Rising sea levels are a growing threat to coastal real estate, according to a report in the Toronto Star.
Nationwide, as many as 28,000 homes could be underwater by 2050 – either temporarily, due to storm surges, or permanently, thanks to sea-level rise, the Star reported. And a recent report from Climate Central predicted that 737,000 Canadians would be affected by sea-level rise if average global temperatures rise by 2 degrees.
It’s not just the Maritimes that are at risk, the Star reported. Vancouver’s climate adaption strategy has estimated that $25 billion worth of real estate is threatened by sea-level rise this century – and that’s not even counting city infrastructure. Making improvements to dikes along the British Columbia coast could run up