What's the Top Financial Priority for Canadians?
According to a recent article by MortgageBrokerNews.ca it's paying off your mortgage. What percentage of Canadians are making it their top priority and what are some of the other important priorities? The details are within the full article below:
"More than a third of Canadians polled by CIBC said that paying off their mortgage sooner was a key financial goal."
Among those with a financial plan, saving for retirement was the priority of more than half while eliminating credit card or other debt was in joint second place alongside clearing the home loan.
"While most of us have a fairly good sense of our financial goals, so many Canadians do not have a clear road map in place to achieve what they want today – and tomorrow," says Sarah Widmeyer, Managing Director and Head of Wealth Strategies, CIBC.
Even among those with no clear financial plan, 80 per cent are confident that they could manage in the event of an emergency home repair and 58 per cent are confident in their ability to manage if someone in the household lost their job."
For ideas and help on paying down your mortgage faster or even any of the other financial priorities feel free to give me a call or email me at email@example.com anytime.
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