Canmore

As of May 2026, Canmore, Banff, Lake Louise have 2,609 active Airbnb and VRBO listings. This represents a 17% increase from the previous year.

The average Airbnb or VRBO in Canmore generates C$102K per year. High-performing properties earn C$164K/year, while low-performing properties earn C$34K/year. This massive revenue variance highlights a bifurcated market where top-tier assets capture significantly higher premiums, suggesting that asset selection heavily dictates financial outcomes despite the broader 8% revenue decline.

Airbnb and VRBO can be profitable in Canmore. Average annual revenue is C$102K with 58% occupancy. High-performing properties earn up to C$164K/year. The delta between average and high-performing listings suggests that while baseline profitability is achievable, investors are increasingly reliant on specific property attributes to maintain yield in a market experiencing supply-side expansion.

The average occupancy rate for Airbnbs and VRBOs in Canmore is 58%. This occupancy level, combined with an average nightly rate of C$431, results in a RevPAR (revenue per available room) of C$200 per day.

4+ bedroom properties demonstrate the strongest performance in Canmore, with annual revenue of C$226K. These properties balance operating costs and rental demand most effectively in the Canmore market. Property performance varies significantly by location, amenities, and management quality.

Short-term rental regulations vary by jurisdiction in the Canmore area. Canmore: Strict. Business license required, principal residence only, 90-day annual cap for non-owner-occupied. Active enforcement with compliance officers and significant fines. Banff: Strict. STRs effectively banned except approved employee housing. Town actively enforces through bylaw officers. Very few legal operations exist. Lake Louise: Strict. Part of Banff National Park jurisdiction. Commercial accommodations only in approved facilities. Parks Canada enforces restrictions actively. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Canmore Airbnb and VRBO market is currently showing oversaturated conditions. Supply has grown 17% year-over-year, while RevPAR has decreased 8%. This indicates supply growth outpacing demand, pressuring returns. The rising competition level forces a tightening of margins, as the influx of new inventory dilutes guest demand across the existing pool of listings.

Launch around April, 2-3 months before peak summer season (July peaks). This pre-peak timing lets you build reviews when competition is 65% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (April-November) when gaining traction is harder.

The most common amenities in Canmore listings include: Kitchen (97%), Washing Machine (90%), Air Conditioning (83%), Tv (81%), Balcony (77%). Amenities that boost revenue the most include Washing Machine, Ev Charger, Air Conditioning, with Washing Machine properties earning approximately 27% more (C$105K/year vs C$83K/year).

Monthly estimated revenue per listing in Canmore over the last 12 months: May: C$5K, June: C$9K, July: C$11K, August: C$11K, September: C$8K, October: C$5K, November: C$3K, December: C$6K, January: C$4K, February: C$4K, March: C$5K, April: C$4K. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Canmore is C$431, up 8% year-over-year. By property size: 1-bedroom properties average C$301/night, 2-bedroom properties average C$389/night, 3-bedroom properties average C$585/night, 4+ bedroom properties average C$1K/night. Rates peak in August and are lowest in November.

Guests in Canmore book an average of 51 days in advance, down 11% from last year. By property size: 1-bedroom: 46 days, 2-bedroom: 50 days, 3-bedroom: 58 days, 4+ bedroom: 69 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Canmore Airbnb and VRBO market has seen the following changes: supply grew 17%, revenue per listing decreased 8%, occupancy rose 2%, average nightly rates increased 8%, and lead time decreased 11%. These metrics reflect a reactive market where shorter booking windows and higher nightly rates struggle to offset the dilutive effects of rapid inventory expansion.

In Canmore, Saturday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Saturday and are lowest on Wednesday. Weekends show 32% higher occupancy than weekdays.