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
We are seeking $150 per unit, per month, for all units throughout the next ten years to further decrease rent costs for tenants.
Funds Raised
Borrowed construction financing funds - $68,300,000 total budget supplemented with Town of Canmore.
Use of funds
These funds would go toward further decreasing rents per unit by $150/month over the next ten years.
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