As climate-related severe weather events become more frequent, a troubling gap has emerged between homeowner awareness and actual property preparation. According to new research from Desjardins Insurance, while 70% of insured Canadians recognize the risk of weather-related damage, only one-third have taken proactive steps to secure their homes. For GTA homeowners, this isn’t just an environmental concern—it’s a financial one. With insured losses hitting record highs and insurance premiums in high-risk areas like Ajax jumping by as much as 26%, climate resilience is becoming a critical component of housing affordability. Many homeowners are missing out on available government retrofit subsidies simply due to a lack of awareness. As property insurance costs continue to climb, integrating climate risk into your long-term financial planning is no longer optional. To learn more about how to protect your asset and access available incentives, read the full report at https://www.mpamag.com/ca/mortgage-industry/industry-trends/how-aware-are-canadians-about-the-impact-of-climate-risks-on-their-home/574633.
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