The Canmore Real Estate Market 2019

Dear friends of Canmore,

I am sitting here in my office looking out onto an absolutely stunning Winter wonderland with an incredible blue sky, crystal clear cold air and the sun turning everything bright and golden. What a joy and blessing to be able to live here!

Last year at this time I predicted that Canmore 2019 would see a “stable price level with no or very little price increase and perhaps some more supply”.

I was only partially right: Since 2010, the numbers of listings have been decreasing in Canmore and 2019 is the first year that sees this tendency turn around with a significant increase of supply over 2018 by 20% from 155 listings on average to 186 listings on average throughout the year. This turned only partially into 12% more properties sold in Canmore in 2019 than 2018 (518 Sales). However – average price/sqft above grade still increased by 7% (10% from 2017 to 2018) for the whole of Canmore. The numbers are very different...