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.
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.
Apr 17 (6:30pm) – Apr 27 (10:00pm)-Canmore Minors’ Union Hall
Pine Tree Players is pleased to present Little Shop of Horrors by Howard Ashman and Alan Menken, directed by Cheryl Naylor, with vocal director Nicole Kowalewski and band director Ryan Stelter. A deviously delicious Broadway and Hollywood sci-fi smash musical comedy, Little Shop Of Horrors has devoured the hearts of theatre goers for over 40 years.
Join us for a Cocktail Class based on Sour Cocktails and variations of this popular classic. You will learn how to craft classic sour cocktails using egg whites and effective alternative options for creating a beautiful foam. Learn the history of this style, compete in a shake off and leave with the knowledge of how to create these cocktails, at home like a pro.
Class includes:
A two hour guided and interactive class with our mixology team
3 x Cocktails
10% off spirits and cocktail tools
Please arrive by 7pm sharp so the class can start on time.
Mark Saturday, April 20th on your calendars! To coincide with bears’ emergence from their winter dens, Alberta Parks and WildSmart are once again hosting Bear Day at Canmore Nordic Centre Provincial Park’s Day Lodge. This event is a celebration and welcoming of bears back on the landscape for another year. It’s a great opportunity to learn more about the bears in our area and to refresh your bear safety knowledge and skills so you are prepared for the upcoming season and are bear aware.
The Rocky Mountain Soap Women’s Run & Walk was originally started in 2008 with 600 participants, and has since grown to attract over 3,200 women for an active weekend getaway. A highlight of the season for many runners, this event has historically sold out within the first month of registration being opened!
Welcome Spring: A Season of Renewal and Real Estate Opportunities
As we bid farewell to winter, the vibrant spirit of spring is upon us. The melting snow unveils smiling faces eager for outdoor adventures, from mountain biking to trail running. The community’s enthusiasm is palpable, with many embracing the sunny days for running and cycling and excitement for trails drying out for mountain biking, hiking and trail running.
Quarterly Market Update: A Glimpse into Canmore’s Real Estate Dynamics
With the first quarter behind us, it’s time to examine the larger picture of our real estate market. Despite a familiar refrain post-lockdown, we’re still navigating through a period marked by scarce inventory. Yet, historical patterns suggest a potential increase in listings as the year progresses, with a typical downturn as we approach winter.
Market Insights: Understanding Months of Inventory
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.
Pricing Trends: A Closer Look at Property Values
The initial quarter of 2024 has seen slight price adjustments. Townhomes and apartments have witnessed modest decreases, while single-family homes and hotel condos have experienced price escalations. For tailored advice on how these trends impact your property interests, our team is here to provide expert guidance.
Your Trusted Real Estate Partners
Thank you for entrusting us with your real estate needs in Canmore/Banff. If you or someone you know is considering buying or selling, we’re ready to assist. Your referrals are the greatest compliment to our dedicated service.
Another beautiful property sold. Best wishes to everyone involved in this transaction.!
This 3,695sqft well cared for home backs onto a treed reserve on the quiet Cul-de-Sac of Benchlands Terrace. The open great room has floor to ceiling low E windows that make you believe that you can almost reach out & touch the panorama of mountain peaks. The gourmet kitchen with stainless appliances, Brazilian Slate countertops & eating bar walks out to the rear patio, hot tub & yard. The open living & dining are bathed in sunlight during the day or at night you can curl up by the Rundlestone fireplace. This main level also has a spacious bedroom for those wishing to avoid stairs, 4 pce bath that is shared by a 4th bedroom/office, laundry & large sunny front view deck. The top floor loft has great light & views plus the large primary retreat & ensuite. The entry level has a grand foyer, family room with wet bar, patio, 4 pce bath, rough in for sauna, bedroom plus high eff furnaces, in floor heat & a double car garage. A fabulous home in one of Canmore premiere neighborhoods.
We are thrilled to announce the sale of 5 Blue Grouse Ridge, Canmore. Congratulations to everyone involved in this transaction.
This 4+ bedroom 4,031 sqft home in tranquil Blue Grouse Ridge captures panoramic mountain views from Three Sisters down the Rundle Range. The generous foyer flows into the open Great room all with custom log features and brilliant maple flooring. The living room has a corner River stone wood burning fireplace, vaulted ceilings and great views of Ha-Ling Mount Rundle that steps out to the sunny southwest facing deck and hot tub, all with access to the rear yard. The spacious kitchen is perfectly laid out with abundant windows, workspace, storage, and island. Also on this main level is the spacious dining area that enjoys the same sweeping mountain views, kitchen pantry, half bath, an office or potential 5 bedroom and mud room with access to the double car garage. Don’t miss the elevator that accesses all floors including the garage. On the 2nd floor is the primary retreat with vaulted ceiling + a spa like 6 pcs ensuite with heated floors, jetted tub, and double sink plus another bedroom, 4 piece bath and sunbathed loft family room and separate office area. The lower level has another family room, wet bar, 3rd, and 4th bedroom, 4 piece bath, storage and mechanical room all with inslab heat. Other features and some upgrades are A/C, Generac generator, new shingles, pls ask for the entire list.
Full Listing: canmorerealestate.com/featured-listing/5-blue-grouse-ridge/
