Quote:
Originally Posted by AMG_G
$3,544 sad...yet half the boomers don't plan on downsizing their homes....how does that add up? Also, 1.8 million people took money out of their RRSP to buy a new home but 47% fail to make the annual repayments...Something's gotta give....Pay yourself first people.
http://www.canadianmortgagetrends.co...yers-plan.html
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If the average Canadian is saving $3,544 annually, that's not
that bad. The average salary in the country is
$47,200 per year, so the average person is saving 7.5%. It's certainly not as much as I would recommend saving, but I honestly expected the number to be lower.