Traditionally, paying your mortgage off early hasn’t always been worth it, as the amount of interest generated on investments could be worth more than what you lose paying interest on your mortgage.   However, the one-two punch of the Bank of Canada’s current trend of hiking interest rates, and middling investment returns due to a turbulent economy undergoing high inflation might inspire many to pay down whatever they can. It’s worth watching the market and keeping an eye on interest rates to figure out what’s best for your situation.    Instead, where you will likely want to forgo making extra payments towards your mortgage is if you have other forms of high-interest debt.   For example, if you have credit card debt, tackle that first.  “If you have unsecured credit, always pay it off first. Not many investments are going to make 19%,” says Babbie, referring to the typical interest rate charged by credit card lenders.  “Otherwise, you’re saving on one end and spending on the other.”