This blog was first published in CanmoreAlberta.com. Thank you for the feature!

Canmore, My Town: A Realtor's Homage to Canmore 

When I hitchhiked the USA and Canada as a teenager in the 1980's a dream was born. I would one day live in Canada. Thirty years later - I was married with two young kids and working in Shanghai, China - I was ready to make the move.

In 2011 while still working in China my wife and I came to Canada for 8 weeks with the sole purpose to find a place to call home.

Real Estate is one of the Hottest Topics in Canada These Days

Read the full blog for a 2022 Canmore real estate market review and a quick look at 2023

2021 was an incredible year in Real Estate with the markets running hot. After taking a deep plunge during the pandemic, the Canadian economy bounced back in 2021/2022 with strong growth and record-low unemployment.

This exuberance in the economy along with global pressures, led to arguably the most pressing economic issue of the year: decades-high inflation.

The Bank of Canada responded to rapidly rising prices with one of the fastest monetary policy tightening cycles in its history, setting the stage for a rockier year.

Since March 2022, the central bank has raised its key interest rate seven consecutive times, from 0.25 per cent to 4.25 per cent. That's the highest it's been since January 2008.

Canadians and businesses facing higher borrowing costs are expected to pull back on spending more noticeably in 2023. Economists expect that...