Why Airbnb in Calgary is a great investment

Top Reasons to Invest in Airbnb in Calgary

Calgary is a beautiful city in Canada with stunning landscapes, a rich cultural heritage, and a growing economy. With an increasing number of tourists visiting the city every year, investing in Airbnb properties can be a lucrative option for people looking for long-term returns. In this article, we will explore the reasons why Airbnb in Calgary is a great investment.

Learn about Airbnb Management in Calgary.

Growing tourism industry

Calgary is known for its world-class events, such as the Calgary Stampede and the Calgary Folk Music Festival, which attract a massive influx of tourists from all around the globe. According to Tourism Calgary, the city welcomed over 7.5 million visitors in 2019, which is expected to grow in the coming years. This presents a great opportunity for Airbnb investors to capitalize on the growing tourism industry.

High Airbnb occupancy rates

Calgary has one of the highest Airbnb occupancy rates in Canada, with an average rate of 70%. This means that Airbnb properties in Calgary are in high demand and can generate a significant amount of revenue for investors. Additionally, the city’s growing popularity as a tourist destination makes it an attractive option for short-term rentals.

Strong economy

Calgary has a diverse and robust economy, with a growing tech sector and a strong oil and gas industry. The city is also home to many multinational corporations, including Amazon, Google, and Microsoft. This strong economy provides investors with a stable and reliable source of income, making it a great place to invest in Airbnb properties.

Affordable real estate

Compared to other major Canadian cities, such as Toronto and Vancouver, Calgary’s real estate market is relatively affordable. This makes it an attractive option for investors looking to purchase properties for short-term rentals. With low property prices and high rental rates, investors can expect a significant return on their investment.

Favorable Airbnb regulations

Unlike other major cities in Canada, Calgary has favorable regulations for short-term rentals. The city allows for the renting of entire properties for up to 180 days per year, which provides investors with the flexibility to use their properties as short-term rentals while still complying with regulations.

Potential for long-term gains

Investing in Airbnb properties in Calgary presents an opportunity for long-term gains. As the city’s economy and tourism industry continue to grow, the demand for short-term rentals is likely to increase. This will result in higher rental rates and increased demand for Airbnb properties, leading to long-term gains for investors.

Opportunity for diversification

Investing in Airbnb properties in Calgary can also provide investors with an opportunity to diversify their investment portfolio. By investing in real estate, investors can diversify their holdings and reduce risk. Airbnb properties can also provide a stable source of income, which can help to reduce the risk of losses in other parts of an investment portfolio.

Potential for remote work

With the rise of remote work, more people are looking for places to work remotely. Airbnb properties in Calgary can provide a comfortable and private workspace for people who work from home. This can increase the demand for short-term rentals and provide investors with an opportunity to generate more revenue.

Potential for sustainable tourism

Calgary has a strong commitment to sustainability and responsible tourism. This presents an opportunity for Airbnb investors to create sustainable and environmentally-friendly rental properties. By implementing green technologies and practices, investors can attract eco-conscious travelers and contribute to a more sustainable tourism industry.

Integrating Sustainability into Your Airbnb Business Model

Ease of Airbnb management

Airbnb management companies can help investors to manage their properties, reducing the amount of time and effort required to maintain their properties. These management companies can handle everything from bookings to cleaning, allowing investors to focus on other areas of their investment portfolio.

Access to world-class amenities

Calgary has access to world-class amenities, such as ski resorts, national parks, and cultural attractions. These amenities make Calgary a popular tourist destination and increase the demand for short-term rentals. Investors can capitalize on the demand by providing high-quality Airbnb properties that offer convenient access to these amenities.

Explore Top Calgary Neighbourhoods for Airbnb.

Strong Airbnb rental market

Calgary has a strong rental market, with a low vacancy rate and high rental rates. This means that investors can generate a significant amount of revenue (average monthly revenue is $1416) by renting their properties out to long-term tenants. By using Airbnb to supplement their income during periods of low demand, investors can maximize their return on investment.

Increasing popularity of short-term rentals

The popularity of short-term rentals is increasing worldwide, as more people are looking for unique and personalized travel experiences. Airbnb provides travelers with a more authentic experience than traditional hotels, which appeals to a growing segment of the tourism market. As the popularity of short-term rentals increases, investors can expect to see increased demand for their properties.

Potential tax benefits

Investing in Airbnb properties in Calgary can also provide potential tax benefits. Depending on the structure of the investment, investors may be able to deduct expenses related to the property, such as mortgage interest, property taxes, and maintenance costs. These tax benefits can help to increase the return on investment for investors.

Ability to use the property for personal use

One of the benefits of owning an Airbnb property is the ability to use the property for personal use. Investors can enjoy the property themselves during periods of low demand or use it as a vacation home. This provides investors with a tangible benefit that can add value to their investment.

Learn about How to start an Airbnb business in Calgary.

Conclusion

Investing in Airbnb properties in Calgary is a great option for investors looking for long-term returns. With a growing tourism industry, high occupancy rates, a strong economy, affordable real estate, favorable regulations, potential for long-term gains, and other benefits such as tax benefits and the ability to use the property for personal use, Calgary presents a great opportunity for investors to capitalize on the short-term rental market. By investing in Airbnb properties, investors can generate a stable source of income, diversify their holdings, and contribute to a more sustainable tourism industry.

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