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In the world of Airbnb hosting, Calgary stands out as a vibrant marketplace teeming with opportunities. Its multitude of year-round attractions and events ensures a constant flow of travelers, making it a lucrative option for short-term property rentals. But to capitalize on this bustling market, it’s crucial to zero in on the right neighbourhoods. This article aims to give you a deep-dive into Calgary’s premier Airbnb locations, providing data-driven insights to help you maximize your rental income.
Calgary City Center: The Urban Hotspot
Market Insights
- 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
Known as the heartbeat of Calgary, the City Center offers a competitive market for Airbnb hosts. It pulls in higher daily rates, making it a premium choice for those looking to maximize their return on investment. The area enjoys a robust average occupancy of 77%, supported by a vast selection of 2,469 active rentals.
Highlighted Areas
- Beltline: An attractive zone for millennials, it marries historical architecture with contemporary living spaces. The vibrant ‘Red Mile’ on 17th Avenue is packed with boutique stores, trendy cafes, and sophisticated eateries. The nightlife here is nothing short of lively.
- Kensington: Referred to as Calgary’s “Urban Village,” Kensington offers the comfort of small-town life with a dash of city sophistication. Located by the Bow River, it features picturesque walking paths and a variety of independent boutiques and cafes.
- Mission: Rich in history, Mission blends its storied past with modern amenities. The Elbow River pathways and Fourth Street’s spirited atmosphere, especially during the annual Lilac Festival, make it an enticing location for guests.
- Downtown West End and Eau Claire: Serve as bustling business hubs, framed by imposing high-rises, that transition into leisure destinations post-work hours. Specifically, Eau Claire is a hub for a diverse range of restaurants, shops, and entertainment options. Attractions like Eau Claire Market and Prince’s Island Park are venues for various events, making both areas appealing to both business and leisure travelers.
Eastern Calgary: An Oasis of Affordability
Market Insights
- 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
The East Airbnb market has a market grade of B-, indicating it’s a fairly strong yet affordable option for travelers. The average daily rate of $98 rises to $141 in July, suggesting a profitable peak season. The market maintains a 71% average occupancy rate and peaks at 81% in June, showing consistent demand. Monthly revenues average $1,189, with a peak of $2,484 in July, offering hosts a steady income. With 149 active rentals, the market is less saturated than in Western Calgary, providing a potentially easier entry point for new hosts. Overall, Eastern Calgary presents a solid investment opportunity, especially for those looking to cater to budget-conscious travelers.
Highlighted Areas
- Forest Lawn: A melting pot of global cultures, this area boasts international restaurants and a vibrant arts scene.
- Dover: Ideal for guests seeking tranquility, Dover is a haven of green spaces, peaceful parks, and quiet lakes.
Western Calgary: Where City Meets Scenic
Market Insights
- 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
Western Calgary presents a balance of modern conveniences and natural beauty, attracting a varied clientele. Western Calgary’s Airbnb market has a solid market grade of B and an average daily rate of $115, peaking at $163 in July. With an occupancy rate averaging 69% and reaching 83% in August, the summer months are lucrative, as seen with a peak monthly revenue of $2,736. With 334 active rentals, the market is competitive but offers ample opportunity, making it a viable investment, especially when optimized for peak seasons.
Highlighted Areas
West Springs & Cougar Ridge: These neighbourhoods offer luxury living adjacent to natural landscapes. Popular for winter skiing and summer hiking, they cater to outdoor enthusiasts.
Northern Calgary: A Balanced Blend of Urban and Suburban
Market Insights
- 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
Northern Calgary’s Airbnb market holds a market grade of B, indicating a well-balanced investment area. The average daily rate stands at $98, which peaks at $127 in July, suggesting moderate pricing that could attract a wide range of travelers. With an average occupancy rate of 67% that jumps to 85% in July, there’s significant seasonal demand. The average monthly revenue is $1,207, peaking at $2,139 in July, underlining the importance of capitalizing on the summer months. Notably, the area has a high number of 600 active rentals, making the market highly competitive. Overall, Northern Calgary offers a dependable Airbnb investment, especially if you can navigate the crowded market and optimize for the summer season.
Highlighted Areas
Thorncliffe & Huntington Hills: These suburban neighbourhoods offer family-friendly amenities, community parks, and stunning panoramic views.
South Calgary: Elegance Meets Nature
Market Insights
- Market Rating: B
- Average Nightly Price: $110
- Top Nightly Price in July: $146
- Occupancy Level: 68%
- Highest Occupancy in July: 87%
- Average Earnings Per Month: $1,322
- Highest Earnings in July: $2,377
- Available Listings: 422
The South district of Calgary offers a stable Airbnb market, combining quality and affordability with an average nightly rate of $110. Its July occupancy peak of 87% and the presence of 422 active listings demonstrate its attractiveness.
Highlighted Areas
Lake Bonavista & Evergreen: These scenic locales feature man-made lakes that serve as community focal points. Lake Bonavista, developed in the 1960s, is filled with charming homes and parks, whereas Evergreen offers contemporary housing. Both areas offer outdoor activities like kayaking and tranquil lakeside picnics.
North East Calgary: Cultural Kaleidoscope
Metrics Overview
- Market Rating: B-
- Average Nightly Price: $99
- Top Nightly Price in July: $129
- Occupancy Level: 69%
- Highest Occupancy in August: 83%
- Average Earnings Per Month: $1,257
- Highest Earnings in July: $2,222
- Available Listings: 400
The North East region shares similarities with the North but outperforms it slightly in terms of occupancy and revenue. With 400 listings, this area is ripe for both new and existing hosts.
Highlighted Areas
Taradale & Rundle: These neighborhoods showcase Calgary’s rich cultural diversity with events celebrated year-round, from Diwali to Eid. A variety of international cuisines also provide a culinary adventure for guests.
North West Calgary: Learning Centers & Natural Beauty
Metrics Overview
- Market Rating: A-
- Average Nightly Price: $118
- Top Nightly Price in July: $160
- Occupancy Level: 70%
- Highest Occupancy in July: 89%
- Average Earnings Per Month: $1,541
- Highest Earnings in July: $2,901
- Available Listings: 515
The North West quarter shines with its A- grade, indicating it offers a near-premium experience. With peak occupancy hitting 89% in July and 515 listings, it’s a hotspot for Airbnb operators in Calgary.
Highlighted Areas
Brentwood & Varsity: Situated near the University of Calgary, these locales buzz with academic activity. From bookshops to cozy cafes and scholarly venues, they cater to students and academics alike. Additionally, they offer green spaces like Nose Hill Park for outdoor relaxation.
South East Calgary: Lakeside Leisure
Metrics Overview
- Market Rating: B
- Average Nightly Price: $108
- Top Nightly Price in July: $139
- Occupancy Level: 73%
- Highest Occupancy in July: 89%
- Average Earnings Per Month: $1,402
- Highest Earnings in July: $2,444
- Available Listings: 316
The South East corner has garnered increased attention due to its beach-like environment. Its affordable rate of $108 and high summer occupancy emphasize its growing charm.
Highlighted Areas
Mahogany & McKenzie Lake: Offering a beach retreat within the city, these areas feature sandy shores, clear lakes, and water activities. Tight-knit communities often organize lakeside happenings, such as boating events and fishing contests.
Key Considerations for Optimizing Your Calgary Airbnb Experience
When it comes to selecting the perfect Airbnb location in Calgary, it’s not just about the neighbourhood. You should also consider local laws and guest amenities. As of 2023, hosts are required to obtain a business license and meet certain regulations regarding safety, insurance, and taxes. Ensuring a safe and hospitable environment will not only keep you in compliance but also attract repeat bookings.
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Wrapping Up
Calgary is a diverse landscape, offering Airbnb hosts a plethora of opportunities to tap into various traveler needs—be it business, leisure, nature, or culture. To thrive in this market, understanding the unique character of each neighbourhood is crucial. With comprehensive insights into prime locations, you’re now better equipped to make data-driven decisions and optimize your Airbnb earnings in Calgary.
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