Full Year- 2018
The Canmore real estate market was robust for much of 2018, until September. September 2018 until December 2018, the market saw significant slow down in sales. This was reflective
e of the economy in general in Canada. January 2019 until March 2019, the market has picked up in activity again and is active and healthy.
The anticipated Olympic bid for Calgary and Canmore for 2026 Winter Games being voted down, though disappointing to some, has not seemed to affect the overall market in Canmore. In addition, the energy sector slow down has not seemed to affect the Canmore to the same degree as the rest of Alberta.
The inventory of listings in Canmore remains low with 171 listings currently for sale. It is expected that there may be an increase of inventory in the Spring with a matching increase of buyers activity as well.
Future retirees and Calgary professionals with an increased ability to telecommute for work are our main drivers of the buyers market at this time.
Vacation home buyers as well as investors purchasing hotel condos for short term rentals also continue to purchase in the area.
Buyers up and down sizing while remaining in town, make up a steady portion of the buyers market.
Overall, 2019 seems to be shaping up for another active, steady real estate market in Canmore.