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Investors piled into Calgary’s retail property market in 2024

Population growth, resilient consumer spending drove interest in retail property ownership
First Capital Realty became the sole owner of the Seton Gateway shopping centre following a 50% acquisition in early 2024 (Jake Cupit/CoStar)
First Capital Realty became the sole owner of the Seton Gateway shopping centre following a 50% acquisition in early 2024 (Jake Cupit/CoStar)
CoStar Analytics
January 24, 2025 | 9:59 P.M.

For the first time in a decade, annual investment activity across metropolitan Calgary's retail property sector exceeded $500 million. Total retail property investment in 2024 amounted to $549 million, 13% more than 2023.

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