Town Expands Line of Credit for Canmore Community Housing

The Town of Canmore is introducing Bylaw 2026-11 to provide Canmore Community Housing with an interest-free line of credit of up to $7 million for interim purchase and resale of Vital Homes units. The bylaw modernizes a 2007 financing arrangement by increasing the limit and extending the repayment period to 45 days, with funding drawn from the Town’s operating cash flow.

Scope & details

The full contract record, as filed.

Contract amount

Line of credit up to $7,000,000

Contract type

FINANCIAL_SERVICES

Contract term

Repayment of each unit draw within 45 days after resale; bylaw to be advertised August 20 and 27, 2026 with second and third readings planned for October 2026

Renewal

Replaces and repeals Bylaw 41-2007, which had a $1.5 million limit and 14-day repayment; ongoing facility with no stated expiry, subject to future bylaw changes.

Document type

Agenda

Source document

Town of Canmore Agenda 2026-08-18

Related contracts

Other contracts from Canmore Community Housing.

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Town of Canmore Council Meeting Agenda October 30 2025

ONGOING

Town of Canmore, CanadaOct 30, 2025

Town of Canmore Council Meeting Agenda December 2024

APPROVED

Town of Canmore, CanadaDec 3, 2024

Town of Canmore Special Council Meeting Minutes February 2024

APPROVED

Town of Canmore, Canada$864,500Feb 13, 2024

Town of Canmore Finance Committee Meeting Agenda October 31 2023

PENDING

Town of Canmore, Canada$250,000 (2024 requisition increase)Oct 31, 2023

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Canmore?

Canmore Community Housing was awarded this financial services contract by Town of Canmore, as recorded on August 17, 2026. The contract value is Line of credit up to $7,000,000.

How much is the Canmore Community Housing contract with Town of Canmore worth?

The Canmore Community Housing contract with Town of Canmore is valued at Line of credit up to $7,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Town of Canmore Agenda 2026-08-18 (Agenda), dated August 17, 2026 from Town of Canmore. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Canmore Community Housing hold?

Canmore Community Housing may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Town of Canmore currently buying?

Explore Town of Canmore's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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