Climate change affecting how Canadians plan to buy homes: report

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As Canada is braces for another record wildfire season, the climate crisis is bleeding into another major challenge facing Canadians — housing.

A new BMO report released Monday found climate-related factors such as wildfires, floods, heatwaves, and storms will affect where 39 per cent of Canadians choose to live in the next five years. The percentage is higher among younger Canadians.

It jumps to 49 per cent for millennials (those born between 1981 to 1996) and 54 per cent for gen Z Canadians (those born between 1997 to 2012), the report said.

Alex Cool-Fergus, national policy manager at Climate Action Network Canada, said the data is not surprising considering that recent events have brought the climate crisis home for many Canadians.

Global’s Uday Rana has the details.

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32 COMMENTS

  1. Despite the looming threat of 'climate change' and the associated 'rise in sea levels', it appears that wealthy individuals remain undeterred from purchasing oceanfront properties.

  2. Humanity could control the weather sooner by first ensuring safe housing. We should create a simulator/video game for kids and adults to create solutions to these problems, and so we can respond to these extreme events like a unified organism.

  3. Trudeau affected how they will never own a home. They voted for it, so all is good. Now they can say we dont own anything because we were are worried about climate change.

  4. China ?? accounted for 2/3 of new global coal plant capacity in 2023.
    – China built 70 GW of new coal-power capacity last year, almost 20 times the rest of the world's 3.7 GW combined.

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