Why many Canadians will retire poor

The numbers are in—and they are shocking. A recent survey found that nearly two-thirds of Canadians are worried they won’t have enough saved for retirement. In just one year, the average retirement savings goal jumped from $700,000 to $900,000, reflecting rising living costs and longer life expectancy.

Despite this, the median net worth of Canadians aged 55 to 64 is only $519,700. That’s not annual income—that's their entire financial footprint, including home equity, investments, pensions, and savings, minus debts.

By comparison:

Average net worth of all Canadians: ~$329,900
Estimated retirement target: $1 million+ (especially in places like Langley)
Annual retirement income goal: ~$40,000–$60,000 after taxes

For many, traditional savings and pensions aren’t enough to maintain a comfortable lifestyle, particularly in BC’s high-cost regions like Greater Vancouver and the Fraser Valley.

Real Estate: A Powerful Wealth-Building Tool

Faced with this shortfall, more Langley residents are turning to real estate investing to secure their financial futures.

Langley’s growing population, strategic location, and strong rental market make it a hotspot for smart investors. Unlike traditional RRSPs or volatile stock markets, income-producing properties offer two key benefits:

Steady passive income from rental cash flow
Long-term property appreciation to build net worth

A well-managed investment property can generate $1,500–$2,500/month in cash flow, depending on property type, down payment, and mortgage structure. That’s a serious contribution to your retirement income—one that scales with inflation and market demand.

Closing the Retirement Gap in Langley

To retire securely, the average Canadian will need to supplement their savings with alternative income sources, and real estate is one of the most reliable.

That said, investing in property isn’t passive at first. It requires research, risk management, and smart financing strategies. But with the right guidance, Langley investors can confidently build a secure, scalable retirement plan.

If you're behind on retirement savings, you’re not alone—but you’re not out of options. Start building a better future, one property at a time.

#Retirement Savings #Real Estate Investment #Langley BC #Financial Security #Wealth Building #Retirement Planning #WBNNews Langley #Debbie Balfour

Debbie Balfour |Real Estate Investing Success Coach | Podcast Host | Digital Story Teller Website: www.DebbieBalfour.com Email address: Debbie@DebbieBalfour.com Follow me on LinkedIn: Debbie Balfour YouTube Channel: https://www.youtube.com/@DebbieBalfour