• - 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

post from ComFree.com