Many downsize because they are tired of the maintenance that comes with being in a home too large for their current needs. 

Many want to simplify their life and give them opportunity for other experiences

Many want to move to get away from all the hustle and bustle of the town/city they have called home for many years for something a little more calm and quiet

Those who lose a siginificant other in their life may be looking for a new home that suits their needs now that they do not have a spouse to help around the house.  

Many will consider a move as they are no longer able to live in the larger home due to mobility issues and need something that has easier access. 

Many want to grown their social networks as they may feel disconnected from their existing neighbourhood which may have seen a change in owners that have less and less in common with them. Adult lifestyle communities are great options for these home owners and it will bring them to a place where there are like minded adults that are looking for others to socialize with. 

It is very common for many to want to get closer to their kids and grandkids, which may live outside the town that they have called home for so many years. Being close to family is a big reason for many looking to downsize. 

Financing your retirement with the proceeds from a sale is also a very common choice for home owners who want to unlock tax-free equity to help pay for retirement activities and adventures.