Silvertip's New 70-Unit Building Is Almost Sold Out, and Nearly Every Buyer Will Use It as a Rental Property

Cadence Pond, a new development at Silvertip Resort, has sold nearly all of its 70 condominiums, and every buyer so far has signed up to rent their unit out short-term through the resort's own rental program.

Cadence Pond broke ground on Aug. 18 alongside the sixth hole of the Silvertip Golf Course, with Canmore's mayor, members of council, Stone Creek's buyers, construction and design partners, and media in attendance, according to Guy Turcotte, founder and CEO of Stone Creek Resorts.

The units are priced from the low $600,000s to $2.3 million, with the pricier units already sold. Turcotte said fewer than half a dozen homes remain for sale. Construction, led by Calgary-based Traugott Construction, is expected to wrap up in the second quarter of 2028.

"It's one- and two-bedroom residences. They have the tourist home zoning, so they qualify for overnight rentals, short-term stays," Turcotte said. "People have a choice to put it in a rental pool or not, but if they do, they put it in the Stone Creek Silvertip management rental program. This is the first building we've brought this program to at Silvertip."

There are no occupancy or residency restrictions on any of the units in the development, and no cap on how many nights an owner can use their unit personally versus renting it out. Each buyer decides for themselves.

"We have very specialized zoning," said Jane Jordet, head of marketing for Stone Creek Resorts. "So buyers that buy into Cadence Pond do have the opportunity to rent their home if they choose to, and we are finding that 100 percent of people that have purchased are choosing to do that."

Units get "hotel-like services," including for short-term rentals booked through the management program. These services include cleaning, concierge and shuttle service, plus access to the golf course and other resort amenities. The building also includes a wellness floor with saunas and a lounge floor with gathering space.

"It's not like a typical Airbnb where you're just renting out a place," Jordet said.

There is also what Turcotte called "a generous amount" of EV parking, but those amenities are for residents and renters only and are not open to the public.

Turcotte described the building as an extension of Silvertip's resort offering rather than a standalone real estate project. He called Cadence Pond Silvertip's "most affordably priced product" to date, a function mainly of its smaller unit sizes.

Cadence Pond is phase seven of a Silvertip master plan that Turcotte said runs to roughly 15 phases in total. Silvertip Village was approved as a four-season master-planned community in 2007, when council established Silvertip's Village Core, the resort's separate commercial and lodging hub, as its own direct control district. Turcotte has been involved with the project through Stone Creek since 1993.

"It's been a long time evolving, this project," he said.

Phases still to come include conference space, additional restaurants and retail in the Village Core, spas and more resort accommodation, he said.

The 2007 plan was an update to a plan dating back to 1990 and caps the Village Core district at 1,290 resort and visitor accommodation units. That cap applies specifically to the Village Core, a different district from the one governing Cadence Pond. Silvertip is also zoned for a total of 750 residential units, at least 352 of which have been built, and 850 employee housing units.

According to the Town's Land Use Bylaw, Cadence Pond sits within one of Canmore's limited number of residential districts where a "Tourist Home" is listed as a permitted use alongside apartment buildings and townhouses. According to the bylaw's amendment history, council amended the building height rules in July 2025 specifically for the parcel where Cadence Pond is located to accommodate underground parking.

Not every future phase will look like Cadence Pond. Turcotte said Stone Creek holds one block of land that will not permit short-term rentals, and that "there will be some residences possible down the road" built specifically for permanent living rather than resort rental. He did not offer a timeline for that phase.

Silvertip Gondola Update

The Silvertip Gondola, a proposed sightseeing gondola that would integrate into the resort and run from a base station near Palliser Trail to a station at Silvertip Village and then to the summit ridge of Mount Lady Macdonald, remains in the land-designation phase.

Its status is unchanged since the last time Bow Valley Insider reported on it.

Public engagement on whether to redesignate land near the resort under the province's All-Season Resorts Act closed on May 14, but the proposal is still under review, according to the province's website.

Alberta's All-Season Resorts Act is provincial legislation that allows the government to designate specific areas of Crown or private land as "all-season resort areas," a status intended to streamline the development of year-round mountain resorts.

Under the Act, designation is the first of three steps, according to provincial documents. An area first has to be designated as an All-Season Resort Area before a company can apply to build on it, and designation itself does not approve any development.

If the land is designated, a formal application would still require a Master Development Plan, environmental assessments, Indigenous consultation, public engagement, and financing and infrastructure plans before regulators could sign off on construction.

"We're going through a process with the province under this new All-Season Resorts Act. We're waiting for our next steps from this process, and that should be coming out in the not-too-distant future," Turcotte said.

No application has been submitted by Stone Creek Resorts because the province has not yet decided whether to redesignate the land. The gondola, if approved, could eventually include a day lodge, viewing platforms and hiking trails.

"It's the province that makes that decision," Turcotte said, "so it's sort of out of our hands."

Part of the proposed gondola route cuts into Bow Valley Wildland Provincial Park. According to the province's discussion document, before that land could be designated, two separate changes would be required: an amendment to the South Saskatchewan Regional Plan and a boundary adjustment to the Wildland Park itself under the Public Lands Act.

Alberta's All-Season Resorts Branch did not respond to a request for comment before publication.