Breaking Canmore Real Estate Market News May 2021

Dan McGuire - Canmore real estate Market update

Canmore Banff Real Estate Market News – May 2021

Hello, Dan McGuire, REALTOR® here with a brand new Canmore Banff real estate market news update.

With 2021 Spring demand in full swing, prices are continuing to rise. Could demand taper soon? Every week we’re seeing new properties hit the market at higher prices than we’ve ever seen for streets and neighbourhoods. Despite rising prices, people continue to flock into the Canmore & Banff housing markets. We’re seeing buyers from Calgary, Toronto and Vancouver markets making the move to the mountains, thanks to work from home, excessive cash, and a desire to be in a beautiful, active community.

Have questions about your Canmore home or want stats on a specific neighbourhood? Call, text or email me today and I would be happy to assist.

Canmore Real Estate Market Update & Statistics

Canmore, Banff, Lake Louise, Exshaw, Harvie Heights, Dead Man’s Flats Real Estate Update


  • New Listings: 24
  • Back on Market: 0
  • Price Changes: 5
  • Conditional Sales: 7
  • New Sales: 23
  • Sales Closed: 9
  • Off Market: 3

Average Canmore Banff SOLD house price: $681,392.05 (-)

In the past three months:

Avg. 2 bedroom SOLD price: $590,350.28 (+)

Avg. 3 bedroom SOLD price: $887,375.65 (+)

Avg. 4+ bedroom SOLD price: $1,484,462.23 (+)

Canmore, Banff & Bow Valley Real Estate Market News

Highest Price Sold Canmore Property last 7 days:
319 Lady Macdonald Crescent, Canmore – List price: $1,089,000 – Sold Price: $1,089,000

319 Lady macdonald crescent canmore real estate
Photo/Text: Remax Alpine

“This spectacular family home is perfectly located with unobstructed mountain views. Lovingly cared for with tasteful, timeless renovations, this home is ready to enjoy! The main floor features a beautiful kitchen with adjoining dining & great room with views that will leave you spellbound. Off of the kitchen a larger dining area for entertaining, a living room & your perfect home office with French doors – as well as main floor laundry & powder room provide flexible spaces to suit your needs. Upstairs, there are 3 generous sized bedrooms, including the master with an ensuite to die for & walk-in closet. On the lower level, the large rec room offers a cozy gas stove, as well as an area well suited for a 2nd home office. A 4th bedroom works well as a home gym, with a full bath across the hall.”

Fastest Moving Bow Valley Property last 7 days:
210-379 Spring Creek Drive, Canmore – a quick 7 days on market! – now conditionally sold.

210-379 Spring Creek Drive Canmore alberta
Photo/Text: Remax Alpine

“Nicest spot in the building – This is the south-facing top-floor unit overlooking the creek, in the premium Spring Creek Mountain Village community. Incredible walkability to downtown, Elevation Place, shopping, parks; the pathways and trails are right outside. Huge vaulted ceilings boast wrap-around views from Three Sisters to Ha Ling. Two generous suited bedrooms complement an open great room plan. Step outside onto the spacious deck and listen to the creek rippling below. This tourist-Home designation gives you the best of both worlds – full or part-time living or long-term / short term rentals. Beautifully appointed, with many upgrades and many newer appliances. Best of all, this home is sold exquisitely furnished in a refined mountain style, right down to the linens and glassware. Three underground parking spaces and two storage lockers will accommodate your cars and toys.”

Most Affordable Newly Listed Bow Valley Property last 7 days:
104-347 Marten Street – List price: $439,000 – great value to get into the mountain real estate market!

104-347 Marten street banff real estate
Photo/Text: Remax Cascade

“Beautiful large Marten Court unit located in the rear corner of the complex. This stunning unit has upgrades including granite countertops, large slate tiles, stainless steel appliances and new washer/dryer, upgraded bathroom, wall fireplace and more. Underground parking and secure storage locker. One of the largest units in the complex (about 100 sq ft larger).”

Have questions about your Canmore home or want stats on a specific neighbourhood? Call, text or email me today and I would be happy to assist.

Featured Canmore / Banff Listing:

A 508 deer street banff canmore real estate market listings
Photo: Engel & Volkers Banff Canmore

A 508 Deer Street, Banff – $1,366,500.00

“BEST HILLTOP VIEW IN BANFF” Prime residential lot zoned R-2 with approved TOB development plans. Panoramic views of Cascade and Mount Norquay, backing onto Tunnel Mtn. drive w/lane access. Duplex plans for two-3 bedroom homes (2,022 sq.ft. each) with 2 car garage and approved 1 bedroom accessory dwellings each half, full set of building designs, construction build out analysis and projections are available. Established local builder and trades ready to proceed. Existing 6 bedroom home with interim revenue stream until build out! Contact me today for a viewing.

Check back for more Canmore, Banff & Area real estate market news.

Feel free to contact me for any Canmore, Banff & Area real estate market questions or inquiries you might have. Our team specializes in providing strategic home valuations, innovative marketing, and key advice to Canmore homeowners. We also work with all buyers to find you the perfect mountain home, real estate investment, or Canmore vacation property.

Best regards for a happy month ahead!

Feel free to call, text, or email Dan today for no-pressure advice,
tips and insights into the Canmore & Banff real estate market.