Canmore New Developments

In Canmore, Alberta, real estate is thriving, and the increased demand for private properties is set to increase. While the province may be experiencing a slump in economic activity, the quaint town in the Rocky Mountains has become a prime location for many prospective buyers. When staying indoors and working from home has become commonplace, many people desire to have a serene location surrounded by nature.

With its Nordic Center and Grassi Lakes attraction and the proximity of the Banff National park, Canmore is an ideal location for someone who wants to add to their portfolio. These rich offerings mean the town has a busy tourist season, and buyers can rent out their homes and condos at very compelling prices.

Invest in Canmore

Reports indicate that Canmore real estate market is the busiest it has been in the last 14 years. All housing types ranging from single-family homes and duplexes to condos and penthouses are available, offering varying levels of luxurious mountain living. However, the supply is unlikely to meet the demand as the pandemic has many homeowners warming up to the idea of a recreational home or moving away from city living entirely.

The Canmore landscape promotes wellness, making it an ideal vacation destination. A backdrop characterized by undulating mountains, rich fauna, lakes, and grassy fields generates positive energies that promote relaxation, restoration, and overall well-being.

Diversifying your Portfolio

For investors, Canmore AB real estate offers an opportunity to broaden their portfolios. Whereas coastal areas have their distinct advantages, the mountains too offer compelling attributes that attract nature lovers and thrill-seekers. Investing in properties that different span locations mitigate risks more so when the portfolio includes different property types. Rental prices are higher in Canmore than in other Alberta places, so the return on investment will be significant, especially if the price appreciation is maintained.

Affordable Housing

Despite properties in Canmore attracting premium price tags, there is a push by the town council to increase the number of affordable properties. It will ensure the town does not become a reserve for the wealthy but remains a wholesome place welcoming to younger generations with small families. It is now extremely easy for prospective homeowners to find affordable homes for sale in Canmore and permanently move.

Easy Drive to Calgary

Living in the mountain region does not have to isolate you from the opportunities or conveniences of the city. For example, you can live in Canmore and work in Calgary, an easy one-hour drive. As it is the most populous city in Alberta and fast-moving, working there but retiring to a Canmore residence will feel more rewarding at the end of a long day.

Canmore homes for sale are listed as freehold, so you get to own the properties outright. The town also has the lowest property taxes in the province, making it ideal for investing. It should be done sooner, not later, as there is a finite supply of land and developments in Canmore.

Please contact Arbus Mountain Homes at 403-869-6200 for inquiries.