5 BEST PLACES TO BUY RENTAL PROPERTY IN ALBERTA, CANADA IN 2023

Looking for the best place to own an Airbnb or VRBO vacation rental in Alberta, Canada?

Best Cities for Airbnb Investment in Alberta 2023-2024

Alberta is a popular destination for tourists looking to experience the natural beauty of the Canadian Rockies and the unique culture of the prairies, and owning an Airbnb here can be a great investment.

In this blog we show you the 5 best places to buy rental property in Alberta, Canada in 2023-2024.

Banff

Banff is a small town located in the heart of the Canadian Rockies, and as one of the best vacation spots in Alberta, is also one of the hottest Airbnb markets in Alberta. It is home to the famous Banff National Park, which attracts millions of visitors each year. Owning an Airbnb in Downtown Banff, AB would be a great investment, as the town is always bustling with tourists looking for a place to stay. According to Banff's Land Use Bylaw, Airbnbs in Banff must be licenced as B&B (bed and breakfast) accommodations.

• Visiting Banff National Park - Banff National Park is one of the most popular tourist destinations in Alberta and offers visitors the opportunity to experience the natural beauty of the Canadian Rockies. Visitors can hike, bike, or drive through the park and enjoy stunning views of the mountains, glaciers, lakes, and wildlife (including elk, bighorn sheep, and mountain goats). Tunnel Mountain is a prominent rock formation in Banff National Park that offers panoramic views of the area from the summit - including the town of Banff, the Bow Valley, and the surrounding Rockies

• Skiing and Snowboarding - Banff is home to three ski resorts: Mt. Norquay, Lake Louise Ski Resort, and Mt. Banff Ski Resort, which offer great skiing and snowboarding opportunities

• Hot Springs - Banff is home to several hot springs, including the famous Banff Upper Hot Springs. These hot springs offer visitors the chance to relax and soak in the warm waters while enjoying the beautiful views of the mountains

Calgary, AB

Calgary is Alberta's largest city and is one of the best places to buy a house for Airbnb in the province. The city is home to many attractions such as the Calgary Stampede, the Calgary Tower and the Calgary Zoo. Additionally, Calgary AB is a great base for those looking to explore the Rocky Mountains, as it is only an hour drive away from Banff.

• Visit the Calgary Stampede - The Calgary Stampede is an annual rodeo, exhibition, and festival held in July. It is one of the largest events of its kind in the world and attracts visitors from all over

• Explore the Calgary Tower - The Calgary Tower offers visitors an incredible 360-degree view of the city from the observation deck. It's also a great spot for taking pictures

• Visit the Calgary Zoo - The Calgary Zoo is home to over 1,000 animals from all over the world, including exotic species like pandas and gorillas. Visitors can take guided tours, animal encounters, and learn about conservation efforts

Calgary is located close to the Rocky Mountains, so visitors can take day trips to the mountain towns like Canmore or Banff, they can hike, bike, or ski in the mountains. The city also offers many other activities such as visiting the Glenbow Museum, the TELUS Spark Science Centre, and the Calgary Science Centre, and the Heritage Park Historical Village, which is a living history village that shows how people lived in Western Canada in the 19th century.

Canmore

Canmore is a small town located just outside of Banff National Park and offers a more laid-back alternative to the busy town of Banff. If you're not sure where to buy an Airbnb in Alberta, Canmore is a great place to consider, as it offers visitors a chance to experience the beauty of the Canadian Rockies without the crowds of Banff.

• Hiking and Rock Climbing - Canmore is located near the Canadian Rocky Mountains and offers visitors the opportunity to hike and rock climb in the mountains. Some popular hiking trails include the Grotto Canyon Trail, the Grassi Lakes Trail, and the Ha Ling Peak Trail

• Fishing and Rafting - Canmore is home to several rivers and lakes that offer visitors the opportunity to fish for trout and other species, or to raft through the scenic mountain landscape

• Visit the Canmore Nordic Centre - a popular spot for cross-country skiing, mountain biking, and hiking. The center has over 50km of groomed trails, making it a great destination for outdoor enthusiasts

Additionally, Canmore is a perfect spot for those who enjoy outdoor activities such as skiing, snowboarding, snowshoeing and cross-country skiing in the winter, and golfing and horseback riding in the summer. The area is rich in culture and history, visitors can take a tour to the Head-Smashed-In Buffalo Jump, a UNESCO World Heritage Site, which tells the story of the ancient hunting practices of the Indigenous people of the area. Canmore is also home to many art galleries and studios, where visitors can see the work of local artists and artisans.

Edmonton

Edmonton is Alberta's capital city and is a great place to own an rental property in Alberta, Canada. The city is home to many attractions such as the West Edmonton Mall, the Royal Alberta Museum, and the Edmonton Valley Zoo. Additionally, Edmonton is a great base for those looking to explore the Canadian North, as it is the starting point for many northern Alberta road trips.

• West Edmonton Mall - West Edmonton Mall is one of the largest malls in North America and offers visitors a wide variety of shopping, dining, and entertainment options. The mall also features an indoor water park, an ice rink, a mini-golf course, and an amusement park.

• The Royal Alberta Museum - The Royal Alberta Museum is the largest museum in Western Canada and offers visitors the opportunity to learn about the natural and human history of Alberta. The museum features a variety of exhibits, including a section on the history of the oil sands, a paleontology exhibit, and a section on the history of the Indigenous people of Alberta.

• Elk Island National Park - Elk Island National Park is a natural oasis located just east of Edmonton, it's home to a wide variety of wildlife, including bison, elk, and beavers. Visitors can take guided tours, hike, bike, or even camp in the park.

Additionally, Edmonton is also home to several other popular tourist attractions such as the Legislature Building, the Edmonton Valley Zoo, and the Muttart Conservatory, which is a botanical garden with four large pyramids that house different ecosystems. Edmonton is known for a bustling arts and culture scene with many festivals and events throughout the year, such as the Edmonton Folk Music Festival, the Edmonton International Fringe Theatre Festival, and the Edmonton Heritage Festival.

Lake Louise

Lake Louise is another great place to own an Airbnb in Alberta. The village of Lake Louise is a popular destination for tourists visiting the Canadian Rockies, and offers a wide variety of activities and attractions, making it a top spot to buy a vacation home in Alberta.

• Lake Louise is known for its stunning turquoise colored lake, which is surrounded by majestic peaks and glaciers. Visitors can enjoy hiking, horseback riding, and canoeing on the lake, or take a scenic drive along the famous Icefields Parkway. The lake is also home to the famous Fairmont Chateau Lake Louise, a luxury hotel that is a popular spot for visitors to stay
• Lake Louise Ski Resort - one of the most popular ski destinations in Canada, offering visitors a wide variety of ski runs, from beginner to expert. The resort also offers other winter activities such as snowshoeing, cross-country skiing, and ice-skating

• Scenic Gondola - ride to the top of Mt. Whitehorn for panoramic views of the surrounding mountains

Additionally, the nearby Moraine Lake, Johnston Canyon, and Plain of Six Glaciers are also popular tourist destinations that are easily accessible from Lake Louise. Overall, owning an Airbnb in Lake Louise would be a great investment, as the village is a popular tourist destination and offers a wide variety of activities and attractions for visitors. With the stunning scenery and easy access to outdoor activities, Lake Louise is a great place to visit all year round.

Conclusion

Thinking about buying a rental property in Canada? Owning an Airbnb in Alberta can be a great investment, as the province is home to many popular tourist destinations. We think the best places to own an Airbnb in Alberta are Banff, Calgary, Canmore, and Edmonton.

Each of these locations offers unique attractions and experiences for visitors, making them a great choice for those looking to invest in Alberta vacation rentals or short term rentals in Calgary, AB.