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House Hansard - 303

44th Parl. 1st Sess.
April 19, 2024 10:00AM
  • Apr/19/24 11:46:29 a.m.
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Madam Speaker, climate change means more flooding events of increasing intensity and severity. Homeowners in areas prone to flooding, like those in parts of Pierrefonds, in my riding, who were hit by flooding in 2017 and in 2019, worry about the rising cost of flood insurance, and that is if they are lucky enough to remain eligible for flood insurance coverage. Can the Minister of Emergency Preparedness tell the House how this week's budget is coming to the aid of climate-vulnerable homeowners?
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  • Apr/19/24 11:47:01 a.m.
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Madam Speaker, I want to thank the member for his very strong advocacy on flood protection. We know of the devastating impacts that climate change is having on Canadians. Insurance companies are paying out billions of dollars, and those costs are being passed on to Canadians, making it even more expensive to own homes. With budget 2024, we are increasing our investments on a a national, low-cost, flood insurance program. Over the next year, we will work with the provinces and territories to put this program in place. We will be there for Canadians when climate change impacts their lives.
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