Let’s face it - downsizing isn’t always an easy decision. It’s a big step, often tied to emotions, memories, and a bit of uncertainty. But over time, the home that once buzzed with activity can start to feel too large and too much to manage.
For many baby boomers, that moment has arrived. The kids have moved out, the extra space goes unused, and the upkeep is getting old. Downsizing isn’t just about less cleaning - it’s about transitioning into a simpler, more manageable lifestyle that fits this new chapter.
With home values still strong, many boomers are sitting on substantial equity - often in fully paid-off homes. Selling now can unlock that wealth, offering more freedom to travel, support loved ones, or simply enjoy retirement with fewer financial pressures.
If you're feeling the weight of an empty nest, thinking about retirement, or wanting a home that’s easier to age in, downsizing might be the right move.
That said, many seniors are choosing to stay put well into their 80s. Why? A lack of suitable options, the cost of moving, and deep emotional ties to their homes all play a part.
In this blog, we’ll look at why downsizing could be a smart choice - if it aligns with your lifestyle goals - what to think about before making the move, and how to make the transition as smooth and rewarding as possible.
Is it Time?
Downsizing is a big decision, whether it’s to save money, reduce upkeep, or simplify life, and it’s important to understand why you’re doing it. The new space should meet both your current and future needs without sacrificing comfort. Financially, downsizing can lower mortgage and maintenance costs, but moving expenses and potential renovations should be considered. It can also be an emotional process, as many older adults have a deep connection to their family homes, which are filled with memories of raising a family and milestones. Letting go of things and adjusting to a new environment can be tough, so take your time.
For some, the idea of downsizing may sound appealing, but it’s often a challenge to find a place that feels right or is affordable, especially with today’s high housing prices. Staying in a familiar home and neighborhood offers comfort and a sense of stability, while health issues and the physical challenges of moving make it easier to stay put. Ultimately, the decision often comes down to the desire to maintain independence and avoid the stress of a major change.
What Are the Benefits?
While we understand it’s hard to give up your older family home, downsizing comes with great benefits! Here are just a few of the many perks you can look forward to:
A more affordable mortgage
Reduced utility bills
The ability to move closer to friends and family
The opportunity to travel
Little to no maintenance
More money to do what you love
What Will I Do With All My Stuff?
Admittedly, one of the most difficult parts in the downsizing is having to decide what stays and what goes. Here are a few suggestions to make the process easier:
Figure out what you truly need: Start by listing the items you definitely want to keep and those you’re okay parting with.
Tackle the big stuff first: Focus on the larger furniture and appliances to determine what you’ll actually need in your new place.
Go room by room: Start with one room and only move to the next once it’s done. This will help avoid feeling overwhelmed.
Sort into three piles: As you go, create piles for “keep,” “sell,” and “donate” to stay organized.
Consider storage: If you’re not ready to part with something, remember storage is always an option
Types of Property & What to Consider as a Downsizer in Calgary
Calgary offers a variety of property types for every lifestyle and budget—from cozy condos to spacious single-family homes, even luxury penthouses.
Condos, including apartments and townhouses, are a popular choice for downsizers. While they come with monthly fees, those often cover costs like landscaping, snow removal, and exterior maintenance.
Each option has its pros and cons, so the right choice depends on your lifestyle and priorities.
Condos & Apartments: Apartments often come with appealing perks like elevators, fitness centers, heated underground parking, and sometimes even a pool. These amenities can make everyday living more comfortable, especially for those who want less upkeep and more convenience. They're also a great option if travel is on your agenda- condos are generally easier to lock up and leave.
Pet lovers, take note: not all condo boards allow pets, so it's important to check the rules if you have a furry friend.
Townhouses: Townhouses offer a nice middle ground. You still get a bit more space and privacy compared to an apartment, but with less maintenance than a detached home. The trade-off? Stairs. Some folks see stairs as a positive - great for keeping active - while others may view them as a downside. If mobility becomes an issue down the line, a chair lift is often a feasible solution.
Single-Family Homes: A single-family home - like a bungalow or one with a main-floor bedroom and bathroom can be a great option for downsizers who value independence and outdoor space. While it does come with more responsibilities and costs than condo living, it also offers greater freedom in how you manage and enjoy your home.
Conclusion:
If downsizing has been on your mind lately and it seems to keep popping up in conversations, that’s usually not a coincidence. It might be your way of saying you’re ready for a change, even if it’s just been a quiet thought in the background.
The truth is, the one thing we can say for certain is that right now, your property is worth more than ever before. We can’t predict what tomorrow holds, but today, the market is at an all-time high. Downsizing can mean less upkeep, lower bills, and a home that’s just right for this stage of life - whether that’s traveling more, being closer to family, or simply enjoying a space that’s easier to live in.
Downsizing isn’t about letting go of the past, it’s about making space for what’s ahead. If it’s been on your mind lately, it might be worth taking that step. And if you’re looking for some help, I’ve been through it myself- helping my own parents downsize both as a realtor and as their son. So I truly understand the process and the importance of having the right support along the way.
