A new measure of climate risk, similar to a walk score, that offers more transparency about these short and long-term risks is headed to Canada by the end of the year, starting with a handful of brokerages next month. The U.S. online real estate climate risk calculator ClimateCheck has partnered with the Montreal-based platform Local Logic, to deliver these climate risk insights, and the brokerages will be adding the data to their listings for open access to the public, said ​​Cal Inman, founder and CEO of ClimateCheck in a recent interview. “What we’re trying to do is communicate climate risk in an easy to understand way to all real estate stakeholders,” said Inman. Of course, in Toronto’s still tight housing market, a distant seeming threat like climate risk may not be enough to deter a potential sale. “Absolutely” a climate score would have been helpful when he bought the place earlier that year, he said.

Source: The Star October 07, 2022 22:47 UTC