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Canmore, AB

Updated: Aug 2016
House
Median price $799,900
Monthly growth 97.50 %
Quarterly trend
Stock on market 0.75%
Apartment
Median price $429,900
Monthly growth 26.81 %
Quarterly trend
Stock on market 0.64%

Canmore Home Price

Canmore was Canada’s 113th most expensive suburb by listed median house price this month.

Canmore, Alberta has a median house price of $799,900 when compiling all the home listings in Aug .

Canmore’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 2 bedrooms.

Alberta has the fourth most amount of properties available to property investors, with Canmore having 47th most in the province, out of a total of 339.

As one of Alberta’s many potential real estate investment neighbourhoods, Canmore needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.

Canada’s national median home listing price this month is $244,900, which means that Canmore is in the top 20% for Canada.

With Canmore’s median house price at $429,900 in Aug , it is high priced compared to the rest of Alberta.

2 bedroom properties are the most common available for real estate investors this month in neighbourhood.

This month we track 13th neighbourhoods in Alberta, and Canmore has the 13th most choice available for real estate investors.

It’s never an exact art, but to try to forecast how property is going to appreciate in Canmore for investors, it’s important to look at data like:

Over the last three months in Canmore, housing stock available seems to be falling – this could mean that homes values might increase faster.

Beds Median price (House) Median price (Apartment)
1 bedroom $210,000
2 bedrooms $512,800 $374,000
3 bedrooms $679,350 $728,800
4 bedrooms $999,000 $693,000
5 bedrooms $967,450
Demographics
  • Population in 201112288
  • Population in 200612039
  • 2006 to 2011 population change (%)2.1
  • Total private dwellings7973
  • Private dwellings occupied by usual residents5176
  • Population density per square kilometre178.4
  • Land area (square km)68.9