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Many Canadians are just one bad storm away from an unmitigated watery disaster. Floods are the most expensive and most frequent type of natural hazard in Canada. An?analysis of insurance solutions for flood risk?found that current residential flood risk in Canada is estimated at $2.9 billion per year.

Meanwhile,?more homes in floodplain areas are becoming uninsurable?due to increasing risk. Québec and Ontario have the greatest number of homes?at high risk of flood damage in Canada?and this number?will continue to grow.

There is a?widening gap in Ontario?between spending on infrastructure by all levels of government, and the scale of investments required to bring public assets like roads and buildings up to a state of good repair. Amid budget crunches and pressure to keep taxes low, solutions for adapting infrastructure to climate change?are still chronically underfunded.

Interesting article by 加拿大西安大略大学 and Brandan Samuels.

Source - https://www.canadianmanufacturing.com/features/ontario-floods-how-nature-based-solutions-can-promote-effective-flood-management/

https://www.canadianmanufacturing.com/features/ontario-floods-how-nature-based-solutions-can-promote-effective-flood-management/

The article talks about infrastructure gap and the author is not wrong. https://canada.constructconnect.com/joc/news/infrastructure/2024/07/canadas-infrastructure-deficit-where-it-comes-from-how-to-fix-it
Article is also missing how local government like City of Toronto need to re-set their budget priorities -https://www.nationalobserver.com/2024/02/28/news/how-these-two-cities-are-making-wheels-turn-cyclists
Cities need to address their water management investments. City of Toronto was provided recommendations in 2013 on how to mitigate issues with flooding 2013 - https://www.cbc.ca/news/canada/toronto/toronto-flood-adaptation-1.7265581. Toronto was recently hit and the response was more about blaming climate change and need for a rain tax - https://tnc.news/2024/07/20/lawton-lilley-chow-toronto-floods-climate-change/
Learning lessons from other natural events - https://theconversation.com/houstons-flood-problems-offer-lessons-for-cities-trying-to-adapt-to-a-changing-climate-229351 City of Houston
FEMA - https://www.smartcitiesdive.com/news/fema-flood-rule-federal-infrastructure-projects/721352/
I have author many articles on how local, state, territorial, county, city, and federal government need to revamp their crisis, risk, and emergency management reporting - https://www.dhirubhai.net/pulse/why-important-have-crisis-risk-emergency-planning-reporting-young-uvjlc/
Urban planning needs to embraced more sustainable housing practices - Lessons learned from Australia housing Accelerator fund – Canada and the USA - https://medium.com/@paulyoung_81567/lessons-learned-from-australia-on-housing-f39475d61d1c
Hurricanes, earthquakes, wildfire/forest fires, and other events will continue to happen. Key investments in mitigation is key mitigating the impact of climate change - Blog – What FEMA disaster resilience Zones and What is next for Emergency, Risk, and Crisis Management - https://www.dhirubhai.net/pulse/what-could-femas-new-disaster-resilience-zones-mean-paul-young-tlrfc/
Leveraging geospatial data as part of the overall crisis, risk, and emergency management - https://www.dhirubhai.net/pulse/utilizing-geospatial-data-better-decision-making-practical-bhoda-jns0c/
Role of insurance - Blog – Insurance Policies and Costs – Alberta - https://www.dhirubhai.net/posts/paul-young-055632b_varcoe-somethings-wrong-with-this-market-activity-7217506918406213633-mn7q?utm_source=share&utm_medium=member_desktop

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Paul is a former IBM Customer Success Manager that has deployed over 300 data and AI solutions across industry and geographies for the past 8 years. Paul is a Financial Planning, Analysis, and Reporting SME working with data including integration of macro and micro indicators as part of the integrated business planning and reporting cycle.

[email protected]

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Seeking employment - https://www.dhirubhai.net/posts/paul-young-055632b_hi-all-linked-in-followers-and-contacts-activity-7199365291288506369-qGVf?utm_source=share&utm_medium=member_desktop

?Courses?—? https://www.dhirubhai.net/posts/paul-young-055632b_activity-7163302861974519809-ryf3?utm_source=share&utm_medium=member_desktop

Stock Market Report WE July 5 2024 - https://www.dhirubhai.net/pulse/stock-market-we-july-5-2024-paul-young-kdtmc/

Blog – Stock Market – United States and Canada – July 19 2024 - https://www.dhirubhai.net/pulse/stock-market-united-states-canada-paul-young-tptcc/

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?Stock Market – Australia – WE July 12 2024 - https://www.dhirubhai.net/pulse/stock-market-australia-we-july-12-2024-paul-young-0l8bc/

Blog – Stock Market – Australia – July 19 2024 - https://www.dhirubhai.net/pulse/stock-market-australia-july-19-2024-paul-young-9zubc/

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Blog – Manufacturing – Analysis and Commentary – Canada – March 2024 and April 2024 - https://www.dhirubhai.net/pulse/manufacturing-analysis-commentary-canada-march-2024-paul-young-oab2e/

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