this post was submitted on 20 Jul 2026
115 points (96.7% liked)
Canada
12165 readers
658 users here now
What's going on Canada?
Related Communities
🍁 Meta
🗺️ Provinces / Territories
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Northwest Territories
- Nova Scotia
- Nunavut
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
- Yukon
🏙️ Cities / Local Communities
- Anmore (BC)
- Burnaby (BC)
- Calgary (AB)
- Comox Valley (BC)
- Edmonton (AB)
- East Gwillimbury (ON)
- Greater Sudbury (ON)
- Guelph (ON)
- Halifax (NS)
- Hamilton (ON)
- Kingston (ON)
- Kootenays (BC)
- London (ON)
- Mississauga (ON)
- Montreal (QC)
- Nanaimo (BC)
- Niagara Falls (ON)
- Niagara-on-the-Lake (ON)
- Oceanside (BC)
- Ottawa (ON)
- Port Alberni (BC)
- Regina (SK)
- Sarnia (ON)
- Saskatoon (SK)
- Squamish (BC)
- Thunder Bay (ON)
- Toronto (ON)
- Vancouver (BC)
- Vancouver Island (BC)
- Victoria (BC)
- Waterloo (ON)
- Whistler (BC)
- Windsor (ON)
- Winnipeg (MB)
Sorted alphabetically by city name.
🏒 Sports
Baseball
Basketball
Curling
Hockey
- Main: c/Hockey
- Calgary Flames
- Edmonton Oilers
- Montréal Canadiens
- Ottawa Senators
- Toronto Maple Leafs
- Vancouver Canucks
- Winnipeg Jets
Soccer
- Main: /c/CanadaSoccer
- Toronto FC
💻 Schools / Universities
- BC | UBC (U of British Columbia)
- BC | SFU (Simon Fraser U)
- BC | VIU (Vancouver Island U)
- BC | TWU (Trinity Western U)
- ON | UofT (U of Toronto)
- ON | UWO (U of Western Ontario)
- ON | UWaterloo (U of Waterloo)
- ON | UofG (U of Guelph)
- ON | OTU (Ontario Tech U)
- QC | McGill (McGill U)
Sorted by province, then by total full-time enrolment.
💵 Finance, Shopping, Sales
- Personal Finance Canada
- Buy Canadian
- BAPCSalesCanada
- Canadian Investor
- Canadian Skincare
- Churning Canada
- Quebec Finance
- Canada Grown Business
🗣️ Politics
- General:
- Federal Parties (alphabetical):
- By Province (alphabetical):
🍁 Social / Culture
- 2 North American 4 You (Shitposting & Memes, North America focus)
- Ask a Canadian
- Bières Québec
- Canada Francais
- Canadian Gaming
- Eh Buddy Hoser (Shitposting & Memes, Canada focus)
- EhVideos (Canadian video media)
- First Nations
- First Nations Languages
- Indigenous
- Inuit
- Logiciels libres au Québec
- Maple Music (music)
Rules
- Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
What does it mean that you're home is your retirement plan? You'll sell it when you retire? And what, move somewhere cheaper? Doesn't that do weird things to demographics?
You can borrow against its value or reverse mortgage it for money to fund your retirement. Or as you said, many choose to sell their expensive city homes and retire to a small town with lower cost of living. That usually drives up prices in the nearby, more desirable small towns.
Yes, we've already seen that with people moving to the Maritimes to retire. As such Nfld, NS, NB have the highest average age in Canada.
The traditional path is that you have a bigger house when you have children and downsize when the kids leave the family home. By the time this happens, the house has appreciated in value and you can have the extra value as cash for retirement.
Tom Sellek takes your home.