Canadians paying off their mortgages

Canadians paying off their mortgages

A study released Tuesday, indicating a healthy mortgage industry, may stop Finance Minister Joe Oliver in his tracks “The dream of mortgage freedom is less than 10 years away for 37 per cent of Canadian mortgage holders, according to Scotiabank's Mortgage Landscape Study,” an official release from Scotiabank states. “More than two-thirds (68 per cent) of mortgage holders have taken steps to pay off their mortgage faster, including increasing the frequency of regular payments (39 per cent), increasing regular payment amounts (25 per cent), and making additional lump sum payments (24 per cent).” read more HERE

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