Revitalization happens when community and vision come together. Our 2022–2024 State of Downtown Report tells the story of how Calgary is transforming by capturing the data, stories and shared efforts shaping the future of Downtown Calgary.
This report isn’t just about progress. It’s about people.
From new homes and student energy to artistic murals, music festivals, and social enterprise, the report captures how collective efforts are bringing new life, new ideas, and new people to Downtown Calgary.
“True revitalization means we’ve changed how people experience downtown,” says Mayor Jyoti Gondek. “It’s not just about numbers. It’s about energy. It’s about seeing people on patios at lunch, students walking home from class in the evening, and families taking in art, culture, and public space on the weekends. It’s about creating a place where people feel safe, welcomed, and proud.”
Key highlights from the 2022–2024 State of Downtown Report:
- The Downtown Calgary Incentive Programs have catalyzed $1 billion in public and private co-investment.
- A projected return of $3.50 in value for every $1 of public funding invested in office conversions.
- Downtown property values have increased $1.8B since 2022.
- There are 11 office-to-residential conversions currently underway, creating 1,498 new homes for roughly 2,400 future downtown residents.
- Calls for downtown safety response are down 12 per cent since this time last year.
- Transit ridership is at historic highs, surpassing pre-pandemic levels with more than 10 million trips in October 2024 alone.
- With the completion of the BMO Centre expansion, Calgary now boasts Western Canada’s largest convention centre, which is ready to welcome more than 35,000 visitors for the Global Energy Show and the Rotary convention in June 2025.
This momentum is visible from the new event centre in the east to Contemporary Calgary in the west. Multiple revitalization projects make the downtown core a vibrant place for people to live, work, play, learn and invest.
Learn more about the 2022–2024 State of Downtown Report.
