What to do if your mortgage loan application is denied

What to do if your mortgage loan application is denied

A denial isn’t necessarily a dead end. Consider it more of a hurdle. With some careful planning, you can ensure that you have the necessary funding to buy your new home.

H.G. Watson
H.G. Watson

January 16, 2023

9-minute read

This article has been updated from a previous version.

You’ve been scanning the real estate market every day. You’ve already decided what colour you’ll paint your new living room. You are ready to buy a new home. But there’s one thing that can stop you from getting a home and put your ownership fantasies out of reach: a mortgage loan denial. 

About the author

H.G. Watson

H.G. Watson is a writer based in Toronto. Her work has appeared in Chatelaine, Vice, Flare, Maisonneuve, The Walrus and more. You can find her at @hg_watson on Twitter.

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How to switch car insurance providers

How to switch car insurance providers

While it may seem daunting to switch car insurance providers, it is a great way to regain some control over rising rates. Here's everything you need to know about how to change car insurance companies and ensure it’s a smooth transition.

Caitlin McCormack
Caitlin McCormack

January 12, 2023

6-minute read

This article has been updated from a previous version. 

About the author

Caitlin McCormack

Caitlin McCormack is a writer based in Toronto. Her work has appeared in MSN, Food Network, HuffPost, What to Expect, Today's Parent, and Mashable, among others. When she isn't writing, she's busy chasing after her two sons, testing out new recipes, and working on her century-old fixer-upper.

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Toronto Tenant Insurance

Compare quotes from Canada’s leading renters insurance companies. Just like that.

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Compare rates from Canada's leading renters insurance providers

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Toronto tenant insurance 

Tenant insurance, also sometimes referred to as renter’s insurance, is a type of property insurance designed for someone who is renting a property, whether an apartment, duplex, or house.  

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See how our customers in toronto save big on tenant insurance.

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Home insurance news

*Shoppers in Ontario who obtained a tenant insurance quote on LowestRates.ca from January to December 2023 saved an average of 33% The average savings percentage represents the difference between the shoppers’ average lowest quoted premium and the average of the second and third lowest quoted premiums generated by LowestRates.ca. Excludes home and condo insurance.

How expensive is it to insure one of Canada's top 10 most stolen vehicles?

How expensive is it to insure one of Canada's top 10 most stolen vehicles?

Theft risk is one of many factors insurance providers consider when they set your premium. Find out how Canada's top 10 most-stolen vehicles stack up when it comes to the cost of insurance.

Lisa Coxon
Lisa Coxon

January 5, 2023

9-minute read

Michelle Bates
Michelle Bates

This article is updated annually. As a result, stolen vehicle rankings may change according to the most recent data available. 

Every year, Équité Association releases a list of the top 10 stolen vehicles in Canada.

To compile the list, actual theft claims data licensed by the Insurance Bureau of Canada (IBC) is collected from almost every car insurance company in the country.

About the authors

Lisa Coxon

Lisa is a senior editor in the personal finance space. Her work has appeared in Reader’s Digest, Toronto Life, Canadian Living and TVO. As a child, she diligently hoarded the $50 bills that fell out of her Christmas cards. Adult Lisa is working hard to resurrect those stockpiling tendencies. 

Michelle Bates

Michelle Bates is an editor/writer in the personal finance space with seven years of experience. Her work has also been featured in news sources like the Financial Post, the Globe and Mail, CTV News, and Narcity. In her spare time, Michelle enjoys thrifting home decor, attending live shows, and playing with her Yorkie/Shih Tzu, Freddie, at the park.

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Inflation got you down? Reduce your home and auto insurance costs with a bundling discount
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Home insurance endorsements you should consider for expensive Christmas presents
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This article has been updated from a previous version.

Kelowna

Own a home in Kelowna? Compare quotes & find the best home insurance rates in Kelowna. Protect your home & budget. Get your quote today! Instant. Online. Free.

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Factors that determine your home insurance quote in Kelowna

Your home insurance policy will be customized to suit your needs and the property you’re insuring.

Home insurance premiums are determined by dwelling type (is it a single-detached home, a house with a basement tenant suite, or a condo?). Insurance companies also try to predict the kind and size of claim you might make in the future.

Home insurance news

*Shoppers in Canada who obtained a home insurance quote on LowestRates.ca from January to December 2023 saved an average of 32% The average savings percentage represents the difference between the shoppers’ average lowest quoted premium and the average of the second and third lowest quoted premiums generated by LowestRates.ca. Excludes condo and tenant insurance.

Online searches for electric vehicles in Canada jump 295% in last two years
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The dangers of only making minimum credit card payments

The dangers of only making minimum credit card payments

When you make only the minimum payment on your credit card balance, it can add to your debt and negatively impact your credit history.

Zandile Chiwanza
Zandile Chiwanza

December 6, 2022

7-minute read

This article has been updated from a previous version. 

When you’re stuck in a debt cycle, it’s tempting to continue doing the bare minimum (I was guilty of this for a long time), but the truth is: minimum payments are keeping you in debt and might be doing more harm to your finances than good.  

About the author

Zandile Chiwanza

Zandile is a freelance personal finance journalist. She previously worked as a personal finance writer at LowestRates.ca and before that, the content editor for Real Estate Management Industry News. As a self-proclaimed budget warrior, Zandile dedicates most of her time to advocating for financial wellness.

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You refinance your mortgage to get a better rate. Why not do the same with your car loan?
You refinance your mortgage to get a better rate. Why not do the same with your car loan?

Many homeowners refinance their mortgages to reduce their monthly mortgage payments, save money on interest, or even pay off their loans faster. You can do the same with your car loan.

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