Comment by 1attice

Not unexpectedly, follow real estate prices.

The average value of homes in safe parts of Canada has risen significantly. E.g. Vancouver is devastatingly expensive, while nearby Abbotsford and Richmond are floodplains and reclaimed marsh, respectively, and are cheap. Sometimes uninsurable, but cheap.

The market will price us all out of the safest places and indeed arguably already has. Expect housing values to continue to diverge. A dry hovel is superior to the mightiest of flooded manses, but a home in a dry, safe metropolis, with enough water for all?

Literally invaluable. It will be priced accordingly.