If an earthquake happens tomorrow (knock on wood) and your house is damaged by the shaking and quaking, who do you think covers the cost of the damage? Turns out, it’s the homeowner – but most people aren’t aware of this hidden cost. Should you have earthquake coverage? Read on to find out.
More By Jaclyn Tersigni:
Would YOU switch to an online branchless bank? Younger Canadians are almost half as likely to ditch the face-to-face banking experience in exchange for convenience – and are also more willing to bank with non-traditional lenders such as media and telecomm companies.
Toronto is the only city in Ontario where buyers must pay double land transfer tax – but with the Ontario election looming, the issue may arise in other cities.
Mortgage rates are currently quite affordable – but Canadians don’t think these discounts will stick around for long, according to a CIBC poll. In fact, nearly half would lock into a fixed rate today if they had to, just to take advantage for existing discounted offers.
Prices just keep climbing in Canada’s biggest markets – but that’s not discouraging real estate-hungry buyers, who want homeownership at any cost, according to two recent studies.
What grinds the gears for Canadian banking customers? Paying hidden fees for accessing, transferring or saving their money top the list. A recent PC Financial study finds 65% of Canadians wish their bank offered better no-fee alternatives and transparency.
The Canadian inflation rate saw little growth over the winter, with the latest Stats Can report finding it actually dropped in February. Does this mean interest rates will stay put for longer? CIBC Chief Economist Avery Shenfeld explains the potential impact on our economy.
New reports find the economic success of the Canadian middle class to be shrinking. Is the “Canadian dream” still a reality?
There’s nothing worse than paying hefty ATM user fees just to access your own money. If an NDP proposal gets its way, these fees could become a thing of the past.
Mobile wallets are designed to replace carrying cash, credit and debit cards – but would you pass up your payment options to carry just one? Check out the latest crop from the big banks.