Canmore Sales In August Were Strong (Which Is Rare!) Canmore saw a solid end to the summer. This is rare, as most people are too busy getting after it in the mountains and getting their last vacation moments before school begins again. However, sales volume is down over the year by nearly 19%. Days on market are slower this year than last year. Canmore continues to build more hotel condo properties. We are looking at over 500 more units coming to market. These are pre-sold. Note that resale hotel condos are proving to be much cheaper than the pre-construction. Once these hotel condos are built ..read more

Town Is Busy, While Real Estate Is Slower It’s not uncommon for the Canmore real estate market to take a breather in the summer. This is common in nearly all Canadian real estate markets. We saw numerous new hotel condos hit the market in July, which shifted the overall balance. Note that the cost per square foot for the new construction hotel condo real estate is twice the cost of a resale hotel condo. So, keep your eyes peeled as an investor for resale. There is a lot of value to be had in the years to come! Note that the number of sales drops in the summer, which can skew the average values ..read more

Canmore Home Listings Remain Very Low Canmore and Banff continue not to have enough homes, condos and hotel condos for the buyer’s demand. Sales remain down roughly 35% – note that this is not value but available housing in the Bow Valley. Thelack of inventory has assured that this Bow Valley real estate market has kept competition higher for buyers, helping sellers sell the homes more quickly for more money. If you have any questions about Canmore’s real estate, please don’t hesitate to contact us here. Read The Latest Blog Posts Canmore Detached / Townhomes / Duplexes Values The average deta ..read more

Sky-high Buyer Demand – Record Low Listings Canmore has seen a shift recently. It has been related to so few houses coming to the marketplace. In addition, few homes are selling over the 2 million dollar price range. Does this signal a shift in buyers’ expectations of price or the effect of the increased lending rates? It’s frankly hard to say as the sub-2 million dollar housing and strata market is doing well. The lack of inventory has assured that this Bow Valley real estate market has kept competition higher for buyers, helping sellers sell the homes more quickly for more money. If you have ..read more

Canmore, A Story Of Two Markets Canmore has seen a shift recently. It has been related to so few houses coming to the marketplace. In addition, few homes are selling over the 2 million dollar price range. Does this signal a shift in buyers’ expectations of price or the effect of the increased lending rates? It’s frankly hard to say as the sub-2 million dollar housing and strata market is doing well. The lack of inventory has assured that this Bow Valley real estate market has kept competition higher for buyers, helping sellers sell the homes more quickly for more money. If you have any questio ..read more

Buying real estate in Canmore is a big decision. We are often asked questions about how and what to buy in Canmore. We cover some of those real estate buyer questions here in this post. 1. When is the best time of year to buying real estate in Canmore? We love this question! The truth is when you are ready and see the home or condo you want. Assuming you have your financing in line and can purchase without delay, buy when you fall in love with the property. Please leave it to us to help navigate the value and negotiation. We have had buyers buy the first home they saw because it was the right ..read more

Selling real estate in Canmore is a big decision. You, the homeowner, must feel confident in your decision to move forward with the sale. We get some common questions that will help you decide the best next steps for you and your investment. 1. What is the best time of year for selling real estate in Canmore? The best time to sell a house depends on a few things: 1) What is your motivation?; 2) What are you doing with the proceeds of the sale, and what is that time horizon? Once these two questions are answered, we move on to What is happening in the market today? Does today’s timing serve you ..read more

It’s a great time to sell a home in Canmore. Why is now a great time to sell? Simply put, Canmore has seen an incredible rise in values in recent years, especially in 2021. 2021 saw an increase of 32%. Typically Canmore sees an annual real estate return of approximately 5%. It’s a great time to take advantage of the capital growth in your home. Perhaps the kids no longer have time to use the house, life is busy in the city, it’s time to downsize, perhaps more travelling is what you are looking for, or another investment opportunity is available. No matter your reason for selling, we can assu ..read more

Canmore has seen more home and condo sales in the last few years. It’s partly because homeowners are cashing out on what has been an excellent real estate investment, and many people are moving up from their smaller condos into larger homes. The influx of new builds (i.e., new construction) has also brought more listings to our marketplace. Those looking to sell their Canmore home need to know some essential factors before selling. Let’s dive into those key factors to understand what to expect when you prepare to list your home or condo in Canmore, Alberta! Tax Implications If you are looking ..read more

NORMALIZING CANMORE MARKET Canmore saw sky-rocketing price increases over the last year and a half. We had never seen anything like it. That being said, the real estate market has slowed down. There are fewer sales than we have seen in the past year. We can liken this to a more typical Fall market. Sales have returned to a more normalized level. There is no question that Canmore has far more stability than major cities in Canada, which bodes well for owners. What Can We Expect This Fall? We will likely see a continued slowdown in unit sales. The reason is that condos drive most of the transact ..read more