Best Cities for Airbnb in Alberta: Top Places for Airbnb investment in Alberta

Alberta is a truly unique place for aspiring property investors in Canada. It is home to many cities that can easily become an interesting destination for fresh Airbnb hosts. The region as a whole is actively developing right now, leading to the number of visitors growing every year. This opens some outstanding opportunities for successful business launches.

How to buy Airbnb property read here.

Best Cities for an Airbnb Investment in Alberta

The assortment of cities available for a short-term rental investment in AB is rather unique. On the one hand, it is home to cities like Calgary and Edmonton that are rather densely populated with Airbnbs. But on the other hand, there are towns that represent almost untapped markets, while the tourist interest for them is constantly growing.

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Cities	Revenue
Wetaskiwin	$1,124
Calgary	$2,204
St. Albert	$1,732
Lethbridge	$1,974
Spruce Grove	$2,063
Edmonton	$1,657
Red Deer	$1,866
Lacombe	$1,072
Leduc	$1,294
Cold Lake	$1,973
Lloydminster	$1,196
Grande Prairie	$1,493
Beaumont	$1,760
Medicine Hat	$1,231
Fort Saskatchewan	$1,121

Calgary

Calgary stands as a dynamic epicenter in Alberta’s Airbnb landscape, marked by its distinction as the most sought-after destination for both guests and hosts. This bustling market is characterized by a dense saturation of Airbnb properties, evident in almost every urban corridor, offering prospective hosts a transparent view of the market through comprehensive, existing rental data.

The city showcases an expansive collection of over 5,064 Airbnb listings, dominated by entire homes, which constitute 78% of the offerings. This intense level of competition subtly nudges hosts towards competitive pricing strategies. Currently, the Average Daily Rate is $160, peaking in July at an impressive $224. Despite the abundant supply, Calgary maintains a solid Occupancy Rate of 63%, spiking to 78% in July, indicative of strong demand even in a saturated market. Hosts in Calgary can anticipate average monthly revenues around $2,204, with the potential for higher earnings in peak months, as evidenced by the maximum monthly revenue in July reaching $4,100. The Revenue Per Available Room (RevPAR) stands at an average of $105.5, with weekends seeing a surge to $173, further highlighting July as the most lucrative month for Airbnb hosts in Calgary. The market’s overall health is encapsulated in a Market Score of 75, balancing supply and demand effectively.

Rental size distribution in Calgary caters to a variety of needs, with one-bedroom units making up 50%, followed by two-bedroom (29%), three-bedroom (12%), four-bedroom (6%), and expansive units of five or more bedrooms comprising 3%. In terms of rental types, private rooms account for 22%, while a significant majority of 78% are entire homes, underscoring the preference for privacy and space among guests. The listings predominantly occupy Airbnb (77%) and Vrbo (6%), with a notable 17% featured on both platforms. This detailed market analysis provides a strategic lens for potential hosts, equipping them with critical insights to navigate and thrive in Calgary’s vibrant and ever-evolving Airbnb arena.

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Wetaskiwin

In the quaint City of Wetaskiwin, located 70 kilometers south of the bustling city of Edmonton, the Airbnb landscape presents a unique scenario. Despite its proximity to the popular Edmonton, Wetaskiwin’s Airbnb market is notably small yet distinctive. Currently, the city hosts a modest number of active Airbnb properties, totaling just eight listings.

The data for Wetaskiwin offers intriguing insights. The majority of these listings are private rooms, accounting for 56%, while entire homes make up 44%. This distribution highlights a trend towards shared accommodation in the area. The Average Daily Rate in Wetaskiwin stands at $84.5, with the highest daily rate in June reaching $130, reflecting seasonal demand. The Occupancy Rate varies significantly throughout the year, averaging 35% but peaking impressively at 65% in March. The Average Annual Revenue for Airbnb hosts in Wetaskiwin is $10.7K, with the highest monthly revenue recorded in October at $1,700. The Revenue Per Available Room is at $29.2, with weekends witnessing a notable increase to $83. August emerges as the best-performing month for Airbnb rentals in the city.

Although the Wetaskiwin Airbnb market is small, these figures suggest a stable demand, especially during specific times of the year. The predominance of private rooms indicates a market catering to budget-conscious travelers or those seeking a more localized experience. Despite its size, Wetaskiwin’s Airbnb market shows potential, especially for those looking to offer unique, personalized lodging options in a less saturated market compared to larger cities. The city’s proximity to Edmonton could also be a contributing factor to its appeal, especially during peak seasons or events. Overall, while the data might not fully represent future outcomes, Wetaskiwin presents a noteworthy opportunity for those looking to enter a market with less competition and a clear demand for short-term rentals.

Lethbridge

Lethbridge, a city located 210 kilometers southeast of Calgary, is notable for its own airport, which enhances its appeal to visitors. This city offers a unique perspective in the Airbnb market, distinct from other towns we have discussed.

Currently, Lethbridge accommodates approximately 214 Airbnb listings. These properties predominantly comprise entire homes, with two-bedroom units being the most prevalent, offering accommodations for up to five guests. This reflects a trend towards larger rental properties in the area.

The Airbnb market in Lethbridge showcases encouraging metrics. The Average Daily Rate (ADR) stands at $142.6, with the rate increasing during the peak months of July to September to between $157 and $159. The Occupancy Rate averages 62%, reaching its highest at 80% in July, suggesting a strong demand during these months. The market’s performance is further evidenced by the Average Monthly Revenue for hosts, which is around $1,974, peaking in July and August at approximately $2,800. The Revenue Per Available Room (RevPAR) averages $93.7, with a noticeable increase to $144 during weekends. July emerges as the most profitable month for Airbnb rentals in Lethbridge.

Lethbridge’s Airbnb market, as indicated by a Market Score of 90, demonstrates a healthy and competitive environment, offering diverse and lucrative opportunities for investors and hosts in the short-term rental market.

St. Albert

St. Albert, nestled in the suburbs just 20 kilometers from the heart of Edmonton, presents an intriguing yet relatively untapped market in the Airbnb landscape. Its proximity to a bustling urban center like Edmonton, which boasts a thriving Airbnb market, underscores St. Albert’s potential as a long-term investment opportunity. As Edmonton continues to grow and draw more tourists, it is likely that St. Albert will also see an uptick in visitors seeking accommodations in a quieter, suburban setting.

Currently, St. Albert hosts a modest number of Airbnb properties, with 36 active listings. This number, while small, offers a varied range of accommodations. Of these, 69% are entire homes, 28% are private rooms, and a small fraction of 3% are shared rooms, providing options for different types of travelers. The majority of these properties are one-bedroom units, which make up 53% of the listings, followed by three-bedroom properties at 24%, and two-bedroom properties at 21%. This distribution indicates a market leaning towards accommodating solo travelers or small groups.

The financial metrics of the St. Albert Airbnb market are promising. The Average Daily Rate (ADR) is $138.4, with a peak in August reaching $157. The Occupancy Rate averages at 58%, with a notable high of 75% in July, suggesting peak season demand. These figures point to a healthy interest in St. Albert’s offerings during certain times of the year. The Average Monthly Revenue for Airbnb hosts in the area is around $1,732, with the revenue in the peak months of July and August ranging between $2,400 and $2,300. This performance is quite impressive for a smaller market. The Revenue Per Available Room (RevPAR) stands at $83.9, with an increase to $137 during weekends. July emerges as the best performing month, consistent with the trend of summer being a peak tourist season.

The Market Score of 86 for St. Albert’s Airbnb market reflects a strong potential for growth and profitability, especially considering its strategic location near Edmonton. This score, combined with the current market dynamics, suggests that St. Albert could be a wise choice for investors looking for opportunities in suburban areas with proximity to major urban centers. As Edmonton expands and attracts more visitors, St. Albert’s Airbnb market is likely to benefit, offering a quieter yet more accessible alternative for tourists and travelers.

Spruce Grove

Spruce Grove, positioned as a suburban city 34 kilometers from the center of Edmonton, presents a scenario akin to St. Albert, albeit with a slightly more nascent short-term rental market due to its further location. Observing the trends and developments in St. Albert could provide valuable insights for potential investment in Spruce Grove under similar conditions, should the market there prove fruitful.

Currently, Spruce Grove has a limited but diverse range of Airbnb listings, totaling 19 active properties. These include a mix of 72% entire homes, 22% private rooms, and 6% shared rooms, catering to a variety of guest preferences. In terms of rental sizes, the market is slightly skewed towards larger accommodations, with 39% being three-bedroom properties, 28% one-bedroom, 22% two-bedroom, and 11% four-bedroom.

The financial landscape of Spruce Grove’s Airbnb market is characterized by robust figures. The Average Daily Rate (ADR) stands at $171.1, with a notable peak in January reaching $302. This high rate in January could be attributed to specific luxurious properties commanding premium pricing. The Occupancy Rate averages at 51%, with the highest occupancy seen in October at 69%. These statistics suggest a healthy demand, particularly in specific months. The Average Monthly Revenue for hosts is around $2,063, peaking in January and February with revenues around $2,900. The Revenue Per Available Room (RevPAR) is $87.5, with a significant increase to $173 during weekends. January emerges as the best-performing month, indicating a unique seasonal demand in Spruce Grove.

With a Market Score of 64, Spruce Grove’s Airbnb market, while still developing, shows potential for growth, especially for investors looking for opportunities in suburban areas. This score suggests that while the market is smaller and less established than in neighboring areas, there is room for development and profitability, especially for those willing to explore niche segments or cater to specific traveler needs during peak seasons.

In summary, Spruce Grove’s proximity to Edmonton, combined with its unique market characteristics, makes it an interesting option for potential Airbnb investors. The diversity in property types and sizes, along with the fluctuating demand and revenue patterns, offers a landscape ripe for strategic investment, particularly as the market continues to evolve and align with the broader trends seen in the Edmonton suburban region.

Red Deer

The City of Red Deer, strategically positioned midway between Calgary and Edmonton, presents a unique scenario in the Airbnb market. While its distance from other major cities means it’s not a top tourist destination, its Airbnb market performance is notably strong, akin to that in Edmonton, but with significantly less competition.

Currently, Red Deer hosts a substantial number of Airbnb listings, with 186 active properties. Given its geographical area, there appears to be ample opportunity for the addition of new rental properties. The market here is diverse, with 46% of listings being one-bedroom units, followed by 28% two-bedroom, 11% three-bedroom, 7% four-bedroom, and 8% consisting of five or more bedrooms. This variety caters to a wide range of guest needs, from solo travelers to larger groups.

In terms of rental types, Red Deer offers a balance, with 31% private rooms and 69% entire homes. This mix provides options for both budget-conscious travelers and those seeking more privacy and space.

The financial indicators of Red Deer’s Airbnb market are promising. The Average Daily Rate (ADR) is $144.7, peaking in August at $161. The market experiences its highest demand in July, with an Occupancy Rate of 64% and a Maximum Monthly Revenue of $2,400 during this peak month. The Revenue Per Available Room (RevPAR) averages $84.7, with a notable increase to $158 during weekends. July stands out as the best-performing month, indicating a seasonal preference among travelers.

With a high Market Score of 98, Red Deer’s Airbnb market demonstrates significant potential for growth and profitability. The current performance suggests that while the overall occupancy rates may not be exceedingly high, the demand during peak months and the diversity in property types make it an attractive option for Airbnb investors. This, coupled with the relatively low level of competition, indicates that Red Deer could be fertile ground for new entrants into the market or for existing hosts looking to expand their portfolio. The city’s unique position, serving as a midway point between two major urban centers, adds to its appeal, potentially drawing guests who prefer a quieter location or are exploring both Calgary and Edmonton. Overall, Red Deer presents an intriguing opportunity within the Alberta Airbnb market, combining solid financial performance with room for growth and development in the short-term rental sector

Lacombe

Lacombe, a considerably smaller town located near the City of Red Deer, exhibits a vacation rental market that mirrors Red Deer’s, albeit on a more modest scale. As Red Deer continues to grow as a hub between Calgary and Edmonton, Lacombe is well-positioned to potentially benefit from this regional development.

Currently, Lacombe’s Airbnb market comprises a limited number of listings, with just 12 properties available for rent. This small market size offers a more intimate and less competitive landscape for hosts. The rental types are fairly balanced, with 36% being private rooms and 64% entire homes, catering to a variety of guest preferences.

The Average Daily Rate (ADR) in Lacombe is $90.9, with the highest rates seen in October reaching $112. This peak suggests a seasonal demand, tied to specific local events or attractions during that time. The Occupancy Rate averages 52%, but it shows a significant increase in July, going up to 85%. This peak in July indicates a strong seasonal interest in Lacombe during the summer months. The Average Monthly Revenue for Airbnb hosts here is $1,072, with the highest monthly earnings in October reaching $1,700. This peak revenue aligns with the highest daily rates observed during the same month.

Revenue Per Available Room (RevPAR) stands at an average of $49.8, with weekends experiencing a higher rate of $87, suggesting that short stays and weekend getaways might be particularly popular. July emerges as the best-performing month, reaffirming the trend of heightened summer demand.

With a Market Score of 50, the Airbnb market in Lacombe presents a scenario with moderate growth potential. While the market is small and may not offer the high volumes of larger cities, its proximity to Red Deer and the potential spillover effects from growth in the region could make it an attractive prospect for investors looking for opportunities in smaller, less saturated markets. The current data indicates that Lacombe, while modest in its current Airbnb market size, holds promise for those looking to capitalize on its seasonal peaks and the benefits of being near a growing regional hub.

Leduc

The City of Leduc presents an Airbnb market with noteworthy potential, situated just 33 kilometers south of Edmonton and notably close to the Edmonton International Airport. This strategic location positions Leduc to capitalize on Edmonton’s growth and the consequent influx of tourists.

The current Airbnb landscape in Leduc features 45 active listings, a modest number yet offering a range of accommodation types. The distribution of rental types is fairly balanced, with 51% being private rooms, 46% being entire homes, and a small fraction of 3% being shared rooms, catering to various guest preferences. The majority of these listings are one-bedroom units, which make up 51% of the total, followed by 29% of two-bedroom units, and smaller percentages for larger properties.

Leduc’s Airbnb market is characterized by an Average Daily Rate (ADR) of $99.7, with peak rates in February and July reaching $121 and $117, respectively. The market’s Occupancy Rate averages at 56%, with the highest occupancy seen in August at 69%. This peak suggests a strong demand during the summer months, aligning with the trend observed in many nearby areas. The Average Monthly Revenue for hosts in Leduc is around $1,294, with the highest monthly earnings recorded in August, amounting to $1,800. The Revenue Per Available Room (RevPAR) stands at $58.6, with a notable increase to $107 during weekends.

With a Market Score of 84, Leduc’s Airbnb market demonstrates considerable potential, especially given its proximity to a major urban center and an international airport. While the market size is currently modest, the high score indicates healthy demand and growth potential, particularly for those looking to capitalize on Leduc’s strategic location and peak seasonal demand. This makes Leduc an attractive option for investors and hosts seeking opportunities in a growing market near a major city like Edmonton. The combination of a diverse range of property types, along with the proximity to key transport hubs, positions Leduc as a promising market for both short-term and potentially long-term Airbnb investments. The current data suggests that, as Edmonton continues to expand and attract more visitors, Leduc could see increased interest from travelers seeking convenient and accessible accommodation options, making it a market worth watching for those interested in the Airbnb space.

Cold Lake

Cold Lake, a city uniquely situated along the shores of its namesake lake, stands approximately 300 kilometers from Edmonton, in an area devoid of other major cities. This isolation means that, unlike many other locations on our list, Cold Lake’s short-term rental market lacks the advantage of proximity to a larger urban center and must therefore rely solely on its own attractions and appeal.

Currently, Cold Lake’s Airbnb market is quite small, with only 10 active listings. These properties are predominantly entire homes, which align with 75% of the listings, while 25% are private rooms. This limited number, however, does not diminish the market’s potential. The rental sizes vary, with 50% being three-bedroom properties, 38% one-bedroom, and a smaller proportion, 13%, consisting of large homes with five or more bedrooms.

The financial metrics of Cold Lake’s Airbnb market are encouraging. The Average Daily Rate (ADR) is $147.1, with the maximum daily rate in January reaching a notable $237. This peak rate suggests a specific demand during certain times of the year, possibly related to seasonal attractions or events in the area. The Occupancy Rate averages at 66%, with a significant peak in August at 91%, indicating strong summer demand. The Average Monthly Revenue for hosts in Cold Lake is around $1,973, with the highest earnings in July and August, ranging between $3,400 and $3,300. The Revenue Per Available Room (RevPAR) stands at $95.1, with an increase to $143 during weekends.

With a Market Score of 83, Cold Lake’s Airbnb market, despite its size, shows strong potential, especially during the summer months. The high occupancy rates and revenue figures suggest that there is a steady demand for short-term rentals, particularly for entire homes. The market dynamics in Cold Lake indicate that it could be a promising area for investors or hosts looking to capitalize on a niche market. The city’s unique location, scenic appeal, and the potential for high returns during peak seasons make it an attractive option for those seeking opportunities in less saturated markets. The current data indicates that Cold Lake has managed to create a robust short-term rental market based on its own merits and, as such, presents a unique opportunity for strategic investment in the Airbnb space.

Lloydminster

Lloydminster, while situated a significant distance from major urban centers, with the closest being Edmonton, 250 kilometers away, presents an interesting scenario in the Airbnb market. The city is relatively small, and the competition in the short-term rental market is minimal, with a total of 66 active Airbnb listings.

The market in Lloydminster is characterized by a variety of rental sizes, with the majority being one-bedroom properties, accounting for 54% of the listings. This is followed by 22% three-bedroom, 15% two-bedroom, 7% four-bedroom, and a minimal 1% comprising larger homes with five or more bedrooms. In terms of rental types, there is a leaning towards entire homes, which make up 74% of the listings, while private rooms represent 26%.

The Airbnb market in Lloydminster shows stable performance. The Average Daily Rate (ADR) is $101.6, peaking in August and September at $108. The Occupancy Rate averages at 54%, with July seeing the maximum occupancy of 67%, indicating a summer demand. The Average Monthly Revenue for hosts is around $1,196, with the highest earnings in July reaching $1,500. The Revenue Per Available Room (RevPAR) stands at $54, with an increase to $101 during weekends.

Lloydminster’s Airbnb market, as reflected in its high Market Score of 99, indicates a thriving environment with considerable potential, especially considering the low level of competition and the diversity of property types. Despite the lower revenues compared to larger cities, Lloydminster’s market is still quite robust, particularly when taking into account the relatively lower real estate prices in the area. The strong performance in July and the range of available property types make it an appealing market for investors or hosts looking to enter a less saturated market with a high potential for growth. The city’s small size, combined with its strategic location and minimal competition, presents a unique opportunity for those seeking to capitalize on the seasonal demand and the growing interest in short-term rentals in smaller cities.

Grande Prairie

Grande Prairie, located in a distinct part of Alberta and far from major cities, offers an interesting perspective on the Airbnb market. Despite its isolation and the slower pace of tourism development compared to other Alberta towns, its Airbnb market demonstrates commendable performance.

The Airbnb landscape in Grande Prairie is composed of 239 active listings, indicating a relatively diverse market. These properties are varied in terms of size, with 39% being one-bedroom, 32% two-bedroom, 21% three-bedroom, 4% four-bedroom, and 3% larger homes with five or more bedrooms. This variety caters to different guest needs, from solo travelers to larger groups. In terms of rental types, 73% of listings are entire homes, while private rooms account for 27%, providing options for both privacy and budget-conscious travelers.

Grande Prairie’s Airbnb market is robust. The Average Daily Rate (ADR) is $122.4, with the peak rate in August reaching $130. The Occupancy Rate averages 60%, with a high of 72% in August, suggesting strong demand during this month. The Average Monthly Revenue for hosts is around $1,493, peaking in August at $1,700. The Revenue Per Available Room (RevPAR) stands at $73.1, with an increase to $121 during weekends, indicating a higher demand for short stays.

With a Market Score of 99, Grande Prairie’s Airbnb market reflects high potential for growth and profitability. This high score, combined with the diverse range of property types and the peak performance during August, suggests that Grande Prairie offers fruitful opportunities for Airbnb hosts. The city’s small size, coupled with its strategic location and the relatively wide range of properties, makes it an attractive option for investors looking to enter a market with less competition and strong seasonal demand.

Beaumont

Beaumont, situated closer to Edmonton than Lloydminster but not on the direct route to the airport, presents a distinct scenario in the Airbnb market. Being just a 30-kilometer drive from Edmonton’s city center, Beaumont holds potential as a convenient suburban option for visitors.

Currently, Beaumont’s Airbnb market is relatively small, with 29 active listings. These properties predominantly consist of entire homes, which make up 87% of the listings. The rental sizes in Beaumont vary, with 45% being one-bedroom, 35% two-bedroom, and smaller proportions for larger properties, including 13% four-bedroom and 3% for both three-bedroom and homes with five or more bedrooms.

Financially, Beaumont’s Airbnb market shows promise. The Average Daily Rate (ADR) in Beaumont is $139.6, with the highest daily rate in September reaching $196. This peak suggests a specific seasonal demand, potentially tied to local events or attractions. The Occupancy Rate averages 60%, peaking at 80% in August, which indicates a strong demand during the summer months. The Average Monthly Revenue for hosts is approximately $1,760, with the highest earnings recorded in September amounting to $3,100. The Revenue Per Available Room (RevPAR) stands at $88.6, with an increase to $134 during weekends, suggesting that short stays and weekend getaways are particularly popular.

With a Market Score of 60, Beaumont’s Airbnb market, while not as vigorous as some larger cities, still shows potential for growth, especially considering its proximity to Edmonton. The current data indicates that Beaumont could be an appealing market for investors or hosts looking to cater to guests who prefer a quieter, suburban setting near a major city. The variety in property types and sizes, coupled with the strategic location and peak performance during certain months, presents an opportunity for strategic investment in the Airbnb space. Beaumont’s market dynamics suggest that it has room to grow and could offer profitable prospects for those entering the short-term rental market.

Medicine Hat

Medicine Hat, positioned 300 kilometers southeast of Calgary, presents a unique case within Alberta’s Airbnb market due to its more remote location. Despite its small size, the performance of Airbnb properties in this city is notably intriguing.

The current landscape of Medicine Hat’s Airbnb market includes 87 active listings. This market is characterized by a diverse range of rental sizes, with a predominance of one-bedroom properties accounting for 63% of the listings. In terms of rental types, the market offers a mix of 40% private rooms, 59% entire homes, and a marginal 1% shared rooms, catering to various guest needs and preferences.

Medicine Hat’s Airbnb market shows strong performance. The Average Daily Rate (ADR) is $103.2, peaking in June at $127. The market demonstrates a healthy Occupancy Rate of 68%, which further indicates a solid demand for short-term rentals in the area. The Average Monthly Revenue for hosts is around $1,231, with the highest monthly earnings in June, reaching $1,800. The Revenue Per Available Room (RevPAR) stands at $59.7, with a significant increase to $106 during weekends, suggesting higher demand for weekend stays.

With a perfect Market Score of 100, Medicine Hat’s Airbnb market indicates an exceptionally strong potential for growth and profitability. This high score, coupled with the diverse range of property types and the peak performance in June, suggests that Medicine Hat offers fruitful opportunities for Airbnb hosts. The city’s remote location, combined with its unique market dynamics, makes it an attractive option for investors and hosts seeking opportunities in less saturated markets with strong seasonal demand.

The current data implies that Medicine Hat, while smaller and more isolated compared to other Alberta cities, has managed to create a robust and appealing short-term rental market. This is evidenced by the high occupancy rates and impressive monthly revenues, especially during peak months. The variety in property types and sizes, along with the strategic distribution between entire homes and private rooms, positions Medicine Hat as a market with diverse opportunities for both new and experienced Airbnb hosts. The overall picture is one of a small city with a vibrant Airbnb market, offering profitable prospects in the growing field of short-term rentals.

Fort Saskatchewan

Fort Saskatchewan, situated adjacent to Edmonton, showcases a modest but promising Airbnb market. Currently, this city has a total of 28 active Airbnb listings, reflecting a market similar in scale and dynamics to other nearby towns.

In this market, the rental sizes are varied, with a majority of 59% being one-bedroom properties, followed by 27% being three-bedroom, and 14% being two-bedroom. This distribution indicates a market that caters predominantly to solo travelers or small families. In terms of rental types, 68% of listings are entire homes, while 32% are private rooms, offering a range of options for different guest preferences.

The Airbnb market in this city is characterized by an Average Daily Rate (ADR) of $106.7, with the highest rates observed in July at $123. The Occupancy Rate averages at 53%, with a peak in August reaching 71%, indicating strong summer demand. The Average Monthly Revenue for hosts is approximately $1,121, with the highest earnings in January, April, and October, each reaching $1,300. The Revenue Per Available Room stands at $54.9, with an increase to $96 during weekends, suggesting higher demand for short-term stays.

With a Market Score of 90, the city’s Airbnb market demonstrates significant potential, especially considering its proximity to Edmonton. Despite currently having the lowest revenue figures on our list, the market dynamics suggest room for growth and success in the future. The city’s strategic location next to a major urban center, combined with its varied range of properties and strong performance during certain months, presents an attractive opportunity for investors and hosts in the Airbnb market. The high score and the upward trends in occupancy and revenue during key months indicate that this city could be an emerging market worth exploring for those interested in the short-term rental space.

Edmonton

Edmonton, a prominent city in Alberta, exhibits a thriving and competitive Airbnb market. The city currently boasts a substantial number of Airbnb listings, with 2,955 active properties, marking it as one of the most competitive markets in the region.

The range of rental sizes in Edmonton is diverse, with 44% being one-bedroom properties, followed by 28% two-bedroom, 18% three-bedroom, 6% four-bedroom, and 4% consisting of larger homes with five or more bedrooms. This variety caters to a wide spectrum of guest needs, from solo travelers to larger groups or families.

In terms of rental types, the market is predominantly composed of entire homes, which account for 79% of the listings, while private rooms make up 21%. This distribution suggests a preference among travelers for privacy and more spacious accommodations.

Financially, Edmonton’s Airbnb market demonstrates robust performance. The Average Daily Rate (ADR) is $122.9, with the highest rates in August reaching $132. The Occupancy Rate averages 58%, with a peak in August at 74%, indicating strong demand during the summer months. The Average Monthly Revenue for hosts is around $1,657, with the highest monthly earnings recorded in August, amounting to $2,200. The Revenue Per Available Room (RevPAR) stands at $74, with an increase to $129 during weekends, suggesting that short stays and weekend getaways are particularly popular.

With a high Market Score of 96, Edmonton’s Airbnb market reflects a vibrant and profitable environment. This high score, coupled with the diverse range of property types and peak performance during August suggests that Edmonton offers fruitful opportunities for Airbnb hosts. The city’s large size and diverse neighborhoods provide a range of options for hosts, from more saturated areas to those with less competition.

Despite the intense competition, the market in Edmonton remains strong, as evidenced by the solid occupancy rates and average monthly revenues. Local hosts have managed to maintain a good level of income, which indicates the city’s continued appeal to visitors and the effective management of properties by hosts.

Overall, Edmonton presents an attractive option for both new and experienced Airbnb investors and hosts. The variety in property types, combined with the city’s strategic location and strong performance during key months, positions Edmonton as a market with diverse opportunities and a high potential for growth and profitability in the Airbnb sector. The combination of high demand, especially in summer, and the large number of listings makes Edmonton a dynamic and engaging market for short-term rentals.

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