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Housing Strategy
Community Housing Strategy
In October 2014, Banff town council adopted the Community Housing Strategy. The document recommends many actions be taken over the next several years to help address housing issues in the community. Some actions are already underway, and can be reviewed in the full document.
- Community Housing Strategy (PDF)
- Housing Strategy Committee Terms of Reference (PDF)
- Progress Report Year One (PDF)
- Progress Report Year Two (PDF)
- Progress Report Year Three (PDF)
- Progress Report Year Four (PDF)
Federal Census 2021 Statistics on Housing in Banff
Housing affordability metric:
| Census year | Percent of households that spent 30% or more of income on shelter costs |
|---|---|
| 2016 | 29.0 |
| 2021 | 26.2 |
Overcrowding metric (enough bedrooms)
| Census year | Percent of households in unsuitable housing |
|---|---|
| 2016 | 11.6 |
| 2021 | 9.0 |
Condition of housing (major repairs needed)
| Census year | Percent of households in inadequate housing |
|---|---|
| 2016 | 5.3 |
| 2021 | 3.1 |
Rental Rates and Vacancies
According to the latest data from the Government of Alberta (2021 report based on 2020 survey), Banff has some of the highest rental rates in the province:
Banff Apartment Rentals Vacancy Rate
2018 Vacancy Rate 1.1%
2021 Vacancy Rate 3.2%*
% Change in Vacancy Rate 2.1%
*Note: this data is based on surveying in2020 during the height of the pandemic, when many workers left Banff