There are multiple free parking lots around Banff with time limits ranging between 1 hour - 12 hours.
On street parking is also available in certain areas.
Make sure you always pay attention to the displayed parking signs as the time limits are strictly enforced.
Luckily everything in Banff is in walking distance so it doesn't really matter where you park!
The closest parking spots to Cedar & Sage are:
Bear Street Parkade
Beaver Street Parking Lot 300 Block
Wolf Street Parking Lot