Climate crisis is a consideration for more than half of Canadians when buying a home: polls

Re / Max According to Canada's Leger survey, 57% of Canadians have severe floods, wildfires, droughts, etc. when deciding where to go. It states that it is considering the possibility of a disaster in Canada.

More than half of Canadians decide where to buy a home, according to a new poll conducted on real estate companies It states that it is a factor. In a study conducted by

Leger for Re / Max Canada, 57% of Canadians surveyed decided on serious floods, wildfires and where to move. In some cases, drought is taken into consideration.

This survey was included in a real estate agent's report on climate change. This shows that up to 10% of Canadian homes are not insured due to the risk of flooding.

Almost half (49%) of respondents are concerned about the impact of wildfires, floods and other climate change-related events on their neighborhoods and communities over the next five years. The

report cites a nationwide survey completed by the Intact Center on Climate Adaptation, which investigated whether community-level floods could affect residential real estate in Canada.

Within the six months after the flood, the average selling price fell by 8.2% in communities that experienced catastrophic floods between 2009 and 2020. understood. Listings decreased by 44.3% and time spent in the market increased by 19.8%.

Re / Max Canada's Executive Vice President Elton Ash said adding climate risk to the disclosure list when selling a home is a logical step.

"It helps residents across Canada identify resilient and neighboring areas, with additional investment, stronger livability, lower premiums and more recovery in those areas. It has the potential to promote a strong housing market, "Ash said in a report.

"But for it to work as intended, the information needs to be up-to-date and robust, and investment in adaptation and mitigation needs to be at the lock step."

An online survey of 1,633 Canadians was completed from March 4th to March 6th. Opinion polls show a margin of error of plus or minus 2.43 percent, 19 out of 20.

ticrawford@postmedia.com

Daily headlines from Vancouver Sun, a division of Postmedia Network Inc. Sign up to receive the news. By clicking the

sign-up button, you agree to receive the above newsletter from Postmedia Network Inc. You can unsubscribe at any time by clicking the unsubscribe link at the bottom of the email. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300