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Myths About Downsizing

Many older adults and their families delay downsizing (or as you know, I prefer to say, rightsizing)  due to common myths about the process. However, the truth is that rightsizing can lead to a more comfortable, fulfilling, and calmer lifestyle—especially when started early.

Myth: Rightsizing means sacrificing comfort, moving to a smaller cramped space.

Truth: Rightsizing doesn’t always mean moving to a smaller space. It can mean transitioning to a home that better suits your needs—whether that’s a similar-sized home with a single-level layout, a residence with less maintenance, or even moving into a suite or carriage home with family. For some, rightsizing may mean successfully aging in place by making modifications such as adding grab bars, widening doorways, or hiring additional help as needed. The goal is to create a living environment that enhances comfort and ease of living while reducing stress. In reality, it often enhances comfort by eliminating the stress of maintaining a large home and moving into a space that is more accessible, manageable, safer, and tailored to current needs and lifestyle. Whether it’s a single-storey home, a condo with modern amenities, a community designed for seniors, or a well-equipped home that allows for aging in place, the right choice can significantly improve quality of life and provide peace of mind. Assessing your current and future needs will help you decide which option is best for you. On the fence which option is best? Ask for HELM’s self assessment guide which will help guide you to decide which option is best for you. 

Myth: Rightsizing is overwhelming and stressful.

Truth: While it’s true, it can be an overwhelming process, and then throw in sorting through a lifetime of belongings it can be an emotional experience, yet starting early gives you more control over the process. When done gradually, with a clear plan and the right support, rightsizing becomes far less stressful. Instead of rushing to make decisions in an urgent situation, early rightsizing allows for thoughtful, intentional choices. Working with a Seniors Real Estate Specialist (SRES®) who will create a custom plan, introduce you to like minded professionals and resources all working on your terms and timeline will ensure the process is as stress free as possible. 

Myth: Rightsizing means losing your identity, have to give everything away.

Truth: This couldn’t be further from the truth. Rightsizing isn’t about giving up everything you love; it’s about focusing on what truly matters to you. It’s an opportunity to create a fresh space filled with your most meaningful belongings. By keeping treasured items—whether it’s a favourite chair, a beloved collection, or sentimental photographs—you ensure that your new home still feels like yours. If aging in place, ensures your keeping only items that fit your lifestyle and your home is designed with safety and comfort. 

Myth: Rightsizing is only for the elderly.

Truth: In fact, proactive rightsizing can be beneficial at any stage of life. It can free up capital to travel, invest, or simply enjoy financial peace of mind. Living in a home that fits your current needs rather than one designed for a previous chapter of life can bring newfound freedom and security. It’s a next chapter, not the end! 

Myth: I can put off the decision and let my family handle it later.

Truth: The reality is that waiting too long will create stress for loved ones and significantly limit your own choices. Instead of leaving your future up to chance or making decisions in a crisis, starting early allows for a smooth, well-planned transition on your own terms. Even families that get along may not always agree on what’s best. By making the choice yourself, you can prevent potential conflicts and ensure that your wishes—not someone else’s—shape your future.

Rightsizing isn’t about loss—it’s about making intentional choices that lead to a more manageable and fulfilling lifestyle. By letting go of misconceptions and embracing the possibilities, senior rightsizing can become an exciting new chapter rather than a daunting task. If you or you know of someone who has questions, please ask. I’m always just a phone call away. 

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Spring Market Outlook

February brought a balance market to Metro Vancouver’s housing market. With interest rates continuing to fall, and the next rate announcement March 12 many potential buyers are watching the market closely—along with any policies or actions that may influence it, such as the now imposed tariffs from the U.S. With a potential Bank of Canada rate cut March 12, homebuyers may find slightly improved borrowing conditions while enjoying the largest selection of homes on the market since pre-pandemic times. Given the current balanced market conditions, prices have remained in a holding pattern for the past few months.

With the active Spring real estate market season just around the corner, it will be interesting to see whether buyers take advantage of some of the most favourable market conditions seen in years, and whether sellers change their willingness to bring their properties to market.

Following four consecutive months of year-over-year sales gains, last month’s buying activity was down considerably. The combined Greater Vancouver home sales were down 11.7% vs 2024 and almost 30% below the 10 year average. New listings activity slowed from January, but February was still about 10% higher than 2024, and 11.6% above the 10 year average. Combined inventory levels were 32% over February 2024, and 36% above the 10 year average.

Of course, there are plenty of uncertainties. Newly imposed tariffs, new leadership in both the U.S. and possibly Canada could have a major effect on the economy, but it’s still too early to predict what that impact will be.The uncertainty of this is something we are feeling right this minute.  Is this going to last a week or a month? We don't know. 

For more detailed statistics in your specific neighbourhood please ask me. I’m here help navigate and support your next move! Making a move this Spring? Have questions? Concerns? Call me to discuss your unique goals. 

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Benefits of Respite and Trial Stays

Respite care is flexible and available in different formats. Care and support are available from both publicly subsidized and private pay providers. 

Types of Respite Care include:

For care partners and care takers , don’t wait until you and your family reach a breaking point. Respite care should be part of a care partner or caregiver’s routine, not just an emergency solution. It provides temporary relief from the emotional and physical demands of caregiving while giving your loved one the support they need in a safe and engaging environment. In-home respite care can include personal support services such as bathing, dressing, and mobility assistance. It also can cover homemaking tasks like meal preparation and light housekeeping, as well as professional care services, including nursing or therapy. This opportunity allows for family, friend care partners to step away, whether for a few hours or a longer period, without compromising the quality of care their loved one receives.

Out-of-home respite care- offers temporary stays in a long-term care home or retirement community for individuals requiring support. 

Convalescent care options-  is beneficial if you’re being discharged from the hospital but not quite ready to go home; if your family is going out of town and you don’t want to be alone or if your caregiver is taking time off. 

Trial Stays -if you don’t need respite yet interested in trials stays at a retirement community, this is an option also. 

Adult day programs- provide supervised care in a structured, social setting. These programs can be ideal for individuals with Alzheimer’s, dementia, or mobility challenges, offering engaging activities while caregivers manage other responsibilities.

Waiting until exhaustion sets in, or “some day I’ll look into it” isn’t the answer. Asking for help isn’t being selfish it’s being proactive, ensuring you can continue to provide the best care possible, for yourself and others you care for. Plan ahead so you and your loved ones can live life on your terms! 

Prices vary depending on the location of the residence and the level of care needed, so it's essential to check with each individual residence for updated information.

To learn more about the differences between private pay options and publicly subsidized home and community care services offered through B.C.’s health authorities visit the government’s website page 

Are you considering a type of respite care for a loved one or yourself?  

Curious about testing the water with a trial stay? 

Let’s chat and explore your options together! Janet 

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