Should Eleanor, 67, sell her nest to fund retirement?

28 November 2013
2,730 Views

The Globe and Mail, JOEL SCHLESINGER

Eleanor lives in a nice neighbourhood in Toronto in a heritage home that is a gold mine of equity.

Yet that wealth is out of reach for the 67-year-old, single retiree, and she now wonders whether she should sell it to capitalize on its $750,000 of equity.

“I get a lot of pressure from people who are looking at me and saying, ‘I have a lot of capital invested in the house,’” she says.

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