From Summer to Fall, embracing a steadier rhythm
As summer winds down in the Canadian Rockies, Canmore enters September with a sense of balance. The trails are quieter, golden hues are beginning to dust the larch trees, and the first hints of fall bring cooler mornings. The energy from a bustling summer season, filled with festivals, hiking, biking and vibrant tourism, is now giving way to a steadier rhythm — and the real estate market is reflecting that tone.
August Market Snapshot – 2024 vs. 2025
| Property Type | Listings Sold | Avg. Sale Price | Median Sale Price | Avg. DOM |
| Townhomes | ▼ 15 → 7 | ▼ $1,322,270 → $1,115,000 | ▼ $1,085,000 → $955,000 | ▼ 58 → 26 |
| Apartments | ▲ 5 → 7 | ▼ $836,200 → $818,857 | ▼ $685,000 → $672,000 | ▲ 36 → 48 |
| Duplexes | = 1 | ▼ $1,998,900 → $1,080,000 | ▼ $1,998,900 → $1,080,000 | ▼ 39 → 19 |
| Hotel Condos | ▲ 4 → 9 | ▲ $796,181 → $885,261 | ▲ $803,119 → $871,500 | ▼ 72 → 35 |
| Single-Family Homes | ▼ 7 → 6 | ▼ $2,457,143 → $1,975,833 | ▼ $2,440,000 → $2,136,500 | ▼ 49 → 24 |
Digging into the numbers
Overall
- Very consistent year over year as 2025 only saw 2 less sales compared to 2024.
Townhomes
- Sales volume and prices declined year-over-year, but the average days on market was cut in half, suggesting motivated buyers acting quickly.
Apartments
- Slight increase in sales volume, but prices were relatively flat year-over-year.
Duplexes
- With only one sale each year, trends are anecdotal
Hotel Condos
- This category saw a notable increase with more than double the number of sales and a modest increase in pricing.
Single Family Homes
- Very consistent with just one less sale in 2025 however homes are selling faster than 2024
Canmore Enters the Fall Market
With summer events like the Canmore Folk Festival and Highland Games behind us, September in the Bow Valley brings a quieter charm. Locals and second-home owners take advantage of the shoulder season, while visitors flock in for larch hikes and crisp alpine mornings. This seasonal slowdown often corresponds to buyers becoming more focused, seeking year-end opportunities or hoping to have something for ski season.
Inventory across most categories appears balanced, and well-prepared and well-priced properties can experience swift activity. With interest rates holding steady and continued demand from local Canmore residents along with Alberta and out-of-province buyers, Canmore remains a market of quality over quantity.
Wanting to get out and enjoy some local events? Check out our local events blog here
