Mortgage payments in retirement? Why more retirees are still paying off their home as they exit the workforce

Kuntal Khasnobish
Tuesday, May 27, 2025
Mortgage payments in retirement? Why more retirees are still paying off their home as they exit the workforce
Retirement marks an exciting new chapter for many Canadians, one filled with more personal time, the freedom to explore new interests, and possibly travel. For homeowners, it has traditionally also meant making the final payment on the family property and entering retirement mortgage-free. However, for a growing number of Canadians, that milestone is no longer a given.

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