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Canmore, Alberta is popular due to its stunning natural beauty, proximity to Banff National Park & year-round outdoor activities. Located in the Canadian Rockies, it offers easy access to hiking, skiing, mountain biking & climbing, making it a haven for adventure seekers. Unlike Banff, it’s less commercialised, giving visitors a more relaxed, authentic mountain town vibe. Plus, its growing arts & food scene adds to the charm. Here is a Canmore Overview.
Canmore transitioned from a coal mining town to a vibrant mountain resort community, attracting both residents and tourists.
As a year-round destination, Canmore's tourism significantly impacts the local economy and housing market. In 2023, there were 4.7 million visitors to Kananaskis, a neighbouring area, indicating a strong tourism presence in the region.
As of February 2025, the average home price in Canmore is approximately $1,461,834, reflecting a 22.1% increase over the past quarter.
The market has experienced significant fluctuations over the past decade, with increases in property values in the last few years.
Given Canmore's status as a premier tourist destination, demand for housing is expected to remain strong.
Airbnb & short-term rentals are a significant part of Canmore's tourism economy, offering visitors a range of accommodations from cosy condos to luxurious mountain chalets. However, operating such rentals in Canmore comes with specific regulations & considerations.
Number of Listings: Approximately 2,110 active Airbnb listings as of September 2024.
Occupancy Rate: Median of 77%, indicating strong demand.
Average Daily Rate: CA$274.
Annual Revenue: Typical hosts earn around CA$72,000 per year.
The market includes a mix of single-family homes, Townhouses & Apartment Condos, each with distinct pricing & availability.
As a resort community, Canmore has specific regulations regarding property ownership, development, & usage. It's essential to understand the rules for compliance & suitability for your needs.
Living in Canmore offers unparalleled access to outdoor activities, cultural events & a close-knit community atmosphere. By thoroughly researching these aspects and consulting with your real estate professional, you can make an informed decision.
Whist your navigating the Canmore Real Estate Market, consider reaching out to Stewart J. Lowe, an award-winning realtor with over 23 years of experience. In 2010, he became a Certified Guild Member of The Institute for Luxury Home Marketing, recognised for his proven sales and exceptional client service. Stewart is known for his friendly, warm, and professional approach, ensuring a seamless real estate experience. Why not request a no-obligation Marketing Consultation
***As a Guild Member of The Institute for Luxury Home Marketing™ Team Leader Stewart J Lowe is part of an International Network of Real Estate Professionals who specialise in the Luxury Market. With the back-up of the Institute it makes sense for us to represent you, why not request a no obligation Marketing Consultation!
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Find out how much your current home is worth in today's market.