Canmore Real Estate Market Update 2026
Canmore Real Estate Market Update 2026
As we head into 2026, the Canmore real estate market remains one of Canada’s most sought-after recreational property destinations. Limited supply, lifestyle-driven demand, and strong buyer interest continue to support prices across most property types.
Whether you’re considering a full-time move, a mountain getaway, or an investment property, here’s a clear snapshot of where the market stands.
Detached Homes: Strong Demand Continues
Median price (2025): ~$1.78M
Up ~10% year-over-year
Well-priced homes often sell quickly
Detached homes remain the premium segment in Canmore, supported by limited inventory and long-term lifestyle demand.
Semi-Detached & Duplex Homes
Pricing around $1.4M
More accessible than detached homes
Strong appeal for full-time residents
This segment offers a balance of space, value, and functionality.
Townhouses
Median pricing around $1.06M+
Popular with move-up buyers and downsizers
Townhomes remain a versatile option in many Canmore neighbourhoods.
Condos
Entry point in the mid-$600Ks
Slightly cooler market creates opportunities
Condos continue to be an accessible entry into the Canmore market for first-time buyers and recreational owners.
Short-Term Rentals (STRs)
Sales up ~60% over five years
Values up ~76% since 2020
About 15% of homes used as STRs
Proper zoning and licensing required
STRs remain a key part of Canmore’s market, but regulations make local knowledge essential.
Looking Ahead to 2026
Modest growth is expected, supported by Canmore’s community, outdoor lifestyle, and proximity to Banff National Park.
A Local Perspective
Homes in Canmore can sell quickly. Understanding neighbourhoods, zoning, and timing can make all the difference.
Thinking About Buying in Canmore?
If you’re exploring a mountain lifestyle or investment opportunity, having local guidance matters.
📩 Reach out anytime to start the conversation.