Rental Rates and Vacancies
According to the latest data from the Government of Alberta (2021 report based on 2020 survey), Banff has some of the highest rental rates in the province:

Banff Apartment Rentals Vacancy Rate
2018 Vacancy Rate 1.1%
2021 Vacancy Rate 3.2%*
% Change in Vacancy Rate 2.1%
*Note: this data is based on surveying in2020 during the height of the pandemic, when many workers left Banff