Real estate in Canada: 45% intended to rely on home sale to fund retirement | New survey

Akshay Tandon discusses a new survey showing many Canadians are concerned about their retirement plans as inflation and housing costs rise.

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18 comments

  1. I’m a 30 year real estate investor I have never seen anything like the last two years. If this was sustainable then a home that is worth 500k would be worth 2 million in five year’s I really don’t see that happening

    1. @jack williams I invest across the top markets but not by myself 💯I follow the guidelines of Meghan Ann Brudie you might have heard of her maybe on CNBC. I can correctly say she’s worth her salt as an investment consultant or Advisor as her diversification skills are top notch I say because I see that in her results as my portfolio grows by average of 30 to 50% on a monthly basis, unlike I can say for my IRA which has just been trudging along… 😊👌

    2. @Richard I just looked her up on Google she’s a licensed broker, sent her a message thanks

    3. @jack williams As the economic keep rising, one needs to have different streams of income, a well diversified investment equity in the financial market is needed to survive, as well as secure a profitable investment in the future

    4. @Richard Really! You know her? I even thought I’m the only one she had helped walk the fears and falls of trading
      😊😊

  2. Hmm…so taking out an insanely high mortgage that you’d have no hope of ever fully paying back is a BAD idea?
    Crazy.

  3. We bought our house in 2009 for $128,000. It was only 3 years old and move in ready. Current estated value is about$440,000. So I could put it on the market for $428,000 and walk away with about $300,000. This is absolutely absurd how bad things are getting. My condolences to anyone retiring in this crisis, 30years nonstop just for a crooked system to take all you worked for.

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