OTHERS

TOP 5 Airbnb Cities in Alberta, Canada

TOP 5 Airbnb Cities in Alberta, Canada
The Siliconreview
25 May, 2023

Alberta, Canada, is a province renowned for its stunning natural beauty, diverse landscapes, and vibrant cities. From the majestic Rocky Mountains to picturesque prairies and bustling urban centers, Alberta offers many experiences for travelers seeking adventure and relaxation. With its growing popularity as a tourist destination, investing in an Airbnb property in Alberta can be a lucrative opportunity for individuals looking to enter the vacation rental market.

As the sharing economy thrives, Airbnb has emerged as a preferred choice for travelers seeking unique and personalized accommodations. By becoming an Airbnb host, you have the chance to capitalize on Alberta's tourism boom and provide guests with memorable experiences in some of the province's most coveted locations. However, choosing the right city to buy an Airbnb property is paramount to your success as an investor and host.

In this article, we will explore Alberta's top five Airbnb cities, each offering its distinctive charm, attractions, and investment potential. These cities have been selected based on a combination of factors such as demand, average daily rates, occupancy rates, and the overall desirability of the place for short-term rentals. Whether you're a seasoned real estate investor or a first-time buyer, these cities present excellent opportunities to generate income and establish a foothold in Alberta's thriving vacation rental market.

Best Cities in Alberta to Buy Airbnb Property

If you are considering starting your Airbnb business in Alberta, you should consider buying a property in one of these cities.

Wetaskiwin

Wetaskiwin is a charming city located just south of Edmonton. Its peaceful atmosphere and proximity to various recreational activities make it an attractive tourist destination. The city offers a range of Airbnb properties, including cozy cabins, spacious vacation homes, and stylish apartments. 

  • Average daily rate (ADR): $210
  • Occupancy rate (OR): 93%
  • Revenue: $5,279
  • Active Rentals: 4

 As an Airbnb host in Wetaskiwin, you can expect a steady income from your property. Here, most often rent private rooms, not the whole house. In addition, in Wetaskiwin, you will not have many competitors.

Calgary

Calgary, the largest city in Alberta, presents numerous opportunities for Airbnb property owners. Known for its vibrant arts scene, Calgary attracts leisure and business travelers. With a diverse range of properties, including luxury condos, modern townhouses, and heritage homes, Airbnb hosts can cater to various guest preferences. 

  • ADR: $107
  • OR: 71%
  • Revenue: $1,047
  • Active Rentals: 4,106

For professional Airbnb management services in Calgary, you can consider partnering with MasterHost. Visit their website https://masterhost.ca/airbnb-management-calgary/ to learn more. In Calgary, one-bedroom houses with heating, internet, and parking are in demand. Most houses also have air conditioning.

Banff

Banff is a world-renowned destination for outdoor enthusiasts and nature lovers in the heart of the Canadian Rockies. Buying an Airbnb property in Banff provides an opportunity to offer guests breathtaking mountain views, access to hiking trails, and proximity to stunning national parks. The property options in Banff range from cozy chalets to spacious lodges. 

  • ADR: $284
  • OR: 64%
  • Revenue: $4,614
  • Active Rentals: 142

As an Airbnb host in Banff, you can enjoy a high demand for accommodations throughout the year. Most of the properties that are rented here for short-term rent are small cozy one-bedroom houses. Most of them have heating, parking, and the internet. Some also have a hot tub and pool.

Canmore

Adjacent to Banff National Park, Canmore offers similar natural beauty and outdoor recreational opportunities. This picturesque town is a favorite among travelers seeking adventure and relaxation. Canmore's Airbnb properties include stylish condos, mountain retreats, and rustic cabins. 

  • ADR: $212
  • OR: 75%
  • Revenue: $3,586
  • Active Rentals: 1,862

Owning an Airbnb property in Canmore provides an excellent opportunity for investment and personal enjoyment. People often come here for family vacations because two-bedroom houses are the most popular among tourists. And local guests love comfort: 60% of houses have a hot tub and a pool - 39%

Edmonton

As the capital of Alberta, Edmonton is a bustling city with a thriving arts and cultural scene. It attracts a wide range of visitors, from business travelers to festival-goers. Edmonton's Airbnb properties encompass modern apartments, heritage homes, and spacious lofts. 

  • ADR: $92
  • OR: 63%
  • Revenue: $1,140
  • Active Rentals: 2,563

Investing in an Airbnb property in Edmonton can be profitable due to the city's diverse tourism offerings. Edmonton is a popular budget rental home, so you don't need to invest in a luxury mansion to build a successful Airbnb business here. The main thing is your hospitality and readiness to warmly welcome guests.

Conclusion

When investing in Airbnb properties in Alberta, these five cities offer excellent opportunities for hosts. Wetaskiwin, Calgary, Banff, Canmore, and Edmonton provides a range of property types and attract different types of travelers. Consider your investment goals and preferences to choose the best city that aligns with your vision of being an Airbnb host in Alberta. 

So, if you're wondering where to invest in an Airbnb property in Alberta, read on to discover the best cities that can provide you with a solid return on investment, a growing guest base, and the satisfaction of being a part of Alberta's flourishing tourism industry.