Airbnb Market Analytics, Statistics and Data in Canmore, Alberta, Canada
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Canmore? AirROI have just the data insights! Over the last twelve months from February 2024 to January 2025, we've uncovered key trends and opportunities that successful hosts are leveraging in Canmore:
How much do Airbnb hosts make on average per month in Canmore?
The short-term rental market in Canmore shows distinct revenue patterns across different property tiers. Our analysis reveals that successful properties combine strategic pricing with quality management to maximize earnings potential. Market data demonstrates clear revenue differentiation among properties:
- Typical properties (median) earn $5,113 per month
- Strong performing properties (top 25%) make $7,913 or more
- Best-in-class properties (top 10%) achieve $11,995+ monthly
- Entry-level properties (bottom 25%) typically earn around $3,482
Revenue Variations by Month
Occupancy Rates Throughout the Year in Canmore
The market in Canmore shows distinct occupancy patterns influenced by seasonal trends and local dynamics. Properties that maintain high guest satisfaction scores and implement strategic pricing consistently achieve stronger occupancy rates. Current market data shows:
- Typical properties (median) maintain 65% occupancy rates
- Strong performing properties (top 25%) achieve 81% or higher
- Best-in-class properties (top 10%) reach 90%+occupancy
- Entry-level properties (bottom 25%) average around 46%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Canmore
Daily rates in Canmore vary based on seasonality, property quality, and market dynamics. Properties that effectively balance competitive pricing with strong amenities typically command higher rates. Market analysis shows the following rate structure:
- Typical properties (median) generate $244 per night
- Strong performing properties (top 25%) secure $352 or more
- Best-in-class properties (top 10%) pull in $504+ per night
- Entry-level properties (bottom 25%) earn around $174
Daily Rate Variations by Month
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Seasonality patterns in Canmore
Peak Season (August, July, June)
- Revenue peaks at $11120.20 per month
- Occupancy rates reach 80.92%
- Daily rates average $383.20
Shoulder Season
- Revenue averages $6429.10 per month
- Occupancy maintains 60.95%
- Daily rates hold at $294.99
Low Season (December, November, January)
- Revenue drops to $2996.49 per month
- Occupancy decreases to 42.74%
- Daily rates adjust to $229.00
Is it still profitable to do Airbnb in Canmore in 2025?
Yes! Canmore demonstrates highly seasonal trends requiring strategic adaptation, featuring a healthy occupancy rate of 61% and strong monthly revenue averaging $6429 and As a mature market with 1622 active listings, there's strong demand despite the competition. There's also room for profit through rental arbitrage strategies, if you can identify competitively priced properties. To maximize your return on investment, consider employing the following strategies:
Peak Season Strategy
- Implement premium seasonal pricing strategies
- Set longer minimum stay requirements during high-demand periods
- Enforce stricter cancellation policies
Shoulder Season Strategy
- Maintain competitive market-based pricing
- Offer moderate-length stay incentives
- Target a mix of leisure and business travelers with flexible booking terms
- Focus on weekend getaway packages and mid-week business traveler promotions
Low Season Strategy
- Adjust pricing to remain competitive in the market
- Target different guest segments (business travelers, long-term stays, holiday visitors, event attendees, remote workers)
- Create targeted promotional campaigns to drive occupancy
Top Places to Start Airbnb in Canmore
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Canmore Town Centre | The heart of Canmore, offering easy access to shops, restaurants, and amenities. This area is popular with tourists seeking convenience and a vibrant local atmosphere. | Canmore Nordic Centre, Elevation Place, Downtown Canmore, Canmore Art Gallery, Grassi Lakes Trail |
| Bow Valley Trail | A scenic route through the Bow Valley, with stunning views and access to various outdoor activities. Ideal for guests looking to explore nature and enjoy the mountains. | Bow River, Canmore Golf Club, Quarry Lake, Grizzly Paw Brewing Company |
| Spring Creek | A peaceful and picturesque community close to downtown Canmore, offering beautiful mountain views and a more tranquil experience. Attractive to families and those seeking relaxation. | Spring Creek Waterfall, Walking Trails, Wildlife Viewing, Nearby Parks |
| Three Sisters | A new development situated close to the iconic Three Sisters Mountain, this area is great for nature lovers and offers modern accommodations with impressive mountain views. | Three Sisters Mountain, Canmore Mountain Market, Hiking Trails, Golfing |
| Canmore Nordic Centre Provincial Park | A destination for winter sports enthusiasts and outdoor adventurers. This area attracts guests year-round for skiing, hiking, and biking. | Nordic Ski Trails, Mountain Biking Trails, Wildlife Viewing, Adventure Sports |
| Bow Valley Provincial Park | A bit further out but offers breathtaking wilderness, perfect for those wanting to escape into nature while being close to Canmore's attractions. | Hiking Trails, Wildlife Viewing, Scenic Drives |
| Grassi Lakes | Known for its stunning lakes and hiking trails, Grassi Lakes is ideal for outdoor enthusiasts and families seeking a picturesque getaway. | Grassi Lakes Trail, Stunning Views, Wildlife Viewing |
| Canmore Alpine Centre | A great area for those looking for an alpine experience with activities like hiking and rock climbing, appealing to adventure seekers. | Alberta Parks, Alpine Climbing Trails, Outdoor Activities |
Do you need a license for Airbnb in Canmore?
We recommend checking directly with Canmore's local government regarding short-term rental licensing requirements. Current market data shows limited licensing information (0% of listings), making it essential to verify current regulations before starting your Airbnb business.
Top Performing Airbnb Properties in Canmore
Paintbox Lodge~Sleeps 21~
Entire Place • 8 bedrooms
#Miner's Peak 4 BR/4 BTH Private Hot Tub/Townhouse
Entire Place • 4 bedrooms
Epic 180° MountainViews | FireTable | NearDowntown
Entire Place • 4 bedrooms
⭐️Private HotTub⭐️ Epic Mountain View🏔 Minutes➡️Banff
Entire Place • 4 bedrooms
7Bdr Modern Mtn Home + Heated Outdoor Pool/Hot Tub
Entire Place • 7 bedrooms
Three Townhouse Combo - Families and Large Groups
Entire Place • 8 bedrooms
Top Performing Professional Hosts in Canmore
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Yuki And Charles | 66 | $7,713,867 | 9781 | 4.95/5.0 |
| Jiebin | 17 | $3,754,891 | 1498 | 4.91/5.0 |
| Spring Creek Vacations | 51 | $3,020,098 | 382 | 2.57/5.0 |
| Jane | 40 | $2,949,538 | 4469 | 4.91/5.0 |
| Chris And Tanya | 14 | $2,863,057 | 1249 | 4.87/5.0 |
| Little Sister Getaways | 28 | $2,203,180 | 1880 | 4.85/5.0 |
| Doran And Angela | 15 | $2,031,210 | 1517 | 4.94/5.0 |
| Eleve Vacation Rentals | 21 | $1,940,667 | 1520 | 4.89/5.0 |
| Melissa | 16 | $1,861,267 | 1235 | 4.97/5.0 |
| Frank | 18 | $1,622,065 | 682 | 4.87/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Canmore
AirROI also have other key metrics and comprehensive data for your vacation rental, real estate needs. Go explore the advanced metrics that can help you make informed decisions:
Room Type Distribution
Property Type Distribution
Key Insights
- Market dominated by entire home listings (94.8%), with apartment & condo and house properties comprising 93.7% of inventory
- Untapped potential in boutique & hotels, others, outdoor & mobile segments (6.2% combined)
Room Capacity Distribution
Analysis of 1,622 properties in Canmore shows that 2 bedrooms properties are most prevalent, making up 42.8% of the market. The market tends to favor smaller properties, with 2 bedrooms and 1 bedroom together representing 76.2% of all listings.
Key Insights
- Most common: 2 bedrooms (42.8%)
- Least common: 5+ bedrooms (1.8%)
- Market concentration: 76.2% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 1,622 properties in Canmore reveals that 6 guests properties dominate the market, representing 30.1% of all listings. The average property accommodates 5.3 guests, with a clear trend towards larger guest capacities. Properties accommodating 6 guests and 4 guests make up 57.0% of the market.
Key Insights
- Most common capacity: 6 guests (30.1% of market)
- Least common capacity: 3 guests (2.2% of market)
- Average guest capacity: 5.3 guests per property
- Market concentration: 57.0% in top 2 capacity sizes
- Market segmentation: Predominantly larger guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 1,622 properties in Canmore, the most common availability pattern is 91-180 days (36.6% of properties). For actual bookings, properties most frequently secure bookings for 181-270 days (36.6% of properties).
Key Insights
- Most common availability window: 91-180 days (36.6%)
- Most common booking duration: 181-270 days (36.6%)
- Properties with high availability (180+ days): 32.7%
- Properties with long-term bookings (180+ days): 69.1%
Minimum Stay Distributions
1 Night
495 listings
32.6% of total
2 Nights
572 listings
37.7% of total
3 Nights
97 listings
6.4% of total
4-6 Nights
19 listings
1.3% of total
7-29 Nights
12 listings
0.8% of total
30+ Nights
324 listings
21.3% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 70.3%
- Mid-length stays (4-6 nights) represent 1.3% of listings
- Monthly+ stays (21.3%) suggest a stable extended-stay market
- High market flexibility with 76.7% accepting 3 nights or less
Recommendations
- Set minimum stays between 2-3 nights to align with market standards
- Adjust minimum stays seasonally based on demand patterns
- Consider monthly stay discounts to capture the growing extended-stay market
- Implement different minimum stays for weekends vs. weekdays
Cancellation Policy Distribution
Super Strict 30 Days
40 listings
2.6% of total
Flexible
76 listings
5% of total
Moderate
468 listings
30.9% of total
Firm
432 listings
28.5% of total
Strict
500 listings
33% of total
Key Insights
- Strict is the preferred policy at 33.0% of listings
- Stricter policies (Firm & Strict) dominate at 61.5% of the market
- Strong market consensus around Strict policies
- Super Strict 30 Days policies are least common at 2.6% of listings
Recommendations
- The market supports stricter policies, with 61.5% using Firm or Strict terms
- Strong market preference for Strict policies suggests this should be your baseline
Booking Lead Time Trends
Key Insights
- Peak booking lead times occur in Jul, Jun, Sep, averaging 102 days
- Shortest booking windows are in Apr, Jan, Nov, averaging 48 days
- Summer shows the longest average booking window at 100 days, while Winter has the shortest at 54 days
Recommendations
- Implement dynamic pricing strategies for Summer bookings at least 100 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Apr-Nov when lead times are shortest
Popular Airbnb Amenities in Canmore
Below is the distribution of amenities across listings in Canmore:
Traveler Demographics
Key Insights
- Domestic travelers make up 52.3% of total guests, indicating a significant local market share.
- Primary international markets: United States (38.1%) and United Kingdom (3.3%)
- English is the top language at 77.1%, followed by French (8.1%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 5.2%
Recommendations
- Target marketing campaigns for Edmonton and Calgary markets
- Develop localized content for United States and United Kingdom
- Prioritize English and French language support
- Tailor experiences for Pre-1950s (Silent Gen) while maintaining broad age appeal
- Implement seasonal promotions aligned with key market travel patterns
Nearby Markets
Explore short-term rental performance in markets surrounding Canmore. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Lake Louise | 17 | $6,975 | $462.52 | 43% |
| Banff | 136 | $5,704 | $430.10 | 47% |
| Harvie Heights | 152 | $4,825 | $252.21 | 64% |
| CottageClub Ghost Lake | 11 | $4,309 | $376.68 | 43% |
| Nordegg | 35 | $4,153 | $252.06 | 50% |
| Dead Man's Flats | 127 | $3,943 | $306.82 | 55% |
| Area A (Kicking Horse/Kinbasket Lake) | 458 | $3,457 | $244.94 | 52% |
| Bragg Creek | 48 | $3,320 | $203.77 | 60% |
| Foothills County | 10 | $3,251 | $218.74 | 48% |
| Area F (Columbia Lake/Windermere Lake) | 417 | $2,636 | $229.37 | 44% |
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