Mortgage insurance is commonly offered in Canada because it’s built into the homebuying process. When finalizing a mortgage, banks often present mortgage life insurance as a way to protect your loan. Yet many homeowners aren’t clear on what that coverage actually does. Industry data show that 58% of Canadians have ...
Life insurance is one of the clearest ways to protect your family’s financial future, but many Canadians still go without it. Recent research shows that about 42% of Canadians either don’t have life insurance or aren’t sure if they do. That’s nearly half the adult population missing a basic safety net. If a key ...
Many Ontario residents still pay for care out of their own pocket, even with public health coverage. In fact, about 32% of Ontario’s total health spending is financed privately, either through out-of-pocket payments or private insurance premiums. That's why health insurance is so important. Costs for things like ...
Choosing the right term life insurance in British Columbia can feel overwhelming, with so many providers offering similar plans. Term life insurance is designed to provide financial protection for a set period, making it a popular choice for families, homeowners, and individuals. This guide highlights five of the ...
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 ...
