Photo: D. Mulligan · CC BY-SA 3.0Owners in Canmore value their homes at 2.1 times the median of Alberta’s towns
In figures: $850,000 for the median home in 2021, $400,000 for the middle of Alberta’s towns. What homes sold for in Canmore isn’t public: no sale figures are released in Alberta. On the 2024 assessment, the middle residential property is valued at $998,000.
What Canmore’s homes are worth, two ways
Every figure here is compared within the province, against Alberta’s towns, since each province assesses on its own terms. The census asks owners what their home would sell for, so the values are estimates from May 2021.
median, owners’ estimate
- Average
- $943K
- Owners
- 4,500
- Alberta’s towns
- $400K
- The typical Canadian town
- $406K
all residential
- Alberta’s towns
- $297K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
A detached house in Canmore is assessed at 4.1 times the middle of Alberta’s towns
Assessors listed 8,190 residential properties in Canmore for 2024, 38% of them detached houses and 35% condos.
Median assessment by type, 2024 the tick is the median of Alberta’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of Alberta’s towns with their own figure; assessments compare within a province only.
More condos than most: 42% of the homes in Canmore (Alberta’s towns: 15%)
At the 2021 census, 38% of Canmore’s 6,805 occupied homes were single-detached houses. The older half dates from before 2001.
Homes by period of construction the tick is the median of Alberta’s towns
Homes by kind
| Canmore | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 42% | 15% | 8% |
| Needing major repairs | 5% | 5% | 6% |
| Too small for the household | 3% | 4% | 3% |
| Households in core housing need | 4% | 8% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
Canmore permitted 33.1 new homes a year per 1,000, above the 7.5 of Alberta’s towns
From 2018 to 2023, permits in Canmore created 1,443 homes, about 241 a year. Apartments and other multi-unit buildings dominate: only 7% were single-unit, against 69% for Alberta’s towns.
The busiest year: 2019, with 341 new homes
New homes a year per 1,000 homes
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021.
Canmore is 113% above the $400,000 median of Alberta’s towns
The census values of Alberta’s towns, 478 of them with 2,500+ people, from dearest to cheapest.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Cheaper next to Canmore: Bighorn No. 8, Banff and Cochrane
The places around Canmore at the 2021 census: median and average value, and how many own. No closer places have figures: these lie 12–70 km from Canmore.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Canmore | $850K | $943K | 66% | |
| Bighorn No. 8 | $800K | $812K | 82% | 12.4 |
| Banff | $725K | $812K | 42% | 19.4 |
| Cochrane | $448K | $467K | 84% | 61 |
| Improvement District No. 9 Banff | $650K | $640K | 19% | 68 |
| Electoral Area G, East Kootenay | $400K | $434K | 91% | 70.4 |
Census 2021 values; km.
Questions about property prices in Canmore
Is Canmore expensive for Alberta?
Yes: Canmore’s census median is above the $400,000 of Alberta’s towns.
How many households in Canmore are in core housing need?
Statistics Canada puts 4% of Canmore’s households in core housing need, a smaller share than the 8% of Alberta’s towns.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).