The Division of Class 1 Property Bylaw has been amended to eliminate the Tourist Home – Personal Use subclass. All Tourist Homes are now classified in the same tax division. A Change of Use: Tourist Home to Residential permit is required if:1. The existing use of the building (or portion thereof) is currently assessed as a Tourist Home under Canmore's Land Use Bylaw, and 2. All legally registered owners choose to change the use of the property to Residential use, thus prohibiting the ability to rent the property out on a short-term basis. The adjustment to the assessment code and taxation based on an approved Change of Use will take effect the following taxation (calendar) year. Property taxes will not be pro-rated for a Change of Use approved part way through the year. The fees for conversion from Tourist Home to Residential will be waived until December 31, 2026. Note: Changes to the Land Use Bylaw (LUB) were approved in 2025 to eliminate the option for Tourist Homes as a permitted use. As a result of these changes, there is no longer an option to revert your property back to the Tourist Home designation.