Smaller Space, Bigger Future: Smart Downsizing After Divorce
Divorce is a major life transition, not just emotionally, but financially. For many, the biggest adjustment is moving from the marital home to a smaller property. With equity in the home split between both parties, it’s often necessary to downsize. While it may feel overwhelming at first, downsizing can also be an opportunity to rebuild and start fresh.
The Financial Shift
One of the first things to accept after divorce is that your financial situation will change. If you owned a home together, the equity will be divided, which often means neither person can stay in the home without strain on personal finances, moving forward.
One of the first pieces of the puzzle to know is how much equity is in your house. Knowing this will help to determine how much you will apply to your down payment, which is a percentage of your mortgage.
Second, is to understand what price range you can not only qualify at but also what range you qualify with a mortgage lender.
Third, knowing the additional monthly expenses such as property taxes and utilities and possibly Home Owner Association (HOA) and/or condominium fees.
Embracing Simplicity
Downsizing doesn’t have to be a loss—it can be an opportunity to simplify. A smaller home usually means fewer responsibilities and lower costs, allowing you to focus on rebuilding your life. It’s a chance to reassess your needs. Do you really need extra space, or would a more efficient, smaller home suit you better?
Tips for a Smooth Transition
Set a Budget: Account for more than just the purchase price—include utilities, insurance, and maintenance.
Explore Housing Options: Consider smaller homes that are well-maintained without unnecessary extras or townhomes that provide functionality, often with exterior maintenance included in the monthly expense.
Prioritize Location: Think about convenience, proximity to work, schools, your support network, and other activities that matter to you.
Hire a Knowledgeable Realtor: A real estate agent with experience in post-divorce situations can be a valuable guide in finding a home that meets your needs and checks all the right boxes.
📌 This article was originally published in Divorce Magazine Canada – Spring Issue 2025
🔗 Read the full issue here
Meet the Author - Chris Matlashewski
With over 20 years of experience helping Calgarians buy, sell, and transition with confidence, Chris specializes in downsizing, estate sales, and lifestyle-driven real estate. Born and raised in Calgary, he blends local insight, hands-on renovation experience, and a data-driven approach to help clients make smart, informed moves. He is the author of the Downsize Road Map and a trusted advisor to retirees, empty nesters, and families navigating major life transitions.
Note: The author, compiler and publisher do not assume and hereby disclaim any liability to any party due to these words coming from the author’s own opinion based on their experiences. This account is based on the author’s own personal experience. We assume no responsibility for errors or omissions in these articles.
