As Canada’s population ages, many empty-nesters are choosing to downsize their homes. For many of them, the decision is driven by a desire to be closer to their grandchildren. After their children leave home, these couples often find that their larger houses are no longer practical and are seeking more manageable homes that better suit their new lifestyle.
Many retirees prioritize moving closer to family, particularly their grandsons and granddaughters, as they look to create stronger family bonds. Proximity to loved ones can provide opportunities for more frequent visits and shared experiences, something that many grandparents cherish as part of their golden years.
Downsizing also brings financial benefits. A smaller home generally means lower maintenance costs and property taxes, freeing up funds for travel or other activities. At the same time, being near family can also help with childcare or support in emergencies, making it a practical choice for many.
As the trend grows, real estate markets in family-friendly neighborhoods are seeing increased interest from this demographic. Developers are taking note, designing homes and communities that cater to downsizers looking for convenience and close family ties.
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