Found 1 blog entry tagged as extreme weather.

Climate change risk disclosure

Governments prioritize updating national flood maps, to help Canadians buying or selling a home assess climate change-related risk more comprehensively

RE/MAX Canada’s latest report looks at the Canada real estate market through a lens of climate change and the risks to homebuyers, which include displacement due to extreme weather events, higher insurance premiums and compromised liveability, and are already being felt by homeowners from coast to coast.

According to the Insurance Bureau of Canada, the estimated trend of the overall costs of catastrophic losses has increased from approximately $1 billion in 2005 to almost $2.5 billion in 2021.

“These climatic stresses are increasingly colliding with federal and…

317 Views, 0 Comments