Home insurance costs soared 45% in 6 years due to extreme weather: StatCan
Between December 2019 and December 2025, Canadian home insurance premiums spiked by 45 per cent, with passenger vehicle insurance premiums rising 23.9 per cent — and the reason is due to extreme weather claims, according to Statistics Canada. A study conducted by the agency “examines the effects of the rising costs of extreme weather claims…