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KEY FINDINGS Alberta's Care-First auto insurance reforms take effect January 1, 2027 offering expanded accident benefits, faster access to compensation, potentially lower premiums with reduced litigation. Injured parties largely lose their ability to sue an at-fault driver for additional compensation. Average premiums expected to drop by about $260 per vehicle annually, but savings could take two to five years to materialize as insurers price actual costs within the new system.

Updated on August 19, 2026 by Joan Pinto | Originally written: August 3, 2021 by Liam Lahey KEY FINDINGS Car batteries perform best around 25 degrees Celcius, but internal summertime heat above 65 degrees Celcius can reduce functionality through evaporation, sulfation, corrosion, overcharging, and draining. Electric vehicles (EVs) with lithium-ion batteries are also susceptible to high temperatures.

QUICK TAKEAWAYS: Windshield chip repairs typically cost $50 to $150 in Canada, while full replacement can range from $300 to $1,000 or more depending on the type of vehicle and glass. Comprehensive auto insurance may cover windshield damage caused by insured perils, but coverage, deductibles, and glass-related endorsements vary by policy. Repairing small chips and cracks early can prevent damage from spreading and avoid a more expensive windshield replacement.

KEY FINDINGS An at-fault collision won't always raise your car insurance premiums; increases depends on severity of accident, your driving history, and the province you live in Canada. In Ontario, certain minor at-fault accidents are protected under the province's Minor At-Fault Accident rule, which limits when insurers can increase premiums, provided no one was injured, no insurer paid out claims, and total damage was under $5,000.

Updated on August 12, 2026 by Arshi Hossain | Originally written May 2, 2025 KEY FINDINGS Tenant insurance remains important when subletting, but you may need to notify your insurer and update your policy before your subtenant moves in. Your tenant insurance covers your belongings and liability, not your subtenant's possessions, living expenses, or personal liability. Failing to disclose a subletting arrangement could result in denied insurance claims if damage or liability issues arise.

KEY FINDINGS An at-fault collision won't always raise your car insurance premiums — the impact depends on the severity of the accident, your driving history, and your province. In Ontario, certain minor at-fault accidents are protected under the province's Minor At-Fault Accident rule, which limits when insurers can increase premiums — provided no one was injured, no insurer paid out claims, and total damage was under $5,000.

KEY FINDINGS Nearly half of recent mortgage renewals are budget-strained: 45% of Canadians who renewed their mortgage since January 2025 say housing costs now consume half or more of their monthly household budget. Borrowing costs rose for the vast majority: interest rates increased for 82% of Canadians whose mortgage rate changed at renewal since January 2025; the most common hike was between 2% and 4.99%. Younger homeowners face the heaviest burden.

KEY FINDINGS A credit score above 700 typically unlocks the most competitive car loan rates in Canada. Lenders look beyond credit scores and also assess income stability, debt levels, and repayment history. Auto loan fraud is increasing in Canada, leading many lenders to tighten verification requirements. Borrowers who prepare proof of income and maintain strong credit profiles often face fewer financing delays.

KEY FINDINGS Canadian home sellers must generally disclose known material latent defects. Patent defects are visible issues that buyers are expected to identify during an inspection. Latent defects are hidden problems that may require disclosure if they affect a home's safety, value, or habitability. Common examples include concealed mould, hidden water damage, structural damage, and foundation issues. Sellers who knowingly conceal material defects may face legal action after a sale closes.

KEY FINDINGS Flood-damaged homes can sell at a discount but repair costs of mould, rotted framing, structural issues can be costlier than expected. An independent inspection including air sampling can help detect mould and level of contamination. Sewer backup and repeated flooding history can be major red flags when buying a property. Repair costs of a flooded home can range from a few hundred dollars to $10K–40K for foundation work.