The planned infrastructure measures will cost up to $3 billion and the city’s Todd Wyman told the Edmonton Journal: “Instead of giving residents half a solution, I want to give them a whole solution. Because it’s more than just an individual homeowner can take on.”
It is hoped that when the fixes are in place homeowners will notice a reduction in their household insurance premiums.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Preeceville, Mitchell, Rama, Lac-Blanc, Ponoka County
The City of Edmonton has decided not to make flood maps publicly available. Although there are around 100 maps detailing those neighbourhoods that are most at risk from flooding, the city does not want to “cause panic” by releasing data before it has a plan to sort out flood-risk areas.