2021 - The Whopper Year of Canmore Real Estate
The title is giving it away…. 2021 was a record-breaking year in Real Estate in so many ways:
> Highest Absolute Prices
> Highest Price Increases
We have had positive numbers in every market segment and over every category except for one:
> Lowest number of listings ever!
And that’s a real concern for the many buyers that have been trying to get a foot into the Canmore market but couldn’t. But let’s take a look at the sales numbers first and then look at listings at the end of this report when we cover the Outlook for 2022.
The graph shows yearly sales numbers in Canmore since 2012 in blue and an impressive increase in sales numbers of 45% in 2021 over 2020. The orange curve reflects how the average price/sqft increased by 20% to $705/sqft over the last year.
A closer look at the years 2019 (the last year before Covid) until 2021 shows how sales came to a low point in April...