Climate Change Risks and Property Ownership

Disclosure: Climate Change Risks and Property Ownership

When purchasing a property, it’s essential to consider all factors that may impact your investment, including potential risks related to climate change. This document is intended to help you understand how climate-related factors, such as wildfires and flooding, could affect your property now and in the future.

Understanding the Risks

Insurance Challenges:
Properties in areas prone to wildfires, flooding, or other extreme weather events may face higher insurance premiums or, in some cases, difficulty obtaining insurance coverage altogether. Without proper insurance, your financial protection is at risk.
Property Value and Resale Concerns:
As climate risks increase, properties in affected areas may become more challenging to sell. Future buyers may be deterred by rising insurance costs or the inability to secure coverage.
Personal Safety and Maintenance Cost:
Living in areas impacted by climate events could mean additional stress, expenses for damage repairs, or costs for preventive measures to protect your property.

Climate Statistics for Ottawa

Understanding local climate trends can help you make informed decisions:

Temperature: Ottawa is experiencing warmer temperatures across all seasons, with an increase in extreme heat events.
Precipitation: The city anticipates increased rainfall, leading to a higher risk of flooding.
Seasonal Shifts: Changes in the timing of seasons are expected, potentially impacting infrastructure and daily life.
Extreme Events: Conditions favourable for extreme events, such as freezing rain and tornadoes, are projected to become more common.

What This Means for You

Before proceeding with your purchase, we encourage you to:
Research the area thoroughly: Understand the history of climate-related events and any local mitigation plans in place.
Consult with your insurance provider: Confirm that the property can be insured and ask for an estimate of premiums.
Plan for the future: Consider how these risks may affect your ability to maintain or sell the property down the road.
This disclosure is not meant to discourage you from purchasing but rather to ensure you have all the information needed to make a well-informed decision. As your mortgage broker, I’m here to guide you through this process and help you assess the potential risks and benefits.
By signing below, you acknowledge that you have been informed of the possible risks associated with purchasing a property in an area affected by climate change.

Please reach out if you have any questions or need further clarification.

Chat with Jacquie

Phone: 250-575-8535

jacquie@jacquiebushell.ca

Online Booking Calendar

Don't Miss Your Mortgage Renewal

Fill out my web form and I will personally email you to remind you of your mortgage renewal.

Sign-Up

Mortgage News:

Understanding the 5 Types of Insurance Involved in Home-ownership

Here’s the truth: insurance exists to protect you during one of the worst moments of your life.

The Bank of Canada, Rate Cuts, and Adjustable Mortgages

The Bank of Canada has decreased its overnight lending rate by 25 basis points. This is the first decrease we’ve seen since March.

30 Year Amortization for First Time Homebuyers

For many Canadians, owning a home feels increasingly out of reach. One potential solution that’s gaining attention is the option for a 30-year mortgage amortization. But what does this mean for you?

Claude-Andre Bertrand

21:34 04 Feb 25

You need a mortgage? You need an unbiased expert advice? You've found the right person in Jacquie Bushell !!!

I recently had the pleasure of chatting with Jacquie Bushell for my mortgage needs, and I cannot express enough how impressed I am with her professionalism, knowledge and desire to help. She took the time to listen to my personal situation, my financial situation and my goals in order to tailor a perfect mortgage plan.

Throughout the process, Jacquie's professionalism and responsiveness stood out. She was thorough in explaining all the details, patiently answering my questions (and I had many!), ensuring I felt confident in every decision made. She made sure I understood my options and that I was fully aware of what to expect. Jacquie promptly answers your calls and emails.

I highly recommend Jacquie for anyone seeking a mortgage broker who will advocate for their clients and deliver outstanding results.

Thank you Jacquie!

Tyler Furness

21:03 04 Feb 25

Jacquie has always had my best interests in mind, and is always receptive to last minute calls or questions. She goes out of her way to ensure I am informed, and prepared for what to expect with mortgages. She provides regular updates, and is very professional. I would not hesitate to recommend her to anyone.

Ryan Kennedy

19:45 04 Feb 25

Jacquie is wonderful to work with, she's professional, friendly and efficient and never rushes the conversation.

All the positive things mentioned in all the reviews are absolutely true.

Catherine Semple

18:51 04 Feb 25

Jacquie put me right at ease when arranging my mortgage renewal. With these challenging times it was refreshing to speak with someone extremely knowledgeable and empathetic. The entire process was very quick and easy. I wish I had met her years ago! I would highly recommend her.

susan kent

00:20 04 Feb 25

Jacquie is the BEST person to work with you to solve your Mortgage needs. I have dealt with her for over 25 years, and everyone in my family has their mortgages booked through her, along with many friends. She is the only Mortgage Agent that I ever refer to anyone. Look no further! You have found the person that you need to help you and meet your needs.

GT Traps

04:09 12 Dec 24

Jacquie is a true professional. I have worked with her on multiple property mortgage renewals. Her knowledge, experience and dedication is top notch. She takes the time to explain all scenarios and answers all questions. White glove service at its finest. She loves what she does and truly cares about her clients. Plus, she is very friendly and has a great sense of humour. I wouldn't trust anyone else with these difficult decisions especially in this economy. Highly recommend.

Rosemary

00:46 11 Dec 24

We have had the absolute pleasure of working with Jacquie for many years, spanning two generations of our family. Her expertise, dedication, and genuine care have made every step of the mortgage process seamless and stress-free.

What truly sets Jacquie apart is her accessibility – she’s always just a phone call away, ready to answer questions, provide guidance, or offer reassurance whenever we need it.

Her personalized service and unwavering commitment to her clients have made her an invaluable part of our family’s journey. We couldn’t recommend Jacquie more highly to anyone looking for a reliable, knowledgeable, and compassionate mortgage broker. If you have a dream, she will help make it come true!

Blair Butler

16:27 29 Nov 24

Working with Jacquie was an absolute pleasure! From the very start, Jacquie was incredibly attentive and took the time to understand our needs. She worked tirelessly to find us the best rate available, and we couldn't be happier with the outcome. What really stood out was her professionalism combined with a genuinely friendly approach that made the entire process feel smooth and stress-free. Jacquie was always available to answer our questions and provided clear, timely updates every step of the way. Her expertise and dedication made a significant difference, and I highly recommend her to anyone in need of a knowledgeable and personable mortgage broker!

Chris Hobbs

19:26 26 Nov 24

We have been dealing with Jacquie for 14 years now. She is hands down the best. Even if she’s not actively searching for a mortgage for you she will give you the best advice possible on renewals, refinancing or money in general. She has saved me money at every turn and helped me make sound financial decisions almost my entire adult life. Thanks Jacquie!!!

Natasha Schreurs

01:54 19 Nov 24

Jacquie is wonderful and our family highly recommend her to aid in your mortgage success. She is organized, highly professional, well informed and educated. She is kind and compassionate and offers amazing service. We have had the pleasure of working with Jacquie on three home purchases and sells and the service was above and beyond. She is open and willing to work with you and give you all the best options. If we buy again, she will be the one we call!