4 Surprising Facts About What it Means to Downsize in Alberta

Moving to a smaller space as you get older is a common practice across Canada. However, in Alberta, downsizing for seniors has a different meaning. Our Calgary Realtor discusses 4 surprising facts about what it means to downsize in Alberta.

If your children have moved out, or you are getting older and have decided to downsize your home, it may feel like you’ve given up a lot. However, there is so much to be gained from moving into a smaller space, especially financially.

Some of the financial benefits you may experience from downsizing include lower:

  • Mortgage payments
  • Energy bills
  • Property insurance
  • Maintenance and repair costs

 

Our Experienced Calgary Realtors Make Downsizing Easy

At Mel Star, our team of Calgary realtors has over 40 years of experience in helping seniors navigate the complex waters of downsizing. Whatever your needs, we will go above and beyond expectations to take care of all the details so you can focus on enjoying this new stage of your life.

Want to know more?

CONTACT OUR CALGARY REAL ESTATE AGENTS

 

What it Means to Downsize in Alberta: 4 Surprising Facts You Need to Know

There is a reason why downsizing is such an appealing option for homeowners. You can move into a more convenient, low maintenance lifestyle while cutting costs simultaneously.

While such a lifestyle change is common amongst the senior population in Canada, studies have found significant regional differences in downsizing attitudes, with the markets in Ontario and British Columbia at odds with the market in Alberta.

Some of these differences include:

  1. Albertans plan to own their next property, not rent it. This intention to carry ownership into the next phase of life makes Albertan seniors unique.

  1. Seniors living in Alberta have a stronger belief in the strength of real estate as compared to those living in other provinces.

  1. Alberta has a higher income for the senior population when compared to other provinces.

  1. Alberta seniors’ healthier incomes and better savings, and the region’s affordable housing market mean that the elder generation is planning to buy single-detached or semi-detached housing for the new life phase rather than renting or buying apartments.

 

Find The Perfect New Home With the Mel Star Team

At Mel Star, we have comprehensive knowledge of the local real estate market and we can help guide you through the downsizing journey, ensuring that you find the perfect place to call home. Our team can help:

  • Determine your budget and explore financing options
  • Research and find ideal properties and book showings
  • You write a compelling offer and negotiate the best deal
  • Complete the closing paperwork

With over 40 years of real estate experience, the Mel Star team in Calgary can help you find your dream home, no matter your needs, lifestyle, and specific preferences. To find out more about how we can help you transition into your new home smoothly and quickly, contact us at (403) 284-6333, fill in our contact form or visit in person at 206-2411 4 St NW, Calgary, AB T2M 2Z8.

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We are here to help and we'd love to hear from you. Call us at 403-861-9944 and we will be in touch shortly!

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