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Entries for author "ahealey"

What Is the Mortgage Stress Test and How Does it Affect Canadian Homebuyers?

Young couple worried about finances look at ipad
Canada's Office of the Superintendent of Financial Institutions (OSFI) introduced a "mortgage stress test" that went into effect in January 2018. The test is meant to prevent homebuyers across the country from getting into financial trouble. The mortgage stress test may have outlived its usefulness, however. Some industry experts say it is preventing up to 10 percent of homebuyers from ... Continue reading »

Residential Building Permits on the Rise

Two workers look at construction blueprint
Statistics Canada reported that January had a month-over-month increase in the value of residential building permits. That's good news for the construction industry. It may also have some important spillover effects for Canadians planning to buy a home.Why Building Permit Data is ImportantBuilding permits are an early step in the development of new residential and commercial properties. When building permit ... Continue reading »

Read the Fine Print. You Could Win Yourself $10,000

Happy older lady celebrating
The devil is often in the details. And sometimes you'll find a guardian angel in there, too.In today's world, it's difficult enough to get people to read newspapers and magazines. As a matter of fact, walk into any doctor's office or other waiting areas, and notice the marked absence of old-school reading material. Everybody— well, at least 95% of people ... Continue reading »

What Discounts Can Lower Your Auto Insurance Premium?

woman smiling in blue car
Canadian auto insurance rates seem ever on the rise. Like any other product or service, it's tough to finger one commodity in 2019 that hasn't escalated in cost or even remained level over time. In the case of auto premiums, price increases don't stem directly from a hike in raw materials or labor costs. Rather, an insurance company's claims experience ... Continue reading »

Ontario Is Allowing More Testing of Autonomous Vehicles: What Does This Mean?

Man sits with hand on knees in self-driving car
Would you get into the back seat of a car without a driver? Ontario residents may soon see autonomous vehicles — the industry term for cars that drive themselves — on the road as part of ongoing research and development. The province is a world centre of innovative technology that goes into the making of self-driving cars. Invest Ontario reports ... Continue reading »

Can Blockchain Change the Auto Insurance Industry?

Bearded man uses blockchain technology from mobile device
By now you’ve likely heard or read about the blockchain and cryptocurrencies such as Bitcoin or Monero. You may think this technology is tied to exchanging digital currencies only, but there's more to the story.What Is Blockchain Technology, Anyway?The blockchain — through a series of complex computer verification steps — exists to validate the transfer of value or information, making ... Continue reading »

Motor Vehicle Traffic Collisions in Calgary: A Snapshot

Calgary skyline with Bow River and cars in front
Overall, traffic accidents in Alberta have calmed down somewhat in recent years. In a recent study performed by the Alberta Transportation Office of Traffic Safety, statistics reveal trending decreases in the number of mishaps on the province's roads and highways. The most complete set of data has been compiled by the office for 2016, comparing collisions, injuries, and fatalities to ... Continue reading »

Motor Vehicle Traffic Collisions in Ottawa: A Snapshot

Cars drive through downtown Ottawa
Driving in Canada's capital has become more dangerous than ever. Ottawa traffic fatalities increased from 26 to 32 in 2017 as compared to 2016, while also marking a 30 percent increase over 2015 figures. When you dissect the details around automobile-related collisions in the city, it makes sense to know when and where the most mishaps occur. It's also prudent ... Continue reading »