Airbnb Canmore Alberta: What Do You Need to Know?

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Are you considering investing in an Airbnb in Canmore Alberta, but unsure of where to start? Look no further! In this video, we will be discussing the top 5 questions that we get asked when buying a short-term rental in Canmore. We'll cover the cost of purchasing a property, the potential return on investment, property management options, financing, and the types of properties that allow short-term rentals. Whether you're a first-time buyer or a seasoned investor, our expert advice will guide you through the process. For more information, feel free to reach out to us. Also, don't forget to check out the attached ROI Calculator provided by Elk & Owl Mountain Retreats. So, let's get started and learn everything you need to know about Airbnb Canmore.
#canmore #airbnb
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Contact Us:
📲 403-688-1070
✉️ info@canmorearealiving.ca
💻 www.canmorearealiving.ca
ROI Calculator:
join.elkandowl.ca/roi-estimator
Timestamp:
00:00 - Intro
00:11 - Cost
01:47 - ROI
03:04 - Property Management
04:48 - Financing
06:18 - Property Types
07:32 - Outro

Опубликовано:

29 июн 2024

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Комментарии : 13

@bodhisattva6308 Год назад

Excellent info. Thanks for sharing

@canmorearealiving Год назад

We are glad you found it informative! Is there any other content you'd like to see?

@nathangerzen3727 10 месяцев назад

What if i use an out of province bank to get, lets say 10% down. Anything hindering me from that purchase going through? Any local laws stating minimum 20% down for example?

@canmorearealiving 10 месяцев назад

Hi Nathan, thanks for the comment. There is nothing hindering a purchase from going through if you are an out of province buyer as long as you're a canadian citizen or permanent resident of Canada. That being said, due to these types of properties and the way the banks views them they all require a minimum of 20% down unless you plan to use a form of private lending. Are you looking to get into the Canmore real estate market? Hope this helps. Cheers!

@bodhisattva6308 Год назад

Never heard of 20 Percent down for Canmore. I believe it’s 35 percent minimum down for financing. Correct me if I am wrong

@canmorearealiving Год назад

Hi Bodhi, thanks for the comment. There are a few local lenders where we have seen our clients do 20% down. It really depends on the sale price.

@bodhisattva6308 Год назад

@@canmorearealiving Thad’s great to know. Thank you

@canmorearealiving Год назад

You're welcome! Let us know if we can help further.

@alexandrucovaliov8989 8 месяцев назад

35% down payment? That limits buyers by a loooot. I will never achieve my dream to have a townhouse in Canmore if the down payment is 35%. IF average price is 1.2M then down payment 35% is 420K. Who has these money in the pocket right now?

@bodhisattva6308 8 месяцев назад

@@alexandrucovaliov8989 35 percent down if you are doing an “investment” property …short term rental. Not otherwise. Short term rental is regarded like a hotel and needs a higher down payment.