Home insurance rates across Canada in January 2024 rose 7.66 per cent year-over-year, fuelled by extreme weather damages, elevated claims costs and rising repair and replacement prices, according to data by insurance comparison site MyChoice Financial.
A report commissioned by organizations representing Ontario’s developers and builders argues provincial authorities are overstating the amount of shovel-ready land by almost one million units, fuelling a misconception the industry is “sitting on lots.”
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