Calgary millennials own more real estate than their generational counterparts, but new mortgage rules could change all that. That's the findings of a new survey done by Royal Lepage that shows Calgary's younger population owns more real estate than others of the same age elsewhere in Canada. The survey also revealed that new mortgage rules are making it harder for that age category to buy into the market. East Village real estate broker Lisa Mundell says her millennial clients are diverse when it comes to what drives them. "Here they're in [the] oil industry and tech, and they're all downtown, so it's affordable (housing wise) downtown — whereas in Vancouver or Toronto.

Source: CBC News August 18, 2017 13:00 UTC