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Daniel Henstra, a senior fellow at the centre for international governance innovation at the University of Waterloo, says the flooding in both provinces demonstrates that Canadian homebuyers currently don't have access to "an effective system to make people aware of their property's flood risk."

The political scientist argues in a recent study that in addition to accurate, precise risk maps, there's a need in Canada for "clarity on who should be responsible for disclosing flood risk and when." For example, in California, property sellers are required to tell potential buyers if the property is located in the 100-year flood zones.

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