Market Statistics

Just as we aim to stay current on trends concerning critical illness, workplace insurance policies and car part cost comparisons, we want to help keep you informed too. Check out the latest statistics.

Note: The statistics shown below have been developed by the identified sources. They are provided here for general information purposes only.

Workplace Insurance Statistics

Employer Group

Life Insurance

Short-Term
Disability

Long-Term
Disability

Short Term
Waiting Period

Long Term
Waiting Period

Teachers

2x - 3x Salary*

67%*

60%*

7 days*

4 mths*

Nurses

1x Salary*

No coverage - 67%*

50 - 75%*

Varies

17 weeks*

Bank Employees

1x Salary*

80%*

50-75%*

0

6 mths*

City Workers

2x Salary*

70-100%*

67%*

0 - 6 days

120 days*

Police

$107,000*

70%*

70%*

0-7 days*

52 days*

Firefighters

2x Salary*

70%

0-55%*

15 wks

90 days*

Provincial Gov't
Professional Employees

1x - 3x Salary

70 - 75%

67 - 70%

0 - 6 days

4 - 6 mths

Provincial Gov't
Workers Unions

1x - 3x Salary

67 - 100%

67 - 70%

0

4 - 6 mths

*Statistics updated in August 2017

cost of raising a child

CategoryCost
Food $1,799.94
Increased household costs $2,834.88
Increased household costs $4,141.84
Clothing $874.44
Increased transportation costs $2,152.22
Health care $255.35
Personal care $260.56
Recreation/school supplies $1,046.40
Average Annual Cost of Raising Kids $13,365.63
Total Cost to Age 18 $253,946.97

 

 

 

 

 

 

Inflation adjustment is based on Statistics Canada Consumer Price Index, from August 2011 to January 2015.

Repair Statistics

Today’s vehicles have an amazing amount of technology in them. GPS, HUD, NAV, ESP, DVD, MP3, ABS etc. On average a vehicle under $40,000 has over 180 kms of wiring and between 8 and 12 on board computers. Repairs for these “computerized electrical components” are the new need.  Today’s manufacturer’s warranty covers these parts for 3 years when they work best, but they’re expensive to fix due to new equipment, training and tools associated with repairing them.


Part Cost Comparison

 

1991

1997

2003

2009

2017

Engine

$2250

$2840

$6989

$8305

9551

Transmission

$850

$1930

$4056

$4621

5545

Air Conditioning

$520

$570

$1109

$1277

1405

ABS Brakes

$640

$920

$1525

$2201

2641

 Window

$170

$210

$462

$576

611

Starter

$300

$385

$500

$699

521

 

 


Appearance Protection Statistics

How much salt does Canada use on it's roadways each year?
5 million tons of road salt is annually used as a de-icer on Canada’s roadways. (Ref:  Environment Canada)

How many rust-prone areas can be counted on your vehicle?
On average there are over 2000 spot welds on your vehicles. Spot welds fastening metal to metal where no galvanizing exists because welding it has destroyed it. This means there are approximately 2000 predetermined rust prone areas on your vehicle. Although road salt is used to keep you safer while winter driving, exposing your unprotected vehicle to salty roads can cause major damage over time. Find out how to protect your vehicle!


Critical Illness Statistics

CANCER STATISTICS
(Source : Canadian Cancer Society, 2016-17)

  • Almost 1 in 2 Canadians will develop cancer in their lifetime and 1 in 4 will die of the disease
  • Lifetime probability of developing cancer is 50% for women and 55% for me
  • At the beginning of 2009, there were about 810,000 Canadians living with a cancer that had been diagnosed in the previous 10 years
  • An estimated 206,200 new cases of cancer and 80,800 deaths from cancer will occur in Canada in 2017
  • More than 50% will include lung and bronchus (lung), breast, colorectal and prostate cancers
  • 1st leading cause of death in Canada
  • 60% of Canadians diagnosed with cancer will survive at least 5 years after their diagnosis.
  • As of 2017, the most frequently diagnosed cancers are breast cancer in women and prostate cancer in men
  • On average, 3,892 Canadians will be diagnosed with cancer every week

HEART & STROKE STATISTICS
(Source: Heart and Stroke Foundation, 2017)

  • 90% of Canadians have at least one risk factor for heart disease or stroke
  • Heart disease is the 2nd leading cause of death in Canada
  • 75% of stroke survivors suffer from a disability
  • Estimated 70,000 heart attacks occur each year in Canada; or one heart attack every 7 minutes
  • 1.6 million Canadians report having heart disease
  • A stroke survivor has a 20 per cent chance of having another stroke within two years.
  • A stroke survivor has a 40% chance of dying within 1 year
  • Stroke is the 3th leading cause of death in Canada
  • Stroke is the leading cause of adult disability in Canada
  • Every ten minutes a Canadian will have a stroke.
  • After age 55, the risk of stroke doubles every 10 years

SURVIVING A CRITICAL ILLNESS

  • 85% of Canadians survive their first stroke
  • 62% of Canadian cancer patients survive