Only 50 Banff Legacy Resort Units Remaining

ONLY 50 UNITS REMAIN — EXCLUSIVE PRESALE ACCESS Thank You for your Interest! RE/MAX Alpine Realty and I are excited to introduce Banff Legacy Resort — a brand-new resort development in Harvie Heights, 5 min. from Canmore, offering a rare opportunity to own a professionally built townhouse in the heart of the Canadian Rockies, with short-term rental permitted. If you like the property, and would like to purchase a unit, please sign up as soon as possible to reserve your priority access for the October pre-sale event. You can sign up on our Website (very bottom) or you can sign up at the bottom of this page. Why Banff Legacy Resort? Short-term rental opportunity — rent your unit through Airbnb or another platform 1-, 2- and 4-bedroom townhomes with private entrances Underground parking — one stall for every unit (2 stalls for 4-bed units) Resort amenities, including a hot tub and front desk Two-level commercial space with a coffee shop anticipated Choose your own rental management — self-manage or use a company of your choice Quality construction by Gold Homes Construction starting within the next few weeks First units expected to be move-in ready by Spring 2028 1bed/1bath units 665,000 - 675,000 plus GST 2bed/2bath units 918,000 - 1,068,000 plus GST 4bed/3bath units 1,499,000 - 1,557,000 plus GST There are four floorplans and multiple interior color schemes to choose from, with units designed for both personal enjoyment and short-term rental income. PRESALE TERMS 15% deposit at contract 85% balance payable upon completion With only 50 units remaining, this is your opportunity to get in early and secure your preferred unit and floorplan before the October presale. If you are looking for a Rocky Mountain property that you can enjoy yourself while also having the potential to generate short-term rental income, Banff Legacy Resort deserves a close look. No restrictions for foreign buyers! Thomas Krause Realtor | RE/MAX Alpine Realty 403-678-7653 canmorethomas@gmail.com

Click here for banfflegacyresort.com Click here for Siteplan Click here for Floorplans Click here for Frequently Asked Questions Click here for contact info and to sign up for the October pre-sale event

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1. Market Overview & Sales Activity

The first 6 months of 2026 have passed, and it’s time to take another look at Canmore’s real estate market: what is happening, how sales numbers and prices have developed compared to last year, and what to expect for the second half of this year.

At first glance, sales numbers appear to have dropped. During the first six months of 2025, we recorded 245 sales, followed by 247 sales in the second half of the year. With only 239 sales registered in the first six months of 2026, it initially looks as though sales activity has slowed down by 3–4% compared to both periods last year. However, when we take a closer look, the situation is much more nuanced, and these surface numbers can be misleading.

Let’s look into the details:

 We...

At first glance, the Canmore real estate market in 2025 seems to break one of the most basic rules of economics:
Sales are down — yet Prices keep rising.

In a typical market, lower sales numbers signal weaker demand, eventually leading to price corrections. But Canmore is not a typical market. To understand what really happened in 2025 — and what it means for buyers and sellers looking ahead to 2026 — we need to look beneath the surface.

Let’s break it down.

In 2025, Canmore recorded 483 property sales, down from 504 sales in 2024 — a decline of roughly 4%. If that sounds familiar, it should: 2024 already saw a similar 4% drop compared to 2023. This marks the second consecutive year of declining sales volume.

However, the reasons behind the decline shifted.

In 2024, lower sales were largely driven by a slowdown in Hotel Condo transactions. In 2025, the picture changed: sales declined across most property types — except Hotel Condos, which saw a notable rebound.

Sales change by property type (2025...

We are almost half a year into 2025. In the US, President Trump moved into office in Jan. 2025 again and in Canada Prime Minister Carney was sworn in in March 2025. In June 2024 the Bank of Canada started to drop its key interest rate in small steps from then 5% to 2.75% in March 2025 where it has been sitting since. What effects did this have on the Canmore Real Estate market – what happened so far this year and what’s coming….

In short:

Sales Numbers are down

Numbers of Listings are up

Prices are up

We are looking at a more balanced market with more inventory and less demand….buyers are cautious….and yet: Prices are up compared to last year.

Sales numbers for the first five months of this year decreased by approximately 8% compared to last year. The average number of listings increased by roughly 30%. Average days on market rose from 50 to 55 days this year.

Looking at the long-term trend since 2022, sales figures show a decline: 556 sales in 2022, 515 in 2023, 504 in 2024,...

As the year draws to a close, Canmore’s unique position as a gateway to the Rockies continues to make it a standout market in Alberta’s real estate landscape. Whether you’re a long-time homeowner, an investor, or someone dreaming of a mountain retreat, understanding the trends shaping our local market is crucial to making informed decisions.

In this report, we’ll explore the key trends from 2023, analyze how 2024 unfolded amidst changing market dynamics, and provide a forecast for what 2025 may hold for buyers and sellers alike. With Canmore’s exceptional blend of natural beauty and vibrant community appeal, the opportunities in our market are as compelling as ever.

Join me as we uncover the insights that will shape your real estate journey in the coming year!

Sales Numbers:

2024 saw a modest 4% decline in total sales compared to 2023 (497 sales vs. 517 sales), primarily due to a significant drop in hotel condo sales.

The following two charts reveal distinct trends in 2024. While sales in the...

Background

Over the past decade, Canmore has struggled with an increasingly severe affordable housing shortage. To address this crisis, the town created a livability task force (a diversity of Canmore citizens) in 2023 to recommend new housing policies.

Under the headline “Housing Action”, three measurements were identified, and the task force’s recommendations were accepted by council in January and August 2024.

“Every door in this community has a responsibility to contribute to helping solve our housing crisis … We will see how this rolls out in the coming years, but I’m happy to put my hand in the air to take a step forward in finding new resources to help fund and support our housing crisis,”

Councillor Joanna McCallum

The Three Key Initiatives

1.      Limit the Growth of Tourist Homes

Limit the Growth of Tourist Homes through a tax program (Tourist Home Program) and tightened business licence regulations (Regulation of Short-Term rentals)

2. ...

Are Canmore Real Estate Prices still increasing? Let’s take a look at the first Quarter of 2024!

There is a lot of uncertainty in the real estate market these days. Uncertainty is less than ideal for any market. On March 6th of this year, the Bank of Canada announced that their inflation target rate of 2% has not been met yet and they kept their rate at 5%. Now there is anticipation building up for a rate drop this June or July.

There are a lot of factors speaking for this. The core inflation eased to 3.5%. Unemployment rates in the country increased and many businesses are freezing hiring. Arrears are increasing. In 2024/2025 there will be over 2 million mortgage renewals coming up, adding stress to household budgets.

However, inflation in the U.S increased to 3.5% in March (from 3.2%), propelled by surging gas and mortgage prices, which could delay rate cuts in the US. And experts doubt that Canada would reduce its rates earlier than the US due to impacts that this would...

Dieter Kuhn: A Canmore Original 

I first met Dieter when he walked into our RE/MAX Alpine Real Estate office on Main Street in the summer of 2015.

Dieter’s house had just blown up and Dieter was looking for a place to rent.

The explosion that registered a 1.1 on the closest Richter scale approximately 80 kilometres south of Calgary, occurred in June 2015 in Canmore during the expansion project of the Bow River Seniors Home when a sub-contractor worker hit an ATCO gas line. Dieter’s house was completely demolished and a dozen others in the neighbourhood were affected. And it was really just good luck that Dieter was safe in his car on the way back home from Calgary.

Originally from Trier, a small historical city in the mid-west of Germany, he had been a chef in Switzerland and together with his German fiancé had the idea to come to Canada for a year to travel the country and then return. He never went back.

Dieter remembers how things...