Average price on homes in Calgary is on the rise, reflecting an increase in the income required to afford a mortgage for that average home.
Calgary has been one of Canada’s hottest real estate markets with growing demand increasingly making it costly for buyers to qualify for a mortgage, a new study has found. The report by Ratehub.ca, examining the income required to qualify for a mortgage for the average-priced home in respective markets, noted that the city saw among the largest increases in Canada. Read More