Short term rental market data

Banff, Alberta

National-park icon with heavy regulation and scarce licensed supply.

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Short term rental rules in Banff

Effectively prohibitedVerified July 25, 2026

Dedicated short term rentals are effectively prohibited; the only path is a capped, owner-occupied bed and breakfast licence.

•Banff's land use bylaw prohibits using residential property for commercial visitor accommodation.
•The exception is an owner-occupied Accessory Guest Accommodation (B&B) where the owner lives on site and is present whenever guests stay.
•Owners must qualify as eligible residents of Banff National Park under Parks Canada's need-to-reside rules; operating a rental does not itself qualify anyone to live in Banff.
•Licences are capped at 65 town-wide, allocated across districts, with a lottery when applications exceed supply.

Rules change often, and this summary is not legal advice. Confirm with the municipality before you transact.

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Estimates come from third-party short term rental market data and property inputs. They are not a guarantee of income.