VACATION RENTAL HOSTING
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If you’ve ever visited Banff National Park, you likely drove through Canmore. Located just 25 minutes from the world renowned Banff National Park and 1 hour outside of downtown Calgary this little town has a lot to offer adventurers and thrill seekers.
Canmore is a paradise any season of the year. It's home to world class winter activities like skiing, snowmobiling, and dog sledding. Make sure to check out the local ski resorts Nakiska, Sunshine Mountain, Lake Louise, and Norquay. During the summer hit up the amazing hiking, biking, and ATVing trails throughout the region or just relax and take in the amazing sights in town.
Homeowners can experience all Canmore has to offer with the help of our property management services.
Expert Opinion on
Airbnb in Canmore
Canmore is one of the top Airbnb markets across Canada. It hosts a strong four-season rental market although summer is undeniably peak season.
Canmore is the bedroom community of neighbouring Banff but has become a vacation destination in and of it's own. Unlike Banff, vacation rentals are legal in Canmore which is why it's such a fantastic market. Banff's strict zoning regulations have created huge opportunity for rentals in Canmore since they can tap into the high demand for accommodation spilling over from Banff. Banffs hotel industry has the highest average nightly rates of any destination in Canada.
Canmore Vacation Rental Pricing & Occupancy
There are 1226 vacation rentals in Canmore. Interestingly 48% of the rentals on the market are two bedrooms. This leaves gaps in the market for smaller units such as studios (7%) or one bedrooms (28%). The average annual occupancy in Canmore is 60% and average nightly rate (ADR) is $277. Annual occupancy growth is 17% while the annual revenue growth is 11%.
Canmore Tourism Industry
Since the Olympics, Canmore has more than tripled its population and become a vibrant recreational tourism based community. The tourism industry in Canmore provides an estimated 400 million dollars in annual GDP. 2 million visitors a year come to the region. Guests are typically from either Calgary (2/3 of visitors) or Edmonton (1/3 of visitors).
There are 50+ accommodation providers in Canmore excluding vacation rentals.