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Anne T. Donahue: How I Stopped Romanticizing the Millennial Obsession With Productivity Jun 5th
In November 2019, I got in a car accident. Driving home to Cambridge, Ont. from Toronto one evening, I crashed into a car that had, seconds before, crashed into somebody else. All parties involved were lucky: No injuries were life-altering. My insurance would help me replace my totalled car, and the.... More »
BREAKING: Ontario Car Insurance Rates Increase + MORE Apr 20th
Here at RateSupermaket.ca, we keep you in the loop of different ways to save, whether it be on your mortgage, through investments, or on your car insurance. The Financial Services Commission of Ontario (FSCO) has reported that Ontario car insurance rates have increased by 1.24 per cent on average..... More »
New mortgage rules take effect today Oct 18th
TORONTO – New federal rules that will cut into the purchasing power of some first-time homebuyers take effect today.
The rules involve a stress test for all insured mortgage applications to ensure the borrower can still service their loan in the event interest rates rise or their personal financia.... More »
How condo insurance works Jul 26th
Condo insurance is a smart decision. Regardless of whether you just purchased a brand new loft or a cozy older suite, you’ll need to make sure your asset is protected.
While condominium insurance is not required by law like car insurance, often mortgage lenders or your building will require you .... More »
These are the most expensive postal codes for auto insurance in the city. Here’s how you can save if you live in one + MORE Mar 16th
The City of Toronto came in as the seventh most expensive city in the province for auto insurance, with the most expensive postal codes — M3N and M9M — in Humber River-Black Creek..... More »
5 questions you have about the housing market
– moneysense.ca
(Getty Images / Dimitri Otis)Markets are frothy. Emotions are high. Yet, all you really want is to know whether or not the single largest investment you made will avoid a price crash and continue to add substantial value to your net worth statement. To help, here are five answers to questions you may be asking about Canada’s real estate market and recent announcements that impact these markets.
1) Will there really be a 50% drop in housing prices?
Earlier this week Canada’s banking regulator asked certain financial institutions to stress-test a 50% decline in house prices for the Vancouver market, a 40% decline in house prices for homes in the Greater Toronto Area, and a 30% decline in prices across the rest of Canada. (To read the full CBC.ca story, go here.) Headlines focused on “sharp drop” and “price crash,” but rather than fear the worst we should be applauding this scrutiny.
One of the primary roles of the Office of the Superintendent of Financial Institutions (OSFI) is to act as Canada’s risk manager for the financial services and insurance industries…
