Another beautiful property has sold. We would like to thank everyone involved in this transaction.
Mountain views abound in this sprawling 4 bedroom South Canmore like new half duplex. The extensive use of windows from floor to ceiling in this contemporary alpine home capture views from the southern Three Sisters past HaLing to the East end of Rundle. Walking into the great room your eyes dance from the chefs kitchen with stone countertops, Thermador appliances & a walk in pantry to the living/dining & out to the large private south facing view deck. Also on this floor is the primary retreat with spa inspired ensuite, walk in closet & another view deck. Upstairs is a 2nd primary bedroom with ensuite and access to the third view deck. The entry level completes this stunning home with 2 more bedrooms, 2 additional baths along with a family room. Other features include a double car garage with epoxy floor, toe warming inslab heat and a large mudroom. Take this opportunity to be in quiet south Canmore close to the river trails and just a few blocks away from main street.
We are delighted to announce the sale of 202- 56 Lincoln Park. Congratulations to all involved in the sale of this property.
Investor alert, commercial space, ground level access with no one above. This 1,057 sq ft fully finished space is a great investment or place for existing business. Currently this thriving clinic is looking to downsize, giving you a wonderful opportunity to own your own business space, the bright space has easy client access, windows on 3 sides no adjoining walls with other spaces. There is a welcoming lobby area with adjoining admin office, staff kitchen area, 3 treatment rooms or offices ( 2 very large) with potential to create more, plenty of storage and a 2 piece washroom. It has 2 entrances so could be used for different purposes as well. The unit has 2 assigned parking stalls with access to additional available scramble parking. Ideal office for a growing company, physio, massage, or other health care provider, hair and esthetics. Contact your Commercial Associate for a viewing.
With the leaves changing colour and falling we are welcoming the fall market. We have seen some amazing weather and with the return on snow on the mountain peaks fall has arrived and ski season will soon follow.
While the number of sales in July, August and September look very strong they also include 80 sales combined of preconstruction hotel condo units. If we remove those sales 2023 looks quite consistent with an average number of sales per month at 34 and a low in January of 22 and a high in July at 45.
You will hear us speaking of comparing our current market to pre-covid numbers and currently we are very close to 2018 numbers but about 20% lower than sales in 2019. We both feel a large part of this reduction is lack of choice for buyers. The total number of active listings on the market is dramatically less with a 54% less active listings on the market in 2023 compared to 2019. With less choice more buyers are being forced to be patient.
Looking at the Quarterly numbers we continue to see stability in the number of sales with prices increasing over the last few years with the pandemic and increased activity. As we expected last year, the market is starting to see some consistency again with the lack of inventory being the major factor in holding back the number of sales. We do expect that to continue this year while it would make sense to see a balancing of the active listings to move us closer to a balanced market (although we would have quite a way to go to get there)
We are still getting the question on interest rates and still feel that rising interest rates affect a smaller part of the Canmore market than elsewhere but higher interest rates will slow the 1st time buyer and move up local buyer market back down to the long term sales trend line.
Please read through the rest of our newsletter to get the added information on both the Underused Housing Tax Act along with the resent decision by the courts on the future of the Three Sisters Development.
Click here for our newsletter page for the full newsletter including Graphs!
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.
Are you thinking of buying a new home ? Click here!
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.
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!
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.
Nestled amidst the breathtaking Canadian Rockies, Canmore is a picturesque town that exudes natural beauty and charm. While it may be known today as a world-class destination for outdoor enthusiasts and adventure seekers, Canmore has a fascinating history that dates back to its humble beginnings as a mining town. In this blog post, we will embark on a journey through time and delve into the captivating history of Canmore, from its early days as a coal-mining community to its transformation into a vibrant mountain paradise.
Coal Mining Origins
The history of Canmore can be tracked back to the 19th century when coal was discovered in the Bow Valley. The presence of coal in the Canmore area was known to Indigenous peoples long before European settlement. The coal deposits were first explored by European settlers in the late 1800s. The first coal mine in Canmore was established in 1887 by the Canadian Anthracite Coal Company. This led to the opening of several other mines including the Bankhead mine located northwest of Canmore. The opening of these mines attracted a wave of miners seeking employment, which evolved Canmore into a thriving mining community.
Life in the mining town
During its mining heyday, Canmore bustled with activity. The town was a close-knit community where miners and their families worked and lived together. Company houses, schools, and other amenities were established to cater to the growing population. The town’s rich multicultural fabric reflected the diverse backgrounds of its residents, who hailed from various parts of the world, including Scotland, Wales, Italy, and Eastern Europe.
The role of the Canmore mines
The opening of mines in Canmore was pivotal to the economy and population of the town as we know it today. The coal extracted from the mines was renowned for it’s exceptional quality. Anthracite is a hard and lustrous coal, and while difficult to ignite, it burns hot and with little smoke, making it ideal for generating steam. The coal extracted from the mines fueled the development of near by towns and was crucial for the expanding railway system. (rmoutlook.com)
Closure of the mines
Following the decline in demand for coal in the 20th century, the Canmore mines faced major challenges. After being bought and sold by numerous companies the last mine was closed in 1979. Leaving a town of people unemployed. Not a mining town anymore, Canmore went through a major transformation. The natural beauty surrounding the location of Canmore made it a desirable place for people to live and visit. This awe-inspiring landscape has transformed Canmore into an exhilarating playground, where adventure knows no bounds and the spirit of exploration thrives. With each summit reaching higher, the allure of this outdoor haven grows stronger, captivating the hearts and souls of those seeking to immerse themselves in the untamed beauty of nature’s grandest spectacle.
Winter Olympics
The winter months bring copious amounts of snow to Canmore and in 1988, Canmore hosted the Winter Olympics. This world tuned in to observe the best biathletes and skiers perform in the quaintness of Canmore, resulting in many being awestruck by its beauty. This publicity from the Olympics put Canmore on the map for wanderlust enthusiasts and trailblazers leading to increased visitors. The town had re-established itself as a top travel destination, once again becoming a prosperous desirable location for people to live, work and thrive.
Modern Canmore
Today, Canmore is a vibrant and thriving community that seamlessly blends its rich heritage with a modern mountain-town lifestyle. Its charming downtown area is adorned with boutique shops, art galleries, and restaurants, attracting both locals and tourists. The town continues to embrace its natural surroundings, offering a wide range of outdoor activities, including hiking, mountain biking, skiing, and climbing.
Canmore’s history is a testament to the resilience and adaptability of its community. From its humble beginnings as a coal-mining town to its transformation into a world-renowned tourist destination, Canmore has evolved while retaining its unique character and natural beauty. Exploring the town’s history allows us to appreciate the journey it has undertaken and the people who have shaped it into the beloved mountain paradise it is today.
Thinking of visiting Canmore? Click Here to learn about things to do in the area.
Living in the mountains means you have a multitude of equipment for all your adventures. This amassment of belongings can result in a cluttered space. The change of winter to summer is the perfect time to declutter and organize.
Maintaining an organized home is essential for creating a peaceful and functional living space. A well-organized house not only enhances productivity and reduces stress but also saves time and promotes a sense of well-being. While the task may seem overwhelming, with a few practical strategies and habits, you can transform your home into an oasis of orderliness. In this blog post, we will explore some effective tips and techniques to keep your house organized and clutter-free.
The most beneficial time to de clutter and organize is when you are doing your seasonal gear swap over. Put the skis, snowboards, and ice skates away and get your bike, canoes and hiking shoes dusted off for another season of fun and adventure. Use some of these simple but effective tips and kick start yourself into a stress free, fun loving summer.
Declutter and Simplify: The first step towards an organized home is decluttering. Start by sorting through your belongings and getting rid of items you no longer use or need. Donate or sell things that are in good condition but serve no purpose in your life. Remember, less is more, and simplifying your possessions will make organizing a breeze.
Establish a Routine: Maintaining a consistent routine is crucial for keeping your house organized. Set aside specific times for tidying up each room, doing laundry, and cleaning. By following a routine, you prevent clutter from accumulating and maintain a clean environment effortlessly.
Embrace Smart Storage Solutions: Investing in practical storage solutions is a game-changer when it comes to organizing your house. Utilize storage containers, baskets, bins, and shelves to store items neatly and efficiently. Labeling containers will make it easier to find things when needed and ensure they are returned to their designated spots. The Rubbermaid stackable bins are great for getting all your belonging organized.
One In, One Out Rule: Adopt the “one in, one out” ruleto prevent unnecessary accumulation of belongings. Whenever you purchase a new item, make a conscious effort to remove a similar item to maintain balance. This practice not only helps control clutter but also encourages mindful consumption.
Create Zones: Designate specific areas or zones for different activities within your home. For example, create a reading nook, a workspace, and a play area for children. Having dedicated zones makes it easier to keep things organized and prevents clutter from spreading throughout the house.
Daily Maintenance: Incorporate daily maintenance habits into your routine to keep your home tidy. Simple tasks like making your bed, doing the dishes, and putting away items after use make a significant difference. By taking care of small tasks regularly, you avoid accumulation and maintain a clutter-free environment.
Digital Organization: In today’s digital age, keeping your virtual spaces organized is just as important as physical spaces. Regularly declutter your digital files, delete unnecessary emails, and organize documents into folders. Utilize productivity apps and digital calendars to stay on top of tasks and appointments.
Involve the Whole Family: Keeping a house organized is a collective effort. Involve your family members in the organization process and assign age-appropriate responsibilities. Teach children the importance of tidiness and establish organizing habits from a young age. By sharing the workload, you create a sense of ownership and foster an organized household.
Maintaining an organized home is an ongoing process, but the benefits far outweigh the effort involved. By decluttering, establishing routines, embracing smart storage solutions, and involving your family, you can create an organized haven that promotes a peaceful and stress-free lifestyle. Remember, an organized home is not only visually appealing but also enhances your overall well-being. If you start implementing even just one of these tips today you will enjoy the rewards of a clutter-free and organized living space instantly.
Read more useful blogs about mountain living HERE.
Summer starts with a continuation of low inventory and high demand!
As we enter the month of June, we are all just wowed by the spectacular weather which has allowed all of us such a great opportunity to jump right into all the outdoor fun that our Bow Valley affords. I was out for a run the other day and ran past happy hikers, excited mountain bikers and wrapped up with the quiet paddle strokes of paddleboarders and a couple in a canoe. Are we ever lucky to call this home.
April and May sales volume was comparable to the sales volumes we saw before 2016. We do attribute this to the incredibly low inventory. Since we have been keeping local statistics in the early 2000’s, the average listing inventory is more than double that of our current 106 listings on the market. When we note that almost 20% of these present listings are Hotel Condos (that did not exist back when we started) it does explain why many buyers are in a holding pattern waiting for the right home to become available. Sales volume is still down from the last few years and is more in line with 2015. With this in mind we are expecting to see steady sales volume but could increase when our inventory grows.
Now is still a great time to get your property on the market if that is something you are considering. As always, we are happy to update you on where your property may sit in this new market to see if the time is right.
Lastly, we are never too busy for your referrals, we absolutely love helping friends and family of our past and current clients.
