Do you fall into any of these categories?
  • - 75% of Canadians with a mortgage think they will be mortgage-free by the time they reach age 65
  • - 33% of Canadians over the age of 55 still have 16 or more years left on their mortgage term
  • - 96% of Canadians say that a low interest rate is the most important feature when choosing a mortgage; 85% say that accelerated payment options are important
  • - 88% say that flexible payment options are important and desirable features
  • - 41% of Canadian homeowners are mortgage free – the highest level since 2006
  • - 18% of Canadians expect interest rates to rise less than 1% in the next year
  • - 26% of Canadians think interest rates to rise more than 1% in the same time period
*Stats compiled by RBC
post from ComFree.com
How do these statistics make you feel about owning a home? Any questions, comments or concerns?
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