How to estimate the cost of insurance before buying a car

How to estimate the cost of insurance before buying a car

Without a crystal ball, here are ways to gauge the cost of car insurance before buying a vehicle.

Sadaf Ahsan
Sadaf Ahsan

May 30, 2023

9-minute read

This article has been updated from a previous version. 

If you're looking to buy a car, one of the concerns that’s probably top of mind is how much you’ll have to pay for car insurance.  

About the author

Sadaf Ahsan

Sadaf Ahsan is a culture writer and editor in Toronto. Her work appears in the National Post, while she has also written for Refinery29, Flare and Chatelaine.

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What is a conventional mortgage?

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The big benefit of a conventional mortgage loan is that you have immediate equity in your new home. Let's explore the ins and outs of uninsured residential mortgages.

Renee Sylvestre-Williams
Renee Sylvestre-Williams

April 27, 2023

6-minute read

This article has been updated from a previous version.

Not every mortgage is the same. There are fixed rate mortgages and variable rate mortgages, of course, which refer to the interest you’ll have to pay throughout your loan term.

But then there are also conventional and high-ratio mortgages — these terms decide whether a buyer needs to pay insurance on their mortgage.

About the author

Renee Sylvestre-Williams

Renee Sylvestre-Williams is a finance and business reporter. In her more than 10 years of journalism, her work has been published in the Globe and Mail, Flare, Canadian Living, Canadian Business, the Toronto Star and Forbes. She also publishes a biweekly newsletter, The Budgette, where she provides financial education for single earners.

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