I recall sending an email around questioning whether we should be caustious about acting for landowners buying property in Ladner BC, near the Vancouver airport. No one showed any interest. I wish I still had access to that list! The UCS study focuses on US coastal properties. I suspect there will be little difference between the lower mainland surrounding Vancouver and Seattle.
One of the key points made by the report is summarised as follows:
“More than 300,000 of today’s coastal homes, with a collective market value of about $117.5 billion today, are at risk of chronic inundation in 2045—a timeframe that falls within the lifespan of a 30-year mortgage issued today. Approximately 14,000 coastal commercial properties, currently assessed at a value of roughly $18.5 billion, are also at risk during that timeframe.”
Most Canadian mortgages ammortize over a 25 year period. The concerns for many Canadian coastal communities will be/are the same.