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.
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.
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.
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