11/06/2026
🏔️ Shopping for a second home in Canmore?
Under Canada’s latest foreign buyer ban proposal, a resale condo and a brand-new condo could be subject to different rules. Same mountain view, very different buying conversation.
Here’s what the November 5 federal budget proposes:
🏡 Existing and resale homes would remain subject to the federal foreign buyer ban until January 1, 2029.
🔑 New residential properties would be excluded from the ban under the proposal. The budget materials leave the eligibility details and start date open.
📅 For now, the ban remains in force, with a scheduled expiry of January 1, 2027 under current law. The proposed changes still need to be enacted.
If you’re looking at Canmore condos, new construction, or a mountain home for weekend escapes, have your lawyer confirm how the rules apply to you and the property as part of your purchase conditions.
📌 Save this for your search, or send it to someone who’s been keeping an eye on Canmore real estate.
Curious about what’s available in resale or new construction? Send me a DM.
Chezlene Kocian, REALTOR®
RE/MAX Alpine Realty
REMAX Alpine Realty
📸 Trevor Martin, Luxury Property Photographer
Source: Government of Canada, Budget 2026, Annexes 3 and 4.