Canmore Real Estate Newsletter February 2020

Steady Market and Sales Rise towards Spring

As we move through February we are continuing to see a steady market with new buyers continuing to be excited to enter the market. Our listing inventory is staying quite stable at just over 200 active listings. We are seeing an increase in new listings hitting the market which is great news for many buyers who are patiently waiting for the right home at the right price to hit the market.

The Sales in January were very consistent with 2019 and we expect to see the activity level continue to rise with the seasonal push as we move into Spring. With family day coming up we often start to see an increase in buyers to the market that have enjoyed a great winter season, or those buyers that are excited for the spring and summer in our mountain paradise.

The short-term rental market continues to stay strong with many units making a solid profit both in a rental program or self managed if the owner decides to manage it themselves. Please call for more details on these strong rates of return keeping in mind that financing is still very challenging for this use, but there are a few financing options we can talk about.

Enjoy your month of February and all the amazing opportunities for adventure and activities we have in the Bow Valley.

I am never too busy for your referrals. Please let me know how I can help your friends and family with all their real estate needs.