Congratulation’s to everyone involved in this sale. Look at the finest in Canmore’s apartment style living, this 1,157 sq ft spacious two bedroom + den, two bath unit offers wonderful 3rd floor views and sunlight! This home welcomes you with toe-warming in floor geothermal heat that is found throughout the property, and quickly opens up to an open concept kitchen, living and dining area. The kitchen is a chef’s dream, complete with granite counter tops, gas range, stainless steel appliances, large eating bar, and ample cabinet space. Moving to the living room, one can cozy up to the fireplace to unwind or head to the view deck. The primary bedroom features fantastic views, generous closet space and access to the large 5 piece ensuite. The second bedroom also has plenty of closet space and direct access to the unit’s second bathroom. This property has a den or 3rd bedroom, in-suite laundry, 2 parking stalls, recent reno was installing Cyprus flooring where once was carpet & repaint the entire unit. Shared fitness room.
Our clients have reduced the price to $2,299,500. Entering this 3,062 sq ft open plan 4 bedroom single family home you will be enthralled by the panoramic mountain peak vistas & immense valley views through the mammoth wall of windows, on both the ground & upper level living spaces, confirming your belief that a location like this truly does exist. As you enter you are drawn upstairs to the living room with vaulted ceilings & raked windows to enjoy the sun & views. The deck is steps away along with the open dining & kitchen that features a large walkin pantry & wine cellar or storage. Also on this level is the primary retreat with ensuite bath, walkin closet plus a second bedroom & full bath. The entry level includes a second large living room / family room with more stunning views & light along with two more bedrooms, full bath with sauna, laundry room & generous storage all with toe warming inslab heat. A large single car garage with additional storage & a large yard with shed complete this home on the bench overlooking Canmore
Congratulations to everyone involved in this transaction.
Tucked away in a quiet tranquil part of the desirable Homesteads neighbourhood, this 3 bedroom, 2.5 bath end unit townhome is an ideal choice. The open concept main floor features a spacious kitchen with stone countertop & eating bar & stainless steel appliances. A large dining room opens to the generous living room with a corner two sided fireplace plus a wall of windows & soaring vaulted ceilings that shares a view of the treed reserve space behind with access to the morning coffee deck. Up the stairs is sure to inspire with access to the jaw dropping 200+sqft sun deck & stunning mountain views. Also on this floor is the primary retreat with 5 piece ensuite & walkin closet. The lower walkout level enjoys toe-warming in-floor heat, two more bedrooms & a second full bathroom. This charming unit also has a single attached garage, powder room on the main level & provides close access to the river, Quarry Lake, the Nordic Centre & the many walking and bike trails Canmore has to offer!
We are thrilled to announce that 1, 150 Stonecreek Road has sold. Congratulations to everyone involved in the sale.
Enjoy this south facing premiere condo at the Pinnacle, the highest elevation of any building in Canmore. This well designed 1,629 sqft single floor home features 2 bedrooms plus a flex room which could act as an office/den or if needed a guest room. Along with the spa inspired primary ensuite with steam shower and soaker tub you also have a second bath that allows ensuite privilege for the second bedroom. You and your guests will be drawn to the kitchen with high end appliances and granite countertops which is perfect for entertaining or for the chef in the family to prepare a delightful meal. The kitchen opens to the dining room and living room areas where you can choose your favorite spot to enjoy the mountain views and sun. On the view deck you will love catching southern views from Grotto to Rundle Mountain after a day at play in the mountains. Other highlights of this property include concrete building construction, two indoor titled parking stalls and generous storage.
The Canmore Mountain Market is a summer tradition in Canmore for over twenty-five years, operating every Thursday from May to October. Visitors and locals are treated to an excellent selection of locally and regionally produced items including fresh fruits and vegetables, meats, jams, coffee, and baked goods. The Market also offers unique crafts, clothing, jewelry, and other artisanal products.
Saturday, May 25 (7:30-9:30am) and Sunday, May 26 (8:30-10am)
Calling all girls aged 5-12! Join us for a morning of girl power! The Fast and Female team is thrilled to be working with Rocky Mountain Soap Co.’s The Women’s Soap Run to bring back our annual Girls Run in Canmore, AB. The main event includes 1km or 2.5km run (distance of your choice), Fast and Female swag, the opportunity to connect with our REAL Roles, FUN, and so much more!
The story begins when Samuel is found dead in the snow outside the isolated chalet where he lived with his wife Sandra, a German writer, and their partially-sighted 11-year-old son Daniel. An investigation leads to a conclusion of “suspicious death”: it’s impossible to know for sure whether he took his own life or was killed. Sandra is indicted, and we follow her trial which pulls the couple’s relationship apart. Daniel is caught in the middle: between the trial and their home life, doubts take their toll on the mother-son relationship.
Friday Night Comedy: Allyson Smith with Danny Sutcliffe- ArtsPlace
Fri May 24 2024 at 07:30 pm
A self-confessed “over-sharer”, any Allyson June Smith show inevitably serves up a potent observational cocktail of wit, bite and shame. Which means you’ll typically find her after the show, with a line of eager fans queued up to talk with her, to confess to her or to share some comically grisly detail from their own lives. Courageously self-deprecating, Allyson’s comedic gift is making every room, whatever the size, feel like an intimate group therapy session.
Embrace the Spring in the Mountains: A Time of Renewal and Excitement
Spring has arrived in the mountains, bringing a mix of spring snowfall and stunning bluebird days. Fresh snow adorns the mountain peaks, signaling the end of the ski season and the beginning of a season filled with outdoor activities. The trails beckon for hiking, biking, and running, while the local mountain golf courses prepare for a vibrant summer. With the arrival of spring, wildlife becomes more active, offering opportunities to spot the natural inhabitants of our beautiful region.
Canmore Real Estate Market: A Glimpse into Inventory and Sales
Our real estate market, while still low on inventory, shows signs of growth with an approximate 20% increase in total listings in each of the past two years. This trend is encouraging, yet there’s a journey ahead towards a balanced market. When we compare the past five months to the same period in 2019, our listing inventory is down by 43%.
Sales Trends and Market Dynamics
In the first four months of 2024, the market experienced a 33% increase in sales compared to 2023, although it was 17% lower than the pre-pandemic levels of 2019. Various factors contribute to this with the most significant being a lower inventory in 2023 and 2024 compared to 2019 which offered buyers more options and required less patience from them.
New Listings: Tracking the Pulse of the Market
While we often discuss the number of listings, it’s worth noting the monthly influx of new listings. Excluding the pandemic years of 2020-2022, we typically see between 200 and 300 new listings each month. Last year marked a low at 175, but 2024 has returned to normalcy with 220 new listings in the first four months.
Months of Inventory: Understanding the Seller’s Market
Currently, we are operating under 3 months of inventory, indicative of a persistent seller’s market. This environment has led to increased competition, with multiple offers for well-priced, high-demand properties.
Gratitude and a Request for Assistance
We are grateful for your trust in us for your real estate needs. If you know someone interested in buying or selling, please consider referring them to our experienced team. Now, more than ever, having a skilled team is essential to making your Canmore dream come true or ensuring a smooth and profitable sale.
Silvertip Update
Golf Season: The 2024 Golf Season has begun. Ready to hit the greens? Secure your spot on the course by booking your tee times in advance. Get set to experience priority access to one of Canada’s premier courses.
Silvertip Market: Offering Dine in and Take out options, you can now visit the Silvertip Market for a quick bite or shop for high-quality meats, farm-fresh eggs, quality produce, premium wines and specialty retail items all in one convenient location!
Mountain Tranquility: We are thrilled share the news that the road for Mountain Tranquility is aiming to be completed by mid June.
For a full update on Silvertip and Mountain Tranquility Place——> CLICK HERE
To learn more about the market and see historical graphs ——>CLICK HERE.
What’s happening thing month in the Bow Valley? ——>CLICK HERE
We are thrilled to announce the sale of 285 Grizzly Crescent. Congratulations to everyone involved.
A great family home is calling! With 3,848sqft, this 4+ bedroom 3.5 bath home with stunning mountain views and all day sun sits on a 6,000+ square foot corner lot. With large rooms throughout, the main floor enjoys both a living and family room, dining and separate eating areas plus a kitchen made for preparing a family feast. Step out onto the south west facing view deck with access to the separate sunroom and backyard. Main floor laundry and a powder room complete this floor. The upper floor features a huge true primary retreat with fireplace, mammoth walk in closet and 5 piece ensuite bath. An additional two bedrooms and a full bath are also on this level. The lower level with separate entrance has a perfect space for family game night in the recreation room. Also on this floor is a bedroom, den/office, 3 piece bath, multiple storage rooms and oversized double car garage.
Our current listing at 304, 505 Spring Creek Drive is the one she choose and featured in her post. We were honored to be asked to contribute to this property round up and get this kind of exposure for our sellers.
Please see below for more info on the Spring Recreational Property Report.
Royal LePage® 2024 Spring Recreational Property Report
Every year Royal LePage Solutions releases a Recreational Property Report. This report analyses the recreational property market comparing past markets and supplying future predictions for the market. In 2024, we can expect tot see an increase in single family home prices. With Ontario having the highest appreciation forecast. Noting that 41% of marker experts across Canada reported lower inventory than last year in their respective regions. Canmore is not averse to this statistic.
Alberta Market
In 2023, the weight median price of a single-family home in Alberta’s recreational property market increased 4.7% year over year. Brad was interviewed for this report noting ‘buyer demand in Canmore’s market is driven by both Albertans and out of province buyers from Ontario, Manitoba, Saskatchewan, and Quebec. While demand remains strong, we are facing on going inventory shortages as new listing remain few and far between’ We can expect to see an active spring and summer season with potential increases in comparison to 2023. Interest rates may not have an impact on the Canmore market as many transactions are cash based.
Months of Inventory – Canmore
Monitoring inventory duration is crucial for assessing market conditions. A balanced market in Canmore is best represented by 4 to 6 months of inventory, striking a harmonious balance between availability and demand. Here’s a snapshot of the average inventory duration for the past years:
2019: 5.92 months
2020: 7.63 months
2021: 1.48 months
2022: 1.33 months
2023: 3.48 months
2024: 2.72 months
Currently, it would take roughly 2.72 months to sell all listed properties, reinforcing our status as a buyer-friendly market.
‘This measure shows the balance between supply and demand in the market. It indicates how long it would take to sell all the current active listings based on the current sales rate. A balanced market usually has between 3 and 6 months of inventory. We used to say 4 and 6 months, but we have adjusted it to 3-6 months based on our experience.’ says Drew.
If you are looking to buy or sell property now is the prefect time. For current market statistics and information check out our monthly newsletters. Reach out to us if you have any questions or would like to further understand the recreational property report.
The Fun and Relaxation Markets- Investing in the Great Outdoors
Drew recently interviewed with John Hardy about the real estate market in Canmore. The April 2024 edition of business in Calgary contains the entire article. The write up starts by comparing the real estate markets between Calgary and the outlying more tourist based towns. John notes that when comparing real estate markets it is important to take the environmental factors of the area into account. Real Estate market’s have diverse influencing factors including floods, droughts, forest fires and public perception.
Canmore Market
Drew mentions that the poor air quality and interest rate hikes have not impacted the market here in Canmore. ‘ To this the point, the fires and the smoke have not really had an affect’ he says ‘ and mortgages don’t really have much of an effect on second homes in recreation property markets. In fact the trend and numbers are positive’. ‘Benchmark prices in all segments are up at a minimum 40 per cent, while inventory is unfortunately still down about 60 per cent.
Bouncing back from Covid
Now that covid is far behind us, the sales numbers are returning to more traditional seasonal sales patterns. Unfortunately, overall inflation and the lack of recreational properties available has resulted in a slower market in most popular recreational areas.
Financing
Drew felt it important to mention that a majority of property transactions in Canmore are made without financing. In turn, the higher interest rates have not discouraged most homebuyers. Due to the same reasoning Canmore homeowners are less likely to rent out their home, not needed to offset other increased borrowing costs. Comparing to other popular recreational property areas, Canmore is definitely a high end anomaly.
Canmore market Favoring the Seller
Coming out of Covid, the current Canmore market conditions tend to favor the seller. The a lack of inventory and a high demand for property leads to sellers being in a good position. The market appears to be slowing inching toward a more balanced market.
Zoning Laws
For the last few years Canmore’s zoning laws have restricted short-term rentals to specific areas. It is why the area hasn’t faced the same supply challenges as other areas and provinces, with an influx of investor-owned properties.
This article is extremely informative and a recommended read for anyone who is interested in the Canmore market both in the past and into the future.
There has been a price reduction on 304, 140 Stonecreek Road. The new price is $2,098,000. If you would like more information on the property or to schedule a showing don’t hesitate to reach out to us.
Discover the epitome of luxury living in this meticulously designed 2,689 sqft 3+ bedroom 3 bath penthouse—the crown jewel of Canmore. Perched atop Canmore the Pinnacle is at the highest elevation in the area, the home offers unparalleled views both inside & out. From the southeast facing primary balcony to the 2nd balcony accessible from the primary retreat, every moment in this concrete building is a breathtaking experience. The gourmet kitchen, adorned with stone countertops & a walk-in pantry, invites culinary inspiration while hosting friends & family. Entertain in style as the views seamlessly flow through the spacious living room, centered around a feature gas fireplace. Two luxurious primary retreats with spa-inspired ensuites & walk-in closets, provide ultimate comfort. Additional features include, dining or den area, steam shower, spacious laundry room, two heated underground parking stalls & a huge 200 sqft private storage unit. Welcome to a life elevated at the Pinnacle.
