Another beautiful property has sold. Congratulations and thank you to everyone involved in this transaction.
Contemporary mountain living at its finest. This Timberline Lodges executive 1+ bedroom, 2 bathroom 925 square foot unit has it all including quality materials, fantastic layout and a large private patio space to enjoy the evening sun. The open floor plan flows perfectly from the kitchen with raised eating bar, granite countertops and stainless steel appliances to the open living and dining room with Rundlestone gas fireplace. The primary bedroom with walk in closet and four piece ensuite bath is just steps away along with the 2nd room, great for an office/den or guest space, three piece bath and laundry. Do not miss Canmore’s most luxurious amenities club that features a swimming pool, indoor & outdoor hot tub, steam room, home theater, games room, and owners lounge. Also included is an underground parking stall and large storage locker. With quick access to local trails and close to the Stewart Creek Golf Course, make this your perfect mountain haven.
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We are delighted to announce the sale of this beautiful property. Thank you to everyone involved in this transaction.
Live the Pinnacle life in this awe inspiring unit in the highest elevation building in Canmore. A perfectly laid out 1586 square foot floorplan with stunning south and southwest views and light throughout the living space and bedrooms. Upon entry, you and your guests are drawn into the abundant living space from the welcoming entry. The living room with feature stone fireplace opens to both the dining room and the kitchen which is perfect for entertaining or for the chef in the family to prepare a delightful meal. Off the dining room that is surrounded by windows is the covered deck, a true sanctuary to take in the extraordinary mountain views. The views will welcome you to the day in the primary bedroom with walk in closet and five piece ensuite. A second bedroom, three piece bath with steam shower and the perfect den/office complete this mountain oasis. Enjoy the benefits of the Pinnacle which include two titled parking stalls, generous storage all in a fully concrete building.
As We Enter Fall Lack of Inventory Continues To Affect The Market
The fall is an exciting time to be in the mountains. After a summer full of hiking, biking, running along with the many successful local events like Canada Day, the Folk Festival and most recently the Canmore Highland Games we are excited for the upcoming fall season. The kids are back in school, and the days are still longer to enjoy active outdoor evenings.
We do typically start to see a pickup in buyers as the cooler temperatures in the air bring thoughts of ski season and what that might mean in terms of purchasing a property here or getting something larger (or smaller) depending on each families needs.
Sales in August show a higher number however quite a few of the hotel condos were a new project so once you remove those from the total the sales in August 2023 match that of August 2022. While sales matched year over year the listing inventory is down 25% year over year which makes the matching sales numbers show much stronger. We have seen a decrease in sales in 2023 which we feel corresponds to that lack of inventory and choice for buyers. Our market continues to have buyers waiting for that right property to come to market.
Sales in August show a higher number however quite a few of the hotel condos were a new project so once you remove those from the total the sales in August 2023 match that of August 2022. While sales matched year over year the listing inventory is down 25% year over year which makes the matching sales numbers show much stronger. We have seen a decrease in sales in 2023 which we feel corresponds to that lack of inventory and choice for buyers. Our market continues to have buyers waiting for that right property to come to market.
The Months of Inventory metric we use continues to support our position of a sellers market. The rule of thumb is between 3 and 6 months of inventory is typically a balanced or moving to a balanced market while less that 3 is a sellers market and more than 6 is a buyers market. August was at 2.37 and the average for 2023 currently sits at 2.88.
While the market segments are showing increase in average sale prices we will dive deeper next month as we will review the third quarter which is often better to really see the trends as the sample size makes those numbers much more relevant.
Lastly, we are here to help you or anyone you know for all your real estate.
Another beautiful property is off the market. Thank you to everyone who made this sale possible.
This stunning townhome in the heart of Canmore is the perfect blend of mountain and contemporary finish. With 1,550 sqft plus an additional 149sqft of outdoor space, this 3 bedroom, 2.5 bath home enjoys an extensive amount of windows that bring in the light and allow for views from Ha Ling all the way to Lady MacDonald. The grand entry welcomes you and pulls you up to the main level open floor plan. The chef’s kitchen with waterfall stone countertops and eating bar flows perfectly to the dining and living room. The living room with tongue and groove ceiling plus huge stone surround fireplace steps out to a large view deck. Upstairs the primary retreat has even more views with vaulted ceilings, raked windows and features a private view deck, walk in closet and double vanity ensuite bath plus an additional 2 bedrooms, both with mountain views, and 4 piece bath. Other features not to miss include a single car garage along with laundry/mudroom off the entry. Call Canmore home today!
Are you aspiring to be a nature photographer? Wanting to perfect what you have learned? A professional in the industry? Canmore has everything you need to grow as a shutterbug. With vast mountainscapes, contrasting vibrant colors and flowing rivers, you will never run out of creative inspiration. The scenery in Canmore changes season to season which inspires people’s innovative side. Spring sparkles with thriving wildflowers, summer boasts lush greens and coruscating teals, fall introduces radiant ambers and winter shines with bright white and conflicting sky blues. Join us for this season to season breakdown of what to expect when capturing the perfect shot in the mountains.
Summers Alpine Glow:
The days grow longer in summer, giving photographers an awe-inspiring lengthy window of sun soaked peaks to capture. The mountain tops glow bright pinks, oranges and reds in response to the sunrise (usually between 5am and 6:30am). Many photographers take this opportunity to head down to Policeman’s Creek and try their hand at getting the perfect alpine glow shot of the Three Sisters. Into the late evening, as the day draws to an end, a different opportunity arises. The ombre effects of the night sky creeping in, casting a shadow over the Bow Valley. Getting off the Valley bottom is a great option to seize the perfect image. Take an evening hike up Ha-Ling Peak to watch the sunset but be sure to have a headlamp, bear spray and know your route.
Fall Delivers a lot More than Pumpkin Spice Lattes:
Contrasting colors is what fall is all about and Canmore does not lack in its fall offerings. Although mostly surrounded by evergreen trees, Larch trees are hidden in sporadic pockets around the Valley. Due to being deciduous conifers, when the weather cools in fall, the needles on the larch trees transform the valley views into a golden opportunity for photographers. Heading outside of town to some of the more densely populated larch forests is a highly suggested. Larch Valley, located near Lake Louise is the ideal place to capture this phenomenon. The backdrop of the mountains set off against the greens and yellows of the forest leads to dramatic and vivid snaps that will leave you wanting more.
Brrr-illiant White Snow as Fall Comes to an End:
Winter in Canmore is the adventure lovers dream. Between skiing, snowboarding and ice skating, not to mention all the other winter sports, there is rarely time to rest. If adventure photography is your passion, there will be an abundance of moments to capture. The everchanging environment progresses with the temperature fluctuations throughout winter. This means that having your camera at hand is a must for all your winter excursions. Head to the slopes to snap some epic action shots. Grab some xc ski’s, book into a backcountry hut and glide your way to some awe-inspiring locations. Even just going for a wonder around town will produce some breathtaking photos.
Spring Serenity and Mountain Blooms:
The warmer weather brings a new found energy for all living things in the Valley. The bears are awakening to blossoming meadows, budding trees and a warm breeze. Spring is a great time to work on your wildlife photography. The season brings a whole new lease of life to your capturing opportunities. Take a drive down the Bow Valley Parkway from Banff to Lake Louise and you will be sure to see some awesome landscapes and potentially some of the astounding wildlife. Moraine Lake has gained its popularity in recent years as a great spot to snap the sunrise. Be sure to take time to appreciate the moodier weather that comes with spring. The perfect time to take advantage of some low lying clouds, grey skies and puddle reflection’s.
The landscapes of the Bow Valley are a never ending blank canvas for photographers. No matter the season, you will be sure to find an incredible moment to capture through the lens. The changing seasons bring completely new inspiration to the aspiring cameraman. Whether you are here for a quick visit or you live long term in the Valley you will never tire of venturing out with your trusty camera at hand.
Check out our blog on Canmore’s History to learn more about this mazing mountain town.
As I am writing this, I can hear the music at the Canmore Folk Music Festival in the background. It is so amazing that our local festival is the longest running folk music festival in Alberta starting in 1978. I feel like a broken record with the message of a continuing lack of inventory. Over the last five months, our listing inventory has only deviated from the average by at most 6.5%. It is this lack of inventory that has slowed down the number of sales as the buyers do not have much for choice, so we are seeing some buyers expand their parameters of what they are looking for while others are just being patient as they wait for that ‘right’ property to be available.
The data for July is skewed as over half of the sales and close to half of the new listings were just reported sales that happened previously at a new hotel condo development that is under construction to be completed in 2026. If we remove those added properties our months of supply is 2.43 for the entire market which continues that trend of a sellers market (a months of inventory between 4-6 is often referred to as a balanced market) Last year at this time we had expected a rise in inventory which did occur but it was not sustained as the pent up demand worked quickly through those listings bringing the inventory through the winter at the 2nd lowest on record (only behind 2 months the previous year)
We do continue to expect more listings to come on through August, September and October but will it be enough to move the market to be more in balance. That will take a substantial increase as we continue to have buyers waiting on the sidelines for that right property to come to market.
We hope you have enjoyed your summer to this point and the remaining summer is amazing! We are here to help with all your real estate needs and are never too busy for your referrals. Thank you!
**Months of inventory is a calculation on the numbers of months it would take to sell all the currently listings with no new inventory coming to Market based on number of past sales**
To read the full Blog and access graphs click HERE.
Thinking of bringing your canine friend along with you to the Rockies? Fret not, in this blog post, we’ll embark on an unforgettable journey through Canmore, uncovering the many reasons why dogs and their owners find this town a truly pawsitively perfect destination.
Leash Your Mind: Unless Signage Rewinds
The town of Canmore has strict dog leashing rules and its important to follow them. The community prides itself in being accessible for all. Including our furry friends. In order to maintain this we all need to follow the rules. This limits the amount of dog fights and negative dog- human interactions. The town is thriving, meaning there are people from all walks of life here. Respecting the leash rules makes it a comfortable experience for everyone. In saying that, there are multiple off leash areas where your dog can run free and enjoy the mountains as much as you will.
Boundless Bark Park: Unleash the Fun
No matter what part of town you find yourself in there is likely a dog park not far from you. Most trails and dog parks in town have dog waste bags available so please pick up after your four legged companion and dispose of it correctly. The Pallister fenced dog park offers a open space for dogs that like to run and play fetch. Located just off the highway, its the prefect place to stop after a long drive. The Alpine dog park is a wonderful fenced off space. The area has many trees and is a playground for those adventurous pups that like to explore and meander through wooded trails. The Quarry Lake dog park is Canmore’s most popular. It is not fenced but there is ample signage of the off leash areas. This dog park has the trifecta. An open space for fetching needs, a wooded area for adventure seekers and a swimming pond to cool off in on those hot summers days. Located in a wildlife corridor be sure to keep an eye and know where you dog is at all times.
Paws & Patios: Where Tails Wag & Hearts Sway
Since May 5th, 2022 dogs are allowed on patios once they are lashed and do not have to pass through any indoor areas to get to the patio. This was brilliant news for business and dog owners. Canmore has multiple patios, especially in summer. The main street closes to allow space for more outdoor seating for restaurants and coffee shops. The majority of restaurants allow dogs in these patios. If you are curious about which patios accept dogs, take a walk down main street and ask or check out this helpful list for both Canmore and Banff from banffawaits.com. Several establishments even offer doggy treats and water bowls, making dining experiences a delightful treat for our four-legged friends.
Wagcation Wonderland: Cozy Retreats for You & Your Pup
IF you are visiting then you will need somewhere for you and your pup to stay. Canmore has you covered. The Malcom Hotel is centrally located and offers dog friendly accommodation. They even boast supplying dog treats on their website. If you are looking for somewhere just outside town that offers dog friendly accommodation check out Copperstone Resort in Dead Mans Flats. If you are thinking about camping there is many options for you. Most are located just outside of the town itself but are a brilliant way to indulge in nature with your four legged friend. Visit explorecanmore.ca for a full list of options.
If you plan to visit with your dog you have ample options for places to stay, areas to walk, and pet friendly dining experiences. If everyone works together obeying domesticated animal rules and regulations the town will be able to open up more opportunities for our furry friends to enjoy the picturesque community as much as we do. There are also many events that are pet friendly in Canmore. Head over to our blog Canmore’s diverse Community Events to learn more.
Another beautiful home sold in the Bow Valley. Congratulations to everyone who made this sale possible.
This quiet 755 sqft south facing top floor unit is in the heart of Canmore, just a short stroll to all the services Main Street has to offer, close to biking & walking trails and the Bow River. As you walk in you are pulled into the large open living area, including a very generous kitchen with an expansive peninsula work space and upgraded back splash and stainless steel appliances. The dining/living room boasts an extensive number of wrap around windows that flood the living area with sunshine. The living room and viewing deck allow for spectacular southern views from the Three Sisters to East End of Mount Rundle. The large Primary bedroom also enjoys these same stunning views and is steps away from the full bath. Completing this unit is the spacious laundry/storage room for all your mountain gear plus an easy access assigned parking stall with plug in. This 40+ self managed complex is the perfect choice for your Canmore property.
If you or someone you know are thinking of buying or selling, we would be happy to assist in anyway possible.
If you’re a biking enthusiast, you’re in for an exhilarating treat! Canmore boasts a network of stunning bike trails that wind through picturesque landscapes, offering a one-of-a-kind experience for both beginner and seasoned riders. This blog is your one stop spot if biking through lush forests and open meadows sounds alluring to you.
Beginners Trails
If you are new to biking or you are looking for a low key casual ride Canmore has many options for you. The trial around then Bow River is perfect for a nice afternoon ride. While biking the loop next to the turquoise colors of the river you journey over an old engine bridge. The path is gravel and easily maneuverable for bikers of all levels. If your venturing into the world of mountain biking and looking for a beginner trail, the Canmore Nordic Center has many trails. Any of the green trails (Nordic Center trail map) are perfect for someone wanting to dip their toes into the world of mountain biking. Take a longer ride and bike the Legacy Trail to Banff. This fully paved path is one of Canmore’s most well known rides. You can either bike back or take Roam public transport.
Intermediate Trails
If you are a competent rider that likes a more technical the Bow Valley is the place for you. The Montane Traverse, located on the sunny side of the valley, provides stunning views of the surrounding mountains. Starting at Cougar Creek this trail starts off with a kick, two steep hills get your heart rate elevated right from the get go. It then moves into some fun cross country, including a couple of creek crossings and some exhilarating downs. While there is too many trails in the Nordic Center to cover in this blog, it arguably boasts the more popular intermediate trail among locals, the Odyssey Trail. Starting at the day lodge you can take the FYI and EKG trails to the meadows and link to Odyssey from there. The trail is well marked and has great berms and lots of flow, perfect to get your adrenaline going.
Advanced Trails
There is honestly a trail for every style of rider in Canmore and it does not lack options for advanced riders. The trail system is ever evolving, The Nordic center have just added a new trail called Top Gun. Not for the faint of heart, it includes some wooden wall rides and unavoidable jumps. The Reclaimer trail is another black trail. It starts of step with a few quick turns but them levels out into a nice flowy trail. You can bike up to the trail head but it is also to get someone to shuttle this fun exhilarating trail. If you have the ability to get to Exshaw (located 17km east if Canmore), check out Prospector trail. It starts with a steep incline with some switchbacks. There is some rock slab, wooden features and an over all sense of adventure on this route.
When biking in Canmore be sure to always check the routes, know where your going and be bear smart. If you are stopping in town with your bike ensure it is locked up and secure. Canmore has a bike route for everyone. Bring the family along and have a day out enjoying the easier routes. Peddle yourself to some amazing viewpoints and through meadows. Push yourself on more technical terrain. Enjoy the ride, let the wind blow through your hair and most importantly get outside and have some fun.
It was great to see the town excited for Canada Day and a spectacular Canada Day Parade, even with an extended route. With the weather being so great locals and visitors alike can get out and enjoy this mountain paradise we call home.
A year ago, we had concern over our low inventory and had hopes we would see it rise… Unfortunately, it has lowered even further. Number of listings on July 1st, 2023, is the lowest on record for July and is down 28% lower than 2022. This lack of inventory has some buyers standing pat and waiting for the right property to come to market. This leads us to believe this lack of inventory will continue but we hope to see the levels increase over the next few months as we have typically seen in our market.
Average sale prices over the last quarter have both increased and dropped over the 2nd quarter of 2022 depending on the market segment. We saw drops in Single Family Homes, Half Duplexes, Townhomes and Lots, while Apartment condos and hotel condos both saw increases. With the lack of sales (tied to lack of inventory) these can be deceiving as we have seen sale prices rise throughout the market segments.
Days on market in the last year have had slight increases which can be attributed to sellers pushing price points, so buyers have had a better chance (time wise) to make an offer and negotiate. In some situations, we are seeing sellers reduce pricing if they were too aggressive with their initial asking price. Days on market is still incredibly low so buyers must be ready to jump if the right property hits the market.
We hope you have a great July, and we would be so thankful if you could pass along our information if you know of anyone looking to buy or sell.
