Calgary’s Next Landmark: What the New Arena Means for the Inner City
Calgary is on the brink of one of its most transformational projects in decades: the new Calgary Event Centre, known to many as the upcoming Scotia Arena. This massive undertaking isn’t just a win for hockey fans—it’s a pivotal development for the future of inner-city Calgary real estate. As a trusted Calgary real estate agent, I’m here to break down what this means for homeowners, investors, and future buyers across the core.
A Game-Changing Development for Calgary’s Downtown Core
Set to replace the aging Saddledome, the new Event Centre will be located just north of Stampede Park, anchoring the Rivers District revitalization. The arena is expected to seat over 18,000 people and will serve as a hub for concerts, sporting events, festivals, and conventions.
With construction slated to begin in 2024 and completion expected by 2027, this $800 million development is part of a broader plan to reinvigorate downtown Calgary. Expect this project to bring more vibrancy, increased walkability, and a major boost to tourism, employment, and—of course—housing demand.
Why It Matters for Calgary’s Inner-City Real Estate Market
The creation of a state-of-the-art entertainment district will significantly increase the appeal of urban living in Calgary. Here’s how this could impact buyers and sellers:
Increased Property Values
Proximity to major amenities and public investment often drives appreciation. Homes in areas like Beltline, Victoria Park, and Mission are likely to benefit from rising property values over the next several years.
Higher Rental Demand
The arena will attract professionals, performers, hospitality workers, and sports fans—all of whom need places to live. Investors can expect strong rental demand for Calgary condos near downtown and inner-city townhomes.
A New Lifestyle Destination
The arena’s surrounding retail, dining, and entertainment options will make it one of the best Calgary neighbourhoods for real estate—not just for property value, but for lifestyle.
What Communities Will Benefit the Most?
Buyers looking for long-term value should keep an eye on neighbourhoods with close proximity to the Event Centre:
• Beltline – Already a hotbed for nightlife, walkability, and new condo builds.
• Victoria Park – Poised to see rapid transformation with rezoning and high-density projects.
• Inglewood and Ramsay – Minutes away from the arena, yet maintaining a unique charm and community feel.
• East Village – A revitalized riverside district with condos, parks, and transit connections.
Key Stats and Timeline
Total Project Cost: $800 million
Estimated Completion: 2027
Seating Capacity: 18,000+
Location: North of Stampede Park, Calgary core
Partners: City of Calgary, Calgary Sports and Entertainment Corporation, Province of Alberta
How This Impacts Buyers, Sellers, and Investors
Whether you’re buying a home in inner-city Calgary, selling in Calgary’s inner city, or adding to your investment portfolio, this project marks a unique opportunity:
• Sellers in surrounding communities should prepare for increased home values.
• Buyers may want to act before demand spikes.
• Investors will find value in both resale and long-term rental potential.
Thinking About Buying or Selling in Calgary’s Inner City?
I specialize in helping clients navigate the evolving real estate market in Calgary’s most desirable neighbourhoods. Whether you’re looking for a modern infill, condo, or classic character home, I’m here to help. Let’s talk about your next move.
Dylan Kisilowski
Century 21 Bamber Realty Ltd.
📞 403-371-1196
