Retirement means different things to different people. Transitioning from working life to retirement takes careful financial planning and decision-making. It's important to give yourself plenty of time to prepare.

In our Investing As We Age research study, we noted that many Ontarians could be overestimating their ability to finance their retirement using their homes. We found that nearly half (45 per cent) of pre-retired Ontario homeowners are relying on the value of their home increasing to fund their retirement. Homeowners without any retirement savings or plan are among those most likely to be counting on the continued appreciation of their home.

While many people will say that their home is their most valuable asset, owning a home is not a substitute for retirement planning.

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