For many GTA retirees, the dream of trading a high-maintenance family home for a practical condo has been put on hold. Recent data from Re/Max Canada reveals that only 16 per cent of Canadians aged 65 and older plan to downsize within the next decade, as many cite current market volatility and a lack of suitable housing options as primary deterrents.
Toronto broker Tim Syrianos notes that the market is struggling to provide adequate living spaces, as many newer builds cater to smaller square footage rather than the long-term needs of seniors. Additionally, with home prices sitting below 2022 peaks and “friction costs” like taxes and moving fees eating into equity, many homeowners are choosing to stay put. For more insights on how the shifting market is impacting retirement strategies, read the full report at BNN Bloomberg: https://www.bnnbloomberg.ca/business/real-estate/2026/05/03/not-the-right-time-retirees-delay-downsizing-plans-as-housing-market-slumps/
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