Paying off mortgage sooner among top financial goals

by Steve Randall25 Jan 2017
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.

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