Canmore
Canmore is a town located in the Rocky Mountains of Alberta, Canada. Famous for outdoor activities, wildlife, and scenery, this city has been a famous vacation center for the past thirty years. Other Canadian cities are better for a short stay but if you want to settle in permanently then Canmore is the best choice.
Because of the wonderful beauty of the city, the price of living in Canmore is less than in many other Canadian cities. Here the cost of living is less than the national average cost of living. There are many beautiful houses for sale available in the city at reasonable rates.
Market Condition of Canmore
The many housing properties mostly hit the real estate market during the months from May to August making it a prime buying season but the locals may also consider themselves in the competition with the pool of international buyers. It is still a good time of the year to secure but the local buyers want to be ready to let one go if any of them find themselves in the multiple offers.
Due to current situations due to COVID-19, the houses in the city are a little bit expensive. The rates of houses depend on their supply and demands. But the amazing fact is that you can still buy it at a reasonable price. The economy of Canmore has also been affected. To compensate then the interest rates at housing properties are increased to level up the economy.
Is the housing market of Canmore affordable?
Housing d properties in Canmore are very affordable. According to the most recent real estate statistics, there are almost 83 active properties available for sale in the city. The active average asking price of these housing properties is $1,200,017.
The highest-priced housing property in the city is $12,000,000. Research on the sales history of Canmore includes attached homes, single-family detached homes, townhomes, and condominiums. The condominiums are at the most reasonable prices. Currently, 17 houses, 45 apartments, 14 townhomes, and 6 land properties are available for sale. From 2019 to 2020 prices have increased up to 11%. But there is a drop in median housing price up to 22 % in 2021.
Houses range from $100k to $300k for sale in Canmore
Canmore offers you a number of different houses within a range from $100 to $300. The houses of different architectural styles enhance the aesthetic beauty of the city. The most common ones are attached, detached, townhomes and condominiums. Out of these, the condominiums are the most affordable.
These houses are available for sale in different areas of the city. There are a number of examples. Here I can give you some examples. A three-bed and two-bath bungalow is available for sale in Menock road, Canmore. It is an impressive detached bungalow with bright walls. The price of this bungalow is just $300k.
Likewise, a four-bedroom and three-bath semi-detached house located at brown side road, Canmore. This is an outstanding traditional semi-detached villa with a cost of only $299K.
