The Banff Housing Corporation offers 133 below-market rental units in Banff. Eligible residents can apply to join the waitlist, which is managed on a first-come, first-served basis.
Maximum household income limits apply to each unit type and are updated annually. Units are allocated based on household minimum occupancy to ensure the available housing inventory is maximized.
To help you assess whether a unit is affordable for your household, we recommend keeping housing costs at or below 32% of your gross household income. This follows Canada Mortgage and Housing Corporation (CMHC) affordability guidelines.
Before you apply, review the eligibility requirements and gather your supporting documents.
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 75 new rental apartments (studios, 1 bedrooms, including 4 barrier free units), 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.
To learn more about the project, visit https://banff.ca/1363/Wolf-Street-Housing-Project
RENTAL PROGRAM WAIT TIMES
Wait times are estimated and can change based on several factors, including the number of applicants, the number of units available, and how often suitable units become available. Changes to household needs may also affect how quicky applicants may be matched with housing opportunity. 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 will affect this timeline).
NEW CONSTRUCTION: 2027 – 75 new rental units (studios/1-bedrooms) scheduled to be 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 October 31, 2026 / 16
2025: 38
2024: 22
2023: 25
2022: 25
2021: 48
2020: 57
2019: 35