Quebec's Desjardins stops issuing new mortgages in flood zones due to climate change impact.

Quebec lender Desjardins stops issuing new mortgages in flood zones due to rising climate change impact, raising concerns for cities adapting to changing climate. Some exceptions include financing up to 65% of home's selling price if previous owner had a Desjardins mortgage and the property has protective measures against flooding. This decision has left mayors of low-lying towns worried about homes being left unsold or devalued.