Canmore is Alberta’s top recreational property market
The recently released Royal LePage Winter Recreational Property Survey 2019 once again identifies Canmore as Alberta’s go-to recreation and retirement community.
The town, about 45 minutes west of Calgary city limits, is nestled in the Bow Valley, in the shadows of the Three Sisters mountain range and has added affordability to its attractiveness. According to Royal LePage, the single-family median price declined two percent year over year, while the median condominium price dipped 2.8 percent to $479,000.
“The modest decline in median price reflects more sales of smaller condo units as builders seek to meet buyer demand for relatively more affordable properties. This shift in the inventory mix offers new opportunities for buyers who thought they were priced out of the market,” said Brad Hawker, managing broker, Royal LePage Rocky Mountain Realty.
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