Were you one of the poor souls whose basement flooded during the great flood of last summer? I know a number of our clients were affected by that devastating rainstorm.
From what we have seen in the news about the upcoming storm season, we may be in for a wet one this year as well. To that point we wanted to share with you a program from the City of Toronto that has come across our desk.
We actually first heard about it at a real estate conference a few weeks ago in Toronto. It was brought up by the Roto-Rooter guys, so thank you to them. The City is offering owners of single-family, duplex and triplex residential homes a financial subsidy of up to $3,400 per property to install flood protection devices including a backwater valve, a sump pump, and pipe severance and capping of the home’s storm sewer or external weeping tile connection.
What we think is most important for our clients is the rebate for back-flow protection valves for residential sewage lines. The city will reimburse 80% of installation costs up to $1,250.00. These valves would be invaluable to properties that sustained back flow problems from city sewers during last year’s summer storms.
There is a bit of a process that you have to go through in order to get the reimbursement but it all seems fairly straight forward. You can find the application and all of the details here: http://bit.ly/1c5zcXh.
I used to have a basement that flooded and ever since I installed a back slow valve it has been dry – even during that devastating storm. I cannot tell you what incredible piece of mind that valve has provided me. I highly encourage you to take advantage of this program.
