Last updated on September 4th, 2023
best places to Airbnb in Alberta
Key Takeaways
- The healthy economy, growing job market, and high quality of life in Calgary have helped many hosts create a good rental income by owning Airbnb listings.
- Get to know the reasons why investing in rental properties in Calgary and nearby cities can help you achieve the desired financial freedom.
- We reveal the top 10 neighborhoods and nearby cities in Calgary along with their respective Airbnb data such as recommended property types and gross rental yields, among others.
Introduction
Alberta is the fourth largest and the most visited province in Canada, thanks to its wide range of tourist attractions. Most of its attractions are naturally made, full of prairies and boreal forests. On top of that, the western part of Alberta is flanked by the extraordinary Rocky Mountains.
Among Alberta’s beautiful cities, we can find the cosmopolitan city of Calgary. Also known as Stampede City and Cowtown, Calgary is a tech and financial hub of great importance. Moreover, it is also considered one of the cities with the best quality of life in the world.
Alberta certainly is a catch. Yet, you may be wondering: what are the best areas for real estate investing here, specifically around Calgary, right? Then, allow us to lend you a hand!
In this blog, we reveal the best places to invest in Airbnb in the surrounding areas of Calgary, Alberta. We also mention some of the main advantages that investors can consider when investing in real estate in Calgary. Stoked to learn more? Then you should continue reading.
best places to Airbnb in Alberta
Why should you consider buying a rental property in Calgary, Alberta?
Owning a rental property in Calgary or nearby cities of Alberta won’t only allow investors to enjoy all kinds of wonderful experiences, but it will also offer them the opportunity to eventually achieve financial freedom. With that being said, there’s still a question that you probably have – what are the advantages that Calgary offers to real estate investors?
Check out some of the reasons why investing in real estate in Calgary, Alberta is a great idea:
Great quality of life
Local living conditions are among the essential considerations when targeting a specific market. Calgary is one of the cleanest cities in the world with a high standard of living. The city boasts clean sewage systems, and the air quality is quite good as there’s not much pollution.
Living in Calgary means you will have access to top-quality amenities, great entertainment, and impeccable recreational facilities. Moreover, Calgary’s public transportation system is excellent with a reliable network of trains and buses.
Robust economy
Calgary has one of the highest GDP per capita among the major Canadian cities. It has been enjoying a positive economic growth for two consecutive years. The city has the highest concentration of tech workers and many big corporations are also headquartered here.
Calgary’s population is steadily growing and keeping up with its strong economy, growing job market, and great living standards. Considering it’s attracting more interprovincial as well as international migration, the city has a strong rental market that warmly invites those looking for homes to rent needed for relocation.
Top-tier destination for outdoor lovers
Thanks to its prime location near the Rocky Mountains, Calgary offers a wide array of activities for all those who love engaging themselves in exciting outdoor activities. The city also owns the most extensive network of urban pathways and bikeways in North America. So if you’re looking to maintain an active lifestyle, Calgary is perfect for you as it is also home to Canada Olympic Park!
On the other hand, Calgary also offers a vibrant arts scene with a plethora of art galleries and museums. In addition to this, the city hosts renowned festivals and events such as the iconic Calgary Stampede.
Affordable real estate market
While most of the major cities in Canada have an expensive real estate market, Calgary stands out as one of the top affordable places. In Calgary, real estate investors can find a variety of housing options at low prices. Currently, the average property price is C$518,100, which is almost half the median value of the housing market in cities like Toronto and Vancouver.
Is Airbnb Profitable in Calgary Alberta?
Airbtics confirms that investing in an income property around Calgary is certainly financially rewarding. Moreover, Calgary is also one of the Canadian cities with the highest average daily rates!
Calgary is indeed a profitable city with great investment opportunities. But despite that, real estate investors must consider that the level of profitability depends on other factors such as the property type and location.
According to Airbtics’ data, an average Airbnb host can earn up to C$45,576 with a median occupancy rate of 81% for managing a 1-bedroom property in Calgary.
10 Most Profitable Areas for Investments Property around Calgary, Alberta
There are many Airbnb host expenses to consider when you plan on owning a rental property, yet the most important part is to analyze the property’s location.
Alberta is the fourth largest province of Canada with 19 municipalities. On the other hand, the largest metro area of the province, Calgary, has around 197 communities. Therefore, you can guess that the profitability of each of them is consequently different! For this reason, it’s understandable if you’re struggling to choose the best location to set up your rental property around Calgary.
Check out the best neighborhoods and nearby cities in Calgary, Alberta that are recommended for starting an Airbnb business:
1. Sunalta, Calgary
- Total Number of Airbnb Listings: 45
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): C$159,000
- Airbnb Annual revenue: C$28,465
- Gross rental yield: 17.90%
2. Downtown, Calgary
- Total Number of Airbnb Listings: 180
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): C$199,900
- Airbnb Annual revenue: C$35,621
- Gross rental yield: 17.82%
3. Betline, Calgary
- Total Number of Airbnb Listings: 304
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): C$279,900
- Airbnb Annual revenue: C$47,848
- Gross rental yield: 17.09%
4. Crescent Heights, Calgary
- Total Number of Airbnb Listings: 39
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): C$255,000
- Airbnb Annual revenue: C$39,007
- Gross rental yield: 15.30%
5. Bridgeland-Riverside, Calgary
- Total Number of Airbnb Listings: 33
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): C$379,900
- Airbnb Annual revenue: C$57,942
- Gross rental yield: 15.25%
6. Airdrie, AB
- Distance from Calgary: 36 miles
- Total Number of Airbnb Listings: 72
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): C$324,900
- Airbnb Annual revenue: $39,115
- Gross rental yield: 12.04%
7. Canmore, AB
- Distance from Calgary: 105 miles
- Total Number of Airbnb Listings: 1,238
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): C$649,000
- Airbnb Annual revenue: C$85,302
- Gross rental yield: 13.14%
8. Banff, AB
- Distance from Calgary: 127 miles
- Total Number of Airbnb Listings: 127
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): C$544.900
- Airbnb Annual revenue: C$101,022
- Gross rental yield: 18.54%
9. Red Deer, AB
- Distance from Calgary: 150 miles
- Total Number of Airbnb Listings: 114
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): C$180,000
- Airbnb Annual revenue: C$27,382
- Gross rental yield: 15.21%
10. Edmonton, AB
- Distance from Calgary: 300 miles
- Total Number of Airbnb Listings: 1,299
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): C$93,000
- Airbnb Annual revenue: C$24,070
- Gross rental yield: 25.89%
WANT TO ANALYZE OTHER PROFITABLE RENTAL MARKETS IN CANADA?
Go ahead and check out the highest revenue Airbnb locations in Canada!
Conclusion
The province of Alberta offers plenty of profitable cities with a variety of housing options and prices. Taking this into account, we can conclude that real estate investors can certainly obtain a good cash-on-cash return by operating a short-term rental in the Calgary area and nearby cities.
Discovering the best places to Airbnb in Alberta is a great way to start your journey! Still, we encourage you to take things to the next level by making use of the top analytics tools such as our Airbtics’ Airbnb calculator. Move forward and boost your profitability now!
