RESEARCH

We emphasize and encourage links between academic researchers and practitioners at financial institutions to bring theoretical techniques to bear on realworld issues.

Sustainable Finance and Climate Risk

Impact of Catastrophic Floods on Residential Housing Value, Mortgage Arrears and Mortgage Defaults: A Pan-Canadian Perspective

The benefit of this research will be to elevate understanding by mortgage providers regarding their exposure to residential flood risk, and provide direction to lenders regarding means to mitigate residential flood risk. This study will compare housing price, mortgage arrears, and mortgage defaults in five “flood impacted” Canadian communities, for periods spanning six months pre vs. post catastrophic flood events (i.e., events triggering > $25 million in insurable claims), over the period 2013 – 2019. The research will provide direction to lenders that they can subsequently present to homeowners regarding easily executable actions they can take, at the property level, to lower flood risk exposure.

INSTITUTION

Intact Centre on Climate Adaptation, University of Waterloo

PROJECT LEAD:

Blair Feltmate, Kathryn Bakos, Daniel Filippi, Taylor Legere

 


PUBLICATIONS


LEAD RESEARCHER

Blair Feltmate

Blair is the Head of the Intact Centre on Climate Adaptation, University of Waterloo. Previous positions he has held include Vice President, Sustainable Development, Bank of Montreal/Jones Heward Investment Council; Director, Sustainable Development, Ontario Power Generation; Partner, Sustainable Investment Group/YMG Capital Management.  Blair has written textbooks on Sustainable Banking (2016: University of Toronto Press), and Aquatic Ecology (1992: CAB International).

He is on the federal committee to develop Canada’s first National Adaptation Strategy.  He is a member of Climate Proof Canada (Insurance Bureau of Canada), and he is on the Sustainable Finance Advisory Council, Global Risk Institute.  He is Chair, Adaptation Council, Canadian Institute for Climate Choices (Environment and Climate Change Canada). He is on the Board, Climate Change Adaptation, Minister of Environment (Ontario). He was Chair, Federal Government of Canada Expert Panel on Climate Adaptation.