{"id":656,"date":"2013-01-12T18:56:05","date_gmt":"2013-01-12T23:56:05","guid":{"rendered":"http:\/\/www.olgaouspenski.net\/?p=656"},"modified":"2013-01-12T18:56:05","modified_gmt":"2013-01-12T23:56:05","slug":"cooling-house-market-could-undercut-retirement-plans","status":"publish","type":"post","link":"https:\/\/www.olgaouspenski.net\/blogwp1\/cooling-house-market-could-undercut-retirement-plans\/","title":{"rendered":"Cooling house market could undercut retirement plans"},"content":{"rendered":"

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A cooling housing market and reduced demand for large, single-family dwellings could leave some empty nesters short on cash for retirement. (Evan Mitsui\/CBC)<\/figcaption><\/figure>\n

Investors hear it all the time: real estate is a sure thing. Or, at least, it’s as close to a sure thing as can be expected; safer than going for a white-knuckle ride on the stock market and seemingly simpler than muddling around with bonds and\u00a0<\/span><\/span>RRSPs<\/span><\/span><\/span><\/a>.<\/span><\/span><\/span><\/p>\n

Property values, proponents of this mantra like to say, only partly in jest, will keep going up so long as we’re making new people faster than we’re making new land.<\/span><\/span><\/span><\/p>\n

This is, experts warn, an over-simplification, and one which creates risk for those who plan to use real estate to bankroll their retirement.<\/span><\/span><\/span><\/p>\n

A recent\u00a0<\/span><\/span>report from the Bank of Montreal<\/span><\/span><\/span><\/a>\u00a0says almost one in three Canadians, upon finding they do not have enough money set aside to retire, have sold their homes in order to generate more cash \u2014 opting for a smaller house, condominium or rental unit.<\/span><\/span><\/span><\/p>\n

Downsizing after one’s children move out makes sense. But financial planners warn that selling off real estate is no replacement for more\u00a0<\/span><\/span>conventional retirement savings<\/span><\/span>, despite Canada’s healthy housing market.<\/span><\/span><\/span><\/p>\n

“Memories are short,” says Peter Drake, vice-president of retirement and economic research at Fidelity Investments in Toronto. “That’s especially true [in real estate] where we’ve had a long, good run in most of Canada. People tend to assume just because something’s been true for two or three years that it’s always been true.”<\/span><\/span><\/span><\/p>\n

[button link=”http:\/\/www.cbc.ca\/news\/business\/taxseason\/story\/2012\/12\/14\/f-rrsp-2013-retirement-real-estate.html” style=”info” window=”yes”]Full Article[\/button]<\/p>\n

Source :\u00a0http:\/\/www.cbc.ca\/news<\/a><\/p>\n

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  Investors hear it all the time: real estate is a sure thing. Or, at least, it’s as close to a sure thing as can be expected; safer than going for a white-knuckle ride on the stock market and seemingly simpler than muddling around with bonds and\u00a0RRSPs. Property values, proponents of this mantra like to … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[61,58,59],"tags":[63,14,16],"class_list":["post-656","post","type-post","status-publish","format-standard","hentry","category-info","category-real-estate-2","category-tendances","tag-montreal","tag-news","tag-real-estate"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p1UEHj-aA","_links":{"self":[{"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/posts\/656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/comments?post=656"}],"version-history":[{"count":7,"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/posts\/656\/revisions"}],"predecessor-version":[{"id":663,"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/posts\/656\/revisions\/663"}],"wp:attachment":[{"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/media?parent=656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/categories?post=656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.olgaouspenski.net\/blogwp1\/wp-json\/wp\/v2\/tags?post=656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}