Monthly home insurance costs vary across the country, and many areas in Alberta are seeing rates increase due to the rising risk of wildfires.
A new report from Wahi , a leading digital real estate platform, and MyChoice, an insurance-rate aggregator, revealed how wildfires are affecting Canadian housing affordability.
With wildfires continuing to increase in frequency and intensity across the country, the latest report from Wahi and MyChoice analyzes real estate and insurance data across the more than 20 local Canadian housing markets where these incidents are anticipated to be most severe.
Seven Alberta cities made the list, with one city clocking in at more than three times the national average for annual home insurance premiums.
Medicine Hat landed on the list with the highest a