Last verified: June 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.
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Check my eligibilityTypically $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