Where we're most active

Calgary

Investment properties are allowed, with a City business licence, a fire safety plan, and $2 million minimum liability insurance required. Short-term rental is defined as stays up to 180 consecutive days. A moratorium on new non-primary-residence licences can trigger if the city's rental vacancy rate drops below 2.5% — it isn't in effect currently.

Open market
Other Alberta markets

What we watch across the rest of the province.

This is the research our acquisitions side runs before recommending — or ruling out — a property outside Calgary.

Edmonton

The most flexible major market we've reviewed. No principal-residence rule, no annual night cap, and a low annual licence fee. Requires an approved guest-management plan.

Open

Canmore

Restricted to properties zoned Tourist Home or Hotel Condominium — most residential zones are off-limits, and no new Tourist Home zoning is being approved.

Zoning-dependent

Dead Man's Flats

Runs through a development permit rather than a simple licence, with guest caps and a required fire inspection. Rules are actively being rewritten.

Permit-heavy

Sylvan Lake

Rentals must be applied for by the owner-occupant personally — a business or investment structure cannot hold the licence.

Owner-occupant only

Rocky Mountain House

No short-term-rental-specific bylaw turned up in our review — operating here falls under the town's standard business licence, plus the province-wide Alberta Fire Code requirements (working smoke alarms, carbon monoxide detectors, fire extinguishers). Demand is tied to hunting, fishing, and highway traffic, so it's smaller and more seasonal than the mountain corridor.

Open, lower demand

Cochrane, Red Deer, Lethbridge

Same pattern as Rocky Mountain House — a standard business licence and Alberta Fire Code compliance, with no short-term-rental-specific bylaw identified at time of review. Worth re-checking directly before buying, since local rules can change without much notice.

Open, unverified detail

Banff

Broadly prohibits short-term rentals outside approved, owner-occupied bed and breakfasts. Not a market we'd recommend pursuing as an investment property.

Not viable

Considering somewhere else?

If it's not listed here, we haven't reviewed it yet — ask us and we'll check before you make an offer.

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A note on this page

Rules change. This reflects our last verification, not a legal opinion.

Always confirm current rules directly with the municipality before buying or listing a property. If you want this checked against the current bylaw for a specific address, ask us before you commit to anything.