Want in on the Canmore condo craze?

There has been a lot of talk around town lately, and in the news in general, regarding the use of Canmore condos for nightly rentals as an excellent source of income.  Websites such as AirBnB and VRBO.com have made it incredibly easy for property owners to market their homes for rent and for travellers to find accommodations outside of the typical hotel/motel environment.  Much like the Uber ride-sharing movement, homeowners are able to market their properties for rent at a lower cost than hotels who have to pay for the employment of service staff, cleaning and maintenance personnel and have other expenses such as human resources, marketing and advertising. 

The Town of Canmore manages the flow of these nightly…

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What happened in the Canmore real estate market in October 2017?

As is normally the case, real estate sales stayed strong into the fall season and October marks the first month this year where the number of properties sold exceeds the number sold in 2016.  Every other month so far this year has produced fewer sales than the previous year but 58 homes sold this past month which, represents roughly 9% more than the 53 properties that traded in October 2016.  Sales of luxury properties continued to gain momentum this month with 2 sales of properties valued at more than $2 million. 

529 Silvertip Pointe Canmore

529 Silvertip Pointe was on the market for well over 2 years and was originally listed at $3,590,000 in June of 2015.  This stately mountain abode measures an impressive…

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