Even though the unemployment rate has doubled, the housing market continues to rally. Many homeowners in British Columbia, as well as in the rest of the country, were able to keep their homes even though they may have lost their jobs due to unforeseen circumstances. In tandem with that were lower interest rates that allowed some people a foray into the real estate market and gave some prospective buyers more house for their money.
Personal injury law and public insurance
The fact is some drivers operate vehicles without having insurance, even though it's the law. In British Columbia, drivers purchase public insurance through the Insurance Corporation of British Columbia (ICBC) which leads many to wonder what happens if they suffer a personal injury driving their vehicles. The short answer is as long as drivers whose vehicles were hit by uninsured drivers have insurance, they're covered.
