Is Canmore More Expensive Than Calgary?
Move the slider to your budget, or what your Calgary home is worth, and see what the same money buys in Canmore, by property type.
| Property type | Calgary benchmark | Canmore typical | Canmore premium |
|---|---|---|---|
| Detached house | $770,000 | $1,670,000 | 2.2× |
| Semi-detached / half-duplex | $690,000 | $1,149,450 | 1.7× |
| Townhome / row | $455,000 | $1,149,450 | 2.5× |
| Condo apartment | $335,000 | $765,000 | 2.3× |
Calgary figures are CREB benchmark prices (mid-2025, to be refreshed monthly); Canmore figures are the median detached (2024), 3-month average townhome (Dec 2025) and average condo (2024) from this site’s market data. Benchmarks and averages are not identical measures, treat the ratios as indicative.
How the numbers work
Is Canmore more expensive than Calgary?
Yes, by roughly two to two-and-a-half times for comparable property types. A detached home that benchmarks in the high $700,000s in Calgary is typically $1.6–1.7 million in Canmore; condos run about double.
Why is the gap so large?
Canmore sits in a narrow valley bounded by park and Crown land, so buildable land is scarce; about a quarter of homes are second homes; Banff’s ownership rules push demand into Canmore; and it is an hour from a city of 1.6 million.
Are carrying costs also higher in Canmore?
Property tax rates are comparatively low at 0.457% for a primary residence, but out-of-province second-home owners pay 0.833% and tourist homes 0.832%. Use the buyer cost calculator for a full monthly figure.
Thinking about Canmore?
Ask before you fall in love with a listing. Tell us what you’re considering and you’ll get a straight answer, and an introduction to a licensed Bow Valley REALTOR® when you want one.