Summer 2026 cost Canadian insurers more than C$3.7 billion ($2.6 billion), the third-costliest summer on record behind 2024 and 2013. Prairie storms accounted for C$1.8 billion, British Columbia wildfires about C$550 million, Montreal's June rain C$442 million and Niagara flooding C$360 million. Four of the five costliest summers have come in the last six years.

Source: Insurance Bureau of Canada, citing CatIQ, via Insurance Business Canada (2026-10-22). Converted at the 22 October rate.