Posts Tagged ‘downsizing’

Downsizing is not only about moving into a smaller space. It’s a lifestyle transition, and in Greater Victoria, it often brings freedom, convenience, and more time for what matters most. After helping many clients through this process, we’ve found that the most successful downsizing journeys start with clarity: why you’re moving, what you want, and what you’re ready to let go of. Why Downsizing Makes Sense Here Greater Victoria is uniquely suited to downsizers. There are neighbourhoods where walkability replaces long commutes, strata living replaces yard maintenance, and scenic parks or beaches become part of your daily routine. For many, the trade-off of square footage brings a noticeable upgrade in quality of life. Where Downsizers Often Look Saanich Central, quiet, and close to everything—Royal Oak, Broadmead, and Cordova Bay offer townhomes, well-run strata buildings, and a relaxed pace. Victoria Core Downtown and James Bay work beautifully for walkable lifestyles. You’ll find lock-and-leave condos, vibrant food scenes, and easy access to the Inner Harbour. Oak Bay For those who prefer charm and character. Boutique condos and elegant townhome communities let you stay near oceanfront parks, cafés, and village amenities. Westshore Langford and Colwood provide newer builds with modern amenities, elevators, parking, and layouts designed with aging in place in mind.   What to Expect During the Process You’ll Reassess What You Really Need Downsizing forces you to prioritize. Many clients resist at first—until they realize that shedding unused rooms, extra storage, or an oversized yard is liberating. Lifestyle Becomes the Focus Instead of asking “How big is it?” the better question becomes “How will I live here?” Think: morning walks, a balcony with a view, less maintenance, more travel, and easier day-to-day routines. Costs Shift, But Don’t Disappear While utilities and upkeep may drop, strata fees or HOA contributions might increase. A well-managed building is worth it: predictable costs, building maintenance, and shared amenities.   Where to Start 1. Define Your Priorities List what matters most: Walkability Accessibility or single-level living Proximity to family Amenities like pools, gyms, or clubs Storage needs This list becomes your compass when emotions kick in. 2. Take Inventory of What You Own You don’t have to get rid of everything at once. Start early and work in stages: Donate or sell items you haven’t used in 12–18 months Digitize paperwork and photos Keep essentials and meaningful pieces 3. Understand Your Financing Downsizing can unlock equity, but don’t assume the smaller home is always cheaper. Location, age of building, and strata size can influence price. 4. Visit Homes in Person Photos never tell the full story. Touring a 900 sq ft condo with good light and storage can feel far better than a 1,300 sq ft layout with poor flow. What a Successful Downsizing Looks Like The clients who thrive aren’t necessarily the ones who get the biggest condo or the most amenities. They’re the ones who choose places that match how they actually live—near trails, village shops, grandkids, or a favourite café. The best move is the one that fits your next chapter, not your last one.   Shauna Sundher, 5-Star Review, via Google “Both Scott and Cal assisted us in selling and purchasing. It was a big move for us but they both assisted us in getting more than we initially expected and getting us into a really great property. They helped us work through some issues on both ends and were very professional and helpful! We recommend them to our friends and family who need an agent.” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood & Zachary Parsons “Building Lasting Relationships, One Home at a Time.”