An Interview Of Mr. Connor 's The Real Estate Market And Its Effects On The Elder Canadians

881 Words Dec 5th, 2014 4 Pages
The report is based on an interview of Mr. Dean Connor, CEO, Sun Life Financial, which addresses a major potential issue in the real estate market. The report shows the concern of
Mr. Connor regarding the dynamic real estate market and its effects on the elder Canadians. According to Mr. Connor, the debts on the mortgage should be closed before retirement. The interest rates are apparently increasing and this would decrease the value of real estate business soon. And he is afraid that majority of the Canadians will be affected because most of their assets are tied up in the real estate market. The report concludes by giving a Sun Life Financial survey result which says that, 24% of Canadians are planning to use their home as the primary source of retirement income.

Introduction
Falling interest rates on real estate market is drawing many Canadians to buy the mortgage on a long term interest payment scheme. This is potentially affecting the retirement savings of the senior Canadians roughly. The housing prices remain overvalued independent to the price to income ratio. It’s a fact that the real estate sector has helped the country’s economy to improve after the big recession. Nevertheless to say that the sector has wiped off unemployment which was a major issue during recession. It also produced many financial organizations which came up to help the citizen to achieve their dream of having their own house, car and other assets. But the same has turned out to be the most…

More about An Interview Of Mr. Connor 's The Real Estate Market And Its Effects On The Elder Canadians

Open Document