Canadian home prices hit record in May – A double whammy. Below 2 articles, one on a Calgararian contractor’s view land prices are & the problems that will bring. Also an article on Housing prices hitting a record – Editor Money Talks

Land prices in Calgary are rising so quickly that an affordability crisis could emerge if the city doesn’t make building in the suburbs easier, a local home builder is arguing.

Jay Westman, the chief executive of Jayman MasterBuilt, says there’s a serious shortage of land that can be developed quickly, and it’s causing prices to escalate by the month.

Calgary land prices nearing crisis point, builder argues

The growth in national home prices was not driven by Vancouver this time, with that city’s prices remaining flat after 12 months in a row of increases.

Canadian home prices hit record in May