What happened in the Canmore Real Estate Market in September 2017?
The trend that is developing, yet again, this past month is a slight cooling in sales from the 2016 numbers. But does this mean that the Canmore real estate market is now experiencing a downturn? Not quite! On the contrary, this seems to be indicating more of a return to 2014-2015 levels. This implies that 2016 was, in fact, a unique “micro-bubble” year.
Another trend that is starting to develop is the movement away from single-family dwellings and towards Canmore condos and, in particular, townhouses. A good explanation for this is that land availability has long been an issue in the Bow Valley, and townhouses – especially new townhouse developments in Three Sister's…
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