Last Mile

AB

100 Palliser Capital

70,000,000

AB

Permanent Rental

Urban

144

Canmore Community Housing

Housing Provider

DESCRIPTION

The 100 Palliser project is a purpose-built affordable rental housing development located in the Palliser neighbourhood of Canmore, Alberta. The project delivers 144 below-market rental homes across two residential buildings, significantly increasing the supply of attainable housing in a community facing severe housing affordability pressures. The development includes a mix of unit types designed to support individuals, couples, and families who live and work in the Bow Valley, along with shared amenity space and on-site parking. Delivered by Canmore Community Housing in partnership with public sector funders and community stakeholders, the project supports long-term housing stability for the local workforce. By expanding the supply of secure, below-market rental homes, 100 Palliser strengthens the community’s ability to retain workers, support local businesses, and maintain a diverse and resilient year-round population in Canmore.

DETAILS

Affordability Framework

All units are to be at least 10% below AMR.

Target Completion Date

July 1st, 2027

Populations Served

Homelessness

Total Project Cost

70,000,000

Total Units

144

Affordable Units

144

Project Funding

Funding Required

Capital funding gap 2,500,000 for unknown site conditions

Funds Raised

Borrowed construction financing funds - $68,300,000 total budget supplemented with Town of Canmore.

Use of funds

Close the funding gap for additional costs related to increasing construction costs to maintain below market rents

MAP