BCREA’s Position on Flood Protection
Flooding poses catastrophic risks to BC’s economic vitality, safety, environment, property owners and communities. BCREA’s flood protection work focuses on floodplain maps, a strong role for the provincial government and education for REALTORS® and their clients.
BCREA Recommends the Provincial Government:
- Take the lead, working with local and federal governments, to ensure floodplain maps are updated and remain current.
- Develop guidelines and specifications for the development of floodplain maps.
- Ensure senior government funding programs for flood mitigation cover technical studies, such as floodplain maps.
- In January 2015, Public Safety Canada issued a news release regarding the National Disaster Mitigation Program (NDMP) which was referenced in the 2014 federal budget (Economic Action Plan 2014). The NDMP will reduce flood-related costs for all levels of government and contribute to establishing conditions for the introduction of a residential flood insurance market in Canada. The program will see $200 million distributed over five years, for cost-sharing for projects focused primarily on flood mitigation, and will begin on April 1, 2015. From BCREA’s perspective, a highlight is that eligible projects could include “non-structural investments, such as flood-mapping and forecasting.”
- On May 2, 2014 the federal and provincial governments announced new funding for 26 flood mitigation projects in BC (floodplain mapping was not among the projects): Canada and British Columbia Deliver on Flood Mitigation.