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How Climate Change is Reshaping Real Estate

  • Writer: Carl Gilmore
    Carl Gilmore
  • Mar 21
  • 2 min read

Climate change isn’t just an environmental issue—it’s a real estate issue. From rising sea levels to extreme weather, the housing market is being reshaped in ways that are impossible to ignore. Whether you’re a property owner, tenant, or investor, here’s what you need to know about how climate change is changing the game.

Rising Sea Levels: Coastal Properties at Risk

Coastal properties have always been prime real estate, but rising sea levels are changing that. Flooding risks are driving up insurance costs and lowering property values in vulnerable areas. For landlords, this means rethinking investments—and for tenants, it means weighing the risks of renting near the water.

Extreme Weather: The New Normal

Hurricanes, wildfires, and heatwaves are becoming more frequent and severe. Properties in high-risk areas need to be storm-proofed, which can mean higher costs for landlords and renters. The question is: how much are we willing to pay for safety?

Eco-Friendly Homes: The Demand is Rising

Tenants and buyers alike are looking for energy-efficient, sustainable housing. Solar panels, smart thermostats, and eco-friendly building materials aren’t just trendy—they’re becoming necessities. For landlords, investing in green upgrades can boost property value and attract eco-conscious renters.

What It Means for New Brunswick

Here in New Brunswick, we’re not immune to the effects of climate change. Coastal communities are feeling the pressure, and the demand for sustainable housing is growing. For landlords and investors, the time to adapt is now.

The Bottom Line

Climate change is reshaping where and how we live. For landlords, tenants, and investors, the key is to stay ahead of the curve and adapt to the challenges—and opportunities—of a changing world.

What’s your take? Should landlords be required to make their properties more eco-friendly? Let’s talk about it in the comments!

 
 
 

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