Music, Rain & Market Momentum: Canmore Real Estate Update – July 2025
As we turn the page on July, the energy in Canmore has been nothing short of vibrant. The Canmore Folk Festival brought our community to life once again, drawing crowds despite a few rain showers. Festival-goers shared overwhelmingly positive feedback, and the town buzzed with music, culture, and connection — a true testament to the spirit of Canmore.
Speaking of rain, it’s been a wetter July than many of us can remember in the Bow Valley. While the sunshine took a bit of a break, the upside has been welcome: lower fire risk and lush, green surroundings that highlight the natural beauty we’re lucky to call home.
From a real estate perspective, the market felt a touch quieter in the days following the Calgary Stampede, but we’re seeing momentum build again as we move into August. Buyer interest and showing activity are slowly picking up, and we expect a more engaged market heading into the late summer and early fall months.
Canmore Real Estate Market – July 2025 vs July 2024
Statistically, the Canmore real estate market in July 2025 revealed a mixed picture compared to the same month last year. While overall sales activity was relatively stable, there were notable shifts in average pricing, days on market (DOM), and buyer behavior across property types.
Key Year-over-Year Trends by Property Type
| Property Type | Listings Sold (2024 → 2025) | Avg. Sale Price | Median Sale Price | Avg. DOM | Market Insights |
| Townhomes | 7 → 7 (no change) | ▲ $915,771 → $1,012,714 (+11%) | ▲ $880K → $974K | ▲ 27 → 54 days | Prices rose, but homes are taking twice as long to sell |
| Apartments | 11 → 13 (↑18%) | ▼ $967,827 → $788,942 (↓18%) | ▼ $798K → $725K | = 44 → 46 days | Sales volume up, but prices fell – buyer focus may have shifted to more affordable units |
| Duplexes | 4 → 2 (↓50%) | ▼ $1.63M → $1.55M (↓5%) | ▼ $1.59M → $1.55M | ▼ 28 → 14 days | Activity slowed, but well-priced homes are moving quickly |
| Hotel Condos | 8 → 6 (↓25%) | ▼ $754,222 → $491,625 (↓35%) | ▼ $748K → $632K | ▼ 99 → 81 days | Sharp price correction is attributed to multiple 1/12th share sales |
| Single Family Homes | 11 → 8 (↓27%) | ▲ $2.17M → $2.30M (+6%) | ▲ $1.7M → $2.14M | ▲ 48 → 58 days | Lower volume, but luxury sales boosted price points |
For a list if fun activities happening this month in Canmore click here
