The Canmore Math
Your Canmore weekends add up.
Start with what you already spend to stay here. Then change the home, down payment, rate and number of nights you use it. See how the numbers change with you.
Calculator 1
What you already spend to visit.
You love it here — so you keep coming back, and paying for a room every time. Put in what a night costs and how often you come up. This is money you spend and have nothing to show for.
Pre-filled with an illustrative peak-season rate — edit it to match what you actually pay. Actual accommodation costs vary. E&OE.
This same number is used below to work out your cost per night of ownership.
What hotels cost you
The other half of the sum
You know what the weekends cost. Now put ownership next to it.
Calculator 1 is only the money going out. The question it raises is the one that actually decides this: what does owning here really cost per month once the mortgage, the condo fee, the Canmore property tax and the equity you build are all in the same place — and what does that work out to per night you actually use it?
That is calculators 2, 3 and 4. They are live tools, not a brochure: change the price, the down payment, the rate, the amortisation, and watch the answer move.
The Canmore Math
Open the ownership calculators.
Tell us where to send it and the rest of this page unlocks straight away:
- Calculator 2 — what owning costs to carry each month, and how the principal you repay and the appreciation you assume change that picture
- Calculator 3 — the verdict: hotels versus owning, side by side, over ten years
- Calculator 4 — what you can afford, worked backwards from your budget
One form gives you access to every Colliery Parc tool — the Homes, the Weekender Guide and this calculator. These are illustrative tools, not mortgage advice or an offer of finance. Figures confirmed at the showhome. E&OE.
Calculator 2
What it costs to own it — per night you use it.
Now the cost of owning at Colliery Parc: mortgage, condo fee and Canmore property tax, all in. The calculator finances the GST-inclusive total, because that is what you actually borrow against. There is no ground rent to add.
Two representative homes. Condo fees differ by building and plan — the fee shown is the one for the home selected.
$599,048 + $29,952 GST = $629,000 · condo fee $239.98/mo
Rate is an editable placeholder — use your own quote. Payment uses Canadian semi-annual compounding.
A deliberately conservative default — set your own, even 0%. An assumption, not a guarantee.
All-in cash cost to hold
Calculator 3
Hotel nights vs. a home of your own.
Same visits, side by side. One column you never get back; the other you partly keep.
At your numbers
Over 10 years
Same visits, ten years. Hotels cost about $193,500, with no value retained. Owning — after the principal you repay and the appreciation you assume — works out to about $71,000, and you finish owning a home worth roughly $845,000. Per night you actually use it, owning runs about $220 against a hotel's $430.
Calculator 4
What could you afford?
A rough, no-signup estimate of the mortgage and home price your income supports — using standard lender ratios. Not a pre-approval; a starting point for a real conversation.
Car loans, credit cards, lines of credit, support payments.
A rough estimate
Where the Colliery homes land for you:
Prices, figures and availability confirmed at the showhome. E&OE.
In-town, on foot
Two blocks from downtown. Two blocks from the river.
You're not buying a condo out by the highway — you're buying a walkable home in the middle of Canmore. Every number on this page is for that.
The rest of the picture
What's included, and what isn't
The calculators above cover mortgage, condo fee and property tax. These are the other things that actually change your number — stated plainly, with nothing dressed up.
$10,000 appliance package included
Every home includes a $10,000 appliance package — fridge, range, dishwasher, microwave, washer and dryer. Included, not an upsell.
A 99-year prepaid leasehold, and why it costs you nothing monthly
The land is owned by the Canadian Rockies School Division and held on a 99-year prepaid lease — prepaid in full by the developer, so there is no monthly land rent to add to the figure above and nothing further to pay on it. It is a similar structure to University District in Calgary. The homes are mortgageable. The full disclosure package is provided with an accepted offer for you and your lawyer to review.
What the calculators leave out
Contents insurance and closing costs. Home insurance is carried in the condo fee; contents insurance is yours. Electricity is the only utility you pay, and your solar offsets it. Legal fees are included when you use our lawyer and our lender. Bring your own numbers to the showhome and we will run them with you.
See your actual number at the showhome.
Bring your situation; we'll walk the real figures for the unit you like.
Book a VisitGet the Weekender GuideBefore you ask
What the calculators do, and do not, include
What is included in the monthly figure?
Mortgage, condo fee and Canmore property tax, all in. The calculator finances the GST-inclusive total, because that is what you actually borrow against.
What do the calculators leave out?
Contents insurance and closing costs are excluded. Home insurance is carried in the condo fee; contents insurance is yours. Electricity is the only utility you pay, and your solar offsets it. Legal fees are included when you use our lawyer and our lender. Bring those numbers to the showhome and we will run them with you.
Is there ground rent to add on top?
No. The land is owned by the Canadian Rockies School Division and held on a 99-year lease, prepaid in full by the developer, so there is no monthly land rent. It is a similar structure to University District in Calgary, and the homes are mortgageable.
How is the Canmore property tax estimated?
The purchase price is multiplied by the Town of Canmore total residential tax rate used in this tool (municipal, provincial education, seniors and Vital Homes levies combined), with the purchase price standing in for an assessment. Your actual assessment and rate will differ — confirm current rates with the Town of Canmore.
How much down payment do I need for a Canmore second home?
Typically at least 20% for a second or weekend home. A primary residence can usually go below that. Your lender confirms what applies to you — ask ours, or your own.
Is GST included in the price?
Prices on this page are shown pre-GST with the GST stated separately, and the calculator finances the GST-inclusive total. The headline “up to $50,000 back in GST” applies to eligible first-time buyers making the home their primary residence, not to second-home weekenders.
Are these numbers guaranteed?
No — they are illustrative, and they move with rates and with the home you choose. Your actual number is confirmed at the showhome against the specific home and the rate you qualify for.
Do you have a preferred lender?
Yes — RBC in Canmore. Salimah Nanji works with our buyers and already understands the prepaid leasehold, so you will not spend the first call explaining it. She can be reached at salimah.nanji@rbc.com. You are free to use your own lender — but legal fees are included when you use our lawyer and our lender.