We all know the real estate market is in a downturn. Prices are down, inventory is up, even rental rates have dropped. This all makes real estate extremely difficult for the traditional investor. So where are the opportunities? When is it actually worth selling?
For Downsizers: What Are You Waiting For?
If you’re holding out for prices to climb again, you might be waiting a long time. Some people have been telling me for over three years that “now’s not the time.” But the reality is, we may not see peak pricing again for another three years, or more. Don’t let a number you’ve been holding onto hold you back from your future. If you keep waiting for the market to go up you may be moving out in a pine box.
Yes, your home’s value may be down from the peak, but in nearly all cases, it’s still up significantly from when you bought it. You likely have more than enough equity to fund your next chapter. Now might be the right time to make that move.
Benefits of Downsizing:
- Lower Expenses: Smaller homes mean lower property taxes, utilities, and maintenance costs.
- Equity Freedom: Unlock home equity to invest, help family, or enjoy life.
- Lifestyle Upgrade: Less upkeep, more time to travel, pursue hobbies, and focus on experiences.
- Health Boost: Reduced stress, simplified living.
- Stronger Community: Move to a neighbourhood that aligns with your lifestyle and values.
For Upsizers: Opportunity Knocks
If you’ve been thinking about moving up, this is your moment. Buyers have more negotiating power in a down market and upgrading now can yield major long-term gains.
Let’s say you’re selling a $1M property and buying at $2M. Even if the market is down 10%, you’re saving more on the purchase than you’re losing on the sale. That’s real value.
Benefits of Upsizing:
- More Space: Room for a growing family or multi-generational living.
- Secondary Suite Potential: Generate rental income and offset your mortgage.
- Strata Savings: Transitioning from a condo to a house? Say goodbye to monthly strata fees.
- Future Value: Land is finite. Buying in a down market could lead to significant appreciation over time.
- Negotiation Power: Less competition = better deals.
Whether you’re thinking about downsizing or upsizing, the best time to make a move is when you want to move. Don’t let headlines hold you back. Life is short, live it the way you want to.
If you’re waiting for the market to go up, beware that the government has been talking about taxing our principal residence. If that ever happens I bet a lot of people will wish they downsized earlier. For the upsizers out there, now truly is the best time to upgrade that home. When the market does go up, which it always does, you’ll look back and be glad you did.
May 14, 2026 
