The decision to sell your home in retirement is commonly influenced by a number of factors, both emotional and financial. People choose to sell for one of several reasons:
To help reduce expenses
To provide a capital base from which to generate retirement income.
To simplify their lifestyle
Because of a change in circumstances (financial health, children leaving home)
From a strictly financial perspective, the decision to sell a home is most often made to generate income from the sale plus the elimination of any housing expenses.
To learn more about downsizing, visit our site by clicking here www.downsizing.ca or use the drop down menu above under downsizing to navigate directly to a page.