demand outpacing supply in canmore recreational property market
Canmore, Alberta
2023 RE/MAX Cottage Trends Report
• Families, couples and retirees are currently activity in the Canmore cabin and cottage market, seeking access to ski slopes and other winter recreational activities. • Canmore has been a popular cottage spot for Americans, but the Foreign Buyers Ban has deterred many potential buyers. • Demand for homes in the region is building in the face of Canmore's low inventory levels and high prices.
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$974,000
2023 (January-March)
average price
$900,000
2022 (January-March)
+8.2%
Year-Over-Year
-49.7%
173 unit sales
87 unit sales
Sales stats
Market outlook
-20%
2023 Sales Estimate
+8%
2023 Price Estimate
Average price
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