Homeowners breakdown with paid/unpaid mortgages. Which is quite interesting. Ownership with a life long mortgage is not that good sounding thing. Regardless, it still shows what Canada is in fact not even in the first half for home ownership in OECD.
I’m about to refinance again (in the US) and while I can readily afford our current 15-year mortgage, I’m likely to take out a fresh 30-year-fixed. Why shouldn’t I? It’s almost sure that risk-free rates will rise over that time and may even exceed the mortgage rate during that period.
In such a situation, a lifelong mortgage is exactly what I want to have.
And I’m not sure what your link shows? It looks at homeowners only?