Canadians increasingly regard home as retirement nest egg

I guess this isn't really a shock but the number of people counting on their home to fund their retirement is a lot higher than I would have guessed and I am not so sure it will work out the way most people expect.

Canadians increasingly regard home as retirement nest egg

Doing some quick math:

• Sell home in Surrey: $500,000 
• Buy Condo or Townhouse: $300,000 
• Invest or purchase annuity with remainder: $200,000 gets a lifetime monthly payment of $1,100 for a 65 year old male 

I'm not sure that is exactly the kind of retirement that they were expecting.  I fully expect many retirees to return to work or stay at work.