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Condo insurance premiums on the rise

Rising rates pose a challenge for some would-be homebuyers

Ontario driver shocked by insurance premium that skyrocketed to $14,000 per year

Ontario driver shocked by insurance premium that skyrocketed to $14,000 per year
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New report shows auto insurance rates slowly declining in Alberta

  CALGARY A new report released by LowestRates.ca on Tuesday shows Alberta saw a drop of 3.6 percent in automobile insurance premiums for the first quarter of 2021. However they still remain nearly 15 percent higher, year over year. “Now it s reached an equilibrium, or close to reaching an equilibrium where insurance companies want to compete for Alberta drivers business,” said Justin Thouin, co-founder of LowestRates.ca. Thouin says the removal of a five per cent premium cap on insurance rates from the UCP started the increase of rates nearly two years ago. The cap was brought in by the previous NDP government.

Pattie Lovett-Reid: 5 tips for protecting yourself against higher rates

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