Climate change is affecting how Canadians plan to buy homes, report says

Canada is facing a record wildfire season, impacting housing decisions due to climate-related factors. A report shows that a significant percentage of Canadians, especially younger generations, are considering climate risks when choosing where to live. The cost of extreme weather events on residences has increased, leading to higher insurance premiums. Homeowners are advised to take steps to protect their properties and understand their insurance coverage. Policy changes and investments in climate adaptation are crucial to mitigate future risks.