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Canmore, AB Real Estate News

By Chezlene Kocian
(MaxWell Mountain Realty)
The recent sale of an executive single family property in Canmore has just set a record for the highest sale in Canmore ever. This stunning 5,246 square foot home recently sold for $3.75 million. Perfectly positioned on a half acre lot in Silvertip this property provides breathtaking mountain views as well as privacy. Built in 2001, this 4 bedroom home was completely redone inside and out, creating a Rocky Mountain retreat that is casual mountain elegance at its finest.    My partner, Kyle Pressman, and I had the honour of listing this magnficent property for sale and were interviewed by the Calgary Herald to talk about this new sales benchmark in Canmore, as well as the current real estate market. This sale is indeed excellent news for the Canmore real estate market and for all the hom...
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By Chezlene Kocian
(MaxWell Mountain Realty)
Downtown Canmore New Construction Duplex  Fabulous news!! I have now received the blueprints for the downtown new construction duplex in South Canmore.  With close to 2100 square feet on 2 levels, and an attached double garage, this is a unique opportunity to enjoy a South facing, brand new construction duplex downtown with the best of Canmore at your fingertips!    This South facing duplex is ideally situated just a few blocks from Main Street and the river on 4th Street.  The two level living design is perfect for entertaining friends and family with its open concept kitchen, living and dining areas, as well as the Master bedroom with full ensuite on the 2nd floor. The spacious second level floor plan opens out to two outdoor living spaces (also known as decks!); one from the South f...
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By Chezlene Kocian
(MaxWell Mountain Realty)
I've very, very excited about the upcoming unveiling of a new development in downtown Canmore! Located in a prime location on 4th Street, this brand new South Canmore Duplex will offer 2 opportunities for some lovely people to enjoy all the perks of living in downtown Canmore! Features of this new South Canmore Duplex include:  South facing Over 2000 square feet 3 bedrooms 2 large decks (20'x10') - one South facing, one North facing Double Garage Vaulted Ceilings on the Upper Level And of course because these are brand new, each homeowner has the opportunity to choose their finishings!  These photos give an idea of the South views from the front of the new homes:                        I hope to receive the final floor plans soon and will be sure to share them as well! Please give me a...
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By Chezlene Kocian
(MaxWell Mountain Realty)
Canmore Real Estate Sales - September 2011 With the kids back in school and a month of good weather, Canmore Real Estate Sales in September strengthened considerably from a quiet August, for a total of 25 sales in Canmore.  There was an interesting mix of sales in September, with only three single family home sales during the month. Two of the three single family sales occurred below the $600,000 mark while the third single family sale in September was the highest sale of the month, trading at $1,650,000.  The busiest segment of the market for Canmore Real Estate Sales in September were townhomes and 4-plex property sales with a total of 13 transactions. The average sale price for properties in this category was $481,944.  Six condominium sales closed, with a large spread between the lo...
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By Chezlene Kocian
(MaxWell Mountain Realty)
The Canmore Highland Games are celebrating their 21st year this year and are truly one of Canmore's legendary Summer Festivals!  Sunday, September 4th - 8am to 5pm Canmore Highland Games Festivities Include: - Piping & Drumming Competitions - Highland Dance Competitions - Traditional Food & Beverages - Non-Stop Entertainment - Evening Ceilidh with the Mudmen - Celtic Wares Visit the heated festival tent for a pancake breakfast or traditional food & beverages, complete with a beer garden.  The Canmore Highland Games are held outdoors in Centennial Park. Admission is $15 for Adults, $12 for Seniors & Youth (13 - 17), $5 for Kids (6 - 12).  For more details visit www.canmorehighlandgames.ca and for tickets visit www.ticketpro.ca   Chezlene Kocian  RedefiningRealEstate. www.mountainhomesinc...
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By Chezlene Kocian
(MaxWell Mountain Realty)
Canmore Quarterly Real Estate Statistics 2006 to 2010 Here are the average sale prices, days on the market and number of properties sold in Canmore, broken down by quarter from 2006 to 2010.    Please note, the average sale prices do not include full duplexes (both sides of duplex), mobile homes, recreational or fractional properties. Days on Market (DOM) totals reflect the days on market for the current listing when it sold, not the total days on the market if the property has been listed multiple times.    View Featured Property Listings View all Canmore Property Listings   Chezlene Kocian  Redefining Real Estate. www.mountainhomesincanmore.com chezlenek@shaw.ca         403.688.1040   REALTOR ® MaxWell Mountain Realty    
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By Chezlene Kocian
(MaxWell Mountain Realty)
CANMORE CANADA DAY 2010   July 1st - Come out to Canmore and enjoy our famous Canada Day Celebration! CANMORE CANADA DAY 2010 starts off with the delicious Rotary Pancake Breakfast from 8am - 10am in Centennial Park.  There are events and activities throughout the day including the not-to-be-missed CANADA DAY PARADE starting at noon.      And of course, CANMORE CANADA DAY 2010 wouldn't be complete without Fireworks at Millenium Park at 10:30pm! There's nothing quite like watching fireworks with the Rocky Mountains as the backdrop!    Canada Day Schedule     Chezlene Kocian  Redefining Real Estate   REALTOR ® 403.688.1040 Direct chezlenek@shaw.ca www.mountainhomesincanmore.com  
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CANMORE'S ARTSPEAK 2010 JUNE 18 - 20 - A CANADIAN ROCKY MOUNTAIN ARTS FESTIVAL   This weekend In Canmore marks the 8th Annual ArtsPeak 2010, a fabulous arts festival that features ArtWalk, ArtTour and ArtFair showcasing work by local and visiting artisans.  Other festivities in ArtsPeak 2010 to enjoy include a street performers festival called ArtStreet, as well as various Main Stage musical events which make up ArtSong.          Unleash your creativity with ArtZone , a community art workshop where you get a chance to explore the world of art hands on.  Almost all the activities are FREE of charge thanks to the support of 55 partner sponsors! The complete schedule of events and activities offers something for everyone! Inspire, create & celebrate at Canmore's ArtSpeak June 18 - 20.     ...
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CANMORE CONDOS - KANANASKIS WAY ZONING DIFFERENCES THAT IMPACT YOUR INVESTMENT KANANASKIS WAY offers some of the most affordable property options in Canmore, so it's not surprising that when people are searching around on MLS or Realtor.ca, that these condos attract a great deal of attention. Before your invest, one of the most important things to be aware of are the ZONING DIFFERENCES between the various buildings on KANANASKIS WAY. In this area of Canmore, condo zoning differs from one building to the next, and more surprisingly in some buildings, from floor to floor.  There are 3 different types of home property zoning in Canmore: 1. Residential - The vast majority of homes in Canmore fall into this zoning category. 2. Tourist - This zoning allows for both regular residential use, as...
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By Chezlene Kocian
(MaxWell Mountain Realty)
  CROSSBOW LANDING - CANMORE CONDOS WITH MUCH TO OFFER!     Crossbow Landing is nestled in the heart of Three Sisters and is a stone’s throw away from the Bow River and beautiful trails, perfect for biking or a peaceful stroll to downtown Canmore.     Historically, Crossbow Landing has offered some fantastic value in Canmore and this is true in our current market as well.    This condo development was built in 2003 - 2004 by Cove Properties Ltd. and is made up of two four-storey buildings and a fabulous clubhouse. The 1st and 2nd floor homes in both buildings are single level floor plans, while the 3rd floor homes all offer 2 level living. The buildings at Crossbow Landing feature elevators and underground parking and storage.    One of the biggest perks of Crossbow Landing is their stu...
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BUYING A VACATION HOME IN CANMORE - HOW THE CANADIAN MORTGAGE RULE CHANGES WILL AFFECT YOU As of April 19, 2010, there will be some important changes to Canadian mortgage rules that may affect people looking to buy a vacation home in Canmore. In picturesque, small mountain towns like Canmore, vacation homeowners make up approximately 30% of our population and account for approximately 15% of our population growth.  The Canadian government Minister of Finance, Jim Flaherty, who announced the changes said "Canada's housing market is healthy, stable and supported by our country's solid economic fundamentals, however, a key lesson of the global financial crisis is that early policy action can help prevent negative trends from developing." Further explanation on the government's decision to ...
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By Sondy Szymanis, Virtual Assistant
(Stray Ducks Virtual Assistance)
Main Street will remain closed after the Canada Day Parade for a Street Fair. Wander among the street vendors, enjoy buskers and do a bit of shopping from 2:00 pm until 10:00 pm. Wander the street and enjoy buskers 2:00 - 5:00 pm Live Music  5:00 - 7:00 pm Fashion Show  7:00 pm Live Music  8:00 - 10:00 pm   Sponsored by The Canmore Downtown Business Association.
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By Sondy Szymanis, Virtual Assistant
(Stray Ducks Virtual Assistance)
This years festival promises to be the best ever. The Canmore artsPeak Arts Festival is a weekend long festival celebrating the arts in Canmore, Alberta, Canada. artsPeak offers festival guests a wonderful and inspiring array of venues and activities to see and experience and most artsPeak venues and presentations will be Free to the Public! An Arts Adventure for the Urban Explorer! artsPeak 2009 will continue to be a multi-venue, multi-disciplinary event with activities centered in the downtown core of Canmore but which will also include activities throughout the town site. The festival will once again feature local artists and their works, while at the same time providing an opportunity for audiences to embrace the work of visiting artists. Click here for artsPeak Festival Website CON...
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By Bob Aishford
(Royal LePage Rocky Mountain Realty)
Median price is deemed to be a more accurate market indicator than average price because of steep price fluctuations that sometime exist within market segments and thus can distort calculated averages. BUYER’S MARKET!! Great opportunities are available for those who are ready to purchase. Again we see some positive movement Just the number of sales is a very small positive sign. In total we had 15 for March of this year, 18 for April and 24 for May. Last year we had a total of 25 sales for the month of May. We are starting to see a few more single family homes sales these past few months, especially in the lower end market below $700,000. I would think that buyers are taking advantage of the excellent low, long term mortgage rates. The momentum continues … but very slowly The number of...
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By Bob Aishford
(Royal LePage Rocky Mountain Realty)
    Median price is deemed to be a more accurate market indicator than average price because of steep price fluctuations that sometime exist within market segments and thus can distort calculated averages. Great opportunities are available for those who are ready to purchase. February continues with New Year momentumOver the past 3 months the number of sales each month has increased. Not large numbers by any means, but a total of 14 sales in February is better than 10 in January.We see a large increase in the median sale price in both the single family sales data and the non single family data. The non single family data seems to be more in line with a realistic whereas the single family data based on only 4 sales shows a significant increase over the prior month. Three of the four sing...
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By Bob Aishford
(Royal LePage Rocky Mountain Realty)
Now that we are well into the 2009 year, there really should not be any surprises. What I mean is the economy is what it is, "markets" are what they are and it's up to all of us to move forward.You will see from my March Market Update Chart that the number of sales this past month in Canmore is up for the third consecutive month. This is good. You will also notice that our banking system has lowered their prime lending rate by ½% earlier this week - with the new prime being 2.5. This in turn means lower mortgage rates.Read the article titled Worthwhile Canadian Initiatives for an interesting account on our Canadian banking system.Get out your calculatorLet's do some math using my Feature Listing at #6, 137 Wapiti Close. The asking price now is down 8.5% from what the highest ridge unit ...
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By Sondy Szymanis, Virtual Assistant
(Stray Ducks Virtual Assistance)
RINGING IN THE HOLIDAYS Saturday November 29, 2008 2:00pm - 5:00pm at the Civic Centre Atrium/Plaza and Downtown Core.     2:00        Photos with Santa, Cookie Decorating, Hay Rides, Hot Chocolate    Get building and enter the Gingerbread House Competition and show off your creativity; maybe you will win a cash prize or trophy. First Prize: $300, Second Prize $200, Third Prize $100 FREE entry, please RSVP (info below). Set up at 1:00, Judging at 4:00, Judging based on creativity.   2 - 4     The Great Canmore Scavenger Hunt registration/check in starts at 2:00pm in the Civic Centre Atrium. At 2:30pm the start of the race will take place on the Plaza. Hunters will be asked to scavenge the downtown core to find their listed treasures. Every participant will receive a take home item.    •...
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By Bob Aishford
(Royal LePage Rocky Mountain Realty)
    APRIL   Median   MARCH     Sale Prices     2008 2007 2008 Single Family Stats $712,000 $775,000 $705,000 Units Sold 9 16 11 Days on Market 107 27 63 +/- over last year/month   - 8.13% + 0.01%          Non single family $485,000 $505,000 $513,000 Units Sold 25 31 23 Days on Market 54 38 41 +/- over last year/month   - 3.96 % -5.46 % This past month saw the median single family house prices almost remain the same as March, but down over 8% from the same time last year. Non single family house prices have slipped a little since last year and down 5.5% from last month. The number of sales in each category has remained almost the same as last year, but down from 2007. As I have said in past newsletters, Canmore real estate will continue to be a good investment. We are only experiencing ...
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By Bob Aishford
(Royal LePage Rocky Mountain Realty)
Going into our fourth month of the 2008 year, we all start to get a more certain felling as to how this year will "play out" for us. What I mean is, we should be getting over the "winter blues" and any preconceived ideas or notions we might have had.Our provincial election came and past in mid March. The ruling party was elected again for the 36th year. Some people have said, "It is better to sleep with the devil you know, rather than the devil you do not know." No surprises here. The Canadian dollar has levelled out in the high 90 cent range compared to the US dollar. We all knew it could not keep up close to the $1.10 mark. We are have adjusted to the lower 5% GST by now. So where am I going with these thoughts.I strongly believe that a real estate asset will outperform a lot of other...
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By Bob Aishford
(Royal LePage Rocky Mountain Realty)
   MARCH Median FEBRUARY SalePrices  200820072008Single Family Stats$705,000$799,000$639,900Units Sold11105Days on Market633229+/- over last year/month - 11.76%+ 9.23%     Non single family$513,000$476,000$410,000Units Sold233815Days on Market413160+/- over last year/month + 7.21 %+ 25.12%SINGLE FAMILY HOME SALE PRICES STILL DOWN - NON SINGLE FAMILY SHOWING GOOD SIGNSMarch showed that while the number of single family home sales was double that of February, the median selling price is almost 12% lower than a year ago. The lower number of sales for homes above a million dollars is what is contributing most to this lower median price. There have only been four properties sell above a million dollars in the past four months, and two of these were just barley above the million dollar mark.A...
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