Whereas properties have lengthy been a supply of wealth for Canadians, they’re now taking up a fair larger position in retirement planning.

New information exhibits 62% of adults view homeownership as central to their long-term safety, with practically half of unretired householders (44%) planning to promote their house to fund retirement, in accordance with the 2025 Canadian Retirement Survey from the Healthcare of Ontario Pension Plan (HOOPP).

On the similar time, considerations about mortgage debt are rising sharply as 65% of house owners with a mortgage now fear they received’t be capable of pay it off earlier than retirement, up from 45% in 2023.

Owners extra more likely to save, however nonetheless nervous

The survey additionally highlights the monetary divide between householders and renters. Amongst unretired Canadians, 71% of house owners stated they’ve put aside cash for retirement sooner or later, in contrast with simply 36% of non-homeowners.

That disparity extends to complete financial savings as properly. Simply 19% of house owners reported having lower than $5,000 put aside, in contrast with 57% of non-owners. In contrast, 18% of house owners reported having over $200,000 in financial savings in comparison with simply 3% of non-owners.

Regardless of this benefit, many owners stay uneasy about their retirement outlook, with 44% saying they’re relying on the sale of their house to safe their monetary future. That’s up from 42% in 2024 and 38% in 2023.

One other 33% say they’re exploring remortgaging choices in retirement to unencumber extra funds.

Different key findings

78% of mortgage holders stated rising funds have pressured or will pressure them to chop again in different areas simply to maintain up with housing prices.
An equal 78% stated larger mortgage funds are decreasing their potential to save lots of for retirement.
Youthful Canadians are particularly more likely to anticipate to depend on housing wealth, with 55% of these aged 18 to 34 planning to make use of the sale of their house to fund retirement (in comparison with 44% total and 41% of these aged 55 to 64).
38% of house owners stated they’d promote their house and downsize in the event that they wanted additional retirement revenue.
- 24% stated they’d think about going again to work full- or part-time
- 14% stated they’d use a reverse mortgage to remain of their house
46% of Canadians are involved about mortgage, lease or different house funds in retirement.
48% of Canadians stated they’re nervous about what rates of interest will do to their potential to afford present or future mortgage funds.
84% of renters stated they’re nervous in regards to the rising value of lease.

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Final modified: August 14, 2025