Climate Change and Mortgage Risk
Climate Change and Perceived Mortgage Risk
Thousands upon thousands of households across British Columbia and Canada have their eye upon the BC Southern Interior as a place to call home. Who doesn’t want to live here? It’s a four-season paradise. But there’s an elephant in the room that must be addressed. It’s called climate change, and the impact it may have on where people choose to buy a home. With a lot of media exposure placed on summertime forest fires in the Okanagan, some people are wondering if this neck of the interior is a place to establish roots. As the Penticton community’s go-to mortgage broker, we want you all to have a look at the big picture. Let’s review.