Real Estate

“Value trends have seen the land values staying the same, with buildings down because of a slight amount of depreciation," said assessor Frank Watson of Banff's overall residential assessments dropping about one per cent.

The Smith Creek and Three Sisters Village area structure plans under consideration by Canmore council represent 80 per cent of the developable land left in the community.

Banff's residential property assessments remain relatively stable, decreasing about one per cent.

Banff Hospitality Collective plans to open a new restaurant and tavern in the former Mel's building on Lynx Street.

CANMORE – While the community waits for Three Sisters Mountain Village to officially submit applications for new area structure plans, the developer has also been working on a new commercial subdivision – The Gateway.

Canmore's subdivision authority approved an application by Stone Creek Properties for block 10 – a residential neighbourhood – even though development of commercial lands for the resort centre have not yet commenced.

"Supporting first reading at this time for me is entirely motivated by wanting to, as other councillors have said, do one last check-in with the community to make sure that we understand what are the preferences, particularly of the Teepee Town community," said Mayor John Borrowman.

“We are trying to encourage housing supply, and yet if I’m to do a development, it’s cheaper for me to pay the Town this roughy $35,000 per bedroom than to go ahead and build the commensurate amount of housing," said Coun. Peter Poole

Spring Creek Mountain Village is asking for changes to bylaws that include creek setbacks, roof heights and total units allowed to pave the way for development of two new hotels

Canadian Rockies Public Schools is proposing a residential development on lands it owns next to Lawrence Grassi Middle School in Canmore