Commercial investment in Calgary

Interested in developing or building property. What do you need to know and what should you do?

All land in Calgary is organized into districts or zones, each governed by its own development regulations. These rules, outlined in the Land Use Bylaw, were created to ensure that everyone has a chance to seek approval for development projects and voice concerns.
A development permit verifies that all applicable regulations and planning policies have been taken into account, providing a platform for feedback from neighbors, community associations, and other impacted parties.

 The two resources below offer significant information on zoning and regulation.

City of Calgary resources

Land use Bylaw

Once you have an idea in mind for what you would like to do, the next step is working through where the appropriate location would be for your development.
There is also the option to apply for a rezoning on the land of interest, please note that this process takes time, and any developer should be prepared for such.

This process is something that often requires guidance, from architectural recommendations, General Contractors, class D estimates, geotechnical reports, environmental, and assistance with DP applications.
From small single family developments, to hotels, apartments, and major land development, we can help guide you in the right direction, and connect you with the right people to ensure you meet with a high level of success.

We can also guide you through the process of securing the correct financing for your project. There is significant incentives in place for developers to bring new properties to the market and address the current residential home shortfall we see across Canada.
One of the main programs offered to developers in the CMHC MLI select program.

What is MLI select?
 At a glance the MLI Select program offers an innovative multi-unit mortgage loan insurance product focused on affordability, accessibility, and climate compatibility. Developers can access reduced premiums and longer amortization periods (up to 50 years) based on your level of commitment to affordability, accessibility, and climate compatibility using MLI Select.

MLI Select uses a point system to offer insurance incentives based on affordability, energy efficiency, and accessibility. Incentives are available for new construction and existing properties.

The more committed you are to social and environmental outcomes, the better the incentives. You can choose to focus on a single area like affordability or combine commitments to increase your points and incentives.

If you wish to learn more about MLI Select and how the incentives works, don’t hesitate to reach out to.

Please the below link for a thorough breakdown of the process.

MLI Select Program