Canadians To Pay Off Mortgage Earlier

A poll by CIBC revealed that most Canadians said that getting their mortgage paid off earlier was a significant financial objective. For those with a financial plan, most had their top priority as saving for retirement, while getting rid of credit card and other outstanding debt, together with settling the home loan.

Sarah Widmeyer, the Managing Director and Head of Wealth Strategies of CIBC said; “While most of us have a fairly good sense of our financial goals, so many Canadians do not have a clear roadmap in place to achieve what they want today – and tomorrow.”

For those with no obvious financial strategy, 80 per cent are self-assured that they can be able to keep it together in case of a home repair emergency and 58 per cent is very well assured of their management skills if any member of their household becomes unemployed.

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