A surge in mortgage debt is prompting more Canadians to purchase life insurance, according to new data from Wealth Professional Canada. The trend is particularly noticeable as homeowners seek to secure financial protection in light of climbing real estate prices and economic uncertainties. This has led to an increased demand for life insurance policies as Canadians aim to safeguard their families against potential fiscal burdens in case of unexpected events. The report highlights that life insurance is becoming a crucial component in financial planning for mortgage holders, offering peace of mind amidst Canada’s skyrocketing housing costs. As individuals grapple with substantial long-term debt, life insurance provides a viable strategy to mitigate risks associated with mortgage liabilities. With this strategy, Canadians are prioritizing economic safety and futures, ensuring that loved ones are not saddled with debt in the event of a loss.
Wealth Professional CanadaNew data shows automakers embracing repairability by design as Thatcham research highlights industry progress
September 30, 2026
New data from Thatcham Research underscores a positive trend in the automotive industry, revealing that global automakers are increasingly prioritizing repairability by design. Leading insurer