Buying a Home in a National Park

Buying a Home in a National Park

Considering living in Banff Alberta? Did you know that the entire area is a National Park? There are rules about living in a national park but it’s not impossible. Many people live their entire lives owning a home in the Banff National Park area and there are beautiful investment homes and rentals but there are stipulations and conditions.

So how can you own a home in a National Park?

The Banff National Park was Canada’s first national Park first designated in 1885. It was originally known as Rocky Mountain Park and most of the land was returned to the federal government by Canadian Pacific Railway. Throughout Canada, there are two main types of ownership: Fee Simple and Leasehold. The first, fee simple, allows the homeowner to own both the land and any buildings on it. A leasehold agreement is where the leasee enters into an agreement with the actual landowner for use of the property, which is pretty common throughout Banff. The Banff National Park is federally owned land so all the properties throughout the area are held in a leasehold title ownership.

Most of the properties in Banff are under a leasehold agreement on a 42 year term. Most of the time these leaseholds are renewed automatically. The lease fees are typically rolled into taxes.

Who can live in Banff?

Only eligible residents may live in Banff. All residents of Banff must live and raise families in the community and meet eligible residency requirements. These include:

  • Primary employment in the park
  • Those that operate a business in the park necessary for day-to-day operations
  • An individual who lives in the park and for five consecutive years immediately prior to retirement.
  • An individual who is a full-time student in an educational institution located in the park
  • The spouse or common-law partner or dependent of an employee of the park.

Anyone can buy property and live in Banff as long as they meet the eligible residency requirements. The tenants or people actually owning and living in the property can live in Banff, which could involve a long-term monthly rental property or investment. A home-based business or bed-and-breakfast does not meet this eligibility requirement.

Can you retire in Banff?

In order to buy real estate or a home you still need to be an eligible resident. If you want to retire you must be a retired individual who resided in Banff at the time of the individual’s retirement and resided in the National Park on July 30, 1981. Or, a retired person who resides in the National Park and who for five consecutive years immediately prior to retirement was employed by the park or owned and operated a business in the park whose presence was required for day-to-day operations.

If you’d like to move to Banff, you’re probably doing so because you are working for the park, which is a great way to live right inside the national park. For more information on employment and living in Banff Alberta, contact my office today. We can run through some questions and find out your eligibility for living in Banff.

14 Properties
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2
Beds
1
Baths
1,297
Sq.Ft.
1979
Year Built
5
Days on Site
A1220158
MLS®
Large 2 bedroom 1 bathroom end unit located just minutes away from downtown, Banff Elementary School, and IGA. This open concept unit is perfect for the growing family. Extra large bedrooms, wood...
3,405
Sq.Ft.
2011
Year Built
11
Days on Site
A1217957
MLS®
MULTIPLE-UNIT COMPLEX ON A QUIET BANFF STREET
Now is your opportunity to invest in this unique property that has been handed down through the generations. With a newer addition to the original...
4
Beds
3F11/2
Baths
2,192
Sq.Ft.
1990
Year Built
13
Days on Site
A1216839
MLS®
GREAT opportunity to move up in the market! This duplex 3 bedrooms plus separate 1 bedroom revenue generating basement suite. Beautiful fenced patio with hedges for privacy, 3 assigned parking...
4
Beds
2
Baths
966
Sq.Ft.
1983
Year Built
19
Days on Site
A1205175
MLS®
This mostly renovated 1,767 sq ft 4+ bedroom half duplex condo on peaceful Grizzly Street is a short walk down from the Banff Center and close the Bow River trails. On the completely renovated lower...
6
Beds
4
Baths
2,687
Sq.Ft.
1987
Year Built
27
Days on Site
A1211016
MLS®
Large family home close to down town Banff. Revenue generating 2 bedroom suite with private entrance. Home has 4 bedrooms, bonus room, office, large fenced yard off the kitchen and family room,...
4
Beds
2
Baths
1,003
Sq.Ft.
1972
Year Built
40
Days on Site
A1201843
MLS®
Perfect time to own a Revenue Generating property in Banff in an amazing location. This home is Great for a Family or Rental or if your a business owner that needs to provide a housing for staff....
2
Beds
1
Baths
705
Sq.Ft.
1995
Year Built
47
Days on Site
A1203562
MLS®
Welcome to this main-level apartment located on the world-famous Banff Avenue. This 2-bedroom, 1 bathroom unit boasts mountain views from the living room and the walk-out patio. The unit has a...
4,180
Sq.Ft.
1986
Year Built
61
Days on Site
A1197529
MLS®
Excellent revenue property close to downtown Banff. This property is an up/down duplex with a separate cabin in the back. Huge kitchen/ living rooms in each half , large variety of bedrooms with...
3
Beds
2
Baths
1,520
Sq.Ft.
1955
Year Built
75
Days on Site
A1191915
MLS®
AMAZING corner location situated on a raised lot. Outstanding family home with 3 bedrooms, large kitchen and dining room, living room with gas fireplace located close to downtown with large south...
4
Beds
3
Baths
2,785
Sq.Ft.
2022
Year Built
90
Days on Site
A1185870
MLS®
New Luxury Alpine Duplex Home in Preferred Location! Don t miss viewing this Dream Home in one of Banff s most desirable locations! This home is sure to impress even the most discriminant buyer....
7
Beds
4F11/2
Baths
2,971
Sq.Ft.
1981
Year Built
159
Days on Site
A1167465
MLS®
Beautiful mountain home built with cedar exterior. This home has two legal suites in the basement and is a legal triplex. Upper portion of the home features 4 very large bedrooms plus 2 dens. Primary...
7
Beds
6F11/2
Baths
4,906
Sq.Ft.
1946
Year Built
202
Days on Site
A1159262
MLS®
An oasis along the Bow River in Banff; once a generation a home of this significance becomes available in Canada s first national park. The grandeur of the Canadian Rockies is embodied throughout...

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