As has been shown in Vancouver, vacancy taxes don't increase housing supply or affordability

You can save this article by registering for free here. Or sign-in if you have an account.

Canmore, Alta., is a picturesque town offering people who live there the joys of fresh air, mountains and skiing. The town provides the good life to higher-income Albertans: median family income is $125,000, 30 per cent higher than in the rest of Alberta.

Subscribe now to read the latest news in your city and across Canada.

Subscribe now to read the latest news in your city and across Canada.

Create an account or sign in to continue with your reading experience.

Create an account or sign in to continue with your reading experience.

As of 2023 about three-quarters of Canmore’s 9,100 dwellings were occupied by individuals or families who were residents, while other homeowners were non-residents.

In addition to its natural attractions, Canmore has also been financially well-managed. The latest financial statements show a surplus of $11 million (on revenues of $83 million and expenditures of $72 million), largely due to surging investment income and development levies. A 2023 Ipsos survey of 400 residents indicated that over 90 per cent were satisfied with their quality of life. Any mayor or councillor would also be thrilled at the 85 per cent support for the town’s programs and services.

Get the latest headlines, breaking news and columns.

By signing up you consent to receive the above newsletter from Postmedia Network Inc.

A welcome email is on its way. If you don't see it, please check your junk folder.

The next issue of Top Stories will soon be in your inbox.

We encountered an issue signing you up. Please try again

Interested in more newsletters? Browse here.

There is one large cloud darkening the sky, however. The survey found concern over housing affordability. This........

© Financial Post