Buoyed by increasing wages and the continuance of low mortgage rates, Calgary's luxury home sector set new records for sales in May.

Classified as those homes priced $1 million or more, there were 84 luxury sales in Calgary in May, setting the record for the most million dollar homes sold in a single month. The previous record was set in May 2012, when 80 homes priced $1 million or more were sold.

It will take some time to determine the full impact of Alberta's worst flood ever on the housing market, however, recent history suggests property values in affected areas in the city of Calgary will not take a long-term hit.

Although estimates are difficult until the extent of the damage is revealed, this year's flooding saw far more damage than seen in 2005.

In an effort to help the citizens of Calgary to deal with the flooding effects and aftermath, please take a moment to read the resources available to you.

An important resource for information and updates during the recovery process is www.calgarycitynews.com. At this webpage you can find the following information:

In an effort to increase the amount of Calgarians stepping into the role of homeowner, Attainable Homes Calgary Corporation (AHCC) has announced new income criteria.

AHCC President and CEO David Watson explained the median income of Calgarians was based on data from 2006. When updated to Statistic Canada's numbers for 2011, AHCC decided it was time to take another look at its income criteria.

After a positive pilot project, a program adopted by CREB® promoting the safety of both REALTORS® and residents of apartment-style buildings is growing.

After an attack on a local REALTOR® in November 2011, one downtown building adopted CREB®'s Lobbybox program last summer followed by a second building soon after. By Labour Day, 20 buildings in the city will have the new feature.