Canmore Real Estate Market Report For December 2022
You can see from the above statistics that we are now in a border line between the SELLER and BALANCED market with a meagre inventory. But our prices are not dropping more than 2%, whereas the previously overheated markets of Toronto and Vancouver are seeing a substantial price decline. I do not expect this to change; the first quarter of 2023 and maybe even summer will be probably one of the best times to buy in Canmore.
IN THE LAST QUARTER OF 2022, only FIVE HOMES WERE SOLD FOR THE PRICE of $1.8M and only 10 Recreational short-term units! In the residential space, 18 units sold in the price range of 1M-1.8M and approximately double that number below 1M. The statistical data for the last quarter from other sources were skewed by the preconstruction sale of 52 short-term units at Harvie Heights.