Although optional, every car owner knows that getting car loan insurance is wise. In most provinces throughout Canada, the law requires car owners to carry the following: third-party liability accident benefits compensation for property damage insurance In most cases, car owners seek out the best ...
Car loans have been a popular way to finance a vehicle in Canada for years. Statistics show that over 12% of Canadians plan to take out a car loan in the first quarter of 2023, a 1% increase from 9% in 2022. Like anyone around the globe, however, Canadians go through a long-term budget arrangement and find new ways ...
Buying a car in Canada is among the most expensive purchases consumers make. As of April 2022, the average price of a used vehicle in the country ranges between $33,359 and $46,651. For new cars, it can range from $39,755 to $69,960. Most Canadians finance their vehicles via car loans. Therefore, it’s vital to ...
Due to COVID-19, approximately 30% of workers in Canada have worked remotely, and the trend is expected to continue. While there are obstacles to overcome when working from home, there are significant advantages, like higher productivity and an improved work-life balance. Below, you'll see fascinating statistics ...
Assuming the role of a cosigner for a loan involves undertaking shared financial responsibility with the primary borrower. If the borrower fails to meet their payment obligations, they are responsible for covering the remaining balance. Given the magnitude of this commitment, it's perfectly reasonable if they wish ...
Globally, the restaurant industry is a component of the economy, serving as a hub for social gatherings, culinary experience, and employment opportunities. However, it is an ever-evolving sector that faces challenges and adapts to shifting consumer preferences. It is essential to analyze the prevailing trends to ...
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From hockey madness and maple syrup on one side of the border to NFL obsession and hot dogs on the other—Canada and the U.S. have their fair share of unique quirks! For instance, while a Prime Minister leads up north, a President is elected every four years in the south. Also, apart from the polite apologies ...
A new car costs nearly $58,000 on average. Car ownership has increased to 83% of Canadians. While having a car is convenient, not everyone can afford one outright, so most people take out auto loans. However, certain requirements must be met before anyone qualifies for a car loan. Read this article to find out what ...
Getting a car loan can have a wide range of effects on your credit. As your debt load increases, your credit score may experience a minor drop. However, it will rise as you make timely loan repayments. If you have a more pressing question on whether a car loan affects your credit score, this article is for you. ...
