Flooding in Canada experienced in the last decade cut an average of 8.2 per cent off the sale price of homes in several markets, says a new study. The Intact Centre on Climate Adaptation at the University of Waterloo studied several floods that occurred between 2009 and 2020 in Grand Forks in British Columbia; Burlington, Toronto and Ottawa in Ontario; and Gatineau in Quebec. Data suggests that houses selling last December for an average price of $713,500 would instead go for $654,993, once hit by a flood, reflecting a loss of $58,507, says the study that was partially funded in part by Canada Mortgage and Housing Corp.