Demand continues surpassing stock in Calgary's housing market, as interest rates jump further. These factors come together to put a strain on people trying to purchase a home or renew their mortgage. While speaking with Global News, Tom Albrecht says “When you have a low housing stock, you really don’t need extreme levels of demand to keep pushing prices up”. Along with this, a high stress test rate makes borrowing money difficult. Watch the Global News piece here:
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