Many Ontarians could be overestimating their ability to finance their retirement using their homes, suggests new research released today by the Ontario Securities Commission (OSC).

The survey found that 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. 

Not a substitute for retirement planning

"Owning a home is not a substitute for retirement planning," said Tyler Fleming, Director of the Investor Office. "Research like our Investing As We Age study is key to improving our understanding of investor needs and issues. It provides important, evidence-based inputs into the OSC's policy development and our investor education and outreach."

The OSC's research was conducted by Innovative Research Group and involved an online survey of 1,516 Ontarians, aged 45 and older, between May 9 and 16, 2017.