Some locals have expressed concern that American buyers may be snapping up properties for vacation homes which may impact locals, however Christopher Vincent of Sotheby Realty told the CBC that “lock and leave” buyers are interested in different property types to locals and that there is plenty available for all buyers.
The municipality is currently considering various options to tackle housing affordability amid rising prices at a time when unemployment is increasing in Alberta.
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Real estate in Canmore is gaining in popularity with those south of the border as the exchange rate, low interest rates and easing prices make the area more attractive.