BMO Financial Group
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BMO Financial Group

May 15, 2012 06:00 ET

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

Contact Information

  • To confirm your attendance or if you have any questions,
    please contact:
    Jessica Park, Toronto
    416-867-3996
    jessica1.park@bmo.com