City Announces Two Below-Market Housing Conversion Projects in Calgary's Downtown

Calgary’s downtown is buzzing with change, and the city’s latest move is turning heads—and opening doors. In a bold step towards tackling housing affordability, the city has announced two new projects that will convert downtown office buildings into much-needed below-market housing.

It’s no secret that Calgary’s downtown has faced challenges in recent years. Office towers that once bustled with activity have seen vacancy rates climb, while many Calgarians struggle to find affordable places to live. The city’s response? Transforming underused office space into homes that more people can afford.

These two conversion projects are more than just construction updates—they’re a sign of Calgary’s commitment to creative, community-focused solutions. By breathing new life into these buildings, the city hopes to create hundreds of units for individuals and families who need them most. While specific details about the buildings and the exact number of homes are still emerging, city officials have emphasized that these projects will prioritize accessibility, sustainability, and a sense of belonging for residents.

• Revitalizing the Core: More residents downtown means more vibrant streets, thriving local businesses, and a stronger sense of community.
• Supporting Affordability: Below-market housing helps ensure that people from all walks of life can call Calgary’s downtown home.
• Setting an Example: These projects could pave the way for more office-to-housing conversions, inspiring other cities facing similar challenges.

As the city moves forward, many are watching to see how these projects unfold—and what they could mean for Calgary’s future. With vision, collaboration, and a focus on people, the city is showing how innovative thinking can turn challenges into opportunities.

Stay tuned for updates as these conversions take shape and help redefine what it means to live, work, and thrive in Calgary’s downtown.

See attached buildings that are proposed to be converted

An office-to-residential conversion at the corner of 8th Avenue and 9th Street S.W. on Monday, Feb. 9, 2026. Brent Calver/Postmedia

One of downtown Calgary's latest office-to-residential conversions was photographed at the corner of 5th Avenue and 4th Street S.W. on Monday, Feb. 9, 2026. Brent Calver/Postmedia