Flood-ravaged provinces are asking the federal government to provide almost $138 million to move or buy out homeowners affected by previous years' inundations, according to new data that gives a glimpse into the national costs of helping residents leave floodplains.
Calculations based on previous experience suggest that the total cost of giving up on 100,000 of the most endangered structures could run into the billions.
Public Safety Canada says provinces and territories have asked for $137.9 million in federal money to help cover costs related to 10 floods, but the dollar figure is only an estimate and doesn't include this year's. Federal help for disaster relief kicks in once costs surpass what lower levels of government could reasonably be expected to cover on their own.
A program could provide money up to a pre-set maximum, which is what Quebec's government is offering this year -- up to $200,000 to anyone with severe damage to their homes. Or it could pay the full estimated value of a home before it was flooded, as Alberta did after flooding there in 2013.
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