Why Housing?

Housing is a community issue. If we don’t have appropriate places to live, our lives, and our town, suffers.

The Banff Community Housing Strategy was developed by a community task force with extensive community consultation. It describes Banff’s housing situation, identifies what we need and what actions we must take to improve all aspects of housing.

One of the critical needs of the community is affordable rental housing. Banff’s vacancy rate – which is the percentage of units available for rent – is 0%, and has been that way for over three years. A healthy rate is between 3-5%.

In part due to the lack of available affordable rental housing, we’ve found situations where residents are renting shared rooms, living in crowded situations, or are spending more than half their paycheque on housing costs. In some cases, residents are living in places that aren’t safe.

Creating new rental housing and charging affordable rents is so that all Banffites have a comfortable, appropriate place to call home.  

Banff Community Housing Strategy (PDF)


The Vision of the Banff Community Housing Strategy:

Within the town of Banff, we have a robust range of housing options, so that each Banffite can find a place to call home.

Our neighbourhoods are socially, economically and demographically diverse. In any residential block, you can find a wide variety of residents, from newly arrived service workers to long-established business owners. Our commercial and public service districts also include housing, where appropriate.

Banffites understand that having appropriate housing is a benefit to our entire community. It affects individual, family and community well-being. Employers, schools, volunteer organizations – we all benefit when housing is available.

We take a shared approach to housing solutions, with public, private and not-for-profit entities within the town, and with our neighbours in the Bow Valley. When new solutions are needed, we have the courage to change. 

Measurable Outcomes of the Banff Community Housing Strategy Our Ideal Vision is Demonstrated When:

  • Banffites support the Parks Canada “eligible resident” requirements, and 100% of our housing units are occupied by people who meet these requirements.
  • At least 80% of those who work in Banff live in Banff, and those who live in other communities do so by choice – they are not driven out of the Banff housing market by scarcity, quality and price.
  • At least 10% of our accommodation is accessible for people with mobility limitations.
  • Our rental vacancy rate is 3 - 5%.
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