DOWNSIZING YOUR OAKVILLE HOME

Opting to sell your family home to move into a smaller property has its benefits. For homeowners approaching retirement age, downsizing may be a way to enjoy some of their built-up equity.

This Globe and Mail article looks at one couple’s experience of selling their city home and moving to the small town of Cobourg, Ontario. This could be the perfect decision for nature lovers who enjoy the small-town lifestyle, and according to Statistics Canada, this is certainly the trend as, “many smallish communities – particularly those fairly close to large cities – are attracting more than their share of seniors.”

Of course, making such a move is not for everyone. Evaluating your financial status, lifestyle expectations, and getting a home valuation from a knowledgeable Realtor are good first steps to take before making that big decision to downsize.