Quote:
Originally Posted by The Yen Man
Yah, it's like they want to have their cake and eat it too.
"We want you to spend your money here, but we also want you to GTFO. You aren't welcome here."
Without tourism, Canmore is pretty much just some backwater town in the middle of nowhere.
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I recall my buddy and I chatting about the dream of buying a condo out there probably 6-7 years ago. Something we could get quick relaxing weekend trips out/day at the hills (ie: maybe one with BBQ, hot tub, underground parking etc. or something just bare bones) and then we'd toss the property in the rental pool to supplement the costs of ownership.
Then he read strata agreements and looked at some of the bylaws and the vacancy rules + rental rules and told me he was confused as hell as to how it was even legal. There was a weird rule where only half of the units could be occupied at any given time including rentals. You had to notify the management company on a monthly(?) basis who would be there on a week to week basis to ensure this rule was enforced. Residents and personal use take precedence, so you couldn't rent out the units if too many people were in the units at the same time. It was just straight up bizarre and idiotic so we shelved that idea.
I hope the rules are not still this stupid and I don't recall exactly the wording we read, but I remembered we looked at each other and said it would make sense to look into other options vs those $200-250K condo units. I do recall those rules were something almost on par with the anti-Air BnB rules several years before many cities and communities started banning or heavily restricting Air BnB. IIRC, we also looked into time shares and saw similar issues with attempting to acquire one.