The Canmore Real Estate market continues to stay extremely strong as we move through the 4th quarter. Year over year sales numbers for the entire market saw at 70% rise in total number of sales and even more impressive was more the apartment style condos and townhomes having more than doubled the number of sales in October 2015. Our supply is very low with only 177 listings at the beginning of the month and now as we hit mid month it is hovering around 150.
The lowest we have seen our listing inventory was 111 in January 2004 without Hotel Condos. Our market still has a large supply of buyers waiting for the right home to buy and hence this market looks like it can continue into the foreseeable future but with the oil prices and general Alberta economy we are still seeing buyers not willing to overspend.