From fires to floods and hurricanes to heat waves, new policies are forcing property owners, buyers, lenders, and insurers to consider climate risks.
Increasingly, climate risk considerations play a crucial role in commercial real estate transactions. As new policies emerge, owners, developers, lenders, and other stakeholders are being asked to evaluate and disclose physical climate risks for specific properties. This article provides an overview of climate risk assessment trends in Canada and implications for CRE transactions, market prices, and property management.
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