Realtor Choice Matters

1. Deep Downsizing Expertise
   Look for agents who understand retirement budgets, carry-cost analyses, and equity-release strategies—so they can match you to the right product (condo vs. townhome vs. rancher).

2. Comprehensive Market Knowledge
   A top REALTOR® will pull from CREA, CMHC, and BCREA data to time your sale and purchase optimally, minimizing overlap and stress.

3. Strong Negotiation & Networks
   Downsizing often means competing for smaller-footprint homes; you need someone who can navigate multiple offer scenarios and has inside access to coming-soon or off-market listings.

4. Holistic Support
   From recommending movers and estate-sale services to coordinating financing options like portable mortgages or blended-rate renewals, your agent becomes your downsizing project manager.

🚀 Next Steps

1. Assess Your Goals: What equity do you need to free up? What features—like walkability or single-level living—matter most?

2. Interview Agents: Ask how they’ve guided past clients through downsizing, and request case studies or references.

3. Review Market Timing: Work with your REALTOR® to analyze local inventory cycles, interest-rate forecasts (via CMHC), and sales data (CREA, BCREA).

4. Plan the Transition: Create a timeline that syncs your sale and purchase, factoring in staging, marketing windows, and closing dates.

Downsizing is more than a transaction—it’s a strategic financial and lifestyle pivot. By choosing a REALTOR® who combines specialized downsizing know-how with deep market intelligence from CREA, CMHC and BCREA, you’ll make the move that’s right for your future—confidently and comfortably.