happy new year, we hope it is healthy and happy for ?· happy new year, we hope it is healthy and...
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Happy New Year, we hope it is healthy and happy for you. It has been a very strong year in Real Estate in Canmore. Sales volume was up over 30% in 2016 over 2015 and 27% higher sales volume than the 15 year average. The total sales of 2016 matches the previous record highest sales volume of 2002 with 557 sales. The most dramatic increase in number of properties sold were in the residential and Hotel Condo markets. We also saw a strong increase in number of sales of Duplex homes.
The 4th quarter of 2016 stayed incredibly strong which we historically have not seen and was just short of being the best 4th quarter of the last 15 years for sale volume. The strong 4thquarter has led to a continued reduction in listing inventory in the market
that we have not seen since 2004. The previous low listing inventory was at 111 in 2004 and January 2017 inventory was 122 which also includes 11 Hotel Condos, those Hotel condos did not even exist back 15 years ago in 2004. We feel 2017 could only be close to this volume if the inventory were to increase or at least provide a steady flow of supply as there are buyers for the right property at the right price, do you know anyone thinking of selling? We saw increases in the average sale prices of single family homes of over 3.5%, hotel condos of close to 38%, Condos of over 6% and Duplexes of over 5%. Median prices closely mirrored those increases by the most part. We do expect to see a typical increase in inventory through the next 4 months but we are not expecting any type of flooding or deluge, more of a typical flow to the market. Interest rates and a weak Canadian dollar will continue to help support the Canmore and Banff Real Estate markets. We continue to see new retiring Baby boomer buyers entering the market looking to Canmore as the ideal location for their active retirement years. On the Commercial side we have seen a pickup in interest. Some international buyers are looking around for sound long term investments; please do contact us if you are thinking of selling as we have many buyers looking. When interest rates do go up the rates of return may not look as favorable as they presently do in this low interest rate environment unless lease rates can follow. (i.e. if the cost of borrowing goes up, a commercial investor buyer may not be able to pay as much for your asset, and in turn any potential Cap rate changes could possibly lower the price what the asset can sell for if rents stay the same or dont keep up to the increased borrowing costs) If you are considering selling any assets now, in the future or even for estate planning we would love to spend some time with you and offer our assistance. Lastly, we are here to help you or anyone you know for all your real estate needs. We are never too busy for your referrals, and remember to Like our Facebook page to stay updated with all of our new listings!
Includes all listings in Canmore, Harvie Heights, Lac Des Arcs, and Exshaw Average price and median price information can be useful in establishing trends over time, but does not indicate actual prices
in areas with widely divergent properties or differentials between geographical areas
Brad Hawker Drew Betts Broker Associate Broker
Thank you for dealing with the Brad Hawker Real Estate Team, please advise us if you wish change the frequency of the delivery.Your choices are monthly, quarterly or yearly before Christmas. This brochure is not intended to breach any existing agency agreement.
Canmore Winter Carnival
The Canmore Winter Carnival is back for another year with free celebrations and events. The carnival
will include the International Biathlon Union Cup Races, Xterra Triathlon and Chandra Crawfords Fast
and Female. Ski and dog sled race events will take place on a snow covered Main Street and the public
are also invited to bring their cross country skis to enjoy the set ski track on Main Street. Street hockey,
ice carving, log sawing, and snow sculpting events will all take place in downtown Canmore throughout
February 4 & 5 Ice Carving Weekend
All of the action will take place at the Civic Centre
* February 4 Ice Carving Competition
* February 5 Mountain Freezies Kids Ice Carving, log sawing competition, pooch parade , sugar
shack, bonfires and marshmallows
- Registration for kids ice carving will open on January 16 at 7 a.m. through zone4.ca
February 11 & 12 Gallery Crawl + Snowy Owl Kid N Mutt
* February 11 Gallery Crawl downtown Canmore
* February 12 Snowy Owl Kid N Mutt Races: individual and family challenge Canmore Nordic
- Registration will open on January 16 at 7 a.m. through
New to town? Want to do something different or connect with new people?
Join us as an event volunteer! There are many shift options with different level of responsibility /
We are always in need of volunteers and our events are a fantastic opportunity to meet new people, have
fun and connect with old friends.
If you are interested in volunteering or for more info please contact:
Events Coordinator 403-678-8939
The Hawker-Betts Real Estate Team
101, 710 10th Street
Canmore, AB T1W 0G7
Direct: (403) 678-7557 Office: (403) 678-5113