fbpx
🎉 FREE WEBINAR - July 24th, 11am / 8pm CET - Learn Airbtics in 7 Minutes - Revenue and Market Analysis Tips and Best Practices!
Categories
Airbnb Investment All About Airbnb Case Studies

Best Places to Airbnb in Alberta: Top Areas for Income Properties near Calgary

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. 

best places to Airbnb in Alberta

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!

Categories
Airbnb Rules All About Airbnb

Calgary Airbnb Regulations


Table of Contents
    Add a header to begin generating the table of contents

    Is Airbnb legal in Calgary?

    Well, the answer is Yes. The new Calgary Airbnb Regulations require homeowners who rent out their homes through Airbnb or other short-term rental services to obtain a business license and follow the regulations.

    There are currently 776 Airbnb listings in Calgary, with 51,6% of entire houses earning up to $1,747 a month, 8,6% managed by professionals, and 37% managed independently. Apart from complete houses, Calgary‘s Airbnb offerings include 7,2% of private rooms. According to short-term rental data source Airbtics, a 2-bedroom apartment in Calgary can make up to $21,108 each year.

    Here we will provide some useful information that can help you better understand the Calgary Airbnb regulations.

    Short-Term Rentals Laws
    • Depending on the number of bedrooms in the rental, people can apply for one of two licenses online.
    • Rentals with one to four bedrooms will cost $100, while larger rentals will cost $276, which includes the cost of a fire inspection.
    • Hosts must follow new guidelines or face a $1,000 fine.
    • The city will only impose fines if a host persists in breaking the rules after being informed of the reasons for the prohibitions.
    Airbnb data
    Calgary Airbnb Regulations

    In Calgary, the following rules apply to short-term rentals:

    • In order to rent a room, the host needs to provide at least one egress window.
    • Hosts are only allowed to have two adults per room, not including minors.
    • It is not permitted for hosts to offer multiple bookings for the same dwelling at the same time. So, a single guest reservation can include many rooms, while an individual reservation can include a single room.
    • In any advertisement for the short-term rental, hosts must provide the company license number.
    • You must display the name, phone number, and email address of a person you can reach 24 hours a day (in a visible area).
    • Hosts must keep a record in English and an electronic format that the Chief License Inspector finds acceptable. Hosts must keep permanent records of all transactions and provide them to the Inspector upon request. The records must include the following information:
      • A paid guest’s full name and email address
      • The length of their stay

    Taxes- According to the province of Alberta, vacation rental hosts must pay a tourism levy. However, more details are not yet available.

    Reference | Airbnb.co

    Pros and Cons of running Airbnb in Calgary

    Short-term rentals are vacation rental properties rented out on a short-term basis to guests, like hotels.  This form of rental helps guests to feel more at ease and “at home” because the properties are typically designed in this manner.

    A long-term rental is the most common sort of rental property utilized for residential purposes. This sort of rental property is usually protected by a long-term lease agreement with more binding terms than a short-term rental. Renting out their homes for a higher price than their mortgage allows them to generate regular income regardless of the market. Because it is more traditional and well-known, most people are more familiar with this sort of rental property.

     

    short-term rental vs long-term rental calgary airbnb regulations

    Now that we’ve defined vacation rentals and long-term rental properties, let’s look at each component of rental properties that explains both the benefits and drawbacks of a short-term or long-term rental.

    pros and cons calgary airbnb regulations

    Conclusion

    If you’ve made it this far, you’re thinking of starting an Airbnb.

    We’ve been assisting folks like you, who are first-time Airbnb hosts. We don’t provide consulting since we aren’t experts in running Airbnb businesses; but, we do provide useful data to Airbnb hosts.

    You may use the Airbtics dashboard to figure out how much money you can make doing Airbnb in your city. Unlike other online Airbnb income calculators, it will provide you with a lot more useful information, such as 

    •  which neighborhood to target, 
    •  which amenities are in high demand, 
    •  what is the market’s historical performance, 
    •  what are the occupancy rates of a two-bedroom house, 
    •  should I do a two-bedroom house or a three-bedroom house? 

    In that case, the tool might be too complex for you, visit our tutorials – With the data dashboard, you can get meaningful and actionable insights.

    Well, if you are new, there are many Airbnb host communities on Facebook. Type “Airbnb host” in the Facebook search, and you’ll see plenty of active communities where you can get help from experienced Airbnb hosts. 

    airbnb host calgary airbnb regulations

     

    To see full data of Calgary– Click Here

    FIND STATS FOR YOUR CITY – CLICK HERE

    Read More – Rental Arbitrage Arizona

    Free Webinar

    Learn Airbtics in 7 Minutes

    Revenue and market analysis Tips and Best Practices!
    Airbnb Data
    Airbnb Data

    ARE YOU IN?

    Get Access to our weekly data-driven airbnb report!