Auto loans for newcomers—questions to ask when buying your first car in Canada​ Dec 22nd

There are more insurance options in Canada than you can shake a stick at! Stay on top of the best policies right here.
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How to negotiate a job offer to get better benefits Jun 5th

Not all workplace benefits plans are created equal. Experts say it’s important to understand what’s in the plan before signing a contract at a new job, and whether there’s room to negotiate some extra perks better tailored to your life. “Sometimes, benefits programs can seem really bright.... More »
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Perks with Purpose: Unlocking the Power of Group Benefits Sep 29th

In today’s competitive job market, offering a robust group benefits package isn’t just a perk—it’s a strategic necessity. Whether you’re an HR professional, a small business owner, or an employee trying to decode your coverage, understanding the basics of group benefits is essential. .... More »

The state of the Canadian used car market: Trends, insurance, and the true cost of ownership Mar 9th

If you’ve been watching used car prices over the past year, you’re probably wondering if they’ll keep accelerating. Before you make a plan to trade in your vehicle or decide how much of a down payment to make, take a moment to anticipate what’s going on in the used car market this year. W.... More »

Canada’s home insurance under pressure as extreme weather costs rise Feb 21st

Canada’s home insurance safety net is starting to fray at the edges as the costs of extreme weather continue to rise. While competition is still healthy, and the country has so far avoided the coverage deserts growing in the United States, insurers are paring back policies in a variety of ways to .... More »

The biggest car insurance myths, according to experts Oct 31st

The auto insurance world is rife with misconceptions, experts say, and not knowing fact from fiction could end up costing drivers thousands of dollars.  There are several reasons why insurance myths exist, said Steven Harris, licensed insurance broker and LowestRates.ca expert. “(Insurance.... More »
Auto loans for newcomers—questions to ask when buying your first car in Canada​Buying a car in Canada can be a daunting task for newcomers to the country, facing unique challenges like a lack of credit history, an unfamiliar selection of vehicles, new regulations, and new financing and insurance options. Below, we’ll dive into the important steps, tips and pitfalls to help newcomers successfully navigate the Canadian car-buying journey. We’ve included insights from Janet Gray, an advice-only Certified Financial Planner with Money Coaches Canada.

What is the average car price in Canada?

According to CanadianAutoDealer.ca, the average transaction price for a new passenger car in Canada is about $46,000, and the average transaction price for a new light truck (pickup or SUV) is about $54,000. Just under 9 in 10 vehicles sold in Canada are light trucks. Fewer shoppers than ever are choosing to drive passenger cars, and fewer automakers are selling them.

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