Understand how climate risk affects
your home
The Fox Team is passionate about understanding how climate risk and change affects property owners, and passing on this important knowledge to our clients. In Toronto and the GTA, one of the biggest climate risk factors is flooding, followed by extreme wind and rain events.
To help bring these issues to the forefront, Alexandra founded a sub-committee at the Toronto Real Estate Board that’s exclusively focused on climate risk and how it affects the real estate market. Through this committee she’s working to educate both real estate professionals and homeowners on how climate risk impacts their home and their investment.
Is your home at risk?
Most buyers and sellers aren’t aware whether their Toronto property is in a floodplain. More so, most don’t even realize that floodplains and the risk of flooding is something they should be concerned about. In Toronto specifically, many homes are located in floodplains and are at risk of losing insurability and potentially even value, should a flooding event occur. Find out if your home resides in a floodplain to understand how susceptible your home is to flooding.
Map Your Flood Plain
Protect your home from climate risk
If your Toronto home is in an area with a higher flood risk, it’s important to understand that risk and what you can do about it before it’s too late. Even if your home is in a Toronto floodplain, there are steps you can take to better prepare your home in case of flooding. We can connect you to the right resources to help keep your home safe and properly insured. We believe it’s our responsibility to help you investigate ways that you can mitigate your risk and understand why preparing for potential climate risks is crucial.
If you are considering installing flood protection devices in your home, the City of Toronto also offers owners of single-family, duplex, and triplex residential homes a subsidy of up to $3,400 per property to help with these home improvements. For more information, visit the City of Toronto’s Basement Flooding Protection Subsidy Program page.
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