The latest Manulife Bank Homeowner Debt Survey reveals many Canadians find it difficult to pay for today and plan for tomorrow. 

• Only 4 in 10 are very confident they’ll save enough for retirement
• 1 in 4 expect home equity to make up more than 80% of their wealth at retirement

Faced with rising housing costs, homeowners struggle to balance saving, debt repayment and daily expenses.

Many may arrive at retirement house-rich, but savings-poor, which could require them to make difficult decisions:

• retire later than planned
• accept a lower standard of living
• downsize their home
• borrow against home equity

Helping your clients achieve the right balance of saving, spending and debt repayment can start with a simple conversation. Visit the Debt Solutions Centre on Repsource where you’ll find tips to start the conversations, debt-management worksheets, and more insights to support your advice.