After heating up for the past year, Canmore's recreational property prices will rise even further in the next 12 months, a new Royal LePage report projects. The median price of a single-family detached home jumped 4.4 per cent in the first nine months of this year to $1.
67 million, and is projected to increase another 3.5 per cent in the next 12 months, according to Royal LePage's 2024 Winter Recreational Property Report. The report also found the price of standard condos in the town rose 9.
8 per cent in that same time period, to $765,000. Canmore's thriving housing market saw this increase even as the report found housing prices in winter recreational properties in towns across British Columbia, including Whistler and Sun Peaks, dropped last year. For the six B.
C. towns included in the report, the median price of a single-family detached house and a standard condo both dropped 2.6 per cent.
Canmore prices are being driven up by two main factors, high demand and low supply, influenced by the town's limited land base, according to Royal LePage Solutions associate broker Brad Hawker. Tariffs on Canadian steel less likely under Trump 2.0, U.
S. trade experts say, but disruption still a risk Alberta cabin, cottage prices spike in 2023 as Canada's recreational property market cools "We're between Bow Valley Provincial Park and Banff National Park and mountains on either side, so very limited land base and that's where the markets at," Hawker said. He added the high demand for recre.
