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

For many Canadians, the family home is the largest asset, impacting retirement planning significantly. A mortgage-free home reduces fixed expenses, lowering required portfolio income, while carrying a mortgage increases risk. Renting may raise retirement costs due to inflation. Downsizing can unlock equity but affects lifestyle. Home equity can fund long-term care or emergencies but borrowing has costs. Diversification beyond housing is vital to manage risk. Retirement plans should integrate housing roles, market conditions, and personal needs for resilience.