The decision to downsize allows individuals to unlock the equity tied up in their homes, providing a financial cushion to weather the storm.The recent surge in interest rates, propelled by the Bank of Canada's hike, has cast a shadow over the financial well-being of Canadians. The third quarter of 2023 witnessed record-high debt costs, impacting households and triggering a cascade of financial challenges....
It became apparent to me that the buying and selling of their home was just the tip of the iceberg. The real challenge lay in managing the daunting logistics of the actual move itself. Why did I create our All-Inclusive Downsizing Package? Well, it all started when my parents began contemplating downsizing. It became apparent to me that the buying and selling of their home was just the tip of the...
When retired couples or empty-nesters consider downsizing from a large house to a condo, several factors may hinder their decision. Here are the top three obstacles and some suggestions on how to overcome them: