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Home Insurance Increases 2014: Plan to Pay More + MORE May 14th
Regardless of your claims history, expect to pay more for home insurance this year, thanks largely to the severe weather trend that has battered the country.
Widespread flooding in southern Alberta and Ontario last summer, combined with brutal ice storms across much of the country, produced a recor.... More »
Auto Insurance Rates Down 4.66% In Ontario + MORE Jan 18th
The first round of discounts as a result of the Ontario Government’s Cost and Rate Reduction Strategy are hitting car owner’s pockets. Average auto insurance rates have dropped 4.66 per cent so far this year, according to the Finance Services Commission of Ontario.
The Strategy is part of an .... More »
Ontarians pay too much for car insurance, report finds + MORE Apr 13th
A new report from the York University Schulich School of Business suggests drivers in Ontario “pay far too much” for car insurance.
Business professors Fred Lazar and Eli Prisman are set to release the report on Friday, which was commissioned by the Ontario Trial Lawyers Association.
Although dr.... More »
The best life insurance in Canada for 2023: Your complete guide Aug 16th
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Best life insurance in Canada for 2023
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What is pet insurance—and do you need it? + MORE Sep 25th
Did you know that 60% of Canadians have a pet, but only around 4% of these furry friends are covered by pet insurance? If you’ve put off purchasing pet insurance because you’re unsure what it is or whether you even need it, we’re here to help.
As pet insurance becomes more common and availa.... More »
MONTREAL – Rogers Communications’ exclusive $5.2-billion deal with the National Hockey League is seen…
Should CMHC Insurance Premiums Be Lower For First-Time Buyers?
– ratesupermarket.ca
Buying a home today is more expensive than ever. In economic hubs like Vancouver and Toronto, prices continue to climb into the stratosphere. You can expect to spend on average a whopping 87 per cent of your median household income on housing in Vancouver, while you’ll spend 62 per cent in Toronto. It’s no wonder first-time homebuyers are struggling to get started in the housing market!
No Such Thing As A Starter Home?
The housing market is quickly getting out of reach for our youngest adult generation. With bleak job prospects and an average of $26,000 of student debt, it can be tough to save even the minimum five per cent down payment. Brian Bell, a real estate broker and former mortgage default insurance executive, believes first-time homebuyers need a break. He has started a petition urging CMHC to lower its insurance premiums by 15 per cent for first-time homebuyers.
The Affordability Struggle
In Toronto the average selling price of homes reached a staggering $539,058 in October 2013…
