Average One-Bedroom Rent in Canmore Hit $2,389 in 2025, Up 10.1% Year Over Year

Average advertised asking rents in Canmore showed mixed movement in 2025 compared with 2024, with one bedroom and three bedroom units increasing year over year while two bedroom and four plus bedroom units declined, according to newly released local rental statistics.

In 2025, the annual average advertised asking rents were:

• One bedroom: $2,389.69 (up from $2,170.97 in 2024)

• Two bedroom: $3,211.35 (down from $3,399.93 in 2024)

• Three bedroom: $4,121.65 (up from $3,959.27 in 2024)

• Four plus bedroom: $4,757.08 (down from $5,895.28 in 2024)

The figures come from rental market tracking conducted by Canmore Community Housing administration. Staff record advertised long term rental listings on a weekly basis by reviewing local property management websites and major online platforms such as RentFaster and Kijiji, excluding short term and 30 day only rentals to better reflect the long term market.

The report cautions that the four plus bedroom category can swing more from year to year because so few large units are listed in any given period. A small number of high or low priced listings can shift the average noticeably.

Fewer listings can push averages around

Advertised rental listings rose sharply in 2025

The number of properties advertised for long term rent increased significantly compared with 2024.

The report recorded 365 total advertised rental listings in 2025, compared with 286 in 2024.

The largest jump came in the second half of the year:

• Q3 2025: 128 advertised listings, compared with 66 in Q3 2024

• Q4 2025: 119 advertised listings, compared with 70 in Q4 2024

According to the report, those totals are closer to listing levels seen in 2022 and 2023, raising the possibility that 2024 represented an unusually low year for advertised rentals rather than a long term shift.

“These numbers are closer to what was being recorded by CCH administration in 2022 and 2023,” the report states

Because the dataset measures advertised listings rather than signed leases, it reflects what renters could see on the market and the asking prices attached to those listings, not final negotiated rents.

Livability Tax noted as one possible factor

The report also points to Canmore’s Livability Tax program as one possible factor behind the increase in advertised rental properties in the latter part of 2025, while stressing that the cause is not definitive.

“It will remain to be seen if 2024 itself was just a down year in terms of advertised properties or there were other forces such as the Livability Tax implementation that may have driven that change in the second half of 2025,” the report says

The Livability Tax applies a higher municipal tax rate to homes that are not occupied by a full time resident for most of the year. Town officials have said the policy is intended to encourage more full time occupancy and help fund non market housing. Council is now moving to narrow the program so the higher tax rate would apply only to non-Albertan second home owners, exempting Alberta residents if the amendment is finalized.

The bottom line

For renters, the 2025 data shows that advertised asking rents remained high, with one bedroom and three bedroom homes posting clear year over year increases. At the same time, more long term rental listings appeared on the market than in 2024, especially in the second half of the year. Whether that increase holds in 2026 will depend on a mix of policy, economics, and owner behavior.