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Why homeownership isn’t guaranteeing financial security for seniors

– moneysense.ca

There’s a common belief that homeownership guarantees financial security, but a new study from the University of Calgary challenges that idea. The March 2025 Social Policy Trends study surveyed 715 Albertan seniors—both homeowners and renters—about their financial situations.

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…

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