A Quebec lender opted out of mortgages in flood zones. Experts warn it could happen elsewhere

Desjardins Group recently announced it will no longer offer new mortgages in high-risk flood zones in Quebec. If other mortgage providers follow Desjardins' lead, experts warn there could be major consequences for individual home owners and the housing market.

A Quebec lender opted out of mortgages in flood zones. Experts warn it could happen elsewhere
woman outside

Desjardins Group recently announced it will no longer offer new mortgages in high-risk flood zones in Quebec. If other mortgage providers follow Desjardins' lead, experts warn there could be major consequences for individual home owners and the housing market.