Canmore Airbnb and Tourist Home Calculator
Tourist-home zoned properties in Canmore sell at a 20–30% premium and pay 0.832% of assessed value in property tax, about 1.8 times the primary-residence rate. This calculator shows whether the nightly income covers that: cash flow, cap rate, cash-on-cash return and the occupancy you need just to break even.
Estimates only. Nightly rentals are legal only in tourist-home and visitor-accommodation zoned properties with a business licence; residential properties cannot be rented nightly. Vendor market data varies widely by season and unit type, use your own comparable listings. Income tax, vacancy between seasons, GST on rentals and lender conditions are not modelled.
We’ll send the numbers with notes on the tourist-home buildings that fit your budget.
How the numbers work
Can any Canmore property be rented on Airbnb?
No. Only properties zoned as tourist homes or visitor accommodation (hotel condos) can be rented nightly, and they need a Town business licence. Since March 2025 no new tourist-home use can be created, so the stock is fixed. Residential homes and condos cannot be rented for less than a month.
Where do the default nightly rate and occupancy come from?
From published 2025–26 Canmore market data across three vendors, which put the average daily rate around $300–335 and occupancy anywhere from about 58% to 80% depending on the source, season and unit type. Replace them with figures for comparable units in the specific building.
What does break-even occupancy mean?
The share of nights you would need to book at your nightly rate to cover every operating cost plus the mortgage. If the market occupancy for similar units is below it, the property will lose money before income tax.
Why does the long-term rental comparison look different?
A long-term tenant means the primary-residence tax rate of 0.457% rather than the tourist-home rate of 0.832%, no management or cleaning fees, and lower wear, but a much lower gross rent. It also makes the Livability Tax irrelevant, because a tenant living there 183+ days counts as occupancy.
Thinking about Canmore?
Ask before you fall in love with a listing. Tell us what you’re considering and you’ll get a straight answer, and an introduction to a licensed Bow Valley REALTOR® when you want one.