White Spruce Lodge Canmore

White Spruce Lodge Canmore is the Spring Creek building that answers the question most buyers in the neighbourhood are asking: can I rent it nightly? Here the answer was built in. The developer sold White Spruce as tourist residential when it opened in 2019, and the Town of Canmore's 2025 assessment roll confirms it: 46 of the 49 titled parcels are assessed Tourist Home. It is also the most expensively assessed of the neighbourhood's tourist-home lodges, which follows from the suite sizes and the age.

What White Spruce Lodge Canmore is, and what the roll shows

The building is a four-storey lodge of 49 suites completed in 2019, on condominium plan 1911938. The developer lists it at 1309 Spring Creek Gate, the address of the Spring Creek sales centre; the assessment roll carries the titles at 905 Spring Creek Drive. Both refer to the same building, which sits a short walk from Main Street between the two creeks. Suites are two- and three-bedroom, roughly 1,600 to 1,745 square feet on the developer's resale listings, with two bathrooms, rock fireplaces, quartz kitchens, hardwood floors and spa-style ensuites. Shared amenities are an outdoor hot tub, an exercise room, a private courtyard, storage and bicycle parking, and heated underground parking, with geothermal in-slab heating and cooling throughout.

On the roll, the classes are 46 Tourist Home, two primary residential and one residential. The Spring Creek guide lists the neighbourhood's lodges and which ones carry the designation; White Spruce, Rundle Cliffs, the Tamarack and Timberstone do, and most of the others do not.

Is nightly rental permitted at White Spruce Lodge

Yes, on the 46 tourist-home titles, with a Town of Canmore business licence per unit at $150 a year and the number shown in every advertisement. The condominium's own bylaws may add rules of their own, so read them. Since 11 March 2025 a residential unit in Canmore cannot be converted to tourist-home use, so the designation here is a fixed asset; an owner can give it up by converting to residential, fee-free until 31 December 2026, but no one can add it back.

What it costs to own at White Spruce Lodge Canmore

Property tax at the 2026 tourist-home rate of 0.832% of assessed value is about $10,300 a year on the roll's median assessment of $1,238,000, and about $14,400 on the top assessment of $1,729,000. The property tax guide explains why a tourist home pays more than a primary residence at 0.457% and less than a hotel condo at 0.957%.

Condo fees on a 2019 building with a hot tub, exercise room, courtyard, underground parking and a geothermal plant are meaningful but the reserve fund is young; the study tells you what has been set aside. If you rent, add management, cleaning and linen, platform fees, Alberta's 6% tourism levy and GST once revenue crosses the threshold or you register.

The five documents that settle a White Spruce purchase

1. 1The assessment noticeConfirms Tourist Home and gives the assessed value the tax is calculated on.
2. 2The condominium documentsBylaws (read the short-term rental clause), budget, financial statements, reserve fund study and two years of minutes.
3. 3The management agreementIf the unit is professionally managed: the split, owner-use rules, refurbishment obligations and exit terms.
4. 4The business licenceStatus with the Town for the unit, and the transfer to your name after possession.
5. 5The unit's own tradingTwo years of monthly figures if it has been rented; Spring Creek's walkability supports the shoulder seasons better than the highway corridor, but the numbers should show it.

How White Spruce compares with the rest of Spring Creek

Against Rundle Cliffs Lodge, White Spruce is ten years newer with larger suites and higher assessments. Against the Tamarack, it has fewer units and a lower-density feel, and it lacks the Tamarack's position on the neighbourhood plaza. Against the residential lodges, it carries the nightly-rental option they cannot have. The Spring Creek guide compares every building.

Who White Spruce suits

A buyer who wants a large, recent, walkable second home with the option of income, and who will pay the neighbourhood's highest tourist-home assessments for it. A full-time resident who wants a building with a hot tub and underground parking and accepts the tourist-home tax rate for the flexibility. It does not suit a buyer who needs high-ratio financing on a rented unit, which cannot be insured.

Financing a unit at White Spruce

Because White Spruce carries the neighbourhood's highest tourist-home assessments, the down payment is the number to settle first. An owner-occupied tourist home can usually be financed conventionally; a unit bought to rent nightly cannot be CMHC-insured, which means 25% to 35% down on a purchase that may exceed $1.5 million at the top of the building. Lenders will want the condominium documents and, if it is managed, the management agreement, and most will count only a fraction of projected short-term rental income. A licensed mortgage broker who works in Spring Creek will know which lenders take the building and on what terms.

What this means if you are buying at White Spruce Lodge Canmore

Confirm the title is one of the 46 tourist homes, read the bylaws on short-term rental, and get the reserve fund study and the management agreement. Price it at 0.832% property tax in the ROI calculator and compare it with the other tourist homes for sale and the rest of the Canmore condo buildings.