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REPORT: Canada real estate and housing market forecast and predictions for 2021

LowestRates.ca data show that out of B.C., Ontario, Quebec, Alberta, and Nova Scotia, Quebec residents put the lowest down payments on a house in Q1 of this year — at just below 15% on average.

Zandile Chiwanza

June 29, 2021

14-minute read

Key findings

Despite tighter lending rules, record demand for Canadians to own real estate will contribute to strong price growth this year.
Although five-year fixed mortgage rates are currently near historic lows, most mortgage rate predictions in Canada suggest a rise in interest rates in the second half of 2022.
The lull in immigration has hurt Toronto’s condo and rental markets; recovery is expected as immigration restarts.

About the author

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.

REPORT: Does distracted driving increase your insurance in Canada?

The cost of conviction isn’t just the fine; it’s how much your auto insurance provider decides to jack your rates, too. We've used our car insurance quoter to find out just how expensive a distracted driving conviction can really get.

Lisa Coxon

June 28, 2021

11-minute read

This article has been updated from a previous version.

The cost of conviction isn’t just the fine; it’s how much your auto insurance provider decides to jack your rates, too. We’ve used our car insurance quoter to find out just how expensive a distracted driving conviction can really get.

A driver distracted by their cell phone is four times more likely to crash than one who’s not, according to Ontario’s Ministry of Transportation. In some parts of Canada, in fact, distracted driving is beginning to be even more deadly than impaired driving.

About the author

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.