Is Airbnb Profitable in Canmore in 2025?

With soaring demand for mountain getaways and an active real estate market, many investors are asking the same question this year: Is Airbnb profitable in Canmore in 2025? The short answer is yes, but profitability depends on several key factors, including occupancy rates, operating costs, updated short-term rental (STR) regulations, and effective management strategies.

This guide takes a deep dive into Canmore's 2025 vacation rental trends, offering a data-informed look at whether launching an Airbnb here makes financial sense right now.

Canmore's Tourism & Short-Term Rental Landscape

Canmore has long been one of Alberta's most visited towns, and 2025 is no exception. With continued growth in domestic tourism and a marked increase in international visitors, the town remains a high-demand location for short-term rentals. Events like the Canmore Folk Music Festival and the Winter Carnival have seen record turnout this year, and local tourism authorities report a projected 1.2 million overnight stays by the end of 2025, marking an increase over the previous year.

Importantly for investors, this surge in visitation is translating directly into high Airbnb demand, with most well-located and professionally managed listings seeing very few vacancy gaps during peak months.

Canmore Airbnb Occupancy Rate Trends

According to the latest data from Airbtics, Airbnb properties in Canmore are maintaining strong average occupancy rates between 74% and 79% in 2025, with an ADR (average daily rate) in the CA$265–$298 range depending on property size and amenities. AirROI reports a $298 ADR and seasonal occupancy highs of 75.5% in August.

Studios and one-bedroom units tend to average toward the lower end. At the same time, larger, multi-bedroom vacation homes consistently book at the higher end, particularly those with luxury amenities or mountain views.

When we examine the monthly revenue potential, Airbtics estimates that a well-managed studio unit might generate around CA$3,500 per month. At the same time, a two-bedroom could average CA$5,800 to $7,200, depending on the season. For larger, higher-end homes, monthly earnings can exceed CA$9,000 during peak summer and ski months.

Airbnb Revenue Projections in Canmore (2025)

Based on combined market averages from AirROI and Airbtics:

• A studio condo priced around $270 per night at 75% occupancy can gross about CA$6,000/month, netting closer to CA$4,800–$5,000 after expenses.

• A two-bedroom at $285/night and 78% occupancy can gross CA $6,700/month, netting about CA $5,200–$5,500.

• A four-bedroom at $298/night during peak seasons can exceed CA$6,800/month gross, with net earnings around CA$5,300 depending on management.

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Cost of Ownership in Canmore 

In 2025, real estate prices in Canmore will remain high, though not dramatically inflated compared to 2024. Studio condos generally start around CA$550,000, while two-bedroom units often list between CA$700,000–$750,000 (Zoocasa Canmore Listings). Detached homes with STR zoning or Hotel Condo designation typically start above CA$1.2 million.

Licensing and compliance fees, according to the Town of Canmore, generally range from CA$350–$500/year. Legal STRs are limited to Tourist Home zones or licensed Hotel Condos, and compliance with fire, insurance, and zoning rules is mandatory.

Operational costs—maintenance, cleaning, utilities—can run between CA$800–$1,500/month, with higher costs for premium properties or full-service management.

Many investors opt to collaborate with local experts, such as Kyan Properties, to streamline management, minimize vacancies, and ensure compliance with all legal and operational requirements. These partnerships can help preserve your time while optimizing profitability.

Canmore Short-Term Rentals vs. Long-Term Rentals

Short-term rentals in Canmore typically produce higher gross monthly revenue—CA$5,000–$7,000+, depending on size and occupancy—than long-term rentals, which average CA$2,500–$3,200/month (Rentals.ca Canmore Data). However, STRs come with more variability and require more operational oversight, especially during seasonal slowdowns in April and November.

How to Own an Airbnb in Canmore & Launching

To legally operate an Airbnb in Canmore in 2025, you’ll need to meet specific zoning and licensing requirements outlined by the Town of Canmore. Most eligible properties fall under Tourist Home zoning or are Hotel Condos.

You must apply for a municipal license, pass a fire inspection, and have appropriate STR insurance. Condo boards may impose their restrictions, so it’s critical to review the bylaws before purchase.

Many investors work with local Canmore Property management experts like Kyan Properties to streamline operations, reduce vacancies, and ensure full compliance with Canmore’s regulations, maximizing returns while saving time.

Risks, Restrictions & Market Considerations

While Canmore remains a strong market, Airbtics notes that newly updated zoning rules have limited Tourist Home permits in residential areas. Seasonal demand dips—especially in November—require cash flow planning (AirROI).

Tips to Maximize Your Airbnb Profits

Top-performing hosts in Canmore are:

1. Using dynamic pricing tools like PriceLabs or Wheelhouse.

2. Enhancing guest experience with high-quality amenities and local touches.

3. Building repeat business through direct bookings to avoid platform fees.

4. Partnering with a short-term rental management company for full-service management tailored to the Canmore market.

Conclusion

In most cases, yes—Airbnb continues to be a profitable venture in Canmore in 2025, supported by high occupancy, competitive nightly rates, and a robust tourism economy (Airbtics, AirROI).

Success depends on property selection, zoning compliance, expense control, and professional management. For many investors, working with Kyan Properties can turn Canmore’s promising market into a dependable income stream.