Banff
Banff is a town located in Banff National Park in the province of Alberta, Canada. It is situated in the Rockies of Alberta along with the Trans-Canada Highway, almost 126 km west of Calgary and approximately 58 km to east of Lake Louise.
Banff is a very attractive place to live. There are many mountains located exactly next to townsite in which Mount Norquay, Cascade Mountain and Mountain Rundle are located. Banff National Park is very popular for its majestic mountains, endless outdoor adventures and surreally c oloured lakes.
Banff is an affordable Canadian city. It has a developing economy. The educational institutions of Banff are also amazing. The city’s weather is awesome. So, if you are planning to settle in Banff then this will be one of the best decisions of life.
Market condition of Banff
Since the month of June, the real estate market of Banff city has been really record-breaking. There was a hold for a short interval during the pandemic due to COVID-19 during this month. Despite the economic uncertainty, the highly controversial elections and the increased spread of pandemic, the house buyers continue to grab up only a few houses that are listed for sale.
From the previous month, there was a fall of 7 percent in overall inventory and this was the biggest drop of the month since the month of January. In 2019, there was a change of almost 33.85 percent in the same zone.
A more moderate level in housing prices was represented by the rise in housing prices that was witnessed in 2016 and 2017 as the housing market was shifted to the more balanced phase. The total sales were down to 543 which is approximately 5.4 percent.
With approximately 847 house listings there was no change in the inventory during the whole year. There were many developer sales especially with the release of new projects in spring creek and Three sisters. In the year there was a decline in the sales volume while there was a raise in the sales of detached and semi-detached homes.
Condominium in range from $100K to $300K
A condominium is one the common construction styles in Canadian houses. It is a private residence that is generally rented out to the tenants like yourself. It is typically located in a community or residential building but this individual unit itself is owned by the individual that is the landlord of that housing property.
Number of condominiums are available for sale in this range. A two bed and one bath condominium are available for sale at B, 319 Marten Street, Banff, Alberta T1L1E4. This is a top floor renovated condo. This single family condominium has a cost of only $ 299K.
Within the same range a two bed and one bath condominium are available for sale at 101, 415 Beaver Street Banff, Alberta T1L 1A1. This is a pretty residential condominium which is available for the cost of only $270k. So, you can find many condominiums in different areas of city.
