The Latest RE/MAX 2021 RECREATIONAL PROPERTY REPORT published at the end of last month is very upbeat about the Canmore housing market.  I would not elaborate on what is causing this sharp price spike, but while the trend started before the COVID-19, it recently accelerated and will continue at least till the rest of this calendar year.

Here is the full quote from the REPORT (I have highlighted what I believe is most interesting in yellow):

"A majority of Western Canada’s recreational markets...