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While homes have long been a source of wealth for Canadians, they\u2019re now taking on an even bigger role in retirement planning. <\/p>\n
New data shows 62% of adults view homeownership as central to their long-term security, with nearly half of unretired homeowners (44%) planning to sell their home to fund retirement, according to the 2025 Canadian Retirement Survey from the Healthcare of Ontario Pension Plan (HOOPP). <\/p>\n
At the same time, concerns about mortgage debt are rising sharply as 65% of homeowners with a mortgage now worry they won\u2019t be able to pay it off before retirement, up from 45% in 2023. <\/p>\n
The survey also highlights the financial divide between homeowners and renters. Among unretired Canadians, 71% of homeowners said they have set aside money for retirement at some point, compared with just 36% of non-homeowners. <\/p>\n
That disparity extends to total savings as well. Just 19% of homeowners reported having less than $5,000 set aside, compared with 57% of non-owners. By contrast, 18% of homeowners reported having over $200,000 in savings compared to just 3% of non-owners. <\/p>\n
Despite this advantage, many homeowners remain uneasy about their retirement outlook, with 44% saying they are counting on the sale of their home to secure their financial future. That\u2019s up from 42% in 2024 and 38% in 2023. <\/p>\n
Another 33% say they are exploring remortgaging options in retirement to free up additional funds. <\/p>\n
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Last modified: August 14, 2025<\/p>\n<\/p><\/div>\n