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chemgear · 11-17-2011, 01:49 PM

"It's totally not debt if you're not going to repay it before you die":

http://business.financialpost.com/20...ir-70s-survey/

Survey results suggest Canadians might have unrealistic expectations of when they’ll be mortgage-free.

The Royal Bank of Canada poll, released Thursday, showed 72% of respondents with a mortgage expect to have it fully paid off by the time they are 65. However, it also found that 33% of those 55 or older still have at least 16 years left on their mortgages.

Among those between 18 and 34, 12% thought they would be mortgage-free by the age of 35 and 26% by the time they are 45.

11-17-2011, 01:49 PM	#141
chemgear Franchise Player Join Date: Feb 2010 Exp:	"It's totally not debt if you're not going to repay it before you die": http://business.financialpost.com/20...ir-70s-survey/ Survey results suggest Canadians might have unrealistic expectations of when they’ll be mortgage-free. The Royal Bank of Canada poll, released Thursday, showed 72% of respondents with a mortgage expect to have it fully paid off by the time they are 65. However, it also found that 33% of those 55 or older still have at least 16 years left on their mortgages. Among those between 18 and 34, 12% thought they would be mortgage-free by the age of 35 and 26% by the time they are 45.