Flash flooding in Toronto and southern Ontario in July caused more than $940 million in insured losses

Preliminary estimates put total insured losses from flooding in Toronto and other parts of southern Ontario in July at more than $940 million.

In July, heavy rains hit Toronto and the surrounding area, flooding major highways and Union Station, a key transportation hub.

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The Catastrophe Index & Quantitative estimates cover July 15 and 16.

Last month’s estimate of damage came after more flooding in Toronto and Montreal over the weekend.

A tornado also struck Ayr, Ontario, on Saturday morning.

The Insurance Bureau of Canada estimates that severe weather caused more than $3.1 billion in insured losses in Canada in 2023.