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More government incentives could spur office-to-residential conversions across country

With financial help from municipalities, building owners in Toronto, Montreal 'would be all over' the trend, analyst says
Le Samuel, a 211-unit apartment building at 1245 Sherbrooke Street West in Montreal, is a successful conversion of the former Standard Life Insurance office building. (CoStar)
Le Samuel, a 211-unit apartment building at 1245 Sherbrooke Street West in Montreal, is a successful conversion of the former Standard Life Insurance office building. (CoStar)

Cities such as Montreal and Toronto can learn a few things from Calgary about how to seamlessly convert underused office buildings into rental towers, says a research analyst.

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