Much like most of Calgary's real estate scene, condos in the city are finding themselves in high demand.

Through the first seven months of 2013, combined (apartment and townhome) condominium sales in the city have increased by 16 per cent over the previous year. In July, combined condo sales shot up 26 per cent over the same month in 2012, a clear indicator momentum in the market is rising.

As Canada's major banks make moves to increase mortgage rates, real estate experts are saying pre-approvals are the way to go for consumers.

On Aug. 20, the Bank of Montreal announced it was increasing the interest on most new mortgages by 20 basis points, a move soon echoed by TD, RBC and other banks.

A report detailing Calgary's bustling downtown office market is suggesting a potential over-abundance of space could result in increased vacancy.

With as much as 7.5 million sq. ft. of space set to come to the downtown core over the next four to five years, a report from Cresa calls the potential impact of the current level of development "significant", adding to the possibility of increased vacancy in the area.

The Redford government is giving homeowners living in floodways in Southern Alberta the option to relocate their families.

Affected homeowners are eligible for compensation valued at 100 per cent of their last municipal property tax assessment to help them relocate.

Despite recent flooding, Calgary's housing market continues to chug along according to a new report from RBC.

Thanks to a strong economy, solid labour market, rising population and continuing attractive affordability, RBC's Housing trends and Affordability report showed monthly resale activity increased for six straight months, while affordability levels in Calgary continue to be among the better in Canada.