Kim’s Blog

The funding gap is $150 billion for basic infrastructure in Canada – roads, drinking water, stormwater management, wastewater facilities, swimming pools, playing fields, firehalls and other civic structures owned by local governments. The Federation of Canadian Municipalities (FCM), who made this estimate in 2019, advised water and wastewater facilities alone require over $50 billion for replacement… Read More »Blog

Development cost charges (DCCs) enable a local government to partially recover costs of installing new or expanded infrastructure to service land development. This infrastructure includes potable water, storm drainage, sanitary sewers, roads and parks. DCCs for each infrastructure type are determined by dividing the expected infrastructure costs (required to service new development over the development… Read More »Blog

“Because of the greater risk surrounding coastal flooding, offering standalone coastal flood insurance could be fatal for an insurer. Further, simply folding coastal into a larger flood insurance/comprehensive water policy would likely require greatly imbalanced cross-subsidization between, say, a homeowner paying a flood premium in a downtown urban address that is away from a river… Read More »Blog