Calgary still hot for commercial developers

The economy may have been hit by the oil price slump but developers still view Calgary as a hot location for new commercial development. International property firm Grosvenor has just acquired its third site in the Beltline with plans for a mixed office and residential development. Agron Miloti of realtors Newmark Knight Frank Devencore told The Globe and Mail that Grosvenor was far from the only party interested in the site: “Competition is huge. Developers all over Canada are looking to invest in Calgary. The city’s on a down cycle as far as the economy goes, but demand for sites like these hasn’t waned at all.”

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release


Do you invest in commercial properties?