November Newsletter 2024

November, Winter Fun and Food Drive Preparations!

As we step into November, the Bow Valley is buzzing with excitement! We're thrilled to announce that the 32nd Annual Food Bank Drive is just around the corner. It's heartwarming to remember that Brad was one of the original organizers of this incredible event. Since Drew joined the team in 1998, he's seen firsthand just how vital this event is for our community. We are absolutely delighted to be a part of it once again! Check out the details and volunteer sign-up sheet below in the newsletter. Your help makes all the difference!

Ski hill updates

With Frozen Thunder now open at the Canmore Nordic Centre and our beloved local ski hills—Lake Louise, Sunshine, and Mount Norquay—all set to open this week, the air is electric! We're seeing so many people getting their skis and snowboards tuned up and proudly strolling down the street with brand-new gear. The anticipation is contagious!

Real Estate Market

In the real estate market, October 2024 was a standout month with a 23% increase in sales compared to October 2023. While this jump is impressive, 2024 has been more stable overall, without the dramatic peaks and valleys of the previous year. Year-to-date figures are steady, with just a 1.4% variation year over year. The close list-to-sale ratio highlights the consistency we've enjoyed, something we have not seen in many years.

Notable changes

The only notable change is a 10% increase in the average days on the market (around 5 extra days per sold property on average). This is likely due to a 25% rise in our listing inventory for 2024 compared to 2023. Despite this, our market is still in need of more inventory, as we are 32% below the five-year pre-COVID average.

Food Drive

As mentioned above, and with more details below, the Royal LePage Food Bank Drive is happening on Wednesday, December 4th. This is our biggest request of the year, and we need your help for just a few hours in the evening. We are happy to pick up any donations, whether non-perishable food or monetary contributions. Let's come together and make this year's drive the best one yet!

Volunteer and learn more about our food drive HERE