The good news is the economy is showing signs of recovery. The bad news is spending cuts aimed at slashing the deficit have forced the cancelation of stimulus incentives like the Home Renovation Tax Credit.

Without the popular program being extended for another year, homeowners are once again faced with picking up the full tab for home improvement projects like adding a new bathroom.

Whether a first-time home buyer or downsizing from a house, millions of Canadians are choosing to nest in smaller, but convenient and often affordable, condominiums.

At first glance, condo life seems worry-free and is why many prefer this real estate option. When purchasing a condo, however, many Canadians don't consider the risks associated with non-insured damage to the unit. When purchasing a house, insurance is typically one of the first things accounted for when moving in.