Business News Network | 24% of Canadians see homes as key source of retirement income
Almost one quarter of Canadians say they are looking to their homes as the primary source of retirement income, according to new research.
Twenty-four percent of respondents to Sun Life Financial’s annual “unretirement” survey said they agree with the statement, “My residential real estate will serve as my primary source of retirement income.”
Another 17 percent said they don’t know and 59 percent said they disagree.
“We were really quite surprised to see such a high percentage of Canadians thinking of using their homes as a primary income source of retirement and another 17 percent saying they weren’t quite sure,” Kevin Dougherty, president of Sun Life Financial Canada, said in an interview.