For homeowners downsizing — and the family helping themDownsizing your home: a checklist from first thoughts to moving day
When you start thinking about it
- List what the next home must have: main-floor living, parking, storage, location, pets, room for visitors.
- Get a current value for your home and an estimate of what you’d walk away with after costs.
- Ask your accountant about reporting the sale (principal residence exemption) and investing the proceeds.
- Put an enduring power of attorney and a personal directive in place if you don’t have them.
- Start sorting the rooms and cupboards that matter least.
Choosing the next place
- Visit at different times of day: parking, elevators, noise, and how far it is to what you use.
- Condo: review the bylaws, budget, minutes, reserve fund plan and study, and the estoppel certificate before going firm.
- 55+ building: read exactly how the age bylaw is written.
- Measure the rooms and decide which furniture comes with you.
Before listing
- Ask family what they’d like to keep, and set a date to collect it.
- Book selling, donation pickups or clearing for the rest.
- Decide the order — sell first, buy first or both together — and talk to your lender about bridge financing.
- Find your Real Property Report, permits, and renovation and warranty records.
Moving
- Choose possession dates with a few days’ overlap if you can.
- Book movers early, and ask about packing and unpacking help.
- Pack a first-night box: bedding, medications, the kettle, chargers.
- Update your address with Canada Post, CRA, Alberta Health Care, your bank and pension plans; move insurance and utilities over on possession day.
