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Montreal homeowners respond as Desjardins eliminates new mortgages in flood zones - Montreal - Vimarsana News

Montreal homeowners respond as Desjardins eliminates new mortgages in flood zones - Montreal

Desjardins has decided to stop offering mortgages to people living in 0-20 year flood zones, and residents are concerned for the values of their homes.

Desjardins no longer offering mortgages for houses in some flood zones - Vimarsana News

Desjardins no longer offering mortgages for houses in some flood zones

Desjardins Group announced that it will no longer offer mortgages for houses in certain flood zones, which includes homes with a five per cent of being flooded each year.