Living Costs in Banff?

Question

Im planning on moving to banff next year and i want to know the living costs of a really big house. Thanks

Answer 1

Because Banff is such a popular tourist destination the cost of living there is very high, and the cost of housing is among the highest in Canada.  Be prepared to spend $1 million or more for a really big house.

Answer 2

In order to live there you must work there!

Answer 3

Many resort town employers provide accommodations for their employees.  I went to Jasper to work when I was younger and stayed in staff accommodations.  It was a great learning experience and I would recommend it to anyone.

Answer 4

To buy a small condo is about $270,000.   A 2 bedroom apartment goes for about $1200/month.  

From what I can tell there are no homes for rent.   It's tough to find a place to live in Banff.

Gas and electricity would be the same pretty much as anywhere else in Alberta

Answer 5

There are three houses listed on www.mls.ca.  One for 850k,  one for 1mil and one for 1.25mil.  And you can't live in them until you have a job in the town.  A rough rule to set rent is one percent of the value per month.  I imagine the people that own houses there have businesses outside the town and one in town  to get them residency.

The condos start at 345K.