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Buying In Banff

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THE TOWN OF BANFF

The town of Banff is a small resort town located in the province of Alberta, Canada. It is situated within the boundaries of Banff National Park, which is Canada’s first national park and a UNESCO World Heritage Site. The town of Banff is located in the heart of the Canadian Rockies, surrounded by mountains, glaciers, and stunning natural scenery.

Banff is a popular tourist destination, offering a wide range of outdoor activities such as hiking, skiing, snowboarding, and mountain biking. The town also has a variety of shops, restaurants, and accommodations to cater to the needs of visitors.

Some of the popular attractions in the town of Banff include the Banff Gondola, the Cave and Basin National Historic Site, and the Banff Upper Hot Springs. Visitors can also take part in guided tours, wildlife viewing, and cultural activities.

WHO CAN BUY IN BANFF?

 

ANYONE CAN BUY REAL ESTATE IN BANFF!!

In order to live in Banff National Park, you have to be an eligible resident. This means people who want to live in Banff must meet one of the requirements below.

1.   An individual whose primary employment is in the National Park

2.   An individual who operates a business in the National Park and whose presence at the place of business is necessary for the day-to-day operation of the business

3.   A retired individual who resides in the National Park and who, for 5 consecutive years immediately prior to retirement,

  • was employed primarily in the National Park

  • operated a business in the National Park and whose presence at the place of business was necessary for the day-to-day operation of the business

 

Can I buy property in Banff National Park, even if I do not meet the “eligible resident” requirement?

You can if the actual renter residing on the property meets the “eligible resident” requirement. Note that the restrictions here do not apply to the ownership of the property, rather the person who is occupying it.

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WHY BUY/INVEST IN BANFF

 

There are many reasons to buy/invest in Banff.

1.   Banff cannot grow in size, limiting how many homes/condos there are. This means your real estate investment should only go up in value.

2.   There is always a demand for long-term rental accommodation. Never have trouble finding tenants again!

3.   Who wouldn’t want to own a piece of mountain living in the national park? There is a reason millions of people come to visit the area each year.

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