LowestRates.ca

LowestRates.ca is a financial technology company that started in 2012 and is located in Toronto, Ontario. We provide a free and unbiased platform that enables users to save both time and money by comparing various options for insurance, credit cards, mortgages, and loans from top financial institutions across North America.

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Everything you need to know about getting your licence in Ontario

5 days ago | lowestrates.ca | Lisa Coxon

This article has been updated from a previous version. Obtaining a driver’s licence in Ontario is an important milestone, offering freedom, mobility, and new opportunities. Ontario’s licensing process follows a three-step graduated system. It starts with a written test, progresses to an initial road test, and concludes with a final advanced driving assessment. Once you pass all three stages, you'll be able to drive across the country without restrictions.
Travel insurance vs. ticket protection: What you need to know

1 week ago | lowestrates.ca | Sandra MacGregor

Travel insurance and ticket protection may sound similar, but they cover different aspects of your trip. Travel insurance offers broader coverage, including medical emergencies, trip cancellations, and lost luggage. Ticket protection is more limited—it usually only refunds your ticket if you cancel for specific, approved reasons. Planning a trip is a huge expense and time investment, so understanding the differences between the two is crucial to protecting your plans.
How to get insurance for your fixer upper

1 month ago | lowestrates.ca | Sandra MacGregor

Despite a decrease in interest rates over the last couple of years, Canada still has one of the most expensive real estate markets in the world (especially in urban centers). That’s why for many Canadians, buying a fixer upper can seem like a sensible and affordable way to enter the market.
What you can (and cannot) write off as a business expense

1 month ago | lowestrates.ca | Sandra MacGregor

Being self-employed and running your own business can have plenty of perks — after all, who doesn’t like being their own boss and setting their own hours? Yet it also comes with of its own unique responsibilities, especially around tax time. Without an employer who automatically take taxes owed off your paycheque, it’s up to you as a business owner to calculate and pay your yearly amount owing to the Canada Revenue Agency (CRA).
With prices dropping, is this a good time to buy a condo in Toronto?

2 months ago | lowestrates.ca | Sandra MacGregor

Declining demand, changes in immigration and shifting economic conditions have taken their toll on the Canadian condo market. But as interest rates continue to drop and property values have adjusted, potential condo buyers are asking themselves: do I make the most of current market opportunities and buy - or do I hang tight and see what develops?
Larger homes are top moving motivator amid economic uncertainty: Survey

2 months ago | lowestrates.ca | Arshi Hossain

KEY FINDINGS39% of movers in the past two years upsized their homes, a 6.6% increase from 2024. Among planned movers, 25% also aim to upsize. Relocations for lifestyle reasons dropped to 12% for recent movers and 16% for planned movers, while job-related moves remain low at 8% and 5%. 61% of movers stayed in their city, and 31% relocated within the same province, marking a 3% increase from last year.
Think you’re safe? What every Canadian needs to know about impaired driving

2 months ago | lowestrates.ca | Sandra MacGregor

Every day in Canada, over 200 people are charged with impaired driving, highlighting how significant and ongoing this preventable issue is. In 2021 alone, a Canada-wide report from MADD revealed 78,480 charges and short-term suspensions for impaired driving, including both alcohol and drug-related offenses. This equates to 206 charges per 100,000 Canadians. Recent data also suggests impaired driving may even be on the rise.
3 things you should always tell your landlord and insurance company

2 months ago | lowestrates.ca | Arshi Hossain

As a renter, apart from paying your rent on time, what’s equally important is maintaining open communication with your landlord about any significant changes or issues during your tenancy. Clear communication is key to fostering a positive landlord-tenant relationship and ensuring a smooth rental experience. By keeping your landlord in the loop, you can avoid misunderstandings and prevent potential legal or financial complications—because no one wants to deal with those.
Why tariffs will make your home and auto insurance more expensive

Mar 7, 2025 | lowestrates.ca | Jessica Wei

With across-the-board tariffs on all imported goods into the U.S (and reciprocal tariffs on American goods enter Canada) underway, many Canadian consumers are left in a fog of uncertainty. On the consumer level, tariffs add inflationary pressures on the cost of household goods, which make previously affordable items much more expensive.
Should you pick a demo car over a new one at the dealership?

Feb 20, 2025 | lowestrates.ca | Sandra MacGregor

For many Canadians, a car is one of the most expensive purchases they’ll ever make, so it’s natural to want to cut costs here and there. One of the most overlooked things you can do to make your next vehicle purchase more affordable – without sacrificing safety or personal needs – is to buy a demo car. This article will look at the possible benefits and drawbacks of buying a demo car so you can decide whether it’s worth test driving your next car all the way off the lot and into your driveway.