“It feels like maybe the theme of this summer is ‘slowly getting back to normal,’ in our own lives and for many housing markets across Canada as well,” said Shaun Cathcart,
Sellers market, why it’s a good time to capitalize on down-sizing:
Dated: July 21 2021
“It feels like maybe the theme of this summer is ‘slowly getting back to normal,’ in our own lives and for many housing markets across Canada as well,” said Shaun Cathcart, CREA’s Senior Economist. “That said, it’s a long road to get back to normal, and for many housing markets the main issue is that supply shortages are as acute as ever.*
Whatever your reason is for downsizing, this is a great time to get extra value for the home you may not fully utilize.
As this is a seller’s market, you can be certain that people will be seeking out your “so long enjoyed” property, and be willing to pay extra, so that they can claim it their own.
With an experienced real estate agent on your side, you will be able to select the property you desire, and purchase it with confidence, knowing your own property will sell shortly within the price range you want.
If you think this is still not enough to inspire you, with a few simple changes, like staging your home in the best possible setting, will earn you those extra dollars you didn’t think you have.
Usually smaller homes are priced closer to one another, in a tighter price range, so you can truly take your time to select what works best for you, before deciding on the one you like the most.
Once you start enjoying the benefits of a smaller home, you realize that you have the cash flow & more time for the more enjoyable things, and you have less maintenance to worry about.
As a smaller home is easier to carry, it is definitely less stressful, and enables you to have a more active lifestyle.
You can enhance your lifestyle, and do more of what you never had time before.
While down-sizing is a great advantage, it needs to be planned out, with the help of an experienced agent, so you can maximize its benefits.
Make a list of must haves that your new home needs to have, so that you don’t have to give up the things that are important to you.
Research the areas of your choice, to figure out ahead of time, how much you will be actually saving.
Condos are a great and convenient option, but we need to carefully budget for the maintenance fees, and what they may or may not include.
The minimalist approach is also a popular option that has been trending amongst various generations. It inspires you to waste less, and utilize more of what you already have.
Whatever your reason is to downsize, this is truly the perfect time to plan it out, and enjoy the benefits!
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