Recent changes to the mortgage stress test designed to cool down hot housing markets across the country may make it more difficult for some Albertans to purchase a home.

Rumour has it that a new residential community in Calgary's deep southwest takes its name and heritage from an upscale and eclectic inner-city Toronto borough with oodles of history.

Yorkville, the brainchild of Mattamy Homes, is designed around a family friendly outdoor lifestyle that promotes active and healthy living – the kind of lifestyle that cultivates connectedness and interaction.

When it comes to homeownership these days, one of the biggest and most talked about issues is affordability. This issue is particularly relevant when it comes to a generation of young Canadians that many people say is struggling to enter the marketplace due to the high costs of owning a home.

However, like anything else in this country, affordability is relative and truly dependent on context. If you're a millennial or a potential first-time homebuyer of any stripe, you're much better off entering the market in Calgary than other major centres like Vancouver or Toronto.

It seems that every few months, a new story emerges from hot real estate markets like Toronto about a condo project being cancelled, leaving those who bought presale units scrambling to recovery their money and find another place to call home.

But what's the situation in Calgary, and what recourse do buyers here have if a project they've purchased in is cancelled?

Ongoing weakness in Alberta's housing market "can be explained by adjustment over the past five years to continuing challenges in the energy sector," said Carolyn Wilkins, senior deputy governor of the Bank of Canada, during a recent speech at the Calgary Chamber of Commerce.

Study finds major Canadian cities have room to improve when it comes to densification

Densification is a buzzword now in the real estate industry, and it's certainly on the minds of many policy makers in cities across Canada, including Calgary.

If you travel to cities around the world, you will see firsthand how the other half lives, so to speak. More people are living close together in those global cities.

How Calgary's housing market stacks up against other major centres

When it comes to the housing market and the availability of affordable options, people often lose sight of the big picture. Instead of obsessing over the minute details of the market in any one particular city, it can be helpful to take a step back and examine things in a broader context to provide points of comparison. This dose of perspective helps one to remember that while $400,000 might seem like a lot to ask for a detached home in one city, in another major metropolitan area, people might be hard pressed to find a home for less than twice that amount.

National activity down from 2015, but consistent with 2014, says CMHC

Foreign ownership of condominium-style apartments in Calgary this year is unchanged from a year prior and continues to represent a small proportion of the total market, according to a new report.

In a recent briefing, Canada Mortgage and Housing Corp. (CMHC) noted foreign buyer activity in the city's apartment sector represented 0.9 per cent of all activity in 2016. That's down from 1.1 per cent in 2015, but up from 0.2 per cent in 2014.

With discussions continuing to swirl around Calgary being an attractive location for foreign homebuyers, CREB®Now contributor Alex Frazer-Harrison sat down with three local experts to get their opinions on what the future holds for the city's housing market.

Here's what they had to say: