Did Invermere ever have nightclubs, let alone "real" ones though?
Property values and boat traffic may ebb and flow on a somewhat correlated basis with Calgary's economy but there is still construction and land development happening there. Frankly I think a little less traffic will improve the experience for the large majority of use cases... traffic downtown in summer can be appalling, bakery lined up down the street, Kinsmen beach packed cheek by jowl even during the later stages of the pandemic, on hot summer days the boat traffic and especially wake boats create so much chop it can be uncomfortable to ride in conventional motor boats... I'm not saying it should go back to being what it was in the '80s or anything but when it comes to tourist traffic I think there's a point beyond which more is not better.
Sounds like nightlife is pretty high on your list of priorities though? Perhaps through that lens Invermere/Radium aren't as popular as they once were but in a more general sense across multiple use cases I don't think there has been much of a decline.
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