Canmore & Bow Valley Real Estate – Q2 2025 Market Snapshot
The Canmore and Bow Valley real estate market delivered another strong performance in Q2 2025, with 164 total sales across all property types—exactly matching the same period last year. This consistency underscores the resilience of local demand and reflects growing buyer confidence, even amid global uncertainty. Detached and semi-detached home sales led the way, while the apartment and townhouse segments also saw multi-year highs in pricing and turnover. As inventory rose modestly this spring, well-prepared sellers and active buyers helped drive a market marked by steady absorption, strategic pricing, and renewed energy.
Townhouses and fourplexes continue to offer attractive value, particularly for buyers priced out of the single-family market or seeking low-maintenance living. Sales hit 42 in Q2, up 36% from Q1 and marking the busiest quarter in over three years. Average pricing came in at $1.16M, with the median holding firm at $1.09M for a second straight quarter. This signals a maturing market that has digested earlier gains and continues to provide steady demand. Many listings are transacting in under 40 days, particularly those with updated finishes, outdoor space, or prime locations near trailheads or downtown.
Detached and semi-detached homes led the way with 47 sales, up from 37 in Q1 and representing their highest quarterly total in over two years. The median sale price reached $1.66 million, slightly down from Q1's peak but still 29% higher than Q2 2024. This segment continues to anchor the market's long-term value growth, with median prices nearly doubling since 2020. Despite elevated pricing, well-presented homes under $2M are drawing strong interest and, in many cases, competitive offers.
The apartment-condo market rebounded sharply in Q2 with 35 sales—up 59% from Q1. Increased listing volume earlier in the spring gave buyers more options, and the renewed activity helped push average prices to $818,649. The median price rose even more significantly to $766,395, a 16% quarterly increase and a new all-time high. These gains reflect stronger interest in newer and renovated inventory, while smaller and entry level units continue to trade in the $650K–$700K range. With inventory sitting at roughly 5–6 months, this segment now appears balanced, but the best listings—particularly those under $800K—are moving at a steady rate.
For buyers, this summer presents a compelling window of opportunity. Inventory has improved, especially in the apartment segment, and borrowing costs are still relatively stable. However, the potential for a Bank of Canada rate cut later this year may spark renewed demand, particularly from investors and end-users on the sidelines. Acting now—before a fall rate shift—could secure more favourable terms and greater choice.
For sellers, the message is clear: preparation is everything. Homes that are professionally staged, priced within 3–5% of recent sales, and marketed through high-quality photography and video are securing top dollar. While average prices in some segments moderated slightly this quarter, long-term value growth remains strong—particularly for detached properties, which have outpaced other segments in price appreciation over the last four years.
Looking ahead to the fall, we anticipate a modest build-up in inventory as summer vacations end and new listings return to the market. Detached supply is likely to remain tight, keeping conditions favourable for sellers. New construction remains limited for detached homes, but several multi-family developments are on track to deliver by late 2025, which should add welcome variety—especially in the apartment and townhome sectors.
If you’re considering a move—or just curious how your home fits into these trends— We would be happy to provide a personalized market update or strategic timing advice.
