Reported about 1 year ago
Following the COVID-19 pandemic, countries including the US, UK, and Canada have experienced a surge in car thefts due in part to global car shortages, increasing demand for new and used vehicles. In 2022, over 105,000 cars were stolen in Canada, averaging one car stolen every 5 minutes. The International Criminal Police Organization (Interpol) has listed Canada among the top ten countries with the most severe car theft situations. Car thefts in Canada lead to either being used in other crimes or sold overseas, with insurance payouts for these thefts skyrocketing to CAD 1.5 billion. This crisis has prompted Canadian authorities to issue warnings on protecting vehicles from theft, with citizens resorting to self-help measures like installing tracking devices and hiring security guards for their cars. Canada's less stringent border security measures and lack of enforcement resources contribute to its high car theft rates, with the country even surpassing the US and UK in per capita theft rates.
Source: YAHOO