What is broadly true across Canada is that severe weather claims, particularly water damage and wildfire risk, have pushed insurers to reprice more aggressively than in past years, which shows up as both higher premiums and, in some cases, non-renewal notices.
An older roof, an aging furnace or a history of water damage claims are the specific factors most likely to move your premium at renewal, more than a general market trend does.
Getting an insurance quote early in a sale or purchase, rather than waiting until just before possession, avoids a surprise that affects your closing numbers. Get your hand-reviewed valuation from Joel Dyck.