FAQ
Frequently Asked Questions
How Do I Get Started Buying A Home?
The first step in buying a home is to determine your budget and get pre-approved for a mortgage. This helps you understand how much you can afford and shows sellers that you are a serious buyer. You can also set up your free Canmore property search portal - this will notify you when new properties come to market that meet your search criteria. Set up your free property search here
Can I Purchase In Banff National Park?
Yes, anybody can purchase a home in Banff National Park. However, there is a specific requirement that the occupant must meet: the occupant must have the need to reside in Banff. This policy helps ensure that the limited housing in the national park is used primarily by those who contribute to the park's community and economy.
What Are The Other Hamlets Around Canmore?
The other hamlets around Canmore are Harvie Heights, Deadman's Flats, Lac Des Arcs and Exshaw.
Where Can I Short Term Rent?
In Canmore, short-term rental opportunities are available in designated properties zoned specifically for this purpose. These areas are commonly situated in Bow Valley Trail, Railway Avenue, Spring Creek, Mountain Village, TeePee Town, and the Town Centre.
What Is Classed As A Short Term Rental?
The Town Of Canmore categorizes these two rental durations as follows: less than 30 days constitutes short-term, while durations exceeding 30 days fall under the long-term category.
What Style Of Property Can I Find?
While searching for vacation rentals in Canmore, you'll commonly come across condominiums or apartment-style accommodations. You might also find two-level apartment-style townhomes.
Whats The Difference Between Hotel Condo and Tourist Homes?
Hotel condos are exclusively designated for short-term rentals, while tourist homes offer the flexibility of either full-time residential living or short-term rentals. Typically, tourist homes command a higher price per square foot compared to hotel condos due to their versatile usage options.
Renting Over 30 Days?
If you are looking at renting over 30 days, such as a month to month or yearly lease, you cannot purchase a short term rental property. Instead you must purchase a property that is zoned for residential living.
What Are The Benefits Of Living In Canmore?
Living in Canmore offers numerous benefits, including access to stunning natural landscapes, a wide range of outdoor recreational activities (such as hiking, skiing, and mountain biking), a vibrant community, and proximity to Banff National Park.
How Many Neighborhoods Are In Canmore?
Canmore is home to 24 local neighbourhoods, you can find out what each neighbourhood has to offer on my neighbourhood guide: https://www.canmorehomesforsale.com/canmore
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