One of the key factors impacting the Calgary resale housing market in the last year or so has been affordability.

With economic uncertainty top of mind due to the collapse in oil prices and the COVID-19 crisis, prospective homebuyers are increasingly looking for more affordable options when making a purchase.

That will likely lead to more demand in the condominium apartment market in the future.

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.

After living in Calgary for close to 40 years, drawing up a list of things I love about the city could fill a book.

I have my own personal preferences – such as the mountains, which are near and dear to everyone, and the natural parks everywhere in sight – but I thought I would pick the brains of a few REALTORS® who have also long called the city home.

This past year has been a challenging one for Calgary's economy and real estate market, but amid all that doom and gloom, some positivity might be warranted.

Dear Santa,

It's me again. You know, that real estate geek who wants to know everything there is to know about the industry.

Throughout the past 39 years living in Calgary, I've always been fascinated by one roadway in the city: Elbow Drive.

It very well might be my favourite road to travel by vehicle, with its picturesque views of the river, parks, commercial development and interesting homes.

If you are a homeowner in Calgary, you're probably wondering what the new cannabis legislation that takes effect Oct. 17 will mean for you.

Matt Zabloski, the City of Calgary's project lead for the legalization of cannabis, said the federal government has set the table for what will happen in Calgary.

Economic growth forecasts paint cautiously optimistic picture for Calgary housing market

Calgary's housing market lives and breathes based on the whims of the city's overall economy.

While the city had an impressive gain of 6.9 per cent in economic growth in 2017 compared to 2016, according to the Conference Board of Canada, the economic engine will slow down this year and in 2019.

Dear Santa,

I know you're pretty busy these days getting ready for your epic journey. You must receive millions of letters. I can't imagine how time-consuming it is for you, but if you have a chance, please read mine.

Calgary homebuilders adapt in the face of adversity

There's no question that demand in the Calgary housing market eased following the collapse of oil prices in late 2014.

The impact of that global event sent shockwaves through the local economy, as thousands of people lost their jobs through two brutal years of recession in 2015 and 2016.

A slowing economy and job uncertainty always have an impact on the housing market, and the city saw a corresponding ease in home demand.

However, Calgary's homebuilders have been resilient and creative.