The Canmore real estate market has been sizzling hot this summer! The number of sales in Canmore and the surrounding communities set a record high in July and boasted a significant sales increase from July 2019. The real estate market continued to be strong and active through August with sales once again outpacing the same month last year.
Pent up demand, low interest rates, high visitation, and the effects of COVID-19 have fuelled the market. New types of buyers are emerging due to COVID-19; some have learned they have the ability to work from anywhere and are no longer required to visit an office, choosing to move permanently to Canmore while others are cashing out of the U.S real estate market and selecting a second home in Canmore to avoid border travel logistics and other issues. Others are expediting their planned move to Canmore or are choosing to move to Canmore to not only enjoy all the Bow Valley offers but to leave areas of high density for a smaller community.
If you wish to discuss current market conditions, buying or selling a home, investment opportunities, new home builds, or have any real estate questions, please contact me. I would love to assist you or your family and friends with real estate in Canmore, Banff, and the surrounding communities!