Canmore & Bow Valley Real Estate Market Update – February 2026
The Canmore and Bow Valley real estate market is beginning to show early signs of its traditional spring transition, with buyer activity increasing and inventory shifting by property type. January 2026 closed with a total of 32 sales, including 21 residential resales, 11 short-term rental properties, and one residential lot sale, highlighting steady demand across multiple segments of the market.
Compared to January 2025, residential resale activity moderated slightly, while short-term rental sales increased meaningfully. This reflects continued interest from lifestyle buyers and investors seeking properties that offer both personal use and income potential. Despite broader economic uncertainty, Canmore continues to benefit from limited land supply, strong tourism fundamentals, and long-term lifestyle appeal.
Inventory levels entering February remain measured. There are 118 residential listings, closely aligned with 121 listings at the same time last year. While overall listings have risen slightly month over month, the composition of that inventory is where the story becomes more nuanced. Detached and semi-detached home listings declined from 47 to 36, shifting this segment back into balanced market territory after spending much of last summer and fall in buyer’s-market conditions.
Apartment condominium listings increased from 40 to 50 units, largely driven by newly completed employee-use entry-level new construction projects. While this places the apartment segment technically into a buyer’s market, the increase is highly segment-specific and unlikely to materially impact pricing across the broader residential resale market. Well-located, quality apartment units continue to attract steady demand.
Townhome inventory rose from 26 to 32 listings, positioning this segment firmly within a balanced market. Townhomes remain a popular choice for buyers seeking lower-maintenance ownership with more space than an apartment and continue to perform well across most price points. Short-term rental inventory remains controlled, helping to support price stability in that segment.
Anecdotally, market momentum is building earlier than usual. Fourteen sales have already occurred in the first week of February, suggesting buyer confidence is returning as we approach the spring market. Well-priced, well-presented properties are seeing renewed attention, while buyers are becoming more decisive as choice remains limited in key segments.
Overall, the Canmore and Bow Valley real estate market remains stable and resilient. Detached homes have re-balanced, townhomes and short-term rentals are holding steady, and apartment inventory increases are concentrated in specific product types. As we move further into spring, increased activity is expected, with demand likely to absorb much of the new inventory as it comes to market.
