Land Development & Sales plan and budget

Land Development & Sales plan and budget

2023-2026

Our core service develops and sells industrial land to attract business investment and promote economic diversification and growth for Calgary.

Responding to a range of complex corporate land needs, Land Development & Sales also offers planning expertise to lead and identify strategic redevelopment opportunities.

Optimizing the value and maximizing the financial return on City-owned land under our stewardship, we offer The Corporation a long-term source of reoccurring property tax revenue.

Our customers

  • Small and medium-sized enterprises.
  • Large corporations.
  • Building developers.

Our partners

  • Law
  • Finance

Value to Calgarians


  • support economic growth
  • land sale at competitive prices
  • post-transaction support
  • land sales increase business diversification, job creation and expansion of tax base

What we deliver


  • Serviced land available for sale.
  • Execute land sales transactions.
  • Install service connections and driveways.
  • Develop advisory services.

Budget breakdown


2023-2026 budget ($millions)

  

Service performance


Expected 2026 performance.

Industrial land sales

2021 was $90M

Increase in assessed value from land improvements

2021 was $88.7M

# of permanent jobs created

2021 was 700

Private capital investment

2021 was $50M

Serviced industrial land available for sale

2021 was 221ac

What we've heard

The latest Service Value Dimensions Survey results reaffirm customers' and Calgarians' expectations for our developed land to be competitively priced and to support business needs with suitable land features such as location, parcel size and land use. 

Another significant priority, identified by 35 per cent of respondents, was our approach for a balanced land portfolio to continue building financial resiliency against market volatility. With the various economic shocks experienced over the last two years, it is not surprising Calgarians have placed a higher priority for our role in shaping a diversified land base and local economic growth.

Participate and view results of City research

What we're watching

  • Continuing demand for warehousing and distribution facilities to support the growth in e-commerce. Ensuring we offer larger parcels to support these building types is essential.
  • Shortening the supply chain to ensure faster delivery times and avoid supply disruptions may result in manufacturers relocating their production from abroad.
  • Regional competition from nearby municipalities due to differences in property tax rate and development levies.
  • Emerging industries such as heavy industrial who are forecasted to generate high rates of employment.
  • Monitoring greater land development and policy requirements.
  • Impact of general economic conditions on development costs and land pricing.
  • City's capital funding of critical regional infrastructure in southeast industrial Calgary.

Our initiatives


What we plan to do

Our focus is developing and selling the land we steward to help generate economic growth in the city, through business diversification and expansion of the non-residential tax base.

How we're going to get there

  • Enable businesses to start, grow and invest in our city and support Calgary's economic resilience. We will accomplish this through the development and sale of serviced land opportunities located in Great Plains Starfield Phase 1.
  • Promote economic diversification and growth for Calgary by supporting new business investment through the sale of serviced industrial land in Point Trotter Industrial Park Phase 1.
  • Attract new business investment and promote economic diversification and growth for Calgary through the sale of serviced industrial land in East Lake Industrial Park.
  • Improve the quality of life for Calgarians by offering more housing and commercial options through the sale of lands in Aurora.
  • Create great places to live, work and play for Calgarians through the redevelopment and sale of lands from our Midfield Heights urban village site.

More initiatives

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