“33% of Canadians between the ages of 55 and 64 have an outstanding mortgage.”

“33 per cent of respondents between the ages of 55 and 64 had an outstanding mortgage.” – from a Canadian Imperial Bank of Commerce survey, as described in the Financial Post/Vancouver Sun, 16 Aug 2011.

6 responses to ““33% of Canadians between the ages of 55 and 64 have an outstanding mortgage.”

  1. “To own overpriced real estate is glorious.”

    - Deng Meowping

    • This is what savvy investors do in a healthy market. The boom will not end until every single marriage in China is divorced and all renters are dead.

  2. pricedoutfornow

    And yet…the news reported last night that there will be an abundance of jobs in the next 20 years as boomers retire and enjoy their retirement lifestyle. Um. With what money?

  3. in other news…67% of all Canadians b/w 55-64 have no mortgage

    • And 70% of Canadians own which means that not all 67% mortgage free Canadians between the ages of 55 – 64 own property at all. Wonder what that breakdown really is?

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