Top Calgary Neighbourhoods for Airbnb
As one of the largest cities in Canada, Calgary offers a wide range of opportunities for Airbnb hosts looking to rent out their properties. (Check out Why Airbnb in Calgary is a great investment.) With many attractions and events taking place in the city throughout the year, there is no shortage of demand for short-term rentals. However, finding the right neighbourhood can make all the difference in attracting the right guests and maximizing your earnings. In this guide, we will explore the top Calgary neighbourhoods for Airbnb hosts.
Host Recommendations: A Comprehensive Calgary Guide for Your Visitors
City Center: Calgary’s Pulse
Metrics Analysis
- Market Grade: A-
- Average Daily Rate: $121
- Peak Daily Rate in July: $189
- Occupancy Rate: 77%
- Peak Occupancy in August: 83%
- Average Monthly Revenue: $1,838
- Peak Revenue in July: $3,322
- Active Rentals: 2,469
City Center, boasting an impressive “A-” market grade, is where the action is. With an average daily rate of $121, hosts can expect premium returns. The high demand, evident from the 77% average occupancy rate, is complemented by a vast pool of 2,469 active rentals. The peak revenue in July stands testament to its allure during the summer months.
Sub-neighborhoods
Beltline. Emerging as Calgary’s hub for the young and restless, Beltline is an eclectic blend of the old and the new. With heritage buildings transitioning into modern apartments and lofts, it offers guests a unique city experience. Streets like 17th Avenue, famously known as the ‘Red Mile’, are lined with boutique shops, artisanal cafes, and innovative eateries that cater to a discerning palate. The nightlife here is vibrant, with numerous bars, clubs, and lounges attracting both locals and tourists.
Kensington. Often dubbed as Calgary’s ‘Village in the City’, Kensington seamlessly combines the intimacy of a small town with urban sophistication. Nestled by the Bow River, the neighborhood boasts of scenic walking trails, interspersed with chic boutiques, artisan cafes, and independent bookstores. Its bohemian vibe makes it a haven for artists, writers, and musicians.
Mission. Steeped in history, Mission retains its old-world charm while integrating contemporary comforts. Once a Catholic mission, it’s now bustling with up-scale restaurants, boutique shops, and art galleries. The Elbow River’s pathways offer guests a chance for tranquil strolls, while Fourth Street is always brimming with festivities, especially during the annual Lilac Festival.
Downtown West End & Eau Claire. These business epicenters, overshadowed by towering skyscrapers, become recreation hotspots once the workday ends. Eau Claire, in particular, offers a rich mix of dining, shopping, and entertainment venues. The Eau Claire Market and Prince’s Island Park host numerous events, making these areas a magnet for business travelers and leisure seekers alike.
East: Nostalgic Nuances
Metrics Analysis
- Market Grade: B-
- Average Daily Rate: $98
- Peak Daily Rate in July: $141
- Occupancy Rate: 71%
- Peak Occupancy in June: 81%
- Average Monthly Revenue: $1,189
- Peak Revenue in July: $2,484
- Active Rentals: 149
East’s “B-” market grade suggests a more value-oriented segment. However, with consistent demand evident from a 71% occupancy rate and a decent average daily rate of $98, it showcases the potential for hosts to aim for steady bookings rather than premium pricing.
Sub-neighborhoods
Forest Lawn. A cultural melting pot, Forest Lawn stands as a testament to Calgary’s multicultural essence. Streets are dotted with international restaurants, ranging from Vietnamese Pho houses to East African cafes. Its art and culture scene is burgeoning, with murals, local theaters, and festivals celebrating global heritages.
Dover. A peaceful enclave in the midst of urban sprawl, Dover offers guests a respite from the city’s hustle and bustle. With expansive parks, verdant green spaces, and serene lakes, it appeals to those looking for a tranquil setting while being minutes away from Calgary’s main attractions.
West: Modern Meets Mountains
Metrics Analysis
- Market Grade: B
- Average Daily Rate: $115
- Peak Daily Rate in July: $163
- Occupancy Rate: 69%
- Peak Occupancy in August: 83%
- Average Monthly Revenue: $1,494
- Peak Revenue in July: $2,736
- Active Rentals: 334
The West, with its “B” market grade and an average rate of $115, finds its strength in balancing modernity with nature. The region sees consistent demand throughout the year, peaking in August at 83% occupancy.
Sub-neighborhoods
West Springs & Cougar Ridge. Positioned at Calgary’s western edge, these neighborhoods are where city luxury meets nature’s bounty. Upscale residences, gourmet restaurants, and boutique shops provide urban comforts, while the proximity to the Rockies means adventure is just around the corner. From skiing in the winter to hiking in the summer, outdoor enthusiasts find solace here.
North: Urban Tranquility
Metrics Analysis
- Market Grade: B
- Average Daily Rate: $98
- Peak Daily Rate in July: $127
- Occupancy Rate: 67%
- Peak Occupancy in July: 85%
- Average Monthly Revenue: $1,207
- Peak Revenue in July: $2,139
- Active Rentals: 600
The North offers a balanced Airbnb market. With a Market Grade of “B” and an average daily rate of $98, it positions itself as an affordable option for many travelers. The occupancy rate, hovering around 67% and spiking at 85% in July, suggests stable demand. 600 active rentals indicate a thriving Airbnb community in the North.
Sub-neighborhoods
Thorncliffe & Huntington Hills. Offering suburban serenity, these neighborhoods are characterized by tree-lined streets, community parks, and family-friendly amenities. Local shopping centers, schools, and recreation facilities mean guests have everything they need at their fingertips. The panoramic views of the downtown skyline and the mountains make watching sunsets a favorite pastime.
South: Sophistication & Scenic Beauty
Metrics Analysis
- Market Grade: B
- Average Daily Rate: $110
- Peak Daily Rate in July: $146
- Occupancy Rate: 68%
- Peak Occupancy in July: 87%
- Average Monthly Revenue: $1,322
- Peak Revenue in July: $2,377
- Active Rentals: 422
The South segment presents a steady Airbnb market. With a “B” grade and an average rate of $110, it offers a good balance between affordability and quality. A notable peak occupancy of 87% in July and 422 active rentals showcase its appeal.
Sub-neighborhoods
Evergreen & Lake Bonavista. Two of Calgary’s most scenic neighborhoods boast artificial lakes that become community hubs. While Lake Bonavista, established in the 1960s, has matured with elegant homes and parks, Evergreen offers a mix of modern residences. Both provide hosts with the opportunity to offer kayaking, paddle-boating, and serene lakeside picnics.
North East: Mosaic of Cultures
Metrics Analysis
- Market Grade: B-
- Average Daily Rate: $99
- Peak Daily Rate in July: $129
- Occupancy Rate: 69%
- Peak Occupancy in August: 83%
- Average Monthly Revenue: $1,257
- Peak Revenue in July: $2,222
- Active Rentals: 400
The North East section of Calgary mirrors much of the North in terms of metrics but edges ahead slightly with its occupancy and revenue figures. With 400 active rentals, it’s a growing market with promising potential for new and existing hosts.
Sub-neighborhoods
Rundle & Taradale. Diverse and dynamic, these neighborhoods reflect Calgary’s evolving cultural tapestry. Year-round community events, ranging from Diwali celebrations to Eid feasts, showcase their multicultural essence. A myriad of restaurants serve dishes from across the globe, promising guests a culinary journey.
North West: Academic Hubs & Nature Trails
Metrics Analysis
- Market Grade: A-
- Average Daily Rate: $118
- Peak Daily Rate in July: $160
- Occupancy Rate: 70%
- Peak Occupancy in July: 89%
- Average Monthly Revenue: $1,541
- Peak Revenue in July: $2,901
- Active Rentals: 515
The North West region stands out with its “A-” market grade, suggesting it offers a premium experience similar to the City Center. With a peak occupancy rate of 89% in July and 515 active rentals, it’s a hotspot for Airbnb in Calgary.
Sub-neighborhoods
Varsity & Brentwood. Adjacent to the University of Calgary, these areas pulsate with academic energy. Bookstores, cozy cafes, and intellectual hubs make them ideal for students, researchers, and academics. Nature trails and parks, like Nose Hill Park, offer refreshing green spaces for relaxation and recreation.
South East: Waterside Wonder
Metrics Analysis
- Market Grade: B
- Average Daily Rate: $108
- Peak Daily Rate in July: $139
- Occupancy Rate: 73%
- Peak Occupancy in July: 89%
- Average Monthly Revenue: $1,402
- Peak Revenue in July: $2,444
- Active Rentals: 316
The South East, with its “B” grade, has witnessed growing interest due to its unique beach city ambiance. An average rate of $108 and high occupancy in the summer months underline its increasing appeal.
Sub-neighborhoods
McKenzie Lake & Mahogany. Calgary’s answer to beach getaways, these neighborhoods promise a unique waterside experience. With sandy beaches, crystal-clear lakes, and watersports facilities, they’ve become summer favorites. The communities are tight-knit and often host lakeside events, from boat parades to fishing derbies.
Optimizing Your Airbnb Experience in Calgary: Location, Legalities, and Guest Comfort
When choosing a neighbourhood for your Airbnb rental, it is important to consider factors like location, amenities, and accessibility. Some neighbourhoods may be better suited for travellers who are looking for a lively atmosphere, while others may be more suitable for those who want a peaceful retreat. By understanding your target audience and choosing the right neighbourhood, you can attract the right guests and offer them a memorable experience.
Another important consideration when renting out your property on Airbnb is the legal requirements and regulations that apply to short-term rentals in Calgary. As of January 2023, Calgary requires all short-term rental hosts to obtain a business license, register with the city, and comply with specific regulations related to safety, insurance, and taxation. It is important to familiarize yourself with these requirements and ensure that you are in compliance with all applicable laws and regulations.
In addition to complying with legal requirements, it is also important to provide your guests with a safe and comfortable experience. This may involve installing smoke detectors and carbon monoxide alarms, providing clean and well-maintained accommodations, and ensuring that your property meets all applicable health and safety standards. By providing your guests with a safe and comfortable experience, you can build a positive reputation and attract repeat customers.
Read about Airbnb Management in Calgary.
Conclusion
To sum it up, Calgary’s Airbnb market is as diverse as the city itself. Each neighborhood offers a unique proposition for hosts and guests alike. For hosts, understanding these nuances can be the key to tapping into the right guest segment and maximizing their returns. For guests, it’s about finding that perfect locale that resonates with their travel objectives, be it business, leisure, nature, or culture. With such a varied spectrum, Calgary indeed has something for everyone.
