Debunking Myths About Selling Homes for Sale in Canmore Alberta during Fall

Fall can sometimes be seen as a less-than-ideal time to sell homes, especially in scenic destinations like Canmore. The belief that real estate activity slows dramatically after summer has become widespread, but this assumption doesn’t always hold true. Many of the beliefs that surround selling in autumn are myths that can actually work to a seller’s advantage. If you’re looking to sell your home this fall, rest assured there are still plenty of motivated buyers actively searching for properties. In this blog post, we’ll debunk some common misconceptions about selling homes for sale in Canmore Alberta during the fall season. Follow along below to learn more!

Misconceptions About Canmore’s Fall Real Estate Market

Homes for Sale in Canmore Alberta during Fall

Many believe spring and summer are the best seasons for real estate, but fall can be just as lucrative for sellers in Canmore. As temperatures drop and the region’s autumn foliage begins to show its colours, buyers still flock to the mountain town looking for a home. Plus, with fewer listings than during the peak summer months, fall sellers face less competition. This means that your home won’t be overshadowed by a flood of new listings. 

Although the market may indeed slow down slightly in the fall, the idea that homes take significantly longer to sell during this time is largely a misconception. The warmer months may see an influx of casual buyers, but fall tends to attract motivated individuals who are actively looking to purchase. These buyers often have specific goals in mind, such as relocating before winter or securing a home before the holiday season. Moreover, they often want to close the deal quickly. With the right pricing and presentation, homes in Canmore can sell just as fast in the fall as they do in spring or summer.

One of the most common myths sellers latch onto is that curb appeal fades in the fall, making homes less attractive. However, Canmore’s scenery shines throughout the fall months, with golden trees, crisp air, and grandeur mountain backdrops. Sellers can enhance this appeal by embracing autumnal décor, keeping lawns tidy, and ensuring outdoor spaces look manicured. Before listing one’s home, sellers should also clear walkways and prune shrubs to contribute to the polished appearance of their home. By taking care of the exterior of the property, sellers can compliment the region’s postcard-like setting and boost curb appeal for potential buyers. 

What Else to Know About Selling Homes for Sale in Canmore Alberta During the Fall?

Homes for Sale in Canmore Alberta

While the colder temperatures of fall and winter in Canmore might seem like a deterrent for some buyers, this isn’t necessarily the case. In fact, the cooler weather can be a significant advantage when showcasing the comfort and coziness of a home. Buyers who are familiar with colder climates are often seeking properties that provide winter creature comforts. Homes equipped with features such as good insulation, a functional fireplace, or in-floor heating can be particularly appealing.

Moreover, the fall season offers the chance to demonstrate how a home performs in colder weather. For example, showing off the well-maintained heating system or demonstrating the effectiveness of new doors and windows. These factors can reassure buyers that the property will be both comfortable and energy-efficient during the winter months. This is especially important in Canmore, where winter conditions can be severe.

Another common misconception among sellers is that they won’t achieve top dollar for their property if they sell in the fall. This belief is often based on the idea that fewer buyers in the fall equate to lower offers. However, this view overlooks a critical factor: market dynamics. In reality, the pricing of a home is influenced more by demand and market conditions than by the time of year alone.

Fall can be a strategic time to sell because of the aforementioned seasonal drop in inventory and the seriousness of buyers. Sellers can leverage the season’s lower inventory to their advantage by presenting their homes well and pricing them competitively. When there are fewer options available, even a modestly priced property can attract significant interest and potentially result in higher offers. By highlighting the best features of their homes and effectively marketing them, sellers can still achieve strong financial outcomes during autumn.

Contact us Today!

If you are interested in learning more about why you might consider selling homes for sale in Camore Alberta in the fall, get in touch today! 

Canmore is an excellent town to live and work in. Contact us today to learn more about all of the amazing opportunities that come with living in Canmore. For more information, feel free to message us with any questions or concerns you have about this area. Be sure to check back next month for more real estate-related content! We look forward to working with you!

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Impact of Canmore Community Housing Developments on Real Estate Sales, Buyers, and Sellers

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The recent appointment of Kristopher Mathieu as the Executive Director of Canmore Community Housing (CCH) comes at a pivotal time for the real estate landscape in Canmore. With several significant projects in the pipeline, CCH’s activities are poised to shape the future of the local housing market. For real estate agents, home buyers, and property sellers in Canmore, these developments could have far-reaching implications—both positive and negative.

The Positive Impact on Real Estate in Canmore

  1. Increased Housing Supply
    • The most immediate and positive impact of CCH’s new projects, such as the Palliser Trail area structure plan (ASP), is the expected increase in the housing supply. With 1,300 units planned, over 1,000 of which are designated as affordable, the availability of homes will rise significantly. This expansion could help to alleviate some of the pressure on Canmore’s tight housing market. Ultimately, making it easier for first-time homebuyers and low-income families to enter the market.
  2. Enhanced Community Sustainability
    • By focusing on affordable housing, CCH is directly contributing to the sustainability of the Canmore community. Affordable housing initiatives can stabilize the local workforce by providing housing options for essential service workers. These are generally the first who are often priced out of the market. This stabilization not only benefits individual residents but also strengthens the community’s overall economic health.
  3. Potential for Real Estate Market Diversification
    • The construction of a mix of rental and ownership units, especially in planned developments like Palliser Lane and Stewart Creek Rise, will diversify the types of properties available in Canmore. This diversification could attract a broader range of buyers. Most of which, include those looking for investment properties or long-term rentals. In turn, this could stimulate real estate activity.

Challenges and Considerations for Buyers and Sellers of Real Estate in Canmore

  1. Market Saturation Concerns
    • While an increase in housing supply is generally positive, there is a potential downside if the market becomes oversaturated. If the new developments lead to an oversupply of homes, particularly in the affordable housing segment, it could put downward pressure on home prices. For current homeowners looking to sell, this might mean lower returns on their property investments.
  2. Waitlist and Demand Imbalance
    • Despite the planned construction, CCH’s waitlist remains long. There are 264 people waiting for homeownership opportunities and 189 waiting for rental units. This ongoing demand suggests that even with new developments, there may still be a significant gap between housing supply and demand. Buyers may continue to face stiff competition for properties. Particularly in the affordable housing sector, leading to longer wait times and potentially higher prices in the short term.
  3. Impact on Property Values in Canmore
    • The introduction of more affordable housing could have a complex impact on property values in Canmore. On one hand, increased supply could stabilize or even reduce property prices, making homes more accessible to a wider range of buyers. On the other hand, if the market perceives the influx of affordable housing as lowering the overall value of certain areas, it could negatively affect property values, particularly in Canmore neighbourhoods adjacent to these developments.

Understanding the Changing Landscape and How Canmore REALTORS® and RE/MAX Alpine Realty Help

For real estate professionals, buyers, and sellers in Canmore, the activities of Canmore Community Housing under the leadership of Kristopher Mathieu represent both opportunities and challenges. The increase in housing supply and the focus on community sustainability are likely to bring long-term benefits to the area. However, careful attention must be paid to market dynamics, including potential oversaturation and the ongoing imbalance between supply and demand.

As Canmore continues to grow and evolve, staying informed about these developments will be crucial for anyone involved in the real estate market. For real estate agents at RE/MAX Alpine Realty, this period presents a unique opportunity for us to guide our clients through a changing market. We are committed to helping buyers and sellers to capitalize on new opportunities while understanding potential risks. If you have questions about buying or selling real estate in Canmore, please reach out to us today!

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All About Vacation Homes in Canmore

Owning a cottage or vacation home in Canada offers its own bragging rights. Vacation properties in Western Canada are now scarce. During the pandemic, many buyers purchased cottages to escape city life, and numerous recreational homes have since become primary residences. This shift to rural living has driven up prices in Canada’s vacation real estate market. Combined with the popularity of short-term rentals, it’s no surprise that these properties are highly coveted assets. If you’re considering purchasing vacation homes in Canmore, it’s important to ensure your financial readiness. On the other hand, if you’re looking to cash in on your investment, keeping up with market trends is critical in choosing the right time to list.

In this article, we will be covering a market update on vacation homes in Canmore. Follow along below to learn more!

Are You Financially Ready to Buy Vacation Homes in Canmore

Deciding to buy vacation homes in Canmore is exciting. However, it’s important to determine your financial readiness before making the choice to purchase. According to RE/MAX Canada’s Cottage Trends Report, recreational property prices are expected to rise by 6.8% in 2024. However, this figure is higher for vacation homes in Canmore, with an expected price increase of 10% year-over-year. As such, it is important to assess your financial situation carefully. This includes evaluating your budget, securing financing, and considering ongoing maintenance costs. 

With the current interest rates, many Canadians find it challenging to own even one home, let alone a vacation property. However, this wasn’t always the case. Not too long ago, Canadians could afford their primary residence as well as a cottage or vacation home. It wasn’t until the pandemic struck that prices began to skyrocket, driving up the average market cost of a typical vacation home. In today’s market, owning a cottage can cost as much, if not more, than a person’s primary residence.

Is a Vacation Home in Canmore/Banff Right For You?

canmore vacation homes for sale remax

Once you’ve determined that you’re financially able to purchase a vacation home, it’s a good idea to evaluate your lifestyle compatibility with such a property. Additionally, you’ll want to consider how much investment potential the asset holds. One of the first questions that you should ask yourself is how often you intend to use the property. If you only anticipate visiting a few times per year, it may be more cost-effective to rent during those specific periods. Another factor to keep in mind is how far your primary residence is from the secondary property. A vacation home that is too challenging/time-consuming to access may not be practical for regular use. You’ll also want to make sure that the location supports the recreational and lifestyle choices that you seek from your vacation property. 

Beyond general lifestyle compatibility, it’s also important to check the investment potential of the property. This is especially important for those who plan to rent out the property during their time at home or resell in the near future. A good way to gauge a property’s investment potential is to research local market trends and look at historical data from years past. This will help you better understand current trends as well as common factors that influence property values in the area. 

For those who plan to use their property for short or long-term rentals, be sure to check the zoning of the vacation home. Zoning in Canmore has become much stricter to eliminate short-term rentals and improve long-term housing options for locals. Finally, you’ll want to evaluate your future plans. Do you plan on retiring in your vacation home? Will it be passed through the family for generations? Or, is it simply a way to grow your investment portfolio?

Market Insights on the Recreational Property Market in Canmore

Given the steady price increases in Canmore, now could be a favourable time to cash in on your vacation investment. Of cottage owners who aren’t choosing to sell this year, the majority will be holding on to their properties despite high interest rates and affordability concerns. Cottage prices have gone up in 83% of Western Canada’s recreational markets. As we noted earlier, a year-over-year price gain of 10% was recorded in Canmore during Q1. 

Compared with last year’s conditions, Canmore’s cottage market is continuing to favour sellers. The main driver of recreational property sales in Canmore are retirees, followed by families, and investment buyers. Among buyers purchasing vacation homes in Canmore, the most favourable amenities include access to outdoor recreation, proximity to water, and close-knit communities. 

Contact us About Vacation Homes in Canmore Today!

If you are interested in learning more about vacation homes in Canmore, get in touch today! 

Canmore is an incredible area to live and work in. Reach out today to learn more about all of the amazing opportunities that come with living in Canmore. For more information, feel free to message us with any questions or concerns you have about living/working in this incredible area. Be sure to check back next month for more real estate-related content! We look forward to working with you in the near future! 

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How to Get the Best Sale Price for Real Estate for Sale in Canmore?

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When selling your home, it can be hard to find the right listing price. As a homeowner, you want to ensure that you get the best return on your investment. However, this can sometimes lead to biased feelings about what the price tag of your home should be. As you look toward selling your property, it’s critical that you find a price that is both accurate and satisfying. To help you achieve the best ROI, we wrote this article on how to maximize your profit. This way you can keep moving up on the property ladder! Follow along below to learn more about finding the best sale price for real estate for sale in Canmore.

Get the Best Value for Your Real Estate for Sale in Canmore With These Tips

When it comes time to list your real estate for sale in Canmore, it’s important to do your due diligence. Especially, if you have plans of purchasing a better home. Getting a thorough understanding of the current market will help you in your success as a seller. By taking the time to gather information about the current market trends, you’ll be able to craft a better listing strategy. From pricing to marketing, there’s a lot to keep in mind when selling your property. 

To get a better feel for the market, consider setting up a meeting with a qualified Canmore real estate agent. Alternatively, you could consult the expertise of a market analyst. Either way, meeting with an expert in the field can help you attain a deeper understanding of current real estate trends in your area. For example, average sale prices, comparable properties, sale-to-list price ratios, number of homes on the market, average days on the market, and so much more!

To get the best value for your home, it’s also a good idea to get a home inspection done. Enlisting a professional to complete a pre-listing home inspection can benefit the sale of your home. Not only does it convey a sense of transparency to buyers, but it also speeds up the selling process. This is because buyers won’t need to worry about potential issues and trust will be established from the get-go. Generally, you can expect to budget between $250-$700 depending on the size of your home and what you need to have inspected. Anything that can be seen and safely assessed is typically included in the inspection. For instance, most inspectors will cover the roof, appliances, electrical systems, plumbing, foundation, and interior features. 

Strategies for a Successful Listing!

Marketing is an essential part of selling your home. However, it’s important to recognize that marketing isn’t always about advertising and taking great photos. It’s also about how you prepare your home to be present in these campaigns. Effectively preparing your house is just as important as your digital marketing. Before you have listing photos taken or an in-person showing, it’s important to get your home in tip-top shape. Performing tasks like decluttering, re-landscaping and applying a coat of paint, can all do wonders for the look of your home. Many sellers also opt to stage their property when it comes time to list for an even better impression. 

Once your home is looking its very best, then you can start to think about physical marketing—for example, photography, videography, 3D tours, brochures and more. With increasing numbers of buyers beginning their search online, having high-quality digital assets to market your property is critical. Hire a professional photographer/videographer to get some unique shots of your property. This will help you stand out from the crowd on listing platforms. It’s also a good idea to write engaging descriptions so that you attract the attention of potential buyers. 

When you’re ready to put your home on the market, make sure that you price your property accurately from the start. Pricing too high or too low can detract interest from your listing. Work with a trusted real estate professional to help you determine the most appropriate price for your property. After all, a great price can make all the difference in how much you make off of your home. 

Contact us Today

If you are planning on selling real estate for sale in Canmore this spring, get in touch today! We are happy to help you achieve this year’s real estate goals. 

Canmore is an incredible area to own a property. Reach out today to learn more about all of the amazing opportunities that come with living in real estate in Canmore. For more information, feel free to message us with any questions or concerns you have about living in this incredible town. Be sure to check back next month for more real estate-related content! We look forward to working with you in the near future!

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Canmore Real Estate for Sale will Soon be Subject to Vacant Home Tax

Over the past few years, Canada’s cost of living has significantly increased. With the price of housing steadily on the rise and interest rates at all-time highs, affordability is a hot commodity. In Canmore, the average home price has gone up. So much so, that it is now rivaling major Canadian cities like Vancouver and Toronto. Because of this, the city is now looking for ways to tackle housing affordability and availability. In 2023, the Town of Canmore began to outline a housing action plan that would begin to find solutions to the housing crisis. More recently, recommendations were made to the town’s council on January 9th, 2024 about how to move forward. In this article, we will be going over some of the details about what’s to come for Canmore real estate for sale and housing affordability. Follow along below to learn more!

The Present Reality of Canmore Real Estate For Sale

Since the beginning of 2023, residents of Canmore have been grappling with a lack of housing availability and affordability. Locals note that many homes are often vacant during the weekdays. 2021 census data indicated that 26% of homeowners in Canmore did not live there full-time. However, it is difficult to pinpoint just how many part-time residents have homes in the town. 

While Canmore has long had the reputation of being a pricey place to settle, many individuals still choose to make it their home. Since 2006, the cost of owning a home in Canmore has gone up 65%. This is about 37% higher than the provincial average. This combined with the fact that more units are termed “tourist homes” than rental apartments, makes the situation even more challenging for permanent residents. In Alberta, the average full-time occupancy rate for housing is 92%. However, in Canmore this figure is substantially lower, sitting at 74%. 

According to CBC, “to keep up with population demands by 2030, a consultant calculated Canmore would need 2,156 units for full-time residents and 500 units to accommodate those with second homes in the town”. Evidently, there is much work to be done to meet the demand for housing and create more affordable opportunities for residents. 

Given this information, Canmore’s livability task force discussed several ways to help reach these goals.

Potential Solutions to Improve Affordability and Availability of Housing in Canmore

  1. Removing Tourist Home Designations

Tourism, while important to the town’s economy, has caused an imbalance in the housing market. This phenomenon is not unique to Canmore, as many other provinces have been dealing with similar issues. For example, in British Columbia, new rules surrounding short-term rentals (STRs) have been introduced to create more housing options for locals. In Canmore, removing the tourist home designation would prevent new tourist homes from being approved after a set date. However, existing tourist homes would remain with this designation. Anyone who continues to operate STRs in Canmore after the date would face a commercial tax rate, regardless of whether the home is being used personally. 

  1. Tax Tools to Support Locals

Another potential solution suggested by the tax force included introducing new tax tools to motivate people to live in their homes full-time. This would come in the form of a rebate program and those who do not qualify would face higher taxes. Officials note that higher tax rates would be introduced gradually so that the town can monitor how the real estate market responds. 

  1. Purpose-Built Rental Incentives

Finally, it was suggested that purpose-built rentals receive some kind of incentive to encourage the development of new projects. Purpose-built rentals are properties that are developed with the sole intention of offering each unit as a rental home. This sort of housing has become increasingly popular in recent years as more young people look to find flexible housing options. One of the proposed incentives was a grant or tax relief program that would exempt new purpose-built rentals from 75% of municipal residential property taxes for 10 years. However, this will come with some conditions. 

Get in Touch Today!

If you are planning on buying or selling Canmore real estate for sale, get in touch today! We are happy to help you achieve this year’s real estate goals. 

Canmore is an incredible area to own a property. Reach out to Alpine Realty today! Learn more about all of the amazing opportunities that come with living in real estate in Canmore. For more information, feel free to message us with any questions or concerns about living in this amazing town. Be sure to check back next month for more real estate-related content!

We look forward to working with you soon! 

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Vacation Homes for Sale in Canmore: 2024 Market Outlook

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Are you looking to buy or sell a property in Canmore in 2024? If you are, you must have all of the information before starting to chip away at this year’s real estate goals! Homes for sale in Canmore and Banff make great lifetime investments. With access to such incredible outdoor amenities and a strong sense of community, it’s no surprise that so many Canadians want to call these towns home. To help you get started with your new year’s real estate goals, we decided it would be best to provide you with a 2024 market outlook. Here, you will find key information about national trends, local insights, and a general idea of what to expect from the market this year. Follow along below to learn more!

Trends and Insights on the 2024 Canmore Real Estate Market

To get a complete understanding of the real estate market in Canmore in 2024, we must examine national trends and their impact on the local market. Recent market forecasts released from RE/MAX and Royal LePage have indicated that Canada will return to near-normal conditions in the months to come. Moreover, the Canadian aggregate home price is anticipated to rise by 5.5% year-over-year to $843,684.

As for interest rates, most experts predict that the Bank of Canada’s key lending rate will remain stable at 5% through the first half of 2024. During the second half of the year, it is expected that modest cuts will be made by the central bank. For this reason, several lenders are already offering discounts on fixed-rate mortgages. This year will likely mark the start of a general acceptance from Canadians towards the new normal for interest rates. For those looking to enter the market, 2024 could present more stability and affordability compared to previous post-pandemic years. 

Major housing markets in Alberta like Calgary and Edmonton are gearing up for a year of high demand. With home prices in provinces like Ontario and BC as high as they are, affordability is hard to come by. Because of this, 2024 will see numerous move-over buyers relocate to Albertan cities. Increased numbers moving to the province could bring more demand to recreational markets like Canmore and Banff. Inventory may become stringent as a result of the influx of new residents looking for places to call home and investors looking to capitalize on cheaper real estate. 

Buying and Selling Vacation Homes for Sale in Canmore in the New Year

Canmore’s epic location in the Rockies has long attracted those seeking a mountain retreat or second home. The town’s proximity to Banff is an added benefit that makes Canmore such an incredible destination. Whether you’re looking for a permanent home or a recreational property, Canmore has plenty to offer. In 2024, the demand for second homes and vacation properties is expected to remain strong. Nearly 40% of the Canmore housing market was made up of recreational properties in the fourth quarter of 2023.

Despite rising interest rates, buyers looking for vacation homes in Canmore have not been dissuaded. In fact, most buyers coming to purchase properties in the area are buying houses without financing. The continued demand for properties in Canmore has resulted in local home prices growing steadily. Canmore’s median home price for recreational detached properties is roughly $1.7 million. On the other hand, recreational condos are sitting just below $700,000.

At the end of 2023, Canmore’s Town Council approved a 7.6 percent increase in municipal tax for the new year. This was done to collect $77 million to run all municipally-led tax and utility-supported services in the area. Consequently, for homeowners who own a property in Canmore valued just under $1M, the annual tax increase would be approximately $150. Between new mid-single-digit interest rates and higher taxes, buyers should be wary of the cost of living. In markets like Canmore where properties are largely comprised of luxury vacation homes, affordability is hard to come by. 

Contact us Today!

If you are planning on buying or selling homes for sale in Canmore, contact us today! We are happy to help you achieve this year’s real estate goals. 

Canmore is an incredible area to own a property. Reach out today to learn more about all of the amazing opportunities that come with living in real estate in Canmore. For more information, feel free to message us with any questions or concerns you have about living in this amazing town. Be sure to check back next month for more real estate-related content and visit our social media page!

We look forward to working with you in 2024! 

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2023 Blog Recap of Houses in Canmore

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Throughout 2023 we wrote several blog articles about all things to do with houses in Canmore and Banff. From real estate career information to specialty property content, we wrote it all! As we get closer to the end of the year, we thought it would be best to continue with tradition and give a brief recap of our blog content from 2023. This way you can get caught up on any missed posts from the year. Follow along below to see everything that we wrote over the past eleven months. 

Houses in Canmore

Houses in Canmore – Winter and Spring Recap

Jan – New Year’s Resolutions for Those With Jobs in Real Estate!

To kick off 2023’s content, we decided to write an introductory post with some New Year’s resolution inspiration for those with jobs in real estate! If you are an agent who is looking for some goal-setting inspiration for 2024, check out this post!

Feb – How to Get Careers in Real Estate in Alberta?

One of the biggest questions that we receive about becoming an agent, is what the process is like to get your real estate license. In this post, we covered the most up-to-date information about the initial process of becoming a real estate agent. 

Mar – How to Get Real Estate Jobs Canmore Part 2

In this post, we covered the last steps in getting your real estate license. Be sure to read part one of this series first, if you have not already!

Apr – All About Buying a House for Sale in Banff

With endless amenities and jaw-dropping, 360 degree views, it’s no wonder that so many people want to call Banff home. In this article, we answered all of your most common questions about buying a house for sale in Banff. 

May –  Houses for Sale in Banff are in High Demand!

In this article, we went over a quick market update for houses for sale in Banff. As well as, provided some information about the main economic drivers in Banff. Check out this post if you haven’t already.

Looking Back at Fall and Summer in Canmore and Banff

Looking Back at Fall and Summer in Canmore and Banff

Jun – Inheriting Family Cabins in Canmore & Market Outlook!

Over the last few decades, many recreational buyers have looked to areas like Banff and Canmore as ideal places to invest in cabins/cottages. In this article, we went over the Canmore cabin market outlook for 2023! 

Jul – Tips on Moving to Houses for Sale in Canmore!

In this article, we wrote about our top tips for relocating to a new neighbourhood. Here, you can find essential advice on how to transition from your old home to your new home, how to make friends, and how to get familiar with your new location. 


Aug – Buying Canmore Houses For Sale in a Competitive Market

With interest rate hikes and the growing needs of homeowners, it has become difficult for Canadians to find a home. In this article, we discussed some tips for buying Canmore houses in a competitive market. 

Sept – Pros & Cons of Making an All-Cash Offer on a Property in Canmore

Making an all-cash offer on a property in Canmore can be a tempting decision. To help you better understand the pros and cons of buying a property in cash, we outlined some of the key details you need to know. 

Oct – Moving to a Small Town: Pros & Cons of Buying Canmore Homes for Sale

If you’re considering buying Canmore homes for sale, we encourage you to read this article! In the post, we took it upon ourselves to list some of the benefits and drawbacks of living in a small town like Canmore. 

Nov – Preparing Homes in Canmore for an Alberta Winter!

Whether you are a winter veteran or a total novice, this post will provide you with some insightful tips about how to get homes in Canmore ready for an Alberta winter. Check out this article if you haven’t already!

Contact us Today!

Thank you to all of our clients for another incredible year in real estate! For more information about buying or selling houses in Canmore or Banff, contact us today! We’d be happy to help you find the perfect real estate for the new year. Be sure to check out our social media for the latest news and updates. And, stay tuned to our blog for more real-estate-related information. We look forward to working with you in the new year! Happy Holidays everyone.

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Preparing Homes in Canmore for an Alberta Winter!

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Fall is almost over! And, if you’re anything like us, you’re eager for the 2023/24 ski season. But, before we can enjoy the winter activities that Canmore and Banff are renowned for, it’s a good idea to prep your home for the change in weather ahead. Winterizing your home is an essential step in preserving its value. Not to mention, a great way to safeguard yourself from unexpected repairs. Whether you are a winter veteran or a total novice, we hope to provide you with some insightful tips about how to get homes in Canmore ready for an Alberta winter. Follow along below to learn more!

How to Winterize Homes in Canmore

  1. Clean Your Gutters

Cleaning your gutters is a must-do task that every homeowner should complete before the seasons change. While it is good practice to empty your gutters a few times per year, it is especially important to do so before winter. During the winter months increased precipitation and freezing temperatures can pose several risks to your home. Namely, water damage. If your gutters are clogged with debris, this can prohibit drainage. Thus, increasing the probability of household leaks. If you are not comfortable with doing this yourself, consider hiring a professional to get the job done. Most service providers can have the task completed in two hours. 

  1. Check Your Roof

Besides your foundation, the roof of your home is one of the most important features. As the weather cools and snow begins to fall, the integrity of your roof will be tested. To make sure that your roof can handle Old Man Winter, it’s a good idea to get outside and inspect it. When checking your roof be sure to keep an eye out for missing, loose or broken shingles.  Furthermore, you’ll want to make note of any damaged, rusted, or missing metal flashing. If you have a flat roof check that: there are no tears/holes in the surface, it’s free from mould, and the seals are in good shape. 

  1. Blow Out Sprinkler Lines

Another item you won’t want to forget is blowing out your sprinklers. If your home has an underground sprinkler system, you’ll want to make sure that these lines are free of water before temperatures dip below zero. Failing to do so can cause the pipes to crack or break, which means your irrigation system will not work come spring. If you’re not sure how to do this, contact a local landscaping company for help! 

More Ways to Prepare

  1. Make Sure You Have The Right Equipment

Before winter arrives, make sure that you take inventory of the winter tools you have on hand and what you need to replace/invest in. For example, you’ll want to ensure that you have a snow shovel, snow brush, the appropriate tires for your vehicle and new batteries in your alarms and detectors. Having the right equipment will make the winter season that much more manageable! Visit your local hardware store to stock up.

  1. Don’t Leave Any Gaps

When you winterize your home, it is a good idea to look for gaps in the sealant around your doors and windows. If you find any, make sure to patch them up before the cooler weather hits. Adding weather stripping to doors and caulking any gaps around your window will make your home all the more insulated. By completing these tasks, you can help to reduce your heating costs and make sure that your home is free of drafts. 

  1. Test Your Heating System

Last but not least, while preparing your home for winter, it is a good idea to test out your heating system. After all, no one wants to experience an Alberta winter without heat! Call an HVAC specialist to come and check out your furnace to ensure that it is fully operational. Typically, as part of this service, HVAC professionals will clean your furnace and change the filter for you. 

Contact us Today About Homes in Canmore!

If you are planning on buying homes in Canmore, contact us today! We are happy to help you determine if Canmore is the right place for you to settle down. 

Canmore is an incredible area to own a property. Reach out today to learn more about all of the amazing opportunities that come with living in real estate in Canmore. For more information, feel free to message us with any questions or concerns you have about living in this amazing town. Be sure to check back next month for more real estate-related content and visit our social media page! We look forward to working with you in the near future! 

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Moving to a Small Town: Pros & Cons of Buying Canmore Homes for Sale

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Moving to a small town certainly has a charm to it. With more and more remote work options, it has become much easier to live outside of large city centres. The flexibility to live where you want has left many Canadians wanting to escape big city life. However, moving to a small town comes with its pros and cons. If you’re considering buying Canmore homes for sale, but not sure if it’s the right move for you, we encourage you to read this article! In the post, we’ve taken it upon ourselves to list some of the benefits and drawbacks of living in a small town like Canmore. Be sure to consider the following factors before making the decision to uproot for a smaller community.   

Cons of Small Town Living: Canmore Edition

  1. The Price of Living in Canmore Isn’t Much Cheaper Than in the City

One of the reasons that people decide to live in a small town is because it tends to be cheaper than living in the city. However, in Canmore, this is not the case. Buyers will quickly notice that the cost of living in Canmore is very high. This is because of the demand for housing, incredible local amenities, and strict housing regulations. If you’re interested in moving to a small town for cheaper real estate opportunities, Canmore is not the right place to settle down.

  1. Fewer Transportation Options

Another downside to living in a small town like Canmore is the fact that public transit options are limited. Nearly all residents who live in Canmore rely on their own vehicles to get around. If you don’t already own a car, you’ll want to think about investing in one. Preferably something that can handle the long Alberta winters. For those who are currently getting by without a car in the city, this is a cost you’ll want to factor in before your move. Be sure to account for maintenance, gas and insurance prices in addition to the total cost of the vehicle. 

  1. Long Winters

Albertans will be the first to tell you about the long winters across the province. From icy temperatures to snow that just doesn’t go, winter can be dreadful. However, if you enjoy skiing and other snowsports, the long winter might be just what you’re looking for. Make sure you think about your tolerance for winter before making the move to a town like Canmore!

Pros of Small Town Living in Canmore Homes for Sale

  1. Location & Access to Nature

Living in Canmore gives you access to some of the best outdoor experiences in Canada! From world-class ski resorts to awesome restaurants, Canmore has it all. In the summer, enjoy hiking, biking, mountaineering, or rock climbing. You can also head to the Bow River for an epic canoeing experience. Once winter arrives, ski and snowboard until your heart’s content! There are also a number of cross-country ski opportunities, skating, and other winter activities. The location and access to nature are Canmore’s biggest draws!

  1. Low Crime Rate

Living in Canmore, you can feel safe knowing that the crime rate is very low. Crime rates in Canmore have consistently been ranked below the national average. In fact, they are among some of the lowest in the whole country. The only thing you need to be on the lookout for is wildlife. Thankfully, most wildlife in the area is not naturally aggressive and will normally avoid human contact. 

  1. You Aren’t Far From the City

Another pro to living in the Canmore, is that you are only a hop, skip and a jump from one of Alberta’s biggest cities—Calgary! If you’re worried about missing out on big city attractions like concerts, sports games, and nightlife, don’t fret. Calgary is only an hour’s drive from Canmore. Thus, making it a short trip back into the city. This way you can still reap the benefits of big-city living without actually having to live in the hustle and bustle. 

Contact us About Canmore Homes for Sale

If you are planning on buying Canmore homes for sale, contact us today! We are happy to help you determine if Canmore is the right place for you to settle down. 

Canmore is an incredible area to own a property. Reach out today to learn more about all of the amazing opportunities that come with living in real estate in Canmore. For more information, feel free to message us with any questions or concerns you have about living in this amazing town. Be sure to check back next month for more real estate-related content and visit our social media page! We look forward to working with you in the near future! 

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Pros & Cons of Making an All-Cash Offer on a Property in Canmore

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Making an all-cash offer on a property in Canmore can be a tempting decision. Especially, if you have the funds to do so. By making an all-cash offer, buyers can forgo the lending process and stand out against the competition. In a market like today’s, this can be incredibly advantageous. However, it is important to understand that making an all-cash offer is not all sunshine and rainbows. In fact, without proper consideration, an all-cash purchase can be a detriment to your financial well-being. To help you better understand the pros and cons of buying a property in cash, we’ve gone ahead and outlined some of the key details you need to know. Follow along below to learn more. 

What’s an All-Cash Offer?

An all-cash offer is pretty well what you’d expect—an offer on a home where the buyer plans to pay for the home without external funding. Thus, removing the need to secure a mortgage. Since buyers who pay in cash do not need to go through the mortgage process, the sale of the home can be processed much quicker. It is important to note that not all buyers who pay in cash intend to live on the property they are purchasing. In many cases, buyers will purchase in all cash with the intent of using the property for income. 

What are the Pros of Buying a Property in Canmore in Cash?

If you have the financial stability to make an all-cash offer, there are several pros. However, regardless of how financially able you are to buy the property without a mortgage, it is still a smart idea to weigh the advantages and disadvantages involved. So, let’s take a look at some of the benefits of an all-cash offer:

  1. Long Term Savings

It should go without saying that buying a home in cash will lead to immense long-term savings. This is because you won’t need to pay interest on your purchase. Factor in current Canadian mortgage rates, and it’s easy to see how a cash purchase can save you thousands!

  1. Stand Out From Other Buyers

Besides saving money on interest, making an all-cash offer is a great way to stand out from other buyers. In a competitive market, this can make all of the difference in you getting the home of your dreams! Not to mention, sellers will be more attracted to your offer since there is less that can go wrong. Thus, giving you the upper hand in negotiating. 

  1. Cheaper Closing Costs

Another perk of paying in cash is that you’ll lower your closing costs. Not having a loan means that you won’t have to pay any of the fees that lenders require at closing. For instance, reviewing your application, checking your credit score, processing your application, etc. 

  1. Faster Transaction

Finally, buying a home without a mortgage will speed up the transaction. Instead of waiting for lenders to process your application and make final considerations, you can skip to the important stuff. 

What are the Cons of Making an All-Cash Offer?

While buying a home in all cash may seem like a no-brainer, some serious cons can arise if you aren’t careful. To get a better idea of this, let’s take a look at some of the disadvantages of buying without borrowing:

  1. Not Enough Liquid Assets

Even if you’re financially able to purchase a home in all cash, you must consider how it will impact your financial situation. For some, buying a house in all-cash could mean that all of their money gets tied up in their house. This can be incredibly dangerous/risky. Having few liquid assets can make it difficult to afford the additional expenses that go along with owning a house. For instance, repairs, maintenance, property taxes, and renovations. If you are planning on buying in all-cash it’s a good idea to speak with a financial advisor to make sure that you aren’t putting yourself in a position you’ll regret. You should also have a substantial emergency fund to ensure all of your bases are covered. 

  1. It’s Easy to Skip Steps

When buying a home in cash, it becomes a lot easier to forgo key steps in the buying process. This is especially true since no lender is forcing you to complete tasks like appraisals and home inspections. Even if you are buying without borrowing, you must complete all the necessary steps to ensure you are making a sound investment. 

  1. No Mortgage Tax Deductions

Another disadvantage of buying a property in cash is that you skip out on the mortgage tax deductions. When tax season rears its head, homeowners with a mortgage can write off the taxes on their interest payments. For those who pay in cash, this deduction is not applicable. 

Contact us Today!

If you are planning on buying a property in Canmore in cash, contact us today! We are happy to help you determine the best course of action when it comes to buying a new home. 

Canmore is an incredible area to own a property. Reach out today to learn more about all of the amazing opportunities that come with living in real estate in Canmore. For more information, feel free to message us with any questions or concerns you have about living in this amazing town. Be sure to check back next month for more real estate-related content and visit our social media page! We look forward to working with you shortly! 

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