The Banff Housing Corporation manages an inventory of 133 below market rental units in Banff. These units are available to eligible Banff residents through the waitlist on a first-come, first-served basis.
There are minimum and maximum income qualifiers for each unit type to ensure that tenants are not paying more than 32% of their gross household income on housing costs, which aligns with the Canada Mortgage and Housing Corporation’s (CMHC) guidelines for affordability. Unit selection is restricted by household size to ensure the inventory is optimized. Minimum and maximum income qualifiers and rental rates are updated on an annual basis, effective January 1 each year.
Before you apply, review the eligibility information above to ensure you qualify for the program and have your supporting documentation ready for submission.
Applicants to the rental program acknowledge that they are applying to a waitlist where eligibility requirements may change over time.
COMING SOON! Wolf Street Housing
The Town of Banff is moving forward with a new housing development at 50 Wolf Street, marking a major step toward addressing the community’s critical housing needs.
This project will develop two buildings with 70 new rental (studios, 1 bedrooms, including 4 barrier free), apartments for eligible Banff residents along with 8,000 sq ft of community space to be used by all Banffites.
Review the eligibility criteria and application above before submitting application for consideration.
Please note – rental rates and income limits for units at Wolf St. have not yet been determined.
To learn more about the project, visit https://banff.ca/1363/Wolf-Street-Housing-Project
RENTAL PROGRAM WAIT TIMES
Wait times are estimated and based on tenant turnovers. These estimations are not a guaranteed wait time for applicants and may fluctuate over time. This information is intended to be a general indicator for the Rental Program and provide a better understanding of how long it may take to be housed.
Current estimated wait time for studio and 1-bedroom units: 2 years from application approval.
NEW CONSTRUCTION: 2027 through 2028 – 75 new rental units (studios/1-bedrooms) scheduled to bed added to inventory and are expected to shorten the current wait times for these unit types.
Current estimated wait time for 2-bedroom units: 3 years from application approval
TOTAL NUMBER OF RENTAL TURNOVERS BY YEAR
2026: up to April 30, 2026 / 7
2025: 38
2024: 22
2023: 25
2022: 25
2021: 48
2020: 57
2019: 35