News Releases
Media Advisory-BMO Media Panel: Canadians, Mortgages and Retirement
- BMO Financial Group to hold conference call on the issues Canadians face regarding mortgages and retirement
- Almost half of Canadians aged 50 to 59 currently have mortgage debt
- Debt is the number one barrier preventing Canadians from saving for retirement
TORONTO, ONTARIO--(Marketwire - May 15, 2012) - Many Canadian homeowners are juggling the responsibilities of balancing mortgage payments and saving for retirement. Retiring with debt can drastically affect short-and long-term financial goals and plans.
According to Statistics Canada:
- More than three-quarters of Canadians aged 50 to 59 own their homes; almost half carry a mortgage
- For those aged 60 to 69, 75 per cent own their homes and more than a quarter still have a mortgage
BMO experts will present key findings from a new study on debt and retirement and address the issues they raise. A media Q&A will follow the presentation.
Details:
| What: | Mortgage and Retirement Panel |
| Who: | Tina Di Vito, Head, BMO Retirement Institute |
| Laura Parsons, Mortgage Expert, BMO Bank of Montreal | |
| When: | Wednesday, May 16, 2012; 10:00 a.m. - 10:30 a.m. EDT |
| Media Dial-in: Toll Free 1-888-789-9572 or 416-695-7806 |
| Pass code: 1659626 |
For further information:
To confirm your attendance or if you have any questions,
please contact:
Jessica Park, Toronto
416-867-3996
jessica1.park@bmo.com
please contact:
Jessica Park, Toronto
416-867-3996
jessica1.park@bmo.com
