Real Estate

A proposal to add a bed and breakfast to the Squirrel/Cougar land use district in Banff was postponed until the municipal planning commission receives additional legal counsel.

"We were one of the first to adopt geothermal technologies in Alberta to meet our goal: to create a truly sustainable mountain community. This is a nod to my parents and grandparents and to Canmore – a legacy for the town in which I grew up.”

“The primary cause of this is the difficult year we’ve all been through. I can appreciate how that would have slowed down the work the developer is doing. I’m certain the developer would like to get these subdivisions to the point where they can be selling the lot. This seems like a straightforward request.”

“The intent of the number of dwellings at this property, in the context of the land use district, was to provide for the development into duplex. I think this is consistent.”

“This development feels very much like a residential accommodation and the application is for visitor accommodation. The application is for the visitor accommodation and with the exception of the four variances, it does meet the land use bylaw requirements … I think we’re bound by the requirements of the land use bylaw.”

The Town’s planning commission approved a 74-unit build at 115 Kananaskis Way and 501 Bow Valley Trail following unanimous approval of a pair of minor variances.

“It’s a good development for Canmore. We need what’s being proposed there, particularly in the commercial area,” said Mayor John Borrowman. “There’s a number of residents in the Three Sisters-area that are looking forward to having a large grocery chain and other commercial activities.”

CANMORE – High demand and low supply in recreational properties across Canada – including in Canmore – is set to drive up prices in 2021, according to the Royal LePage's spring recreational property report.

Canmore Lodge was formerly a hotel, bar, billiard club, and liquor store originally built circa 1976.

Heading into 2021, the Canmore real estate market was definitely geared toward sellers as demand for properties in the mountain town soared during the pandemic.