According to the latest sales figures, the downward trend in Vancouver's real estate market is firmly in place. While this is great for potential buyers, it is troubling for retirees who are counting on their homes' equity to help fund their retirement. For many of the two million homeowners in B.C., their home is their largest financial asset, so a significant drop in value will impact their retirement plans. It is important to first put together a financial plan, which is an evaluation of your current financial situation. The purpose of a financial plan is to set goals and monitor progress, which is impossible if you are not working with current data.

Source: CBC News March 10, 2019 14:00 UTC