A survey by RBC reveals that, as Canadian retirees face a retirement that could last three decades, the questions they most often ask is if they will have enough money in their retirement (46 per cent) followed by how to make the most of their savings (26 per cent) and how to deal with inflation (20 per cent).
Only 13 per cent of respondents asked if they should downsize or sell their home, slightly less than the proportion who were concerned about managing debt or earning income in retirement.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Baby boomers are asking many questions about how their retirement may play out but it seems downsizing their home is not one of the top priorities.