Should I Downsize Before Retirement? (What Most Homeowners Miss)
Many people approach retirement assuming downsizing their home is the obvious next step.
Sell the larger house. Buy something smaller. Free up equity. Lower the cost of living.
On the surface, the logic seems straightforward. But in practice, the decision to downsize is often more complex than it first appears. Between transaction costs, lifestyle changes, taxes, and the role your home plays in your overall retirement plan, the “right” decision is rarely as simple as moving to a smaller house.
In this video, we explore how to think about downsizing through a broader retirement planning lens and look at the key questions that can help guide the decision. Rather than asking “Should I downsize?” the better question may be: What s important about money to me?
Clayton Meeres is the founder of Sparrow Financial and the author of From Real Estate to Retirement: Rethink, Retire, Thrive. His work focuses on helping Canadians approaching retirement integrate real estate, investments, and income planning into one clear financial strategy.
This content is provided for educational purposes only and should not be considered financial advice. Each person's situation is different and professional advice should be obtained for specific circumstances. All securities related business is conducted through Designed Securities Ltd., a member of the Canadian Investment Regulatory Organization (CIRO) and the Canadian Investor Protection Fund (CIPF). Sparrow Financial is a trade name used by Clayton Meeres.
