Altitude at Three Sisters: A Canmore Buyer's Guide

Altitude Canmore is Logel Homes' 239-home condo and townhome community at Three Sisters Mountain Village, seven buildings and 295,000 square feet of living space, under construction since 2025. Fourteen floor plans run from 431 to 1,392 square feet, condos start at $544,900 and townhomes at $1,175,000, both quoted before 5% GST. The builder publishes prices and specification. It does not publish the deposit schedule, the interim condo fee budget or the tax class your unit will fall into, and those are the numbers that decide what the home actually costs you. This page works through GST, property tax, condo fees, the short-term rental position and what a pre-construction agreement commits you to.

What is Altitude at Three Sisters in Canmore

Altitude is a single-developer, multi-building residential community on the valley floor below the Three Sisters peaks, at the south-east end of Canmore. Logel Homes is the builder, METAFOR Architecture the designer, and the sales centre sits at 10 Cascade Ridge. The Government of Alberta's major projects register records the build as one three-storey apartment building, three four-storey apartment buildings and three three-storey townhouse buildings, 240 residential units in total against the builder's own figure of 239 homes.

It is a residential product, not a nightly-rental product. That single distinction shapes the tax, the financing and the exit, and it is the thing most reprints of the marketing copy never mention. For how this development sits within the wider area, see our guide to Three Sisters Village and the broader Three Sisters neighbourhood; for how it compares with the town's older stock, the Canmore condo buildings hub.

The name is geography, not marketing invention. The site sits directly beneath the trio of peaks the area is named for: Big Sister, the highest at 2,936 metres, Little Sister at 2,694, and Middle Sister between them. If you arrived here searching for the altitude of Canmore itself rather than the development, the town centre sits at about 1,309 metres above sea level, so the buildings stand roughly 1,600 vertical metres below the summit they look up at. Environmental reserve wraps the site and municipal pathway connects the community to the wider Bow Valley trail network, which is why the walking-distance claims in the brochure hold up better here than they do for most new-build sites in town.

Homes

239

condos and townhomes, Logel Homes, 2026

Buildings

7

four apartment, three townhome (Alberta Major Projects)

Floor plans

14

431 to 1,392 sq ft

Living space

295,000 sq ft

Alberta Major Projects register

Condos from

$544,900

before 5% GST, September 2026

Townhomes from

$1,175,000

before 5% GST, September 2026

Altitude Canmore phases, buildings and completion dates

The seven buildings are released in stages, not sold as one block. As of September 2026 the builder was showing condo inventory against Buildings 1, 2 and 3 and townhomes against Buildings 6 and 7, with roughly 31% of the townhomes still available. At the June 2026 grand opening Logel described the project as approaching the halfway mark in just over a year and a half of selling, and said its team finished the first apartment building in about 11 months, against what it puts at a Canadian average of 23 months for a building of that scale. That second figure is the builder's own benchmark rather than an independent statistic, so read it as a claim about pace, not a published construction average.

None of that is a contractual date. What binds anyone is the possession date and the outside completion date written into your purchase agreement. Ask which building your unit is in, what stage that specific building is at, and what happens to your deposit if the outside date passes.

The release sequence also tells you something about who is buying. Logel opened sales to Bow Valley residents first, after a launch event at Elevation Place, and an early purchaser has described that window as running for the first little while before the wider market was invited in. A local-first window is unusual in Canmore and it means the early buildings carry a higher share of owner-occupiers than a purely investor-led launch would. For a resale buyer several years out that matters: a building of full-time residents runs differently from one that empties out on Monday morning, and the first owner-elected board is drawn from whoever actually turns up.

Two purchasers signing at Altitude Canmore in the same month can be buying homes that complete more than a year apart, under different market conditions and, in practice, different interest rates. The building number on your contract therefore matters more than the plan name does. Ask for the release schedule for the buildings that have not yet been priced, because the ones still to come are the inventory your own resale will eventually compete against.

Altitude Canmore floor plans, unit sizes and current pricing

Fourteen floor plans cover one, two and three-bedroom condos from 431 square feet up to 1,392, plus four-bedroom townhomes. Price per square foot generally falls as the homes get bigger, but the pattern is not clean, and the exceptions are where the money is. Every condo plan the builder was showing in September 2026 is below, with the entry townhome for comparison.

The trend holds at the two ends of the list: the smallest condo works out at $944 a square foot and the townhome at $609. In the middle it breaks. The Gibson 2 at 919 square feet is the dearest home per foot in the whole price list at $931, more than the 577 square foot Curnoe, and the top-priced condo is the 1,276 square foot Azure 3 rather than the larger 1,392 square foot Azure 2XL. Aspect, floor level and corner position are doing as much work as size, so compare the plan you want against its nearest neighbours in the list rather than against the range.

Prices are the builder's advertised figures in September 2026 and exclude GST unless a home is specifically marketed as GST included. Standard specification across the homes includes nine-foot ceilings, quartz counters, luxury vinyl plank, soft-close maple cabinetry, an energy recovery ventilator and a sound attenuation system, with a residents-only amenity space, sauna, hot tub and outdoor fireplace.

Two specifics buyers ask about at every Canmore condo and rarely see in a brochure. Parking in the apartment buildings is tandem rather than side-by-side, and the buildings carry electrical infrastructure for EV charging with stations available. Storage is larger than the equivalent Calgary plans, which is the builder's own comparison rather than a measured one. Get in writing whether the stall and the storage space attached to your unit are titled, assigned or exclusive-use common property, because that decides whether they can ever be sold or transferred separately and how a future buyer's lender treats them.

What a pre-construction buyer at Altitude actually signs

You are signing a builder's agreement, not a standard resale contract, and the differences all favour the builder unless you negotiate them. Alberta gives a new-build condo purchaser a 10-day cooling-off period running from signing or from receipt of all disclosure documents, whichever is later. Use it to have a lawyer read the agreement, not to think about paint colours.

A resale purchase is a short, mostly standard contract with conditions you control and a possession date a few weeks out. A pre-construction purchase at Altitude Canmore is a longer document drafted by the vendor, with a completion date that can move, staged money you cannot recall, and remedies that are spelled out in clauses rather than assumed. None of that is unusual for new build in Alberta, and the law behind it is the same law that governs every Canmore pre-construction condo purchase. What is specific to this development is how the phasing interacts with it, because a longer build queue means a longer gap between the day your money is committed and the day you can do anything with the home.

1. 1Deposit and stagingBuilder deposits are usually staged: an initial amount on signing, further instalments at fixed intervals or on construction milestones. Logel does not publish a deposit schedule for Altitude, so ask for it in writing early: confirm the total, the instalment dates, whether they are calendar-driven or milestone-driven, and that the money sits in a lawyer's trust account rather than with the builder.
2. 2Possession date versus outside completion dateThe possession date is the target. The outside completion date is the long-stop after which you may have a right to terminate and recover your deposit. Read the delay and extension clauses, because builders commonly reserve the right to move the date without penalty.
3. 3Assignment before closingMost builder agreements restrict or prohibit assigning your contract before possession, or charge a fee and require consent. If your plan is to flip before completion, assume you cannot, and note that GST has applied to assignment sales since 7 May 2022.
4. 4Finishes, substitutions and the deficiency walkthroughAgreements typically allow substitution of materials of equal or better quality. Attend the walkthrough yourself, list every deficiency in writing before you take possession, and photograph everything.
5. 5New home warrantyAlberta's New Home Buyer Protection Act sets minimums: one year on labour and materials, two years on electrical, plumbing, heating and ventilation systems, five years on the building envelope and ten years on major structural components. The warranty is provided by an authorised warranty company, not by the builder.
6. 6Mortgage timingA rate hold rarely runs as long as a pre-construction completion date. Expect to requalify at possession under the OSFI stress test, which is the greater of your contract rate plus 2% or 5.25%.

Two items deserve special attention if this is a second home. First, mortgage financing on a recreational property is priced and underwritten differently from a principal residence, and CMHC's insured Second Home product caps out at a $1.5M purchase price with owner occupancy required and no rental use. Second, plan for the gap between deposit and possession, which the deposit on a Canmore home page sets out. Out-of-province purchasers should also read buying property in Canmore from out of town before signing anything remotely.

Does the Altitude Canmore price include GST, and do you get the New Housing Rebate

Almost always no, and almost certainly no. New construction attracts 5% GST, and builder pricing in Canmore is normally quoted before it. On a $544,900 condo that is $27,245, taking the real cost to $572,145. A home advertised at $979,900 with GST included is a pre-tax price of about $933,238 with roughly $46,662 of GST inside it.

The federal GST/HST new housing rebate is the part buyers most often assume they will get. It phases out between $350,000 and $450,000 of fair market value and is nil at $450,000 and above. No home at Altitude sits below that line, so the rebate is worth nothing here regardless of whether you live in it. The first-time home buyer GST rebate is a separate, newer measure with its own agreement-date and value conditions, and it is the only realistic federal relief at these prices. Work the numbers with the buyer cost calculator and our GST on new construction in Canmore guide, then have an accountant confirm your position.

Condo fees, reserve fund and unit factors at a brand new corporation

A new condominium corporation starts on an interim budget the developer prepares, and interim budgets are estimates made before anyone has run the building through a Bow Valley winter. Your monthly fee is that budget divided among owners by unit factor, the share recorded on the condominium plan, which roughly tracks unit size rather than which floor you are on.

Logel does not publish a fee schedule for Altitude Canmore, so ask the sales centre for the interim budget and the monthly figure for your exact plan and unit factor before you waive conditions. A fee quoted for the smallest plan in the building tells you nothing about a 1,392 square foot Azure. Ask for the draft bylaws in the same breath: they are where pets, minimum lease terms and the use of your parking stall are actually settled, and on a brand new corporation the developer writes them rather than the owners. If you intend to let the home long term, confirm the bylaws permit it and check whether they set a minimum lease term, which is common in Alberta and is the ordinary mechanism a corporation uses to keep nightly rental out.

Three things to watch in the first three years. Insurance, which has risen sharply across Alberta and is usually the largest single line. The first owner-controlled budget, once the board is no longer developer-appointed. And the first reserve fund study, which Alberta requires from a qualified provider with a board-approved funding plan, updated at least every five years. A brand new building has no immediate roof or envelope liability, which is genuinely reassuring, but it also has an empty reserve fund and thirty years of contributions to start collecting. Read our Canmore condo fees explainer and the condo buying guide for the documents you can demand: the information statement is capped at $100, the estoppel certificate at $200, and the corporation must respond within 10 days.

Can you short-term rent at Altitude, and which tax rate applies

Do not buy here on the assumption that you can rent nightly. Since 11 March 2025 Tourist Home is no longer a permitted use in Canmore's established residential districts. It remains permitted only in Silvertip's STR-1 and STR-2 districts and on the Three Sisters Village parcels identified in that Area Structure Plan. Permission is unit-level, and a Town business licence is required per unit with the number in every advertisement. If nightly rental matters to you, confirm the land use district on the specific title in writing before waiving conditions, using our Canmore tourist home zoning guide as the checklist.

What is available instead is a long-term tenancy, subject to the condominium bylaws and any minimum lease term they impose. CMHC's October 2025 rental survey put Canmore's average rents at $1,858 for a one-bedroom and $2,438 for a two-bedroom. Those are the numbers to model an Altitude Canmore condo against, not a nightly rate. A two-bedroom at the town average grosses about $29,256 a year, before the condo fee, the mortgage and roughly $6,425 of property tax if the unit is not your primary residence.

The tax question is more immediate, and it bites every out-of-province buyer. Canmore's 2026 rates are 0.457% all in for a primary residence and 0.833% for a residential property that is not a primary residence, the difference being the Livability Tax inside the municipal portion. Provincial legislation exempts properties owned wholly or partly by Alberta residents, so this mainly lands on buyers from elsewhere. A primary resident is someone living there at least 183 days a year and at least 60 consecutive days, and the declaration is due 31 December.

Rates from the Town of Canmore's 2026 Rate of Taxation Bylaw, applied to advertised prices before GST. Assessment, not purchase price, is what the Town actually bills on. See the Canmore Livability Tax explained for the declaration rules and the Alberta-resident exemption.

Three Sisters Village: Gateway, trails and what is still to be built

Some of what is sold here already exists, and some does not yet. The Gateway at Three Sisters is real: a 22,000 sq ft IGA at 300 Cascade Drive opened on 16 April 2026, with Sobeys Liquor, Dollarama and Pet Valu trading, and 50 employee-housing beds delivered in May 2026 with 150 more due in 2027. The pharmacy is not there; Three Sisters Pharmacy is at 75 Dyrgas Gate.

What is not built is substantial. The first phase of the Three Sisters Village plan alone contemplates 700 to 1,075 units on 29.1 hectares including more than 400 rental units, and the wider Three Sisters and Smith Creek plans together contemplate roughly 7,000 homes over decades. A wildlife underpass with $15M committed in Alberta Budget 2023 was expected to begin construction in 2026, and Smith Creek cannot proceed until it is complete. In practice that means years of adjacent construction traffic and noise, and view corridors that later buildings may close. Ask to see the site plan for the parcels immediately around your building before you pay a premium for a view.

Altitude compared with Canmore resale condos in 2025

New build here is not obviously cheap or obviously expensive; it is a different trade. In 2025 the average Canmore apartment condo sold at $814,000 and the average townhouse at $1.15M, across 483 residential sales for the year. Altitude condos run from $544,900 to just over $1M before GST, and townhomes start at $1,175,000, so headline prices sit broadly in the same band, before you add 5% GST that a resale purchase does not attract.

That last point matters most on a five-year hold. While a developer is still releasing homes at list price with incentives, a private seller in the same complex is competing against a builder who can discount and throw in upgrades. Buyers planning a short hold should assume the exit is harder until the final building closes out.

Buyers arriving from Calgary usually ask how the running cost compares. On a $770,900 condo at Altitude Canmore a primary resident pays about $3,519 a year in property tax, and Canmore's 0.457% primary rate is below Calgary's 2026 residential rate, so the mill rate is not what makes Canmore expensive. Our Canmore versus Calgary comparison runs that trade-off across the whole market. On this page the number that matters is the one above, and whether you will be paying it at 0.457% or at 0.833%.

What this means if you are buying at Altitude

Price an Altitude Canmore home properly first: advertised price, plus 5% GST, plus the tax class you will actually fall into, plus a condo fee set by an untested interim budget. On a $770,900 condo bought as a second home by a non-Albertan, the property tax alone is about $6,425 a year rather than $3,519. Then get four things in writing before you release conditions: the deposit schedule and where the money is held, the outside completion date and what happens if it passes, the land use district on your specific unit, and the interim budget with the reserve fund plan and the draft bylaws. Have an Alberta lawyer read the builder agreement inside the 10-day period. Everything else is finishes.