Calgary Leads in Office-to-Residential Conversions Amidst Mixed Reactions Across Canada
Calgary has emerged as a leader in converting empty office buildings into residential spaces, driven by a cash incentive program that has resulted in 21 projects and nearly 2,700 new housing units. This initiative is part of a broader trend across Canada, where cities are exploring office-to-residential conversions to address housing shortages and repurpose vacant office spaces. While Calgary offers financial incentives to developers, other cities like Toronto are more cautious, citing potential economic impacts and rising office occupancy rates. The conversions are seen as a way to reduce carbon emissions by repurposing existing structures rather than constructing new ones. 
