State of Downtown Calgary report
The State of Downtown Report 2022-2024 captures the powerful momentum reshaping our downtown, driven by collaboration between public and private partners.
Downtown by the numbers
5th most livable city
In 2024, Calgary was ranked 5th most livable city in the world, and most livable city in North America, according to the Economist Intelligence Unit.
Corporate head offices
106 corporate head offices in Calgary in 2023. Calgary has the 2nd highest number of head offices in Canada.
Approved projects
11 approved projects in the Downtown Calgary Development Incentive Program, resulting in 1,498 units, including 300 units at below-market rates. 7 office-to-residential projects expected to be completed in 2025.
Private investment
This program generates more than $3.5 of private investment for every $1 of public funding.
Major events
186 major events and conferences were hosted in Calgary in 2024, generating more than $250 million in economic impact
Housing
These projects will provide housing for roughly 2,400 people.
Downtown Calgary is the city’s economic and cultural heartbeat — a hub of business, innovation, creativity, and community. Its success fuels job creation, drives investment, supports essential services, and benefits every Calgarian. What happens downtown echoes across the entire city.
This report showcases the progress made through our shared Downtown Strategy, highlighting key achievements from 2022 to 2024, the challenges we’ve navigated, and the bold opportunities ahead.
Despite major headwinds, downtown is buzzing with energy and progress. The foundation we’re building today is setting the stage for the next decade of revitalization and growth.
Explore the report and see how Calgary’s downtown is evolving — and why it matters for all us.
State of Downtown Calgary report
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