If you’re approaching retirement age, you’ve probably already started planning. One of the most difficult decisions you can make in this process is deciding when will be the right time for you to sell your current home and move into a more manageable option. Here are a few reasons why you should act now rather than later.
Rising Costs of Living
World prices for natural gas are rising to near-record levels in large part due to a preventable unfolding of miscalculations. Those include geopolitical brinkmanship by Vladimir Putin. And the failure of major economies to adequately stockpile natural gas to accommodate surging demand in a post-pandemic economic boom.
GTA natural-gas consumers can expect price increases of 16 per cent to 19 per cent this winter. When you add that increase to tax increases amid other rising costs of living in Toronto, there seems to be little reason to remain in the city for those who are not bound to the area by employment obligations. Home heating, hydro, taxes and maintenance costs in Toronto are all increasing rapidly which makes moving to a new home very appealing.
If you already own property in Toronto, there’s never been a better time to cash out on the enormous gains in property investment that you’ve already achieved. If you’re approaching retirement, selling a Toronto property and buying a new home in southern Ontario will provide you with an ample amount of extra cash to enjoy.
Active Adult Lifestyle Communities
There are still options available for you to build an affordable custom home in an active adult lifestyle community in Ontario, so it makes sense to act before such opportunities disappear. With more people moving away from the city, properties in smaller cities like St. Catherine’s, Welland, Fort Erie and Niagara Falls are quickly being sold.
You can get in touch with new home builders in Fort Erie, Ontario to start working on a custom townhome or bungalow in a location that provides many attractions to encourage an active lifestyle. You’ll be able to live in an area that is relatively close to Toronto, so you can still visit friends and family.
Joining the Pandemic Migration
Given the difficulties of the ongoing COVID-19 pandemic, a growing number of people are leaving the crowded city to live in areas that afford more space and easier access to nature. You may not desire to move as far away as the Canadian maritime provinces or Vancouver Island, but you could probably use more space and affordability.
Moving to rural Ontario for your retirement years will give you the best of both worlds by allowing you to remain close to many of the things you love about this province while also allowing you to get back to nature.
Places like Fort Erie also provide easy access to the American border, so you’ll be all set to enjoy weekend shopping trips or further excursions when permitted. If you’ve been thinking about options for a new residence for your retirement but couldn’t settle on the perfect place to move, look no further than south Ontario.
Find out what new adult active living developments are in planning right now by getting in contact with a custom home builder. Once you take your first visit to the area and discover everything that small-town living has to offer, you’ll know you’ve found the perfect choice.