All about Canadian insurance. Learn the ins and outs and get the latest news.
Latest News
A guide to mortgage calculators Jan 23rd
Owning a home can be a powerful wealth-building tool, but it can also be expensive when you account for the mortgage payment, property taxes, insurance, utilities and maintenance.
To get a clear picture of how a home purchase impacts your finances, you’ll need to determine what purchase price y.... More »
Canada’s best travel credit cards 2022 + MORE Jan 7th
With a good travel credit card in your name, going on a trip can suddenly become more affordable (when you are ready to travel again, of course). And, you can get even more value if you sign up for the right travel credit card—one that doesn’t just focus on points, but also has perks such as lou.... More »
The Power of Positivity: a Q&A With Onlia’s Fernand Vartanian Oct 19th
What’s new in the world of insurance?
Over the last few years, drivers in Ontario have been eligible for discounts or incentives based on safe driving behaviour. Recent regulatory changes mean that now some providers of pay-as-you-drive policies could increase a customer’s premium if the trac.... More »
Updating Your Life Insurance Policy Jan 19th
A life insurance policy is instrumental when it comes to protecting your family and providing for them financially in the event that one or both parents pass away.
How much coverage is required depends on many different factors. Simply put, when a person dies , that person’s estate (consisting o.... More »
The best life insurance in Canada: your complete guide + MORE Dec 30th
Wondering how to get the best life insurance in Canada for you and your family? You’re not alone. The pandemic has shown Canadians that we are not invincible. In fact, 44% of us now plan to buy life insurance because of the effects of COVID-19, but not everyone is confident in understanding what l.... More »
Why is condo insurance going up?
– moneysense.ca
Condo insurance increases have been making headlines. In B.C., there’s been a significant jump in premiums that are making condo-living increasingly expensive. According to online condominium data resource Eli Report, B.C. condos are bracing for insurance increases that range from 25% to a whopping 240% per year (the average budget increase was 35%). Premiums in Alberta have risen at a similarly aggressive pace and in Ontario, prices have risen 8% between 2019 and 2020.
Why are condo premiums are on the rise
What’s fuelling the hike in prices? A perfect storm, according to the December 2020 report from B.C. Financial Services Authority (BCFSA)—and one major culprit is the weather. According to the Insurance Bureau of Canada (IBC), severe weather caused $2.4 billion in insured damage across the country during 2020. The major events included the Fort McMurray floods, Calgary hail storms and wild wind storms in Ontario and Quebec. (And surely, today’s West coast fires will impact future premiums, too)…
