Category: General

SOLD- 1, 829 Wilson Way

Posted on by Katie OSullivan

 

We are thrilled to announce  1, 829 Wilson Way has sold. that Congratulations to everyone involved in the sale of the beautiful home.

Panoramic mountain views abound from this spacious and bright open plan townhouse that features a sunken living room with lofty ceilings along with a gas fireplace with rundle stone surround plus a huge front view deck for early morning and afternoon sun. The living room opens to the dining room and kitchen that features stone countertops, upgraded appliances, pine cabinets, corner pantry and access to the large south facing patio that backs onto Wild Lands Conservation District zoning. Also on this floor is the laundry room and a powder room. The top floor hosts two large bedrooms, both with four piece ensuite baths. Another balcony completes the upper floor. On the entry level there is a large third bedroom or family room, a third full bath and tile entry all with toe warming inslab heat. Completing this 1,670 square foot home is a large single car garage, perfect for all your mountain toys.

 

Full listing: canmorerealestate.com/featured-listing/1-829-wilson-way/

February 2024 Newsletter

Posted on by Katie OSullivan

A Sense Of Déjà vu As Listing Inventories Stay Low…

As we step into 2024, a sense of déjà vu envelops us. Our February 2023 newsletter headline, “Lack of Inventory Continues: Patience Key for Active Buyers!” remains as relevant today as it did back then. While there’s a slight uptick in active listings, we’re still below the 100-listing mark. Excluding hotel condominiums, our inventory remains virtually unchanged from February 1. 2023. This scarcity poses a challenge for eager buyers, who must either exercise patience or broaden their search horizons.

Canmore’s Unique Position

While the media buzzes about real estate markets across Canada, Canmore stands somewhat isolated. Demand persists from Calgary, Edmonton, and other parts of Alberta, as well as from buyers across the country. However, recent government action has implications for some non Canadians who were looking to buy preowned homes in early 2025. Canada has just extended the ban on foreign nationals buying prebuilt homes until Jan 1st 2027. International buyers eyeing vacation homes or a move to Canmore will feel the impact. The Government has left some choices open, the options that still exist for foreign buyers are:

  1. Buy a Lot and Build: Consider the exquisite villas offered by Rockwood Homes (details below). These are truly a canvas for your dream home.
  2. Silvertip Single Family Homes: Explore lot-and-build opportunities in Silvertip, perfect for crafting a custom single-family home.
  3. Hotel Condominiums: While not for full-time living, these condos offer investment potential and can have some personal use.

If you are interested in any of these options take a minute to check out the links below.

483 Mountain Tranquility Place

411 Mountain Tranquility Place

Stable or Declining Mortgage Rates and Buyer Confidence

Despite global geopolitical and economic fluctuations and the Bank of Canada increasing 475 basis points in 23 months, our local market remains resilient. 5 year Mortgage rates are going down continue to support buyers. Interestingly, past interest rate hikes haven’t affected sale prices in our market. Why? Because the majority of buyers are second-home seekers or retirees who don’t rely on financing.

Delving into January’s sales data, an intriguing pattern emerges. Despite being just one sale short of the 10-year average, the context is more robust than it appears. Why? Because that average includes the two highest sales volumes recorded, both in the immediate post-COVID Januarys.

Analyzing Sale Prices and Ratios

While we exercise caution in dissecting sale prices without a substantial sample size (quarterly or annual averages), certain trends stand out. Notably, the list-to-sale ratio hovers consistently between 96% and 97%. What drives this equilibrium? Two factors come into play:

  1. Seller Strategies: Sellers, facing less competition, often list their properties at higher prices. This strategic move aligns with the market dynamics.
  2. Buyer Behavior: Buyers exhibit patience and at times some assertiveness. They’re willing to negotiate aggressively when a property has been on the market for an extended period of time, contributing to the stable list-to-sale ratio.

Market Dynamics: Months of Inventory

Our market echoes a familiar tune—it remains a seller’s domain. January’s months of inventory stands at 2.88 months, while the 12-month average rests at 3.0 months. Let’s decode what these numbers signify:

  • Seller’s Market: Fewer than 4 months of inventory indicate a seller’s advantage.
  • Balanced Market: Between 4 and 6 months of inventory, equilibrium prevails.
  • Buyer’s Market: Above 6 months of inventory signals favorable conditions for buyers.

The Right Time to Sell

Given the scarcity of inventory, if you’re contemplating selling, seize the moment. Reach out to us for personalized insights and detailed information. We’re here to guide you through this dynamic real estate landscape.

In summary, Canmore’s real estate landscape dances to its own rhythm, distinct from broader Canadian trends. As we embrace 2024, let’s navigate this unique market together.

Learn more about Silvertip and Rockwood Custom Homes by clicking here

 

February 17th, 2024 is Random Acts of Kindness Day!

Have you seen or been part of a random act of kindness? Maybe you helped someone unpack a Uhaul for their new home in -40 in the dark, with the help of your neighbor. Or you got to the drive through window and the car in front had paid for your order ?
💥We want to hear your stories.. Head over to our Facebook or Instagram page. Comment a random act of kindness that you have been apart of or witnessed.💥
 
On Saturday 17th of February at 5pm we will pick one of you at random and we will donate $100 in your name to the Banff Royal LePage Shelter Foundation.🎉🎉

 

 

Silvertip Update

Posted on by Katie OSullivan

May 2024 Update:

2024 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.

Did you know about the Silvertip Market?

Silvertip’s newest location for breakfast, specialty coffees, and a variety of made-to-order sandwiches, Italian-style pizzas, chef-curated salads, and ready-made meals. 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 Update

We are thrilled share the news that the road for Mountain Tranquility is aiming to be completed by mid June. Nestled on the sun-kissed slopes of Bow Valley, Silvertip Resort stands as an oasis of tranquility amidst the breathtaking Rocky Mountains. Just moments from Banff National Park and a short drive from Calgary International Airport, this idyllic escape offers unparalleled accessibility without compromising on serenity. With commanding vistas of Canmore’s charming town below and over 600 acres of pristine wilderness to explore, Silvertip beckons with year-round allure. Whether teeing off on its renowned golf course, traversing scenic trails, or simply soaking in the natural splendor, every moment at Silvertip promises rejuvenation and adventure. Don’t miss your chance to claim your slice of this coveted retreat; limited lots are available.

The Villas at Silvertip by Rockwood Custom Homes

Rockwood Custom Homes is excited to be bringing their exceptional build quality and expertise to Mountain Tranquility Place with The Villas at Silvertip by Rockwood Custom Homes.  This 24 lot exclusive development of remarkable luxury living is an opportunity never seen before in the Canmore market.  The Villas will feature The Three Sisters bungalows and The Peaks two‑storeys. Ranging from 2,900 to 3,800 square feet, respectively, of incredible luxury living. With striking mountain-modern architecture and only the best-in-class finishing and interior design, the Villas are perfect for your mountain getaway or permanent residence in the heart of the Canadian Rockies.

With ground breaking coming in Spring 2024 the opportunity is now to take advantage of this rare opportunity.  With 4 sales and 4 Reservations do not delay in getting your choice of location and build style.  Working with Rockwood’s experienced interior design team, you will customize your residence to showcase your individual style and taste.

Three Sisters Bungalows

Featuring roughly 2,900 square feet of luxury living, Rockwood is offering three unique exteriors of Faith, Charity and Hope. Each of these stunning front walkout bungalows offer iconic mountain‑modern architecture and incredibly designed interiors. Owners will enjoy three bedrooms including a spacious primary retreat, an expansive kitchen with butler’s pantry, rear-covered deck, front deck, walkout patio, and attached garage; plus high-end appliances, extensive custom-designed millwork and beautiful fixturing throughout.

483 Mountain Tranquility Place

 

The Peaks Two Story

Offering a strong sense of architectural tradition, Rockwood is offering two unique exteriors of Lady Macdonald and Grotto. Each of these alpine-inspired residences will offer best-in-class design and craftsmanship for an unparalleled living experience. Owners will enjoy roughly 3,800 square feet of luxury living including a private primary retreat, three junior-primary suites, an expansive kitchen with butler’s pantry, large lower-level flex and media space, spacious exterior patio, and attached garage; plus high-end appliances, extensive custom-designed millwork and beautiful fixturing throughout.

411 Mountain Tranquility Place

Working with Rockwood’s experienced interior design team, you will customize your residence to showcase your individual style and taste.

Mountain Tranquility Place- Stonecreek Resorts

Nestled within the exclusive Silvertip Resort, Mountain Tranquility offers a lifestyle like no other. It’s your opportunity to own the most diverse mountain wilderness experience surrounded by everything that the Silvertip Resort has to offer. Imagine endless opportunities to create lasting memories, all from the comfort of your own home. With only a few homesites remaining, Mountain Tranquility stands as a testament to luxury and exclusivity. It’s not just about owning land; it’s about embracing a lifestyle that’s unparalleled.

SOLD: 401, 108 Armstrong Place, Canmore

Posted on by Katie OSullivan

We are delighted to announce the sale of this home. Congratulations to all parties involved. 

This three bedroom, two and a half bath 1,686 sq ft home is the best of both worlds from the advantages of a detached home along with the benefit of no outdoor maintenance. With recent work and original upgrades this home must be seen. The main level with an abundance of windows features a large open kitchen, living and dining rooms with access to two outdoor decks. The kitchen has stainless steel appliance and eating bar while the living room has a corner fireplace. A powder room completes this level. The second level features an open study/loft area, the primary bedroom with walk in closet, second bedroom and an upgraded three piece bath. The lower level with toe warming inslab heat features a family room, another bedroom, upgraded three piece bath plus laundry and storage. Other features of this home include a nice large entry, single car garage plus an additional parking space and on demand hot water. A terrific location, this home is steps from trails and the park.

Click HERE to see the full listing.

 

January 2024 Newsletter-Year end and our market moving forward, a statistical extravaganza!

Posted on by Katie OSullivan

The beginning of a new year is always exciting.  We both want to wish you a healthy, happy and prosperous 2024! This newsletter is always exciting for us as it is a little more detailed and reflective as we look at where the Canmore real estate market has gone over the past twelve months and how that compares to previous years while also stepping back and looking towards the future of 2024.

The year of 2023 started with the second lowest inventory at the beginning of January. This continued to challenge the buyers in the marketplace with lack of options. Comparing to 2022, the inventory averaged out at the lowest of any year to date.  This is important to note as when buyers do not have options in a recreationally driven market they tend to wait.  The average listing inventory over the year was 111 which was 5% below 2022 and a startling 41% below the 10 year average.

Last year we predicted that the sales for 2023 would land between the 5 year pre-covid 2014-2019 average of 518 properties sold and the 2009-2019 sales volume of 455. Total sales for 2023 fell at 516 at the high end of that prediction but that also included a significant number of new construction hotel condo short term rental units. Looking at 2024 we would expect to see sales numbers between 400 and 450 unless the listing inventory increases which could pull the Canmore market sales to be at close to or above 500 sales.

For pricing year over year, we look at both the average and median prices broken up by market segment into Single Family Homes, Townhome Condos, Apartment Condos and Hotel Condos. I will break the average sale prices of each segment down below.

For Single Family Homes the average increase in the sale prices year over year for the past 10 years was 8.9% with one year having a 7.57% loss and all other years having gains between 0.24% and 38.8%.

For Townhome Condos the average increase in the sale prices year over year for the past 10 years was 7.1% with all years being an increase ranging .9% increase to 29.8% increase year over year.

For Apartment Condos, like Townhome Condos the year over year average sale prices increased each of the last 10 years.  The average was 7.1% with a range from 1.6% to 12.7% year over year.

Lastly, for Hotel Condos we had a year over year increase in average price that ranged from 8.2% to 37.9% with the average being 17.0%.  One note on this segment of the market the two previous years to this data set we saw dramatic decreases in average prices.

We get asked all the time about interest rates and how they affect our market.  This past year we saw many buyers miss out on the market as they expected a dip in prices that never came.  We find interest rate changes like we have seen over the past year does not have a dramatic affect on the recreational purchaser however we do see the affect in the entry level of our market limiting the ability for some buyers to get in.  Now saying that we currently only have 5 properties for sale in Canmore under $650,000 with two of them being conditionally sold.

We do see a lot of media attention talking about the markets slowing down and prices adjusting however Alberta and the Calgary area are widely still expected to stay strong moving into and through 2024.  The 2024 Royal LePage Market Survey Forecast has Calgary seeing a 8% increase in prices through 2024. In Canmore we are expecting to see price increases to be smaller and more balanced with a hopeful increase in listing inventory for buyers to choose from.

As always, if you are wondering about the value of your home, please let us know we are happy to update you on the current market!

 

Click HERE for monthly newsletters.

January 2024- What’s happening this month?

Posted on by Katie OSullivan

January 2024

From Open Mic nights, snow days festival, learning about wild ice and all the other activities, you wont be lacking in options of entertainment this month.

Open Mic Night at artsPlace Canmore!

Friday, January 12, 2024 at 4:00pm – 7:00pm

Calling all local singers and songwriters! Come play at the artsPlace Open Mic Nights hosted by Julie Chang. Entrance by donation; no registration required! Play your original tunes or fav cover songs and take your turn at the mic. Bring your own instruments but be welcome to play the beautiful artsPlace grand piano! Enjoy the artsPlace cabaret set-up and sit with your friends in a cozy cafe-style seating to appreciate the music.

https://artsplacecanmore.com/whats-on/community-events/artsplace-open-mic-nights

HeARTburn: Interactive Art Exhibition

January 4 – February 11, 2024

HeARTburn – the Bow Valley’s Burning Man community – returns to artsPlace with an exhibition of community-sourced artworks; showcasing an eclectic mix of dynamic and interactive art. Following the first principle of Burning Man, ‘Radical Inclusion’, we welcome all to come and participate in the event. This exhibition invites you to express and engage your own creativity! You’ll find artwork that requires your participation and interaction, as well as collaboration with others. Join the heARTburn community at the opening reception on Saturday Jan. 13, featuring live performance and music.

https://artsplacecanmore.com/whats-on/exhibitions/heartburn-interactive-art-exhibition

Snow Days Festival in Banff National Park

Wednesday, January 17, 2024 – Sunday, January 28, 2024

Snow Days Festival in Banff National Park is held for more than 90 years. This is a month of enjoyable winter fiesta. In the festival, the visitors can enjoy various winter sport activities like ice-skating, ice hockey, exhibition of ice statues, theater shows, etc…

List of the events, time table and places are displayed in Banff website.

Wild Ice: Banff Edition

Fri, Jan 19, 1:00 p.m.–Sun, Jan 21, 2:00 p.m.

The lakes of the Canadian Rockies and Banff National Park have garnered worldwide attention as some of the most captivating and stunning locations on the planet for winter photography. Every year, the interplay of light and ice brings a different mix of incredible photo opportunities and turns the surface and shores of the lake into a creative playground. Join two long-time wild ice enthusiasts and Rockies locals, Kris Andres and Kahli April, as we go on a quest for the ultimate ice features, methane bubbles, winter sidelight, snowdrifts, starry skies and rugged skylines! This is a wonderful chance to flex your creative muscles in the heart of the Canadian Rockies.

https://allevents.in/banff/wild-ice-banff-edition/200024343942702

Bear Street Live Entertainment- Banff

Evenings from Friday-Sunday- Jan 19 – Feb 4, 2024

Celebrate the winter season with live entertainment and performances in the heart of Banff! Featuring artists from across Alberta with live music, circus, street performers, stilt walkers, and more! Running Fridays and Saturdays from 4-8pm and Sundays from 1-4pm on Bear Street during SnowDays Festival.

https://www.banfflakelouise.com/events/snowdays/bear-street-live-entertainment

Future Event!!

 

VINEart Gala & Auction

March 24th, 2024- Fairmont Banff Springs

YWCA Banff’s biggest fundraiser of the year, the VINEart Gala and Auction. This highly anticipated event features delicious food and wine pairings, inspiring art and entertainment, and an exceptional live and silent auction! Proceeds from VINEart benefit YWCA Banff’s residential programs including our emergency shelter, transitional housing, affordable housing, and counselling services.

For tickets and to learn more click HERE!

 

Read our January 2023 Newsletter HERE!

 

SOLD- 7 Larch Crescent

Posted on by Katie OSullivan

We are thrilled to announce the sale of 7 Larch Crescent. Thank you to everyone who made this sale possible.

A rare find in quiet Larch, this four plus bedroom 2,006 sq ft home is a true Canmore oasis backing on to the Bow River trail system on a 6,000 sq ft lot. As you step in you are drawn up to the main level that includes an open living room, dining room and kitchen all with vaulted ceilings and hickory plank flooring. The kitchen enjoys upgraded stainless steel appliances, eating bar and lots of storage. Just off the dining room is access to the large deck and huge backyard with a perfect firepit for family and friends to gather around. Completing this level is the primary bedroom, two additional bedrooms and upgraded four piece bath. The lower level with large windows features a family room, bedroom, three piece bath, laundry, gear room and two flex rooms that could be used at your discretion for a home office, sauna, or whatever suites your family. Enjoy the mountain views in and out and treed tranquility of this stunning serene location walking distance to town.

 

See full listing HERE!!

What’s Happening in December 2023

Posted on by Katie OSullivan

Rotary Club Festival of Trees- The Malcolm Hotel

December 1st,2023- December 31st, 2023.

Running December 1 -31, the Rotary Festival of Trees is a community-based holiday celebration with decorated trees, wreaths and special events and activities for the entire family. It is free to view and walk through the forest of trees. Funds raised from the Rotary Festival of Trees will be contributed to The Rotary Club of Canmore’s numerous programs and services which benefit so many within our community and internationally. Read more HERE.

New Year’s Eve Oscars Red Carpet- The Malcolm Hotel

December 31st, 2023- 5pm

New Year’s Eve Oscars Red Carpet Join us on Sunday, December 31st, 2023, to ring in the new year in true Hollywood style.  Full Price list and details of the event HERE.

Canmore New Years Eve Events

  • Ring it in at the rink– Canmore recreation center from 5pm-8pm.free all-ages evening of fun featuring fireside musical performances with local musicians, a DJ dance party, ice skating, crafts, photobooths, and food vendors. The evening will conclude with a pyrotechnics show at 8 p.m. with viewing from the field outside of the Canmore Recreation Centre.
  • Midnight Fireworks-Count down to midnight with us at Millennium Park and say hello to 2024 with an exciting fireworks display. If you plan to make your way over to view the fireworks from Millennium Park, please note that the parking lot is closed to vehicle access beginning on Dec. 30 and will not re-open to vehicle access until Jan. 1, 2024. We encourage all residents to walk or to take Roam public transit to access the downtown on New Year’s Eve.

Banff New Years Eve Events

  • Celebrate in the park-Featuring live music from local and regional artists, such as local favorites Charlie B & Swanee, and headliners The Steadies, a high-energy, four-piece Canadian power band that are sure to get you moving!  Join us for Indigenous dance performances and a tipi display, the Lil Toot train for toddlers, winter activities, and, of course, hot chocolate and fire-roasted marshmallows.  
  • Midnight Pyrotechnics-Count down the last minutes of 2023 and celebrate the arrival of 2023 with low altitude, low noise pyrotechnics. These are family-friendly events so please leave alcohol and cannabis at home.

The 2023 RLP Solution’s Food Drive

We would like to extend a heart felt thank you to everyone who donated, supported and volunteered for the food drive this year. Thus far we have raised an astonishing 11,000lbs of food for the Bow Valley Food Bank. We will continue to accept donations at our offices until the new year. We aim to beat last years donations of 12,000lbs.

CLICK HERE to learn more about about the food drive and donate to the Bow Valley Food Bank.

SOLD-133,13 Aspen Glen, Canmore

Posted on by Katie OSullivan

We  are delighted to announce the sale of 133, 13 Aspen Glen. Congratulations to everyone involved in this transaction.

The stunning mountain views in all directions will have you awestruck. At 2,767sqft and a large renovation just a few years ago you will love being able to move in and enjoy. As you enter this home you are pulled up to the high cathedral ceiling in the large living room with a mammoth wall of south facing windows. With multiple outdoor spaces and windows on 3 sides, you have views everywhere you look. Up a few steps is the dining room along with the modern and bright kitchen that enjoys waterfall stone countertops, lots of storage and top of the line appliances. Upstairs has the large primary bedroom with more views and vaulted ceilings, renovated 5 pce ensuite, 2nd bedroom, 3 pce ensuite, laundry and office area. The lower walkout level has a large family room with even more south facing windows, space for another office plus an area that could also be another bedroom and a renovated 3 pce bath all with in slab heat. Lastly is the heated double car garage and loads of storage.

 

VIEW THE FULL LISTING HERE

SOLD- 303, 150 Stonecreek Road, Canmore

Posted on by Katie OSullivan

We are delighted to announce the sale of 303, 150 Stonecreek Road, Canmore.  Congratulations to all that were involved in this sale.

Enjoy this top of the world premiere penthouse in Pinnacle, the highest elevation of any building in Canmore. This well designed 2,837 sqft single floor home has truly unmatched views inside and out and features a south facing primary balcony & a 2nd balcony accessed by both primary retreats. In the kitchen with stone countertops & walk in pantry, the chef in the family may find it hard to concentrate with the views of Three Sisters each time they look up. These views continue though the dining & living room with a feature gas fireplace. The first primary retreat features a corner gas fireplace, sitting area, walk-in closet & spa-inspired ensuite. The second primary retreat also has a walk-in closet & spa-inspired ensuite. Completing this beautiful plan are 2 more bedrooms or offices with access privilege between them, a three piece bath, large laundry room & a grand entry with a library. Other features include two heated underground parking stalls & a massive storage unit.

 

SEE THE FULL LISTING HERE!!