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 notice that almost all sales numbers went up over the last six months, except for hotel condos and lots. The drop in hotel condos is due to an unusually high number of pre-sales in late 2025 for new developments that will be completed in 2028. If we take out those pre-sales, only 32 hotel condos actually sold in the second half of the year, meaning 2026 sales were actually quite steady by comparison.

Overall, this means we sold 182 standard properties in the second half of 2025 compared to 239 in the first half of 2026—a healthy 30% jump. While this is still slightly behind the 245 units sold in the first half of 2025, the market has nearly bounced back.

2. Inventory & Supply Analysis

Property listings on the market increased slightly over the past year. We averaged 123 active listings in the first half of 2025, which then grew to 134 in the second half of the year, holding steady at that level through 2026.

3. Macroeconomic Factors & Rate Environment

The Bank of Canada lowered its policy interest rate to 2.25% in September 2025 and has kept it there ever since. This consistency has helped stabilize the market. Moving forward, the bank is expected to hold rates steady as it balances controlling inflation with supporting an economy facing potential international trade pressures. Reducing these economic unknowns is generally good news for real estate

4. Price Valuation & Sector Analysis

At first glance, overall sale prices appear to have gone up from an average of $1,243,000 to $1,335,000 during the first half of this year—a 7% increase. However, looking at the average prices broken down by property type tells a more accurate story.

 For hotel condos in 2025, if we exclude the pre-sales for 1727 Mountain Ave and 829 8th Street, the adjusted average price was $938,000.

Even with those adjustments, we can see that prices for hotel condos actually slightly dropped in 2026, so did apartment prices. Townhouses and duplex stayed flat, while detached homes and tourist homes increased. The increase for tourist home prices is to a large extent due to 5 high-priced sales at Spring Creek in 2026; without those, the average would have been $1,072,000—still higher than 2025 but not so extreme. Meanwhile, the average price for detached homes grew by almost 6%.

Overall, the average price per square foot was $878 in 2025, compared to $847 in 2026.

5. Absorption Velocity & Days on Market (DOM)

Properties sold faster overall, dropping from an average of 57 days on market in 2025 (excluding pre-sales) down to 46 days in 2026.

Summing Up: What This Means for the Market

Looking at the numbers from the first half of 2026, Canmore’s real estate market is holding strong and returning to a healthy, steady rhythm: 

• Sales Are Bouncing Back: After a quiet patch late last year, regular home sales jumped by about 30% in early 2026 as more buyers stepped back into the market.

• Steady Supply: The number of homes listed for sale has leveled off at around 135 properties, which gives buyers plenty of consistent choices without flooding the market.

• Helpful Interest Rates: Because the Bank of Canada lowered its main interest rate to 2.25% back in late 2025 and has kept it steady since, people looking to buy homes face less financial stress and uncertainty.

• Mixed Price Trends: While overall average prices ticked up to $1,335,000, prices actually dipped slightly for some property types, while larger detached houses and luxury tourist homes (especially in areas like Spring Creek) continued to climb.

• Faster Sales: Homes are selling much quicker now—dropping from an average of 57 days on the market last year down to 46 days in early 2026—proving that well-priced properties are being snapped up fast.

 Overall, steady interest rates, quick-moving sales, and solid demand mean Canmore's housing market is well-balanced and heading into the second half of 2026 on stable ground.

All Data taken from Interface, Canmore only

The data and statistics presented in this report are based on available sources and are deemed reliable but cannot be guaranteed for accuracy or completeness. They are intended for informational purposes only and should not be solely relied upon for making financial or real estate decisions. Always consult with a qualified professional for personalized advice.