As some homeowners approach the prospect of downsizing, they consider moving away from the city. For some, the seclusion of small towns or hamlets beyond city limits is appealing. However, while quiet, any other conveniences or advantages offered by these communities are quite limited.
Alternatively, Toronto – more specifically the enclaves of Etobicoke and West Toronto, feature balanced, well-planned communities that offer both an elevated lifestyle and a more suburban atmosphere compared to the city’s core.
Here is why you should consider downsizing in Toronto, rather than beyond city limits.
Looking to downsize in Etobicoke or West Toronto? Our strategic advisory services can help you exceed your market objectives. Call us at 416.441.2888 or reach us by email at evan@christensengroup.ca.
The Value of Location
Downsizing to a smaller residence is in no way indicative of a lower quality of life. In fact, it is often the opposite. With that in mind, for downsizers seeking the ideal residence for their next chapter, location is just as important as the actual property itself.
Outside of the city, downsizers may have a hard time finding a neighbourhood that offers the most optimal lifestyle for retirees or empty nesters. However, Toronto offers a strong selection of neighbourhoods that are well-suited to downsizers. These enclaves are found in various pockets of the city but are most common in the west end. Toronto’s downsizer-friendly communities are vibrant, amenity-rich, easily accessible, and pedestrian-friendly.
As a downsizer, selecting the right neighbourhood is imperative. Discover more community-related insights on Etobicoke and West Toronto below.
- West Toronto: A Downsizer’s Haven
- Luxury Migration in West Toronto
- Toronto’s Undiscovered Communities
Vehicle Free Accessibility
One particular avenue in which city life can offer greater convenience for downsizers is walkability and public transportation access. Some homeowners in their golden years may find that driving a vehicle can become unideal, along with the high costs of owning and maintaining one. With that in mind, electing to downsize in Toronto offers them reliable alternatives for getting around the city, running errands, visiting friends or family, and beyond. This convenience is not offered in most suburbs or exurbs (at least to the same extent).
For example, Toronto neighbourhoods such as Bloor West Village and High Park feature a vast range of essentials and amenities all within the neighbourhood, ensuring residents rarely need to travel far. Additionally, these communities also feature their own subway stations (Line 2) offering regular and reliable service to west and central Toronto.
Considering the sale of your family home? Explore these downsizer-related resources.
- Should I Keep My Toronto Home When I Downsize?
- How to Downsize Without Hassle
- Should You Downsize Before Retirement?
Greater Housing Selection
Another advantage of remaining in Toronto (or relocating here) as you downsize is housing. Downsizers often have very specific parameters for what they need in a home.
As Canada’s largest city, Toronto’s real estate landscape is vast and diverse. For downsizers, there is a truly abundant variety of housing options available, ranging from detached and semi-detached properties to modern condominiums and even alternative housing pathways such as laneway homes and garden suites. Smaller communities can offer downsizer-friendly housing, however, the stock will be comparatively limited.
Beyond personal suitability, owning real estate in Toronto additionally provides its financial advantages. One of the most in-demand markets in North America, purchasing a home in Toronto makes for an exceptional investment. As a downsizer, owning Toronto real estate provides the opportunity to build equity as you approach and enjoy retirement.
Downsizing With Christensen Group
Wherever you choose to live next, downsizing can be a considerable endeavour. However, it does not need to be overwhelming or difficult. By working with a dedicated, full-service real estate team, you can enjoy a smooth transition that feels automated.
At Christensen Group, we tailor our tried-and-true downsizing process to your unique needs. Whether you need assistance with decluttering, preparing your property for the market, or more, our in-house team and extended network of real estate professionals can ensure you get the best result possible. When you’re ready to explore your next chapter, we’re ready to help.
Searching for the perfect place to call home in your next chapter? Christensen Group can guide you toward success. Call us at 416.441.2888 or reach us by email at evan@christensengroup.ca.
