Page 2 - Peoplefirst Developments News Today

In Calgary, two office-to-residential conversion projects, The Cornerstone and the Petro Fina Building, have drawn the interest of more than 1,500 investors from across the country

Some cities offering incentive programs to offset expense, complexity and amount of work

International migrants are more likely to initially become renters, but may face problems finding a unit as vacancies decline in the most affordable segment

The downturn that hit the oilpatch eight years ago wasn’t kind to downtown workers or the buildings they once filled. A new strategy for Calgary's core is entering a phase that, if successful, could define the next era in the same way oil and gas defined the last.

The combined projects will add 530 new living units to the downtown

The City of Calgary has reached agreements with the owners of five downtown buildings to offer them incentives if they convert those buildings to residential housing.

Vancouver has decided not to convert any of its office space into residential, while Calgary is regarding office conversions as an opportunity to reshape its downtown

Vancouver has decided not to convert any of its office space into residential, while Calgary is regarding office conversions as an opportunity to reshape its downtown

Vancouver has decided not to convert any of its office space into residential, while Calgary is regarding office conversions as an opportunity to reshape its downtown

Cities across Canada look to office conversions amid a housing shortage, but getting it right isn't easy