2023 has begun like all past New Year’s, with fireworks lighting up the skies worldwide. Great expectations for life improvements are everywhere. And like every other year, the excitement will dissipate as quickly as the fireworks display fades from sight.
We wouldn’t even know it was a new year if we didn’t have a calendar along with the bombardment of reminders. Governments and Car Dealers all want us to know a new year is here, and we need to get caught up.
Real Estate Boards across Canada are rolling out the stats for 2022 to add to all the previous year’s stats. How did 2022 measure up? Were prices higher or lower? Was it a buyer’s, seller’s, or balanced market? Did mortgage rates go up or down? Did the government change the mortgage rules for CMHC-insured mortgages? Who cares? The answers to these noisy questions do not matter in 2023. Nothing that happened in the past Calgary Real Estate Market matters in 2023.
What matters in 2023 in your local housing market is not in your control anyways. The ancient Stoics liked to tell everyone that only the things they actually do control are the only things worth worrying about.
Socrates would have only worried about the exact location of his home because he could control it. Next, because the condition of his home would also be in his control, he would give some worry time to that. The rest of the noise, like mortgage interest rates, local politics, national politics, recessions, oil prices, weather, and wars would get no attention because Socrates would have no control over these things.
The ancient Stoics knew a thing or two about what they called the good life. Their definition of the good life was a life of worrying only about the things they could control, which was a shortlist.
If 2023 is your year to jump into the Real Estate Market, pick a great location first. What is a great location in real estate? It’s a location that will be in high demand by most people no matter what else is happening in the world. It’s in a great community. It’s on a large lot with a south-facing backyard. It’s away from main roads and noisy traffic. It has easy access to those same main roads and noisy traffic. The neighbouring homes look well cared for. The future shouldn’t change the view or traffic patterns. Homes in Great Locations do not change hands often, sometimes only once in your lifetime. Great locations win the popularity contest every time.
If you are ready to buy a home in a great location this year, we can help you. We can help you filter out the majority of homes coming on the market this year that will score less than 8 out of 10 on the location meter. We will help you find a 10.
Worry about one thing if this is your year to step into the Calgary Housing Market. Location will never lose its importance and is worth worrying about!