Staying put vs moving: how to decide

Last reviewed October 30, 2026

Many people would prefer to stay in their own home as long as possible. For some, a few smart changes make that easy. For others, the cost and effort of adapting the house outweigh the benefits of staying. Here's how to weigh it up honestly.

What "aging in place" usually involves

Home modifications

Services

When staying makes sense

When moving makes more sense

Cost to considerStayingMoving
One-timeRenovations and modificationsCommission, legal fees, land transfer tax, moving
OngoingServices (snow, lawn, cleaning, care), maintenance of a larger homeCondo fees or new home costs, possibly lower utilities and maintenance
EquityRemains in the homeSome may be freed up
Non-financialFamiliarity, community, memoriesFresh start, convenience, possibly closer to family

Help with the cost of modifications

Federal tax credits such as the Home Accessibility Tax Credit may help with eligible renovations, and the Multigenerational Home Renovation Tax Credit may apply if you create a secondary unit so a senior can live with family. Programs change, so check the CRA, the Province of Ontario and the City of London for current options.

A third path: living with family

Some families create a secondary suite, such as a basement apartment or garden suite, so a parent can live independently but close by. London permits additional residential units on many residential lots. Our sister site London Income Property explains what's allowed. It's a big decision for everyone involved, so talk openly about privacy, costs and care expectations first.

Safety first, whatever you decide

Whether you stay or move, a few inexpensive changes reduce the risk of falls, the most common cause of injury for older adults: secure handrails on both sides of stairs, night lights in hallways and bathrooms, removing loose rugs, and keeping frequently used items within easy reach. An occupational therapist can do a home assessment and recommend changes specific to you.

A simple framework

  1. List what you'd need to stay safely and comfortably for the next ten years.
  2. Get quotes for the modifications and estimate annual service costs.
  3. Find out what your home would sell for, and what a suitable next home would cost.
  4. Compare the totals, then weigh in the things money can't measure.
  5. Revisit the decision every couple of years, or after any change in health.

There's no wrong answer, only the answer that's right for you right now. What matters is making the choice deliberately, before circumstances make it for you.

Your local agent

A patient guide for a big decision

Selling a home you've lived in for decades and choosing the next one is as much an emotional decision as a financial one. It helps to work with someone who will take the time to explain your options without rushing you. We recommend Rayna Elabed, a Sales Representative with CENTURY 21 First Canadian Corp., Brokerage in London. She works with sellers on pricing and marketing, and with buyers on finding the right next home.

You can browse current London listings, including bungalows and condos, and contact Rayna directly through her CENTURY 21 page.

Visit Rayna's CENTURY 21 page