Time to retreat from living on the riskiest waterfront land?

Categories: Big picture
Published on: July 18, 2020

CBC News / Janet Davison / 18 July 2020

Across Canada, flooding has become the most expensive natural disaster, costing $1 billion annually in damage to homes, property and infrastructure, according to the federal Department of Public Safety and Emergency Preparedness.

Insurers and many policy experts expect that number will go up. Sea levels are rising. A recent study by researchers at Environment and Climate Change Canada found that climate change has made rainfall more extreme and storms with extreme rainfall more frequent.

While experts see a variety of strategies to help deal with the situation, there is one potential solution people may not want to talk about: When might it be time to retreat from living on the riskiest waterfront properties altogether?

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