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CANMORE & BANFF EVENTS & RESOURCES

 

Our Junior A Hockey Club, the Canmore Eagles, are back in action! Enjoy a ghoulish time at Fright House every weekend in October, if you dare! Enjoy Halloween by attending a murder mystery dinner theatre event at the Fairmont Banff Springs or catch a ghost walk tour of one of our mountain towns. Check out the live music, events, performances, exhibitions, screenings, and more offered by the Canmore and Banff businesses and organizations below.

Town of Canmore COVID-19 Information & Resources

Canmore Webcams

Canmore Banff Ghost Walks

Fright House Mînî Thnî
October 7 – 31

Tunes for Tails
October 22

Trunk or Treat at The Malcolm Hotel
October 29

Great Pumpkin Carving Contest
October 30

Canmore Eagles

artsPlace
Movies, live comedy, exhibitions, classes, workshops, and more.

Grizzly Mountain Events
Multisport events including ultra marathons, open water swims, sup races, fun runs, and more.

Canmore Museum

Canmore Golf & Curling Club

Blake Restaurant, Brewhouse & Distillery
Tours, tastings, live music, events, and more.

Canmore Brewing Company Tasting Room & Tours
Tours, tastings, live music, events, and more.

Grizzly Paw Brewing Company
Tours, tastings, live music, events, and more.

Sheepdog Brewing
Tours, tastings, live music, events, and more.

Wild Life Distillery
Tours, tastings, live music, events, and more.

Bow Valley Primary Care Network
Exercise, parenting, nutrition, sleep, pain management, mental health classes, and more.

Town of Banff COVID-19 Information & Resources

Town of Banff Calendar of Events

Banff and Lake Louise Webcams

Banff and Lake Louise Virtual 360 Tours

Banff Canmore Ghost Walks

A Menu for Murder Dinner Theatre
October 22 & 29

Banff Centre
Events, exhibitions, screenings, classes, and more.

Whyte Museum

Banff Sunshine Village Ski & Snowboard Resort

Lake Louise Ski Resort

Mt. Norquay Ski Resort

REAL ESTATE MARKET UPDATE

 

As expected, real estate activity declined through July and particularly August which is typical of the seasonal slow down that tends to occur during the summer. September activity and sales are on par with what we normally see with the start of the fall market.

Although the Canmore real estate market frenzy has come to an end, there continues to be a solid volume and pace of sales. With under 120 active listings, inventory is still well below what is considered a balanced market. Listing activity will increase through the fall but will absorb quickly if sellers price their home accurately. With the market experiencing a more balanced pace of sales, skillful pricing of a listing will be key in attracting buyers and ensuring a quick sale.

Prices have softened in the odd area of the market since the frenzy earlier this year but overall are well above Canmore real estate prices prior to Covid. Short term rental market prices have softened to a degree due to buyer fatigue and rising interest rates. However, this may be brief due to the fact that revenues are increasing on these properties as tourism returns with a fury. In contrast, luxury property sales have not only risen but are also setting record sale prices.

Through autumn we expect steady sales and prices with no signs of Canmore real estate moving from a seller’s market.

If you are considering selling your mountain home or property or would like to enter the Canmore market, please reach out to our team. Barry and Jack have a wealth of knowledge and experience and will assist you in formulating a smart plan to make your maneuver in the Canmore market.

NEW CANMORE REAL ESTATE PROJECTS COMING SOON

 

There are a host of new, exciting, and quality real estate projects coming to Canmore. The projects in development will consist of affordable full-time living, luxury visitor accommodation in a premium location, new commercial space available to own or lease, and more. Further details about these new projects will be released via my website and my newsletters over the next few months and in the new year. Stay tuned!

CANMORE & BANFF EVENTS & RESOURCES

 

There are exciting events taking place this month and next in Canmore and Banff including art, craft, food, fitness, and pride festivals! The Banff Farmer’s Market and Canmore Mountain Market will operate a few more weeks to bring you amazing, locally made food and products. Check out the live music, events, performances, exhibitions, screenings, and more offered by the Canmore and Banff businesses and organizations below.

Town of Canmore COVID-19 Information & Resources

Canmore Webcams

Canmore Mountain Market 
Thursdays, May 26 – October

Canmore Pride Festival
September 15 – 18

Canmore Festival of Art & Creativity
September 16 – 24

Canadian Rockies Quilt Show
September 24 – 25

Canmore Uncorked
September 29 – October 8

Grizzly Ultra Marathon & Relay
October 8 – 9

Blake Restaurant, Brewhouse & Distillery
Tours, tastings, live music, events, and more.

Canmore Brewing Company Tasting Room & Tours
Tours, tastings, live music, events, and more.

Grizzly Paw Brewing Company
Tours, tastings, live music, events, and more.

Sheepdog Brewing
Tours, tastings, live music, events, and more.

Wild Life Distillery
Tours, tastings, live music, events, and more.

artsPlace
Movies, live comedy, exhibitions, classes, workshops, and more.

Grizzly Mountain Events
Multisport events including ultra marathons, open water swims, sup races, fun runs, and more.

Canmore Museum

Canmore Golf & Curling Club

Silvertip Golf Resort

Stewart Creek Golf & Country Club

Bow Valley Primary Care Network
Exercise, parenting, nutrition, sleep, pain management, mental health classes, and more.

Town of Banff COVID-19 Information & Resources

Town of Banff Calendar of Events

Banff and Lake Louise Webcams

Banff and Lake Louise Virtual 360 Tours

Banff Farmer’s Market 
Wednesdays, May 25 – September 28

Terry Fox Run
September 18

Melissa’s Road Race
September 24

Banff Pride
September 30 – October 10

Banff Centre
Events, exhibitions, screenings, classes, and more.

Whyte Museum

Banff Springs Golf Course

Banff Sunshine Village Ski & Snowboard Resort

Lake Louise Ski Resort

Mt. Norquay Ski Resort

REAL ESTATE MARKET UPDATE

 

Although the Canmore real estate market frenzy has come to an end, May and the beginning of June still show strong sales and steady prices. Even with the solid volume and pace of sales, there has been a down shift in the Canmore market over the last month. This is due to buyer fatigue and the seasonal slow down that tends to occur at this time of year. The more balanced pace of sales has allowed for listings to come to and remain on the market. There are currently just over 90 active listings in Canmore which is up significantly from previous months but still remains well under what is considered a balanced market.

The further increases in interest rates has had little effect on the Bow Valley real estate market. The interest rate hikes returned percentages to pre-pandemic numbers and when compared to historical data reveals that interest rates still remain low. Most buyers purchasing in the Bow Valley are in a strong equity position thus the interest rate hikes has had little impact on sales. Those requiring a mortgage are still securing low interest rates.

Through summer we expect steady sales and prices with no signs of Canmore real estate moving from a seller’s market. Once the public returns from summer holidays come September, real estate transactions will be on the rise.

If you are considering selling your mountain home or property or would like to enter the Canmore market, please reach out to our team. Barry and Jack have a wealth of knowledge and experience and will assist you in formulating a smart plan to make your maneuver in this challenging market.

NEW CANMORE REAL ESTATE PROJECTS COMING SOON

 

There are a host of new, exciting, and quality real estate projects coming to Canmore. The projects in development will consist of affordable full-time living, luxury visitor accommodation in a premium location, new commercial space available to own or lease, and more. Further details about these new projects will be released via my website and my next newsletter on September 15th. Stay tuned!

YOUR GUIDE TO VISITING THE MOUNTAINS THIS SUMMER

 

Visiting Canmore, Kananaskis, and Banff National Park in the summer is nothing short of spectacular! To help you plan for a smooth and amazing mountain adventure, check out Your Guide to Visiting the Mountains This Summer. Receive parking, wildlife, and other tips and find a list of things to do and places to stay and dine! Enjoy your mountain summer getaway!

CANMORE & BANFF EVENTS & RESOURCES

 

Celebrate Canada Day in Canmore and Banff with parades, a pancake breakfast, live music, family fun run and walk, marching band field show, markets, fireworks, and much more! Explore Canmore’s hidden historical, architectural, and cultural gems during Canmore’s new Heritage Festival in July. The Canmore Folk Music Festival returns this summer with a stellar musical lineup. The Banff Farmer’s Market and Canmore Mountain Market operate all summer to bring you amazing, locally made food and products. Check out the live music, events, performances, exhibitions, screenings, and more offered by the Canmore and Banff businesses and organizations below.

Town of Canmore COVID-19 Information & Resources

Canmore Webcams

Canmore Mountain Market 
Thursdays, May 26 – October

Canada Day in Canmore
July 1

Canada Day Family Fun Run & Walk
July 1

Canmore Heritage Festival
July 21 – 24

Canmore Folk Music Festival
July 30 – August 1

Canmore Highland Games
September 3 – 4

Blake Restaurant, Brewhouse & Distillery
Tours, tastings, live music, events, and more.

Canmore Brewing Company Tasting Room & Tours
Tours, tastings, live music, events, and more.

Grizzly Paw Brewing Company
Tours, tastings, live music, events, and more.

Sheepdog Brewing
Tours, tastings, live music, events, and more.

Wild Life Distillery
Tours, tastings, live music, events, and more.

artsPlace
Movies, live comedy, exhibitions, classes, workshops, and more.

Grizzly Mountain Events
Multisport events including ultra marathons, open water swims, sup races, fun runs, and more.

Canmore Museum

Canmore Golf & Curling Club

Silvertip Golf Resort

Stewart Creek Golf & Country Club

Bow Valley Primary Care Network
Exercise, parenting, nutrition, sleep, pain management, mental health classes, and more.

Town of Banff COVID-19 Information & Resources

Banff and Lake Louise Webcams

Banff and Lake Louise Virtual 360 Tours

Banff Farmer’s Market 
Wednesdays, May 25 – September

National Indigenous Peoples Day
June 21

Canada Day in Banff
July 1

Banff Centre
Events, exhibitions, screenings, classes, and more.

Whyte Museum

Banff Springs Golf Course

Banff Sunshine Village Ski & Snowboard Resort

Lake Louise Ski Resort

Mt. Norquay Ski Resort

REAL ESTATE MARKET UPDATE

 

The Canmore real estate market continues to experience low inventory, high demand, and price increases although the pace of sales has slowed to a small degree. The slight decrease in sales activity may be due to lack of inventory and/or buyer fatigue. Some buyers have chosen not to engage in multiple offer situations and have taken a step back from the frenzied climate. Regardless, Canmore remains in a seller’s market with no signs of moving.

The recent rise in interest rates has had little effect on the Bow Valley real estate market. The interest rate hike returned percentages to pre-pandemic numbers and when compared to historical data reveals that interest rates still remain low. Most buyers purchasing in the Bow Valley are in a strong equity position thus the interest rate hike has had little impact on sales. Those requiring a mortgage are still securing low interest rates.

The Town of Canmore has raised property taxes for non-residential tourist homes to align with the tax of commercial businesses. The more than 600 tourist homes in town will see their rates adjust to 3.1 times the residential rate or approximately $200 per year. Most of these tourist homes are utilized as short-term rentals, essentially a business, which justifies the tax increase. The changes will appear on the next cycle of tax bills.

If you are considering selling your mountain home or property or would like to enter the Canmore market, please reach out to our team. Barry and Jack have a wealth of knowledge and experience and will assist you in formulating a smart plan to make your maneuver in this challenging market.