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Banff's strict zoning regulations has paved the way for tourism to flourish in Canmore. Unlike Banff, vacation rentals are legal in Canmore, creating the opportunity for short-term rental units to be purchased and managed by individuals. Canmore boasts some of the highest nightly rental rates in Canada - averaging 66% occupancy, $258/night, and $4,000 in monthly revenue.
While zoning rules aren't as strict as Banff, each properties' unique zoning rules still need to be followed. Visitor accomodation units are to be used for short-term stays only, with a maximum of 28 days per month. They are not allowed to be maintained as full-time residences.
Tourist home zoning is the most flexible, and can be rented out short-term, long-term, or lived in by the owner.
As you can see, short-term rental properties can be large revenue generators for their owners - if managed correctly. Get in touch with us to get a copy of our Definitive Canmore AirBnB Investor's Guide today!
We built the Canmore Definitive Investor's Guide to share our 20+ years of experience in buying, selling, and personally investing in Canmore's lucrative short-term investment market. In our guide, you'll find:
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