Living and buying in Banff

Can I buy in Banff?

The short answer is yes, anybody can buy in Banff. However, there is a need to reside that people need to be aware of when it comes to owning property in the National Park.

 When you buy a property in Banff, you aren't purchasing or owning the land beneath it. The land remains under the ownership of Parks Canada, which grants buyers a ‘leasehold’ interest in the property. This type of interest provides all the rights of freehold ownership, except for the land itself. In Banff, lease terms last 42 years and run with the title and are renewed at the end of this period. Renewals are typically straightforward, relatively low cost and can by done by any lawyer familiar with Parks legislation.

The following information is taken from the parks Canada Website, please visit the below links for further information:

Parks Canada Information

Town of Banff Resources

 

According to the National Parks Lease and License of Occupation Regulations an eligible resident is defined as:

(a) an individual whose primary employment is in the park,
(b) an individual who operates a business in the park and whose presence at the place of business is necessary for the day-to-day operation of the business,
(c) a retired individual who resides in the park and who, for five consecutive years immediately prior to retirement,
(i) was employed primarily in that park, or
(ii) operated a business in that park and whose presence at the place of business was necessary for the day-to-day operation of the business,
(d) a retired individual who resided in the park at the time of the individual's retirement and who resided in that park on July 30, 1981,
(e) an individual who is a student in full-time attendance at an educational institution that is located within the park and registered under the Income Tax Act or applicable provincial legislation relating to education,
(f) an individual who is a lessee of public lands in the park and who
(i) was the lessee of those public lands prior to May 19, 1911, or
(ii) is a descendant, by blood or adoption, of an individual who was the lessee of those public lands prior to May 19, 1911, or
(g) the spouse or common-law partner or a dependent of an individual referred to in any of paragraphs (a) to (f).

Banff Listings

Forgot password Extend Verify Contact
1-6/6

  • 211 banff Avenue in Banff: Business for sale : MLS®# A2060493

    211 banff Avenue Banff T1L 1H1
    Main Photo: 211 banff Avenue in Banff: Business for sale : MLS®# A2060493

    211 banff Avenue Banff T1L 1H1

    $305,000
    Business
    Status:
    Active
    MLS® Num:
    A2060493
    Floor Area:
    498 sq. ft.
    Attention, aspiring entrepreneurs! An exceptional opportunity awaits you at Banff's premier milk tea store. Situated within a well-established mall on Banff Avenue, this highly regarded business has become a beloved destination for residents and tourists alike. With an esteemed reputation and a wide variety of delicious milk teas, the store attracts customers from far and wide. Take advantage of this rare chance to own and operate your very own milk tea store in the heart of Banff Avenue, a location renowned for fulfilling dreams and creating lasting memories. Don't miss out on the opportunity to make your mark in Banff's thriving beverage industry. This business is now available for sale, offering you the chance to embark on an exciting entrepreneurial journey. Seize this moment and make your milk tea dreams a reality in the enchanting town of Banff. As this is an ongoing business, a Non-Disclosable Agreement (NDA) is required for further details .. Please do not approach staff directly, all showing by appointment only. (id:2493) More details
    Listed by Greater Property Group
    LISTING DETAILS
    DEAN COOPER & Luke Holland

  • 417-421 Muskrat Street in Banff: Single Family for sale : MLS®# A2108398

    417-421 Muskrat Street Banff T1L 1A9
    Main Photo: 417-421 Muskrat Street in Banff: Single Family for sale : MLS®# A2108398

    417-421 Muskrat Street Banff T1L 1A9

    $6,400,000
    Single Family
    Status:
    Active
    MLS® Num:
    A2108398
    Bedrooms:
    6
    Bathrooms:
    8
    Floor Area:
    9,299 sq. ft.
    Welcome to a luxurious retreat nestled in the heart of Banff, where sophistication meets serenity on 6 private lots spread across 2 titles on over 35,000 sq ft . This extraordinary estate presents a unique opportunity to own an exquisite home with unparalleled character and meticulous attention to detail.As you approach through the fully fenced and gated property, a sense of exclusivity and privacy envelops you. The majestic mountain views serve as a picturesque backdrop to this one-of-a-kind residence, providing an unparalleled blend of natural beauty and architectural elegance.This distinguished property features a main residence that seamlessly integrates modern luxury with timeless design. From the moment you enter, you'll be captivated by the grandeur of the living spaces, adorned with high-end finishes and thoughtful craftsmanship. The gourmet kitchen, outfitted with top-of-the-line appliances, is a chef's dream, while the expansive living areas are perfect for both intimate gatherings and grand entertaining.Step outside to discover your own private oasis. The meticulously landscaped grounds boast natural beauty and plenty of wildlife , offering a tranquil space to unwind while surrounded by the breathtaking beauty of Banff's natural landscape. Additionally, a second guest home adds to the allure, providing a private retreat for visitors or an ideal space for extended family.This property stands as a testament to luxury living in Banff, with no other comparable residence in the area. Whether you're seeking a tranquil escape or an entertainer's paradise, this home exceeds expectations at every turn. Don't miss the chance to own a piece of Banff's unparalleled charm and exclusivity. (id:2493) More details
    Listed by RE/MAX Cascade Realty
    LISTING DETAILS
    DEAN COOPER & Luke Holland

  • A, 328 Squirrel Street in Banff: Single Family for sale : MLS®# A2121953

    A, 328 Squirrel Street Banff T0L 0C0
    Main Photo: A, 328 Squirrel Street in Banff: Single Family for sale : MLS®# A2121953

    A, 328 Squirrel Street Banff T0L 0C0

    $1,395,000
    Single Family
    Status:
    Active
    MLS® Num:
    A2121953
    Bedrooms:
    4
    Bathrooms:
    4
    Floor Area:
    2,463 sq. ft.
    Welcome to your dream family home in the heart of Banff! This charming half duplex offers the perfect blend of convenience, comfort, and income potential.Located directly across the street from Banff Elementary School, your mornings will be a breeze as the kids simply walk across to start their day of learning. Imagine the joy of watching them play in the open school field with the breathtaking backdrop of majestic mountains.With three bedrooms upstairs, there's ample space for the whole family to unwind and rest. Plus, the added bonus of a 1-bedroom illegal suite in the basement provides a fantastic opportunity to offset your mortgage payments or accommodate extended family members.Situated just a stone's throw away from downtown Banff and a mere block from IGA, you'll have all the amenities you need within easy reach. Whether it's a quick grocery run or a leisurely stroll through town, everything is conveniently close by.Nestled in one of Banff's most desirable locations, this home offers more than just a place to live—it offers a lifestyle. From the proximity to schools and shops to the stunning natural beauty that surrounds you, this is an opportunity not to be missed. Make memories that will last a lifetime in this perfect family abode. (id:2493) More details
    Listed by RE/MAX Cascade Realty
    LISTING DETAILS
    DEAN COOPER & Luke Holland

  • 418 Muskrat Street in Banff: Single Family for sale : MLS®# A2143999

    418 Muskrat Street Banff T1L 1G5
    Main Photo: 418 Muskrat Street in Banff: Single Family for sale : MLS®# A2143999

    418 Muskrat Street Banff T1L 1G5

    $2,400,000
    Single Family
    Status:
    Active
    MLS® Num:
    A2143999
    Bedrooms:
    1
    Bathrooms:
    3
    Floor Area:
    1,731 sq. ft.
    Front-Back Duplex in Town of Banff on double sized lot spanning from Muskrat Street to Otter Street with great development potential. This is an established residential location on the north side of Banff's downtown core. Local traffic only on this portion of Muskrat Street and good access to all local amenities. The house is built in 1910. It is zoned RNC (Residential North Central District) whereby duplex, triplex, and fourplex housing are all permitted under the local land use bylaw. (id:2493) More details
    Listed by Honestdoor Inc.
    LISTING DETAILS
    DEAN COOPER & Luke Holland

  • 404 Otter Street in Banff: Single Family for sale : MLS®# A2148848

    404 Otter Street Banff T1L 1E3
    Main Photo: 404 Otter Street in Banff: Single Family for sale : MLS®# A2148848

    404 Otter Street Banff T1L 1E3

    $1,950,000
    Single Family
    Status:
    Active
    MLS® Num:
    A2148848
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    1,209 sq. ft.
    This is a character home, centrally located in the RTM-Tunnel Mountain District, on a private expansive 11,238 sq.ft. lot. This is a very unique property with a beautiful yard with views, sun and loads of potential for redevelopment (Duplex Fourplex, up to 8 townhomes or possible apartment housing), along with subdivision opportunities! Don't Delay, Quick Possession Possible! (id:2493) More details
    Listed by RE/MAX Alpine Realty
    LISTING DETAILS
    DEAN COOPER & Luke Holland

  • 106 Lougheed Circle in Banff: Single Family for sale : MLS®# A2154871

    106 Lougheed Circle Banff T1L 1B1
    Main Photo: 106 Lougheed Circle in Banff: Single Family for sale : MLS®# A2154871

    106 Lougheed Circle Banff T1L 1B1

    $1,900,000
    Single Family
    Status:
    Active
    MLS® Num:
    A2154871
    Bedrooms:
    4
    Bathrooms:
    4
    Floor Area:
    3,374 sq. ft.
    Nestled in one of Banff’s most coveted neighborhoods, 106 Lougheed Circle is a stunning timber-framed mountain home offering 5,100 sqft of elegant living space. This residence greets you with a warm alpine charm, featuring a spacious main level that includes a grand great room, formal dining area, generous kitchen, and a versatile office. The upper level boasts three bedrooms, including a luxurious primary suite with a private ensuite bathroom and a serene sunroom with southwest-facing windows that capture breathtaking mountain views. The walkout lower level is perfect for entertaining, with a fourth bedroom, a den (which could easily be converted into an additional bedroom), a cozy family room, and a stylish bar. Situated in a quiet residential area just steps from the iconic Banff Springs Hotel, and connected by a pedestrian bridge over the Bow River, you’re only a short stroll away from Banff Avenue’s array of top-tier restaurants, cafes, shops, and amenities. This home seamlessly blends mountain lifestyle with modern comforts, including heated lower slab, timber frame construction, heated driveway, air-conditioning, and a private cul-de-sac. Embrace the Canadian Rockies in this exceptional mountain retreat. (id:2493) More details
    Listed by Sotheby's International Realty Canada
    LISTING DETAILS
    DEAN COOPER & Luke Holland
1-6/6
 <  1  > 
Data was last updated February 22, 2025 at 12:45 PM (UTC)
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.