CANMORE

VACATION RENTAL MANAGEMENT

Our Airbnb property management in Canmore ensures superior listing performance

Airbnb Property Management in

Canmore

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 is a prime vacation rental market. Just a 20-minute drive from Banff, it commands some of Canada’s highest ADR rates, making it an appealing and profitable location for many property owners. Combine this with the stunning natural beauty and recreational opportunities in the area, and it becomes clear that Canmore offers a beautiful and economically sound market for vacation rental operations.

connor griffithsConnor Griffiths, CEO of Lifty Life
Property Type Estimated Annual Revenue
Studio $30,000 – $46,000
One Bedroom $38,000 – $56,000
Two Bedroom $55,000 – $75,000
Three Bedroom $82,000 – $114,000

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%.

things to do in harrison hot springs

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.

There are 1,226 active vacation rentals within Canmore.[sc_fs_multi_faq headline-0=”p” question-0=”How Many Airbnb’s Are In Canmore?” answer-0=”There are 1,226 active vacation rentals within Canmore. ” image-0=”” count=”1″ html=”false” css_class=””]

Yes, provided you’re in the Tourist Home or Visitor Accommodation Zoning. These zoning’s are common along the Bow Valley trail. Canmore also requires that you get approved for a business license.

The announcement that made world-wide news in the early 1980’s that the 1988 Olympic Winter Games would be held in Calgary with Canmore heralded a new era for the town of Canmore. It would be the site of the Nordic events; welcome news for a small community struggling to stay alive.

Canmore is well-respected as a ‘four-season’ tourist destination. It doesn’t matter what season you visit; spring, summer, fall or winter. We highly recommend anyone whom self identifies as an outdoor adventurer to immediately book a trip to Canmore.

Canmore offers fabulous fine dining experiences, casual pub environments, easy take-out options, and everything in between. The trendy town center has amazing shopping with a blend of brand names and boutique shops.

↣ Winter Festivities: Canmore offers access to all of the major snowsports. And then some you’ve never even thought of!

↣ Sunny Summers: Along with the usual suspects – hiking, biking, etc. – Canmore offers all kinds of unique experiences: horseback riding, white water rafting, disc golf… Honestly, the list is endless.

↣ Spring, Fall & Everything In Between: Moose viewing tours, boozy brewery tours, luxury helicopter flights, ATV tours… if you’ve ever dreamt of it, Canmore offers it.

↣ Events & Festivals

Airbnb property management in Canmore

Canmore Real Estate

Our realtor recommendation can be contacted by clicking here or call Scott directly at 403-493-4855

  • Canadian Rockies Chalet
  • Grande Rockies
  • Solara Resort
  • Blackstone Mountain Lodge
  • Windtower Lodge
  • Banff Boundary Lodge

Average Condominium: $450,000 – $750,000

Average Townhouse: $700,000 – $900,000

For more information on buying real estate in Canmore, click here!

outside tiny house

How To Get Started

Our team would be happy to help you with any questions you might have. Reach out and lets get you started!

We have a detailed amenity list so that you can easily find what items need to be in the unit and exactly what items we recommend.

See our amenity checklist!

Every homeowner needs to ensure they have short term rental insurance that protects them in the unlikely event that an issue happens.

Finding STR insurance providers can be tricky, so we recommend Square One that specializes in this insurance product.

Get A Quote From Square One Our Recommended Insurance Provider

Not all, but most Short Term Rentals require an STR License provided by the municipality.

If you have any questions about your municipality, feel free to contact our team and we can give you some details about the rules governing your market.

The FAQ section on our site breaks down the complete onboarding process in 10 easy steps.

 

Myra Canyon on the Kettle Valley Railway

Looking for vacation management services

for your property? Let us help you!

call now
contact us