Banff Real Estate

Thinking of buying a home in Banff, Alberta?  As it is located in Banff National Park, residents must meet the eligibility requirements set out by Canada's national park system  - primarily the "Need to Reside" clause which, states that: Residency is restricted to occupants whose primary employment is within the grounds of the national park OR an individual who owns a business in the Park and whose presence is required for its day to day operations. Residents who are retired must have lived and worked in Banff for a period of 5 years prior to their retirement.  Click here for the official residency requirements page from Parks Canada.

Banff MLS® Listings:

301 Buffalo St, Banff, Alberta - $5,911,000

Single Family, Leasehold

• 6 Beds
• 7 Baths
• 4,905 SQFT

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An Oasis Along The Bow River In Banff; Once A Generation A Home Of This Significance Becomes Available In Canada's First National Park. The Grandeur Of The Canadian Rockies Is Embodied Throughout This Private Mountain Estate. Upon Entering Through...

SOTHEBY'S INTERNATIONAL REALTY CANADA

REDUCED

425 Muskrat St, Banff, Alberta - $2,940,000

Vacant Land, Leasehold

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Located On A High Point Along Muskrat Street With Views Overlooking The Iconic Banff Avenue And Mountains To The West, This Parcel Presents A Very Unique Development Opportunity In Canada's First National Park. The Lot Rises Up From Muskrat Street...

SOTHEBY'S INTERNATIONAL REALTY CANADA

4 Cascade Court, Banff, Alberta - $2,877,000

Single Family, Leasehold

• 4 Beds
• 3 Baths
• 4,658 SQFT

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Over 4717 Sq Ft. In This Fantastic Executive Home Just Steps Away From The Banff Springs Hotel, With Incredible Mountain Views And Amazing Finishing Inside. This Stunning Property Sits On Two Lots, Located In A Quiet Cul-de-sac. This Home Boasts A...

CASCADE REALTY SERVICES

3 Rabbit Street, Banff, Alberta - $2,370,000

Multi-family, Leasehold

• 1 Bed
• 1 Bath
• 4,300 SQFT

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Six-plex 5 - 2 Bedroom Units 1- 1 Bedroom Unit (id:6289)

CASCADE REALTY SERVICES

216 & 218 Muskrat Street, Banff, Alberta - $2,300,000

Vacant Land

• 960 SQFT

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Banff Development Site Consisting Of 2 Adjacent Down Town Lots Both 40 X 130 With Alley Access. Permitted Uses Are Apartment Housing, (rental Or Condo), 4 Plex + Stacked Row Housing. The Site Is 10,441 Sq Ft And Using A Floor Area Ratio Of 1.3 The...

ROYAL LEPAGE ROCKY MOUNTAIN REALTY

216 & 218 Muskrat Street, Banff, Alberta - $2,300,000

Single Family, Leasehold

• 3 Beds
• 2 Baths
• 960 SQFT

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Banff Development Site Consisting Of 2 Adjacent Down Town Lots Both 40 X 130 With Alley Access. Permitted Uses Are Apartment Housing, (rental Or Condo), 4 Plex + Stacked Row Housing. The Site Is 10,441 Sq Ft And Using A Floor Area Ratio Of 1.3 The...

ROYAL LEPAGE ROCKY MOUNTAIN REALTY

The Banff Real Estate Market

 Since 1996 over 4 million visitors have flocked to Banff each and every year, and with 2017 marking Canada's 150th birthday the numbers were record setting.  The Town keeps track of vehicle entry in to the park and considers 24,000 vehicles per day to be over-congested.  This year, Canada Day weekend saw over 30,000 vehicles per day into the park and Sunday, July 2 set the all-time record at 34,275.  The most recent statistics report a population of 7851 permanent residents living in 2729 private residences. 

Historical sales statistics in Banff are somewhat unreliable due to the very small amount of properties that trade on the market each year.  Determining market value is complicated because there are few examples to refer to and oftentimes sellers tend to value their properties more sentimentally and subjectively.  In 2016 only 15 properties changed owners on the Banff real estate market.  Below is a list of each property that sold in 2016:

 Condos for sale in Banff represent the largest segment of the market in town with 6 sales of properties and an average sale price of $386,300.  Not surprisingly, with so few properties trading on the market the Average Days on Market for these condos that sold was 26 days.