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Calgary Launches 9 Projects to Convert Offices into 1,000 Homes

11/22/2025

Summary

Story summary

Calgary announced nine new projects under its downtown office conversion program, aiming to create nearly 1,000 homes and bringing the total to 21 projects that will provide 3,000 homes.
The initiative is part of the Downtown Calgary Development Incentive Program and seeks to repurpose vacant office space to improve housing availability and downtown vibrancy.
As of Q3 2025, Calgary faces a 30% office vacancy rate, and city officials are optimistic about reducing this to 20% by 2031 through continued investment.
The program has attracted over $800 million in private investment, illustrating its economic impact and community benefits.

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Story summary

Calgary announced nine new projects under its downtown office conversion program, aiming to create nearly 1,000 homes and bringing the total to 21 projects that will provide 3,000 homes.
The initiative is part of the Downtown Calgary Development Incentive Program and seeks to repurpose vacant office space to improve housing availability and downtown vibrancy.
As of Q3 2025, Calgary faces a 30% office vacancy rate, and city officials are optimistic about reducing this to 20% by 2031 through continued investment.
The program has attracted over $800 million in private investment, illustrating its economic impact and community benefits.