Calgary office construction activity.
$618.5M of work was put in place on office buildings in the 12 months to July 2026, down 5.6% on the year before. 81% of it was renovation.
New construction and renovation, by year
Office construction put in place, calendar years with every month published.
Renovation was 81% of office construction in Calgary over the 12 months to July 2026, against 66% nationally. Renovation was the majority of the work in every year of the series. Its share ranged from 65% in 2017 to 88% in 2024. Most office construction here happens inside buildings that already stand, which is why fit-out trades set the pace of this market.
Office building permits
Value and count of permits for office buildings, by calendar year.
| Year | Permit value | Permits | New construction value | Improvements value |
|---|---|---|---|---|
| 2018 | $371.1M | 308 | $69.6M | $301.5M |
| 2019 | $424.8M | 295 | $124.6M | $300.2M |
| 2020 | $196.5M | 173 | $28.0M | $168.5M |
| 2021 | $153.4M | 184 | $32.0M | $121.4M |
| 2022 | $303.3M | 231 | $19.2M | $284.1M |
| 2023 | $271.7M | 243 | $23.8M | $248.0M |
| 2024 | $298.0M | 266 | $42.8M | $255.2M |
| 2025 | $355.0M | 239 | $72.5M | $282.4M |
Permit values are the applicant’s estimate of the work authorised. Totals include a small amount of work converting other buildings into office use.
Buildings converted to homes
Homes created by permits converting non-residential buildings to residential use, by calendar year.
1,369 homes across 10 permits in the 12 months to July 2026, with a combined permit value of $275.1M. This series counts every non-residential building type converted to residential use, not office buildings alone, so it bounds the removal of non-residential space rather than measuring office removals.
For the office buildings themselves, the Calgary office vacancy page sets out what the public record can and cannot say about space leaving the office stock.
Price, not only volume
Why dollar values across years need care.
These are current dollars. The Calgary office construction price index rose 33.7% from the first quarter of 2018 to Q2 2026, so the same scope of work now costs that much more. A year with more dollars of office construction is not necessarily a year with more work.
Monthly detail
The latest 24 months, newest first. Recent months are revised on each release.
24 months
| Month | Put in place | New construction | Renovation | Office permit value | Homes from conversions |
|---|---|---|---|---|---|
| Jul 2026 | $40.3M | $7.0M | $33.2M | $11.0M | 1 |
| Jun 2026 | $44.8M | $7.7M | $36.9M | $5.7M | 262 |
| May 2026 | $48.6M | $8.2M | $40.1M | $758K | 0 |
| Apr 2026 | $49.7M | $8.7M | $40.7M | $13.2M | 0 |
| Mar 2026 | $50.1M | $9.1M | $40.6M | $15.2M | 0 |
| Feb 2026 | $51.3M | $9.6M | $41.1M | $23.1M | 12 |
| Jan 2026 | $53.0M | $9.7M | $42.6M | $36.4M | 308 |
| Dec 2025 | $55.8M | $9.9M | $45.0M | $12.0M | 0 |
| Nov 2025 | $57.0M | $10.0M | $45.8M | $10.0M | 424 |
| Oct 2025 | $55.6M | $9.8M | $44.7M | $27.8M | 326 |
| Sep 2025 | $55.6M | $9.6M | $44.8M | $15.6M | 0 |
| Aug 2025 | $56.6M | $9.2M | $46.1M | $11.9M | 36 |
| Jul 2025 | $56.6M | $8.8M | $46.4M | $19.9M | 118 |
| Jun 2025 | $55.4M | $6.7M | $47.4M | $44.8M | 0 |
| May 2025 | $55.2M | $7.0M | $47.1M | $16.4M | 92 |
| Apr 2025 | $55.6M | $7.1M | $47.5M | $9.3M | 0 |
| Mar 2025 | $53.7M | $7.1M | $45.8M | $63.2M | 0 |
| Feb 2025 | $52.9M | $6.9M | $45.3M | $56.8M | 0 |
| Jan 2025 | $52.1M | $5.9M | $45.4M | $67.3M | 89 |
| Dec 2024 | $55.4M | $5.9M | $48.6M | $10.1M | 0 |
| Nov 2024 | $55.9M | $5.9M | $49.0M | $21.4M | 0 |
| Oct 2024 | $55.7M | $5.9M | $48.6M | $13.4M | 128 |
| Sep 2024 | $54.8M | $5.7M | $47.7M | $10.9M | 0 |
| Aug 2024 | $52.0M | $5.4M | $45.1M | $19.9M | 81 |
Questions
Scope of these figures.
How much office construction is happening in Calgary?
Statistics Canada estimates $618.5M of work was put in place on office buildings in the Calgary metropolitan area in the 12 months to July 2026, down 5.6% on the 12 months before. 81% of it was renovation of existing buildings. That ranks Calgary 4th of 42 metropolitan areas.
How many office building permits were issued in Calgary?
202 in the 12 months to July 2026, with a combined value of $182.5M. 7 of them were for new construction.
Are buildings in Calgary being converted to homes?
Permits converting non-residential buildings to residential use created 1,369 homes in Calgary in the 12 months to July 2026, across 10 permits. Statistics Canada does not separate office buildings from other non-residential types in this series. The rise from 2023 coincides with The City of Calgary’s downtown office conversion incentive program, but this series alone cannot say how many of the buildings were offices.
Is the rise in value real or just price?
Partly price. The office construction price index for Calgary rose 33.7% from the first quarter of 2018 to Q2 2026, so the same work costs that much more in current dollars. Compare dollar values across years with that in mind.
What is the difference between permits and investment?
A building permit records work being authorised, valued by the applicant when the permit is issued. Investment is Statistics Canada’s estimate of the value of work actually put in place each month, spread over the time a project takes to build. Permits lead; investment follows. A large permit can appear in one month and its investment over the following year or two.
Sources: Statistics Canada, table 34-10-0293-01, Investment in Building Construction, released 2026-09-21; and table 34-10-0292-01, Building permits, by type of structure and type of work, released 2026-09-16. Unadjusted, current dollars. Statistics Canada Open Licence.
Boundary: These are dollar values of construction activity in current dollars, not floor area, vacancy or absorption. A permit value is the applicant’s estimate of the work authorised; investment is Statistics Canada’s estimate of work put in place. Conversions to residential cover every non-residential building type, not office buildings alone. Values are not adjusted for construction price change.