Quote:
Originally Posted by Winsor_Pilates
Your not the exception to the rule.
The vast majority of Canadians pay off their mortgages ahead of the amortization period.
You're likely the exception if you do it in 15 (awesome!), but most would still do it well ahead of 40.
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I'd like to see some stats on that to confirm your thoughts of these people being in the vast majority. I've seen a lot of numbers indicating how grossly irresponsible canadians (more specifically, albertans) are with borrowing money, re financing and living paycheque to paycheque because of it.
There are many people i know that have no problem leasing 3 luxry cars, a boat and filling their homes with new electronics every year all on top of carrying a 500 grand mortgage over 30 plus years.