Mount Norquay is one of three major ski resorts located in the Banff National Park.

Norquay climbed the mountain that now bears his name in 1887 or 1888 but, contrary to some reports[example needed], did not actually reach the summit.

[citation needed] The mountain can be scrambled on the western side but involves a number of difficult steps and some exposure.

This created a joined up tri-area lift pass system, which includes shuttle bus transport to and from the resort.

Between October 2006 and February 2018, the Mount Norquay ski resort was owned by a group of Alberta-based investors.

This ownership group consisted of Ken Read, a former Olympic and World Cup Olympic alpine ski racer; Len, Peter, and Robert Sudermann of Fortune Resorts; and Stephen Ross of Devonian Properties in Canmore.

[6] Beginning March 2018, the Mount Norquay ski resort has been operating under the legal name, Norquay Mystic Ridge Ltd. which is a wholly owned subsidiary of Liricon Capital Ltd. Adam and Janet Waterous of Banff, Alberta own 100% of the shares of Liricon Capital Ltd. Mount Norquay has a long history supporting the sport of alpine ski racing.

In 2009 Mount Norquay added lift accessed winter snow tubing.