With advancements in technology, health, wellness, and medicine, Canadians are living longer and healthier lives. The average life expectancy in Canada is 83 years. This means, retirement planning should account for 20 to 30 years; expenses, living arrangements, and quality of life are important factors for retirement living.
Leaving your family home and moving to a retirement living community is a big decision. If you are looking to save money and downsize, moving into a retirement community may be a good fit. Living in a retirement community offers you the opportunity to engage in regular social activities, 24/7 medical care, and best of all – no snow to shovel during the winter! The money you get by selling your family home can be used during your retirement.
Learn more about how to downsize for retirement