Madam Speaker, I want to thank the member for his very strong advocacy on flood protection.
We know of the devastating impacts that climate change is having on Canadians. Insurance companies are paying out billions of dollars, and those costs are being passed on to Canadians, making it even more expensive to own homes. With budget 2024, we are increasing our investments on a a national, low-cost, flood insurance program. Over the next year, we will work with the provinces and territories to put this program in place.
We will be there for Canadians when climate change impacts their lives.