For many Canadians who haven't been able to save enough, Plan B for retirement savings is to tap the value of their home.

According to a study by Sun Life Financial, 24 per cent of Canadians believe their home will be a primary source of retirement income.

With the current high values of real estate, it may seem like a safe assumption.

But for the baby boomers, demographics may work against them when it comes time to unlock the value of a home.

The boomers’ rush to form households helped push house prices higher through the 1980s and 1990s, but the generation behind them is much smaller. Many analysts believe house prices could take a big correction by the time the bulk of the baby boom generation are considering moving to a smaller property.

Similarly, the smaller condos or lakeside retirement properties they covet could spike in price.

In an interview with CBC’s The Lang & O’Leary Exchange, Naveen Gopal, portfolio manager at Pacifica Capital Management in Vancouver, looks at the options for people who need to tap the value of a home in retirement.