I've said it before, for the large majority of the general population having your home paid off is a huge psychological boost. The reality is that if you are borrowing money at 3% you need to make a GUARANTEED return of 5% because of taxes on the gains just to break even. I don't see a lot of 5% GICs out there and yes there are investments that will return the same or higher averaged out over many years, but they aren't guaranteed. Nobody can predict what the interest rates will be like in five, ten or fifteen years so pay your debts while you can. Consumer debt is one of the biggest cancers on Western society so any move to eliminate it in any form should be applauded.
"Masked Bandit is a gateway drug for frugal spending." - Unknown303