Provinces asking feds for $138 million to help move, buy out flooded properties
OTTAWA — Flood-ravaged provinces are asking the federal government to provide almost $138 million to move or buy out affected homeowners, according to new data that gives a glimpse into the national costs of helping residents leave floodplains.
Only four times in the past decade have provinces turned to the federal treasury for help to move homes — twice in New Brunswick, and once each in Quebec and Yukon.
In New Brunswick’s case, the federal government picked up more than 80 per cent of the $1.8 million spent to buy out a combined 36 properties after flooding in 2008 and 2010.