Advertisement

Canadian homes aren’t prepared for catastrophes: University of Waterloo study

Click to play video: 'What 2019 holds for housing market'
What 2019 holds for housing market
WATCH ABOVE: What 2019 holds for housing market – Dec 8, 2018

A coast-to-coast study finds Canadians aren’t keeping up with the need to protect their homes against catastrophic events made more common by climate change.

The study from the University of Waterloo points out that insurance claims from weather-driven problems like floods have more than quadrupled over the last decade _ even after taking rising real estate prices into account.

WATCH:  Heavy rain causes mudslide near Vancouver SkyTrain tracks at Commercial-Broadway station

Click to play video: 'Heavy rain causes mudslide near Vancouver SkyTrain tracks at Commercial-Broadway station'
Heavy rain causes mudslide near Vancouver SkyTrain tracks at Commercial-Broadway station

The study from the university’s climate adaptation centre adds that the number of homes that are uninsurable for flood risk is also beginning to grow.

Story continues below advertisement

READ MORE: Ontario legislators hike housing allowances by 20 per cent to offset increased Toronto rental rates

Breaking news from Canada and around the world sent to your email, as it happens.

It says there are a range of easy, inexpensive measures people can take to keep their homes dry.

WATCH:  Ice jam, heavy rain cause N.B. river to spill its banks

Click to play video: 'Ice jam, heavy rain cause N.B. river to spill its banks'
Ice jam, heavy rain cause N.B. river to spill its banks

They can be as simple as ensuring rainspouts drain far enough away or installing a sump pump with a backup power supply.

The study found that less than 10 per cent of eligible homeowners take advantage of municipal flood-proofing grants.

Sponsored content

AdChoices