Despite repeated warnings from the Bank of Canada, Canadians seem to be in no particular hurry when it comes to clearing away their mortgages, according to recent research from CIBC. Historically low interest rates are driving this trend, and so is the idea of “good” debt – a notion that didn’t really exist 25 years ago.
http://www.rew.ca/news/canadians-not-paying-mortgages-faster
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