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New Canadian homes could be too risky to insure as weather changes, experts say

Canada needs to create 3.5 million more affordable housing units, but the government could create a new crisis altogether if it isn’t strategic in how it chooses to address the issue, experts say.

Most of the discussion about the housing crisis focuses on building green homes, said Craig Stewart, vice-president of climate change and federal issues at the Insurance Board of Canada, but there’s not enough emphasis on building “resilient” homes. And that could create problems with insurance down the road.

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“The way that we build those homes and where we build those homes needs to be carefully contemplated, so the new owners of those homes don’t face challenges in the next decade,” he said. “We need to be careful to avoid…

Read more at financialpost.com

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