There’s something exciting happening in the heart of downtown Fernie. The old fire hall at 692 3rd Ave is being cleared to make way for a brand-new housing development - one that brings both fresh energy and meaningful impact to our community.

Led by Elk Valley Family Society and New Commons Development, this project will add 44 much-needed rental homes to the local market. Expect a mix of studio, one-, and two-bedroom units, all designed with local workers and families in mind. And here’s the best part - at least 30% of the homes will be offered at below-market rents, helping address Fernie’s growing need for more affordable housing options.

But it’s not just homes on the way. The project also includes:

• 700 sq. ft. of office space for the Elk Valley Family Society

• 2,250 sq. ft. of commercial space available to lease

• 45 parking stalls, including underground parking

Construction is set to begin this month, with the goal of wrapping up by fall 2027.

What This Means for Local Traffic

As construction ramps up, here’s what to expect around the site:

• 3rd Ave (between 6th and 7th St.) will become one-way (north to south) for the duration of the project

• 7th St (between 2nd and 3rd Ave.) will see partial closures - crews will aim to keep two-way traffic where possible, but some parking will be removed temporarily

• Nearby alleys will be restricted at times

• Occasionally, full closures on 3rd Ave and 7th St will happen for crane lifts - advance notice will be given

• Early work includes utility tie-ins and hydrant relocation, which could lead to short-term service interruptions or road closures

The City’s lot at 902 2nd Ave will also be fenced off and used by contractors for parking, materials, and staging during the build.

A Community Effort

The City of Fernie is fully behind this project - providing long-term land access, permit fast-tracking, tax support, and more to help make it happen.

I’m writing this post based on the fact that I run a Short Term Rental and am quite intrigued by it.  It opens your eyes to the type of visitor that comes to town and the money they are willing to pay.  Find your niche and make some somewhat passive income.  Also, having recently sold a home with a suite, I can show the pros and cons if you invest in Fernie real estate this way.  

If you're considering investing in a short-term rental (STR) property in Fernie, you're not alone. With consistent visitor traffic year-round - from powder-chasing skiers in winter to mountain bikers and hikers in summer - Fernie remains a top destination for income-generating vacation homes.

But investing in an STR in Fernie in 2025 means understanding a few key shifts in the market and regulation. Here’s what savvy investors should know:

1. STR Demand Is Strong Year-Round

Fernie’s rental calendar is one of its biggest strengths.

• Winter: Ski season draws thousands to Fernie Alpine Resort.

• Summer: Trail networks, rivers, and events keep occupancy rates high.

• Shoulder Seasons: With more remote workers and flexible travelers, even the “quiet” months are gaining traction.

2. The Rules Are Changing

In 2024 and 2025, short-term rental regulations across B.C. evolved—and Fernie wasn’t exempt.
Depending on the zoning and municipality (City of Fernie vs. RDEK), you may face restrictions on renting out secondary suites, carriage homes, or investment-only properties.

➡️ Need help navigating these? I can show you listings that are STR-compliant today—not just “maybe down the road.”

3. Where to Buy for STR Potential

Some of the top areas for STR income potential include:

• Fernie Alpine Resort: Slope-side convenience and high nightly rates

• Downtown Fernie: Walkable location and strong year-round appeal

Looking for zoning that supports STRs? Let’s narrow it down together.

There are some buildings in Fernie that already allow STR such as Silver Rock.

4. Financials Still Work—With the Right Strategy

Even with rising prices, STRs in Fernie can offer solid returns when managed well.
Here’s what to look for:
✅ A separate entrance or suite layout
✅ Strong seasonal pricing strategy (split between high/low)
✅ Low vacancy areas with legal STR licensing

I can also help you compare cap rates between STRs and long-term rentals in Fernie if you’re weighing both options.

Ready to Invest in Fernie Real Estate?

Whether you're looking for a turnkey Airbnb or a fixer-upper with rental potential, I’ll help you find the right property and avoid the pitfalls. I live and work in Fernie, so I’m tuned in to local changes, licensing rules, and investment trends.  Plus, being a new STR operator I can give you first had experience of what to expect.

Let’s talk about your goals, and I’ll show you what’s possible.