Buying in retirement: condo, single-level or multigenerational

Turn your home equity into a living space that fits, with no bad surprises.

In retirement, many choose to sell their house for a smaller condo, a single-level home or a multigenerational property. The key: properly estimate the equity built up, the net profit after fees, and what that down payment lets you buy. AcheteurFuté makes all these numbers clear, in French or English.

Why AcheteurFuté for you

01

Estimate your sale's equity and net profit

The My Home section calculates the estimated value, mortgage balance and net profit after broker and notary fees — the money that becomes your next down payment.

02
02

See what you can buy

With a large down payment from the sale, you can often avoid the CMHC premium. The calculators immediately show your new budget.

03
03

Evaluate a condo with full knowledge

The coach helps you read condo fees, the contingency fund and the rules — often overlooked but decisive for peace of mind.

04
04

Think accessibility and long term

Elevator, ground-level entry, accessible shower: set your criteria and each property is evaluated on what matters to you today and tomorrow.

05
05

Understand the multigenerational option

The multigenerational home (a unit for a relative) is gaining popularity. The coach explains the financial and tax implications to consider.

The tools included

My Home — Resale

4 selling modes, net profit and broker vs no-broker comparison.

Calculators

New budget based on your down payment, total condo cost.

Neighborhood analysis

Services, healthcare, transit and quiet — what matters in retirement.

AI coach

Questions on condo fees, the contingency fund, taxation.

Frequently asked questions

Do I pay tax when selling my home in retirement?

Selling your principal residence is generally exempt from capital gains tax in Canada. This means the equity built up can fully serve as a down payment for your next property. For your specific case, confirm with a tax specialist.

Should I sell my house first or buy the condo first?

In a seller's market, some buy first (with a conditional clause); in a buyer's market, selling first reduces risk. A bridge loan can cover the gap. The coach helps you weigh both scenarios based on the current market.

What condo fees and contingency fund should I check?

Read the declaration of co-ownership and the budget: monthly fees cover common maintenance, and the contingency fund should be well-funded (often a recommended minimum as a percentage of the building's value). The coach points out what to examine.

How much is my house worth today?

AcheteurFuté helps you estimate a range from the value you enter, comparables and the neighborhood trend, in the My Home section. For an official value, a professional appraisal is still recommended.

How is a multigenerational home financed?

It is financed like a residential property, but cost-sharing between generations and certain tax implications (income, capital gain on the secondary unit) deserve attention. The coach asks the right questions and directs you to professionals when needed.

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