Canmore is a key destination for recreational properties and tourist-oriented rentals. The numbers of tourist homes and short term accommodations have been growing in Canmore over the past decade. Tourist homes rose about 33% from 2013 to 2022, while short-term accommodations grew 25% from 2014 to 2022. However, Canmore’s housing and rental market is undergoing significant changes, with a housing action plan that includes new policies reshaping how properties can be used and taxed. These shifts directly impact owners of recreational and rental properties. The changes center around three key areas: adjustments to tourist home regulations, incentives for primary residence…
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