The federal government said a new qualifying rate for borrowers will apply starting April 6.

“Overall, the number of new completions coming into the market is outpacing demand,” CMHC senior analyst James Cuddy said of the Edmonton real estate market.

It's still a buyer's market in Calgary real estate, but the CMHC's latest assessment showed that more Calgarians are moving to condos with demand picking up for more affordable options.

High unemployment, high interest rates and low disposable income are preventing more Edmontonians from buying a home and are turning to renting instead.

Tough economic conditions are continuing to impede Calgarians from home ownership, as more completed units remain unsold, a CMHC assessment said.

In their 2019 economic and housing forecast, the Calgary Real Estate Board expects housing prices to fall by more than two per cent and Calgary to remain a buyer's market into 2020.

Credit unions, which are provincially regulated, are exempt from the rules – so far.

The latest monthly statistics from the Real Estate Board of Greater Vancouver appear to raise some red flags that the Vancouver real estate bubble may be at its breaking point.

Canada's financial regulator is looking to issue new guidelines governing high-risk mortgages in the country's housing market.