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Latest News
CMHC to raise mortgage insurance premiums for new homebuyers as of March 17 + MORE Jan 18th
OTTAWA _ Canada Mortgage and Housing Corp. is raising the cost of mortgage loan insurance for new homebuyers effective March 17.
The Crown corporation estimates the increases will add about $5 to a monthly mortgage payment for its average homebuyer.
“We do not expect the higher premiums to hav.... 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 »
Insurance Fraud: The Leading Cause of High Insurance Premiums for Canadians Jul 2nd
An ever-present, growing problem in the Canadian insurance industry is fraud. What some view as a “victimless crime” can affect thousands of insured Canadians.
Insurance fraud can be well planned with a network of perpetrators working in tandem, or committed by a single person in a moment of du.... More »
Video: Do you really need condo insurance? Dec 6th
Condo insurance is what it sounds like: coverage for your condominium. But watch this video to learn exactly what it covers and the difference between your condo policy and the policy of your home owner association (HOA) or condo corporation. It’s worth a few minutes of your time.
Watch: Mone.... More »
How to Save on Life Insurance + MORE Feb 20th
The brokers here at Baker & Baker Benefits have been helping Canadians get life insurance for several years now, and we enjoy passing on our knowledge and experience to the Canadian public.
In keeping with this spirit, here are some insightful tips on how to save money when buying a Canadian lif.... More »
ObamaCare's Oligopoly Wave
– online.wsj.com
Bigger insurance, bigger medicine, and a health consolidation frenzy.Canada’s Housing Market is Biggest Economic Risk: Bank of Canada
– ratesupermarket.ca
The dropping price of oil has topped business headlines since January, but it’s not the biggest threat to Canadian coffers – that honour goes to consumers’ household debt levels, and the too-hot-to-handle housing market.
The Bank of Canada has revealed in its semi-annual Financial Systems Review (FSR) that its biggest concern is a potential housing crash. This contrasts with their stance early in the year, when the commodity’s dropping value – over 40 per cent since last summer – caused the central bank to cut interest rates as a form of economic “insurance”.
Though the reverberations of that dramatic drop are still being felt amid job losses in parts of the country, oil has since slightly recovered, and our housing market takes the spotlight once again. Here’s what to make of the BoC’s latest statement.
Also read: Canadian Economic Forecasts Cut as Oil Drops>
The Impact of Oil Has Been Regional
The BoC states in the FSR that, “given that the oil-price shock is predominantly supply-driven, the negative impact of low oil prices on aggregate income, while large, will be concentrated in the oil-producing regions…
