Best time to buy a home in Canmore?

One of the most frequent questions we get asked by prospective buyers in Canmore is: when is it a good time to buy?  The truth is that there is no easy answer to this, and it often comes down to the needs and motives of each buyer.  The market does fluctuate and there are some more favourable times.  Canmore’s real estate market does not follow the typical seasonal trends of most areas, and as such it can be hard to predict for those coming into town and wanting to buy a property but avoid certain aspects of a seller’s market.  Using an experienced Canmore real estate agent can help buyers navigate supply and demand.

Buying to live in Canmore

If you’re looking to make the Bow Valley your permanent home, there…

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January-March Home Sales by the Numbers: 

 

2017

2018

2019

Hotel Condo 21 18 9
Condo 26  20 20
Townhouse 26  19 13
Half-Duplex 4 4 11
Single Family 22 15 8
Building Lots 4 5 0

TOTAL

103

81

61

Summary

Home sales in Canmore got off to a slow start in 2019 with a 25% reduction in the number of residential real estate transactions*.  The Canadian Real Estate Association released a report in March explaining that nearly 75% of local markets nationwide are experiencing similar numbers.  Month-over-month decline is the largest since the federal government introduced the new…

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