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While the study examined housing insecurity more broadly, the top concern wasn’t rent—it was the cost of maintaining a home. Here’s a closer look at what’s making homeownership harder for seniors, and a practical roadmap for adapting your finances.
Homeownership no longer guarantees financial security
Owning a home is often seen as a financial safety net—especially compared to renting. But for many seniors, that sense of stability is starting to erode. The University of Calgary study revealed that 34% of senior homeowners are worried about affording upkeep for their homes, and 16% have considered selling their homes due to financial pressure.
Those findings align with what Ben McCabe, founder and CEO at Bloom Finance, is hearing from seniors firsthand…
