{"id":474015,"date":"2022-07-14T17:11:35","date_gmt":"2022-07-14T14:11:35","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cottage-industry-canmore-the-mountain-town\/"},"modified":"2022-07-14T17:11:35","modified_gmt":"2022-07-14T14:11:35","slug":"cottage-industry-canmore-the-mountain-town","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cottage-industry-canmore-the-mountain-town\/","title":{"rendered":"#Cottage Industry: Canmore, &#8220;the mountain town&#8221;"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2c0b5c2450c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2c0b5c2450c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/cottage-industry-canmore-the-mountain-town\/#%E2%80%9CCottage_Industry_Canmore_%E2%80%9Cthe_mountain_town%E2%80%9D%E2%80%9D\" >&#8220;Cottage Industry: Canmore, &#8220;the mountain town&#8221;&#8221;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/cottage-industry-canmore-the-mountain-town\/#Canmore_Alberta\" >Canmore, Alberta<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CCottage_Industry_Canmore_%E2%80%9Cthe_mountain_town%E2%80%9D%E2%80%9D\"><\/span>&#8220;Cottage Industry: Canmore, &#8220;the mountain town&#8221;&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n                            Surging prices, bidding wars, blind offers\u2014the search for seasonal real estate has become a battlefield. Tales from 10 of Canada\u2019s hottest vacation towns.\n                        <\/div>\n<div>\n<p class=\"p3\"><em>In the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/canadianmags.ca\/products\/copy-of-macleans-single-issue\">July issue<\/a> of Maclean\u2019s, and each week here online, recent buyers divulge what they had to do to acquire the cottages of their dreams: pool family money, send relatives for viewings, hop on the first flight to Atlantic Canada post-bubble, or buy sight unseen, sometimes from thousands of kilometres away.<\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Canmore_Alberta\"><\/span>Canmore, Alberta<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Average recreational property price (2021):\u00a0<\/strong>$1,360,000<\/p>\n<p class=\"p1\"><b>The Market:\u00a0<\/b>In the shadow of the picturesque Rocky Mountains, Canmore is regularly overrun by seasonal tourists looking to get their thrills from hiking and choppering around the Bow Valley\u2019s craggy cliffs. Those who dare to enter Canmore\u2019s current recreational real estate market also require an adventurous spirit. The area\u2019s selection of row houses and standalone vacation homes are highly sought-after, so much so that prices jumped 33 per cent between 2020 and 2021. Recent attention from out-of-province buyers\u2014and Alberta locals with a new <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>reciation for the area\u2014has pushed Canmore\u2019s once-rugged inventory into luxury-price territory.<\/p>\n<p class=\"p1\"><b\/><strong>The Buyers:\u00a0<\/strong>Alice Abbott, a 58-year-old cryptocurrency executive, and her husband, Desmond Brown, a 63-year-old real estate agent.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-sizes=\"auto\" class=\"aligncenter wp-image-1238194 size-full lazyload\" src=\"https:\/\/www.macleans.ca\/wp-content\/uploads\/2022\/07\/IMG_20210811_092058_431-e1657807554183.jpg\" alt=\"\" width=\"1412\" height=\"748\"\/><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>Alice:<\/b>\u00a0<\/span>I talked to some girlfriends about their retirement plans, and they made me reconsider my own. Desmond and I had mulled over a few destinations\u2014Costa Rica, Italy and London\u2014but we never felt at home unless we were in Canada. My mom lived in Canmore in the mid-\u201990s, and I loved how close it was to the mountains. It seemed to be the best fit.<\/p>\n<blockquote><p><strong>RELATED: Cottage Industry: Invermere, the \u201cbest-kept secret\u201d<\/strong><\/p>\n<\/blockquote>\n<p class=\"p1\">I took a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a> out west last year with our youngest son, Felix, and spent a half-day with a Canmore real estate agent looking at vacation properties. When we got back to Ontario, I had another agent set me up to receive email listings tailored to our parameters. We wanted a place with three bedrooms that allowed short-term rentals and was walking distance from coffee, groceries and the restaurants of Canmore\u2019s downtown strip. Properties facing Banff National Park can go for a premium, but paying a bit more for a view of Three Sisters and Ha Ling Peak was worth it to us.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">At first, I couldn\u2019t imagine buying real estate from a video walk-through, but it\u2019s a big expense to fly across the country to see places that might sell before you can get out there. Canmore\u2019s prices go up so quickly that a property\u2019s value is determined by what comparable places sold for the day before. We bid on a three-bedroom condo in late January, which was listed at $749,700. We offered $853,000, knowing there were multiple bids. My realtor told me to sit down before she told me the winning amount. I said, \u201cWell, if I\u2019m going to lose, I better lose by a lot.\u201d It sold for $981,900. Des and I realized we needed to increase our budget.<\/p>\n<blockquote><p><strong>MORE: Cottage Industry: Okanagan, \u201cthe million-dollar market\u201d<\/strong><\/p>\n<\/blockquote>\n<p class=\"p1\">In April, we found a unit in a self-managed <span class=\"s1\">fourplex that was very modest\u2014not all mod<\/span>ern slate finishes. I had passed over it several times, but without more inventory coming onto the market, we decided to ask our agent about a showing. It sold before we could see it, but a week later, another unit in the same fourplex hit the market. It ticked our boxes right away: it faced the mountains, the light and layout were good and it had ample storage. It was listed at $928,800, but I wanted to offer a little bit extra to secure it. We did a video tour on the 28th, and the next day, we offered $1,018,000\u2014$13,000 above what the previous unit went for. The sellers accepted.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">Maybe they would have jumped at less, but we didn\u2019t want to lose out again. Plus, it won\u2019t matter in a couple of years\u2014we\u2019ll just be happy we have this place. I can\u2019t wait to see it in person. It closes at the end of June, and we have one buyer visit before then.<\/p>\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>This article appears in print in the July 2022 issue of<\/em>\u00a0Maclean\u2019s\u00a0<em>magazine. Subscribe to the monthly print magazine\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/secure.macleans.ca\/loc\/MME\/head_subscribe\">here<\/a>,\u00a0or buy the issue online\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" class=\"c-link\" tabindex=\"-1\" href=\"http:\/\/canadianmags.ca\/products\/copy-of-macleans-single-issue\" data-stringify-link=\"http:\/\/canadianmags.ca\/products\/copy-of-macleans-single-issue\" data-sk=\"tooltip_parent\" data-remove-tab-index=\"true\">here<\/a>.\u00a0<\/em><br \/>\n<img loading=\"lazy\" decoding=\"async\" data-sizes=\"auto\" class=\"aligncenter wp-image-1237505 lazyload\" src=\"https:\/\/www.macleans.ca\/wp-content\/uploads\/2022\/06\/COVER_.09375_DRE-e1655330793623.jpg\" alt=\"\" width=\"366\" height=\"500\"\/><\/p>\n<div class=\"under-article-widget-nl\">\n<p class=\"under-article-widget-title\">Looking for more?<\/p>\n<p class=\"under-article-widget-description\">Get the best of <em>Maclean<\/em>&#8216;s sent straight to your inbox. Sign up for <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>, commentary and analysis.<\/p>\n<p>                <iframe style=\"display:none;width:0px;height:0px;\" src=\"https:\/\/www.macleans.ca\/economy\/realestateeconomy\/cottage-industry-canmore-the-mountain-town\/about:blank\" name=\"gform_ajax_frame_26\" id=\"gform_ajax_frame_26\" title=\"This iframe contains the logic required to handle Ajax powered Gravity Forms.\"><\/iframe><\/p><\/div>\n<\/p><\/div>\n<p><script async defer crossorigin=\"anonymous\" src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/www.macleans.ca\/economy\/realestateeconomy\/cottage-industry-canmore-the-mountain-town\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Cottage Industry: Canmore, &#8220;the mountain town&#8221;&#8221; Surging prices, bidding wars, blind offers\u2014the search for seasonal real estate has become a battlefield. Tales from 10 of Canada\u2019s hottest vacation towns. In the July issue of Maclean\u2019s, and each week here online, recent buyers divulge what they had to do to acquire the cottages of their dreams:&#8230;<\/p>\n","protected":false},"author":1,"featured_media":474016,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.macleans.ca\/wp-content\/uploads\/2022\/07\/3-605-4th-street-exterior-3-766x431.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[131390,130868,71226],"class_list":["post-474015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-canmore","tag-cottage-industry","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/474015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=474015"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/474015\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/474016"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=474015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=474015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=474015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}