Downsizing Your Home: When, How, and the Real Money
13 min readLast updated June 2026Beginner levelCanada-wideOfficial-source checked
Downsizing is pitched as a financial no-brainer: sell the big house, unlock the equity, move somewhere smaller, watch your savings grow. The truth is more interesting. Done deliberately it can cut monthly costs by a thousand dollars or more and free a large, tax-free lump of equity; done on autopilot, it can cost more than you expect.
Downsizing is pitched as a financial no-brainer: sell the big house, unlock the equity, move somewhere smaller, watch your savings grow. The truth is more interesting. Done deliberately it can cut monthly costs by a thousand dollars or more and free a large, tax-free lump of equity; done on autopilot, it can cost more than you expect.
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