What you need to know:
MetService lifted the red heavy rain warning for Mid Canterbury on Monday night, but an orange rain warning remained in place for the far north of Canterbury and southern Marlborough.
The Ashburton Bridge on SH1 is closed.
Main routes closed on Tuesday morning: SH1 between Dunsandel and Burnham and from the north side of the Hinds River to the outskirts of Temuka, SH79 inland from Rangitata is impassable up to and including the Orari River bridge, SH77 from Winchmore to Darfield, SH73 from Springfield to Castle Hill remains out, SH75 between Barry's Bay and Birdlings Flat.
Timaru District Council Civil Defence on Monday told residents in the Coopers Creek catchment north of the Orari River to evacuate.
Residents near the Ashley and Eyre rivers, north of Christchurch, able to return to their homes.
Ashburton residents are isolated after the town's main bridge out was closed this morning because it is slumping.
The Ashburton District Council alerted locals just before 7am that the Ashburton Bridge has been compromised due to bad weather. The bridge is now closed.
"There is currently no alternate route south as all other road options are closed."
Located on State Highway 1, it is the main bridge across the Ashburton River, and an issue with piles has caused the bridge to start slumping.
Ashburton Mayor Neil Brown said that traffic driving over the bridge just before 7am reported the bridge "dropping away" or "buckling".
Engineers have been called to make an assessment. That could take several hours.
"We have police down there and it is closed, waiting for the engineer. It is a high risk situation, we can't let people cross that bridge."
The region is taking stock after a rare 'red-code' weather event. From Friday to Monday morning, a massive 545mm of rain was recorded at Mt Somers in the Canterbury high country, MetService forecaster Aiden Pyselman said.
The main centres - Christchurch (110mm), Ashburton (155mm), and Timaru (105mm) - were inundated over the same period.
There has been extensive flooding and damage to bridges, with four destroyed.
Engineering assessors were on their way to the Ashburton bridge today, a NZ Transport Agency spokeswoman said, and the work represented a "major new factor" to efforts to reopen State Highway 1.
There are currently no detour routes inland due to flood damage on local roads.
Civil Defence coordinator, Andrew Howe, said officials would keep their eye on at-risk rivers until they have settled.
Agriculture Minister Damien O'Connor said an adverse event would be declared for Canterbury later today, to unlock funding support for farmers. The Government has already made an initial contribution of $100,0000 towards flood relief.
O'Connor and Prime Minister Jacinda Ardern were expected to be in the area this morning to survey the damage.
Hundreds of Mid-Canterbury residents spent another night next to their packed bags, ready for large-scale evacuations at any second. However, the threat has now passed.
While the rain has eased, rivers are continuing to drain a three-day deluge, swathes of farmland is still submerged and roads remain closed across the region.
The extent of the damage to the district is estimated by the mayor to be in the "tens of millions of dollars".
Late last night, Ashburton remained cut off to the north and the south - with 19 roads either submerged or damaged beyond use - and about 20 stranded travellers were settling down in emergency accommodation at Hakatere Marae.
Waimate student Margaret Nichol was among them after getting caught out on her way back from Christchurch.
"I was every so desperate to get home. I was only two hours away, so I just kind of fell apart. I didn't know what to do - I've never been in this sort of situation."
She was hoping for a change in her luck this morning.
"I'm desperately hoping that the roads are open. I just want to go home and see my family and friends and I'm just wanting to sleep in my own bed," she said.
'Open arms for everyone'
For some, like the Hatfield family of seven from Gore, it was the second night in temporary accommodation.
Elaine Hatfield said she had been unable to find any spare rooms in motels around the town so she was grateful for what the marae was offering.
"The kai, heaps of it. And everything for my kids. They just didn't like sitting in the car any more, they started getting grumpy. Walking in here was great.
"They just had big open arms for everyone."
Authorities said a small number of homes in Hinds, south of Ashburton, were damaged.
As the water surges down from the high country, large swathes of farmland all over Canterbury remains submerged. Animals have died but the number of stock losses is not yet clear.
Ashburton residents were warned the risk was not over, and were told to spend last night with overnight bags packed in case of an abrupt evacuation order.
Robin Jessep's house is metres from the heaving Ashburton River, which he said was raging to levels he had rarely seen in about 70 years.
"It's not really the water - it's the force behind the water, because it sort of drags everything with it. It starts ripping out trees and then they start piling up against the bridges."
'Scary on bridges'
Four bridges around the district have been destroyed and at least 30 residents were evacuated yesterday with help from the Defence Force.
Three people had to be rescued - including two from the roof of a car.
Floodwaters have encroached into the Ashburton wastewater treatment plant, meaning some of it could be contaminated.
Methven stock truck driver Morris Fitzgerald was keen to stay home, after encountering "dangerous" scenes on the road yesterday morning.
"We were carting cows yesterday on the bridges on Thompson's Track and there were trees coming down... just whirlwinding down. It was scary as on those bridges," he said.
"I thought, the sooner we get this job done, the better."
Ashburton Volunteer fire brigade chief Alan Burgess said crews from around the district were on standby, as were the Defence Force and other emergency services.
He said they would be reassessing the situation this afternoon.
"We've had 24 [hours] and think we need to sit this out in our current environment for at least another 24 hours and just see what other water comes into town - whether its from the foothills or if we get any other rain patterns that are going to accentuate the problem."
He said the local volunteer firefighters were used to heavy rain events that cause surface flooding around urban Ashburton.
"But this time, this hasn't happened. The water's been dumped in the foothills and come down to us. So it's quite a different animal to what we're used to."
For now, residents are asked to keep off the roads, stay out of the floodwaters and look after their neighbours.