The economic implications of wildfire in B.C. are wide reaching

By Doug Donaldson, Andrea Barnett and Oliver M. Brandes
Vancouver Sun
December 4, 2024
Category: Forestry
Region: Canada, Canada West

Doug Donaldson

Andrea Barnett

Oliver Brandes

POLIS Wildfire Resilience Project at the University of Victoria’s Centre for Global Studies — Premier David Eby has appointed a new cabinet, including Minister of Forests Ravi Parmar, who is coming to this role when major economic disruptions due to wildfires are impacting a stated focus of government: affordability. …these impacts will only increase unless smart investment in both community protection and wildfire prevention and mitigation starts immediately and is ongoing for at least a decade. The economic implications of wildfire are wide reaching. …Home and mortgage insurance rates have jumped 33 per cent across Canada since 2018 with wildfire listed as a contributing factor. The root cause is large insurance claims. …Tourism businesses, for example, are hugely affected when evacuations and widespread smoke disrupt or cancel travel plans. …This transformative change must be high on the affordability agenda of our incoming MLAs — and especially Minister Parmar — as we learn to live with wildfire in an increasingly combustible province.

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