The grim prediction from insurance industry experts comes as the Insurance Bureau of Canada said claims for replacing stolen vehicles in Canada reached a record-breaking $1.5 billion last year.
That topped the previous record of $1.2 billion, set in 2022.
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Four GTA men have been hit with 18 charges related to an auto theft ring that operated out of a Mississauga auto body shop, police allege.
Private security firms boast constant patrols and rapid response — one CEO says his teams have a six-minute response time.
Toronto residents are increasingly making serious investments in vehicle security.