News

Flight Claim ads banned in both Montreal and Toronto airports

An airport waiting area.

Both Montreal’s Pierre Elliott Trudeau and Toronto’s Pearson International airports have refused to display an ad campaign from Flight Claim.

Flight Claim is a new company that fights to win compensation for wronged airline customers. For 25% of the awarded compensation, Flight Claim will fight with the passenger against the airline to ensure that they receive reimbursement for dealing with issues such as delays, cancellations and overbooked flights.

Chrysler issues massive minivan recall

The last thing a driver ever wants to see is an air bag inflating unexpectedly. Unfortunately, that's exactly what's been happening with a small number people behind the wheel of Dodge Grand Caravans made in 2011 and 2012.

Canadian housing sales sees biggest drop in nearly five years

A for-sale sign in a front yard

Housing prices continue to climb on an annual basis. As of May the average cost of a house in Canada was $530,304, which is a 4.3% increase from May of last year. However, while housing prices have continued to rise, sales have dropped. April to May saw a substantial decline in Canadian housing sales. As reported by the Canadian Real Estate Association, sales dropped 6.2% in the month of May.

The average cost of a Toronto mortgage has grown by 11.5%

According to a new report put fourth by the Canada Mortgage and Housing Corporation, the average Toronto mortgage grew by 11.5% in the fourth quarter of 2016 from the forth quarter of 2015. The average payment rose from $1,638 a month to $1,826. Vancouver also saw a substantial growth of 4.5%, bringing their average from $1,853 to $1,936.

Report predicts car dealerships could be shutting doors within a decade

Parallel rows of cars in a dealership showroom.

In a study put forth by RethinkX, authors James Arbib and Tony Seba have boldly stated that many North American car dealerships will be out of business in as little as seven years.

Arbib, a technology investor, and Seba, a Stanford University economist, believe this sharp decline in the automotive industry will be in response to the rise of electric vehicles and ride sharing. Many others have predicted the eventual fall of dealerships, however, none have said that the end would come so quickly as Arbib and Seba.