The Nottawasaga Valley Conservation Authority has downgraded its flood warning to a high water safety bulletin.
The NVCA reports 15 millimetres of rain followed by snow means very little runoff.
Waterways upstream of the Minesing Wetland are cresting, but downstream areas will see water levels continue to rise over the next few days.
The higher flows create a risk for ice jam flooding.
The NVCA says this high water safety bulletin will stay in effect until Wednesday.