Introduction

Selling the home you’ve cherished for decades is about much more than a transaction — it’s an emotional milestone, marking the close of one chapter and the beginning of another.

For many seniors in Burnaby, downsizing isn’t just a practical decision — it’s an opportunity to simplify life, reduce responsibilities, and move into a home that better fits their needs for the future.

At Victoria Fung Real Estate, I understand that this process can feel overwhelming — emotionally, financially, and logistically. My goal is to help make your transition as smooth, respectful, and rewarding as possible. This guide will walk you through every step, from deciding when to downsize to settling into your new home with confidence and peace of mind.

1. Deciding If and When to Downsize

Signs It Might Be Time to Move

• Maintenance feels overwhelming: Yard work, repairs, or climbing stairs may have become more tiring.

• You have too much space: Empty rooms and unused areas can start to feel like unnecessary upkeep.

• Convenience matters more: Living closer to shops, transit, healthcare, and community amenities can make daily life easier.

• You want financial flexibility: Selling can free up home equity to support retirement goals, travel, or peace of mind.

• Mobility and safety are priorities: A single-level home or condo can help minimize physical strain and hazards.

The best time to start planning a move is before it becomes urgent — proactive downsizing allows you to make thoughtful decisions on your terms.

Emotional and Family Considerations

Leaving a family home filled with memories can bring mixed emotions — pride, nostalgia, and sadness. It’s perfectly natural to feel hesitant. Involve loved ones early, share your goals, and give yourself time to reflect. Many clients find it comforting to take photos of meaningful spaces or hold a “farewell gathering” to celebrate memories before moving forward.

2. Exploring Your Options in Burnaby

Burnaby offers a range of excellent downsizing options:

• Condo or strata apartment: Enjoy low-maintenance living with amenities and a smaller footprint.

• Townhome or bungalow: Maintain independence with fewer stairs and easier upkeep.

• Senior-friendly buildings: Many newer developments in Burnaby include accessibility features, security, and social programs.

• Independent or assisted living communities: Perfect for those who appreciate added services or community activities.

• Life-lease or co-housing models: Blend ownership benefits with built-in community and shared resources.

When exploring options, consider:

• Proximity to transit, shopping, and medical care — especially near SkyTrain routes or town centres like Metrotown or Edmonds.

• Monthly fees and budgets — strata or community fees replace many maintenance costs but need to be factored in.

• Accessibility and safety — look for level entries, grab bars, wide hallways, and no-step showers.

• Future adaptability — can you access care or services if your needs evolve?

3. Financial and Tax Considerations

The Financial Upside of Downsizing

• Unlock equity: Selling your home often frees up funds for your next chapter — whether it’s travel, savings, or future care.

• Lower ongoing expenses: Smaller homes usually mean lower property taxes, utilities, and maintenance.

• Simplified living costs: Condo fees may seem high but often include maintenance, landscaping, and amenities.

Costs to Keep in Mind

• Realtor and legal fees

• Moving expenses and potential renovations

• Land transfer taxes (if buying another property)

• New furniture or accessibility upgrades

The good news? The sale of your principal residence is typically exempt from capital gains tax in Canada, making downsizing financially beneficial for many homeowners.

Get Professional Support

• Realtor: Working with a local agent experienced in senior transitions (like myself!) ensures you have a patient guide who understands both your needs and the Burnaby market.

• Financial advisor: They can help you plan budgets, manage proceeds, and align your move with your long-term goals.

4. Preparing Your Home for Sale

Decluttering and Sorting

Downsizing means making thoughtful choices about what to keep and what to let go of. Try sorting items into:

• Keep — sentimental or useful

• Donate or gift — furniture or décor others can enjoy

• Sell — antiques or collectibles

• Recycle or discard — anything broken or worn out

Tackle one space at a time, and don’t hesitate to ask family or professionals for help.

Repairs, Refreshing, and Staging

• Fix small issues like chipped paint or squeaky doors.

• Brighten curb appeal with clean walkways and tidy gardens.

• Depersonalize rooms so buyers can picture themselves in the space.

• Professionally stage and photograph your home to highlight its best features — this can significantly boost buyer interest.

5. Planning and Managing the Move

Creating a Moving Timeline

Work backward from your moving date:

• 3 months out: Choose your new home and get moving quotes.

• 1 month out: Start packing non-essentials and organize services.

• 2 weeks out: Notify utilities, update your address, and arrange medical transfers.

Moving Day Tips

• Hire movers who specialize in senior relocations.

• Clearly label boxes by room.

• Keep essentials — medications, important papers, and daily items — accessible.

• Plan for pets and have someone you trust available to help manage the day.

Settling Into Your New Home

Unpack and arrange essentials first to make the space feel familiar. Bring in personal touches gradually — photos, favourite books, or artwork — to make it feel like home. Take time to explore your new neighbourhood and meet your neighbours; connection makes transition easier.

6. Tips for a Smooth Downsizing Experience

• Start early — even small steps add up.

• Don’t rush — give yourself emotional space to adjust.

• Ask for help — family, friends, or professionals.

• Measure before moving — ensure furniture fits comfortably.

• Prioritize safety — clear walkways, good lighting, and non-slip flooring.

• Focus on what brings joy — let go of what no longer serves you.

7. Why Work with Victoria Fung

Helping seniors downsize is something I approach with both expertise and empathy. My goal is to make the process as simple and comfortable as possible — from our first conversation to the moment you’re settled in your new home.

Here’s what you can expect when working with me:

• Compassionate support: I take the time to listen, guide, and adapt the process to your pace and comfort.

• Strategic marketing: I ensure your home is beautifully presented and reaches qualified buyers.

• Full coordination: I help connect you with trusted movers, lawyers, and other professionals.

• Respectful communication: Every step is explained clearly, with your best interests in mind.

• Continued care: My relationship with clients doesn’t end after the sale — I’m always here as a resource and support.

Conclusion

Downsizing a family home in Burnaby can be emotional, but it can also be liberating — a step toward a simpler, more fulfilling lifestyle. With the right planning and compassionate guidance, it becomes less about what you’re leaving behind and more about the exciting possibilities ahead.

If you’re thinking about downsizing or simply exploring your options, I’d love to help you create a plan that honours your story and supports your future.

📞 Let’s connect today to start the conversation — visit victoriafung.ca or reach out directly to discuss your next move with care and confidence.