What if Climate Change was a Good Thing?

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As we view the news, we see many signs of excessive flooding, wildfires, and increased sea levels. We are also told that the earth’s temperature is rising. It’s getting warmer out there. Let’s forget for a moment the arguments as to why this is happening. For our discussion, it doesn’t matter if you believe that climate change comes from human stupidity or a natural process of the earth. If you think we are warming up, here is a possible real estate advantage.

Vancouver and surrounding areas in Canada have been coveted for their proximity to the ocean and warmer winter weather. The ocean, the nearby mountains, and the warmer weather have attracted a flock of vacationers and home buyers. This has also made the Vancouver region one of the most expensive to own real estate.

It’s about a 5-hour flight from Toronto to Vancouver.

On the other coast, things are changing in Nova Scotia. On the south shore, temperatures are gradually approaching those of Vancouver. There has been little difference except in January and February when the South Shore is currently a bit colder. The South Shore has the ocean and warmer climates and is only two hours by plane from Toronto.

Although real estate has risen, it has still not reached its firm potential. A three—or four-million-dollar oceanfront Vancouver home can be purchased in Nova Scotia for $750,000 or less. Land has also not reached its total value. You can buy 2.5-acre lots with incredible ocean views for less than $100,000.

It’s not a question of whether this will happen. It’s a question of when the millions of people in Toronto and the surrounding region will wake up one morning, look at the weather report and the flight times, and start buying the benefits of global warming. Nova Scotia, particularly the South Shore from Peggys Cove to Yarmouth, is the next Vancouver.

So, what am I doing?

I started purchasing land, lots, and real estate in Nova Scotia some years ago and am still doing so today.

I know that if I wait for proof of this mental shift among home and property buyers, it will be too late. Prices will skyrocket beyond my reach, and that would be unfortunate. Of course, I could be wrong about the timing. It could take 25 years for these warming changes to occur. That’s why 7th-generation investing, as discussed in previous podcasts and newsletters, is a fitting strategy. What are the implications of buying land or property in Nova Scotia for 7 Generations from now?

A better chance at creating meaningful wealth and surviving. That seems like a reasonable position on how to benefit from Climate Warming. What properties near you could warm up to make them attractive to buyers? The clock is ticking; do you have the courage?

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