March 2024 Market News | Canmore Real Estate We are beginning to see the first signs of the spring real estate market in the Bow Valley. Active listings have increased month over month from 118 to 127 total active listings. The increase tends to be across the board with no surge in one particular segment of the market. Year over year, total listings have increased from 113, primarily within the short term rental use market. These levels of active listings remain well below what we would typically expect for this time of year. Overall, the majority of the market remains within a seller’s mark ..read more

We are pleased to announce the selling of this ideal mountain retreat townhome, just steps to Canmore’s eclectic Main Street. Facing south onto the quiet lane, the back deck leads down to the fenced yard. Positioned over two levels, the upper level has vaulted ceilings with wood finishing creating a warm and inviting space. Relax in the living room as the afternoon sun fills the space. The lower level has two bedrooms, the full bathroom and storage. Unique among fourplex units, this home has a spacious detached shed for your mountain toys. This home has been upgraded through the years with ha ..read more

We are pleased to announce the selling of this Canmore half duplex ideally positioned in the mountain town, looking across Riverside Park to the Bow River, Ha-Ling and the Rundle Range. Privately located on a no through road while mere steps to Main Street with shops, restaurants and more. Access Canmore’s trail network from your doorstep with the river pathway leading you along the Bow River, up to the Nordic Centre or across the valley. With an open concept living space and kitchen that leads to the southwest facing deck this home is an ideal mountain retreat. With three bedrooms, including ..read more

February Market Update Spring has come early to the Bow Valley. Not only the record setting unseasonable warm spell but a strong market for sales in what is historically a low sales month. With 40 total MLS sales, volumes were above more historical Januarys of 2018, 2019, 2020 and 2023 (25, 26, 25, 24); 2021 and 2022 were 81 and 57 sales respectively. Year over year, residential sales increased 55% to 28 sales. Short term rental sales increased year over year from 6 to 11. Active inventory is still below what we would expect for early February with 81 residential properties, 34 short term re ..read more

We are happy to have assisted our client in the selling of this privately positioned piece of land in an established area of Canmore, located on a quiet residential street with forest and mountain views. 829 14th Street in the Lion’s Park neighbourhood is only a few blocks to Canmore’s eclectic Main Street yet worlds away in terms of a quiet and serene setting. This R1 land allows for detached dwellings with an attached or detached legal suite or a discretionary use of a detached dwelling without a suite. Being North of Main Street and South Canmore, the homes in Lion’s Park often receiv ..read more

2023 Market Review & 2024 Outlook | Canmore Real Estate Despite various headwinds, the 2023 Canmore real estate market was relatively resilient this past year. While sales volumes are down from the heights of 2021, the total dollar value of MLS sales was $616,324,000 – the third highest year on record. This past year, we transitioned to a more “normal” market with properties staying on the market for more than a few days, price corrections, and opportunities for buyers. The ratio of sales to listings returned down to 70% this past year, after peaking at 96% in 2021; even with th ..read more

We are pleased to announce the selling of this detached home with the benefit of condominium living. Located in the heart of Canmore’s Three Sisters community, this home is steps to schools and the new commercial district. With 1,813 sqft of living space, a three bedroom layout, including a private primary with its own ensuite, lower family room, and garage this home is an ideal full time residence or mountain getaway. Located on a quiet cul-de-sac and backing onto trees, there is a yard, two decks and mountain views. The open concept living room and kitchen space has vaulted ceilings creatin ..read more

December 2023 Canmore Real Estate Update This month’s Canmore real estate update is a little slower coming to you than normal thanks to an incredible storm which has been blanketing Lake Louise with some of the best snow we have had in ages – the skiing has been great! As we approach the end of 2023, I’m delighted to share insights into Canmore and the Bow Valley’s real estate landscape. Despite a delayed start, akin to our ski season in the Canadian Rockies, the market has shown remarkable resilience. In November, we observed a steady flow of sales, leading into a robust December so far, th ..read more

We are pleased to announce the selling of this sunlit, upgraded townhome in Canmore. Facing south, the property adjoins a communal greenspace, basked in year-round sunshine. Upstairs, two bedrooms offer stunning mountain views and share a full bath. The finished basement provides storage for outdoor gear and extra living space. Located in Cougar Creek, amenities are close by, with cafes, pubs, trails, a dog park, and a playground. Canmore’s trail network connects you to downtown, schools, and Elevation Place. The well-managed condo association keeps fees low for a townhouse complex. Includes ..read more

November Real Estate News The pulse of Canmore’s real estate market continues to beat strongly as we navigate through the 2023 calendar year. Market dynamics exhibit a vibrant ebb and flow that savvy buyers and sellers should be aware of. As we shift into a late fall real estate market, sales in October declined month over month. Year over year, residential sales in October were up to 26 from 22 and short-term rental use property sales rose to 15 from 11. Active listings are slowly stating to rise as well; residential active listings increased month over month by 11 units to 120 properties. Sh ..read more