24% of Canadians see their homes as main source of retirement income

Almost a quarter of Canadians expect their homes will be their primary source of income when they retire, a new survey suggests.

With residential home values at or near all-time highs in many cities across Canada, it appears many people are eyeing their homes' market value as a store of potential income after they stop working.

The survey found 24 per cent of those polled planned to use their homes as their main retirement income. Another 17 per cent indicated they didn't know if their home equity would serve as their primary income source..

Read the full article at The Globe and Mail