Several families living in Abbotsford's Sumas Prairie have been denied bank loans they were counting on to help rebuild their damaged homes following November's devastating floods. "I just lost faith in everything," says Marcel Ackermann, whose home in the Sumas Prairie was severely damaged by the flooding. (Submitted by Marcel Ackermann)'Doesn't add up'Two other families in the Sumas Prairie who spoke with CBC News were given similar responses to their loan applications. The Ackermanns had to leave almost everything behind when they fled their home in the Sumas Prairie as flood waters rushed in. In the case of homes in the Sumas Prairie, she suspects banks are putting on the brakes while doing their due diligence before lending out any more money.

Source: CBC News January 19, 2022 01:00 UTC