Office conversion to housing costly, say developers
Some cities offering incentive programs to offset expense, complexity and amount of work
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Some cities offering incentive programs to offset expense, complexity and amount of work
By Rahim Mohamed and Pete de Jong
Total construction value saw an increase of six per cent, year-over-year at $1.17 billion so far in 2023 in Calgary, according to the city.
Total construction value saw an increase of six per cent, year-over-year at $1.17 billion so far in 2023 in Calgary, according to the city.
Close to 1.35 million square feet of office space is committed to be converted into 1,420 homes through the City of Calgary's Downtown Development Incentive Program.