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Drivers who ignore the rules of the road may get slapped with a traffic conviction and higher auto insurance premiums for up to three years. Find out the most ticketed cities in Alberta.
Hayley Vesh is an editor/writer in the personal finance space. Her work has also appeared in Global News. She is passionate about financial literacy and the pursuit of knowledge through lifelong learning.
March 9, 2023
If your pet loves being close to you, think twice before letting them join you in the driver’s seat. You could face a ... Read more
February 14, 2023
While Lyft and Uber provide commercial insurance that covers you while you’re providing the service, you’re still re... Read more
January 12, 2023
While it may seem daunting to switch car insurance providers, it is a great way to regain some control over rising rates... Read more
Is owning a house in Toronto even possible anymore? Well, the reality is, it depends on how much you make. We break down exactly what salary you have to take home to afford a $1-million house in the Big Smoke.
This article has been updated from a previous version.
Oh, Toronto housing.
Until recent years, hopeful homebuyers in Toronto would often start their housing journey by scooping up a starter home. In many cases, they could get a single-detached home with a few bedrooms and a spacious backyard.
Jessica Mach is a freelance writer for LowestRates.ca. She's covered the documentary film industry at realscreen, and her work has also appeared in The Hairpin.
March 8, 2023
Becoming a homeowner is one of the biggest decisions you’ll ever make, and we’re excited to help you through it. It ... Read more
February 23, 2023
In a high-interest market, prospective buyers can use all the help they can get. Luckily, the Government of Canada offer... Read more
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November 16, 2022
If you haven’t reached the closing date of your current home by the time you want to buy a new one, a bridge mortgage ... Read more
When you buy a home in Canada with a down payment that is less than 20%, you’re required to buy mortgage default insurance. This type of insurance protects the lender if you default on your mortgage payments.
This type of insurance is also referred to as “CMHC insurance” because the country’s largest provider is the government-owned Canada Mortgage and Housing Corporation (CMHC). However, you can also obtain mortgage insurance from two private insurance companies: Sagen (formerly Genworth Canada) and Canada Guaranty.
There are two options for paying your mortgage default insurance:
The LowestRates.ca writing team focuses on telling original stories and bringing you the latest news in the world of personal finance.
March 8, 2023
Becoming a homeowner is one of the biggest decisions you’ll ever make, and we’re excited to help you through it. It ... Read more
February 23, 2023
In a high-interest market, prospective buyers can use all the help they can get. Luckily, the Government of Canada offer... Read more
November 16, 2022
If you haven’t reached the closing date of your current home by the time you want to buy a new one, a bridge mortgage ... Read more
