What’s Your Flood Risk Tolerance?
1. The Reality: Flooding Is Canada’s Costliest Natural Disaster
Floods cost Canadians over $2 billion per year in property damage — making them the #1 natural disaster in the country;
More than 1.5 million homes are located in high-risk flood zones, including in 80% of Canadian municipalities;
Major events have underlined this reality:• In July 2024, Toronto received nearly 10 cm of rain in 3 hours, leading to $1 billion in insured damages;• In October 2024, a strong atmospheric river caused $110 million...