Investing in Canmore

Canmore isn’t just a beautiful mountain town — it’s a lifestyle and an investment opportunity in one. Here’s what to know about short-term rental investing.

Canmore’s Short-Term Rental Rules

Short-term rentals are allowed — but only in designated areas and specific buildings zoned for short-term use. Canmore has strict rules on where Airbnbs and VRBOs can operate, so always confirm zoning before you buy. Properties with legal short-term zoning often deliver strong returns.

Not zoned for nightly rentals? You can still rent for 28 days or longer — seasonal rentals are popular with relocating families, snowbirds, and long-stay visitors.

What Can a Short-Term Rental Earn?

It depends on property type, location, views, and management style. As a rough guide:

Bedrooms	Typical purchase price	Gross revenue/year
1 Bedroom	$600K–$750K	~$60K–$90K
2 Bedroom	$750K–$1M	~$90K–$140K
3 Bedroom	$1M–$1.5M	~$120K–$170K

Keep in mind: expenses (cleaning, utilities, management, maintenance) usually run 40–50% of gross revenue.

Why Investors Choose Canmore

• Year-round adventure — skiing, hiking, biking, and climbing right outside your door
• Tight housing supply — limited inventory continues to drive long-term value
• Only 1 hour from Calgary and minutes from Banff National Park
• The Alberta advantage — no property transfer tax, no land transfer tax, and no sales tax

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