Vehicle and equipment theft in Canada is escalating, driven by organized crime, economic pressures, and evolving technology. Despite a 14% drop in vehicle thefts in 2024, long weekends and high-risk provinces like Ontario, Alberta, and Quebec continue to face a significant risk. This whitepaper explores the key
drivers behind theft trends, the types of theft impacting the trans-portation sector, and practical prevention strategies for individuals, businesses, and
policymakers. The message is clear: prevention is not just possible—it’s essential.
What’s driving the rise in theft?
Economic Pressures
Despite low unemployment, Canada is showing signs of economic downturn. Rising inflation, interest rates, and low consumer confidence may push some individuals toward theft as a means of survival.
Organized Crime
Organized crime groups are increasingly involved in vehicle theft, especially in remote areas where police response is slower and surveillance infrastructure
is limited.
Evolving Technology
Technology designed for convenience—like keyless entry—has inadvertently made theft easier. Criminals use relay devices to capture and amplify key fob signals, allowing them to steal vehicles in under a minute. These devices are easily purchased online, and current laws make prosecution difficult unless
thieves are caught in the act.
Motor Vehicle Record Review
Screening drivers is one of the most effective meansof minimizing your potential for vehicular accidents,and MVRs are one of the best predictors of accident
experience. According to a study conducted by the American Transportation Research Institute, drivers with prior traffic convictions had a significantly higher likelihood of being involved in a future crash. For example, drivers with a “failure to use/improper signal” conviction were 96% more likely to be involved in a future accident.
Prl mission statement
To consistently provide exceptional, professional service and advice while urturing trusting relationships with our clients, insurers, and colleagues.
About PRL
PRL was established in 1959 and today is one of the leading independent insurance advisory and brokerage firms in Canada with offices in Toronto, Vancouver, Sudbury, and Montreal.
What differentiates us from our competitors?
The individuals you meet and deal with are the ones who will carry out the work and represent you in the insurance market.
PRL’s business is founded on the principles of providing clients depth of expertise and quality service.