65% of Canadian seniors are choosing not to downsize

New research from RE/MAX Canada reveals that many older homeowners are staying put—largely due to a lack of suitable housing options.

In fact, 65% of Canadians aged 65 and over report limited or no availability of downsizing opportunities within their communities.

This trend has broader implications: when seniors remain in their homes longer, it reduces available housing inventory for younger buyers across the market.

According to 2024 data from Statistics Canada, 18.9% of Canadians are currently aged 65 and older—a figure projected to rise to approximately 25% by 2030.