Are Canmore Real Estate Prices still increasing? Let’s take a look at the first Quarter of 2024! There is a lot of uncertainty in the real estate market these days. Uncertainty is less than ideal for any market. On March 6th of this year, the Bank of Canada announced that their inflation target rate of 2% has not been met yet and they kept their rate at 5%. Now there is anticipation building up for a rate drop this June or July. There are a lot of factors speaking for this. The core inflation eased to 3.5%. Unemployment rates in the country increased and many businesses are freezing hiring. Ar ..read more

Living With Wildlife in Canmore    It happened a few years ago – we had just cut down our crab-apple tree as part of the “Removing Wildlife Attractants” program. It was a beautiful tree but in order not to attract bears into the neighbourhood we had to remove the fruit every year as it began to ripen and dispose of it in special bear proof food waste bins. It became too much to handle, so, unfortunately, the tree had to go. As a personal reconciliation I spent $300 on a nice maple tree and several shrubs which I planted in our backyard.   Our house is built on a slope ..read more

Canmore’s challenged Real Estate Market in the Third Quarter of 2022 What you need to know to navigate the market right now! A raging virus,  a war in Europe, rising inflation;  investors, politicians and decision makers worldwide are finding it more and more challenging to navigate our fast-changing worldwide economies. What is happening worldwide and nationwide also has a direct effect on every single person locally. We are all past, present or future homeowners and a real estate transaction can easily be the biggest transaction of our lives. More than ever, we need to know what’s ..read more

The secret is out on Canmore’s beauty, amazing lifestyle, and heavenly setting. Nestled in the mountains just one hour away from Calgary and right on the border of Banff National Park, this charming mountain town in Alberta has it all ..read more

Canadian Legislation Bans Foreigners From Buying Homes Update: Prohibition on the Purchase of Residential Property by Non-Canadians Act On June 23rd, 2022, the Parliament of Canada passed legislation called “The Prohibition on the Purchase of Residential Property by Non-Canadians Act”, which will come into force on January 1st, 2023.  The Government is now working to finalize certain details in regulations under the Act. These details include selected definitions, exceptions and enforcement elements. Additional revisions may still affect this new actm but stakeholders are advised to ..read more

The Underused Housing Tax is in effect in Canada in 2022. Learn more about what this means for you ..read more

Find out how this is influencing the real estate market in Canmore ..read more

2021 - The Whopper Year of Canmore Real Estate The title is giving it away…. 2021 was a record-breaking year in Real Estate in so many ways: > Highest Sales Number > Highest Absolute Prices > Highest Price Increases We have had positive numbers in every market segment and over every category except for one: >  Lowest number of listings ever! And that’s a real concern for the many buyers that have been trying to get a foot into the Canmore market but couldn’t. But let’s take a look at the sales numbers first and then look at listings at the end of this report when we cover ..read more

The unreal Recovery of the Canmore Real Estate Market in 2020 Welcome to 2020 – the year of Covid! When at the beginning of the year Covid started to appear on the horizon, nobody here in Canada or Europe was really taking it very serious. And I remember several discussions that I’ve had with friends and relatives about this topic. Having experienced SARS several years back when I was still living in China, I had quite a different opinion from most of my friends on how serious this could become for us. In May of this year, we had seen the first lockdowns and the Real Estate Market reflected w ..read more

Is the Canmore Real Estate Market starting to recover?  Comparing the sales data from 2019 with 2020 it sure looks like it! April 2020 shows a huge difference between 2019 and 2020 but May looks more promising. Interestingly prices have not come down except perhaps for a handful of hotel condo properties which sold quickly. Overall prices have remained rather stable. The amount of listings has not overly increased.                               I will keep you posted as soon as the data for June is in ..read more