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7 STATISTICS ON CANADIAN HOMEOWNERS

Friday, March 9, 2018   /   by Ruth Ballantyne

7 STATISTICS ON CANADIAN HOMEOWNERS


Do you fall into any of these categories?


  • - 75% of Canadians with a mortgage think they will be mortgage-free by the time they reach age 65

  • - 33% of Canadians over the age of 55 still have 16 or more years left on their mortgage term

  • - 96% of Canadians say that a low interest rate is the most important feature when choosing a mortgage; 85% say that accelerated payment options are important

  • - 88% say that flexible payment options are important and desirable features

  • - 41% of Canadian homeowners are mortgage free - the highest level since 2006

  • - 18% of Canadians expect interest rates to rise less than 1% in the next year

  • - 26% of Canadians think interest rates to rise more than 1% in the same time period


*Stats compiled by RBC

post from ComFree.com

How do these statistics make you feel about owning a home? Any questions, comments or concerns?

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Ballantyne Professionals | RE/MAX Realty Services Inc.
Ruth Ballantyne
295 Queen Street E
Brampton, ON L6W 3R1
905-456-1000

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®.
Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2021 Last Updated May 13, 2021
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