When it comes to buying their next car, economic pressures are weighing on Canadians more than ever. That means prioritizing affordability and reliability over luxury, according to AutoTrader.
"Each year, AutoTrader analyzes millions of data points to uncover the evolving story of Canadian vehicle shopping behaviors," Ian MacDonald, AutoTrader’s CMO said in a statement.
"This year, the data clearly points to a shift away from luxury vehicles across most of the country, underscoring the reality that many Canadian consumers are watchfully navigating a challenging economic landscape."
At the same time that vehicle inventory on the AutoTrader marketplace reached record highs in 2024, luxury brands saw their lowest representation in both searches and sales since 2019.
The vehicle models that are enticing drivers the most
AutoTrader’s marketplace data reveals that SUVs continue to remain highly popular with car buyers, accounting for 40% of all vehicle searches in 2024, up two per cent from the previous year. Leading SUV models made up half of the top sold list for 2024. This surge in popularity aligns with a significant 43% year-over-year increase in SUV inventory.
While consumer interest in SUVs continues to rise, sedans still maintain a strong presence in the market. Despite a slight 2% dip in search share, cars account for nearly half (49%) of all vehicle searches on AutoTrader.
Nationally, consumer interest in trucks has remained stable, with the category accounting for 10% of all vehicle searches in 2024, virtually unchanged from the previous year. However, in 2024 trucks made up only 20% of the top sold list, down from 40% in 2023. Despite this, truck inventory across the country increased 13% year-over-year.
Electric vehicles (EVs) continued to capture the attention of car shoppers in 2024, but widespread adoption remains elusive. Search interest in EVs on AutoTrader grew 9% in 2024, yet accounted for just 8% of total search volume on the site. While this interest was consistent across all regions, purchase consideration for EVs declined for the second consecutive year.
Nationally, Tesla, Ford and Audi continue to lead the pack in EV searches, reflecting ongoing consumer interest in these brands.
Canadian auto trends still prioritize prices
The research AutoTrader conducted in August 2024 reveals that Canadians’ intent to purchase has remained stable over the previous year, with 27% of consumers planning to buy a vehicle in the next six months, up slightly from 26% in 2023.
Price is still a key consideration for most buyers. According to AutoTrader’s data, 84% say that "high vehicle prices" influence their purchase decisions.
Despite these challenges, Canadians are staying active in both the new and used car markets. Cross-shopping is common, with nearly half of used car buyers (47%) considering new vehicles, and 36% of new car buyers exploring used options. This shows that while pricing and economic conditions are top of mind, many Canadians continue to search for what they believe is the right vehicle for their wants and needs.
Survey Methodology
The data came from AutoTrader’s site analytics using Canadian search and sold by proxy delist data from Jan. 1 to Oct. 21. Year-over-year analysis was based on data from January 2022 to October 2024.
For the three months ending September 30, 2024, the Canada Mortgage and Housing Corporation insured 64,979 multi-unit residential units, according to its third quarter report. Of those, 29,878 were new construction, marking a 26% increase of over 51,443 units during the same period in 2023.
"Facilitating the construction of purpose-built rentals remains a key factor in tackling the country’s housing supply and affordability challenges,” Michel Tremblay, the CMHC’s CFO and senior vice-president of corporate services, said in a statement.
“We are pleased to see such consistent and increasing uptake in our multi-unit insurance products, which are an important factor in supporting the creation of rental supply in Canada."
The CMHC attributes these increases to its MLI Select product, which allows for longer amortizations and higher loan to value, accessibility and climate compatibility.
Quarterly findings
In total, the CMHC insured 206,157 units through its multi-unit products in the first three quarters of 2024, up from 156,419 during the same period in 2023. Insured volumes totaled $47,624 million in the first three quarters of 2024, up from $29,911 million during the same period last year – a 59% increase.
However, high house prices and interest rates continue to impact transactional homeowner unit volumes with 13,749 units insured in Q3 2024, down from 15,623 in Q3 2023.
Arrears for mortgages insured by the CMHC remain low at 0.30% which is below historical levels, resulting in low levels of claims paid.
Mortgage reforms
During Q3, the Canadian government announced a series of reforms to mortgage rules in the country. They include increasing the $1 million price cap for insured mortgages to $1.5 million, effective December 15, to help more Canadians qualify for a mortgage with a downpayment below 20%.
The new rules also include expanding eligibility for 30-year mortgage amortizations to all first-time homebuyers and to all buyers of new builds, effective December 15, to reduce the cost of monthly mortgage payments and help more Canadians buy a home.
Additionally, starting Janurary 15, homeowners will be able to refinance their insured mortgages to access the equity in their homes and help pay for the construction of a secondary suite.
The CMHC’s Co-Op Housing Development Program launched in Q3. Starting this year, the program will provide $1.5 billion in loans to support the development of affordable rental co-operative housing units in Canada. CMHC will fund up to 100% of the eligible project costs, on residential space and up to 75% of eligible non-residential project costs.
More Canadians than ever are taking on extra work to make ends meet, with almost nine in 10 having worked a side hustle at least once during their career, according to a recent Harris Poll.
Wanting to up your earning power is nothing new. However, the advent of the gig economy means that there is more temporary or part time work available than ever.
Every day I’m hustlin’
All in all, 87% of Canadian job seekers have worked a side hustle at least once, according to the Job Seeker Report conducted by The Harris Poll.
Even more startling, almost one in three (29%) admit to having worked a side hustle during their primary job, but there was a generational split. Younger generations like Gen Z and Millennials were just under twice as likely to run a side hustle during their main job, at 41% and 47% respectively, compared to Gen X and Boomers.
This isn’t entirely surprising, though. Over time, wealth has been concentrated in older generations, leaving young people in the lurch. In fact, some Millennials are counting on inheritance as part of their path to financial security.
Traditionally, a side hustle is supposed to be a way of making extra money, not a way to afford simply making ends meet.
Multiple job holders on the rise
What’s more, about 1.1 million, or 5.6%, of Canadians over the age of 15 hold multiple jobs, slightly lower than the pre-COVID high of 5.8% according to Statistics Canada. Women were also more likely to hold two jobs, at 6.4% of the demographic.
Holding multiple jobs was more common among younger workers, just like with side hustles. All told, 6.6% of workers between the ages of 15 and 24 held multiple jobs. This demographic also had the highest rate of part time employment at 49.4% compared to other cohorts.
Part-timers were also more likely to have to work multiple jobs. Almost nine in 10 (89.9%) of multiple job holders had a part-time position as either their first or second job.
Extra work to combat rising costs
Among those surveyed, the number one reason for taking on a side hustle was to make ends meet.
All told, 59% of respondents worked a side hustle to increase their savings, while 51% aimed to cover expenses, according to the same Harris Poll. These pain points are backed up by Statistics Canada reporting.
The 2023 Stats Can Labour Force Supplement notes that working multiple jobs is a necessity for many Canadians.
Just over one in three (34.9%) had a second job to meet essential needs like groceries or housing. Meanwhile 34.8% of respondents sought to earn extra income, according to the same report.
Conclusion
Chances are you’re shoulder to shoulder with someone right now who is putting in extra time for extra pay, whether a side hustle or a second job. If you’re in the market, looking to supplement your income, check out some of the best side hustles for Canadians.
For many Canadians, leaving the workforce at 65 and enjoying a financially worry-free retirement is a fantasy they’ve already given up on.
In fact, as of 2022, 1-in-5 Canadians aged 65 to 74, or 21%, was working, according to Statistics Canada’s recent census data. This include both Canadian-born and immigrant workers.
With Canadians living longer, struggling to put enough money aside for retirement — either through savings or investments — is understandable.
But if you’re nearing 65 and your retirement savings aren’t where they need to be, working an extra three, five or even 10 years isn’t likely to make up for decades of suboptimal retirement planning.
Here are a few questions you need to ask yourself before committing to another few years on the job.
1. Is your spending under control?
Douglas McCorkle, a financial advisor at HollisWealth in London, Ont., says many of the clients he speaks to simply don’t have the discipline to put their future needs ahead of their current desires.
“The people that come to me later in life are like, ‘I don’t know if I’m going to be able to retire,’ and, mathematically, they can’t because they spent so much time living for the moment instead of planning for retirement,” McCorkle says. “They’re being sold a story that you have to have [everything] today. No. Live for today, but save for tomorrow.”
Spending within your means is the first step to ensuring you’ll have something to put into a retirement savings vehicle. And there’s an easy way to assess just how much you have to work with.
“The only thing you need to look at is your tax return,” says McCorkle. “That will tell you how much money you can spend. Where you spend it is up to you.”
2. Have you calculated how much money you’ll need to retire comfortably?
There is no magic number for retirement savings. Your individual situation — income, tax bracket, cash flow, dependents, desires, debt — determines what your retirement will cost.
If you’re deciding to work longer because you’re aiming to earn a particular dollar amount, but haven’t actually calculated what you need to earn with a financial advisor, you might need to work less than you think.
Not everyone will require $1 million to retire comfortably.
“You only need what you need to spend,” McCorkle says. “Everything else goes in the ‘want’ column.”
McCorkle says many Canadians who plan their own retirements don’t think to factor in their post-retirement tax situations. If a person’s income drops from $80,000 to $50,000 once they retire, for example, their tax bill will also be slashed.
Add in Old Age Security and Canada Pension Plan income, and that person could have more money coming in than they did while they were working.
“We’ve got to clear this mentality out of our minds that you’re going to need a massive amount of money to retire, or that you can’t retire until you can live off your interest,” McCorkle says.
3. Does your investment strategy need to change?
There’s a widely held belief that once people near retirement, their investment strategies need to change. The thinking is that anyone about to experience a decrease in employment income should be exposed to as little risk as possible and concentrate on reliable, income-generating securities and bonds.
If you’re working longer due to financial pressures, that can be an enticing line of thinking. But it’s a guideline, not a scientific law. Experts advise against automatically rushing out and reorganizing your portfolio on the eve of your 65th birthday, especially if what you’ve been doing up until now has been working.
“If it ain’t broke, you don’t need to fix it,” McCorkle says. “You just need to adjust it once in a while.”
Let’s say you were 65 and one of McCorkle’s clients who saw an unusual 83% return for one of the funds in his portfolio due to the timing of when he bought and sold it. Conventional wisdom dictates that you and your advisor should have realigned your portfolio, shedding some of those profitable growth stocks and replacing them with fixed-income investments.
The problem is those investments often don’t keep up with inflation.
“If you’re in a dividend-producing position and you’re getting a 3% to 4% yield, you’re keeping pace,” he says. “Bonds aren’t going to cut it.”
4. Are you expecting real estate to save you?
With interest rates slowly coming down and home prices still climbing, the thought of purchasing a property and riding the appreciation to a luxurious retirement can be pretty intoxicating. Most fantasies are.
But if your retirement savings are already bordering on insufficient, sinking your nest egg into a home is not necessarily going to free you from having to work an extra few years.
“I’m having that conversation with clients,” McCorkle says. “I simply tell them, ‘That is not going to happen.’”
However, if interest rates start rising, buyer demand will inevitably taper off. And that will release some of the pressure that’s been driving prices into the stratosphere and inject a new level of uncertainty for sellers: What will their homes sell for in a sane market?
Plus, rising rates will mean an end to currently affordable mortgages. You might have scored a killer deal on your mortgage at 58, but what happens if that rate doubles when you’re 63, and goes even higher when you’re 68?
“Debt is the biggest enemy of retirement,” McCorkle says. “If you are going into retirement with debt, that is very, very bad. People just don’t get it.”
Sources
1. StatCan: Employment by choice and necessity among Canadian-born and immigrant seniors (Apr 24, 2024)
Travelling is a pleasure that never goes out of style — even during times of economic hardship, many view national or overseas exploration as a necessary form of self-rejuvenation.
Looking to 2025, search aggregator and travel agency, Skyscanner, asked Canadians about their plans for local and international travel in the year ahead — and results were illuminating.
Turns out three factors were at the top of the experience list when it came to determining a travellers’ choice of destination:
Weather (72%)
Food (68%)
Attractions (59%)
However, other factors will also influence whether or not Canadians would travel in 2025. For instance, costs associated with flights (71%), hotels (64%) and food and drink (35%) will strongly influence whether or not a traveller would book a trip of any sort in the next 12 months.
While most travellers relied on word-of-mouth recommendations from friends and family (53%), more Canadians were turning to social media (49%) and online media (35%) content for inspiration and suggestions.
To help you plan your vacation, adventures or sabbaticals, here are seven travel trends to watch for over the next 12 months.
What will keep travellers most excited in 2025
Seeking athletic thrills: Getting closer to your sport or team
As television shows exploring the behind-the-scenes world of professional sports continue to break new ground with audiences, growth in sports travel to witness these events in situ with like-minded fans is hitting a fever pitch.
You can thank popular programs like Sprint,Formula 1: Drive to Survive and Tour de France: Unchained for this heightened enthusiasm in competitive athletics.
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Chasing astronomical wonders: Stargazing and the Northern Lights
Stargazing is taken to new extremes as travellers want to explore the earthly wonders of the cosmos and resituate human existence within the infinite expanses of the universe.
Canadians are especially keen on witnessing the Northern Lights (56%), visiting an observatory (35%) or spectating a solar or lunar eclipse (33%) to experience that cosmological rush.
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Holistic rejuvenation: Retreat to wellness
For some, travelling can be a salve for the mind, spirit and body, which is influencing a growing desire to engage in health, resilience and longevity tourism. As six in ten Canadian travellers admit to placing precedence on their overall health and wellbeing, yoga and wellness retreats are experiencing year-over-year growth in searches.
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Feeling immersed in a masterpiece: Trips centred around immersive art experiences
With 53% of Canadians admitting to crossing international borders to engage with new cultures, immersive art installations are becoming increasingly popular for those looking to amplify their time observing important works from all around the world.
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Giddy up: Take a cowboy-inspired trip
Whether due to the popularity of shows like America’s Sweethearts: Dallas Cowboys Cheerleaders or the rise of twangy musical explorations from the likes of Beyoncé and Shaboozy, travellers are rounding up the family and friends and heading into the wild, wild west.
The activities most appealing to aspiring cowboys and cowgirls include eating around a campfire (43%), enjoying a farm or ranch stay (36%), sleeping under the stars (32%) and horseback riding (30%).
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In full bloom: Garden getaways
Canadians with green thumbs are looking to expand their horticultural horizons by seeking out renowned botanical gardens and phenomena, such as autumnal foliage (56%), as well as cherry blossom (55%) and sunflower fields (43%) that are at the height of their blooming season.
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Beyond the console: Tapping into the gaming community
Gen Z are increasingly flocking to worldwide conventions and gaming hotspots to heighten the thrill of gaming with likeminded etnhusiasts, traversing its status as a sub-cultural curiosity into a mainstream phenomenon. Skyscanner’s data shows a rise in flight searches to worldwide gaming conventions like GamesCom in Cologne, Germany and TwitchCon in San Diego, California.
Meanwhile, 34% of Canadians are inspired to book a trip abroad based on locations from their favourite video game, showcasing how gaming is influencing a booming travel economy in many different ways.
Pro tip: Want to create a budget to make putting away money for a future trip easier? Check out one of Canada’s leading budgeting apps.
Survey methodology
The Skyscanner travel survey data was collected through an online survey of 20,000 global respondents over the age of 18 in July 2024, using OnePoll’s online forum. Of the 20,000 respondents, approximately 1,000 were Canadian residents.
Carol Sheaves is ‘furious’ that she, like many other Canadian senior citizens, won’t be getting the $250 Working Canadians rebate cheque.
The 67-year-old Moncton, New Brunswick resident and her husband don’t consider themselves to be in dire financial need, but their rent has increased by $300 since they started renting, and with the rising costs of living, they’re more careful with their spending.
She’s paid her taxes for over five decades and says to CTVNews.ca, “We worked all our lives, and I think we’re entitled to that and more."
She’s not the only one.
Laura Tamblyn Watts, CEO of CanAge, a national seniors’ advocacy organization, said in a press release, “Our members are reaching out to us in record numbers. They are furious, They feel ignored and forgotten, especially as the weather is getting colder and costs are skyrocketing.”
If you’re in the same boat and not getting that rebate cheque, there are other ways to stretch your retirement budget.
Who gets the rebate cheque?
In April 2025, the federal government plans to give Canadians who made $150,000 per year or less in 2023 a "Working Canadians Rebate" of $250, while also meeting the following criteria: the individual must have received EI benefits, paid EI premiums or made CPP contributions.
According to Katherine Cuplinskas, deputy director of communications for Deputy Prime Minister and Finance Minister Chrystia Freeland, many seniors work so they are eligible for the Working Canadians Rebate.
In an email to CTVNews.ca, Cuplinskas says the Liberal government has raised benefits for all seniors across the country since 2015. For example, it reversed the Conservative decision to increase the Old Age Security (OAS) and Guaranteed Income Supplement (GIS) eligibility age from 65 to 67.
The government also amended the Canada Pension Plan to give a top-up to the death benefit and provided a 10% increase to the maximum GIS benefit for the lowest income single seniors, as well as boosted OAS benefits for seniors 75 and older by 10%, she added.
Sheaves was just one of the seniors who shared her frustration with CTVNews.ca about not being included in the 18.7 million Canadians who are expected to qualify for the rebate.
Bill Cole of Toronto wrote an email to CTVNews.ca saying he feels the exclusion of retired seniors is a "discriminatory insult."
"Retired seniors represent a significant voting block and many are facing significant affordability issues as inflationary pressure eat away at our retirement income," Cole adds.
Meanwhile, Pamela Dudas of Vancouver is eligible for the rebate since she worked last year.
The 67-year-old former accountant retired this year but wants to find another job since she only gets about $26,000 a year from her government pension and is finding it difficult to make ends meet.
Stretching your retirement dollars when costs are high
If you, like Sheaves and other retirees, feel left behind because you won’t be getting the rebate cheque, there are ways to stretch your retirement dollars.
Become a landlord – renting out part of your home guarantees you a monthly income stream
Move into a smaller house or apartment – downsizing means less utility costs, maintenance and property taxes
Invest – whether it’s a GIC ladder or annuity, investments can mean cash flow or leaving something behind for loved ones
Work – if you’re able to, get back into the workforce and find something you enjoy doing
Get a line of credit against your house – instant cash available for you to spend
Be frugal – less frivolous spending means more money in the bank
When it comes to watching your money as you grow older, there are ways you can maximize what you have, even if it doesn’t include an extra $250.
Sources
1. CTV News: ‘It’s just not fair’: Retirees speak out on being excluded from federal rebate cheques (Nov. 26, 2024)
As if dealing with the physiological and psychological burdens of an illness weren’t enough, the monetary impacts may also make recovery an uphill battle.
The average cancer patient in Canada incurs nearly $33,000 in costs including out-of-pocket expenses and lost income during treatment and recovery. This is according to* Canadian Cancer Statistics: A 2024 special report on the economic impact of cancer in Canada* from the Canadian Cancer Society.
"Cancer comes with an incredibly high price tag – it’s unacceptable to know that such a significant portion of costs fall on people with cancer and their families," Dr. Jennifer Gillis, the Canadian Cancer Society’s director of surveillance, said in a statement.
"This report gives us a look at just how high those costs are. With this new data, we must ask ourselves what more can be done to support Canadians at a time when their focus should be on their health and recovery."
The total cost of cancer to Canadians is expected to be $37.7 billion in 2024.
How cancer treatment impacts the country’s economy as a whole
According to the report, people with cancer and their caregivers shoulder 20% of Canada’s total cancer costs – amounting to a staggering $7.5 billion this year alone.
With rising cost of living, and more people in Canada facing a cancer diagnosis thanks to an aging population, this number is expected to climb over the next decade to $8.8 billion per year.
Those in lower income households and those on fixed incomes are disproportionately affected, and those in rural and remote communities far from treatment are paying more for travel costs to receive necessary care.
Breaking down specific costs Canadians may encounter
Healthcare costs are expected to account for 80% of societal costs for cancer to the tune of approximately $30.2 billion in 2024.
Lung, breast, colorectal and prostate cancer combined are expected to account for 47% of healthcare costs and are projected at $14.2 billion by the end of 2024.
The first year after a cancer diagnosis is the costliest for people with the disease. Costs for people with cancer and their caregivers during this timeframe are projected to total $5.2 billion in 2024, which is just under half of the costs borne by healthcare systems for this phase of care.
"We live in a country with universal healthcare, yet people with cancer are still footing a big bill," Dr. Stuart Edmonds, the society’s EVP, of mission, research and advocacy said in a statement.
"Solving the issue is complex. This is a systemic, societal issue that can’t be resolved in isolation. But we know there are choices that governments of all levels can make to reduce the out-of-pocket costs weighing so heavily on people in Canada."
About the report
The report was developed by the Canadian Cancer Statistics Advisory Committee in collaboration with the Canadian Cancer Society, Statistics Canada and the Public Health Agency of Canada with cancer data provided by the provincial and territorial cancer registries through the Canadian Cancer Registry. Canadian Partnership Against Cancer completed the majority of the analyses for this report in collaboration with the Health Analysis Division of Statistics Canada. The French translation of this report was completed by the Public Health Agency of Canada.
As Canada faces a wave of mortgage renewals in 2025 and 2026, homeowners and economic experts are closely scrutinizing the nation’s economy for signs of relief — or further strain — when it comes to homeownership affordability.
As 2024 comes to an end, the potential for further rate cuts is critical, given that the Canada Mortgage and Housing Corporation’s (CMHC) Fall 2024 Residential Mortgage Industry Report estimates that 1.2 million mortgages are set to renew in 2025 and 2026.
One factor that could dramatically shape this scenario is the Bank of Canada’s target interest rate. Changes to this rate, which is used to influence borrowing costs across the economy, have far-reaching implications for mortgage holders.
To help, here’s a snapshot of how adjusting the target rate can impact Canadians renewing their mortgages, including the potential for reduced financial strain and implications for delinquency rates.
Wave of mortgage renewals in 2025 and 2026: A statistical overview
With approximately 30% of all Canadian mortgages set to renew over the next two years, it’s crucial for homeowners to consider how current and near-term future economic decisions could impact their housing affordability calculations.
Keep in mind, these renewals are scheduled after a few years of rising interest rates — with mortgage rates climbing from historical lows of 0.25% in early 2020 to as high as 5% in 2023.
For context:
The average fixed-rate mortgage in Canada reached 5.7% in 2023, up from around 2.5% in 2020.
Meanwhile, variable rate morgages surged due to rapid increases in the Bank of Canada’s target rate, adding hundreds of dollars to monthly payments for many borrowers.
Roughly 60% of mortgages set to renew in 2025 and 2026 are fixed-rate, meaning these homeowners locked in lower rates during earlier years but may face significant jumps upon renewal.
This statistical backdrop underscores the financial challenges Canadians are likely to face — but also highlights the potential for relief if the target rate is shifts downward.
How changes to the BoC target rate can alleviate financial strain
The Bank of Canada’s target rate directly influences borrowing costs, including the prime rate used by banks to set mortgage interest rates. A reduction in the target rate would have a ripple effect, lowering interest rates on new and renewing mortgages alike. For homeowners, this could translate into:
Lowers monthly payments
A 1% decrease in mortgage rates could save the average borrower $150 to $300 per month on a $500,000 mortgage.
For those renewing a fixed-rate mortgage, this reduction could soften the impact of transitioning from historically low pandemic-era rates to today’s elevated levels.
Greater predictability for variable-rate holders
Homeowners with variable-rate mortgages tied to the prime rate would experience immediate reductions in their monthly payments if the target rate decreases.
This relief could stabilize household budgets and help prevent financial overextension.
Improved refinancing options
A lower target rate could also enhance refinancing opportunities for struggling homeowners, enabling them to consolidate debt at more favorable terms.
For many Canadians, these outcomes would mean a reduced likelihood of defaulting on their mortgage and an improved capacity to manage other financial obligations.
10 steps homeowners can take to prepare for interest rate changes
1. Evaluate current financial position
Assess monthly budgets and identify areas for savings to accommodate potential higher mortgage payments upon renewal.
Build an emergency fund to handle unexpected financial strain.
Read More: Find the right account to build an emergency fund
2. Understand your mortgage terms
Review your mortgage contract to know the renewal timeline and conditions.
Determine whether your mortgage is fixed or variable and how interest rate changes will affect payments.
Read More: Find the right account to build an emergency fund
3. Explore renewal options early
Contact your lender in advance of your renewal date to discuss options.
Consider locking in a fixed rate if you prefer payment stability over potential market fluctuations.
Pay down as much of your principal as possible before renewal to reduce the impact of a higher interest rate.
Make lump sum payments if permitted by your current mortgage terms.
6. Refinance or consolidate debt
Look into refinancing options to secure lower rates or consolidate high-interest debts for better financial management.
7. Seek professional advice
Consult a mortgage broker or financial advisor to explore strategies tailored to your situation.
Stay informed about economic trends and Bank of Canada announcements.
8. Prepare for variable rate adjustments
If holding a variable-rate mortgage, prepare for fluctuating monthly payments.
Set aside additional funds to cushion potential increases.
9. Monitor economic indicators
Stay updated on changes to the Bank of Canada’s target interest rate and other relevant economic policies.
10. Leverage financial tools
Use budgeting apps and tools to track expenses and manage financial changes efficiently.
Access resources such as calculators and guides to simulate future scenarios.
By taking proactive steps and staying informed, homeowners can mitigate the financial impact of interest rate changes and ensure better control over their mortgage commitments in 2025.
Relationship between mortgage rates and loan delinquency
Delinquency rates — defined as loans overdue by 90 days or more — are a critical indicator of financial strain within the housing market.
Canada’s mortgage delinquency rate has historically been low, sitting at just 0.15% in 2023, but the rapid rise in interest rates has raised concerns about a potential increase in mortgage loan delinquencies.
Here are some key factors to consider:
Impact of rate decreases on delinquency rates
If the Bank of Canada drops its target rate, homeowners renewing their mortgages may find themselves in a more manageable financial position, reducing the likelihood of missed payments. Lower rates could also enable at-risk borrowers to restructure their debts, preventing delinquencies.
Historical trends
During previous periods of declining rates, delinquency rates either stabilized or fell, as borrowers faced less financial pressure. A similar trend could emerge if rates are reduced for 2025 and 2026.
Potential risks and challenges
While a lower target rate could provide relief, it is not without potential drawbacks. The following considerations highlight why policymakers and borrowers must approach this issue with care:
Housing market dynamics
A significant rate reduction could reignite demand in the housing market, potentially driving home prices higher. For first-time buyers or those seeking to upsize, this could erode affordability gains made during periods of slower market activity.
Inflationary pressures
Lowering rates too quickly or significantly could stoke inflation, complicating the Bank of Canada’s efforts to maintain price stability. This may limit the extent to which rates can be reduced without adverse economic consequences.
Long-term debt sustainability
A reduction in rates could encourage higher levels of household borrowing, potentially exacerbating Canada’s already high household debt-to-income ratio, which stood at 183.3% in 2023.
Economic uncertainty
If global or domestic economic shocks occur, rate adjustments may have less predictable effects on the housing market and mortgage renewals.
Broader implications for the Canadian economy
The relationship between mortgage rates and financial stability extends beyond individual households. Reduced financial strain on borrowers could yield significant benefits for the Canadian economy, including:
Increased Consumer Spending: Homeowners with lower monthly payments are more likely to spend on goods and services, boosting economic activity.
Stabilized Housing Market: Lower rates could encourage greater stability in home sales and prices, mitigating the risk of sharp market corrections.
Banking Sector Healt: A reduction in mortgage delinquencies would strengthen the financial health of Canadian banks, reducing risks in the lending system.
Economic Growth: By alleviating financial strain on households, a lower target rate could create conditions for more sustainable economic growth.
Bottom line: December 2024 is a critical moment for Canadian homeowners
The upcoming wave of mortgage renewals in 2025 and 2026 will serve as a litmus test for the resilience of Canadian households and the effectiveness of monetary policy. With 1.2 million mortgages set to renew, even modest changes in the Bank of Canada’s target rate could have profound effects on financial stability and delinquency rates.
While a rate reduction could alleviate significant financial pressure and reduce delinquencies, it is not without risks. Policymakers must carefully balance the benefits of lower borrowing costs with the need to maintain economic stability and control inflation.
For Canadians facing mortgage renewals, proactive financial planning and an awareness of market trends is very important. With careful policymaking and informed decision-making by borrowers, the potential exists to turn this period of uncertainty into an opportunity for greater financial stability.
In this article, we will provide you with the top available online slots and the best casinos in Canada offering slots, we have done all the research for you, and the sites we have chosen have been ranked against an extensive list of qualities to ensure you will receive the best experience playing slots online with them. We also have a frequently asked question section for any burning questions you may have.
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A player’s first three deposits after creating an account at Spin Casino with a minimum deposit of $10 are eligible for a C$1000 bonus. Playing online slots and table games will satisfy the 70x wagering requirements for this deal.
Pros ✅
Cons ❌
Huge Selection of Slot Games
High Wagering Requirements
Mobile-compatible
Generous welcome bonus
2. Jackpot Frenzy – Best New Casino for Slots Online
Jackpot Frenzy, a new name on the market, is growing to be a reputable and trusted casino, with one of the best selections of online slots currently available in Canada. It has a licence from the Malta Gaming Authority (MGA), and is growing in popularity day by day.
The company’s welcome promotion, which gives up to $750 in matched deposit bonuses and 200 free spins, is available to players who sign up and make the minimum deposit. You can fulfil the allotted wagering requirement on their selection of slot machines, and there are numerous casino free spins available to claim on their website, meaning you can try out some new slots online without much risk.
Pros ✅
Cons ❌
New and Exciting Casino
Restricted in Some Countries
Large Slot Game Selection
Good Customer Support
3. Hellspin Casino – Great Range of Slots Bonuses for Canadian Players
Hellspin Casino, one of the most excellent online casinos, provides an incredible selection of casino slots. Players can choose from various poker games, Blackjack, roulette, slots online, and table games.
Gaming software titans Microgaming, Evolution Gaming, Pragmatic Play, and Nektan are responsible for creating each and every one of the online slots that Hellspin Casino offers. These casino slots are safe and secure, so gamblers can confidently play them.
Pros ✅
Cons ❌
Trusted Casino Site for Canadian Players
Lacking on VIP Program
Mobile Compatible Website and App
Hundreds of Slot Games Available
4. Dolly Casino – Best Casino in Canada for Progressive Slots
Dolly Casino is known across Canada for being one of the best online casinos and one of the best live online casinos. Despite being renowned for its live games, it also provides a wide range of substitutes for games, including Roulette, Blackjack, and Baccarat. These games are powered by the best software providers in the industry. In terms of online slots though, Dolly Casino excels in its offering of progressive jackpot slots!
The Dolly Casino staff also maintain a high standard, ensuring that players gamble responsibly and safely by offering a safer gaming environment where users can set deposit limits, reality check, exclude themselves, and time out, should they feel out of control when playing slots online.
Pros ✅
Cons ❌
Best Progressive Slots on the Market
Could Offer More Bonus Variety
Generous Bonuses and Promotions
Safe and Secure
5. iWild Casino – Most Exciting Range of Online Slots in Canada
It’s a big bonus that iWild Casino accepts various reliable casino payment options, including Visa, Mastercard, iDebit, Apple Pay, Paysafecard, and MuchBetter. Our experts have ranked iWild Casino so highly in the list of best online slots Canada, simply due to its vast range and variety of slot games available. You are sure to have a premier experience playing slots online at iWild Casino.
As one of the best gambling sites in Canada, iWild Casino’s new player promotion offers customers from Canada a mind-blowing 100% matched deposit bonus of up to €100 with a potential €3000 welcome bonus on top! Please be aware that this promotion has wagering requirements and other terms and conditions to follow before being able to claim., and be sure to check which casino slots you can use this promo on before playing.
Pros ✅
Cons ❌
Huge Range of Slots Online
Extensive Terms and Conditions
Full Mobile-Compatibility
Good Selection of Payment Methods
How We Rank the Best Online Slots in Canada
All the sites in the above list undergo a harsh criterion check to ensure we suggest the best online slots sites for players. There is a range of factors we look out for to help players make informed decisions when playing slots online; all these factors, what they mean, and their reasoning can be found below:
New and Existing Customer Bonuses
Promotions and bonuses are a big part of making a casino and online slots site successful; we look for sites with the best bonuses for new and existing customers. A great welcome bonus is essential to players, but we ensure that the sites we recommend offer both and that the promos come with fair T&Cs. Due to the range of bonuses, we like to find sites with a decent variety for players with all kinds of preferences when playing slots online, whether that is no deposit, sign-up, VIP, birthday or other bonuses.
Slot Game Variety
There is a vast number of online slots out there on top of a range of types. The casino slots we promote offer a range of traditional, video, multiline, progressive slots and fruit machines, as we know how important it’s for players to be offered a variety of games. We also keep in mind the favoured games and ensure that the sites on our list offer one or more of them; this includes Starburst, Gonzo’s Quest and Book of Dead.
RTP
The RTP, also known as Return to Player Percentage, is attached to all casinos and online slots you play. It means that when you wager a certain amount, say $100, over time, you will receive a percentage of that back in winnings. An example of a good RTP is Jackpot 6000, which has an RTP of 98.66%. Another thing to watch is casino slots volatility; high volatility means you will receive more significant amounts over a short period, and low volatility means you will receive smaller amounts over a more extended period.
Customer Service
Ensuring the comfort and well-being of its players is of the utmost importance to all the best online slots we have chosen. All the online slots sites provide a scope of customer support options and services, including email addresses, phone numbers, live chat options, Frequently Asked Questions sections, complaint boxes and links to gambling addiction help and awareness sites. Ensuring that the online slots site you choose can deal with problems quickly and efficiently should be a priority.
Jackpots
Jackpot slots and games are well-loved by punters, and it is no surprise why jackpot games provide the chance to win substantial cash prizes. There are two types of jackpot games: those with a set jackpot and those whose prize fund increases with every stake until won by one lucky player. So the sites we’ve chosen don’t only offer the best Canadian slots online but also offer a range of jackpot games.
Security and Safety
Your safety and security should always be a prime concern when it comes to gambling and choosing the best slots online for you. The casino slots on our list are fully licensed and regulated by MGA (Malta Gaming Authority), so players can be sure they’re safe and secure while betting. You can find each site’s license on their website’s home page.
Payment Methods
As mentioned, ensuring players have a safe and secure experience while playing at our suggested online slots in Canada is extremely important. We’ve ensured that all the chosen sites offer more secure payment options, so punters should feel relaxed knowing their money is safe. We’ve also made sure that players can choose from various payment methods, including e-wallets (e.g. PayPal), prepaid cards, debit cards, cryptocurrencies (e.g. Bitcoin) and others.
Mobile Compatibility
Having the option to play on the go is essential to many punters, so we have included it in our criteria. The sites we have suggested have either a mobile-friendly website or a personalized app for iOS and Android. Some sites even offer players mobile-specific bonuses, which they can claim only while playing on their phones.
Software Providers
The games on the sites we have suggested all come from the top gaming software providers, such as Pragmatic Play, Red Tiger Gaming, Evolution, Microgaming and Novomatic. Having the best software providers ensures that the games are safe and have the best quality, features and range. When you play online slots from these software providers, you can notice the top visual quality, including vibrant colours and clear images.
Slots Vocabulary
Terms:
Definitions:
Active Paylines
An active payline is when a line of symbols matches up on a slot game or machine that can win a jackpot. These can be horizontal, diagonal, vertical and zigzag.
Fixed Jackpots
These are jackpot games where the jackpot prize fund does not change.
Free Spins
Free spins are given out as part of promotions, which means that instead of depositing to spin the slot, you can use these instead.
Bonus Feature
These are unlocked when you match a certain amount of a specific symbol; this varies from game to game. Some features that can be unlocked include re-spins and multipliers.
Multiplier
Multipliers increase the amount you can win over a set period of time; for example, a 10x multiplier will increase your winnings on a payline tenfold.
Payout Percentage
Also known as the RTP, this is the expected return you will make from a wager on the chosen game. For example, 98% would reward you with a $98 return after betting $100.
Progressive Jackpot
This is when the jackpot prize fund increases every time a player wagers on the jackpot and does not win.
Reel
The columns in a slot game where the symbols can be found.
Wilds
These act as a replacement, so if you have two of the same symbol and a wild, the wild will replace to match the others to form a payline.
Slot Bonuses and Promotions
Not only is there an extensive collection of online slots Canada available, but there are also multiple slot bonuses that players can enjoy; the slot sites we have recommended usually offer at least one or more of the following promotions.
Free Spins No Deposit
Out of every welcome promotion, no deposit free spins offers are some of the most popular out there. In order to claim them, players have to create an account with online slots sites using their name, age, email address, home address, form of identification, gender and date of birth. Once this is done and verified, punters can find this bonus in their accounts. Due to the generosity of this offer, it is no surprise that they’re so popular.
Free Spins on Card Registration
This type of promotion is very similar to the no deposit free spins offer as you claim them in the same way, but this time, you add one more step. Players must still enter their home/work address, email address, age, name, date of birth, gender and form of identification, but they must also enter the detail of a valid card. Do not worry, no money will be taken to claim this promotion. Once your ID and card have been verified, you should again find the online slots bonus in your account upon logging in.
Slots Welcome Bonuses
Some welcome bonuses are specific to slots. This means that when you claim the promotion, the bonus can only be used on online slots or a specified slot game. For example, Starburst free spins can only be used on the Starburst slot game. You claim these bonuses the same way you would claim any other. You must enter all required information and a form of identification. You must then deposit the minimum amount to qualify; once your ID is verified and the deposit is made, you can use your bonus either on slot games only or the specific slot the offer singled out.
Deposit Slots Bonuses
Deposit bonuses, also referred to as match deposit bonuses, are when you make a deposit and the site, whether that’s casino, bingo, slot or sports, matches that deposit a set amount of times; for example, a 200% deposit will match your initial deposit of $5 twice making it $15. Deposit slot bonuses can only be used on slot games; they can be any kind of bonus; sign up, refer-a-friend, birthday or otherwise.
Mobile Slot Sites Canada
There are currently over 25,000 online slots available on mobile devices; the first was released in 2005 to keep up with changes to the internet and the popularity of playing games on mobile devices. Now thousands of betting sites, including all the best online slots we have recommended, have adapted to offer players their sites on apps and adjust their websites to be mobile-friendly. Canadian players can collect mobile-specific bonuses and promotions.
Types of Online Slot Machines
There are multiple types of online slots available, all of which can be found on most sites which offer slot games, including all the sites on our list; if you sign up today, you can play online casino slots like the ones below:
Three-Reel Slots
This is the original slot game format and is still wildly popular today due to the game’s simplicity and the thrill players receive from winning. It is a slot which has a massive variety of games; some of the most popular are Fire Joker, Mega Joker and Jackpot Jester 50,000. Win frequencies tend to be higher in three reel games, but the win amount tends to be lower than in other slot games.
Five-Reel Slots
Five-reel slot games have quickly become one of the most popular slots among avid players; this is likely because there are usually around 20 paylines in a standard version, making it much more interesting to players than the original three-reel game. Like three reel slots, there is a vast collection of five reel games, all with a range of themes from farms to aliens to magic; players are spoilt for choice.
Progressive Slots
These slots are also known as progressive jackpots; the final jackpot increases each time the game is played. Once the game has been won, the prize funds will be reset and returned to its original value. This game has become so popular due to its enticing premise, which is why you will find many sites with large progressive jackpots.
Slots for Mobile
Some slot games have been modified to be available to mobile users, such as Aloha!, Starburst, Pyramid: Quest For Immortality, Finn And The Swirly Spin and Beat the Bobbies. This was done because many software providers realized that mobile apps and games were increasing rapidly, and they wanted to cater to bettors who would enjoy gambling on the go. Fortunately for players who love mobile betting, thousands of mobile-friendly slot and casino games are available on both iOS and Android.
Video Slots
Slot machines were created to make slot games more enjoyable. They include all the regular buttons and reels, except video slots that feature sounds, graphics, and animations to upgrade your experience. All video slots have exciting themes and many bonus features, including changes in themes and music. Some popular slots include Starburst, Book of Dead, Book of Ra, and Wheel of Fortune.
Frequently Asked Questions
Can you get real money playing slots?
Indeed. Players must deposit money in order to spin the reel in order to play online slots with real money. Depending on the game, if three or more symbols match, players will get their money back based on the play line’s value.
Is it safe to play online slots?
Yes, as long as online slots are provided by reliable websites like the one on this page and are created by reliable software developers, you will feel secure playing them.
What are the best online slots for real money in Canada?
Make sure to do your homework and choose the best online slot machine for you because there are so many well-liked real money options available in Canada. However, all of the top casino slots available online were available on the well-liked slots page of the websites on our list.
Are slot games tested for fairness?
A random generator powers each slot game, ensuring both fairness and the absence of manipulation. Verify the software provider to be sure a respectable company is behind it. Go here to learn more.
Can you play casino games at slot sites?
You may be able to play casino games based on the slot sites you select. All of the websites on our list of the top Canadian online slots offer both slots and casinos.
Are there welcome offers for slot sites?
Check out all of our programs that allow you to place direct bets on the MLB. For more exclusive deals and informed information.
All things considered, our experts collection of online slots is the best on the market. They provide a variety of three- and five- reel slots, progressive slots, and other slot games with captivating themes and features. The best online slots mentioned above all take into account the individual needs of players and offer a wide range of bonuses to satisfy every preference.
DISCLAIMER: We would like to emphasize that gambling is risky and shouldn’t be used to resolve financial difficulties. The saying “the house always wins” is worth keeping in mind.
If you or someone you know has a gambling problem, we firmly advise you to call the Gamblers Anonymous at 1-626-960-3500 to speak with an expert about getting assistance and making gambling safer for you or your friends and loved ones. Remember that all gaming websites and instructions are intended for people aged 19 and above.
Some of the casino sites featured on our site may not be available in your location. Check your local regulations to see if Internet gambling is permitted in your area.
Check out the following organizations for free gambling addiction resources:
Below we’ve listed our selection of what we believe to be the top sportsbooks and betting sites in Canada. These brands offer customers great welcome bonuses and some of the best sports betting apps.
Here you can find a brief review of our selection of top online betting sites in Canada this year. Read on to find out more!
Sports Interaction
Founded in 1997, Sports Interaction is a well-known sports betting site in the Canadian market. Those looking for the best betting sites in Canada should look no further than Sports Interaction. With Sports Interaction offering a first deposit match bonus of up to $1000, betting fans are in for a treat when they see what else Sports Interaction has to offer! For those looking for a rewarding welcome offer from one of Canada’s most trusted bookmakers and those who want to find out more about how to claim this fantastic welcome offer, head to Sports Interaction via the link in this article.
Betway
Betway is one of the biggest betting sites in Canada, and this is thanks to the brand’s exceptional range of betting markets and sports for players to bet on, including being one of the best golf betting sites. Along with this, they offer a great range of bonuses along with fantastic customer service.
Betway is currently offering a fantastic promo to new customers who sign up for the first time. Players have the chance to claim a 100% deposit bonus of up to $200. The maximum bonus customers can receive from Betway is $200, therefore an initial bet of $50 will qualify for a $50 bonus, an initial bet of $200 will qualify for a bonus of $200, and an initial bet of $300 will only qualify for a $200 bonus. This welcome offer is valid for up to seven days of a customer creating their account. Players who are interested in this promo can read more about the wagering requirements and terms and conditions on the Betway site. Customers are required to make a qualifying wager and deposit of at least $10. T&Cs Apply.
LeoVegas
Another heavy hitter in the Canadian sports betting industry. LeoVegas is sure to have something for everyone on the site. With a wide range of markets from cricket to basketball, be sure to head to the website to find out more about what they have to offer.
The promo LeoVegas is offering new customers the chance to claim up to $1000 cash & $30 in free bets! Players must first deposit $10+ and wager this on the sport of their choice. Once this has been done, the player will be rewarded with a 100% matched deposit cash reward! Those who have not signed up to LeoVegas before can head to their site to find out more and learn how to go about signing up and taking advantage of this brilliant welcome bonus! T&Cs Apply.
Parimatch
Parimatch is a widely known site across Canada and across the world for that matter. The sportsbooks’ wide range of markets and excellent range of sports grants the player a fantastic opportunity to explore all different types of betting options. Parimatch is currently offering a 100% matched deposit bonus, up to $500. This promotion is for players signing up to the site for the first time. The bonus bets will be credited to the player’s account within 24 hours of the initial bet settling. This is certainly a rewarding sign-up offer, and those looking for a sports betting site that rewards new customers can check out Parimatch! T&Cs Apply.
888Sports
888Sports offers a large range of betting markets and promos that cater to all sporting events. Players looking for the best betting sites in Canada should check out 888Sports’ easy-to-navigate website and see what they have to offer. Customers of 888Sports can claim a fantastic 100% matched deposit bonus up to $500 + $10 casino bonus on your first deposit. This is once again a very rewarding welcome promo as 888Sports match your qualifying deposit up to $500, rewarding players with bonus bets! In terms of online sports betting, 888Sports is one of the most trusted and revered bookmakers in Canada, offering secure payment options, 24/7 customer support and reliable payouts. Players can rest assure that this bookmaker is fully licensed and regulated in Canada. T&Cs Apply.
PowerPlay
Those looking for a Canadian betting site with an extensive range of betting markets should check out PowerPlay. The site’s range of sports and bonuses certainly stand out to us when selecting it as one of our top choices. PowerPlay is offering players who sign up to the site a fantastic 100% match deposit welcome offer up to $500. Players are required to deposit and wager a required minimum amount that is clearly stated within the terms and conditions of this offer. . The PowerPlay website has more information on how to claim this fabulous offer and steps on how to sign up. T&Cs Apply.
bwin
bwin, like many others, offers a fantastic range of sports and betting markets along with a range of secure payment methods. Players can be assured that no matter their preferred payment method or sport, bwin has them covered. bwin is offering a 100% deposit bonus of up to $200 to new customers who sign up for the site for the first time. This means they will match players’ first deposits up to $200, and this will be rewarded with bonus bets or free bet credits. There is a minimum required deposit of $10 and this needs to be wagered first in order to qualify for this promo.
Customers should be mindful of the requirements and terms and conditions, all of which can be found on the bwin website. T&Cs Apply.
Royal Panda
From golf and soccer to NFL and MLB, this sportsbook has something for everyone’s interests. Royal Panda prides itself on its simple yet exciting online betting site, as well as hosting a wide range of markets and sports for players to bet on. New bettors can rest assured that Royal Panda has something available for them.
Royal Panda, one of the best betting sites in Canada, is offering a free $ 50 bet when they sign up for the first time. This is available for 14 days after the initial bet is placed. The maximum total players can claim in free bets is $50 and to qualify for this total. players would have to bet $100 to be rewarded with a 50% matched total. The minimum required deposit is $20. Customers looking for a rewarding betting site in Canada can head to the Royal Panda website to find out more about how to sign up and take advantage of this exceptional welcome bonus! T&Cs Apply.
How we Choose the Best Betting Sites
So how do we decide what are the best sites? Well, below are listed some criteria that are met by these featured sites. Read more to find out more about these criteria that will help customers best decide what site to choose.
Range of Betting Markets
A healthy range of markets is important to help people choose which site is best. As a site with very few markets to choose from and lacks variety, is not very enticing. Luckily, these featured sites all have an exceptional range of betting markets for new and existing customers to choose from. These sites offer a wide range of sports, from Hockey and Cricket to Basketball and Football. These sites are sure to have something for everyone!
Competitive Odds
To make sure players are getting the best value possible, we search for sites that offer the best competitive odds and specials like bet boosts. The betting industry is ultra-competitive, and players should feel that they are getting value when placing bets on their favorite betting markets. Therefore players should be sure to look for the site that offers the best odds for them in the markets they wish to partake.
Usability
If a site is hard to navigate, then it is not going to be an easy process for the customer to get to grips with the brand. This will deter customers, and this is something these top betting sites wish to avoid. Due to this, these sites listed have all optimized their sites to be easy to use and navigate. This ensures an easy user experience, something that everyone wants! An easy-to-use website is crucial to both keeping up with the modern punter and also ensuring that customers experience an enjoyable time when betting.
Bonuses and Promos
Bonuses and Promos are a fantastic way to keep the user experience good and keep engaged with the brand. Bonuses are one of the most exciting aspects for many online bettors and it is a great way to help the player feel valued for their time and loyalty. Players can enjoy a range of offers for both new and existing customers, that can be claimed for many different sporting events.
Payment Methods
All of the best brands that offer sports betting in Canada have a wide variety of payment methods, so players can be rest assured that whatever their preferred payment method, they will be able to use it with ease. We base our decision on who offers the widest range of payment offers to make the experience as easy as possible for the customer. All methods offer speedy withdrawals and deposit times so there is no delay for the customer. This is crucial in maintaining a good relationship with customers and, in turn, helps improve loyalty.
Safety and Security
User safety and security are possibly the most crucial parts of the user experience on these sites. All of these sites make sure that their security and safety for their users is up to scratch to assure that users have the best possible experience. Players can be assured that these are trusted brands that are all regulated by a recognised body and hold valid licenses. Players’ personal information is also kept private as part of additional player security measures to ensure that everyone who partakes in what these sites have to offer is as safe as possible when doing so.
Speed
The speed of the site is paramount for user experience, and if the site is slow, this could really impact placing bets, especially when wagering on live in-play fixtures. These sites have all been optimised for players to best enjoy their experience. The graphics and layout of the site are of paramount importance because if the site has good graphics and a spectacular layout, but the screen is constantly buffering and not loading properly, no one is going to want to spend their time on these sites. So making a smooth transition from page to page is of great importance to maintaining a good customer experience on the sites.
Types of Betting Bonus
Betting bonuses are a great way to entice players to return to sites and become repeat customers. Sites use bonuses as a way to reward customers’ loyalty and promote their brand to more and more people. What are the different types of betting bonuses? There is a plethora of ways sites reward their new and existing customers to both entice them to sign up and keep them loyal to the site. Read below to find out more!
Welcome Offer
Welcome Offers are a great way to attract customers to join their site using welcome offers exclusively available to people signing up for the first time. All sites in this article have generous welcome offers for new customers and will include something for everyone in the world of Canadian sports betting. These can come in many different forms. Whether it is a free bonus bet or a matched deposit, customers who are signing up are bound to be impressed by the free rewards granted to them.
No Deposit Free Bet
No deposit-free bets are a wildly used offer used by betting sites in Canada. It is when a bet is offered to the player for free without them having to make a qualifying bet, thus offering the player a chance to wager free bets on their favorite betting markets.
Deposit Free Bets
Deposit-free bets are the opposite of no deposit-free bets in that the player must first make an initial deposit on the site in order to qualify for a free bet. When looking for Canadian betting sites, a lot of brands will offer this as a welcome offer. No deposit free bets are a common theme with many of our chosen sportsbooks and players can click on one of our sites to find out more about Deposit Free Bets.
Loyalty Bonus
A Loyalty Bonus is offered to customers who have been with a particular bookmaker for a select period of time, and so the bookmaker will reward the existing customers with a loyalty bonus. This may come in the form of free bets or sometimes odds boosts on sporting events and matches. This is a fantastic bonus to be offered by Canadian betting sites as this helps to ensure that players are valued and it is worthwhile betting with that specific sportsbook.
Best Mobile Betting Apps
These websites must have a great mobile app because mobile phones are becoming more and more popular and consumers want to wager while they are on the go. Fortunately, all of these highlighted websites have incredibly optimized iOS and Android apps. Any betting software will work for you, regardless of your preferences.
How to download for iOS:
Step 1: Sign Up via the operator’s site (this ensures that you receive the correct promo).
Step 2: Download the app via the website or through the Apple App Store.
Step 3: Click ‘Download’ and wait.
Step 4: Open the app.
Step 5: Sign in and place your first bet.
How to download for Android:
Step 1: Register an account via the operator’s website.
Step 2: Download the app via the website or through the Google Play Store.
Step 3: Click ‘Download’ and wait.
Step 4: Open the app from your home page.
Step 5: Login and place your first bet.
FAQs
We have compiled a collection of frequently asked questions (FAQs) in an attempt to address some of the queries that individuals may still have.
What Sportsbooks Can I Use In Canada?
There are numerous sportsbooks available online; to help you find one, we have included a selection right here. To learn more, click here right now.
Is Online Betting Legal In Canada?
In Canada, it is totally legal to wager on sports online. The fact that betting on their preferred sports is entirely legal gives players peace of mind. The Canadian Gambling Commission has granted full licenses to every brand on this page.
What Are The Most Popular Sports To Bet On?
The betting sites we have included here offer a wide range of sports markets, such as baseball, soccer, and golf. Everything you are searching for is right here.
Can I Use PayPal?
PayPal is accepted as a form of payment at every betting website that we have listed here. Additionally, Google and Apple Pay are accessible. Go here to learn more.
It is no secret that online gambling is fun and a great way to enjoy your favorite casino games or bet on your favorite sports from the comfort of your own home or the convenience of wherever you are. However, it can start to become addictive. If you start to feel out of control of your gambling habits, please seek advice from gambling helplines or a trusted source of information.
Please remember that you must be over the age of 19 to gamble online in Canada.
Check out these free online helplines for problem gambling:
