Canada Downsizing Wave Could Build Gradually

Many retirees are pausing downsizing because softer prices, moving costs, and limited smaller-home options make timing and fit harder for sellers right now.
Survey data showed 10% of Canadians aimed to downsize in the next decade; among 65-plus, 57% planned to stay put at home instead.
~half saw low local availability of smaller-home options, while 8% saw none, highlighting why suitable supply matters for older owners planning moves.
Moving economics remain important: friction costs, including REALTOR® fees, land transfer taxes, moves, or renovations, can absorb up to 15%.
Forecasts point to a gradual downsizing wave as confidence improves, condo supply creates options, and older Canadians prioritize rightsizing for lifestyle needs.