People from all over the world are moving to Canmore, Alberta.
Read more to find out why!
The secret is out on Canmore’s beauty, amazing lifestyle, and heavenly setting. Nestled in the mountains just one hour away from Calgary and right on the border of Banff National Park, this charming mountain town in Alberta has it all.
In summer, visitors come to spend time hiking the absolutely stunning mountain trails, but they soon discover that Canmore has so much more to offer! The curious adventurer will discover more sports, life music and arts. Canada Day, The Highland Games, The Canmore Folk Festival, Canmore Uncorked or Xterra Canmore Triathlon are just a few of the events which represent Canmore’s versatility.
Sport enthusiasts can’t get enough of living here once they discover the multiple activities available so close to their homes. Golf lovers can choose between three golf courses, kayakers and stand up paddleboarders can paddle down the Bow River or in the reservoir. World class mountain bike trails are available at the renowned Nordic Center and climbing is easily accessible whether outdoors or indoors at Elevation Place.
The art scene in and around Canmore is fantastic too! If you live in Canmore, you can make your way to Banff and listen to music from local and international artists at the world-famous Banff Center. Canmore’s own arts and creativity hub, artsPlace, offers live concerts, exhibitions, theater, and other live entertainment. The opportunities are endless.
In Winter, you can enjoy three world-class skiing resorts within just over an hour's drive. Dog sledding, Nordic skiing, skating or snowshoe hiking are just fabulous. If you prefer something more relaxing, you can treat yourself in one of the spas, enjoy fine dining or a good drink from one of the plenty micro-breweries in Canmore.
If you love the sound of all of this as much as I do, then Canmore is definitely for you! But why just visit?! There is an opportunity to own your own piece of heaven.
A perfect opportunity for visitors who have fallen in love with Canmore, but who are not quite ready yet to move for good is a hotel condo or an apartment that you can rent out short-term. While you can use your place whenever you like, it also allows you to rent out the property short-term to other visitors, thereby off setting your cost of ownership.
You can enter a rental pool, rent it out yourself through one of the short-term rental websites or find a third-party management company. Depending on the rental model you choose, these investments can be quite lucrative.
Although prices for hotel condos have gone up between 100 – 300% since 2016, there is still a chance to get into the market. The good news is that some banks will finance these units with a 20 – 35% down payment.
While the increase in interest rates has temporarily stopped property’s selling price increases and prices have flattened out now, tourists are back in town and rental returns are coming back to where they used to be before 2020. I expect more units to hit the market as we enter the fall which would add to the downward pressure on price.This is a good opportunity for you if you want to join this market.
If you are ready to look for a permanent home in Canmore, there are different options available.
A 2-bedroom condo would be available at an average price of $700,000. A 3-bedroom townhouse would start at around 700,000 with an average purchase price of $1,1 million.
About $900,000 would be the starting point for a single-family home with an average purchase price of $1.8 million.
Canmore has so much to offer for the active outdoor enthusiast and the laid-back mountain town style is relaxation and pure joy of living. Waking up to blue skies and glowing mountains rejuvenates and recharges the batteries effortlessly.
In my spare time you will find me on top of the mountains surrounding Canmore or I might venture out into Kananaskis Country or into Banff National Park. I might also be biking or kayaking, or you might hear me playing my trumpet with our local Valley Winds Big Band or in our smaller Dixieland Band. In Winter, I go Nordic Skiing, snowshoeing or I take the kids to one of the hills. Skating on a frozen lake is a real treat. Many evenings are spent by the fireside.
If you are curious what your options are in Canmore, give me a call, send me a text or email me:
Cell: 403-678-7653
Email: canmorethomas@gmail.com
