On average, the typical Canadian moves 5 to 6 times in their lifetime.
But what exactly dictates how often people move? What reasons do people have for moving and what is the “optimal” amount of times someone should move in their life?
Is now your time to move, or should you stay planted in your current residence for a few more years?
There Is No “One-Size Fits All” Answer
First off, there is no right or wrong answer for how often you should move in your lifetime.
Everyone lives their own lives, has their own sets of challenges and successes, and their own goals for themselves that are active contributors to big decisions like moving.
Is Your House Too Small?
If you’ve gotten a dog, had kids, or have started to stockpile equipment for a home gym, you may have noticed a distinct lack of space in your current property.
If you have outgrown your home and it’s starting to feel more cramped, finding a home with more square footage where it matters can make all the difference to your quality of life.
Where a smaller home may be ideal for younger couples who are starting their careers but haven’t started a family, it can be a bottleneck for those who are more established and need more space.
If your life events are coming fast and furious in your early 20s and 30s, you may require moving more often than the average person would.
Your Property Value Has Skyrocketed
If your property value has increased, you may be exposed to more opportunities due to your newfound equity. If the market allows it, you can find yourself leveraging any extra money and investing it into a new home with more of the features you need and want.
Moving with the financial ebb and flow of the market can help you upgrade your living spaces in a more timely manner, and may be a big reason why you may decide to move.
Location, Location, Location
Location and your neighbourhood play an important role in the overall appeal of a home.
Have you started a new job where the commute from your existing residence is less than desirable?
Are you starting a new college degree and would ideally like to be a bit closer?
Do you want a more family-centric, kid-friendly neighbourhood for your little ones?
Do you want to be closer to your aging parents?
Even if there is nothing wrong with your current house, you may still outgrow your neighbourhood and what it can offer you. In this case, finding an equally attractive home in a more attractive section of the city can help you in your day-to-day life and make things easier for the rest of your family.
Make Moving Easier
Moving is never easy, but it can be made easier when you have the right real estate professional at your side.
At LIFE, we help guide our clients through their unique real estate journey, aiding them in every step along the way, leading to better market outcomes.
Are you ready to enter the market? Is it time to move? Reach out and schedule a free consultations here: https://lifereg.ca/contact/