Rising Sea Levels Threaten to Displace 3.9 Million Canadians by 2100

TORONTO, Nov. 27, 2024 /CNW/ - Coastal flooding has become an increasingly pressing issue in Canada, with rising sea levels posing significant risks to communities along the coastline. According to the World Meteorological Organization (WMO), sea levels are rising at a rate that has more than doubled in the past 30 years - from an average of 2.13 millimeters per year between 1993 and 2002 to around 4.77 millimeters between 2014 and 2023. This acceleration is attributed to climate change-induced thermal expansion of oceans and the melting of glaciers and ice sheets.

To shed light on the potential impact of rising sea levels, MyChoice, a leading insurtech company in Canada, conducted a comprehensive study estimating the number of dwellings and population situated in areas that are most vulnerable to coastal flooding.

Using the sea level rise and population data from the National Collaborating Centre for Environmental Health and Statistics Canada's data on coastal dwellings below the one-meter elevation level, the team was able to determine which provinces/communities will be most vulnerable to the rising sea levels.

Below are the key findings from the study:

• An estimated 3.9 million Canadians live in areas projected to be affected by coastal flooding over the next century due to rising sea levels.
• At least 11,814 dwellings across the country located at an elevation of 1 metre above sea level are expected to be flooded by 2100. This number could be significantly higher, as some provinces are anticipated to experience sea-level rises well beyond 1 metre, potentially impacting more dwellings and communities.
• British Columbia is projected to be the most affected province, with an average sea-level rise (SLR) of 127.4 cm by 2100. Approximately 3.18 millionpeople reside in communities vulnerable to coastal flooding, and at least 3,190 dwellings situated at 1 metre elevation within 10 km of the coastline are at risk.
• Nova Scotia faces an even higher average SLR of 159.3 cm, with around 508,114 residents living in at-risk areas. The province has 2,231 dwellings at 1 metre elevation within 10 km of the coastline that are susceptible to flooding.
• In Quebec, despite a smaller coastal population of 12,190 in at-risk communities, the significant average SLR of 156 cm threatens at least 1,968 dwellings.

Visit MyChoice study to view the full list of communities at risk: https://www.mychoice.ca/blog/high-risk-areas-coastal-floods-canada/ 

Matt Roberts, COO of MyChoice, commented on the findings: "Our study underscores the urgent need for Canadians, especially those in coastal areas, to be aware of the risks posed by rising sea levels. Beyond the environmental and safety concerns, there are significant financial implications. Homeowners need to understand their insurance coverage and take proactive steps to protect their properties from potential water damage. We advise homeowners to review their insurance policies to ensure adequate flood coverage and to implement preventative measures like installing sump pumps and backwater valves to protect their properties."

In response to this growing threat, the Canadian government has activated a new coastal flooding prediction and alert system to warn of storm surges, large waves, and high tides across the Pacific, Atlantic, and Arctic coasts. Previously, such alerts were only issued on the Atlantic coast. This expanded system employs advanced modeling techniques and a coastal flood risk index to evaluate the likelihood and expected impact of flooding events. Meteorologists can now assign risk ratings ranging from low to extreme and issue forecasts through Coastal Flooding Risk Outlook maps available to the public and emergency management partners.

The threat of rising sea levels and increased coastal flooding is a complex challenge that requires action from both governments and individuals. With significant portions of Canada's population and infrastructure at risk, it's imperative to utilize tools like the new coastal flooding alert system and to take preventative measures to protect homes and communities.

About MyChoice

MyChoice is a Toronto-based Insurtech company that equips brokers and insurance companies with tools they need to excel in operations and client acquisition. Their rate comparison site MyChoice.ca, gives Canadians access to competitive auto, home, and life insurance rates. MyChoice blends their industry knowledge with cutting-edge technologies to build solutions that significantly enhance brokerage and insurance company processes and workflows.

SOURCE My Choice Financial, Inc.