• The stable economy, growing rental market, and affordable cost of living in Edmonton provide investors with the opportunity to make a good return on their investment and enjoy the benefits of a thriving business.
• With the help of Airbtics, we are able to provide an overview of Edmonton’s top Airbnb markets, as well as their associated Airbnb data, including recommended property types, gross rental yields, and more.

Exploring the Thriving Rental Market in Edmonton

The dynamic capital city of Alberta Province, Edmonton, is located on the North Saskatchewan River, a city that is renowned for its natural beauty, strong oil industry and superb living conditions. This destination features a mix of modern and traditional architecture with a variety of heritage buildings that showcase the city’s rich history.

Also known as Canada’s Festival City, Edmonton owns a vibrant cultural scene, hosting numerous festivals throughout the year that attract a high influx of tourists yearly. Thanks to this and many other factors, the rental market has been steadily growing,  drawing the attention of more and more property investors.

Looking for the best place to buy a rental property in Edmonton? We got you! In this article, you’ll find the top rental markets as well as some of the key benefits that investors can look forward to when investing in real estate in this city. Keep reading!

Top reasons to invest in Edmonton real estate

Real estate investors in Edmonton have the potential to gain great benefits from owning a rental property such as the chance to achieve financial freedom in the long run. But, the question remains: what are the benefits of owning an investment property in Edmonton?

Check out some of the reasons why investing in real estate in Edmonton is a great idea:

• Steady rental demand

Edmonton is a great place to invest in real estate if you’re looking for a steady rental income stream. It’s a growing city with a strong student market. What’s more? Many young people, professionals and families are looking to relocate in this city. Thanks to its great quality of living and excellent job and educational opportunities. Thus, there’s always a lot of demand for properties.

On top of that, it provides an affordable cost of living. Aside from daily expenses, the housing market presents different options in various price ranges. Currently, the average property price in Edmonton is $397,811. This allows investors to make an affordable initial investment and potentially higher profit potential.

• Splendid living conditions

When seeking to target a particular market, the quality of life in the local area is a key factor to consider. The great news is that Edmonton is among the top Canadian cities that offer one of the highest quality of life in Northern America. 

The city offers a wide variety of services, facilities and recreational activities, as well as a high-quality education and a reliable health care system. In addition, Edmonton features modern and well-developed infrastructure, including an extensive road network, dependable public transportation and an international airport. This facilitates mobility in the city which keeps it well communicated with the rest of the country.

• Stable & diverse economy

Edmonton is the capital of Alberta province, which is among the top richest provinces in Canada, so it’s to be expected that this city owns a strong and stable economy. Edmonton is known for its booming oil and gas industry, but it also has a diversified economy that includes sectors like technology, transportation, financial services, tourism healthcare and education.

Thanks to this, the city features a solid job market with a plethora of employment opportunities

• Alluring destination

Edmonton is truly an alluring and lively city that doesn’t disappoint with its variety of leisure attractions. In fact, it’s home to many art galleries, theaters, museums and green spaces.

Moreover, the city attracts visitors from around the world with its vibrant cultural festivals and sporting events. And there’s also no shortage of activities for outdoor enthusiasts because Edmonton offers many natural attractions, such as Elk Island National Park and the Rocky Mountains.

Moreover, considering that tourism is an important source of income for Edmonton, investors looking to cater to vocational accommodations can expect high rental yields and revenue potential. 

Is Airbnb Profitable in Edmonton, AB?

Airbtics confirms that investing in income property in Edmonton can certainly help investors experience a rewarding investment. Moreover, Edmonton is also one of the top Canadian cities for Airbnb investments! 

According to Airbtics’ income calculator, an average Airbnb host can earn up to C$28,563 with a median occupancy rate of 56% for managing a 2-bedroom property in Edmonton.