Home Real Estate Climate risk scores could reshape Canadian real estate markets, some experts say

Climate risk scores could reshape Canadian real estate markets, some experts say

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If the house you’re about to buy is going to be under water in 30 years, should that be disclosed during the sale?

Chris Chopik says “yes.” The Toronto real estate agent has been calling for years for a climate risk assessment to be added to real estate listings in Canada the same way that data is readily available on the ease of walking from any address. He said these conversations need to become commonplace and factored into a property’s value.

“For sure, I would say consumers should consider where they’re buying, and what they’re buying, in the context of climate risk,” he told CBC News.

“So if I’m buying seaside, I’d rather buy high. Let me get a seaside cliff, not a seaside beach.”

Chris Chopik is a real estate agent in Toronto who for years has called for climate risk scores to be added to property listings. (Submitted by Chris Chopik)

This type of information has become more accessible in the United States in recent years, and it’ll likely…

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