It’s a common question: Should you pay down your mortgage or save for retirement? Check out what most Canadian homeowners are choosing to do.
Most Canadian homeowners are making paying off their mortgages a higher priority than saving for their retirement, according to the latest numbers from Sun Life Financial’s Canadian Unretirement IndexTM. That could be a smart move, if most were planning on using their home equity to help fund their retirement. But the same survey shows that’s not the case.
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