Housing Options That Support This Phase of Life

Single-level living reduces reliance on stairs, supports easier mobility over time, and helps minimize the likelihood of needing another move later. Financially, simpler layouts and lower maintenance needs can reduce ongoing costs while maintaining strong resale appeal.

With essential living areas on the main level, they support long-term comfort and mobility. The loft adds room for guests, hobbies, or work — without committing to a full two-storey layout.

A bungaloft offers practical simplicity with the flexibility to adapt over time.

Many condominiums offer single-floor living, with everything on one level and elevator access where needed. This  supports long-term comfort, easier mobility, and the ability to remain comfortably at home as needs evolve.

Exterior maintenance, landscaping and building upkeep are handled for you, while monthly fees replace many of the unpredictable repair costs that come with maintaining a larger property.

For many long-time homeowners, condo living offers the opportunity to simplify daily responsibilities while staying connected to the amenities, neighbourhoods and lifestyle they enjoy.

Some long-time homeowners choose to lease when downsizing as the equity built over decades can be redirected toward retirement savings, travel, family support, or other lifestyle priorities.

With leasing, maintenance and major repairs are typically handled by the property owner, while monthly rent becomes a predictable housing cost that can be comfortably built into a retirement budget.

For many at this stage, leasing provides flexibility and peace of mind allowing them to enjoy the benefits of a new home without the long-term responsibilities of ownership.

Life lease and co-operative housing offer alternatives to traditional ownership. Rather than purchasing the property outright, residents purchase the right to occupy a unit long-term while the building itself is owned by an organization or co-operative.

These communities are often designed with older adults in mind, including accessible layouts, shared amenities, and a strong sense of neighbourhood. 

Many can be resold later, allowing residents to recover their investment while benefiting from a community-focused lifestyle, often at a lower price than a condo.