Administered by Government of Alberta · Last verified: July 2026
The City of Calgary funds downtown property owners to convert underused office space into housing, hotels, and other approved uses such as student or seniors housing, life science space, and cultural venues. The incentive is paid per square foot of converted space and is awarded through a competitive review of applications. Applicants must own the building or show a clear path to ownership.
Review times vary by program, from a few weeks to a few months, so check the official page for its timeline. Grant money is usually paid after you sign a funding agreement, and cost-shared programs often reimburse you once you send proof of what you spent.
Take the 3-minute quiz to find out, and see every other Canadian program you qualify for at the same time.
Check my eligibilityCalgary Downtown Office Conversion Program is generally open to incorporated, partnership businesses, in Alberta, in Construction & Trades, Professional Services, Other. Confirm the full criteria on the official program page before applying.
The estimated value is Up to $75 per square foot of converted office space. The actual amount depends on your eligible costs, the program's budget, and approval.
1. Confirm the building is in the Greater Downtown Plan Area and classified non-residential office 2. Review the program Terms of Reference 3. Prepare a single PDF application that includes the financing plan 4. Apply online during the June 15 to July 27, 2026 window
Application window June 15 to July 27, 2026.
Typically $1 million to $10 million per project, depending on scope
INCENTIVELoans up to approximately $1,000,000 (average around $70,000)
INCENTIVERequires $100,000+ investment; pathway to permanent residence