Canmore Real Estate Market Comparison

Last Quarter 2022 vs. First Quarter 2023

A Look at the First Quarter of 2023:

Let me start with a disclaimer: As Canmore is a small town with few sales and listings in general, the amount of data, even for the first three months of this year, is limited. Statistically, the larger my data pool the more reliable the results. The numbers here reflect a certain trend, but should be taken with a grain of salt.

I am comparing January to March of 2023 with October to December of 2022.

Sales numbers dropped from 92 sales to 88 sales. Apartments, half-duplex and tourist home zoned properties gained slightly, but hotel condos (properties that can be rented out short-term via Air B&B etc.), single family homes and townhouses lost in sales numbers.

The biggest drop was for single family homes. We only had 9 sales in the first quarter of this year as compared to 22 in the last quarter of last year.

So how about listings and how did prices develop?

The number...