Canmore
Canmore is located in the province of Alberta, Canada. It is situated at almost 81 km to the west of Calgary close to the southeast boundary of the Banff National Park. It is situated in Bow Valley in the Rocky Mountains of Alberta. This Canadian town also shares a border with the Kananaskis Country to the west side and the south and Municipal District of Bighorn No.08 to north and east.
It is a very attractive city. Recently an Elevation place was opened in April 2013 as a new recreation facility of Canmore. The construction of this facility was started in 2012 to replace the Recreation center of Canmore. Moreover, Canmore is a very affordable city. Its cost of living here and all utility expenses are also very reasonable.
Market condition of Canmore:
The real estate market of Canmore may not meet the records as it did so dozens of times this year. The real estate market will remain low in the coming year. All of the other major players in which MBA, Fannie and Freddie agreed on this. The fixed rates of housing properties from the last 30 year will remain almost 2 percent high or 3 percent low across the year as predicted by each of them.
But the experts predict that the real estate market is going to increase in the coming few years. However, buying a housing property in the coming year would be a very good decision.
Currently, average price of houses in Canmore was $653,515 with approximately 35 listings according to the data represented by the MLS of Canmore in the last 28 days. The average sold price in Canmore was 654 K. This represents a change of 21.3 percent monthly and almost 2.2 percent yearly.
The inventory of Canmore city housing represents that there are almost 34 new listings with approximately 44 houses sold out and with 100 percent selling to the listing ratio. But there is a rise of almost 17 percent in the average housing price despite the number of predictions that the housing price in Canmore will decrease but these are still affordable.
Condominiums in range between $100 to $300K
A condominium is a housing style that is divided into multiple units that are owned by separate individuals and are surrounded by common areas. The common areas, utilities and amenities are managed by the owners collectively by their association like a homeowner association.
Condominiums are generally cheaper in Canada as compared to other housing styles like townhomes, semi-attached homes etc. The cheapest condominium for sale is available at 1151 Sidney St#231, Canmore, AB T1W 3G1. This is a two bed and two bath condominium unit. The cost of this one is only $100k.
Likewise, a one bed and 1 bath condominium are also available for sale at 300 Palliser Ln#124, Canmore, AB T1W OH5. This is a very beautiful looking condominium and has a cost of only $ 298K. You can find a number of such condominiums in Canmore.
