Could Housing Wealth Become the Missing Piece in Canadian Retirement Portfolios?

As a Surrey finance expert, I often hear clients wondering if their home could be the key to a comfortable retirement. Owning your home outright can certainly help reduce your expenses in retirement, while carrying a mortgage or renting can add financial pressure. For some, downsizing allows them to unlock equity, though this may come with lifestyle adjustments. Accessing home equity can also offer a financial cushion for unexpected expenses or care needs. Still, as I regularly remind those I work with—balanced financial health means not relying solely on real estate. Diversifying your retirement portfolio beyond your home is a vital step for effective risk management and long-term stability.