Will you be able to afford your home in retirement?
Guess Article By: Ian Webster, Financial Planner
People looking ahead to life after work often have little idea how much money they spend now, let alone 5 or 10 years into the future.
Expenses never really go away. After all, you have to live somewhere. With the rate of home ownership in Canada hovering near 70 per cent, and with household debt near a record high, most people’s financial health is closely tied to the value of their principal residence.