COVID-19 has caused major shifts in Canada’s commercial property market, with significant increases in property vacancies. According to CBRE Group’s quarterly statistics report, Vancouver’s downtown office vacancy rate rose to 3.3% in the second quarter of this year. Meanwhile, Toronto saw an 86% jump in available office space since the first quarter of 2020. (1)

In 2019, Statista reported $5.03 billion in commercial property insurance claims. (1) Whether it’s a home-based office, a leased space, or a bricks-and-mortar outlet, every business owner needs Commercial Property Insurance. Commercial Property covers a business’ building, premises, and other physical assets, including tools, equipment, inventory, and furniture.

The COVID-19 pandemic has hurt much of the Canadian economy - except for the leisure & lifestyle industry. With Canadians under travel restrictions both internationally and interprovincially, Canadians will be spending their leisure time closer to home.

According to the Canadian Cosmetic Toiletry and Fragrance Association (CCTFA), Canada’s beauty industry rakes in $9.5 billion a year, and is steadily growing by 0.7% each year, especially in Quebec, Ontario, and British Columbia. (1) Beauticians require professional licensing in Canada as well as training from a certified cosmetology college.

As Canada announced its gradual reopening of private parks and campgrounds, Canadians are itching to get back into more of their “normal” summer activities. On June 22, 2020, Parks Canada offered campers, hikers, and canoeists some respite from lockdown as it began to offer select camping services and national parks across the country.

As part of our annual survey, we asked you to give the name of a charity, that if chosen, we would donate $250 towards. We were thrilled to see the hearts of many of you who had the same type of cause in mind.