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Proposed stress test changes may only dampen Calgary's market


Article content
Calgary’s resales for March were the highest in almost 15 years.
Yet the momentum in the real estate market may face headwinds from proposed changes to the mortgage stress test rules, say market experts.
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Proposed mortgage stress test changes may only slightly dampen Calgary s real estate market Back to video
The city saw a 147 per cent year-over-year increase in resales last month with 2,903 homes changing hands the highest since 2007, Calgary Real Estate Board statistics show.
As well, the benchmark price grew by seven per cent year over year to $441,900. ....

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Move-up buyers start pushing up sales of Calgary's luxury homes


Author of the article: Joel Schlesinger  •  for the Calgary Herald
Publishing date: Mar 12, 2021  •  March 12, 2021  •  2 minute read  • 
An increase in move-up buyers means that homes in the luxury market are also starting to move in Calgary. Photo by Azin Ghaffari /Postmedia
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Article content
The city’s high-priced resale real estate market showed signs of heating up last month after being one of the coldest segments for several years.
Calgary Real Estate Board figures from February revealed the city saw 70 sales of homes $1 million or more, a 159 per cent increase over the same month in 2020. ....

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