Canadians expect to-be mortgage free later

Globe and Mail

A new survey says Canadians, on average, expect to be mortgage free by age 58, one year later than in a similar poll a year ago.  But the survey, conducted for CIBC by Angus Reid, found some big discrepancies across the country.  For example, homeowners in British Columbia thought they wouldn't be able to pay off their mortgages until they hit 66, while those in Alberta expected to be mortgage-free more than a decade earlier at 55.

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Michael James

Michael James

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CENTURY 21 Explorer Realty Inc., Brokerage*
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