Close to home: How to build more housing in a changing climate
This report shows how Canada can meet its housing needs while keeping people safe in a changing climate. It’s the first of its kind in Canada to quantify the economic risks of building new homes in the paths of wildfires and floods. The report recommends building new homes away from the most dangerous wildfire and flood hazard zones, saving Canada billions of dollars and helping shelter Canadians from disruptive disasters.
The report's analysis finds that more than 540,000 homes could be built in areas of flood hazard by 2030, resulting in up to $2 billion every year in additional damages to housing in Canada from flooding alone. The impacts of these new damages from flooding will vary across the country. The highest losses are estimated at $1,200 per year in additional costs for every new home added in Manitoba and the Yukon.
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