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Desjardins Group announced it would no longer offer new mortgages for properties in "0-20 year" flood zones because of what it called the rising impact of climate change.
Desjardins Group will no longer offer new mortgages in Quebec for properties in flood zones citing climate change's rising impact. Read more
Breaking News, Sports, Manitoba, Canada
Nearly five years after floods raced through hundreds of Quebec communities and forced thousands from their homes, a major lender's decision to stop issuing new mortgages in flood zones is the latest challenge for cities trying to adapt to a changing climate.
MONTREAL - Nearly five years after floods raced through hundreds of Quebec communities and forced thousands from their homes, a major lender's decision to stop issuing new mortgages in flood zones is the latest challenge for cities trying to adapt to a changing climate.