Mortgage-Free Retirement Faces Mounting Challenges in Canada
Tuesday, May 27, 2025, 4:20 am
Recent reports reveal that many of Canada’s soon-to-be retirees may find themselves still paying off mortgages, as shifting housing costs and financial pressures hinder the prospect of a debt‐free retirement. The new data indicate that nearly one-third of future retirees are burdened by mortgages, complicating long‐term financial planning.
State of retired home owners CP24
Retiring mortgage-free may be a reality for a shrinking number of Canadians. A recent Leger survey finds that an increasing number of homeowners expect to carry repayments into their “golden years.” Royal LePage, which commissioned the report, calls it a new real estate reality shaping up for…
Nearly a third of Canadians retiring within the next two years won't have their home paid off, survey says
Paying a mortgage will be a cost that three out of every 10 retirees must manage in 2025 or 2026, according to a Royal LePage report. The real estate company said Tuesday that 29% of those planning to retire this year or in 2026 will still be paying a mortgage when they stop work. “The […]
For nearly a third of soon-to-be-retired Canadians, living a mortgage-free retirement may not be on the cards for at least a few years, a new report says.
C’est ce qu’on apprend dans un sondage Léger réalisé pour l’agence immobilière Royal LePage.
permalink / 6 stories from sources in 35 hours ago #finance #housing #canada #retirement
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