Government of Canada Releases Lands for Affordable Housing in Banff

Banff, Alberta – The release of federal lands to the Town of Banff for the creation of affordable housing was announced today by the Honourable Catherine McKenna, Minister of the Environment and Climate Change and Minister responsible for Parks Canada.

The land, including six lots on Cave Avenue and six lots on Deer Street, will be leased to the Banff Housing Corporation to develop the land into affordable multi-unit, rental housing pending the approval of the Town of Banff council. The use of green housing initiatives will be a requirement of the land release.

Parks Canada will continue to support the Town of Banff as a sustainable mountain community where affordable living is available.

Quick Facts

  •  The town of Banff, administered by the federal government for more than a century, was incorporated  as an Alberta municipality in 1990 through an Incorporation Agreement between Canada and Alberta.
  • Although the town is administered similar to other comparable communities in Alberta, it remains a part of Banff National Park and is subject to the Canada National Parks Act and associated regulations. The federal government retains ownership of all land in the town.


“The Government of Canada is committed to affordable housing. We recognise the long-term sustainability and vitality of the community in Banff National Park is dependent on access to affordable housing. We hope that the release of these federal lands to the Town of Banff will improve the housing situation for those who live and work in Banff National Park.”

The Honourable Catherine McKenna, Minister of the Environment and Climate Change and Minister responsible for Parks Canada

“Providing a comfortable and affordable place to call home for all residents is our top priority. The deficiency of appropriate housing impacts our social and economic wellbeing and hinders our ability to provide the necessary services to the park visitor. We are grateful and very pleased that Parks Canada is an active partner in addressing this housing challenge.”

Karen Sorensen, Mayor of the Town of Banff

Source Parks Canada